Trends - Budget FY23 - Business Recorder

Budget FY23

FY23: Minister says $5bn IT export target set

ISLAMABAD: The government will target $5 billion in exports of the information technology (IT) sector for the next...

Published 01 Jun, 2022 05:53am

Opinion

IMF programme interregnum

The meetings between the IMF staff and the government’s economic team came to an end in Doha on the 25th of May....

Published 31 May, 2022 05:11am

Business & Finance

FY22 ‘There will be zero release of funds for development budget in last quarter’

ISLAMABAD: Public Sector Development Programme (PSDP) authorisation for July-March 2021-22 was 603.5 billion rupees...

Updated 31 May, 2022 10:40am

Business & Finance

Miftah praises proposals presented by businesspeople

ISLAMABAD: Federal Minister for Finance and Revenue, Miftah Ismail held a meeting with a delegation of businessmen ...

Updated 31 May, 2022 11:36am

Fate of 7th IMF EFF review dependent on FY23 budget composition

Technical level talks on the budget proposals will commence from today

Updated 31 May, 2022 10:07am

Banks: govt mulling raising super tax rate

ISLAMABAD: The Federal Board of Revenue (FBR) will propose “Super Tax” on certain sectors having annual turnover...

Updated 31 May, 2022 10:11am

Targeted fuel subsidies: Govt may make allocations in FY23 budget

ISLAMABAD: The government may make a budgetary allocation in the federal budget for the financial year 2022-23 for...

Updated 28 May, 2022 10:01am

Business & Finance

Govt urged to cut taxes to help businesses, SMEs grow

LAHORE: With a view to achieve consistency in economic growth of the country, the government will have to take solid...

Published 28 May, 2022 05:11am

Profit-earning sectors: Some kind of time-bound levy may be imposed

ISLAMABAD: The government is planning to impose some kind of time-bound levy or additional income tax on the annual...

Updated 27 May, 2022 10:00am

Business & Finance

Budget FY23: PBA seeks 29pc uniform tax rate

ISLAMABAD: Pakistan Banks Association (PBA) has proposed to the Federal Board of Revenue (FBR) to apply a uniform ...

Published 27 May, 2022 05:50am

POL products: Govt yet to project PL and GST rates for FY23

ISLAMABAD: The government has yet to project petroleum levy (PL) and general sales tax (GST) on petroleum products...

Updated 27 May, 2022 09:55am

Pakistan

Budget 2022-23: Minister proposes allocation of 10pc share of PSDP for dams’ construction

ISLAMABAD: Federal Minister for Water Resources Syed Khurshid Ahmad Shah proposed to allocate 10 percent share of ...

Published 26 May, 2022 05:26am

Business & Finance

Reshuffle in FBR ahead of budget

ISLAMABAD: The Federal Board of Revenue (FBR) has transferred and posted four senior officers of Pakistan Customs...

Updated 26 May, 2022 06:30am

Stalled IMF programme: Govt fails to successfully persuade IMF

ISLAMABAD: The talks between Pakistan and the International Monetary Fund (IMF) for the 7th review under the $6...

Updated 26 May, 2022 10:02am

Opinion

A fiscal quagmire: genesis

In the last article, many readers felt that there was no explanation as to how we came to this pass and what ...

Published 25 May, 2022 04:40am

Opinion

The rising public debt burden

The public debt of Pakistan consists of the domestic and external debt of the government plus debt owed to the IMF...

Published 24 May, 2022 05:35am

Business & Finance

Fixed tax scheme being worked out: Only small shopkeepers, not Tier-I retailers, to be covered

ISLAMABAD: The Federal Board of Revenue (FBR) is working on a simplified fixed tax scheme for small traders in the...

Published 24 May, 2022 05:35am

CM promises pro-poor budget

LAHORE: Announcing that the budget 2022-23 would be pro-poor, Punjab Chief Minister Hamza Shehbaz said on Monday...

Updated 24 May, 2022 09:26am

Editorials

Upcoming budget 2022-23

EDITORIAL: Tenth of June has been earmarked for the presentation of the budget in parliament with political and the...

Published 24 May, 2022 05:35am

Pakistan

‘FTO provided relief to over 1,900 taxpayers in five months’

LAHORE: Federal Tax Ombudsman (FTO) Dr Asif Mehmood Jah has said that his office has provided relief to more than...

Published 22 May, 2022 06:03am

KE urges FD to release budgeted subsidy directly

ISLAMABAD: Karachi Electric (KE) has urged the Finance Division to release budgeted subsidy directly to it to ensure...

Updated 22 May, 2022 09:35am

Sectors earning ‘windfall’ profits: FBR envisages ‘targeted’ taxation

ISLAMABAD: The Federal Board of Revenue (FBR) is preparing budget proposals based on “targeted taxation” for...

Updated 21 May, 2022 10:56am

Federal budget to be presented on June 10

The budget for 2022-23 along with the Finance Bill 2022 is scheduled to be presented in the National Assembly

Updated 21 May, 2022 10:51am

FY22 budget deficit likely to stand at 9pc of GDP — highest-ever in country’s history

ISLAMABAD: Former finance minister Dr Abdul Hafiz Pasha has projected Pakistan’s budget deficit for the fiscal ...

Updated 18 May, 2022 10:25am

Editorials

The budget FY23

EDITORIAL: The budget 2022-23 is to be presented in parliament in June and while there is every likelihood that it...

Published 18 May, 2022 05:54am

Opinion

Outlook for the FY23 federal budget

The federal budget for 2022-23 is likely to be presented within the next four weeks in the Parliament. It will be...

Published 17 May, 2022 05:39am

Budget deficit reaches Rs5.6trn, NA told

ISLAMABAD: Federal Minister for Energy Khurram Dastgir Khan has said that the budget deficit has reached Rs5.6...

Updated 17 May, 2022 09:47am

Business & Finance

Insurance services: SECP advises Sindh govt to revoke levy of stamp duty from July 1

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has proposed to the Sindh government to revoke...

Published 17 May, 2022 05:39am

Budget 2022-23: SECP proposes withdrawal of 1pc FIF on non-life insurance premiums

ISLAMABAD: The SECP has proposed withdrawal of the one percent Federal Insurance Fee (FIF) applicable on non-life...

Updated 15 May, 2022 08:27am

Business & Finance

Proposals for budget: OICCI for simplification of tax system

ISLAMABAD: Overseas Investors Chamber of Commerce and Industry (OICCI) has proposed to the government to simplify ...

Updated 15 May, 2022 08:30am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	278.52
USD PKR Interbank Buying / Apr 25	278.32
USD to Japanese Yen / Apr 25	155.60
USD to Swiss Franc / Apr 25	0.91
Pound Sterling to USD / Apr 25	1.25
Euro to USD / Apr 25	1.07

Stock	Volume
S&P 500 / Apr 24	5070.63
Nasdaq / Apr 24	15712.75
Dow Jones / Apr 24	38460.92
India Sensex / Apr 25	73780.80
Tokyo Nikkei / Apr 25	37628.48
Hang Seng / Apr 25	17264.90
FTSE 100 / Apr 25	8077.84
Germany DAX 30 / Apr 25	17994.97

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Petrol/Litre / Apr 25	293.94
Crude Oil USD/Barrel / Apr 25	83.02
Gold Spot USD/Ounce / Apr 25	2325.45
Diesel/Litre / Apr 25	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 25 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 25 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 25 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 25 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 25 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 25 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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