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finance ministry

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

Aurangzeb says affordable housing linked with two ‘existential’ problems

ISLAMABAD: Federal Minister for Finance Muhammad Aurangzeb, while terming the directed lending by the government to...

Updated 05 Dec, 2024 09:11am

PM for accelerating action against tax defaulters

ISLAMABAD: Expressing satisfaction over the nose-diving inflation rate in the country, Prime Minister Shehbaz Sharif...

Updated 19 Nov, 2024 08:56am

Supplementary grants: IMF seeks to limit govt discretion

ISLAMABAD: The International Monetary Fund (IMF) has asked Pakistan to initiate legal changes, required to limit the...

Updated 16 Nov, 2024 09:08pm

Opinion

There’s a context to ‘unusual’ IMF talks

This is apropos a Business Recorder news item titled “IMF team holds ‘unusual’ talks over USD7 billion...

Published 14 Nov, 2024 07:40am

Business & Finance

IMF team holds ‘unusual’ talks over $7bn bailout

ISLAMABAD: The International Monetary Fund’s Pakistan mission chief Nathan Porter on Tuesday opened unusual talks...

Published 13 Nov, 2024 06:33am

Pakistan

Govt posts a rare budget surplus of Rs1.7tn in Q1FY25

Only Punjab recorded a budget deficit among provinces

Updated 31 Oct, 2024 09:34pm

Development projects: MoPD&SI authorises 14pc of budgeted allocation for Q1

Authorises 20 percent for the second quarter, 25 percent for the third quarter

Updated 30 Oct, 2024 03:44pm

Pakistan

Aurangzeb praises role of Pakistani diaspora

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb appreciated Pakistani diaspora on...

Updated 28 Oct, 2024 08:52am

First review of IMF commitments: MoF evaluates progress across ministries concerned

ISLAMABAD: The Finance Ministry is reportedly taking stock of progress from the concerned ministries for first...

Updated 18 Oct, 2024 02:54pm

Effective Oct 16: Substantial increase in fuel prices likely

ISLAMABAD: Consumers may face a substantial increase in fuel prices, with estimates suggesting a potential rise of...

Updated 13 Oct, 2024 09:28am

Markets

ECC allows additional export of 500,000 MT of surplus sugar

Decision taken in view of availability of sufficient surplus stocks, Finance Division says

Updated 11 Oct, 2024 10:36pm

Markets

‘War on tax fraud’: Pakistan faces revenue gap of Rs3.4tr due to tax evasion & fraud, says finance ministry

Finance & Revenue Division cites FBR study pertaining to iron & steel, beverages, batteries, textile, and cement sectors

Updated 10 Oct, 2024 09:18pm

Q1: Rs170bn revenue shortfall glares at FBR

ISLAMABAD: The Federal Board of Revenue (FBR) is likely to face revenue shortfall of Rs170 billion during the first...

Updated 28 Sep, 2024 08:43am

Markets

Finance Ministry projects Pakistan’s headline inflation at 8-9% in September, October

Economy indicates positive developments during first two months of FY2025, says Monthly Economic Update and Outlook for September

Updated 27 Sep, 2024 11:33pm

Processing industry: MoF seeks mechanism to avoid misuse of gas

ISLAMABAD: Finance Ministry has reportedly sought a mechanism from the Petroleum Division which guarantees that the...

Updated 09 Sep, 2024 09:08am

China, IMF: PM asks MoF to follow key matters up

Ministry of Railways, Planning, and Finance directed to expeditiously finalise negotiations on Karachi-Hyderabad segment of ML-1 project with Chinese authorities

Updated 06 Sep, 2024 09:26am

15 largest SOEs: MoF seeks report to share plans with IMF

Says all line ministries are required to adopt and prepare business plans and Statements of Corporate Intent as per the given timelines in the SOEs Policy, 2023

Updated 04 Sep, 2024 12:01pm

Finance ministry spells out 5 major economic challenges

High fuel prices among the many issues facing Pakistan's economy

Updated 03 Sep, 2024 11:52am

Business & Finance

First single-digit stat in nearly 3 years: Annual inflation slows to 9.6pc

KARACHI: Country’s annual consumer price inflation rate slowed to 9.6% in August, the first single-digit reading ...

Published 03 Sep, 2024 06:27am

Business & Finance

13.97pc mark-up rate notified for GP Fund

ISLAMABAD: The Finance Ministry has notified that the rate of markup on state provident fund, ie, general provident...

Published 03 Sep, 2024 06:27am

Markets

Categorisation of SOEs: SMEDA declared as essential, PNSC as strategic

TCP may be categorised as essential SOE under SOEs Policy 2023, Cabinet Committee on State-Owned Enterprises decides

Updated 02 Sep, 2024 10:36pm

Markets

Inflation in Pakistan drops to single digit after three years, clocks in at 9.6% in August

Reading in line with official expectations that put figure in range of 9.5-10.5%

Updated 02 Sep, 2024 08:40pm

Credit to private sector: incorrect calculation?

ISLAMABAD: Credit to private sector (flows) stood at Rs -326.9 billion, 1-July to 26-July 2024-25 against Rs -171.1...

Updated 31 Aug, 2024 10:21pm

Opinion

Electric Vehicles come to Pakistan

Minister for Finance Muhammad Aurangzeb claimed at the launching ceremony of BYD, a Chinese company globally ...

Updated 26 Aug, 2024 07:36am

Markets

ECC allows export of another 100,000 MT of sugar

Committee also approves Rs20 billion as special allocation for Operation Azm-e-Istehkam

Published 22 Aug, 2024 09:57pm

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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