Trends - Federal Government - Business Recorder

Federal Government

Comments on FY2023-24 Budget

The Finance Bill 2023 did not bring any substantial change in the tax policy as all major revenue measures are aimed...

Updated 12 Jun, 2023 06:46am

Business & Finance

18th Amendment has weakened federation financially, claims PBF

LAHORE: Pakistan Business Forum (PBF) says eighteenth amendment financially weakened the federation in the name of...

Published 12 Jun, 2023 06:26am

Editorials

Court not to interfere in economic policy

EDITORIAL: Chief Justice Umar Ata Bandial while heading a three-judge bench hearing the Jamaat-i-Islami petition to...

Updated 12 Jun, 2023 06:51am

Markets

Petroleum sector Rs1.5bn set aside under PSDP

ISLAMABAD: The federal government allocated development funds of Rs1.5 billion under the Public Sector Development...

Published 11 Jun, 2023 03:55am

Tax policy-making process ‘ICTE’ to be set up to reduce role of FBR officials

ISLAMABAD: The Federal Board of Revenue (FBR) will establish an International Centre of Tax Excellence (ICTE) to...

Updated 11 Jun, 2023 08:11am

Proposed tax on windfall profits may be challenged in courts

ISLAMABAD: The new tax proposed on windfall profits gains may be challenged in courts due to its applicability on...

Updated 11 Jun, 2023 08:11am

Additional advances to IT ITeS: 20pc concessionary tax rate on banks’ income proposed

KARACHI: The federal government has proposed concessionary tax rate for banks income from additional advances to...

Updated 10 Jun, 2023 08:51am

Rs1.8095trn set aside for Defence

ISLAMABAD: The federal government on Friday earmarked Rs 1,809.5 billion for defence affairs and services for...

Updated 10 Jun, 2023 06:52pm

Public Sector Development Programme: Rs1,400m earmarked for 13 schemes of Ministry of Law & Justice

ISLAMABAD: The federal government had earmarked a total of Rs1,400 million for 10 ongoing and three new schemes of...

Updated 10 Jun, 2023 08:43am

Business & Finance

Federal Budget: PBF sees no ‘serious efforts’ for economic revival

KARACHI: Pakistan Business Forum (PBF) says the federal government has done ‘too little, too late’ in terms of...

Published 10 Jun, 2023 05:01am

Business & Finance

KP business community rejects federal budget

PESHAWAR: Business community of Khyber Pakhtunkhwa termed the budget for financial year 2023-24 presented by the...

Published 10 Jun, 2023 05:01am

Business & Finance

Non-resident person: FBR expands scope of definition of ‘Permanent Establishment’

ISLAMABAD: The Federal Board of Revenue (FBR) has expanded the scope of definition of Permanent Establishment in...

Published 10 Jun, 2023 05:01am

Pakistan

LHC directs govt to make Toshakhana record public

LAHORE: A division bench of the Lahore High Court (LHC) on Thursday directed the federal government to submit...

Published 09 Jun, 2023 06:20am

Pakistan

IMF blamed for cutbacks in social services

ISLAMABAD: The federal government has blamed the International Monetary Fund (IMF) for cutbacks in social services...

Updated 09 Jun, 2023 10:39am

Pakistan

Balochistan CM says will boycott budget session

ISLAMABAD: Balochistan Awami Party (BAP) has decided to boycott budget session for fiscal year 2023-24. BAP chief...

Published 09 Jun, 2023 06:20am

SBP’s auction calendar: Cash-strapped govt to borrow record Rs10trn in 3 months

KARACHI: The cash-strapped federal government plans to borrow record over Rs 10 trillion from the commercial banks...

Updated 09 Jun, 2023 09:00am

Pakistan

Govt to allocate Rs160.8bn to NHA

ISLAMABAD: The federal government is likely to allocate Rs160.8 billion for the National Highways Authority (NHA)...

