Trends - Budget 2023 24 coverage

Budget 2023 24 coverage

Tax expenditures constitute 36.43pc of FBR tax collection?

ISLAMABAD: The tax expenditures remained 36.43 percent of the total Federal Board of Revenue (FBR) tax collection in...

Updated 12 Jun, 2023 08:43am

Business & Finance

Budget Briefing 2023

This Memorandum is correct to the best of our knowledge and belief at the time of publication. It is intended to...

Published 11 Jun, 2023 09:05am

Business & Finance

Budget documents: 5G auction not mentioned

Govt has budgeted Rs 72.597 billion from 4G licenses under the head of non-tax revenue for the next fiscal year of 2023-24 against Rs 50 billion budgeted for the outgoing fiscal year

Updated 11 Jun, 2023 08:23am

Pakistan

PM, too, advocates ‘charter of economy’ as solution

Premier says the ‘Charter of Economy’ appears to be the only way forward for our political parties to achieve prosperity

Updated 11 Jun, 2023 08:16am

Pakistan

‘Budget has nothing for the poor’, says Umar

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) leader Asad Umar on Saturday said that the federal budget 2023-24 which...

Updated 11 Jun, 2023 10:21pm

Pakistan

20 English-medium schools made functional, says Sindh CM

KARACHI: The Chief Minister Sindh on Saturday during his budget speech announced ongoing flagship projects under ADP...

Published 11 Jun, 2023 03:55am

Business & Finance

Budget: telecom sector expresses disappointment

It is disappointing to see no relief extended to Pakistan’s 195 million telecom users who continue to face the highest telecom taxes in the world, says Jazz CEO

Updated 11 Jun, 2023 08:21am

Rich will be taxed: Rs2.2trn Sindh budget unveiled

KARACHI: Sindh Chief Minister Syed Murad Ali Shah Saturday presented a Rs2.2 trillion budget for the fiscal year...

Updated 11 Jun, 2023 12:22pm

GST on services: Rs235bn target set

KARACHI: The Sindh government has set Rs 235 billion revenue collection target for sales tax on services for the ...

Updated 11 Jun, 2023 08:09am

Budget has Rs697bn uplift outlay

KARACHI: The Chief Minister, Syed Murad Ali Shah, here Saturday announced the provincial budget with a total...

Updated 11 Jun, 2023 08:11am

Finance Bill brings in a big import-related facilitative step

ISLAMABAD: The Federal Board of Revenue (FBR) will not impose any penalty on importers in cases of non-placement of...

Updated 11 Jun, 2023 12:21pm

Business & Finance

REITs schemes: Tax exemption extended up to 30th

ISLAMABAD: The income tax exemption available to Real Estate Investment Trusts (REITs) schemes has been extended up...

Published 11 Jun, 2023 03:55am

No amnesty scheme for expats: Law to be invoked against industries exploiting consumers: Dar

Responding to a question on (additional tax on certain income, profits, and gains) under new Section 99D of the Income Tax Ordinance 2001, Dar says provision would be invoked against the sectors that would put unnecessary financial burden on consumers

Updated 11 Jun, 2023 12:16pm

Business & Finance

FPCCI chief says govt’s 3.5pc GDP growth target unrealistic

LAHORE: President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Irfan Iqbal Sheikh on Saturday...

Published 11 Jun, 2023 03:55am

Dar concedes preponderance of external debt

Finance Minister says govt would negotiate with bilateral countries for rescheduling of debt with the request to backload the principal amount and payment of servicing

Updated 11 Jun, 2023 12:22pm

Proposed tax on windfall profits may be challenged in courts

ISLAMABAD: The new tax proposed on windfall profits gains may be challenged in courts due to its applicability on...

Updated 11 Jun, 2023 08:11am

Business & Finance

Business community leader praises budget

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

Published 11 Jun, 2023 03:55am

Business & Finance

HCCI hails budget

HYDERABAD: President Hyderabad Chamber of Commerce and Industry Adeel Siddiqui has said that present federal...

Published 11 Jun, 2023 03:55am

Sindh budget: Rs272.17bn proposed for health services

KARACHI: Budget estimates for 2023-24 for Sindh Health Services have been proposed to be Rs272.168 billion. In his...

Updated 11 Jun, 2023 08:13am

Business & Finance

Federal budget 2023-24 in graphs

The government of Pakistan announced the budget for 2023-24 on Friday. Business Recorder takes a look at the budget...

Published 10 Jun, 2023 06:03pm

Business & Finance

Sindh govt announces up to 35% raise in salaries, 17.5% hike in pension amounts

Sindh CM Murad Ali Shah unveils Rs2.24tr budget aimed at ‘revitalising prosperity’

Updated 10 Jun, 2023 06:50pm

Markets

Post-budget press conference: Dar looks to pacify concerns

Says 'rescheduling domestic debt at present is foolishness'

Updated 10 Jun, 2023 07:37pm

Opinion

Full of sound and fury

An exercise in futility at best, extreme folly at worst, are the most appropriate epithets for the budget 2023-24...

Updated 10 Jun, 2023 01:05pm

Business & Finance

Proposals

No increase in duties on import of essential items Minimum wage proposed at Rs32,000; wages of government employees...

Published 10 Jun, 2023 05:20am

Opinion

Federal Board of Revenue includes a new section “99D” (Additional tax on certain income, profits and gains) in the Income Tax Ordinance 2001

Updated 10 Jun, 2023 08:56am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 10	278.14
USD PKR Interbank Buying / May 10	277.97
USD to Japanese Yen / May 10	155.78
USD to Swiss Franc / May 10	0.91
Pound Sterling to USD / May 10	1.25
Euro to USD / May 10	1.08

Stock	Volume
S&P 500 / May 10	5222.68
India Sensex / May 10	72664.47
Tokyo Nikkei / May 10	38229.11
Nasdaq / May 10	16340.87
Hang Seng / May 10	18963.68
FTSE 100 / May 10	8433.76
Dow Jones / May 10	39512.84
Germany DAX 30 / May 10	18772.85

Item	Value
Crude Oil USD/Barrel / May 10	78.26
Gold Spot USD/Ounce / May 10	2360.50
Cotton US¢/pound / May 10	77.31
Karachi Cotton PKR/37.32 KG / May 11	19935
Gold 10 Grams PKR / May 11	208762
Petrol/Litre / May 12	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 12 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 12 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 12 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 12 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 12 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 12 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 12 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 12 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 12 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 12 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 12 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 12 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 12 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 12 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 12 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 12 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 12 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 12 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 12 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 12 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 12 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 12 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 12 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 12 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 12 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 12 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 12 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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Budget 2023 24 coverage

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