Topic

budget 2023 24

SAU approves estimated budget for 2023-24

Published 31 Dec, 2023 03:04am

HYDERABAD: SAU Senate approved the estimated budget for the financial year 2023-24. The annual performance report...

PCB’s Management body approves budget 2023-24

Published 28 Aug, 2023 06:27am

LAHORE: Pakistan Cricket Board (PCB)’s Management Committee which met on Sunday with Zaka Ashraf in the chair...

Dar explains what actually led to changes in budget

Updated 05 Aug, 2023 03:06pm

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

PML-N, if voted to power, will distribute 1m laptops across country annually: PM

Published 27 Jul, 2023 06:26am

KARACHI: Prime Minister Shehbaz Sharif on Wednesday said that if given a mandate in next general elections, his next...

The ‘begging bowl’ challenge

Published 27 Jul, 2023 06:26am

EDITORIAL: Prime Minister Shehbaz Sharif pledged to break the “begging bowl” by curtailing government expenses...

Tax proposals by the IMF

Updated 25 Jul, 2023 06:49am

EDITORIAL: The $3 billion nine-month-long Stand-By Arrangement (SBA) approved by the International Monetary Fund...

ICCI urges govt to engage with real estate industry to resolve tax issues

Published 23 Jul, 2023 03:25am

ISLAMABAD: The Islamabad Chamber of Commerce and Industry (ICCI) has urged federal government to engage with real...

Finance bill: Bureaucracy can devise ‘zero tax’ regime

Updated 21 Jul, 2023 09:48am

Senate Standing Committee on Finance holds meeting under chairmanship of Senator Saleem Mandviwalla

Base power tariff hike: PD yet to secure cabinet’s nod

Updated 18 Jul, 2023 09:38am

ISLAMABAD: The Power Division has reportedly not yet secured the federal cabinet’s nod for an increase in the base...

IMF SBA, finally

Published 14 Jul, 2023 06:38am

EDITORIAL: The International Monetary Fund (IMF) board approved the 3 billion dollar Stand-By Arrangement (SBA) to...

PSDP: FD yet to notify strategy for release of funds

Updated 14 Jul, 2023 10:00am

ISLAMABAD: Finance Division is yet to notify strategy for release of funds with regard to PSDP, interest payment,...

Steps to broaden tax base: FY24 budget advances primary surplus of 0.4pc of GDP: IMF

Updated 14 Jul, 2023 09:27am

ISLAMABAD: The fiscal year 2024 budget advances a primary surplus of around 0.4 percent of GDP by taking some steps...

Tax targets versus tax gap—I

Updated 14 Jul, 2023 06:47am

“…the FBR’s revenue target has been increased to Rs 9,415 billion, requiring a 31% increase over collection of...

Ministries, Divisions: Direct payment through SBP linked to prior approval

Updated 13 Jul, 2023 09:32am

ISLAMABAD: Finance Division has barred all Ministries/ Divisions from direct payment through State Bank of Pakistan...

Inward flows of dollars to create breathing space: ministry

Updated 12 Jul, 2023 08:51am

ISLAMABAD: The Ministry of Industries and Production (MoI&P) Tuesday said it is still clueless about lifting of...

Fitch upgrades rating on improved external liquidity

Updated 11 Jul, 2023 09:02am

ISLAMABAD: Fitch Ratings has upgraded Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to “CCC”...

IMF’s approach is a bit out of the ordinary

Published 11 Jul, 2023 06:08am

EDITORIAL: The much hyped attempt by the International Monetary Fund (IMF) team to seek a consensus on the ...

Restaurants/eateries: Credit/debit card payments allowed at reduced 5pc ST

Updated 10 Jul, 2023 08:57am

ISLAMABAD: The government has taken a significant documentation measure by allowing credit/debt card payments at a...

Fiscal imbalance

Published 10 Jul, 2023 06:52am

EDITORIAL: The gap between the boom-and-bust cycle is contracting in Pakistan, indicated by the staff-level ...

‘Charter of economy’ - an exercise in futility

Published 08 Jul, 2023 06:20am

Calls for delineating a ‘charter of economy’ have become a trend in Pakistan. The leaderships of almost all...

Retrospective tax on windfall income discourages corporatization—I

Updated 07 Jul, 2023 06:10am

A new Section 99D has been introduced in the Income Tax Ordinance 2001 (“ITO”) through the Finance Act 2023...

Recurrent budget: Finance unveils strategy for release of funds

Published 07 Jul, 2023 05:24am

ISLAMABAD: The Ministry of Finance on Thursday unveiled the strategy for the release of funds for the recurrent...

LCCI holds seminar on federal budget 2023-24

Published 07 Jul, 2023 05:24am

LAHORE: The Lahore Chamber of Commerce & Industry (LCCI) held a significant seminar titled “Post Budget ...

Development projects: Finance unveils strategy on release of funds

Updated 07 Jul, 2023 09:02am

ISLAMABAD: The Ministry of Finance on Thursday unveiled the strategy for the release of funds for the development...

Super tax and tax on bonus: misinterpretation of basic accounting–II

Updated 06 Jul, 2023 06:24am

Now, if the rationale, intention and equitability have to prevail, the following will be the answer: the tax super...

FBR to ‘sell’ excise rules, general orders, departmental rulings to public

Updated 06 Jul, 2023 08:39am

ISLAMABAD: The Federal Board of Revenue (FBR) will “sell” federal excise rules, general orders and departmental...

Super tax and tax on bonus: misinterpretation of basic accounting—I

Published 05 Jul, 2023 06:00am

In the Finance Act 2023 many amendments have been proposed. This article is restricted to two important measures...

