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Abdul Hafeez Shaikh

Tarin sworn in as finance minister

ISLAMABAD: Shaukat Tarin Saturday sworn in as Finance Minister in the oath-taking ceremony administered by President...

Published 18 Apr, 2021 03:09am

Cabinet to discuss economy, Covid-19 vaccine price today

ISLAMABAD: The Cabinet which is scheduled to meet on Thursday (April 1) with Prime Minister Imran Khan in the chair...

Published 01 Apr, 2021 04:10am

Pakistan

PML-N for putting names of Hafeez, Babar on ECL

ISLAMABAD: The Pakistan Muslim League-Nawaz (PML-N) has demanded that the names of recently fired cabinet members ...

Published 31 Mar, 2021 05:42am

Business & Finance

Notification issued: Hammad Azhar appointed as Finance Minister

“In exercise of the powers conferred by clause (3) of Article 92 of the Constitution of the Islamic Republic of Pakistan, the President, on the advice of the Prime Minister, has been pleased to approve the removal of Dr. Abdul Hafeez Shaikh as Federal Minister, with immediate effect,” read the notification.

Published 30 Mar, 2021 11:55am

Business & Finance

Incoming Finance Minister vows to protect against COVID shocks

“The world is witnessing supply chain disruptions and rise in food prices. We shall endeavor to protect our people from these shocks,” added Azhar.

Updated 30 Mar, 2021 12:00pm

Removal due to Senate election defeat: Bilawal

KARACHI: Chairman Pakistan People's Party (PPP) Bilawal Bhutto Zardari on Monday said that removal of Abdul Hafeez...

Published 30 Mar, 2021 05:45am

ECC approves Rs1bn for ad drive to highlight govt initiatives

ISLAMABAD: A meeting of the Economic Coordination Committee (ECC) has approved Rs1 billion for launching an...

Published 27 Mar, 2021 05:41am

Pakistan

Hafeez stresses for speedy privatization process

He also urged to observe the time lines and carry forward the whole process expeditiously.

Published 18 Mar, 2021 07:48pm

Pakistan

ECNEC approves water, road, health infrastructure projects

Establishment of 48 MW Jagran Hydropower Station (Phase-II) at District Neelum, AJK was also approved by ECNEC at (a 2nd revised cost) of Rs.11, 372.135 million.

Published 11 Mar, 2021 08:58pm

Business & Finance

ECC approves Ramadan package for Utility Stores

In the meeting, it was decided that 19 essential items would be subsidized at the utility stores, under the Ramadan package.

Published 10 Mar, 2021 11:58pm

Pakistan

Senate election: PTI lawmaker moves IHC to challenge Gilani’s victory

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) legislator Ali Nawaz Awan on Tuesday moved Islamabad High Court (IHC) to...

Updated 10 Mar, 2021 09:49am

Pakistan

Finance minister vows to promote agriculture sector

The meeting also reviewed the progress on the directions of the Prime Minister to enhance agriculture credit for the farming sector.

Published 08 Mar, 2021 07:51pm

PM wins trust vote, comes on very strong about opposition

ISLAMABAD: Prime Minister Imran Khan on Saturday secured 178 votes from the 341-member National Assembly on a vote ...

Updated 07 Mar, 2021 10:34am

Business & Finance

PSX benchmark Index bleeds after ‘shocking’ upset at Senate Elections

At 9:30 am, the index dropped by 1,073.15 points to 45,087.73 points amid political uncertainty.
The political tensions were further escalated after PTI announced that Prime Minister Imran Khan would seek a fresh vote of confidence from the National Assembly.

Updated 04 Mar, 2021 10:35am

PM decides to seek fresh vote of confidence

ISLAMABAD: The ruling Pakistan Tehreek-e-Insaf (PTI), on Wednesday, announced that Prime Minister Imran Khan would...

Updated 04 Mar, 2021 09:39am

Pakistan

Sheikh Rasheed rules out any ‘surprise’ from Opposition in Senate election

“These people won’t pull off any surprise. Political death writ large on their faces,” the minister said.
It would have been better, if senators from Khyber Pakhtunkhwa and Balochistan had also been elected unopposed, said Rasheed.

