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Published 16 Jun, 2024 02:40am

PM unveils his approach to economic austerity

ISLAMABAD: The government has to end lavish expenditure and the elite class is required to sacrifice for the sake of...

Salaried class contributes Rs375bn to kitty, says FBR chief

Published 16 Jun, 2024 02:40am

‘E-Office to provide better public services, ensure transparency’

Published 16 Jun, 2024 02:40am

Senate panel puts off major budgetary proposal

Published 16 Jun, 2024 02:40am

FCA for May: Rs3.41/unit +ve adjustment sought

Published 16 Jun, 2024 02:40am

Sindh CM demands a new NFC award

Published 16 Jun, 2024 02:40am

WB approves $150m for Punjab education project

Published 16 Jun, 2024 02:40am

Senate panel endorses phase-wise ST on local infant nutrition, milks

Published 16 Jun, 2024 02:40am

SRB extends last date for e-filing of tax returns

Published 16 Jun, 2024 02:40am

Pak-Tajik SPA likely during PM’s visit

Published 16 Jun, 2024 02:40am

One of two Japanese climbers missing in Pakistan found dead

Published 16 Jun, 2024 02:40am

Must Read

Editorials

Stopping Israel

Opinion

Navigating economic diplomacy-II

Editorials

The Neelum-Jhelum disaster

Opinion

The issue of trust deficit

Opinion

Budget FY25: a sure recipe for stagflation?

Business & Finance

Follow Business Recorder’s entire coverage of Budget 2024-25

Business & Finance

Budget 2024-25: income tax calculator for FY25

Business & Finance

Comments on Finance Bill 2024 25

Editorials

India-Pakistan ties – need for engagement

Opinion

Budget: an analysis

Opinion

A stagflationary federal budget

Calculate your monthly liability in FY24

Budget 2024-25: income tax calculator for FY25

The Neelum-Jhelum disaster

Indian vote body tells X to remove Modi party video targeting Muslims, opposition

NJLI Sarmaya Growth Fund Rates

Country’s first and one of world’s largest: 550MW floating solar energy project launched

FBR chief issues warning to businesses refusing credit, debit cards payments

Govt reduces petrol price by Rs10.2, HSD’s by Rs2.33 per litre

Key highlights of Budget 2024-25

Industrial sector: PM announces major power tariff cut

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 14	278.71
USD PKR Interbank Buying / Jun 14	278.51
USD to Japanese Yen / Jun 14	157.40
USD to Swiss Franc / Jun 14	0.89
Pound Sterling to USD / Jun 14	1.28
Euro to USD / Jun 14	1.07

Stock	Volume
S&P 500 / Jun 14	5,431.60
India Sensex / Jun 14	76,992.77
Tokyo Nikkei / Jun 14	38,814.56
Nasdaq / Jun 14	17,688.88
Hang Seng / Jun 14	17,941.78
FTSE 100 / Jun 14	8,146.86
Dow Jones / Jun 14	38,589.16
Germany DAX 30 / Jun 14	18,002.02

Item	Value
Crude Oil USD/Barrel / Jun 14	78.45
Karachi Cotton PKR/37.32 KG / Jun 14	19,935
Gold 10 Grams PKR / Jun 14	207,047
Gold Spot USD/Ounce / Jun 14	2,333.04
Cotton US¢/pound / Jun 14	72.14
Petrol/Litre / Jun 16	258.16

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 16 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 16 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 16 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 16 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 16 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 16 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 16 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 16 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 16 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 16 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 16 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 16 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 16 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 16 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 16 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 14	278.71
USD PKR Interbank Buying / Jun 14	278.51
USD to Japanese Yen / Jun 14	157.40
USD to Swiss Franc / Jun 14	0.89
Pound Sterling to USD / Jun 14	1.28
Euro to USD / Jun 14	1.07

Stock	Volume
S&P 500 / Jun 14	5,431.60
India Sensex / Jun 14	76,992.77
Tokyo Nikkei / Jun 14	38,814.56
Nasdaq / Jun 14	17,688.88
Hang Seng / Jun 14	17,941.78
FTSE 100 / Jun 14	8,146.86
Dow Jones / Jun 14	38,589.16
Germany DAX 30 / Jun 14	18,002.02

