Trends - MOF - Business Recorder

MOF

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

MoF says markup payments remain a challenge

Consolidation efforts on track as revenues witness increase of 63 percent, with 30 percent increase in FBR collection and 117 percent surge in non-tax revenues

Updated 06 Apr, 2024 05:09pm

Today MoF going to embark upon budgetary works

ISLAMABAD: The Ministry of Finance (MoF) is all set to start Demand Review Committee/Priority Committee meeting from...

Updated 22 Mar, 2024 08:32am

Pending payments to int’l agencies: MoF asks PAOs to set aside funds in budget estimates

ISLAMABAD: Ministry of Finance (MoF) has asked Principal Accounting Officers (PAOs) of all the Ministries to ensure...

Updated 14 Mar, 2024 09:48am

MoF refuses to release Rs70bn KE TDS due to non-reconciliation

ISLAMABAD: Ministry of Finance (MoF) has reportedly refused to release Rs70 billion K-Electric Tariff Differential...

Updated 22 Feb, 2024 09:50am

Privatisation programme: MoF opposes delisting of all Discos

Suggests that only those companies be delisted which are selected for the concession model

Updated 29 Jan, 2024 09:49am

Pakistan

(AGEGA)-Federal holds protest demo at MoF and MoH

ISLAMABAD: The All Government Employees Grand Alliance (AGEGA)-Federal protested outside the Ministry of Finance and...

Published 19 Jan, 2024 05:37am

Opinion

Daunting fiscal challenges

Since the assumption of power in April 2022, the coalition government of Pakistan Democratic Movement (PDM) has been...

Published 31 Mar, 2023 06:45am

Business & Finance

MoF seeks revised draft of TDS pact with KE

ISLAMABAD: Ministry of Finance (MoF) has sought revised draft of Tariff Differential Subsidy (TDS) agreement with...

Updated 14 Mar, 2023 09:21am

MoF frames draft rules for NTR

ISLAMABAD: Ministry of Finance has framed draft rules, procedures for collection, reporting and monitoring of ...

Updated 27 May, 2022 09:57am

PD asked to clear KE’s TDS claims

ISLAMABAD: Ministry of Finance (MoF) has urged the Power Division to clear Tariff Differential Subsidy (TDS) claims...

Updated 10 May, 2022 10:10am

MoF starts work on truncated PSDP

ISLAMABAD: Finance Ministry has conveyed approval of federal government for revision of Public Sector Development...

Updated 15 Apr, 2022 10:47am

MoF’s monthly outlook: Domestic, world scenarios may ‘ramify economic recovery’

ISLAMABAD: The federal government is apprehensive that domestic and international changing scenario may have...

Updated 29 Mar, 2022 10:07am

Financial crunch: MoF refuses subsidy on phosphatic, potash fertilizers

ISLAMABAD: Finance Ministry has refused to increase subsidy on phosphatic and potash fertilizers due to serious...

Updated 28 Mar, 2022 04:10pm

Editorials

Unfair criticism?

EDITORIAL: State Bank of Pakistan (SBP) and Ministry of Finance (MoF) are becoming too sensitive to critical...

Published 04 Mar, 2022 04:37am

Purchase of sugar from mills: MoF refuses to allocate funds

ISLAMABAD: Finance Ministry has reportedly refused to allocate funds for procurement of 0.3 Million Metric Tons ...

Updated 03 Mar, 2022 09:52am

BPS 1 to 19 employees: MoF grants 15pc disparity reduction allowance

ISLAMABAD: The Finance Ministry has granted 15 percent disparity reduction allowance to the federal government...

Updated 24 Feb, 2022 09:59am

$50m defence credit line for Sri Lanka: MoDP advised to seek approval from ECC

ISLAMABAD: Ministry of Finance (MoF) has advised Ministry of Defence Production (MoDP) to seek ECC approval for...

Updated 17 Feb, 2022 09:54am

Markets

POL items’ supply chain: PSO urges MoF, MoE to arrange Rs50bn before 31st

ISLAMABAD: Pakistan State Oil (PSO) has sent an SOS to Ministry of Energy and Ministry of Finance to arrange Rs 50...

Published 13 Jan, 2022 07:17am

Tough decisions taken for sake of economic growth: MoF spokesperson

KARACHI: Muzammil Aslam, spokesperson Finance Ministry, said on Saturday that the government has taken some tough...

Updated 02 Jan, 2022 09:52am

Pakistan

Rs259.250bn debt retirement: PAC panel asks MoF, SBP to reconcile finance minister’s statement

ISLAMABAD: A meeting of the sub-committee of the Public Account Committee (PAC) has asked the Finance Ministry and...

Published 31 Dec, 2021 06:50am

BR Research

Overhaul the debt office now!

Last week there was a sense of panic in the money and stock markets after growth-on-steroids was reported for ...

