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budget

German govt to agree budget fixes as way out of crisis

BERLIN: Germany’s ruling coalition was expected to agree a supplementary budget on Monday that will temporarily...

Published 28 Nov, 2023 04:57am

Business & Finance

Germany freezes new spending commitments as budget woes deepen

BERLIN: The German government has imposed a freeze on most new spending commitments in what officials on Tuesday ...

Published 22 Nov, 2023 05:48am

Business & Finance

German court blows 60-bn-euro hole in budget with debt ruling

FRANKFURT: Germany’s top court wiped 60 billion euros from a climate fund Wednesday as it decided the government...

Published 16 Nov, 2023 05:39am

Punjab and KPK budgets: Fresh approvals constitute violation of Constitution: PPP

ISLAMABAD: Former Senate Chairman Raza Rabbani Tuesday said the fresh budget approvals accorded by the caretaker...

Updated 01 Nov, 2023 09:56am

Pakistan

Punjab unveils Rs2trn budget for four months

LAHORE: The caretaker Punjab government on Monday presented Rs 2076.2 billion four-month (November, December 2023...

Updated 31 Oct, 2023 09:31am

KP govt approves another 4-month budget estimate

PESHAWAR: The provincial cabinet of Khyber Pakhtunkhwa approved another budget estimate of Rs529 billion for the...

Updated 27 Oct, 2023 09:26am

World

Indonesian president tables $216bn budget for 2024

JAKARTA: Indonesian President Joko Widodo proposed a budget of 3,304.1 trillion rupiah ($216.24 billion) on...

Published 16 Aug, 2023 02:34pm

Editorials

Why the budget was changed

EDITORIAL: Finance Minister Ishaq Dar stated the obvious during his briefing to the National Assembly Standing...

Published 09 Aug, 2023 05:33am

Dar explains what actually led to changes in budget

Says for securing an agreement with the IMF, the government had to impose new taxes

Updated 05 Aug, 2023 03:06pm

Pakistan

CDA approves annual budget

ISLAMABAD: The Capital Development Authority (CDA), on Tuesday, approved the budget for the financial year 2023-24...

Published 05 Jul, 2023 06:00am

Opinion

Flawed budgetary measures

Pakistan’s prevailing outlook paints a grim picture of a state in deep trouble. In view of perpetual political...

Updated 02 Jul, 2023 10:36am

Dar says 9th IMF review ‘will be done’

The programme expires on June 30

Updated 28 Jun, 2023 08:58am

IMF says govt has taken ‘decisive’ steps

ISLAMABAD: The International Monetary Fund (IMF) continues discussions with Pakistani authorities with the aim of...

Updated 28 Jun, 2023 09:01am

Editorials

Revised budget: a detailed anatomy

EDITORIAL: Federal budget 2023-24 was passed by the National Assembly on Sunday without any meaningful discussion on...

Published 27 Jun, 2023 06:15am

Business & Finance

Budget 2023-24: ‘high earners’ to pay a higher income tax as govt revises rates

Budget proposals originally maintained income tax rates before govt amended the Finance Bill

Updated 26 Jun, 2023 06:40pm

Business & Finance

‘Plan B’: Govt urged to take nation into confidence

KARACHI: Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, Mian...

Published 26 Jun, 2023 07:56am

Pakistan

Balochistan CM asks secretaries to attend budget meeting

QUETTA: Balochistan Chief Minister Mir Abdul Quddus Bizenjo on Sunday directed all provincial departments’...

Published 26 Jun, 2023 07:17am

Pakistan

Punjab Governor praises budget

LAHORE: Punjab Governor Muhammad Balighur Rehman said on Saturday that the government has presented people-friendly...

Published 25 Jun, 2023 02:57am

Markets

Pakistan will look to impose Rs215bn additional taxes after IMF talks: Dar

Finance minister says 'we have ensured impact of these taxes will not be passed to downtrodden' in address to wind up Federal Budget 2023-24 debate in National Assembly

Updated 25 Jun, 2023 09:00pm

Editorials

Punjab, Balochistan: a tale of two budgets

EDITORIAL: The budgets of the two provinces announced on Monday 19 June reflect the expected duration of the...

Published 24 Jun, 2023 06:02am

ECC approves Rs250bn to adjust excessive spending by provinces

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved Rs250 billion to adjust excessive...

Updated 24 Jun, 2023 08:55am

Opinion

FY23: a very bad year for economy

The Economic Survey of Pakistan (2022-23), released by the Ministry of Finance (MoF), as per tradition a day before...

Published 23 Jun, 2023 06:00am

Sindh flood-hit areas: Dar holds out assurance to apprehensive PPP

ISLAMABAD: After Pakistan Peoples Party (PPP) warned not to vote on the budget if funds were not allocated for 2022...

Updated 23 Jun, 2023 08:50am

TMA says textile sector ‘completely’ ignored in budget

KARACHI: The Senior Vice Chairman of the Towel Manufacturers Association of Pakistan Syed Usman Ali has expressed...

Updated 23 Jun, 2023 08:50am

Pakistan

Flood relief: PPP leaders say they’re in talks with coalition partners

ISLAMABAD: Pakistan People’s Party (PPP) said that since the federal budget was announced almost two weeks ago, ...

Published 22 Jun, 2023 05:45am

Editorials

Business & Finance

Traders hail Punjab caretaker CM for presenting ‘tax-free budget’

LAHORE: The caretaker Punjab Chief Minister Mohsin Naqvi in a meeting with the delegation of traders; reiterated his...

