Trends - Budget 2024 25 - Business Recorder

Budget 2024 25

An MNC’s warning and FDI troubles

EDITORIAL: In a highly troubling development, one of the oldest multinational companies (MNCs) operating in the...

Published 01 Jun, 2024 06:59am

Alleged involvement in refund issue: FBR fires four senior IR officers

ISLAMABAD: The Federal Board of Revenue (FBR) has removed four senior Inland Revenue officers from their positions...

Updated 01 Jun, 2024 02:02pm

Budget FY2024-25: Rs681bn earmarked for power tariff-related subsidies?

Announcement to be made with the condition that no supplementary budget, regular or technical will be provided

Updated 01 Jun, 2024 09:42am

Govt slashes PSDP by Rs204bn

ISLAMABAD: The government has slashed the Public Sector Development Programme (PSDP) for the ongoing fiscal year by...

Updated 01 Jun, 2024 02:03pm

Opinion

A social democratic, green, mission-oriented budget

In contrast to the usual approach to a budget discourse based on ideas around raising taxes, and expenditure...

Updated 31 May, 2024 07:33am

Opinion

Budget & tax policy

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

Updated 31 May, 2024 07:29am

PSDP 2024-25: Ministry sends Rs215.998bn provisional IBC for PD

ISLAMABAD: The Ministry of Planning, Development and Special Initiatives has conveyed the provisional Indicative...

Updated 31 May, 2024 09:00am

SECP urges FBR to reduce WHT on dividend, NBFCs & Modarabas

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has asked Federal Board of Revenue (FBR) to...

Updated 31 May, 2024 08:36am

SECP proposes FBR to align rates of capital gain tax on sale of immovable property

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has proposed Federal Board of Revenue (FBR) to...

Updated 31 May, 2024 08:58am

Business & Finance

Aurangzeb briefs Gilani about Federal Budget

ISLAMABAD: As the federal budget is drawing near, the economic czar of the ruling Pakistan Muslim League-Nawaz...

Published 31 May, 2024 06:58am

Power sector: MoF agrees to extend Rs1.094trn subsidy

ISLAMABAD: The Finance Ministry is said to have agreed to extend subsidy of Rs 1.094 trillion for the financial year...

Updated 30 May, 2024 08:39am

Budgetary support: Govt borrowing rises 116pc

KARACHI: The federal government borrowing from scheduled banks for budgetary support rose significantly by 116...

Updated 30 May, 2024 08:53am

Opinion

SIFC—a better role

The SIFC was created with a mandate to facilitate much-needed investments from foreign public and private entities...

Published 29 May, 2024 06:05am

FBR plans to collect Rs1.296trn thru duties

ISLAMABAD: The Federal Board of Revenue (FBR) has estimated to collect nearly Rs1,296 billion from customs duties in...

Updated 29 May, 2024 09:19am

Business & Finance

‘Upcoming budget should be people-friendly’

KARACHI: There is a need to make the budget 2024-25 people-friendly, said economic expert and Pasban Democratic ...

Published 29 May, 2024 06:05am

Business & Finance

Experts suggest 40pc raise in tobacco taxes

ISLAMABAD: Health experts have strongly proposed the Federal Board of Revenue (FBR) to raise taxes on all kinds of...

Published 29 May, 2024 06:05am

Opinion

Budget 2024-25: expectations

A budget is not merely a document of aggregated information on revenues, capital, and external receipts and on the...

Published 28 May, 2024 05:30am

Farmers propose ‘fixed tax regime’ for agri sector

Demand government to ensure a dedicated track and trace system to bring the retailers, and businesses from the informal sectors with progressive taxes into the tax net

Updated 28 May, 2024 09:26am

Upcoming budget: FBR to issue new rules to process pending refund applications

ISLAMABAD: The Federal Board of Revenue (FBR) will issue new rules and regulations in budget 2024-25 to...

Updated 28 May, 2024 08:35am

Business & Finance

5G licenses: Shortfall of Rs32bn likely in non-tax revenue

ISLAMABAD: The country is likely to face a shortfall of around Rs32 billion in non-tax revenue from 5G licenses,...

Published 28 May, 2024 05:30am

Opinion

Budget projections for FY25

There is overwhelming evidence that approval of the budget for next fiscal year, reportedly to be presented to...

Updated 27 May, 2024 06:33am

Public assets: Ministry seeks data to share it with IMF

Says IMF has recommended actions on an issue that the data on public assets was inconsistent and not easily centralised

Updated 27 May, 2024 11:43am

PM, PPP team take stock of situation

ISLAMABAD: As the federal government is set to present the budget for fiscal year 2024-25, Prime Minister Shehbaz...

Updated 27 May, 2024 09:13am

Major changes in tax laws expected through Finance Bill 2024

Enforcement measures of Rs 300-400 billion expected in 2024-25

Updated 27 May, 2024 01:32pm

Budget proposals: OICCI calls for abolishing advance tax on telecom subscribers

ISLAMABAD: The Overseas Investors Chamber of Commerce and Industry (OICCI) has recommended the government to abolish...

Updated 26 May, 2024 09:12am

Pakistan

KP CM against tax on ‘naswar’

PESHAWAR: Khyber Pakhtunkhwa Chief Minister Ali Amin Gandapur Friday opposed taxing Naswar in the upcoming budget of...

Published 25 May, 2024 05:32am

Fuel prices likely to decline again

ISLAMABAD: Fuel prices are expected to go down again. The federal government is likely to announce a decrease in...

Updated 25 May, 2024 04:20pm

Share under NFC Award: Govt may explore option of sharing debt servicing, power circular debt with provinces

Government left with only 42.5 percent from divisible pool with interest payments and circular energy debt no longer sustainable

Updated 25 May, 2024 08:29pm

Country borrows $7.142bn during Jul-Apr

ISLAMABAD: The country borrowed $7.142 billion from multiple financing sources during the first 10 months...

Updated 25 May, 2024 08:29pm

‘Carbon Tax’ on POL products: PM rejects major FBR budgetary proposals

ISLAMABAD: Prime Minister Shehbaz Sharif has rejected two major budgetary proposals of the Federal Board of Revenue...

Updated 25 May, 2024 08:27pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 31	278.42
USD PKR Interbank Buying / May 31	278.22
USD to Japanese Yen / May 31	157.31
USD to Swiss Franc / May 31	0.90
Pound Sterling to USD / May 31	1.27
Euro to USD / May 31	1.08

Stock	Volume
S&P 500 / May 31	5277.51
India Sensex / May 31	73961.31
Tokyo Nikkei / May 31	38487.90
Nasdaq / May 31	16735.02
Hang Seng / May 31	18079.61
FTSE 100 / May 31	8275.38
Dow Jones / May 31	38686.32
Germany DAX 30 / May 31	18497.94

Item	Value
Crude Oil USD/Barrel / May 31	76.99
Karachi Cotton PKR/37.32 KG / May 31	19935
Gold 10 Grams PKR / May 31	207219
Gold Spot USD/Ounce / May 31	2327.33
Cotton US¢/pound / May 31	75.11
Petrol/Litre / Jun 1	268.36

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 1 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 1 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 1 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 1 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 1 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 1 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 1 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 1 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 1 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 1 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 1 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 1 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 1 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 1 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 1 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 1 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 1 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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Budget 2024 25

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