Topic

Budget 2023 24 coverage

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

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...

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 ...

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”...

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...

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...

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 ...

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...

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...

CDA approves annual budget

Published 05 Jul, 2023 06:00am

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

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...

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%....

Federal govt employees: Up to 35pc ad hoc relief allowance notified

Updated 05 Jul, 2023 11:57am

ISLAMABAD: The federal government has notified up to 35 percent Ad-hoc Relief Allowance 2023 to all the federal...

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 – ...

IMF: We have to pay the price we deserve to pay

Updated 04 Jul, 2023 05:45am

EDITORIAL: While specific details of precisely what are the prior conditions that the government has agreed to in ...

Risks undermining MTDS targets identified

Updated 04 Jul, 2023 09:08am

ISLAMABAD: The estimates of key economic indicators are prone to certain risks and vulnerabilities that could cause...

Development: NEC approves ‘megabudget’

Updated 04 Jul, 2023 09:09am

ISLAMABAD: In a significant development for the country’s economic landscape, National Economic Council (NEC) held a...

Value of Rs5m or more: 3pc advance tax to be collected on registration of EVs

Updated 04 Jul, 2023 09:11am

ISLAMABAD: The advance tax at the rate of 3 percent would be collected at the time of registration of electric...

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 9	278.57
USD PKR Interbank Buying / Jun 9	278.37
USD to Japanese Yen / Jun 10	160.36
USD to Swiss Franc / Jun 10	0.80
Pound Sterling to USD / Jun 10	1.34
Euro to USD / Jun 10	1.15
SOFR % / Jun 9	3.63

Stock	Volume
S&P 500 / Jun 9	7,386.65
Nasdaq / Jun 9	25,678.82
Dow Jones / Jun 9	50,872.11
India Sensex / Jun 10	74,322.20
Tokyo Nikkei / Jun 10	64,166.71
Hang Seng / Jun 10	24,292.95
FTSE 100 / Jun 10	10,250.38
Germany DAX 30 / Jun 10	24,501.24
France CAC40 / Jun 10	8,216.19

Item	Value
Gold 10 Grams PKR / Jun 9	389,534
Petrol/Litre / Jun 10	377.78
Crude Oil USD/Barrel / Jun 10	88.87
Gold Spot USD/Ounce / Jun 10	4,174.27
Diesel/Litre / Jun 10	380.78
Cotton US¢/pound / Jun 10	75.60

Gainers
Losers
Leaders

Stock	Price
First Fid. Leasing / Jun 10 First Fidelity Leasing Modaraba(FFLM)	10.67 ▲ 1 (10.34%)
J.A.Textile / Jun 10 J.A. Textile Mills Limited(JATM)	26.25 ▲ 2.39 (10.02%)
Burshane LPG / Jun 10 Burshane LPG (Pakistan) Limited(BPL)	62.55 ▲ 5.69 (10.01%)
Inter.Steel Ltd / Jun 10 International Steels Limited(ISL)	85.65 ▲ 7.79 (10.01%)
Redco Textile / Jun 10 Redco Textiles Limited(REDCO)	31.55 ▲ 2.87 (10.01%)
Pak. P.V.C. / Jun 10 Pakistan PVC Limited(PPVC)	23.63 ▲ 2.15 (10.01%)
Cherat Packaging / Jun 10 Cherat Packaging Limited(CPPL)	92.09 ▲ 8.37 (10%)
IBL HealthCare / Jun 10 IBL HealthCare Limited(IBLHL)	54.25 ▲ 4.93 (10%)
Kohat Textile / Jun 10 Kohat Textile Mills Limited(KOHTM)	122.68 ▲ 11.15 (10%)
Oilboy Energy / Jun 10 Oilboy Energy Limited(OBOY)	20.35 ▲ 1.85 (10%)

Stock	Price
Dadabhoy Cement / Jun 10 Dadabhoy Cement Industries Limited(DBCI)	7.35 ▼ -0.85 (-10.37%)
Idrees Tex. / Jun 10 Idrees Textile Mills Limited(IDRT)	57.68 ▼ -6.41 (-10%)
Tariq Corp.Pref. / Jun 10 Tariq Corporation Limited-Preference Shares(TCORPCPS)	10.94 ▼ -1.21 (-9.96%)
Shams Textile / Jun 10 Shams Textile Mills Limited(STML)	40.31 ▼ -3.14 (-7.23%)
Haseeb Waqas / Jun 10 Haseeb Waqas Sugar Mills Limited(HWQS)	17.85 ▼ -1.29 (-6.74%)
Sindh Abadgar / Jun 10 Sindh Abadgar's Sugar Mills Limited(SASML)	380.07 ▼ -25.94 (-6.39%)
First IBL Mod. / Jun 10 First IBL Modaraba(FIBLM)	11.50 ▼ -0.73 (-5.97%)
Quantum Data Tech. / Jun 10 Quantum Data Technologies Limited(QTECH)	32.20 ▼ -2.03 (-5.93%)
Security Investment Bank / Jun 10 Security Investment Bank Limited(SIBL)	7.20 ▼ -0.44 (-5.76%)
Grays Leasing / Jun 10 Grays Leasing Limited(GRYL)	21.70 ▼ -1.31 (-5.69%)

Stock	Volume
TPL Properties / Jun 10 TPL Properties Limited(TPLP)	63,737,085 ▲ 0.09
TPL Corp Ltd / Jun 10 TPL Corp Limited(TPL)	40,626,361 ▲ 0.32
Telecard Limited / Jun 10 Telecard Limited(TELE)	40,238,477 ▲ 0.12
Loads Limited / Jun 10 Loads Limited(LOADS)	33,866,305 ▲ 0.68
Oilboy Energy / Jun 10 Oilboy Energy Limited(OBOY)	30,153,254 ▲ 1.85
Amreli Steels / Jun 10 Amreli Steels Limited(ASTL)	27,013,807 ▲ 0.61
Agha Steel Ind. / Jun 10 Agha Steel Ind.Ltd(AGHA)	21,875,782 ▲ 0.29
WorldCall Telecom / Jun 10 Worldcall Telecom Limited(WTL)	21,604,281 ▼ -0.01
TPL REIT Fund I / Jun 10 TPL REIT Fund I(TPLRF1)	20,436,423 ▲ 0.01
Beco Steel Ltd / Jun 10 Beco Steel Limited(BECO)	18,815,133 ▼ -0.02

Budget 2023 24 coverage

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