Trends - Federal Government - Business Recorder

Federal Government

Q1FY24: Cash-strapped govt to borrow record Rs11trn

KARACHI: In the absence of sufficient foreign inflows, the federal government has planned to borrow over Rs 11...

Updated 07 Jul, 2023 09:07am

Business & Finance

Possible enforcement of Sec 99D of IT Ord: Litigation between FBR, sectors making windfall profits feared

ISLAMABAD: Leading tax experts have apprehended that litigation will start between the Federal Board of Revenue ...

Published 07 Jul, 2023 05:24am

Opinion

SBA won’t cut it

Fine, it was the single biggest one-day jump in the stock market in 15 years. But is it really that unbelievable,...

Updated 06 Jul, 2023 06:20am

Federal govt employees: 17.5pc increase in pension notified

ISLAMABAD: The federal government has notified the 17.5 percent increase in the pension for the pensioners of the...

Updated 06 Jul, 2023 08:43am

Govt debt stocks hit all-time high of Rs59trn

KARACHI: The federal government’s total debt stocks rose to an all-time high level of Rs 59 trillion at the end of...

Updated 06 Jul, 2023 08:35am

Federal govt employees: Up to 35pc ad hoc relief allowance notified

ISLAMABAD: The federal government has notified up to 35 percent Ad-hoc Relief Allowance 2023 to all the federal...

Updated 05 Jul, 2023 11:57am

Pakistan

JI slams Centre’s ‘silence on KE’s misconduct’

KARACHI: In the wake of increasing electricity load shedding in the megacity, Jamaat-e-Islami (JI) Karachi chapter ...

Published 04 Jul, 2023 05:07am

Govt’s LoI to IMF contains 9 major assurances

Pakistan assures that no new tax amnesty would be granted during the next nine months

Updated 04 Jul, 2023 09:52am

Sports

World Cup in India: PCB seeks permission from govt

KARACHI: Pakistan Cricket Board (PCB) has sought permission from the federal government to participate in the ICC...

Published 03 Jul, 2023 06:28am

Pakistan

Govt advises depts to use dark fibre for data communication

ISLAMABAD: Federal government has declared ‘third party fiber optics’ for Internet services as insecure. The...

Published 03 Jul, 2023 06:04am

Opinion

Kicking the can

An IMF (International Monetary Fund) deal is finally done. This is good news as it has averted the growing concerns...

Updated 03 Jul, 2023 07:58am

Tax on windfall profits: FBR to face legal complications

ISLAMABAD: The Federal Board of Revenue (FBR) will face legal complications to collect new tax on windfall profits...

Updated 03 Jul, 2023 08:59am

20,000MT per month from Apr to Sep: Buying LPG spot cargoes exempted from PPRA rules

ISLAMABAD: The Federal Cabinet has exempted procurement of 20,000 MT Liquefied Petroleum Gas (LPG) cargoes on the...

Updated 02 Jul, 2023 10:25am

‘Appointment of ineligible person’: LHC issues notices to PM, others

ISLAMABAD: Lahore High Court (LHC) has issued notices to Prime Minister Shehbaz Sharif, Secretaries Establishment...

Updated 29 Jun, 2023 09:12am

Business & Finance

New condition imposed on sellers of properties

ISLAMABAD: The government has imposed a major condition on the sellers or transferors of immovable properties to...

Published 26 Jun, 2023 06:38am

Pakistan

Sindh writes letter to Centre over water shortage

KARACHI: Provincial Irrigation Minister Jam Khan Shoro has contacted the federal government regarding shortage of...

Published 24 Jun, 2023 06:02am

Karachi port: Govt to lease four out of 33 berths to UAE for $220m

The JV will undertake significant investments in infrastructure and superstructure over the next 10 years, says AD Group

Updated 23 Jun, 2023 03:23pm

Pakistan

Sindh PA passes budget; opposition’s calls rejected

KARACHI: The Sindh Assembly on Wednesday passed Rs2.248 trillion fiscal budget 2023-24 and rejected the...

Published 22 Jun, 2023 05:45am

Pakistan

AJK govt presents Rs232bn budget

MUZAFFARABAD: Azad Jammu and Kashmir (AJK) government on Wednesday unveiled its more than 232 billion rupees budget...

Published 22 Jun, 2023 05:45am

Pakistan

President gives assent to two bills

ISLAMABAD: President Dr Arif Alvi, on Tuesday, gave his assent to “the Maternity and Paternity Leave Bill, 2023”...

Published 21 Jun, 2023 05:21am

Pakistan

Eidul Azha holidays announced

ISLAMABAD: The federal government on Tuesday announced holidays on the occasion of Eidul Azha. According to a...

Published 21 Jun, 2023 05:21am

COAS puts his weight behind economic plan

Plan envisages capitalising Pakistan’s untapped potential in key sectors of defence, agricultural/livestock, minerals/mining, IT and energy

Updated 21 Jun, 2023 09:01am

Pakistan

Country’s economy showing signs of improvement: Governor

LAHORE: Punjab Governor Muhammad Balighur Rehman said on Monday that despite difficult economic situation, the...

Published 20 Jun, 2023 03:16am

Markets

Lesco tops the list: Zorlu eyes stakes in Discos

ISLAMABAD: Turkish firm M/s Zorlu has shown interest in acquiring stakes in power Distribution Companies (Discos)...

