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budget

Finance Minister Tarin kicks off budget preperation

The Finance Minister said that there are many plans to improve the economy, which will be revealed to the media.

Published 19 Apr, 2021 03:47pm

FBR mulling levying Rs150bn taxes on salaried class

ISLAMABAD: The Federal Board of Revenue (FBR) is contemplating levying taxes of Rs150 billion on the salaried class...

Published 18 Apr, 2021 03:09am

Markets

Swedish govt spring budget to boost economy by 45bn Swedish crowns

Many of the measures in the budget had already been announced by the government.

Published 15 Apr, 2021 11:25am

Govt plans to rationalise duties, taxes on food items

ISLAMABAD: The government is planning to rationalise duties and taxes on essential food items, reduction in sales ...

Updated 13 Apr, 2021 09:30am

Pakistan

Ahsan accuses govt of damaging HEC

ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) secretary-general Ahsan Iqbal has accused the government of damaging...

Updated 09 Apr, 2021 09:23am

World

White House says it is hopeful its ‘skinny’ budget will be out this week

The budget is expected to lay out discretionary funding for 2022 with a full budget proposal set to be announced later this spring.

Updated 08 Apr, 2021 12:17am

Markets

Hungary to raise 2021 budget deficit target

"A decline in the deficit could send a message that we are returning to normality, so we don't let the debt level rise and we target a stable growth path," he said.

Published 31 Mar, 2021 02:18pm

Business & Finance

Budget proposals for 2021-22: PRGMEA calls for steps to promote industrialization, enhance exports

LAHORE: The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has called for steps to...

Published 28 Mar, 2021 04:14am

Markets

Canada to unveil first budget in two years

The pandemic caused a 5.4 percent drop in GDP in 2020, the worst result in at least 60 years, according to the IMF report.

Published 24 Mar, 2021 10:47am

Business & Finance

Turkish budget surplus 23.17bn lira in Feb

The primary balance, which excludes interest payments, showed a surplus of 35.93 billion lira in February, the data showed.

Published 15 Mar, 2021 02:18pm

World

UK budget to tackle virus fallout, aid recovery

Britain is the worst-hit country in Europe with more than 120,000 Covid deaths and four million cases.

Published 03 Mar, 2021 05:32pm

FY21 fiscal deficit projected at 7pc of GDP

ISLAMABAD: The Finance Ministry has informed the National Assembly, on Monday that the federal fiscal deficit was ...

Updated 02 Mar, 2021 09:41am

World

South Africa sets out budget as economy reels from pandemic

Resilience will be needed after a year of rolling restrictions on movement and business to curb the coronavirus outbreak.

Published 24 Feb, 2021 05:23pm

Business & Finance

Hong Kong plans lower budget deficit as economy expected to recover

Gross domestic product (GDP) shrank 6.1% in 2020, its worst annual performance on record since 1962.

Published 24 Feb, 2021 02:57pm

Rs436bn to be added to circular debt in FY21, govt tells NA body

ISLAMABD: With the members expressing concern over flow of circular debt, the government, on Tuesday, informed the...

Updated 24 Feb, 2021 09:39am

Markets

Indian shares fall for fifth session as financials, Reliance weigh

On the Nifty 50, mortgage lender HDFC and conglomerates Reliance Industries and ITC were the top three drags, falling between 1.5% and 4%.

Published 22 Feb, 2021 11:59am

Business & Finance

Singapore rolls out new budget boost for virus-hit businesses

SINGAPORE: Singapore on Tuesday unveiled a fresh multi-billion-dollar package to help pandemic-battered businesses...

Updated 22 Feb, 2021 09:57am

FY22 budget proposals: FBR outlines parameters for business community

ISLAMABAD: The Federal Board of Revenue (FBR) has asked the business community to submit sales tax and federal ...

Published 20 Feb, 2021 04:52am

Technology

Facebook inflated its advertising audiences: lawsuit

Facebook modified the Potential Reach tool in 2019.

Published 19 Feb, 2021 10:01am

DRA for govt employees: MoF all set to file summary to Cabinet

ISLAMABAD: Ministry of Finance (MoF) is all set to submit a summary to the Federal Cabinet in its forthcoming ...

