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finance minister

Pakistan's finance minister Miftah Ismail says he will formally resign from role

Miftah is the fifth finance minister to be replaced in less than four years as Pakistan's economy has witnessed persistent turbulence

Updated 26 Sep, 2022 12:51am

Banned items that landed till Aug 18th: ECC takes step to clear consignments stuck at ports

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet Wednesday directed that the consignments of...

Updated 22 Sep, 2022 09:33am

Business & Finance

Delay in opening of LCs irks RCCI

ISLAMABAD: The Rawalpindi Chamber of Commerce and Industry (RCCI) has expressed grave concerns over the delay in...

Published 20 Sep, 2022 07:51am

There will be no debt default despite floods, vows Miftah

ISLAMABAD: Pakistan will “absolutely not” default on debt obligations despite catastrophic floods, the finance...

Updated 19 Sep, 2022 12:07pm

Minister briefed about WB’s RISE-II, PACE-II programmes

ISLAMABAD: Federal Minister for Finance and Revenue Miftah Ismail held a meeting with Najy Benhassine, Country...

Updated 19 Sep, 2022 09:37am

Current value assessed at Rs1.951bn: Rs2bn previous valuation of SIH was reasonable, CCoP told

ISLAMABAD: The Ministry of Privatisation has informed the Cabinet Committee on Privatisation (CCoP) that the fresh...

Updated 16 Sep, 2022 09:53am

Opinion

PARTLY FACETIOUS: An extremely pliable appointee

“Appointing an acting head of an institution gives the appointer time to…to…” “Well our history shows ...

Published 15 Sep, 2022 05:57am

Tractor manufacturing: Imports of auto parts will be made easier: Miftah

LAHORE: Finance Minister Miftah Ismael has said the country’s economy is heading in the right direction due to...

Updated 13 Sep, 2022 09:52am

Rehabilitation, reconstruction: Businesses urged to supplement govt effort towards task

Federal Minister for Finance and Revenue Miftah Ismail says Rs 1,000 billion were needed to reconstruct the damaged roads

Updated 12 Sep, 2022 10:04am

Rs1.009bn to be transferred to Kabul for 3 Pakistani hospitals

ISLAMABAD: The government has allowed the transfer of Rs1.009 billion from Pakistan to Afghanistan through the...

Updated 09 Sep, 2022 09:28am

ECC allows TCP to import 0.3m tons of urea on G2G basis

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has allowed the Trading Corporation of Pakistan...

Updated 09 Sep, 2022 09:35am

Business & Finance

Valuation exercise for power plants: CCoP allows reengagement of FA

ISLAMABAD: The Cabinet Committee on Privatisation (CCoP) has allowed the reengagement of a financial advisor for the...

Published 08 Sep, 2022 06:41am

Concessional power to zero-rated sectors: Qamar wants to have a word with Miftah on ‘secret’ waiver

ISLAMABAD: Commerce Minister Syed Naveed Qamar has sought clarification from Finance Minister Dr Miftah Ismail on...

Updated 08 Sep, 2022 10:09am

High electricity production cost, line losses: Miftah rules out possibility of zero load-shedding

Says zero load-shedding in the country would increase the per unit cost of electricity to Rs60 per unit

Updated 08 Sep, 2022 10:15am

Editorials

Flood assistance and mitigating policies

EDITORIAL: The initial assessment of the massive devastation wreaked by the floods is estimated at 10 billion ...

Published 08 Sep, 2022 05:43am

Opinion

Understanding the IMF

The International Monetary Fund (IMF) made no mention of the devastating floods in Pakistan in its press release...

Published 05 Sep, 2022 06:04am

Investment proposal floated as Qatar declines deposit plea

Minister for Economic Affairs Ayaz Sadiq floats alternate proposal of investment of $2-3 billion

Updated 05 Sep, 2022 10:11am

Business & Finance

Cut in newspapers supply to govt depts: Miftah, APAFF team discuss decision

ISLAMABAD: A delegation of All Pakistan Akhbar Farosh Federation (APAFF) held a meeting with Federal Minister for...