Published 20 Jun, 2023 03:16am

Budget debate: Over Rs41.367trn charged expenditure to be tabled in NA

ISLAMABAD: The federal government would table more than Rs41.367 trillion charged expenditure included in Demands...

Updated 20 Jun, 2023 08:55am

Editorials

Budget doesn’t help govt broaden tax base

EDITORIAL: The International Monetary Fund (IMF) has lamented the missed opportunity to broaden the tax base in the...

Published 19 Jun, 2023 07:08am

Ahsan responds to Bilawal: ‘Don’t criticise govt in political rallies’

KARACHI: A day after PPP Chairman Bilawal Bhutto-Zardari rejected the recently unveiled budget, Planning Minister...

Updated 19 Jun, 2023 09:12am

Hike in power tariff widely expected

Federal government mulls an increase in electricity tariff of up to Rs 5 per unit

Updated 19 Jun, 2023 11:37am

Pakistan

Asad Rehman appointed Nadra chairman

ISLAMABAD: The federal government on Friday appointed Asad Rehman as chairman National Database and Registration...

Published 17 Jun, 2023 06:13am

Opinion

Budget 2023-24: Impediments to a viable economy

The provisional data issued by the National Accounts Committee portray a bleak picture of the economy where real GDP...

Published 16 Jun, 2023 06:27am

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Dec 10 786 Investments Limited(786)	5.74 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Dec 10 Al-Abbas Sugar Mills Limited(AABS)	526 ▼ 0.00 (0.00%)
Agro Allianz / Dec 10 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Dec 10 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Dec 10 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Dec 10 Allied Bank Limited(ABL)	90.51 ▼ 0.00 (0.00%)
Abbott Lab. / Dec 10 Abbott Laboratories (Pakistan) Limited(ABOT)	500.43 ▼ 0.00 (0.00%)
Abson Ind. / Dec 10 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Dec 10 Alfalah Consumer Index ETF.(ACIETF)	10.99 ▼ 0.00 (0.00%)
Attock Cement / Dec 10 Attock Cement Pakistan Limited(ACPL)	105.15 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Dec 10 786 Investments Limited(786)	5.74 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Dec 10 Al-Abbas Sugar Mills Limited(AABS)	526 ▲ 0.00 (0.00%)
Agro Allianz / Dec 10 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Dec 10 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Dec 10 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Dec 10 Allied Bank Limited(ABL)	90.51 ▲ 0.00 (0.00%)
Abbott Lab. / Dec 10 Abbott Laboratories (Pakistan) Limited(ABOT)	500.43 ▲ 0.00 (0.00%)
Abson Ind. / Dec 10 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Dec 10 Alfalah Consumer Index ETF.(ACIETF)	10.99 ▲ 0.00 (0.00%)
Attock Cement / Dec 10 Attock Cement Pakistan Limited(ACPL)	105.15 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Dec 10 K-Electric Limited(KEL)	342,535,258 ▲ 0.00
WorldCall Telecom / Dec 10 Worldcall Telecom Limited(WTL)	98,557,282 ▲ 0.00
P.T.C.L. / Dec 10 Pakistan Telecommunication Company Ltd(PTC)	58,736,500 ▲ 0.00
Kohinoor Spining / Dec 10 Kohinoor Spinning Mills Limited(KOSM)	56,593,500 ▲ 0.00
Fauji Foods Ltd / Dec 10 Fauji Foods Limited(FFL)	47,998,197 ▲ 0.00
Cnergyico PK / Dec 10 Cnergyico PK Limited(CNERGY)	46,684,647 ▲ 0.00
B.O.Punjab / Dec 10 The Bank of Punjab(BOP)	32,876,325 ▲ 0.00
Pak Elektron / Dec 10 Pak Elektron Limited(PAEL)	29,819,540 ▲ 0.00
Hascol Petrol / Dec 10 Hascol Petroleum Limited(HASCOL)	27,935,500 ▲ 0.00
Pak Int.Bulk / Dec 10 Pakistan International Bulk Terminal(PIBTL)	25,443,500 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 8	284.30
USD PKR Interbank Buying / Dec 8	283.95
USD to Japanese Yen / Dec 8	144.95
USD to Swiss Franc / Dec 8	0.88
Pound Sterling to USD / Dec 8	1.25
Euro to USD / Dec 8	1.08
UK LIBOR % / Dec 8	5.48

Stock	Volume
S&P 500 / Dec 8	4604.37
India Sensex / Dec 8	69825.60
Tokyo Nikkei / Dec 8	32307.86
Nasdaq / Dec 8	14403.97
Hang Seng / Dec 8	16334.37
FTSE 100 / Dec 8	7554.47
Dow Jones / Dec 8	36247.87
Germany DAX 30 / Dec 8	16759.22
France CAC40 / Dec 8	7526.55

Item	Value
Crude Oil USD/Barrel / Dec 8	71.23
Karachi Cotton PKR/37.32 KG / Dec 8	17235
Gold 10 Grams PKR / Dec 8	187414
Gold Spot USD/Ounce / Dec 8	2004.67
Cotton US¢/pound / Dec 8	81.44

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