Published 08 Jun, 2023 06:30am

Pakistan

Budget proposals: MQM-P asks govt to reduce energy rates

KARACHI: Muttahida Qaumi Movement- Pakistan (MQM-P) on Wednesday urged the federal government to reduce prices of...

Published 08 Jun, 2023 06:30am

Rs90bn allocated for parliamentarians under SDGs

ISLAMABAD: The government has allocated Rs90 billion for the parliamentarians under Sustainable Development Goal...

Updated 08 Jun, 2023 09:31am

PSDP: Govt takes firm step to revive certain CPEC initiatives

ISLAMABAD: Amid the planned revival of different initiatives under the China-Pakistan Economic Corridor (CPEC)...

Updated 08 Jun, 2023 09:30am

RE projects: Punjab govt urges Centre to issue instructions for bidding

ISLAMABAD: The government of Punjab has urged the federal government to issue necessary instructions for conduct of...

Updated 07 Jun, 2023 09:09am

Govt shares some details of federal budget with IMF

IMF says its staff look forward to furthering discussions to identify spending and revenue measures that can strengthen debt sustainability prospects

Updated 06 Jun, 2023 11:23am

Govt debt stocks rise to Rs58.6trn

KARACHI: The federal government’s borrowing from domestic and external resources rose by 22.5 percent during the...

Updated 06 Jun, 2023 08:47am

Inter-company dividends: Govt may provide relief from multiple taxation

ISLAMABAD: The government is likely to provide relief from multiple taxes on inter-company dividends in the coming...

Updated 06 Jun, 2023 08:45am

Business & Finance

Govt may allocate Rs6bn to 31 IT projects

ISLAMABAD: The government is likely to allocate Rs6 billion for 31 development projects including one new of the...

Published 06 Jun, 2023 05:33am

Gwadar district declared ‘tax-free zone’

QUETTA: The Balochistan government on Saturday declared Gwadar district as a tax-free zone, urging the Centre to...

Updated 04 Jun, 2023 09:30am

Business & Finance

Govt approves Rs4bn SG for Punjab’s export-oriented sectors

ISLAMABAD: Federal government on Wednesday approved a supplementary grant of Rs4 billion for a further gas subsidy ...

Published 01 Jun, 2023 03:34am

Opinion

Tax on undistributed reserves is ultra vires–I

It is being reported that the government is repeating once again the mistake of taxing undistributed reserves of a...

Published 30 May, 2023 03:37am

Markets

LPG AMPs of private sector: Govt approves new policy guidelines

ISLAMABAD: Federal government has approved new policy guidelines for the installation of LPG Air-Mix Plants (AMPs) ...

Published 30 May, 2023 03:37am

Formation of JC to probe audio leaks: SC suspends operation of notification

ISLAMABAD: The Supreme Court suspended the operation of the notifications and stayed the proceedings of the inquiry...

Updated 27 May, 2023 08:49am

Gainers
Losers
Leaders

Stock	Price
Kohinoor Power / Nov 28 Kohinoor Power Company Limited(KOHP)	4.70 ▲ 0.82 (21.13%)
Saritow Spinning / Nov 28 Saritow Spinning Mills Limited(SSML)	6.90 ▲ 0.90 (15.00%)
Hira Textile / Nov 28 Hira Textile Mills Limited(HIRAT)	2.23 ▲ 0.27 (13.78%)
Service Textile / Nov 28 Service Industries Textiles Limited(SERT)	10.11 ▲ 1.00 (10.98%)
Shaheen Ins. / Nov 28 Shaheen Insurance Company Limited(SHNI)	3.74 ▲ 0.29 (8.41%)
Chakwal Spinning / Nov 28 Chakwal Spinning Mills Limited(CWSM)	2.20 ▲ 0.17 (8.37%)
Premier Insurance / Nov 28 Premier Insurance Limited(PINL)	7.90 ▲ 0.58 (7.92%)
Safe Mix Con.Lt / Nov 28 Safe Mix Concrete Limited(SMCPL)	13.70 ▲ 1.00 (7.87%)
Saif Textile / Nov 28 Saif Textile Mills Limited(SAIF)	12.40 ▲ 0.88 (7.64%)
Calcorp / Nov 28 Calcorp Limited(CASH)	19.91 ▲ 1.39 (7.51%)

