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finance minister

Miftah again explains why import ban was lifted

ISLAMABAD: Finance Minister Miftah Ismail, Saturday, stated that to comply with international obligations, the...

Updated 21 Aug, 2022 09:19am

Business & Finance

Further hike in POL products prices: KATI chief slams Miftah’s statement

KARACHI: President of Korangi Association of Trade and Industry (KATI) Salman Aslam expressed his concern over...

Published 19 Aug, 2022 08:15am

Import ban on luxury items lifted

A ‘mini-budget’ unveiled ahead of IMF board meeting
Henceforth, luxury goods to be heavily taxed
Govt imposes further tax of Rs36bn on tobacco industry, 5pc sales tax & 7.5pc income tax on small retailers

Updated 19 Aug, 2022 09:25am

Export boost: Miftah assures Aptma all-out support

ISLAMABAD: Finance Minister Miftah Ismail Thursday stated that the government’s foremost priority is to promote ...

Updated 19 Aug, 2022 09:45am

Govt takes step to spur forex inflows thru export boost

Finance Minister Miftah Ismail says there will be no tax on companies exporting at least 10pc of their products

Updated 18 Aug, 2022 09:45am

Miftah says takes ownership of ‘all’ difficult decisions

ISLAMABAD: Finance Minister Miftah Ismail Tuesday said he takes ownership of all the difficult decisions taken by...

Updated 17 Aug, 2022 09:34am

Minister floats 4-point autarky formula

ISLAMABAD: Finance Minister Miftah Ismail has proposed four-point formula – investing in education, reducing...

Updated 17 Aug, 2022 09:39am

Business & Finance

SBP agrees to release containers stuck at ports: KCCI

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Muhammad Idrees has informed that the State ...

Published 17 Aug, 2022 06:07am

Business & Finance

NFML imported stock: Dealer transfer price raised to Rs2,150 per bag

Dealers’ margin increased to Rs50 per bag

Updated 13 Aug, 2022 09:44am

Rs50bn loan from consortium of banks: ECC decides to issue letter of comfort to PSO

Financing sought on urgent basis to fulfil international, domestic payment obligations

Updated 12 Aug, 2022 09:09am

Markets

Miftah directs immediate meeting to consider SOEs declaring 'healthy dividends'

PSX hosts meeting with finance minister, who sets up three committees to coordinate on issues including interest rates, taxation, review of listings of DFIs among others

Updated 10 Aug, 2022 09:41am

Market sentiment characterised by relative calm

KARACHI: Some sense of calm prevailed through the markets during the previous week, with the rupee registering a...

Updated 08 Aug, 2022 10:24am

Country a net importer, says Miftah somberly

KARACHI: Federal Minister for Finance and Revenue Miftah Ismail has said that the federal government had made tough...

Updated 07 Aug, 2022 01:12pm

ECC approves Rs5bn TSG for NDMA

ISLAMABAD: A special meeting of the Economic Coordination Committee (ECC) of the Cabinet, Saturday, approved Rs5...

Updated 07 Aug, 2022 01:13pm

Fixed tax regime: Decision deferred for a year: Miftah

ISLAMABAD: The government has decided to reverse the decision of the fixed tax regime on electricity bills for a...

Updated 05 Aug, 2022 11:14am

Bringing HNWIs into tax net: NADRA provides 3,500 updated profiles of non-filers to FBR

ISLAMABAD: The National Database and Registration Authority (Nadra) Wednesday provided revised samples of 3,000 to...

Updated 04 Aug, 2022 10:21am

Mobile broadband services: 2,100 MHz band to be auctioned

ISLAMABAD: The meeting of the Spectrum Auction Advisory Committee has unanimously decided to go for auction for ...

Updated 04 Aug, 2022 09:53am

Editorials

The challenge of rising inflation

EDITORIAL: Pakistan Bureau of Statistics (PBS) data on the July Consumer Price Index (CPI) of 24.9 percent...

Published 03 Aug, 2022 05:56am

Miftah meets small traders: Govt likely to review ‘fixed tax’ imposition decision

ISLAMABAD: Finance Minister Miftah Ismail, Tuesday, assured the Chambers of Small Traders and Small Industry (CSTSI)...

Updated 03 Aug, 2022 10:02am

Business & Finance

Refunds, ‘fixed tax’ on power bills: Miftah tries to soothe small traders’ concerns

ISLAMABAD: A delegation of Chambers of Small Traders and Small Industry (CSTSI) has informed Finance Minister Miftah...

Published 02 Aug, 2022 06:31am

Business & Finance

Electricity bills: Traders protest against imposition of ‘fixed tax’

ISLAMABAD: Traders Monday warned the government of a country-wide shutter-down strike on August 17, if the issue of...

Updated 02 Aug, 2022 10:17am

Pakistan

Pakistan is absolutely going to make each and every payment: Miftah Ismail

Finance minister says everything is 'settled now', a statement that comes in backdrop of massive rupee depreciation and concerns over Pakistan's falling foreign exchange reserves

Updated 01 Aug, 2022 07:32pm

Opinion

The rupee slide

The blame game as to which factor is more predominant in the erosion of the rupee is continuing. The Pakistan...

Published 01 Aug, 2022 06:51am

July import ebb to help arrest PKR slide: Miftah

Says that the Pakistani rupee, which has taken a beating against the US dollar in recent weeks, should see some improvement in 'two weeks'

Updated 01 Aug, 2022 09:50am

Import of wheat approved: ECC lifts import ban on all items except CBUs, home appliances

Gives approval for an increase in petroleum dealers margin by Rs7 per litre both on petrol and diesel from Rs4.90 per litre and Rs4.13 per litre

Updated 29 Jul, 2022 09:42am

Opinion

Forex market turmoil and possibility of default

On 18th July 22, the country witnessed an unprecedented turmoil in the forex market. Dashing all expectations of...

Published 27 Jul, 2022 05:23am

Financial crunch: KE demands clearance of TDC net difference

Company tells government that it has reached alarming and unsustainable level of bank borrowings

Updated 22 Jul, 2022 09:14am

Demand for dollar to ebb: Miftah

Says exchange rate situation will reverse

Updated 22 Jul, 2022 09:05am

Opinion

Islamic banking and finance

According to media reports, Finance Minister Miftah Ismail has desired for arranging a meeting between religious...

Published 21 Jul, 2022 05:40am

ECC allows TCP to import 0.3m tonnes of wheat

Committee approves lowest bid for wheat import

Updated 21 Jul, 2022 09:27am

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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