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ministry of finance

Aurangzeb heads to Davos for World Economic Forum moot

Finance Minister Muhammad Aurangzeb left for Davos, Switzerland on Monday to attend the World Economic Forum (WEF)...

Updated 20 Jan, 2025 04:37pm

Opinion

Politics over economics

This is the second of a two-part series on Pakistani administration’s focus on domestic factors while ignoring...

Published 20 Jan, 2025 05:31am

Pakistan

Aurangzeb, Lee explore opportunities to enhance Pakistan-Hong Kong economic ties

Finance Minister Muhammad Aurangzeb on Tuesday emphasized the need for strengthening economic and diplomatic...

Updated 14 Jan, 2025 11:08pm

Business & Finance

Aurangzeb departs for Hong Kong to attend 18th AFF

Finance Minister Muhammad Aurangzeb departed for Hong Kong on Saturday to participate in the 18th Asian Financial...

Published 11 Jan, 2025 03:50pm

Pakistan

Pakistan’s remittance inflow at $3.1bn in December 2024, up 6% month-on-month

Amount 29.3% higher when compared with $2.38 billion in December 2023

Updated 10 Jan, 2025 10:06pm

PSDP: Rs376.19bn authorised for Jul-Dec

ISLAMABAD: Ministry of Planning, Development and Special Initiatives has authorised a total of Rs376.19 billion...

Updated 09 Jan, 2025 03:10pm

Pakistan

Inflation in Pakistan clocks in at 4.1% in December 2024

Reading in line with government projection, strengthens case for continued monetary easing

Updated 01 Jan, 2025 09:40pm

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

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 21	278.88
USD PKR Interbank Buying / Jan 21	278.78
USD to Japanese Yen / Jan 21	155.54
USD to Swiss Franc / Jan 21	0.91
Pound Sterling to USD / Jan 21	1.23
Euro to USD / Jan 21	1.04

Stock	Volume
S&P 500 / Jan 17	5,996.66
Nasdaq / Jan 17	19,630.20
Dow Jones / Jan 17	43,487.83
India Sensex / Jan 21	76,270.33
Tokyo Nikkei / Jan 21	39,027.98
Hang Seng / Jan 21	20,098.89
FTSE 100 / Jan 21	8,529.98
Germany DAX 30 / Jan 21	20,988.55

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 20	18,785
Gold 10 Grams PKR / Jan 20	242,541
Crude Oil USD/Barrel / Jan 21	77.24
Gold Spot USD/Ounce / Jan 21	2,724.49
Cotton US¢/pound / Jan 21	68.02
Petrol/Litre / Jan 22	256.13

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 21 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.60 ▲ 1.00 (11.63%)
Equity Modaraba / Jan 21 First Equity Modaraba(FEM)	3.54 ▲ 0.34 (10.62%)
Waves Home Appliances / Jan 21 Waves Home Appliances Limited(WAVESAPP)	11.30 ▲ 1.03 (10.03%)
786 Invest Ltd / Jan 21 786 Investments Limited(786)	10.98 ▲ 1.00 (10.02%)
Globe Residency / Jan 21 Globe Residency REIT(GRR)	17.36 ▲ 1.58 (10.01%)
Leather Up Ltd. / Jan 21 Leather Up Limited(LEUL)	25.06 ▲ 2.28 (10.01%)
Olympia Mills / Jan 21 Olympia Mills Limited(OML)	35.65 ▲ 3.24 (10.00%)
Pak Engineering / Jan 21 Pakistan Engineering Company Limited(PECO)	671.22 ▲ 61.02 (10.00%)
Shahtaj Sugar / Jan 21 Shahtaj Sugar Mills Limited(SHJS)	108.90 ▲ 9.90 (10.00%)

Stock	Price
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	45.21 ▼ -5.02 (-9.99%)
Ghani Chem. Ind. / Jan 21 Ghani Chemical Industries Limited(GCIL)	16.62 ▼ -1.62 (-8.88%)
D.M. Textile / Jan 21 D.M. Textile Mills Limited(DMTX)	64.32 ▼ -6.22 (-8.82%)
S.G.Power / Jan 21 S.G. Power Limited(SGPL)	9 ▼ -0.81 (-8.26%)
Dadabhoy Cement / Jan 21 Dadabhoy Cement Industries Limited(DBCI)	5.10 ▼ -0.43 (-7.78%)
Sanghar Sugar / Jan 21 Sanghar Sugar Mills Limited(SANSM)	23.05 ▼ -1.94 (-7.76%)
ZIL Limited / Jan 21 ZIL Limited(ZIL)	226.01 ▼ -18.99 (-7.75%)
Khyber Textile / Jan 21 Khyber Textile Mills Limited(KHYT)	526 ▼ -43.96 (-7.71%)
Gulistan Sp. / Jan 21 Gulistan Spinning Mills Limited(GUSM)	13 ▼ -1.03 (-7.34%)

Stock	Volume
Cnergyico PK / Jan 21 Cnergyico PK Limited(CNERGY)	111,866,059 ▲ 0.44
Bank Makramah / Jan 21 Bank Makramah Limited(BML)	69,297,556 ▲ 0.05
WorldCall Telecom / Jan 21 Worldcall Telecom Limited(WTL)	64,182,488 ▼ -0.09
Lotte Chemical / Jan 21 Lotte Chemical Pakistan Limited(LOTCHEM)	59,473,543 ▼ -0.94
Fauji Cement / Jan 21 Fauji Cement Company Limited(FCCL)	51,882,881 ▲ 0.34
Hascol Petrol / Jan 21 Hascol Petroleum Limited(HASCOL)	24,273,766 ▼ -0.39
Citi Pharma Ltd / Jan 21 Citi Pharma Ltd.(CPHL)	23,353,008 ▼ -1.60
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	22,896,108 ▼ -5.02
Ghani Chem. Ind. / Jan 21 Ghani Chemical Industries Limited(GCIL)	21,890,802 ▼ -1.62

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