Stock	Price
Samba Bank / Nov 28 Samba Bank Limited(SBL)	7.85 ▼ -0.66 (-7.76%)
Metro Steel / Nov 28 Metropolitan Steel Corporation Limited(MSCL)	24.97 ▼ -2.02 (-7.48%)
Bank of Khyber / Nov 28 The Bank of Khyber(BOK)	11 ▼ -0.80 (-6.78%)
Leather Up Ltd. / Nov 28 Leather Up Limited(LEUL)	11.01 ▼ -0.76 (-6.46%)
Ask.Gen.Insur. / Nov 28 Askari General Insurance Company Limited(AGIC)	17.71 ▼ -1.18 (-6.25%)
Indus Dyeing / Nov 28 Indus Dyeing & Manufacturing Co. Limited(IDYM)	157 ▼ -9.65 (-5.79%)
J.A.Textile / Nov 28 J.A. Textile Mills Limited(JATM)	51 ▼ -3.10 (-5.73%)
Bannu Woollen / Nov 28 Bannu Woollen Mills Limited(BNWM)	30 ▼ -1.78 (-5.60%)
Punjab Mod / Nov 28 First Punjab Modaraba(FPJM)	1.60 ▼ -0.09 (-5.33%)
HBL Growth Fund / Nov 28 HBL Growth Fund(HGFA)	8.33 ▼ -0.46 (-5.23%)

Stock	Volume
Kohinoor Spining / Nov 28 Kohinoor Spinning Mills Limited(KOSM)	109,392,000 ▲ 0.03
WorldCall Telecom / Nov 28 Worldcall Telecom Limited(WTL)	43,313,979 ▲ 0.06
Yousuf Weaving / Nov 28 Yousaf Weaving Mills Limited(YOUW)	22,758,500 ▼ -0.18
Treet Corp. (R) / Nov 28 Treet Corporation Limited (R)(TREETR2)	22,554,741 ▼ -0.14
Maple Leaf Cement / Nov 28 Maple Leaf Cement Factory Limited(MLCF)	17,865,589 ▲ 0.11
D.G.K.Cement / Nov 28 D.G. Khan Cement Company Limited(DGKC)	15,655,201 ▲ 1.84
Agritech Limited / Nov 28 Agritech Limited(AGL)	15,233,500 ▲ 0.63
Pak Elektron / Nov 28 Pak Elektron Limited(PAEL)	14,205,993 ▼ -0.01
P.I.A.C.(A) / Nov 28 Pakistan International Airlines Corp(PIAA)	13,108,000 ▼ -0.13
B.O.Punjab / Nov 28 The Bank of Punjab(BOP)	13,103,901 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 28	285.85
USD PKR Interbank Buying / Nov 28	285.35
USD to Japanese Yen / Nov 28	148.25
USD to Swiss Franc / Nov 28	0.88
Pound Sterling to USD / Nov 28	1.26
Euro to USD / Nov 28	1.10
UK LIBOR % / Nov 27	5.46

Stock	Volume
S&P 500 / Nov 27	4550.43
Nasdaq / Nov 27	14241.02
Dow Jones / Nov 27	35333.47
India Sensex / Nov 28	65983.73
Tokyo Nikkei / Nov 28	33370.40
Hang Seng / Nov 28	17485.79
FTSE 100 / Nov 28	7442.27
Germany DAX 30 / Nov 28	15941.55
France CAC40 / Nov 28	7237.40

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 27	17735
Gold 10 Grams PKR / Nov 27	185614
Crude Oil USD/Barrel / Nov 28	74.99
Gold Spot USD/Ounce / Nov 28	2015.58
Cotton US¢/pound / Nov 28	79.06

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