Trends - Budget 2024 25 - Business Recorder

Budget 2024 25

Pakistan’s salaried group comes out on the streets, but after work hours

Such is Pakistan’s salaried group protesting power that it took to the streets in Karachi at 5:30pm – after work...

Published 24 Jul, 2024 12:44am

Opinion

The way forward

Sale of state-owned entities (SOEs) and not resuscitating the non-operational Pakistan Steel Mills is the mantra of...

Updated 22 Jul, 2024 07:11am

Business & Finance

ICMA details critical highlights, implications of federal budget

KARACHI: Institute of Cost and Management Accountants (ICMA) has detailed the critical highlights and implications ...

Updated 19 Jul, 2024 06:43am

Business & Finance

FPCCI urges govt to review agreements with IPPs

KARACHI: The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) has urged the federal government to...

Updated 16 Jul, 2024 01:03pm

Cement dealers go on countrywide strike against taxes

ISLAMABAD: Cement dealers in Pakistan begin their countrywide strike for an indefinite period against higher...

Updated 16 Jul, 2024 01:49pm

Opinion

‘Do more’, IMF asks Pakistan

The Pakistan budget 2024-25 appears to have largely satisfied the IMF (International Monetary Fund), prompting it to...

Updated 13 Jul, 2024 07:35am

Development budget: FD unveils strategy for release of funds

ISLAMABAD: The Finance Division has issued a strategy for release of funds for development budget for financial year...

Updated 13 Jul, 2024 08:51am

Briefing to NA panel: New revenue measures won’t be withdrawn: FBR chief

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Amjed Zubair Tiwana Friday said new revenue measures taken in the...

Updated 13 Jul, 2024 10:19am

Editorials

Tax-to-GDP story

EDITORIAL: Once again the tax-to-GDP ratio for the last fiscal clocked in at nine percent and, typically, once again...

Updated 13 Jul, 2024 07:33am

MoF issues strategy for release of recurrent budget funds

ISLAMABAD: The Finance Ministry on Friday issued strategy for release of recurrent budget funds for 2024-25 fiscal...

Updated 13 Jul, 2024 09:39am

Opinion

Middle class on a spinning wheel

Benjamin Franklin’s famous quote, “In this world, nothing can be said to be certain except death and taxes,”...

Published 11 Jul, 2024 07:37am

Opinion

‘Nationwide protests’?

It seems the mainstream press is finally waking up to the social implications of the new tax regime. So far it’s...

Published 11 Jul, 2024 05:51am

Business & Finance

‘People finding it harder & harder to live with this budget’

KARACHI: Chairman of FPCCI Advisory Board and National Business Group Pakistan, President Pakistan Businessmen and...

Published 10 Jul, 2024 03:14am

Opinion

‘Only some bold steps can help govt fix the economy’

This is apropos a Business Recorder op-ed “Only some bold steps can help govt fix the economy” carried by the...

Published 09 Jul, 2024 05:31am

Opinion

Outlook for FY25

The fiscal year, 2024-25, promises to be an eventful year. It will see early negotiations between the Government of...

Updated 09 Jul, 2024 07:39am

Govt embarks on the path of rightsizing itself

Seeks information from five ministries about their actual and revised budget for 2023-24 and budget for 2024-25

Updated 09 Jul, 2024 09:33am

Tax-to-GDP ratio in FY24 stands at 9pc: FBR

ISLAMABAD: The Tax-to-GDP ratio stood at 9 percent during 2023-24, according to the Federal Board of Revenue (FBR)...

Updated 09 Jul, 2024 09:03am

Opinion

An IMF budget or not?

Several prominent federal ministers publicly stated that the taxation measures approved by parliament on 28 June ...

Updated 08 Jul, 2024 08:43am

Taxes: Aurangzeb for breaking IMF bailout cycle

It's about time we get real, ball is in our court to provide bankable and investable projects, says finance minister on attracting foreign investment

Updated 08 Jul, 2024 12:17pm

Sports

PCB BoGs approves budget estimates for 2024-25

LAHORE: The Board of Governors of the Pakistan Cricket Board (PCB), which met here on Saturday, accorded approval of...

Published 07 Jul, 2024 03:08am

Business & Finance

Value-added textile exporters demand resumption of FTR

LAHORE: Expressing serious concerns over the Finance Act 2024, the value-added textile exporters have urged the...

Published 06 Jul, 2024 06:48am

Business & Finance

Federal budget: Briefing given about recent amendments enacted in sales tax

FAISALABAD: Reservations about different clauses of federal budget including SRO-350 were to be highlighted before...

Published 06 Jul, 2024 06:48am

Business & Finance

Health advocates concerned at no hike in cigarette tax rates

ISLAMABAD: Health advocates Friday expressed deep concern over the government’s decision to maintain current...

Published 06 Jul, 2024 06:48am

Opinion

Emerging challenges to the economy

The budget 2024-25 formulated to qualify for the 25th IMF programme has been passed by the parliament. Now the IMF...

Updated 06 Jul, 2024 06:53am

SC concerned at no budgetary allocation for climate fund

ISLAMABAD: The Supreme Court expressed concern that the federal and provincial governments have not allocated any...

Updated 06 Jul, 2024 09:18am

Markets

PPDA calls off strike

KARACHI: The Pakistan Petroleum Dealers Association (PPDA) on Friday called off its strike and announced to open all...

Published 06 Jul, 2024 05:18am

Pakistan

Dr Gohar Ejaz urges govt to provide relief to salaried class

Former caretaker minister also advocates lowering key interest rate

Updated 05 Jul, 2024 04:45pm

Pakistan

Shortage of petrol likely at some places

ISLAMABAD: People may face a shortage of petrol in some places in the country following a countrywide strike on July...

Published 05 Jul, 2024 03:17am

Business & Finance

After fresh tax: milk in Pakistan becomes more expensive than in France

Milk prices in Pakistan surged by more than a fifth after a new tax was applied in the federal budget, making the...

Published 04 Jul, 2024 07:44pm

IMF lauds economic decisions, efforts to hike gas prices

Holds virtual talks with Pakistan on the efforts made in the budget to meet the conditions

Updated 04 Jul, 2024 10:24am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 26	278.40
USD PKR Interbank Buying / Jul 26	278.20
USD to Japanese Yen / Jul 26	153.77
USD to Swiss Franc / Jul 26	0.88
Pound Sterling to USD / Jul 26	1.29
Euro to USD / Jul 26	1.09

Stock	Volume
S&P 500 / Jul 25	5,399.22
Nasdaq / Jul 25	17,181.72
Dow Jones / Jul 25	39,935.07
India Sensex / Jul 26	80,709.64
Tokyo Nikkei / Jul 26	37,865.35
Hang Seng / Jul 26	17,058.55
FTSE 100 / Jul 26	8,255.78
Germany DAX 30 / Jul 26	18,346.62

Item	Value
Crude Oil USD/Barrel / Jul 26	78.38
Karachi Cotton PKR/37.32 KG / Jul 26	17,035
Gold 10 Grams PKR / Jul 26	215,621
Gold Spot USD/Ounce / Jul 26	2,374.19
Cotton US¢/pound / Jul 26	68.62
Petrol/Litre / Jul 27	275.60

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jul 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jul 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jul 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jul 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jul 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jul 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jul 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jul 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jul 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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Budget 2024 25

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