Trends - budget 2023 24 - Business Recorder

budget 2023 24

Advance tax on cos’ reserves: RRMC’s proposal dropped on corporate sector’s deep concerns

ISLAMABAD: The government has dropped a major taxation proposal of imposing an advance tax on companies’ reserves...

Updated 04 Jun, 2023 12:43pm

Pakistan

Budget FY24: govt could take steps ‘to appease public’, says Topline

Facing massive political pressure, the government could take steps “to appease the public” in the upcoming budget...

Published 03 Jun, 2023 06:27pm

Business & Finance

PAMA urges govt not to amend basis of withholding tax

Reacts to reports that govt will change basis of WHT from engine-size of cars to invoice price

Published 02 Jun, 2023 06:49pm

Business & Finance

Dar, IIA discuss budgetary proposals

ISLAMABAD: Federal Minister for Finance and Revenue Senator Ishaq Dar held a meeting with a delegation from ...

Published 02 Jun, 2023 03:56am

Registered sales, purchases: KTBA proposes reintroduction of tax credits

KARACHI: Karachi Tax Bar Association (KTBA) has proposed the Federal Board of Revenue (FBR) to re-introduce tax...

Updated 01 Jun, 2023 09:04am

Markets

Market says likelihood of tax on companies’ reserves getting green signal ‘low’

Market experts on Wednesday said the likelihood of the government imposing a tax on undistributed profits – reserves...

Published 31 May, 2023 06:31pm

Pakistan

Budget 2023-24: AJK govt to prioritise economic uplift of region: PM

ISLAMABAD: The government of Azad Jammu and Kashmir (AJK) will fully focus on the economic uplift of the region...

Published 31 May, 2023 03:56am

Tax liability of non-filers: Govt mulling giving NADRA new teeth

ISLAMABAD: The government is reviewing the powers of the National Database and Registration Authority (NADRA) in the...

Updated 31 May, 2023 09:00am

Business & Finance

Import shipments: RRMC underscores need for amendments in Customs laws

ISLAMABAD: The Reforms & Revenue Mobilization Commission (RRMC) has strongly recommended amendments in Customs...

Published 31 May, 2023 03:56am

Business & Finance

Federal budget to be made keeping all constraints in view: Ishaq Dar

Says government will try to provide as much relief to public as possible

Updated 30 May, 2023 11:33pm

Builders, developers: Govt may extend tax incentives

ISLAMABAD: The government is likely to give tax incentives to builders and developers in the budget (2023-24) to...

Updated 30 May, 2023 09:25am

Accumulated profits: Proposed advance tax may be challenged in courts

ISLAMABAD: The advance tax on companies’ accumulated profits proposed by the Reform and Revenue Mobilisation...

Updated 29 May, 2023 09:04am

Opinion

Paradigm shift in tax policy

‘The impact of economic growth on the lives of people is partly a matter of income distribution, but it also...

Published 26 May, 2023 06:48am

Business & Finance

BMP urges govt to present growth-oriented budget

LAHORE: The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel (BMP) has called for a...

Published 23 May, 2023 06:14am

FY24 Budget: Rs9.2trn tax collection target expected

ISLAMABAD: The tax collection target of the Federal Board of Revenue (FBR) would be fixed within the range of Rs 9...

Updated 23 May, 2023 08:49am

Business & Finance

Pharma sector: FBR likely to come up with tax relief measures

ISLAMABAD: The Federal Board of Revenue (FBR) is working on tax relief measures for the pharmaceutical sector to be...

Published 23 May, 2023 06:14am

Opinion

Let next elected govt present budget

Finance Minister Ishaq Dar, unconditionally backed by Nawaz Sharif, the party supremo, as well as by Prime Minister...

Published 22 May, 2023 06:23am

Business & Finance

Budget FY24: KP’s advisory board seeks proposals

PESHAWAR: A preliminary ‘pre-budget’ meeting of Khyber Pakhtunkhwa Budget Advisory Board was held in the...

Published 22 May, 2023 06:23am

Editorials

For whom the bell tolls, it tolls for thee

EDITORIAL: Some circles in the government are trying to build up a narrative that current account is coming into...

Published 22 May, 2023 06:23am

Opinion

FY2023-24 Budget

The government is expected to present the budget for the next fiscal year in the first week of June. Budgets in...

Published 20 May, 2023 05:59am

Editorials

‘Realistic’ tax target

EDITORIAL: The budget is just around the corner, which makes this the time when the finance ministry is flooded with...

Published 20 May, 2023 05:59am

Business & Finance

Budget proposals: PBC asks FBR to discourage use of cash in economy

ISLAMABAD: The Federal Board of Revenue (FBR) has received different budget proposals to check the cash economy in...

Published 20 May, 2023 05:59am

Opinion

Budget, taxes, revival & growth

Fiscal consolidation should be as growth-friendly as possible. In general, tax base-broadening reforms are ...

Published 19 May, 2023 06:17am

Opinion

A mission-oriented Budget

Never before in 75-year history of the country has Annual Budget been so important. Now that Pakistan has struggled...

Published 19 May, 2023 06:17am

Industries in tribal areas: Fate of tax exemptions to be decided in FY24 budget

ISLAMABAD: The government, through Finance Bill 2023, will take final decision on the extension in tax exemptions...

Updated 18 May, 2023 09:03am

Pre-budget talks: Senate panel to meet stakeholders from next week

ISLAMABAD: The Senate Standing Committee has decided to hold pre-budget meetings with all the relevant stakeholders...

Updated 18 May, 2023 09:05am

Budget measures regarding new housing societies: FBR, provinces to document ‘plot file’ trading

ISLAMABAD: The Federal Board of Revenue (FBR) and provinces will take measures in the coming budget (2023-24) to...

Updated 17 May, 2023 11:20am

Business & Finance

RRMC floats budget proposals

ISLAMABAD: Reforms and Resource Mobilization Commission (RRMC) has recommended the withdrawal of the quarterly...

Published 16 May, 2023 03:23am

Opinion

Economic stress

Since around September 2021, and especially since April last year, economic stress has come to Pakistan from a ...

Updated 12 May, 2023 06:33am

Budget proposals: PSX for digitization of cash transactions

ISLAMABAD: Pakistan Stock Exchange Limited (PSX) has strongly proposed to digitize a huge portion of cash...

Updated 07 May, 2023 09:45am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 2	278.40
USD PKR Interbank Buying / May 2	278.20
USD to Japanese Yen / May 2	155.37
USD to Swiss Franc / May 2	0.91
Pound Sterling to USD / May 2	1.25
Euro to USD / May 2	1.07

Stock	Volume
S&P 500 / May 1	5018.39
Nasdaq / May 1	15605.48
Dow Jones / May 1	37903.29
India Sensex / May 2	74720.19
Tokyo Nikkei / May 2	38236.07
Hang Seng / May 2	18192.04
FTSE 100 / May 2	8149.68
Germany DAX 30 / May 2	17906.01

Item	Value
Crude Oil USD/Barrel / May 2	79.53
Karachi Cotton PKR/37.32 KG / May 2	20000
Gold 10 Grams PKR / May 2	206619
Gold Spot USD/Ounce / May 2	2311.74
Cotton US¢/pound / May 2	77.01
Petrol/Litre / May 3	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 3 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 3 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 3 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 3 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 3 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 3 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 3 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 3 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 3 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 3 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 3 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 3 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 3 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 3 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 3 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 3 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 3 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 3 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 3 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 3 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 3 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 3 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 3 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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budget 2023 24

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