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budget

FY22 Budget: More exemptions to be withdrawn: FBR chief

ISLAMABAD: The Federal Board of Revenue (FBR) Chairman Javed Ghani Monday said the government would withdraw more...

Updated 16 Feb, 2021 09:31am

Govt employees’ protest forces govt to announce 25pc pay raise

ISLAMABAD: The protesting federal government employees Thursday brought the Centre to its knees, forcing it to give ...

Published 12 Feb, 2021 04:54am

Opinion

‘Rise in federal govt debt’

This is apropos a Business Recorder op-ed carried by the newspaper recently. The writer, Dr Hafiz A. Pasha, has...

Published 09 Feb, 2021 04:43am

Presidential Ordinance: Corporate sector IT exemptions may be withdrawn

ISLAMABAD: The government is likely to withdraw the corporate sector income tax exemptions through a Presidential...

Published 07 Feb, 2021 04:07am

Business & Finance

Indonesia raises economic recovery budget to $39bn

At the same forum, Febrio Kacaribu, a finance ministry official, estimated the fiscal deficit for 2021 would be 5.7% of gross domestic product, unchanged from the ministry's previous outlook.

Published 26 Jan, 2021 10:38am

Business & Finance

Israel debt-to-GDP ratio jumps to 73.1% during 2020 pandemic

Israel recorded a budget deficit of 11.7% of GDP last year, up from 3.7% in 2019.

Published 21 Jan, 2021 06:44pm

Markets

New York City's FY 2022 budget gap grows to $5.25 billion

The mayor called for a new and substantial round of stimulus to help offset the economic fallout from the pandemic and stave off the possibility of state funding cuts.

Published 15 Jan, 2021 12:25pm

Budget

Budget deficit hits Rs 922bn in five months

According to Finance Ministry figures, the federal government's expenditure during the last five months was Rs 2.4 trillion, of which Rs 244 billion was spent on debt repayment.

Published 14 Jan, 2021 02:40pm

World

U.S, Israel’s bid to oppose U.N’s annual budget over alleged bias against Jerusalem receives no support at the forum

On Thursday, the outgoing Trump Administration launched a last ditch appeal supporting Israel in the United Nations, by voting against the organisation's annual budget - which found no international support.
As a result, the United Nations General Assembly approving a $3.231 billion budget for 2021, with 167 nations in favour and only the United States and Israel in contention.

Updated 01 Jan, 2021 12:21pm

World

Does Brexit free Europe to seek closer union?

The EU is thus losing a powerful member, but will France find it easier to build the case for a more independent EU global strategy?

Published 31 Dec, 2020 09:07am

World

Dubai cuts 2021 budget as pandemic impacts economy

The emirate, one of the seven that make up the United Arab Emirates, had posted a record $18.1 billion budget for 2020.

Published 27 Dec, 2020 05:48pm

World

Dubai ruler approves $15.5 billion budget for 2021 as economic recovery seen

The statement did not give a comparison to actual spending in 2020, but the size of the 2021 budget is 14 percent below the 66.4 billion dirhams it had set for 2020
The budget takes into account the exceptional economic conditions of the fiscal year 2020 and the repercussions of the pandemic on the global economy

Published 27 Dec, 2020 02:44pm

World

Japan sets record $52 billion military budget with stealth jets, long-range missiles

Japanese Prime Minister Yoshihide Suga’s government approved a ninth consecutive rise in military spending on Monday, funding the development of an advanced stealth fighter and longer-range anti-ship missile to counter China’s growing military power.
The Ministry of Defense will get a record 5.34 trillion yen ($51.7 billion) for the year starting in April, up 1.1% from this year.

Published 21 Dec, 2020 11:17am

Business & Finance

Japan's record $1 trillion budget highlights COVID-19 challenge to growth, debt

The 106.6 trillion yen ($1.03 trillion) annual budget also got a boost from record military and welfare outlays. It marked a 4% rise from this year's initial level, rising for nine years in a row, with new debt making up more than a third of revenue.

Published 21 Dec, 2020 08:44am

Business & Finance

Japan's consumer prices fall at fastest pace in decade, stoke deflation fears

( The Japanese capital Tokyo, faced with acute strains on its medical system from the COVID-19 pandemic, raised its alert level to the highest of four stages on Thursday as the number of new cases spiked to a record daily high of 822.

Published 18 Dec, 2020 10:32am

Markets

Rouble holds steady ahead of OFZ bond auctions

Such auctions serve as a gauge of demand for Russian assets and can buttress the rouble.

Published 16 Dec, 2020 01:11pm

Business & Finance

Japan posts record run of export declines on soft US, China demand

Imports shed 11.1% in November compared with the same month a year earlier, versus the median estimate for a 10.5% decrease. Japan's trade surplus narrowed to 366.8 billion yen ($3.54 billion), versus the median estimate for a 529.8 billion yen surplus.

Published 16 Dec, 2020 09:48am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	158.33
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 26	5099.96
India Sensex / Apr 26	73730.16
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Hang Seng / Apr 26	17651.15
FTSE 100 / Apr 26	8139.83
Dow Jones / Apr 26	38239.66
Germany DAX 30 / Apr 26	18161.01

Item	Value
Crude Oil USD/Barrel / Apr 26	83.85
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 26	210048
Gold Spot USD/Ounce / Apr 26	2337.96
Cotton US¢/pound / Apr 26	80.90
Petrol/Litre / Apr 29	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 29 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 29 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 29 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 29 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 29 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 29 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 29 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 29 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 29 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 29 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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

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