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Business & Finance Updated 15 Jun, 2021 07:53pm

FBR says 'no new tax' on salaried class, disagreement follows

  • Budget proposal to tax medical allowances comes under fire
  • Tax authority says withdrawing tax exemption and reduced rates should not be confused with imposition of new taxes
  • Issues response to report that said salaried class has been taxed
FBR says 'no new tax' on salaried class, disagreement follows
Currency Rate
USD PKR Interbank Selling / Jun 14
156.20
USD PKR Interbank Buying / Jun 14
156.10
USD to Japanese Yen / Jun 14
110.05
USD to Swiss Franc / Jun 14
0.90
Pound Sterling to USD / Jun 14
1.41
Euro to USD / Jun 14
1.21
UK LIBOR % / Jun 14
0.06
Stock Volume
S&P 500 / Jun 14
4255.15
India Sensex / Jun 14
52551.53
Tokyo Nikkei / Jun 14
29161.80
Nasdaq / Jun 14
14174.14
Hang Seng / Jun 14
28842.13
FTSE 100 / Jun 14
7146.68
Dow Jones / Jun 14
34393.75
Germany DAX 30 / Jun 14
15673.64
France CAC40 / Jun 14
6616.35
Item Value
Crude Oil / Jun 14
71.00
Karachi Cotton Assoc. / Jun 14
12300.00
Gold 10 Grams / Jun 14
89163.00
Gold Spot / Jun 14
1868.50
Cotton / Jun 14
86.13

Business & Finance

Copper hits 7-week low as funds, traders cut long positions
Commodities

Copper hits 7-week low as funds, traders cut long positions

  • "The next leg of the rally will be led by the physical market around the third quarter when the whole supply chain has used up its stocks."
  • Aluminium was down 1.8% at $2,449.50 a tonne, zinc fell 1.4% to $3,002, lead slipped 1.2% to $2,185, tin dropped 1.4% to $31,217 and nickel ceded 2.9% to $17,938.
Published 15 Jun, 2021 09:03pm
Energy

Oil trades at multi-year highs on demand expectations

  • Vitol CEO sees oil price around $70-$80/bbl this year.
  • Trafigura CEO says good chance oil gets to $100/bbl.
  • POLL-US crude inventories seen falling for 4th week in a row.
  • Coming Up: API data on US crude stocks at 4:30 p.m. ET.
Published 15 Jun, 2021 09:01pm
Stocks

TSX hits record high on energy boost

  • The energy sector climbed 1% tracking crude prices, which were buoyed by expectations that demand will recover rapidly in the second half of 2021.
  • Toronto Stock Exchange's S&P/TSX composite index was up 77.55 points, or 0.38%, at 20,235.2, an all-time high.
Published 15 Jun, 2021 08:57pm

BR Research

BR Research

Vaccine roll-out snapshot

Despite a feeble start to the vaccine roll-out, over the past two months, the Covid-19 vaccination program has taken...
Published 15 Jun, 2021 07:40am
BR Research

High hopes for PSDP

One of the highlights of the FY22 federal budget is the massive hike in the federal Public Sector Development ...
Published 14 Jun, 2021 07:30am

Pakistan

Sindh announces Rs1.48 trillion budget for FY22

  • Chief Minister Syed Murad Ali Shah, who also holds portfolio of finance minister, starts budget speech amid ruckus from opposition
  • Says provincial govt aims to create over 2,500 jobs in upcoming fiscal year
Updated 15 Jun, 2021 05:39pm

Latest

World

Iran says it produced 6.5kg of uranium enriched to 60pc

Iran says it produced 6.5kg of uranium enriched to 60pc
  • Iran said in April it would begin enriching uranium to 60% purity, a move that would take the uranium much closer to the 90% suitable for a nuclear bomb,
  • Under parliament's law..., the Atomic Energy Organization was supposed to produce 120 kg of 20 percent enriched uranium in a year.
Updated 15 Jun, 2021 06:40pm

World

South Asia

Iran says it produced 6.5kg of uranium enriched to 60pc

  • Iran said in April it would begin enriching uranium to 60% purity, a move that would take the uranium much closer to the 90% suitable for a nuclear bomb,
  • Under parliament's law..., the Atomic Energy Organization was supposed to produce 120 kg of 20 percent enriched uranium in a year.
Updated 15 Jun, 2021 06:40pm
Nationwide power shortfall

Nationwide power shortfall

EDITORIAL: Whatever the real reasons for the nationwide power distribution/generation bottlenecks and however much...
A word of caution

A word of caution

EDITORIAL: The State Bank of Pakistan (SBP) in its recently published second quarterly report has commended the...

'Run, hit, slap'

This is apropos a Business Recorder op-ed "Run, hit, slap" carried by the newspaper yesterday. The writer, Andleeb...