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federal budget

Budget FY24: govt could take steps ‘to appease public’, says Topline

Facing massive political pressure, the government could take steps “to appease the public” in the upcoming budget...

Published 03 Jun, 2023 06:27pm

Business & Finance

PAMA urges govt not to amend basis of withholding tax

Reacts to reports that govt will change basis of WHT from engine-size of cars to invoice price

Published 02 Jun, 2023 06:49pm

Business & Finance

Dar says a business and people-friendly budget on its way

ISLAMABAD: Finance Minister Ishaq Dar has assured the business leaders that the government will provide all possible...

Published 01 Jun, 2023 03:34am

Business & Finance

Federal budget to be made keeping all constraints in view: Ishaq Dar

Says government will try to provide as much relief to public as possible

Updated 30 May, 2023 11:33pm

Business & Finance

‘Govt must consult business community before budget’

KARACHI: The central leader of Businessmen Forum (BMF), Abdul Rashid Abaro has said the government must consult the...

Published 25 May, 2023 06:26am

Business & Finance

BMP urges govt to present growth-oriented budget

LAHORE: The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel (BMP) has called for a...

Published 23 May, 2023 06:14am

Business & Finance

KCCI floats budget proposals

KARACHI: In view of the unprecedented economic challenges that Pakistan is currently facing, the Karachi Chamber of...

Published 20 May, 2023 05:59am

Business & Finance

Federal budget: Govt has not as yet started consultation with business community: FPCCI chief

KARACHI: Irfan Iqbal Sheikh, President FPCCI, has expressed his profound concerns that the government and its...

Published 14 May, 2023 03:24am

FY24 budget: FBR invites proposals on income tax

ISLAMABAD: The income tax budget (2023-24) would focus on policy for taxation of real income, phasing out of tax...

Updated 08 Feb, 2023 09:12am

To be presented in first week of June: FY24 budget call circular issued to ministries, divisions

ISLAMABAD: The Finance Division has issued budget call circular to the ministries and divisions seeking their...

Updated 27 Jan, 2023 09:03am

EFF entails high fiscal risks: IMF

ISLAMABAD: The Extended Fund Facility (EFF) programme entails high fiscal risks due to the government’s ability to...

Updated 03 Sep, 2022 09:40am

Business & Finance

HBL declares consolidated Rs12.1bn PAT for 1HCY22

KARACHI: HBL on Thursday declared a consolidated profit after tax (PAT) of Rs 12.1 billion for H1 2022, lower than...

Published 29 Jul, 2022 06:14am

Markets

Rupee gains against dollar, closes at 204.85

Rupee expected to hover around 200 level, while future direction will be dictated by international oil prices, says one analyst

Updated 30 Jun, 2022 07:33pm

Pakistan

JI announces ‘train march’ against govt

LAHORE: Rejecting the federal budget as anti-people and against the decision of the Federal Shariat Court,...

Updated 12 Jun, 2022 09:57am

Pakistan

Punjab’s ADP for 2022-23: Estimates likely to be presented on 13th

LAHORE: The Punjab government is expected to present the Annual Development Programme (ADP) for 2022-23 on June 13...

Published 08 Jun, 2022 06:19am

Pakistan

No cut in HEC’s budget: PM

ISLAMABAD: Prime Minister Shehbaz Sharif on Monday announced that his government would make no reduction in the...

Published 31 May, 2022 05:11am

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

Opinion

This procrastination is extremely dangerous

Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal has said that previous government...

Published 27 May, 2022 05:50am

Pakistan

AGEGA threatens sit-in if issues of employees not resolved

ISLAMABAD: Federal government employees under the banner of the All Government Employees Grand Alliance (AGEGA) on...

Published 24 May, 2022 05:35am

Business & Finance

FPCCI team to meet Nawaz in London

LAHORE: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) a high-profile delegation headed by its...

Published 24 Apr, 2022 05:36am

Business & Finance

Budget deficit to balloon to Rs5.6tr in FY22, says Miftah as he slams PTI's economic policies

In press conference on Tuesday, PML-N leader says adding amount of supplementary grant would take deficit's total to Rs6.4tr

Updated 12 Apr, 2022 10:13pm

Business & Finance

BMG urges SBP to help end Pak rupee's woes

KARACHI: Chairman Businessmen Group (BMG) and former President Karachi Chamber of Commerce & Industry (KCCI)...

Published 29 Oct, 2021 05:05am

PSDP projects hamstrung by lack of funds

Ministries have held meetings to review, prioritise, and exclude their non-essential development projects approved by CDWP and submitted their revised proposals to the Ministry of Planning

Updated 25 Aug, 2021 10:18am

PM warns willful tax defaulters of jail

Reaffirms govt's commitment to steer economy towards export-led growth
Highlights initiatives for various sectors including agriculture and SMEs

Updated 01 Jul, 2021 11:09am

Opinion

Budget: identifying defects and proposing corrections

The Federal Budget was presented on June 12 which was followed by the provincial budgets. Pakistan is a Federation...

Published 30 Jun, 2021 03:54am

Pakistan

Marri terms budget 'anti-people'

ISLAMABAD: Central Information Secretary Pakistan People's Party Parliamentarians and Member of the National ...

Published 29 Jun, 2021 03:24am

Opinion

A fragile federal budget — II

We now carry out an appraisal of the measures in the budget, starting with the enumeration of the key initiatives...

Published 24 Jun, 2021 03:36am

Waqar rejects budget criticism

ISLAMABAD: Prime Minister Special Assistant on Finance and Revenue, Dr. Waqar Masood has said that criticism on...