Published 21 Jun, 2023 05:21am

Business & Finance

Khyber Pakhtunkhwa caretaker govt presents budget for four months

Rs462.16 billion has been set aside for expenses and Rs112 billion for development

Updated 20 Jun, 2023 07:30pm

Gainers
Losers
Leaders

Stock	Price
F. Nat.Equities / Dec 5 First National Equities Limited(FNEL)	6.28 ▲ 1.00 (18.94%)
First Elite Cap.Mod / Dec 5 First Elite Capital Modaraba(FECM)	3.25 ▲ 0.50 (18.18%)
Universal Ins. / Dec 5 The Universal Insurance Company Limited(UVIC)	7.15 ▲ 1.00 (16.26%)
Aisha Steel(ConPS) / Dec 5 Aisha Steel(ConPS)(ASLPS)	8 ▲ 0.85 (11.89%)
P.T.C.L. / Dec 5 Pakistan Telecommunication Company Ltd(PTC)	7.93 ▲ 0.76 (10.60%)
HBL Invest Fund / Dec 5 HBL Investment Fund(HIFA)	3.43 ▲ 0.31 (9.94%)
Trust Sec.& Brok. / Dec 5 Trust Securities & Brokerage Limited(TSBL)	11 ▲ 0.94 (9.34%)
Waves Home Appliances / Dec 5 Waves Home Appliances Limited(WHALE)	8.75 ▲ 0.72 (8.97%)
Jubilee Spinning / Dec 5 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	6.94 ▲ 0.54 (8.44%)
Al-Shaheer Corp / Dec 5 Al Shaheer Corporation Limited(ASC)	9.90 ▲ 0.77 (8.43%)

Stock	Price
Asim Textile / Dec 5 Asim Textile Mills Limited(ASTM)	12.70 ▼ -1.03 (-7.50%)
Universal Network (GEM) / Dec 5 Universal Network Systems Limited (GEM)(GEMUNSL)	28.23 ▼ -2.29 (-7.50%)
MithchellsFruit / Dec 5 Mitchells Fruit Farms Limited(MFFL)	243.94 ▼ -19.78 (-7.50%)
Pak Suzuki / Dec 5 Pak Suzuki Motor Company Limited(PSMC)	504.39 ▼ -40.90 (-7.50%)
Janana D Mal / Dec 5 Janana De Malucho Textile Mills Limited(JDMT)	63.82 ▼ -5.17 (-7.49%)
Reliance Ins. / Dec 5 Reliance Insurance Company Limited(RICL)	8.80 ▼ -0.70 (-7.37%)
Pak Gulf Leasing / Dec 5 Pak-Gulf Leasing Company Limited(PGLC)	7.18 ▼ -0.57 (-7.35%)
JS Investments / Dec 5 JS Investments Limited(JSIL)	16.02 ▼ -1.23 (-7.13%)
Masood Textile / Dec 5 Masood Textile Mills Limited(MSOT)	50.20 ▼ -3.80 (-7.04%)
AEL Textile / Dec 5 AEL Textile Limited(AEL)	20 ▼ -1.50 (-6.98%)

Stock	Volume
WorldCall Telecom / Dec 5 Worldcall Telecom Limited(WTL)	57,056,586 ▲ 0.04
Maple Leaf Cement / Dec 5 Maple Leaf Cement Factory Limited(MLCF)	43,072,746 ▼ -0.61
Fauji Cement / Dec 5 Fauji Cement Company Limited(FCCL)	41,923,500 ▲ 1.29
Pak Elektron / Dec 5 Pak Elektron Limited(PAEL)	39,797,114 ▲ 0.07
Fauji Fert Bin / Dec 5 Fauji Fertilizer Bin Qasim Limited(FFBL)	27,568,000 ▲ 0.14
Oil & Gas Dev. / Dec 5 Oil & Gas Development Company Limited(OGDC)	23,778,132 ▲ 5.13
Pak Petroleum / Dec 5 Pakistan Petroleum Limited(PPL)	23,491,106 ▲ 5.48
Pak Refinery / Dec 5 Pakistan Refinery Limited(PRL)	22,637,629 ▲ 0.38
Hum Network / Dec 5 Hum Network Limited(HUMNL)	22,004,000 ▲ 0.06
P.T.C.L. / Dec 5 Pakistan Telecommunication Company Ltd(PTC)	21,755,000 ▲ 0.76

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 4	284.75
USD PKR Interbank Buying / Dec 4	284.55
USD to Japanese Yen / Dec 4	147.21
USD to Swiss Franc / Dec 4	0.87
Pound Sterling to USD / Dec 4	1.26
Euro to USD / Dec 4	1.08
UK LIBOR % / Dec 1	5.46

Stock	Volume
S&P 500 / Dec 4	4569.78
India Sensex / Dec 4	68865.12
Tokyo Nikkei / Dec 4	33231.27
Nasdaq / Dec 4	14185.50
Hang Seng / Dec 4	16646.05
FTSE 100 / Dec 4	7512.96
Dow Jones / Dec 4	36204.44
Germany DAX 30 / Dec 4	16404.76
France CAC40 / Dec 4	7332.59

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 1	17235
Crude Oil USD/Barrel / Dec 4	73.31
Gold 10 Grams PKR / Dec 4	191701
Gold Spot USD/Ounce / Dec 4	2029.96
Cotton US¢/pound / Dec 4	78.68

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