Updated 16 Feb, 2021 09:31am

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

Gainers
Losers
Leaders

Stock	Price
Buxly / Oct 27 Buxly Paints Limited(BUXL)	143.32 ▲ 10.00 (7.50%)
Escorts Bank / Oct 27 Escorts Investment Bank Limited(ESBL)	9.48 ▲ 0.62 (7.00%)
Pioneer Cement / Oct 27 Pioneer Cement Limited(PIOC)	87.40 ▲ 1.29 (1.50%)
Habib Bank Ltd. / Oct 27 Habib Bank Limited.(HBL)	129.70 ▲ 1.90 (1.49%)
Ghani Global Hold. / Oct 27 Ghani Global Holdings Limited(GGL)	30.00 ▲ 0.36 (1.21%)
Oil & Gas Dev. / Oct 27 Oil & Gas Development Company Limited(OGDC)	85.89 ▲ 0.92 (1.08%)
Maple Leaf / Oct 27 Maple Leaf Cement Factory Limited(MLCF)	34.25 ▲ 0.15 (0.44%)
MCB Bank / Oct 27 MCB Bank Limited(MCB)	159.65 ▲ 0.62 (0.39%)
Lucky Cement / Oct 27 Lucky Cement Limited(LUCK)	699.99 ▲ 2.48 (0.36%)
Meezan Bank Ltd. / Oct 27 Meezan Bank Limited(MEBL)	133.90 ▲ 0.46 (0.34%)

Stock	Price
Azgard Nine. N.V. (R) / Oct 27 Azgard Nine (Non-Voting).(R) (ANLNVR)	0.00 ▼ 0.00 (%)
Azgard Nine(R) / Oct 27 Azgard Nine Limited. (R)(ANLR)	0.00 ▼ 0.00 (%)
Al-Shaheer Corp.(R) / Oct 27 Al-Shaheer Corporation Limited.(R)(ASCR)	0.00 ▼ 0.00 (%)
Escorts Inv.Bank (R) / Oct 27 Escorts Investment Bank Limited (R)(ESBLR)	0.00 ▼ 0.00 (%)
Fauji Fert. Bin (R) / Oct 27 Fauji Fertilizer Bin Qasim Limited (R)(FFBLR)	0.00 ▼ 0.00 (%)
Ghani Glass (R) / Oct 27 Ghani Glass Limited (R)(GHGLR2)	0.00 ▼ 0.00 (%)
Hascol Petroleum (R) / Oct 27 Hascol Petroleum Limited (R)(HASCOLR1)	0.00 ▼ 0.00 (%)
IGI Life Ins. (R) / Oct 27 IGI Life Insurance Limited (R)(IGILR)	0.00 ▼ 0.00 (%)
Sazgar Engineering (R) / Oct 27 Sazgar Engineering Works Ltd. (R) (SAZEWR)	0.00 ▼ 0.00 (%)
786 Investments / Oct 27 786 Investments Limited(786)	0.00 ▲ -7.20 (-100.00%)

Stock	Volume
Ghani Global Hold. / Oct 27 Ghani Global Holdings Limited(GGL)	24,500 ▼ 0.00
Hum Network / Oct 27 Hum Network Limited(HUMNL)	11,000 ▼ 0.00
ECOPACK / Oct 27 Ecopack Limited(ECOP)	6,000 ▼ 0.00
Buxly / Oct 27 Buxly Paints Limited(BUXL)	5,000 ▼ 0.00
Pioneer Cement / Oct 27 Pioneer Cement Limited(PIOC)	2,500 ▼ 0.00
Meezan Bank Ltd. / Oct 27 Meezan Bank Limited(MEBL)	2,255 ▼ 0.00
Oil & Gas Dev. / Oct 27 Oil & Gas Development Company Limited(OGDC)	2,000 ▼ 0.00
Pakistan Refinery / Oct 27 Pakistan Refinery Limited(PRL)	1,500 ▼ 0.00
Escorts Bank / Oct 27 Escorts Investment Bank Limited(ESBL)	500 ▼ 0.00
Maple Leaf / Oct 27 Maple Leaf Cement Factory Limited(MLCF)	500 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 26	174.50
USD PKR Interbank Buying / Oct 26	174.40
USD to Japanese Yen / Oct 26	113.82
USD to Swiss Franc / Oct 26	0.92
Pound Sterling to USD / Oct 26	1.38
Euro to USD / Oct 26	1.16
UK LIBOR % / Oct 26	0.07

Stock	Volume
S&P 500 / Oct 26	4566.48
India Sensex / Oct 26	60821.62
Tokyo Nikkei / Oct 26	29057.34
Nasdaq / Oct 26	15226.71
Hang Seng / Oct 26	26132.03
FTSE 100 / Oct 26	7222.82
Dow Jones / Oct 26	35741.15
Germany DAX 30 / Oct 26	15599.23
France CAC40 / Oct 26	6712.87

Item	Value
Crude Oil / Oct 26	83.76
Karachi Cotton Assoc. / Oct 26	15180.00
Gold 10 Grams / Oct 26	99450.00
Gold Spot / Oct 26	1806.09
Cotton / Oct 26	108.54

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