Published 01 Sep, 2022 05:50am

Business & Finance

KCCI felicitates Miftah on revival of IMF programme

KARACHI: The Karachi Chamber of Commerce & Industry (KCCI) has highly appreciated and congratulated the Federal...

Published 31 Aug, 2022 07:27am

ECC decides to boost strategic reserves of wheat

Meeting of the ECC was put up a summary by the Ministry of Poverty Alleviation seeking Rs103 billion for disbursement of emergency cash assistance among flood-affected families across Pakistan

Updated 31 Aug, 2022 10:01am

IMF revives EFF amid nasty govt-PTI clatter

Pakistan will receive around $1.177 billion, which will bring total disbursements under the programme to about $4.2 billion

Updated 30 Aug, 2022 09:49am

Govt censures PTI for ‘acting against national interest’

ISLAMABAD: Finance Minister Miftah Ismail stated Monday that the government would consider duty-free import of...

Updated 30 Aug, 2022 09:34am

Tranche: PM congratulates Miftah over approval by IMF board

ISLAMABAD: Prime Minister Shehbaz Sharif has termed the restoration of the International Monetary Fund (IMF)...

Updated 30 Aug, 2022 09:33am

Govt likely to allow import of onion, tomato from ‘any source’

ISLAMABAD: The Federal Cabinet is likely to allow import of onions and tomatoes from “any source” for a brief period...

Updated 30 Aug, 2022 09:31am

Imran Khan asks Miftah to seek relief from IMF

JHELUM: Former prime minister and Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Saturday asked Finance...

Updated 28 Aug, 2022 09:20am

Coalition partners deplore KP govt’s move

ISLAMABAD: The ruling coalition partners on Friday deplored the Khyber Pakhtunkhwa government refusal to implement...

Updated 27 Aug, 2022 09:48am

FCA exemption to cause Rs21bn impact: Miftah

ISLAMABAD: The government would not charge FCA from electricity consumers using less than 200 units monthly after...

Updated 27 Aug, 2022 09:46am

Opinion

Turning around energy sector

In its 16th August edition, the Business Recorder reported that a 25-member body of experts suggested government...

Published 25 Aug, 2022 06:09am

Superannuation: govt mulling retaining ‘good’ officers

ISLAMABAD: The Federal Cabinet has constituted a committee headed by Minister for Law and Justice Azam Nazir Tarar ...

Updated 22 Aug, 2022 09:55am

Editorials

Need to keep remittances elevated

EDITORIAL: After the good news of imports dropping almost 40pc month-on-month in July comes the bad news of...

Published 21 Aug, 2022 05:16am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 17	278.30
USD PKR Interbank Buying / May 17	278.10
USD to Japanese Yen / May 17	155.67
USD to Swiss Franc / May 17	0.91
Pound Sterling to USD / May 17	1.27
Euro to USD / May 17	1.09

Stock	Volume
S&P 500 / May 17	5303.27
India Sensex / May 17	73917.03
Tokyo Nikkei / May 17	38787.38
Nasdaq / May 17	16685.97
Hang Seng / May 17	19535.61
FTSE 100 / May 17	8420.26
Dow Jones / May 17	40003.59
Germany DAX 30 / May 17	18704.42

Item	Value
Crude Oil USD/Barrel / May 17	79.59
Karachi Cotton PKR/37.32 KG / May 17	19935
Gold 10 Grams PKR / May 17	210562
Gold Spot USD/Ounce / May 17	2386.18
Cotton US¢/pound / May 17	76.29
Petrol/Litre / May 20	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 20 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 20 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 20 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 20 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 20 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 20 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 20 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 20 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 20 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 20 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 20 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 20 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 20 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 20 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 20 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 20 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 20 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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