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SOEs

Lack of awareness of IMF conditions

Pakistan’s private sector elite in industry and the farm sectors, major non-institutional recipients of budgeted...

Updated 16 Dec, 2024 07:42am

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

Economic reform agenda: Govt has no room for complacency, says Aurangzeb

Finance minister briefs the National Assembly Standing Committee on Finance on the government’s commitments to IMF

Updated 03 Dec, 2024 09:25am

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

Editorials

The govt narrative reality check

EDITORIAL: Advisor to the Federal Finance Minister on Economic and Financial Revenue Khurram Shehzad stated that the...

Published 30 Nov, 2024 06:26am

Business & Finance

Rs148bn receivables: SNGPL holds CPPA-G responsible

ISLAMABAD: Sui Northern Gas Company Limited (SNGPL) holds the Central Power Purchasing Agency– Guaranteed (CPPA-G),...

Updated 20 Nov, 2024 09:18am

Azerbaijan invited to join SOE sell-off drive

ISLAMABAD: Federal Minister for Board of Investment, Privatisation and Communications, Abdul Aleem Khan held a...

Updated 20 Nov, 2024 09:17am

Editorials

The Finance Minister’s defence

EDITORIAL: Finance Minister Muhammad Aurangzeb during his press briefing on Sunday appreciated the efforts towards...

Published 19 Nov, 2024 06:53am

Macro-fiscal forecasts for budget: IMF asks govt to strengthen capacity of FD

Notes that current organisation of the Finance Division is relatively fragmented and presents an obstacle to achieving a more strategic approach to budgeting

Updated 16 Nov, 2024 09:08pm

Opinion

KP govt again seeks to participate in PIA bidding

In a seemingly unsavory development, the Khyber Pakhtunkhwa (KP) government has written another letter to Minister...

Published 15 Nov, 2024 06:20am

Opinion

No surprise in the surprise visit

The only surprise in the IMF team’s surprise visit to Pakistan this week was that it took the trouble to jolt the...

Updated 14 Nov, 2024 07:15am

CCP issues report on state of competition in power sector: Discos asked to strengthen MIRAD for better business planning

Report highlights significant presence and impact of state-owned enterprises on competition within the power sector

Updated 09 Nov, 2024 02:59pm

Govt will go for privatisation of PIA again: Aurangzeb

ISLAMABAD: Federal Minister for Finance Muhammad Aurangzeb, while admitting trust and credibility deficit with the...

Updated 09 Nov, 2024 07:11pm

Editorials

Facilitating FDI inflows

EDITORIAL: Shehbaz Sharif made a very valid point the other day about promotion of FDI (Foreign Direct Investment)...

Published 07 Nov, 2024 06:44am

PSFCL board, NDRMF: Two decisions of CCoSOEs overturned by Cabinet

ISLAMABAD: The Federal Cabinet has reportedly overturned two decisions of Cabinet Committee on State Owned...

Updated 06 Nov, 2024 09:09am

Transparency and accountability: Finance Division notifies SOEs Regulations

ISLAMABAD: The Finance Division notified State-Owned Enterprises (Audit Committee, Internal Control and Risk...

Updated 05 Nov, 2024 09:01am

Opinion

Privatisation and SBP

Heads should roll in the aftermath of the fiasco of the Thursday bidding of Pakistan International Airlines (PIA) as...

Published 04 Nov, 2024 03:29am

BoD for amending SMEDA Ordinance 2002

ISLAMABAD: The Board of Directors (BoD) of the Small and Medium Enterprises Development Authority (SMEDA) has...

Updated 02 Nov, 2024 09:05am

Editorials

Complexities of SOE reforms

EDITORIAL: Poorly performing state-owned enterprises (SOEs), wracked with chronic inefficiencies and ringing up...

Updated 26 Oct, 2024 07:42am

Reform package prioritises fiscal sustainability: IMF

Says projections are showing that Pakistan's economy will grow at 2.4 percent this year

Updated 26 Oct, 2024 09:33am

Business & Finance

Diversifying portfolio in Pakistan: Minister vows support to ITFC

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb assured his government’s full...

Published 25 Oct, 2024 06:28am

Business & Finance

Economic indicators highlighted

WASHINGTON DC: Federal Minister for Finance Muhammad Aurangzeb attended a roundtable with institutional investors...

Published 24 Oct, 2024 06:49am

Between FY16 and FY23: fiscal support to SOEs escalates to Rs5.7trn, says SBP

KARACHI: State-owned Enterprises (SOEs) in Pakistan are posing a significant challenge to the economy, having...

Updated 22 Oct, 2024 04:41pm

Macroeconomy: Structural challenges persist: SBP

KARACHI: The State Bank of Pakistan (SBP) has said that a host of structural impediments continue to pose challenges...

Updated 18 Oct, 2024 09:24am

Islamabad striving for 13.5pc tax-to-GDP ratio, US told

ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, Thursday, while reiterating the...

Updated 18 Oct, 2024 09:24am

Pakistan

SBP predicts 2.5-3.5% growth for FY25, warns of structural challenges

Inefficiencies in energy sector resulted in accumulation of circular debt, says central bank in annual report

Updated 17 Oct, 2024 10:51pm

Opinion

Electricity market stuck in limbo

Pakistan’s electricity sector reform has been a topic of discussion for over three decades, with the ambition to...

Published 17 Oct, 2024 06:34am

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

Editorials

Alternate dispute resolution committees

EDITORIAL: The Sindh High Court’s (SHC’s) directive to the Federal Board of Revenue (FBR) to withdraw all...

Published 13 Oct, 2024 06:46am

IMF told: Two Discos’ sell-off to wrap up by Jan-end

ISLAMABAD: The federal government has shared with the International Monetary Fund (IMF) that transactions of two...

Updated 12 Oct, 2024 09:47pm

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
Petrol/Litre / Dec 21	252.10
Karachi Cotton PKR/37.32 KG / Dec 21	17,585

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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