Item	Value
Crude Oil USD/Barrel / Jun 14	78.45
Karachi Cotton PKR/37.32 KG / Jun 14	19,935
Gold 10 Grams PKR / Jun 14	207,047
Gold Spot USD/Ounce / Jun 14	2,333.04
Cotton US¢/pound / Jun 14	72.14
Petrol/Litre / Jun 16	258.16

Budget 2024-25: income tax calculator for FY25

The Neelum-Jhelum disaster

Indian vote body tells X to remove Modi party video targeting Muslims, opposition

NJLI Sarmaya Growth Fund Rates

Country’s first and one of world’s largest: 550MW floating solar energy project launched

FBR chief issues warning to businesses refusing credit, debit cards payments

Govt reduces petrol price by Rs10.2, HSD’s by Rs2.33 per litre

Key highlights of Budget 2024-25

Industrial sector: PM announces major power tariff cut

Business & Finance

2024-06-16-01-29

Budget has disappointed people, business community: Mian Zahid

KARACHI: Chairman of National Business Group Pakistan and President Pakistan Businessmen and Intellectuals Forum ... Published 16 Jun, 2024 02:40am

BR Research

Localization of solar PV

The Federal Budget 2024-25 was much of a non-event for the power sector highlighted by the same repetitive...

Published 14 Jun, 2024 08:07am

2024-06-16-01-20

SECP takes cognizance of ‘dubious’ car scheme

ISLAMABAD: The Securities & Exchange Commission of Pakistan (SECP) has taken cognizance of an unincorporated... Published 16 Jun, 2024 02:40am

2024-06-15-03-29

FY2023-24: Punjab Pension Fund likely to earn net return of Rs31bn

LAHORE: The Punjab Pension Fund (PPF) is expected to earn a net return of Rs31 billion in FY 2023-24, and the assets... Published 15 Jun, 2024 06:57am

BR Research

Bunny’s Limited

Bunny’s Limited (PSX: BNL) was incorporated in Pakistan as a private limited company in 1980 and was later converted...

Published 14 Jun, 2024 08:01am

2024-06-16-01-15

TAGSM of China likely to make investment

LAHORE: In a significant development for Pakistan’s footwear industry, the Association of Guangdong Shoes... Published 16 Jun, 2024 02:40am

2024-06-15-02-48

First 11 months of FY 2023-24: Textile group exports up by around 1.41pc

ISLAMABAD: The country’s textile group exports increased by around 1.41 per cent during the first 11 months... Published 15 Jun, 2024 06:57am

2024-06-16-01-17

PALSP greets govt steps to revive steel industry

ISLAMABAD: The measures taken by the government in budget 2024-25 especially gradual reduction in tax exemptions... Published 16 Jun, 2024 02:40am

2024-06-16-01-15

KTBA assails FY25 federal budget

KARACHI: The federal budget 2024-25 came under heavy criticism at a seminar hosted by the Karachi Tax Bar ... Published 16 Jun, 2024 02:40am

2024-06-15-02-48

Weekly SPI inflation up 1.30pc

ISLAMABAD: The Sensitive Price Index-based inflation for the week ended June 13, 2024, increased by 1.30 per cent ... Published 15 Jun, 2024 06:57am

BR Research

Power sector: Reforming with subsidies

You have long been told the energy subsidy reforms are in full swing. There are talks of limiting energy sector...

Published 13 Jun, 2024 08:16am

BR Research

Too far gone!

The stability of the Pakistani economy—and ultimately its frequent collapses—hinges greatly on how subsequent...

Published 13 Jun, 2024 08:12am

BR Research

Pakistan Tobacco Company Limited

Pakistan Tobacco Company Limited (PSX: PAKT) was incorporated in Pakistan as a public limited company in 1947. The...

Published 13 Jun, 2024 08:06am

BR Research

Wither agri-growth multiplier?

‘achi kari sarkar ne, buri kari qudrat ne’ (translation: all that’s good is thanks to the State, all that’s bad, is...

