Trends - budget 2023 24 - Business Recorder

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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

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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

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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

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

Opinion

‘That is Dar’s philosophy of life’?

It’s a typical Dar budget with some populistic flavor. Penalize anyone who makes money legally and wants to grow...

Published 10 Jun, 2023 05:20am

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Additional tax on income profit, gains imposed

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

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Additional advances to IT ITeS: 20pc concessionary tax rate on banks’ income proposed

KARACHI: The federal government has proposed concessionary tax rate for banks income from additional advances to...

Updated 10 Jun, 2023 08:51am

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PTI rejects budget

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Friday said that Ishaq Dar gave an “Instagramable budget with filters...

Updated 10 Jun, 2023 08:52am

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Rs450bn allocated to BISP

ISLAMABAD: Contrary to expectations, only 450 billion rupees have been allocated for Benazir Income Support...

Updated 10 Jun, 2023 08:54am

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Rs1.8095trn set aside for Defence

ISLAMABAD: The federal government on Friday earmarked Rs 1,809.5 billion for defence affairs and services for...

Updated 10 Jun, 2023 06:52pm

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Rs207bn allocated to water, power sector development

ISLAMABAD: The government has allocated Rs 207 billion for water and power sector development projects during...

Updated 10 Jun, 2023 08:53am

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Pharmaceuticals, drugs: Sales tax structure restored

ISLAMABAD: The government restored the sales tax structure on drugs and pharmaceuticals on July 1st, 2022 position...

Updated 10 Jun, 2023 08:50am

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Finance Bill 2023: Rate of GST on e-integrated textile retailers up 3pc

ISLAMABAD: The government has enhanced the rate of sales tax on electronically-integrated textile retailers from the...

Updated 10 Jun, 2023 08:49am

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Trade leaders give mixed response

KARACHI/LAHORE: Irfan Iqbal Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry...

Updated 10 Jun, 2023 08:49am

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Rs97.098bn earmarked for education affairs, services

ISLAMABAD: The government has earmarked Rs97.098 billion for education affairs and services in the federal budget...

Updated 10 Jun, 2023 08:44am

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Public Sector Development Programme: Rs1,400m earmarked for 13 schemes of Ministry of Law & Justice

ISLAMABAD: The federal government had earmarked a total of Rs1,400 million for 10 ongoing and three new schemes of...

Updated 10 Jun, 2023 08:43am

Business & Finance

Budget 2023-24: incentives fail to entice stakeholders in IT sector

Say measures are insufficient to raise exports substantially

Published 10 Jun, 2023 01:43am

Business & Finance

Budget 2023-24: price of imported used cars over 1,300cc to get expensive

The government has withdrawn the cap of fixed duties and taxes on the import of old and used vehicles of ‘Asian...

Published 10 Jun, 2023 01:21am

Business & Finance

Key highlights of budget 2023-24

Business Recorder takes a look at key points

Updated 10 Jun, 2023 01:14am

Pakistan

In budget 2023-24, Pakistan envisages over $19bn in external financing

To meet budgeted targets, govt says it will seek $2.4bn from IMF, another $4.5bn from commercial banks

Updated 09 Jun, 2023 11:11pm

Business & Finance

On digital payments: services tax on restaurants in ICT reduced in federal budget

Under the ICT (tax on services) Ordinance, 2001, the government of Pakistan proposed to reduce services tax on...

Updated 09 Jun, 2023 07:35pm

Pakistan

How experts view the upcoming budget announcement

Business Recorder reaches out to experts to know their expectations for budget

Updated 09 Jun, 2023 05:22pm

Pakistan

Reasonable increase in salaries: FGCTA, AGEGA stage protest demo

ISLAMABAD: The Federal Government College Teachers Association (FGCTA) and other government employee associations...

Published 09 Jun, 2023 06:20am

Opinion

Budget-2023-24: Yet another ritualistic exercise

Majority of the Pakistanis are going to be dejected after hearing the second budget of the outgoing alliance...

Updated 09 Jun, 2023 07:00am

Pakistan

Balochistan CM says will boycott budget session

ISLAMABAD: Balochistan Awami Party (BAP) has decided to boycott budget session for fiscal year 2023-24. BAP chief...

Published 09 Jun, 2023 06:20am

Editorials

A budget amid deep economic slump

EDITORIAL: The federal government is presenting the country’s annual budget in parliament today. It would like to...

Updated 09 Jun, 2023 06:54am

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Stalled bailout: IMF says govt has to satisfy it on 3 counts, starting with budget

These include restoring proper functioning of the FX market, passing a FY24 Budget consistent with programme objectives, and securing firm and credible financing commitments

Updated 09 Jun, 2023 08:56am