Trends - Finance Division - Business Recorder

Finance Division

NA panel says concerned at some clauses of Tax Laws (Amendment) Bill

ISLAMABAD: National Assembly Standing Committee on Finance and Revenue expressed concern over some clauses of Tax...

Updated 22 Jan, 2025 10:15am

Markets

Afghan transit trade: ECC okays insurance guarantee for DAP imports

Economic Coordination Committee authorises Finance Division to approve payment of projected Rs935.78mn in net salaries of Pakistan Steel Mills employees for FY25

Published 17 Jan, 2025 10:18pm

Editorials

Pension calculation formula

EDITORIAL: An office memorandum issued by the Finance Division noted a change in the calculation of emoluments for...

Published 15 Jan, 2025 02:59am

‘Deviation from policy’ Fin Div seeks explanation from PAOs

ISLAMABAD: Finance Division has directed all principal accounting officials (PAOs) to explain the reasons of excess...

Updated 14 Jan, 2025 08:44am

Business & Finance

Budget in 1st week of June

ISLAMABAD: Finance Division issued budget circular according to which budget for the next fiscal year 2025-26 would...

Published 09 Jan, 2025 06:19am

Business & Finance

Govt reconstitutes CMWG, CM&FU

ISLAMABAD: The government has reconstituted Cash Management Working Group (CMWG) and Cash Management and Forecasting...

Updated 02 Jan, 2025 08:25am

Pension calculation formula announced

ISLAMABAD: The government has decided that pension shall be calculated on the basis of average of pensionable...

Updated 02 Jan, 2025 12:59pm

Business & Finance

Average cost of Platts with incidentals, duty hike HSD price

ISLAMABAD: The price of high-speed diesel (HSD) in Pakistan has increased in the latest price review, according to ...

Updated 02 Jan, 2025 08:09am

Jul-Dec: SOEs post staggering Rs408bn losses

Brings accumulated losses since 2014 to Rs5.9 trillion till December 2024

Updated 28 Dec, 2024 05:12pm

Clearance of overdue urea subsidy payments: ECC asks ministry to persuade provinces

ISLAMABAD: The Economic Coordination Committee (ECC) has directed the Ministry of Industries and Production...

Updated 28 Dec, 2024 04:14pm

Business & Finance

Dec inflation expected to hold in 4-5pc range: FD

ISLAMABAD: Finance Division while anticipating optimistic outlook for the ongoing fiscal year with inflation to...

Published 28 Dec, 2024 05:59am

Markets

Pakistan’s inflation projected at 4-5% in December, says Ministry of Finance

Pakistan’s headline inflation is expected to stay within the 4-5% range in December, the Finance Division projected...

Updated 27 Dec, 2024 10:07pm

Pakistan

MoF celebrates event related to Christmas

ISLAMABAD: The Ministry of Finance, Government of Pakistan, hosted a special cake cutting ceremony in connection ...

Published 24 Dec, 2024 06:33am

Aurangzeb vows to overhaul tax machinery

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb has reiterated the government’s...

Updated 21 Dec, 2024 02:47pm

PM makes body to review ‘allowances to govt servants’

ISLAMABAD: Prime Minister Shehbaz Sharif has constituted a Special Committee to review the proposals received by the...

Updated 21 Dec, 2024 09:22am

Business & Finance

Petrol rate unchanged: Rs3.05 reduction in HSD price

ISLAMABAD: The Federal Government announced today that the price of petrol will remain unchanged, while the rates of...

Published 16 Dec, 2024 06:08am

Govt envisages increasing IT sector exports to $4.2bn

ISLAMABAD: Amid admission that a substantial portion of IT exports revenue remains un-remitted, the government...

Updated 14 Dec, 2024 06:00pm

Foreign investors meet Aurangzeb

ISLAMABAD: A high-level delegation of foreign investors and business professionals, mostly based in the United...

Updated 10 Dec, 2024 09:19am

Opinion

Poor FBR performance

The monthly Economic Update and Outlook was uploaded on the Finance Division website on 28 November 2024 with the ...

Updated 09 Dec, 2024 08:11am

Markets

In meeting with IMF’s new representative, Aurangzeb reaffirms commitment to loan programme

Finance minister Muhammad Aurangzeb reiterated on Thursday Pakistan’s commitment to ensuring “smooth and successful”...

Updated 05 Dec, 2024 10:15pm

PCP, PR, OPF boards’ reconstitution gets nod: CCoSOEs concerned over Rs1trn annual losses by SOEs

ISLAMABAD: The Cabinet Committee on State-Owned Enterprises (CCoSOEs), Wednesday, expressed serious concerns over...

Updated 05 Dec, 2024 09:17am

Markets

National Tax Council meets to discuss tax reforms, harmonisation

Meeting's agenda focuses on fostering collaboration between federal, provincial authorities to enhance tax systems, improve compliance, and boost revenue collection, Finance Division says

Updated 04 Dec, 2024 10:35pm

FCDO supports reforms programme: Aurangzeb

ISLAMABAD: Federal Minister for Finance and Revenue Muhammad Aurangzeb chaired a meeting with Melinda Bohannon,...

Updated 03 Dec, 2024 09:20am

Business & Finance

Petrol, diesel prices increased

ISLAMABAD: The petrol price has been increased by Rs3.72 per litre and high speed diesel (HSD) by 3.29 per litre ...

Published 01 Dec, 2024 03:13am

Business & Finance

Sustained recovery expected: FD foresees Nov inflation to range between 5.8pc and 6.8pc

ISLAMABAD: The Finance Division is anticipating sustained economic recovery in the ongoing fiscal year, inflation to...

