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Budget FY23

PRIME terms budget ‘unrealistic and expansionary’

Published 13 Jun, 2023 06:00am

ISLAMABAD: The Policy Research Institute of Market Economy (PRIME) has stated that the coalition government has...

Budget places emphasis on ‘growth-inducing’ sectors: PM Shehbaz

Published 12 Jun, 2023 03:56pm

Says procurement of crude oil from Russia is part of energy security plan

Budget documents: 5G auction not mentioned

Updated 11 Jun, 2023 08:23am

Govt has budgeted Rs 72.597 billion from 4G licenses under the head of non-tax revenue for the next fiscal year of 2023-24 against Rs 50 billion budgeted for the outgoing fiscal year

Finance Bill brings in a big import-related facilitative step

Updated 11 Jun, 2023 12:21pm

ISLAMABAD: The Federal Board of Revenue (FBR) will not impose any penalty on importers in cases of non-placement of...

REITs schemes: Tax exemption extended up to 30th

Published 11 Jun, 2023 03:55am

ISLAMABAD: The income tax exemption available to Real Estate Investment Trusts (REITs) schemes has been extended up...

Supply of power to 5 export-oriented sectors: Govt to arrange Rs100bn from FY23 budget

Updated 13 Oct, 2022 09:47am

ISLAMABAD: The Federal Government is to arrange Rs100 billion from federal budget to ensure supply of electricity to...

The FY23 budget and Fund approval

Published 18 Jul, 2022 07:09am

Pakistani administrations have become adept at presenting an annual budget to parliament with the required detailed...

Budget 2022-23 – Amended

Published 29 Jun, 2022 05:44am

In our previous article (BR: 13- 6-2022) we had examined Budget 2022-23 from the point of view of the IMF...

NA: Amendments to finance bill may be presented today

Updated 28 Jun, 2022 09:57am

Amendments are still being given a final shape

A mini-budget or an annexure to budget?

Updated 27 Jun, 2022 06:28am

For the first time in Pakistan’s chequered history additional revenue measures were annexed to the budget by a...

Supertax likely to generate additional Rs200bn

Updated 25 Jun, 2022 11:24am

KARACHI: The imposition of one time supertax at 10 percent on big corporates is likely to help the coalition...

Punjab Assembly starts debate on supplementary budget

Published 24 Jun, 2022 08:02am

LAHORE: The Punjab Assembly session convened by Governor Punjab Muhammad Baligh-ur-Rehman at Aiwan-e-Iqbal started...

Budget debate continues in Sindh PA: Opposition slams govt over huge school dropout rate

Published 24 Jun, 2022 06:15am

KARACHI: The Sindh Assembly on Thursday continued its debate on fiscal budget 2022-23, as opposition slammed the...

PARTLY FACETIOUS: The party’s name is even less respectful

Published 24 Jun, 2022 06:15am

“Did you know that you can call three or even more people at the same time and, if you wish, neither of those you...

Treasury lawmakers hold PTI govt responsible for current economic crisis

Published 24 Jun, 2022 06:15am

ISLAMABAD: The lawmakers belonging to the ruling coalition on Thursday held the previous government of Pakistan...

Additional taxation measures of over Rs436bn on the cards

Updated 24 Jun, 2022 01:16pm

ISLAMABAD: The government is finalising additional taxation measures of over Rs 436 billion through amendments in ...

IMF has asked for more taxes, claims Tarin

Updated 24 Jun, 2022 09:52am

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Senator Shaukat Tarin has claimed that the International Monetary Fund...

Oil prices hiked to avert default, says Miftah

Updated 24 Jun, 2022 10:19am

ISLAMABAD: Federal Finance Minister Miftah Ismail has termed the next fiscal year budget as progressive and...

Rewriting the budget 2022-23

Published 24 Jun, 2022 06:15am

EDITORIAL: The International Monetary Fund (IMF) has uncharacteristically uploaded the following sentence on its...

