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ministry of finance

Dual nationals in key SBP roles: Govt panel to assess implications

ISLAMABAD: The Federal Cabinet has constituted a committee under the chairmanship of Minister for Planning,...

Updated 17 Dec, 2024 03:25pm

Technology

Out of 2.32mn freelancers, only 38,000 hold bank accounts in Pakistan, PM Committee told

In a startling development, it was disclosed during a high-level meeting of the Prime Minister’s Committee on IT...

Updated 13 Dec, 2024 09:57pm

Editorials

Blaming IMF for inflation!

EDITORIAL: In response to a query from a member of the Treasury benches, Tahira Aurangzeb, the Ministry of Finance...

Published 13 Dec, 2024 07:27am

Markets

‘No hiccups’: finance ministry reaffirms commitment to IMF programme, refutes speculation

Statement comes after report that Pakistan was facing some issues with IMF programme over meeting some conditions

Updated 04 Dec, 2024 10:05pm

Amendment to agri tax law: Provinces miss deadline

ISLAMABAD: The federal government has admitted that the provincial governments have missed the deadline to amend...

Updated 03 Dec, 2024 09:12am

Markets

Lowest since May 2018: inflation in Pakistan clocks in at 4.9% in November 2024

Reading also below official expectations

Updated 02 Dec, 2024 10:30pm

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

Pakistan

Pakistan inflation to ease further in November 2024, says Ministry of Finance

In its ‘Monthly Economic Update and Outlook’, the ministry says fiscal consolidation and contained inflation will provide impetus to economic activities in the coming months

Updated 27 Nov, 2024 10:42pm

Pakistan

PSDP: MoF approves Rs1.1trn against Rs2.9trn demand

ISLAMABAD: Ministry of Finance approved Rs1.1 trillion development budget under the Public Sector Development...

Published 19 Nov, 2024 06:35am

Q1 figures revised: MoF posts Rs360bn cumulative provincial surplus

ISLAMABAD: The Ministry of Finance has revised the fiscal operations’ figures for the first quarter (Q1) of the...

Updated 16 Nov, 2024 09:29am

Pakistan

1QFY25: With IMF in Islamabad, Punjab revises budget figures, now posts Rs40bn surplus

Finance ministry says with concurrence of the IMF, it has updated revised figures on its website, showing a surplus for Pakistan's most populous province

Updated 15 Nov, 2024 10:56pm

Pakistan

Finance ministry sees Pakistan’s headline inflation at 6-7% in October 2024

CPI to decelerate further in November to 5.5-6.5%, says finance ministry

Updated 30 Oct, 2024 10:43pm

Pakistan

ADB approves $500m loan for CDREP

ISLAMABAD: The Asian Development Bank (ADB) has approved a $500 million policy-based loan to support climate change...

Published 30 Oct, 2024 06:32am

PSDP 2024-25: Ministries’ Rs2.9trn request pruned to Rs1.1trn

Minister for Planning Ahsan Iqbal directs Economic Affairs Division to come up with a realistic demand of budget in consultation with respective ministries/divisions

Updated 25 Oct, 2024 03:18pm

MoF unwilling to legalise revenue-based load shedding

ISLAMABAD: Ministry of Finance (MoF) is reportedly unwilling to support Power Division’s plan to legalise...

Updated 24 Oct, 2024 08:58am

Pakistan

Aurangzeb discusses economic reforms, climate resilience with US envoy

Finance Minister Muhammad Aurangzeb told US Ambassador Donald Blome on Thursday that the government’s macroeconomic...

Updated 17 Oct, 2024 10:19pm

To be shared with IMF: MoF asks ministries to submit 17 SOEs’ makeover plans

ISLAMABAD: The Ministry of Finance has sought restructuring/business plans of 17 State Owned Entities (SOEs) from...

Updated 15 Oct, 2024 02:50pm

Dispute arises between FBR, AJ&K

ISLAMABAD: A dispute has arisen between the Federal Board of Revenue (FBR) and Azad Jammu and Kashmir (AJ&K) tax...

Updated 05 Oct, 2024 09:28am

Based on monthly invoicing to ‘GoAJ&K’: Power supply to AJ&K should be billed at basket rate: MoF

ISLAMABAD: The Ministry of Finance has proposed that electricity supply to Azad Jammu and Kashmir (AJ&K) should...

Updated 20 Sep, 2024 08:52am

Markets

Auction for Ijarah Sukuk: PSX raises Rs202bn against Rs250bn target

KARACHI: Pakistan Stock Exchange (PSX) has raised Rs 202 billion against a target of Rs 250 billion for the Ministry...

Published 17 Sep, 2024 06:33am

MoF seeks making KE QTA mechanism in line with other Discos

ISLAMABAD: Ministry of Finance has asked Power Division to explore the possibility of similar mechanism for KE QTA’s...

Updated 07 Sep, 2024 03:08pm

Pakistan

Finance ministry expects inflation to fall further to 9.5-10.5% in August

Headline inflation figure hit 11.1% in July and brokerage houses now see the number falling to single digits

Updated 30 Aug, 2024 10:09pm

$8bn CPEC debt re-profiling plan being prepared

Power Division will ensure sharing all necessary information with Task Force, which will report to the Steering Committee co-chaired by Minister for Finance and Revenue and Minister for Power

Updated 28 Aug, 2024 05:58pm

Opinion

Social sector spending

The Federal Ministry of Finance has released the estimates of poverty-related expenditures for 2022-23. Thanks are...

Published 27 Aug, 2024 06:44am

Business & Finance

Auction for Ijarah Sukuk: PSX raises Rs119bn against Rs100bn target

KARACHI: Pakistan Stock Exchange (PSX) has raised Rs 119 billion against a target of Rs 100 billion for Ministry of...

Updated 16 Aug, 2024 09:13am

Arbitration: MoF to align SOEs law with global law

Finance Ministry says concerned agencies including ministries/Divisions and the SOEs under their administrative control have been facing issues in interpreting and implementing the law

Updated 06 Aug, 2024 09:31am

SECP commissioners’ interview: Selection body reconstituted

ISLAMABAD: Ministry of Finance has reconstituted selection committee for conducting interviews of short-listed...

Updated 03 Aug, 2024 08:27am

MoF unveils fund release strategy: No office can make direct payments through SBP

ISLAMABAD: The Ministry of Finance has banned direct payment through the State Bank of Pakistan (SBP) by any office,...

Updated 17 Jul, 2024 04:32pm

Business & Finance

President Zardari gives assent to Finance Bill

The Finance Bill will take effect on July 1, 2024, according to a press release from the President's Secretariat

Updated 30 Jun, 2024 10:28pm

Business & Finance

Issuance of Panda Bond: MoF to hire a Chinese rating agency

ISLAMABAD: The Ministry of Finance has decided to hire the services of a Chinese Credit Rating Agency for issuance ...

Published 30 Jun, 2024 02:58am

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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