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Dr Shamshad Akhtar

Delegation representing capital markets visits China, signs MoUs

KARACHI: A high-level delegation from Pakistan’s capital markets, led by Akif Saeed, Chairman of the Securities ...

Published 21 Dec, 2024 06:24am

Business & Finance

‘World Investor Week’ marked on PSX with gong ceremony

KARACHI: Pakistan Stock Exchange (PSX), under the aegis of World Federation of Exchanges (WFE), of which PSX is an...

Published 05 Oct, 2024 06:43am

Markets

Dr Shamshad appointed chairperson of PSX board

Former State Bank of Pakistan (SBP) governor and ex-caretaker finance minister Dr Shamshad Akhtar was appointed as...

Updated 11 Jun, 2024 07:53pm

Wheat worth Rs330bn imported in 7 months

ISLAMABAD: Wheat worth 330 billion rupees was imported in seven months—from August 2023 to March 2024—and 1.3...

Updated 06 May, 2024 09:19am

Business & Finance

Upcoming budget: Experts support stabilisation reforms

ISLAMABAD: In the context of a forthcoming IMF program and upcoming budget for FY 2024-2035, economic minds on...

Updated 25 Apr, 2024 08:54am

Markets

Reporting: PSX issues ‘ESG Primer’ for listed cos

KARACHI: Pakistan Stock Exchange (PSX) has taken yet another major step in realising its vision of ESG readiness for...

Published 18 Apr, 2024 03:24am

Markets

Profit-taking erases KSE-100’s intra-day gains

Pakistan stocks surrendered their earlier gains at close on Wednesday amid final-hour profit-taking as the benchmark...

Updated 06 Mar, 2024 09:12pm

Hike in gas prices approved by ECC

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved an increase in gas prices effective...

Updated 15 Feb, 2024 08:42am

Editorials

PBC makes some fair points

EDITORIAL: It’s unfortunate that Pakistan Business Council’s (PBC’s) recommendations about generating fairer...

Published 12 Feb, 2024 06:25am

ECC directs officials to look into G-B wheat issue

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has directed the Secretary Finance, Secretary...

Updated 11 Feb, 2024 09:25am

Pakistan

Effective July 2023: ECC raises gas price for Fatima Fertilizer, Agritech

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has increased the gas price for Fatima ...

Published 08 Feb, 2024 05:02am

Editorials

Inflationary spiral remains a problem

EDITORIAL: Consumer Price Index (CPI) for January 2024 declined by 1.4 percentage points against the previous month...

Updated 07 Feb, 2024 06:12am

Economic reforms under way: Shamshad

KARACHI: Caretaker Minister for Finance, Revenue and Economic Affairs, Dr Shamshad Akhtar on Saturday said that the...

Updated 04 Feb, 2024 09:52am

FPCCI supports restructuring plan

KARACHI: Atif Ikram Sheikh, President Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has said...

Updated 04 Feb, 2024 09:51am

Markets

Economy stabilised amid caretaker govt proactive measures: Dr Shamshad

Caretaker Federal Minister for Finance, Revenue and Economic Affairs, Dr Shamshad Akhtar said that the economy has...

Updated 03 Feb, 2024 08:49pm

Transition from Libor to ‘SOFR’ approved: ECC decides to provide subsidy on wheat to G-B

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has decided to provide subsidy on wheat to...

Updated 02 Feb, 2024 09:22am

Pakistan

Financial stability: KSA minister briefed about caretakers efforts

ISLAMABAD: Caretaker Finance Minister Dr Shamshad Akhtar had a virtual meeting with Khalid Al- Falih, the Investment...

Published 01 Feb, 2024 04:52am

7th population, housing census: ECC likely to approve proposal today

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet is likely to approve the Ministry of Planning...

Updated 01 Feb, 2024 08:58am

Revamp plan approved after months of deliberations: Shamshad

ISLAMABAD: Caretaker Finance Minister Dr Shamshad Akhtar has stated that the FBR restructuring and digitisation plan...

Updated 31 Jan, 2024 09:12am

FBR restructuring: Cabinet will again take up issue today

ISLAMABAD: The Federal Cabinet will again take up the issue of restructuring of the Federal Board of Revenue (FBR)...

Updated 30 Jan, 2024 08:49am

Shamshad underscores need for continued reforms, revenue enhancement

KARACHI: Speaking at Pakistan’s International Customs Day event, caretaker Finance Minister Dr Shamshad Akhtar...

Updated 27 Jan, 2024 10:36pm

Business & Finance

Reforms in tax machinery finalized

ISLAMABAD: The recommendations on reforms in the tax machinery have been finalised by the inter-ministerial ...

Published 27 Jan, 2024 06:20am

Business & Finance

Finalisation of revised summary to cabinet: Deliberations continue on FBR restructuring

ISLAMABAD: The Inter-Ministerial Committee (IMC), headed by caretaker Finance Minister Dr Shamshad Akhtar, continued...

Published 26 Jan, 2024 04:58am

Pakistan

NUST seminar: Comprehensive overhaul of govt’s fiscal apparatus vital: Shamshad

ISLAMABAD: Effective implementation of bold and ambitious reforms is imperative to usher in a new era of development...

Published 25 Jan, 2024 04:23am

World Bank official, Shamshad discuss financing for two operations

ISLAMABAD: The Minister for Finance, Revenue and Economic Affairs met with the Country Director World Bank for...

Updated 23 Jan, 2024 09:42am

Opinion

IPO Summit 2024

The following is the full text of the speech of MD and CEO, Pakistan Stock Exchange Farrukh H. Khan that he made at...

Published 22 Jan, 2024 05:37am

Second review: IMF urged to reschedule access date to Mar 15 in LoI

ISLAMABAD: The caretaker government has requested the International Monetary Fund (IMF) to rephase the access date...

Updated 21 Jan, 2024 06:58pm

Business & Finance

Growth rebounds in positive trajectory following reforms: Shamshad

KARACHI: Caretaker Finance Minister Dr Shamshad Akhtar on Saturday said despite challenges there has been...

Published 21 Jan, 2024 03:10am

Markets

Pakistan economy to grow by 2-2.5% this year, says Dr Shamshad

Agriculture sector expected to grow by 5.6%, says caretaker minister

Updated 20 Jan, 2024 08:00pm

Revamp ‘fait accompli’, Shamshad tells FBR managers

ISLAMABAD: After a marathon meeting with the Federal Board of Revenue (FBR) officials at the FBR House on Friday,...

Updated 20 Jan, 2024 05:31pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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Dr Shamshad Akhtar

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