Updated 12 Jun, 2024 10:03am

Pakistan

2024-06-16-01-21

Alkhidmat Foundation chief to celebrate Eid with Gaza refugees

LAHORE: Alkhidmat Foundation Pakistan President, Dr. Hafeezur Rehman, embarks on a compassionate mission to Cairo,... Published 16 Jun, 2024 02:40am

2024-06-16-01-21

Conservation project initiated for Bahi Karam Singh Gurudwara

LAHORE: The Walled City Lahore Authority (WCLA) in partnership with the Evacuee Trust Property Board (ETPB) has... Published 16 Jun, 2024 02:40am

2024-06-16-01-21

PWD: Pirzada chairs meeting on transition plan

ISLAMABAD: Upon directives of Prime Minister of Pakistan, Mian Riaz Hussain Pirzada, Federal Minister for Housing ... Published 16 Jun, 2024 02:40am

2024-06-16-01-21

Bar councils’ apex body meets CM: Lawyers’ welfare grant increased to Rs1bn

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif during a meeting with a delegation of apex Bodies of Bar Councils... Published 16 Jun, 2024 02:40am

2024-06-16-01-15

Mayor vows support to PFL’s programmes

KARACHI: Mayor Karachi Barrister Murtaza Wahab chaired a meeting at his office with Pakistan Football League (PFL)... Published 16 Jun, 2024 02:40am

2024-06-16-01-20

Air Ambulance Service: meeting held

LAHORE: Provincial Health Ministers Khawaja Salman Rafique and Khawaja Imran Nazir chaired an important meeting in... Published 16 Jun, 2024 02:40am

World

Palestinians say Israeli troops kill teen in West Bank raid

RAMALLAH: The Palestinian health ministry said Israeli troops shot dead a Palestinian teenager in the occupied West... Published 15 Jun, 2024 10:57pm

Harris announces over $1.5bn more US energy, humanitarian aid for Ukraine

WASHINGTON: US Vice President Kamala Harris announced on Saturday more than $1.5 billion in new aid for Ukraine,... Updated 15 Jun, 2024 06:55pm

Europe

Iran, Sweden free prisoners in Oman-mediated swap

TEHRAN: Iran and Sweden announced on Saturday a prisoner exchange that saw a former Iranian official jailed in... Published 15 Jun, 2024 06:41pm

Europe

Germany’s Scholz: Putin’s peace proposals aren’t serious

BERLIN: Leaders of the Group of Seven leading western industrial economies did not discuss Russian President... Published 15 Jun, 2024 12:12pm

South Asia

Sri Lanka’s economic recovery strengthens in first quarter

COLOMBO: Sri Lanka’s economy grew 5.3% year-on-year in the first three months of 2024, official data showed on... Published 14 Jun, 2024 05:34pm

Editorials

Stopping Israel

EDITORIAL: So, Israel continues to hit civilian targets in central Gaza – like schools and residential areas with...

Chaman under focus

EDITORIAL: Luckily, the situation in the Chaman border town has returned to normal. Hundreds of people had been...

The Neelum-Jhelum disaster

EDITORIAL: So, it turns out that the “crown jewel” 969-megawatt Neelum-Jhelum Hydropower Project (NJHPP), which...

TTP: growing belligerence

EDITORIAL: As the security forces carry out intelligence-based counter terrorism operations in the tribal districts...

India-Pakistan ties – need for engagement

EDITORIAL: If one was hoping for a potential thaw in relations between India and Pakistan following the BJP’s...

Opinion

Navigating economic diplomacy-II

Dr Muhammad Iqbal

Some scholars argue that investment treaties were signed by developing countries not because they expected any...

The issue of trust deficit

Farhat Ali

Amidst protests by the opposition, Finance Minister Muhammad Aurangzeb rolled out with relative calm the national...

Are pitches to blame?

Zia Ul Islam Zuberi

The most popular slogan during the recent India-Pakistan match in the T20 World Cup was “The biggest blockbuster ...

Budget FY25: a sure recipe for stagflation?

Syed Shabbar Zaidi & Co

The Federal Budget 2024-2025, in our opinion, is a simple recipe for stagflation: persistent high inflation combined...

Budget: an analysis

Huzaima Bukhari | Dr Ikramul Haq | Abdul Rauf Shakoori

Flanked by the Deputy Prime Minister, Muhammad Ishaq Dar, once hailed as the PM-N’s (Pakistan Muslim...

Perspectives

Pakistan’s salaried group is rightly anxious ahead of the budget

Bilal Memon

Having contributed nearly Rs330 billion in 11 months of outgoing fiscal year, reports suggest there is even higher taxation on the cards

The budget is around the corner, but there is no expectation of ‘out-of-box’ solutions

Bilal Hussain

Analysts and followers expect govt to tax the groups that are already contributing with little to no hope on a widening tax net

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