Budget FY23: Understanding with IMF may lead to revival of EFF

Published 23 Jun, 2022 06:55am

KARACHI: In a welcoming breakthrough, Pakistan and IMF reached an understanding on the federal budget FY23 which...

Punjab PA approves Rs3.226trn budget in absence of opposition

Published 23 Jun, 2022 06:05am

LAHORE: In the absence of opposition Punjab Assembly on Wednesday passed Finance Bill 2022 and thus approved the...

FPCCI voices concern over glaring anomaliesin budget

Published 23 Jun, 2022 06:05am

KARACHI: Shabbir Mansha, acting president FPCCI, has expressed his concern on the glaring anomalies in the federal...

$2.3bn loan agreement signed with Chinese consortium: Miftah says inflows expected ‘within days’

Updated 23 Jun, 2022 10:00am

ISLAMABAD: Minister for Finance and Revenue Miftah Ismail Wednesday said the Chinese consortium of banks on Tuesday...

Progress made over FY23 budget: IMF

Updated 23 Jun, 2022 09:57am

ISLAMABAD: Key progress has been made in talks on the revival of Pakistan’s International Monetary Fund bailout...

OICCI conveys concerns over tax anomalies in budget proposals

Published 22 Jun, 2022 06:45am

ISLAMABAD: Overseas Investors Chamber of Commerce and Industry (OICCI) has conveyed its concerns over tax anomalies...

Balochistan follows in the footsteps of Sindh: deficit budget

Updated 22 Jun, 2022 10:02am

QUETTA: The Balochistan government on Tuesday unveiled a deficit budget worth Rs 612.7 billion with a deficit of Rs...

Budget falls far short of IMF conditionalities

Published 22 Jun, 2022 05:58am

EDITORIAL: The budget for 2022-23 not only did not implement key International Monetary Fund (IMF) conditions,...

Balochistan budget to be presented today

Published 21 Jun, 2022 07:06am

QUETTA: Due to personal engagement of Chief Minister Abdul Quddus Bizenjo, the presentation of Balochistan budget ...

RCCI for ending double taxation, removing anomalies

Published 21 Jun, 2022 06:58am

RAWALPINDI: The business community has demanded that the double taxation and anomalies be removed from the fiscal...

FBR employees’ strike enters 3rd day

Published 21 Jun, 2022 05:51am

LAHORE: The employees of Federal Board of Revenue (FBR) continued their strike on third consecutive day. The strike...

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 17	278.16
USD PKR Interbank Buying / Jul 17	277.96
USD to Japanese Yen / Jul 17	162.40
USD to Swiss Franc / Jul 17	0.81
Pound Sterling to USD / Jul 17	1.35
Euro to USD / Jul 17	1.14
SOFR % / Jul 17	3.60

Stock	Volume
S&P 500 / Jul 17	7,457.69
India Sensex / Jul 17	78,151.45
Tokyo Nikkei / Jul 17	64,141.12
Nasdaq / Jul 17	25,520.24
Hang Seng / Jul 17	24,562.24
FTSE 100 / Jul 17	10,600.37
Dow Jones / Jul 17	52,146.42
Germany DAX 30 / Jul 17	24,830.98
France CAC40 / Jul 17	8,338.81

Item	Value
Crude Oil USD/Barrel / Jul 17	82.49
Karachi Cotton PKR/37.32 KG / Jul 17	18,780
Gold 10 Grams PKR / Jul 17	361,656
Gold Spot USD/Ounce / Jul 17	4,017.39
Cotton US¢/pound / Jul 17	78.63
Petrol/Litre / Jul 19	316.15
Diesel/Litre / Jul 19	354.35