Published 22 Jun, 2021 04:46am

Editorials

A shameful spectacle

EDITORIAL: After three consecutive days of treasury and the opposition benches, almost at each other’s throats, ...

Published 20 Jun, 2021 03:39am

Pakistan

Govt, opposition reach agreement to run NA affairs in orderly manner: Khattak

Saya ruckus in the assembly is not a good omen for the Constitution and democracy
It has been recommended that a committee be formed to discuss granting more powers to the NA speaker: Minister

Updated 17 Jun, 2021 04:12pm

Gainers
Losers
Leaders

Stock	Price
Punjab Mod / Jun 5 First Punjab Modaraba(FPJM)	1.41 ▲ 0.19 (15.57%)
Pak. P.V.C. / Jun 5 Pakistan PVC Limited(PPVC)	4.82 ▲ 0.61 (14.49%)
Hussain Industries / Jun 5 Husein Industries Limited(HUSI)	11.49 ▲ 0.99 (9.43%)
Gammon Pak / Jun 5 Gammon Pakistan Limited(GAMON)	5.30 ▲ 0.40 (8.16%)
Sui South Gas / Jun 5 Sui Southern Gas Company Limited(SSGC)	9.66 ▲ 0.70 (7.81%)
HI-Tech Lub. / Jun 5 Hi-Tech Lubricants Limited(HTL)	23.47 ▲ 1.64 (7.51%)
Atlas Battery / Jun 5 Atlas Battery Limited(ATBA)	224.16 ▲ 15.64 (7.50%)
Century Paper / Jun 5 Century Paper & Board Mills Limited(CEPB)	55.60 ▲ 3.88 (7.50%)
Dawood Lawrencepur / Jun 5 Dawood Lawrencepur Limited(DLL)	258 ▲ 18.00 (7.50%)
Exide (PAK) / Jun 5 Exide Pakistan Limited(EXIDE)	274.59 ▲ 19.16 (7.50%)

Stock	Price
Unicap Modaraba / Jun 5 Unicap Modaraba(UCAPM)	1.70 ▼ -0.67 (-28.27%)
Pak Gulf Leasing / Jun 5 Pak-Gulf Leasing Company Limited(PGLC)	6.50 ▼ -0.99 (-13.22%)
Mehran Sugar / Jun 5 Mehran Sugar Mills Limited(MRNS)	38 ▼ -5.00 (-11.63%)
Rafhan Maize / Jun 5 Rafhan Maize Products Company Limited(RMPL)	8332 ▼ -1059.00 (-11.28%)
Diamond Ind. / Jun 5 Diamond Industries Limited(DIIL)	30.62 ▼ -2.48 (-7.49%)
Gillette Pak / Jun 5 Gillette Pakistan Limited(GLPL)	109.08 ▼ -8.82 (-7.48%)
John&Philips / Jun 5 Johnson & Phillips (Pakistan) Limited(JOPP)	35.02 ▼ -2.83 (-7.48%)
Indus Dyeing / Jun 5 Indus Dyeing & Manufacturing Co. Limited(IDYM)	126 ▼ -9.06 (-6.71%)
Ruby Textile / Jun 5 Ruby Textile Mills Limited(RUBY)	3.13 ▼ -0.21 (-6.29%)
Reliance Ins. / Jun 5 Reliance Insurance Company Limited(RICL)	7.27 ▼ -0.48 (-6.19%)

Stock	Volume
WorldCall Telecom / Jun 5 Worldcall Telecom Limited(WTL)	16,776,521 ▼ -0.02
Pak Int.Bulk / Jun 5 Pakistan International Bulk Terminal(PIBTL)	10,345,500 ▲ 0.10
Sui North Gas / Jun 5 Sui Northern Gas Pipelines Limited(SNGP)	9,748,618 ▲ 2.54
Pak Petroleum / Jun 5 Pakistan Petroleum Limited(PPL)	9,220,831 ▲ 3.59
Oil & Gas Dev. / Jun 5 Oil & Gas Development Company Limited(OGDC)	8,432,214 ▲ 3.17
D.G.K.Cement / Jun 5 D.G. Khan Cement Company Limited(DGKC)	8,134,363 ▼ -0.12
Pak Refinery / Jun 5 Pakistan Refinery Limited(PRL)	5,737,803 ▲ 0.30
Maple Leaf Cement / Jun 5 Maple Leaf Cement Factory Limited(MLCF)	4,793,566 ▲ 0.31
Hascol Petrol / Jun 5 Hascol Petroleum Limited(HASCOL)	4,657,500 ▲ 0.12
Sui South Gas / Jun 5 Sui Southern Gas Company Limited(SSGC)	4,102,148 ▲ 0.70

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 5	286.10
USD PKR Interbank Buying / Jun 5	285.90
USD to Japanese Yen / Jun 5	140.13
USD to Swiss Franc / Jun 5	0.91
Pound Sterling to USD / Jun 5	1.24
Euro to USD / Jun 5	1.07
UK LIBOR % / Jun 2	5.06

Stock	Volume
S&P 500 / Jun 2	4282.37
Nasdaq / Jun 2	13240.77
Dow Jones / Jun 2	33762.76
India Sensex / Jun 5	62894.02
Tokyo Nikkei / Jun 5	32117.09
Hang Seng / Jun 5	18993.93
FTSE 100 / Jun 5	7637.92
Germany DAX 30 / Jun 5	16080.36
France CAC40 / Jun 5	7260.56

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 2	20235
Gold 10 Grams PKR / Jun 2	199760
Crude Oil USD/Barrel / Jun 5	72.64
Gold Spot USD/Ounce / Jun 5	1944.48
Cotton US¢/pound / Jun 5	81.63

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