Updated 03 Mar, 2021 01:50pm

Pakistan

Senate polls: Fawad confident PTI's Hafeez Shaikh to get over 180 votes

Minister says opposition’s joint candidate Yousuf Raza Gillani would secure 155 votes
ECP should take action over a leaked video involving Gilani's son purportedly buying votes: Fawad

Published 03 Mar, 2021 10:42am

Pakistan

Hafeez for early completion of remaining FATF action plan items

The minister said that strict adherence to timelines would culminate into successful completion of the FATF Action Plan.

Published 01 Mar, 2021 08:32pm

Pakistan

Govt committed to ensure provision of essential commodities at affordable prices: Hafeez Shaikh

The committee reviewed the price trend of essential commodities especially wheat flour, sugar, vegetable ghee, chicken and eggs during the last week.

Published 22 Feb, 2021 08:10pm

Pakistan

Pakistan-IMF agreement entails economic benefits for country: Finance Minister

Sheikh expressed the confidence that PTI will emerge victorious in the Senate elections.

Published 17 Feb, 2021 06:14pm

Pakistan

Agreement with IMF, a good development for Pakistan: Hafeez Shaikh

The federal minister shared that Pakistan had reached a staff level agreement with the IMF.
Shaikh said that overcoming the challenges created by the Pandemic had required concerted effort.

Published 16 Feb, 2021 08:29pm

Pakistan

FBR directed to expedite process of refunds

The minister also accorded approval for the establishment of ‘Tax Policy Unit’ under the administrative control of the Finance Division.

Published 11 Feb, 2021 08:39pm

Pakistan

Country's economy is on upward trajectory due to govt’s prudent policies: Minister

He said the previous government of PML-N had left the fragile economy by taking huge foreign loans.

Published 06 Feb, 2021 06:23pm

Pakistan

NA informed: ADB disburses $4,357m under various projects, programme loans

ISLAMABAD: The National Assembly was informed on Monday that the Asian Development Bank (ADB) has disbursed $4,357...

Updated 02 Feb, 2021 09:46am

Pakistan

Federal, provincial governments lauded for ensuring uninterrupted wheat supply

The NPMC reviewed the price trend of essential commodities especially wheat, sugar and edible oil during the week.

Published 25 Jan, 2021 09:34pm

Pakistan

Govt focusing on real sector economic growth: Hafeez

State Bank of Pakistan had announced additional support of Rs190 billion for exporters and investors, he added.

Published 25 Jan, 2021 07:11pm

Pakistan

ECNEC reconstituted

ISLAMABAD: The Prime Minister in Monday re-constituted the Executive Committee of the National Economic Council...

Published 19 Jan, 2021 04:22am

Pakistan

Finance Minister urges timely release of NGMS spectrum

The minister emphasized that the whole process of spectrum auction must be transparent for strengthening and expanding communications and IT Services across the country.

Updated 14 Jan, 2021 11:26pm

Pakistan

Double-digit LSM growth testament of PTI government efforts: Finance Minister

The minister said that the LMS posted double-digit growth of 14.5% in November 2020 compared to November 2019.

Published 13 Jan, 2021 08:31pm

Pakistan

Oil smuggling inflicting Rs150bn loss to economy annually: PM

He said the anti-smuggling measures would bring in revenue for the government to spend on the welfare of common man.

Published 02 Jan, 2021 12:54am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 29	278.93
USD PKR Interbank Buying / Jan 29	278.73
USD to Japanese Yen / Jan 29	155.27
USD to Swiss Franc / Jan 29	0.90
Pound Sterling to USD / Jan 29	1.25
Euro to USD / Jan 29	1.04

Stock	Volume
S&P 500 / Jan 28	6,067.70
Nasdaq / Jan 28	19,733.59
Dow Jones / Jan 28	44,850.35
India Sensex / Jan 29	76,280.68
Tokyo Nikkei / Jan 29	39,346.10
Hang Seng / Jan 29	20,225.11
FTSE 100 / Jan 29	8,526.69
Germany DAX 30 / Jan 29	21,503.20

