Trends - Budget FY 2024 25 - Business Recorder

Budget FY 2024 25

Experts say Pakistan budget massively negative for struggling healthcare sector

KARACHI: Pharmaceutical industry experts have expressed concerns regarding the recent taxation changes in Pakistan,...

Updated 02 Jul, 2024 05:58am

Editorials

Heading towards the breaking point

EDITORIAL: Finance Minister Muhammad Aurangzeb’s claims at a news conference after parliament passed the budget ...

Updated 02 Jul, 2024 06:27am

Budget approved by NA ahead of fresh IMF loan

The approved budget includes several amendments from the original proposal presented on June 12

Updated 29 Jun, 2024 02:13pm

Opinion

Federal budget and pro-cyclical policy

The federal budget, due to come into effect in the next few days, has continued with the pro-cyclical policy...

Updated 28 Jun, 2024 03:16pm

Editorials

Excessive govt expenditure

EDITORIAL: If there were any doubts about whether the ruling elite realise the seriousness of the economic crisis...

Published 28 Jun, 2024 06:15am

Business & Finance

OICCI says has identified ‘critical anomalies’

KARACHI: In a letter to the FBR Anomaly Committee, the Overseas Investors Chamber of Commerce and Industry (OICCI)...

Updated 28 Jun, 2024 09:16am

Various Divisions: NA approves 9 demands for grants worth Rs145.32bn

ISLAMABAD: The National Assembly approved nine demands for grants worth Rs145.32 billion to meet expenditures of the...

Updated 28 Jun, 2024 08:22am

NA may approve budget today

ISLAMABAD: The National Assembly Friday (June 28) is likely to approve Budget-2024-25 including The Finance Bill,...

Updated 28 Jun, 2024 09:17am

Pakistan

Budget 2024-25: a mixed bag for Pakistan’s climate change efforts

Pakistan’s Finance Minister Mohammad Aurangzeb, in his budget 2024-25 speech, said Pakistan faces dangers due to the...

Updated 27 Jun, 2024 09:59pm

Perspectives

Protests in Kenya have a lesson for Pakistan, but is the govt listening?

At least 10 protesters were killed during protests, and a section of parliament went up in flames as demonstrations...

Published 27 Jun, 2024 08:51pm

Editorials

IMF has role in budget: nothing but the truth

EDITORIAL: Prime Minister Shehbaz Sharif stated on the floor of the House after the wind-up speech of the Federal...

Published 27 Jun, 2024 06:52am

Pakistan

‘Unless there’s political input’ Budget will be ‘by the babus, for the babus and of the babus,’ says Bilawal

ISLAMABAD: Pakistan People’s Party (PPP) Chairman Bilawal Bhutto-Zardari has said that unless and until there is...

Published 26 Jun, 2024 03:15am

Business & Finance

AJK govt unveils over Rs220bn FY2024-25 budget

MIRPUR: The Azad Jammu & Kashmir (AJK) government on Tuesday presented a budget of over Rs 220 billion for the...

Published 26 Jun, 2024 03:15am

Business & Finance

18pc sales tax on packaged milk: Senate proposal offers lifeline

KARACHI: The National Budget 2024-25 originally proposed an 18% sales tax on packaged milk, a measure intended to...

Published 26 Jun, 2024 03:15am

Pakistan

AJK govt presents over Rs220bn budget for FY2024-25

Development expenditure for upcoming fiscal year projected at Rs44 billion

Updated 25 Jun, 2024 10:58pm

Pakistan

After higher taxation, a quiet ‘revolution’ is taking place within Pakistan’s salaried group

Some members of 'Salaried Class Alliance Pakistan' hold press briefing at Karachi Press Club, outlining grievances with 'unfair taxation measures'

Published 25 Jun, 2024 07:39pm

Pakistan

Honoraria for NA, Senate staff but no change in tax rates for salaried group as Aurangzeb wraps up budget discussion

Finance minister Aurangzeb says reduced sales tax to continue to apply on Hybrid Electric Vehicles, stationary items to remain exempted

Updated 25 Jun, 2024 07:32pm

Budget: opposition submits 460 cut motions

ISLAMABAD: The opposition parties in the National Assembly (NA) have submitted as many as 460 motions to cut the...