Gainers
Losers
Leaders

Stock	Price
Dadabhoy Cement / Jul 17 Dadabhoy Cement Industries Limited(DBCI)	17.01 ▲ 1.55 (10.03%)
Ruby Textile / Jul 17 Ruby Textile Mills Limited(RUBY)	17.59 ▲ 1.6 (10.01%)
Crescent Cotton / Jul 17 Crescent Cotton Mills Limited(CCM)	53.68 ▲ 4.88 (10%)
National Silk / Jul 17 The National Silk & Rayon Mills Limited(NSRM)	272.21 ▲ 24.75 (10%)
Suhail Jute / Jul 17 Suhail Jute Mills Limited(SUHJ)	223.96 ▲ 20.36 (10%)
Baba Farid Sugar / Jul 17 Baba Farid Sugar Mills Limited(BAFS)	418.56 ▲ 38.05 (10%)
Shadman Cotton / Jul 17 Shadman Cotton Mills Limited(SHCM)	50.61 ▲ 4.6 (10%)
Asia Ins. / Jul 17 Asia Insurance Company Limited(ASIC)	34.45 ▲ 3.13 (9.99%)
Olympia Mills / Jul 17 Olympia Mills Limited(OML)	107.58 ▲ 9.65 (9.85%)
TPL Trakker Ltd / Jul 17 TPL Trakker Limited(TPLT)	27.91 ▲ 2.5 (9.84%)

Stock	Price
Tariq Corp. (R) / Jul 17 Tariq Corporation Limited(Right)(TCORPR2)	2.70 ▼ -0.89 (-24.79%)
First Punjab Modaraba / Jul 17 First Punjab Modaraba(FPJM)	11.04 ▼ -1.23 (-10.02%)
Khairpur Sug. / Jul 17 Khairpur Sugar Mills Limited(KPUS)	1,871.47 ▼ -207.94 (-10%)
Service Textile / Jul 17 Service Industries Textiles Limited(SERT)	62.27 ▼ -6.92 (-10%)
S.G.Power / Jul 17 S.G. Power Limited(SGPL)	97.59 ▼ -10.84 (-10%)
Mughal Iron & Steel(C) / Jul 17 Mughal Iron & Steel Industries Ltd (C)(MUGHALC)	63 ▼ -6.99 (-9.99%)
Fateh Sports / Jul 17 Fateh Sports Wear Limited(FSWL)	150.29 ▼ -16.65 (-9.97%)
Paramount Spinning / Jul 17 Paramount Spinning Mills Limited(PASM)	10.91 ▼ -1.1 (-9.16%)
Power Cem(Pref) / Jul 17 Power Cement (Pref)(POWERPS)	23.62 ▼ -2.36 (-9.08%)
Supernet Tech. / Jul 17 Supernet Technologies Limited(STL)	41.34 ▼ -3.72 (-8.26%)

Stock	Volume
Cnergyico PK / Jul 17 Cnergyico PK Limited(CNERGY)	86,491,992 ▲ 0.19
TPL Properties / Jul 17 TPL Properties Limited(TPLP)	62,545,194 ▼ -0.67
Pak Refinery / Jul 17 Pakistan Refinery Limited(PRL)	38,580,070 ▲ 2.94
WorldCall Telecom / Jul 17 Worldcall Telecom Limited(WTL)	23,499,606 ▼ -0.04
K-Electric Ltd. / Jul 17 K-Electric Limited(KEL)	18,396,866 ▼ -0.24
Lotte Chemical / Jul 17 Lotte Chemical Pakistan Limited(LOTCHEM)	17,830,259 ▼ -1.32
Hascol Petrol / Jul 17 Hascol Petroleum Limited(HASCOL)	14,534,208 ▼ -0.33
B.O.Punjab / Jul 17 The Bank of Punjab(BOP)	12,503,494 ▼ -0.51
TPL REIT Fund I / Jul 17 TPL REIT Fund I(TPLRF1)	11,458,248 ▼ -0.29
PIA Holding Co.Ltd / Jul 17 PIA Holding Company Limited(PIAHCLA)	10,427,355 ▲ 0.51

Budget FY23

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