Published 07 Dec, 2021 07:59am

Pakistan

Cabinet meeting: MoF asked to remove ‘disconnect’ between monetary, fiscal policies

ISLAMABAD: The Finance Ministry has reportedly been asked to remove the disconnect between monetary and fiscal...

Published 30 Nov, 2021 05:23am

Pakistan

'High inflation: no room for excuses': MoF clarification

In response to the news item titled "High inflation: no room for excuses", published in Business Recorder, it is...

Published 16 Nov, 2021 04:26am

MoF for ensuring sustainability of new growth strategy

ISLAMABAD: There is a need to ensure that the new growth strategy is sustainable without any macroeconomic...

Updated 29 Jul, 2021 09:21am

Loan write-off cases: MoF attracts Cabinet annoyance for not sharing names, details

ISLAMABAD: The Federal Cabinet has reportedly expressed annoyance at the Ministry of Finance (MoF) for not sharing...

Published 01 Jul, 2021 04:09am

Ex-officio members: MoF asked to review nominations/appointments on PSEs’ boards

ISLAMABAD: The Federal Cabinet has directed the Ministry of Finance to review nominations/appointments of ex-officio...

Published 23 May, 2021 03:06am

Pakistan

MoF issues circular to remove pensioners' hurdles

ISLAMABAD: The Ministry of Finance (MoF) has issued a circular for removal of difficulties faced by those pensioners...

Updated 09 May, 2021 10:32am

Tarin given finance portfolio in economic team shake-up

• Hammad Azhar, Omar Ayub and Khusro Bakhtiar made Minister of Energy, Minister of Economic Affairs Division,...

Published 17 Apr, 2021 03:28am

Business

SMEDA suggests simplification of tax procedures

LAHORE: The Small and Medium Enterprises Development Authority (SMEDA) in its budget proposals for 2021-22 has...

Published 13 Apr, 2021 04:31am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 18	278.55
USD PKR Interbank Buying / Dec 18	278.25
USD to Japanese Yen / Dec 18	153.63
USD to Swiss Franc / Dec 18	0.89
Pound Sterling to USD / Dec 18	1.27
Euro to USD / Dec 18	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
Nasdaq / Dec 17	20,109.06
Dow Jones / Dec 17	43,449.90
India Sensex / Dec 18	80,231.76
Tokyo Nikkei / Dec 18	39,081.71
Hang Seng / Dec 18	19,857.31
FTSE 100 / Dec 18	8,222.99
Germany DAX 30 / Dec 18	20,267.35

Item	Value
Gold 10 Grams PKR / Dec 17	241,860
Crude Oil USD/Barrel / Dec 18	70.43
Karachi Cotton PKR/37.32 KG / Dec 18	17,585
Gold Spot USD/Ounce / Dec 18	2,644.54
Cotton US¢/pound / Dec 18	68.50
Petrol/Litre / Dec 19	252.10

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
S.G.Power / Dec 18 S.G. Power Limited(SGPL)	9.17 ▲ 1.00 (12.24%)
Faran Sugar (R) / Dec 18 Faran Sugar Mills Limited (R)(FRSMR)	9.43 ▲ 1.00 (11.86%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.47 ▲ 0.42 (10.37%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Suhail Jute / Dec 18 Suhail Jute Mills Limited(SUHJ)	61.55 ▲ 5.60 (10.01%)
Attock Cement / Dec 18 Attock Cement Pakistan Limited(ACPL)	259.27 ▲ 23.57 (10.00%)
AL-Ghazi Tractors / Dec 18 Al-Ghazi Tractors Limited(AGTL)	564.23 ▲ 51.29 (10.00%)

Stock	Price
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
First Imrooz Mod. / Dec 18 First Imrooz Modaraba(FIMM)	180.01 ▼ -19.99 (-10.00%)
Imperial Limited / Dec 18 Imperial Limited(IML)	20.16 ▼ -2.24 (-10.00%)
J.A.Textile / Dec 18 J.A. Textile Mills Limited(JATM)	44.37 ▼ -4.93 (-10.00%)
Macter Int. Ltd / Dec 18 Macter International Limited(MACTER)	331.40 ▼ -36.82 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Synthetic Prod / Dec 18 Synthetic Products Enterprises Limited(SPEL)	45.89 ▼ -5.10 (-10.00%)
Biafo Ind. / Dec 18 Biafo Industries Limited(BIFO)	198.85 ▼ -22.08 (-9.99%)
Bilal Fibres / Dec 18 Bilal Fibres Limited(BILF)	12.61 ▼ -1.40 (-9.99%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.15
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 0.34
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	67,234,901 ▼ -0.51
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	60,136,151 ▲ 0.13
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▼ -1.00
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	46,669,770 ▼ -0.33
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 1.67
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▼ -0.46
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	36,858,206 ▲ 1.01

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