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 28	18,485
Gold 10 Grams PKR / Jan 28	247,560.80
Crude Oil USD/Barrel / Jan 29	73.75
Gold Spot USD/Ounce / Jan 29	2,761.08
Cotton US¢/pound / Jan 29	67.12
Petrol/Litre / Jan 30	256.13

Gainers
Losers
Leaders

Stock	Price
Waves Home Appliances / Jan 29 Waves Home Appliances Limited(WAVESAPP)	11.63 ▲ 1.06 (10.03%)
Redco Textile / Jan 29 Redco Textiles Limited(REDCO)	19.97 ▲ 1.82 (10.03%)
Jauharabad Sug / Jan 29 Jauharabad Sugar Mills Limited(JSML)	21.84 ▲ 1.99 (10.03%)
Saritow Spinning / Jan 29 Saritow Spinning Mills Limited(SSML)	14.81 ▲ 1.35 (10.03%)
Leather Up Ltd. / Jan 29 Leather Up Limited(LEUL)	44.41 ▲ 4.04 (10.01%)
Fateh Sports / Jan 29 Fateh Sports Wear Limited(FSWL)	86.43 ▲ 7.86 (10%)
Supernet Ltd. / Jan 29 Supernet Limited (GEM)(GEMSPNL)	19.80 ▲ 1.8 (10%)
Sanghar Sugar / Jan 29 Sanghar Sugar Mills Limited(SANSM)	30.69 ▲ 2.79 (10%)
Shahmurad Sugar / Jan 29 Shahmurad Sugar Mills Limited(SHSML)	398.70 ▲ 36.25 (10%)

Stock	Price
D.S. Ind. Ltd. / Jan 29 D.S. Industries Limited(DSIL)	4.51 ▼ -0.85 (-15.86%)
Tariq Corp.Pref. / Jan 29 Tariq Corporation Limited-Preference Shares(TCORPCPS)	6.88 ▼ -1 (-12.69%)
PICIC Ins.Ltd. / Jan 29 PICIC Insurance Limited(PIL)	2.25 ▼ -0.32 (-12.45%)
Punjab Mod / Jan 29 First Punjab Modaraba(FPJM)	2.60 ▼ -0.33 (-11.26%)
National Silk / Jan 29 The National Silk & Rayon Mills Limited(NSRM)	49.29 ▼ -5.48 (-10.01%)
Blessed Tex. / Jan 29 Blessed Textiles Limited(BTL)	306 ▼ -34 (-10%)
Shahtaj Sugar / Jan 29 Shahtaj Sugar Mills Limited(SHJS)	111.67 ▼ -12.41 (-10%)
Crescent Steel / Jan 29 Crescent Steel & Allied Products Limited(CSAP)	112.88 ▼ -12.54 (-10%)
Suhail Jute / Jan 29 Suhail Jute Mills Limited(SUHJ)	82.02 ▼ -8.63 (-9.52%)

Stock	Volume
WorldCall Telecom / Jan 29 Worldcall Telecom Limited(WTL)	67,917,203 ▼ -0.01
Cnergyico PK / Jan 29 Cnergyico PK Limited(CNERGY)	31,182,412 ▲ 0.14
Sui South Gas / Jan 29 Sui Southern Gas Company Limited(SSGC)	29,454,322 ▼ -1.6
K-Electric Ltd. / Jan 29 K-Electric Limited(KEL)	29,207,516 ▲ 0.11
Fauji Foods Ltd / Jan 29 Fauji Foods Limited(FFL)	26,339,311 ▼ -0.04
Citi Pharma Ltd / Jan 29 Citi Pharma Ltd.(CPHL)	26,038,104 ▼ -0.81
Dewan Motors / Jan 29 Dewan Farooque Motors Limited(DFML)	24,645,415 ▲ 3.11
Fauji Cement / Jan 29 Fauji Cement Company Limited(FCCL)	18,743,736 ▼ -0.97
Lotte Chemical / Jan 29 Lotte Chemical Pakistan Limited(LOTCHEM)	14,546,524 ▼ -0.55

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Abdul Hafeez Shaikh

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