Updated 25 Jun, 2024 08:27am

Pakistan

Finance Bill 2024: Senate proposes whopping 128 recommendations to National Assembly

Senate Standing Committee on Finance unanimously rejects increase in tax on low-tier salaried class, Chairman Saleem Mandviwalla says

Updated 24 Jun, 2024 11:02pm

Pakistan

Aurangzeb assures ‘favourable outcomes’ for public, business in final budget

Finance Division says recommendations being noted and will be considered in finalisation of budget

Updated 24 Jun, 2024 10:50pm

Opinion

Stock market growth mirage

The stock market is booming, and the KSE 100 index has almost doubled in the past year. The market is at an all-time...

Published 24 Jun, 2024 07:25am

Opinion

The FY25 budget

“I am from the corporate world”, Muhammad Aurangzeb, Federal Finance Minister, proudly stated in a post-budget...

Published 24 Jun, 2024 07:21am

Editorials

Budget strengthens IMF deal prospects?

EDITORIAL: The rating agency Fitch reaffirmed Pakistan’s rating at CCC reflective of continuing external funding...

Published 24 Jun, 2024 07:16am

Parties stand divided over anti-terrorism operation

ISLAMABAD: The National Assembly’s budget session began on a stormy note on Sunday with Pakistan...

Updated 24 Jun, 2024 09:00am

Budget: govt accepts all PPP demands?

Sources say government agrees to prefer PPP for development funds

Updated 24 Jun, 2024 09:32am

KP to receive Rs1212bn in the head of federal transfers

PESHAWAR: The KP government will receive an estimated amount of Rs 1212 billion in head of federal transfers from...

Updated 24 Jun, 2024 09:17am

Budget: IMF hails ‘tough decisions’

Sources say Pakistan and Washington-based lender have made significant progress in their virtual negotiations

Updated 23 Jun, 2024 05:51pm

Pakistan

Govt to see if it can ‘protect’ Pakistan’s salaried class further, says Aurangzeb

Finance minister says additional taxes could have been imposed, but salaried class was 'protected'

Updated 22 Jun, 2024 03:42pm

Pakistan

Rs955bn Balochistan budget unveiled

QUETTA: Balochistan government on Friday unveiled a budget for the fiscal year 2024-25 with a total outlay of Rs 955...

Published 22 Jun, 2024 06:47am

Govt assailed for further taxing the salaried class

Lawmakers say imposition of such heavy taxes may lead to an acceleration of brain drain from the country

Updated 22 Jun, 2024 02:10pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 13	283
USD PKR Interbank Buying / Jun 13	282.75
USD to Japanese Yen / Jun 14	144.07
USD to Swiss Franc / Jun 14	0.81
Pound Sterling to USD / Jun 14	1.36
Euro to USD / Jun 14	1.15
UK LIBOR % / Jun 14	4.96

Stock	Volume
S&P 500 / Jun 14	5,976.97
India Sensex / Jun 14	81,118.60
Tokyo Nikkei / Jun 14	37,834.25
Nasdaq / Jun 14	19,406.83
Hang Seng / Jun 14	23,892.56
FTSE 100 / Jun 14	8,850.63
Dow Jones / Jun 14	42,197.79
Germany DAX 30 / Jun 14	23,516.23
France CAC40 / Jun 14	7,784.68

Item	Value
Petrol/Litre / Jun 14	253.63
Crude Oil USD/Barrel / Jun 14	72.98
Karachi Cotton PKR/37.32 KG / Jun 14	16,485
Gold 10 Grams PKR / Jun 14	310,007
Gold Spot USD/Ounce / Jun 14	3,432.34
Diesel/Litre / Jun 14	254.64
Cotton US¢/pound / Jun 14	67.84