Updated 28 Nov, 2024 09:28am

Business & Finance

Special meeting: ECC shows concern over implementation delays

The Economic Coordination Committee (ECC) has shown concern over delays in the implementation of its decisions, the...

Published 27 Nov, 2024 09:56pm

Standardising financial regimes: Aurangzeb highlights importance

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a meeting with a delegation of...

Updated 27 Nov, 2024 09:21am

Business & Finance

Govt tells World Bank: Agri tax legislation to be completed in next Jan

ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, Tuesday, apprised the World Bank ...

Published 27 Nov, 2024 06:44am

Pakistan

World Bank offers assistance to streamline Pakistan’s budget-making process

The World Bank has offered Pakistani authorities technical assistance to enhance the budget-making process and adopt...

Updated 26 Nov, 2024 10:23pm

Intelligence-sharing: FD to ink MoU with FMU and FIU of Belarus

ISLAMABAD: The Finance Division would sign memorandum of understanding (MoU) with Financial Monitoring Unit and...

Updated 26 Nov, 2024 09:35am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 22	278.92
USD PKR Interbank Buying / Jan 22	278.72
USD to Japanese Yen / Jan 22	155.66
USD to Swiss Franc / Jan 22	0.91
Pound Sterling to USD / Jan 22	1.23
Euro to USD / Jan 22	1.04

Stock	Volume
S&P 500 / Jan 21	6,049.24
Nasdaq / Jan 21	19,756.78
Dow Jones / Jan 21	44,025.81
India Sensex / Jan 22	76,197.90
Tokyo Nikkei / Jan 22	39,646.25
Hang Seng / Jan 22	19,778.77
FTSE 100 / Jan 22	8,579.82
Germany DAX 30 / Jan 22	21,258.81

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 21	18,485
Gold 10 Grams PKR / Jan 21	242,798
Crude Oil USD/Barrel / Jan 22	75.52
Gold Spot USD/Ounce / Jan 22	2,751.94
Cotton US¢/pound / Jan 22	67.34
Petrol/Litre / Jan 23	256.13

Gainers
Losers
Leaders

Stock	Price
Apna Microfin. / Jan 22 Apna Microfinance Bank Limited(AMBL)	10.49 ▲ 0.96 (10.07%)
Leather Up Ltd. / Jan 22 Leather Up Limited(LEUL)	27.57 ▲ 2.51 (10.02%)
Jah.Sidd. Co. / Jan 22 Jahangir Siddiqui & Co. Ltd.(JSCL)	24.29 ▲ 2.21 (10.01%)
Pak Elektron (Pref) / Jan 22 Pak Elektron Limited (Preference)(PELPS)	14.94 ▲ 1.36 (10.01%)
Ashfaq Textile / Jan 22 Ashfaq Textile Mills Limited(ASHT)	15.51 ▲ 1.41 (10.00%)
Crescent Cotton / Jan 22 Crescent Cotton Mills Limited(CCM)	54.45 ▲ 4.95 (10.00%)
Fecto Cement / Jan 22 Fecto Cement Limited(FECTC)	116.40 ▲ 10.58 (10.00%)
Fateh Sports / Jan 22 Fateh Sports Wear Limited(FSWL)	86.43 ▲ 7.86 (10.00%)
Pak Engineering / Jan 22 Pakistan Engineering Company Limited(PECO)	738.34 ▲ 67.12 (10.00%)

Stock	Price
First Capital Equities / Jan 22 First Capital Equities Limited(FCEL)	5.30 ▼ -0.70 (-11.67%)
Nagina Cot. / Jan 22 Nagina Cotton Mills Limited(NAGC)	49.95 ▼ -5.55 (-10.00%)
Zahid Jee Textile / Jan 22 Zahidjee Textile Mills Limited(ZAHID)	27.21 ▼ -3.00 (-9.93%)
Gulistan Sp. / Jan 22 Gulistan Spinning Mills Limited(GUSM)	11.58 ▼ -1.26 (-9.81%)
TPL Life Insur. / Jan 22 TPL Life Insurance Limited(TPLL)	51 ▼ -5.50 (-9.73%)
Masood Textile / Jan 22 Masood Textile Mills Limited(MSOT)	49.05 ▼ -5.27 (-9.70%)
Karam Ceramics / Jan 22 Karam Ceramics Limited(KCL)	55.98 ▼ -5.92 (-9.56%)
Mari Energies / Jan 22 Mari Energies Limited(MARI)	598 ▼ -61.53 (-9.33%)
Hala Enterprise / Jan 22 Hala Enterprises Limited(HAEL)	12.10 ▼ -1.21 (-9.09%)

Stock	Volume
Cnergyico PK / Jan 22 Cnergyico PK Limited(CNERGY)	114,034,653 ▲ 0.04
WorldCall Telecom / Jan 22 Worldcall Telecom Limited(WTL)	99,158,485 ▼ -0.07
Fauji Cement / Jan 22 Fauji Cement Company Limited(FCCL)	83,500,175 ▲ 3.03
Bank Makramah / Jan 22 Bank Makramah Limited(BML)	69,476,357 ▲ 0.02
Citi Pharma Ltd / Jan 22 Citi Pharma Ltd.(CPHL)	23,402,152 ▲ 3.23
Lotte Chemical / Jan 22 Lotte Chemical Pakistan Limited(LOTCHEM)	23,042,045 ▼ -0.08
Ghani Chem. Ind. / Jan 22 Ghani Chemical Industries Limited(GCIL)	21,938,589 ▲ 1.04
Power Cement / Jan 22 Power Cement Limited(POWER)	21,682,567 ▲ 0.10
Fauji Foods Ltd / Jan 22 Fauji Foods Limited(FFL)	18,601,390 ▼ -0.41

Markets →

Budget 2024-25: income tax calculator for FY25

Finance Division

Most Popular