Rate of advance income tax for commercial importers hiked

Updated 05 Jul, 2023 08:55am

KARACHI: The government has increased the rate of advance income tax for commercial importers from 5.5% to 6%....

Inflation down MoM

Published 05 Jul, 2023 06:00am

EDITORIAL: Consumer Price Index (CPI) for June dropped by 8.6 percentage points compared to the month before – ...

Sale and purchase of immovable properties: FBR implements revised rates of withholding tax

Updated 05 Jul, 2023 08:53am

ISLAMABAD: The Federal Board of Revenue (FBR) from July 1, 2023, implemented upward revised rates of withholding...

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 24	278.07
USD PKR Interbank Buying / Jul 24	277.87
USD to Japanese Yen / Jul 24	163.83
USD to Swiss Franc / Jul 24	0.82
Pound Sterling to USD / Jul 24	1.33
Euro to USD / Jul 24	1.14
SOFR % / Jul 24	3.57

Stock	Volume
S&P 500 / Jul 24	7,411.98
India Sensex / Jul 24	76,059.77
Tokyo Nikkei / Jul 24	64,611.15
Nasdaq / Jul 24	24,975.82
Hang Seng / Jul 24	24,963.23
FTSE 100 / Jul 24	10,736.23
Dow Jones / Jul 24	51,947.25
Germany DAX 30 / Jul 24	25,099
France CAC40 / Jul 24	8,372.28

Item	Value
Crude Oil USD/Barrel / Jul 24	89.31
Karachi Cotton PKR/37.32 KG / Jul 24	18,680
Gold 10 Grams PKR / Jul 24	366,457
Gold Spot USD/Ounce / Jul 24	4,052.79
Cotton US¢/pound / Jul 24	79.98
Petrol/Litre / Jul 25	335.18
Diesel/Litre / Jul 25	383.46

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Jul 24 Media Times Limited(MDTL)	6.38 ▲ 1 (18.59%)
First Punjab Modaraba / Jul 24 First Punjab Modaraba(FPJM)	10.44 ▲ 0.97 (10.24%)
First Fid. Leasing / Jul 24 First Fidelity Leasing Modaraba(FFLM)	14.92 ▲ 1.36 (10.03%)
First IBL Mod. / Jul 24 First IBL Modaraba(FIBLM)	15.15 ▲ 1.38 (10.02%)
Metro Steel / Jul 24 Metropolitan Steel Corporation Limited(MSCL)	22.41 ▲ 2.04 (10.01%)
UDL International / Jul 24 UDL International Limited(UDLI)	21.77 ▲ 1.98 (10.01%)
Asia Ins. / Jul 24 Asia Insurance Company Limited(ASIC)	54.95 ▲ 5 (10.01%)
Olympia Mills / Jul 24 Olympia Mills Limited(OML)	173.26 ▲ 15.75 (10%)
Fateh Sports / Jul 24 Fateh Sports Wear Limited(FSWL)	172.68 ▲ 15.7 (10%)
Ashfaq Textile / Jul 24 Ashfaq Textile Mills Limited(ASHT)	31.49 ▲ 2.86 (9.99%)

Stock	Price
Khairpur Sug. / Jul 24 Khairpur Sugar Mills Limited(KPUS)	1,105.08 ▼ -122.79 (-10%)
Shadman Cotton / Jul 24 Shadman Cotton Mills Limited(SHCM)	52.81 ▼ -5.84 (-9.96%)
Shams Textile / Jul 24 Shams Textile Mills Limited(STML)	53.26 ▼ -5.88 (-9.94%)
Power Cem(Pref) / Jul 24 Power Cement (Pref)(POWERPS)	23.51 ▼ -2.54 (-9.75%)
Janana De Malucho / Jul 24 Janana De Malucho Textile Mills Limited(JDMT)	139.77 ▼ -14.79 (-9.57%)
East West Ins. / Jul 24 East West Insurance Company Limited(EWIC)	48.10 ▼ -4.36 (-8.31%)
Elahi Cotton / Jul 24 Elahi Cotton Mills Limited(ELCM)	208.50 ▼ -18.84 (-8.29%)
J.A.Textile / Jul 24 J.A. Textile Mills Limited(JATM)	32.13 ▼ -2.85 (-8.15%)
Suhail Jute / Jul 24 Suhail Jute Mills Limited(SUHJ)	201.90 ▼ -17.58 (-8.01%)
Lotte Chemical / Jul 24 Lotte Chemical Pakistan Limited(LOTCHEM)	26.81 ▼ -2.31 (-7.93%)

Stock	Volume
Cnergyico PK / Jul 24 Cnergyico PK Limited(CNERGY)	59,327,773 ▲ 0.19
Trust Sec.& Brok. / Jul 24 Trust Securities & Brokerage Limited(TSBL)	36,977,902 ▲ 0
Kohinoor Spinning / Jul 24 Kohinoor Spinning Mills Limited(KOSM)	32,626,744 ▲ 0.51
Pak Refinery / Jul 24 Pakistan Refinery Limited(PRL)	24,565,429 ▲ 0.6
WorldCall Telecom / Jul 24 Worldcall Telecom Limited(WTL)	21,618,473 ▲ 0.01
B.O.Punjab / Jul 24 The Bank of Punjab(BOP)	20,591,638 ▼ -0.34
TPL Properties / Jul 24 TPL Properties Limited(TPLP)	19,232,151 ▼ -0.25
K-Electric Ltd. / Jul 24 K-Electric Limited(KEL)	18,140,027 ▲ 0.08
Media Times Ltd / Jul 24 Media Times Limited(MDTL)	15,731,176 ▲ 1
Waves Home Appliances / Jul 24 Waves Home Appliances Limited(WAVESAPP)	13,338,005 ▲ 0.56

budget 2023 24

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