Gainers
Losers
Leaders

Stock	Price
Pervez Ahmed Consultancy / Jun 13 Pervez Ahmed Consultancy Services Ltd.(PASL)	2.93 ▲ 1 (51.81%)
Ist.Capital Sec / Jun 13 First Capital Securities Corporation(FCSC)	3.06 ▲ 0.94 (44.34%)
First Prudential Mod. / Jun 13 First Prudential Modaraba(PMI)	3.39 ▲ 1 (41.84%)
Media Times Ltd / Jun 13 Media Times Limited(MDTL)	2.71 ▲ 0.58 (27.23%)
Invest Bank / Jun 13 Invest Capital Investment Bank Limited(ICIBL)	7.11 ▲ 1 (16.37%)
Unicap Modaraba / Jun 13 Unicap Modaraba(UCAPM)	3.65 ▲ 0.48 (15.14%)
First Dawood Prop. / Jun 13 First Dawood Properties Limited(FDPL)	3.56 ▲ 0.36 (11.25%)
Ashfaq Textile / Jun 13 Ashfaq Textile Mills Limited(ASHT)	25.70 ▲ 2.34 (10.02%)
AN Textile Mills / Jun 13 AN Textile Mills Limited(ANTM)	15.49 ▲ 1.41 (10.01%)
Shadman Cotton / Jun 13 Shadman Cotton Mills Limited(SHCM)	47.38 ▲ 4.31 (10.01%)

Stock	Price
Shaheen Ins. / Jun 13 Shaheen Insurance Company Limited(SHNI)	4.75 ▼ -0.65 (-12.04%)
Trust Sec.& Brok. / Jun 13 Trust Securities & Brokerage Limited(TSBL)	12.20 ▼ -1.36 (-10.03%)
First Elite Cap.Mod / Jun 13 First Elite Capital Modaraba(FECM)	37.98 ▼ -4.22 (-10%)
Khyber Textile / Jun 13 Khyber Textile Mills Limited(KHYT)	1,794.55 ▼ -199.39 (-10%)
PIA Holding Co.B / Jun 13 PIA Holding Company Limited B(PIAHCLB)	18,889.10 ▼ -2098.79 (-10%)
F.Credit & Inv / Jun 13 First Credit and Investment Bank Limited(FCIBL)	11.23 ▼ -1.24 (-9.94%)
Arctic Textile / Jun 13 Arctic Textile Mills Limited(ARCTM)	39.72 ▼ -4.26 (-9.69%)
Crescent Cotton / Jun 13 Crescent Cotton Mills Limited(CCM)	50.41 ▼ -5.4 (-9.68%)
Shahtaj Textile / Jun 13 Shahtaj Textile Limited(STJT)	78.62 ▼ -8.32 (-9.57%)
Hala Enterprise / Jun 13 Hala Enterprises Limited(HAEL)	30.69 ▼ -3.23 (-9.52%)

Stock	Volume
Pervez Ahmed Consultancy / Jun 13 Pervez Ahmed Consultancy Services Ltd.(PASL)	116,655,242 ▲ 1
WorldCall Telecom / Jun 13 Worldcall Telecom Limited(WTL)	100,891,108 ▲ 0.08
Ist.Capital Sec / Jun 13 First Capital Securities Corporation(FCSC)	85,324,384 ▲ 0.94
PIA Holding Co.Ltd / Jun 13 PIA Holding Company Limited(PIAHCLA)	30,960,243 ▲ 0.62
B.O.Punjab / Jun 13 The Bank of Punjab(BOP)	27,555,139 ▼ -0.26
Kohinoor Spining / Jun 13 Kohinoor Spinning Mills Limited(KOSM)	27,294,482 ▲ 0.17
Media Times Ltd / Jun 13 Media Times Limited(MDTL)	27,189,737 ▲ 0.58
Cnergyico PK / Jun 13 Cnergyico PK Limited(CNERGY)	26,834,469 ▼ -0.35
First Prudential Mod. / Jun 13 First Prudential Modaraba(PMI)	23,063,464 ▲ 1
Sui South Gas / Jun 13 Sui Southern Gas Company Limited(SSGC)	21,700,047 ▼ -0.4

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Budget FY 2024 25

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