Trends - Federal Government - Business Recorder

Federal Government

Base power tariff hiked by Rs4.96

ISLAMABAD: The federal government on Friday increased base tariff of electricity by Rs 4.96 per unit from July 1,...

Updated 15 Jul, 2023 09:30am

Business & Finance

TCP directed to immediately start purchasing cotton

LAHORE: Secretary Agriculture Punjab Iftikhar Ali Sahoo reiterated on Friday that the federal government has issued...

Published 15 Jul, 2023 06:08am

Airports’ outsourcing: Only management controls being given, NA panel told

ISLAMABAD: The government of Pakistan has initiated a process to outsource the operations and management at Karachi,...

Updated 14 Jul, 2023 08:49am

July-May LSMI output declines 9.87pc YoY

ISLAMABAD: The Large Scale Manufacturing Industries (LSMI) output has declined by 9.87 percent during July-May...

Updated 14 Jul, 2023 09:11am

Pakistan

LHC seeks reply from IK on ‘Cipher Controversy’ by 18th

LAHORE: The Lahore High Court (LHC) on Tuesday sought reply from PTI chairman Imran Khan by July 18 on an appeal of...

Published 12 Jul, 2023 06:39am

SC says taxing statute should be strictly construed regardless

ISLAMABAD: The Supreme Court held that a taxing statute should be construed strictly, even if the literal...

Updated 12 Jul, 2023 08:48am

PM optimistic about country’s agri prospects

ISLAMABAD: Prime Minister Shehbaz Sharif has termed the agriculture sector as backbone of the country, saying, it is...

Updated 11 Jul, 2023 09:00am

Sufficient inflows of USD mandatory: Relaxation on retiring of LCs not ‘unrestrained’: official

Information shared by Ministry of Industries and Production (MoI&P) informally with National Assembly Standing Committee on Industries and Production

Updated 11 Jul, 2023 09:06am

Pharmaceutical sector granted major tax relief

ISLAMABAD: The government has provided major tax relief to the pharmaceutical sector by allowing the reduced rate of...

Updated 10 Jul, 2023 08:51am

CPEC IPPs: Finance Division asks PD to adjust Rs20.726bn as advance payment

Finance Division has once again advised that Power Division may adjust the advance payments to CPEC-IPPs against next five months of FY 2023-24

Updated 08 Jul, 2023 05:15pm

Key objectives under new programme: To govt’s chagrin, IMF team calls on PTI chairman

ISLAMABAD/ LAHORE: The International Monetary Fund (IMF) has approached major political parties in Pakistan,...

Updated 08 Jul, 2023 08:56am

Opinion

Retrospective tax on windfall income discourages corporatization—I

A new Section 99D has been introduced in the Income Tax Ordinance 2001 (“ITO”) through the Finance Act 2023...

Updated 07 Jul, 2023 06:10am

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 19	278.45
USD PKR Interbank Buying / Apr 19	278.15
USD to Japanese Yen / Apr 19	154.37
USD to Swiss Franc / Apr 19	0.91
Pound Sterling to USD / Apr 19	1.24
Euro to USD / Apr 19	1.06

Stock	Volume
S&P 500 / Apr 18	5011.12
Nasdaq / Apr 18	15601.50
Dow Jones / Apr 18	37775.38
India Sensex / Apr 19	72222.48
Tokyo Nikkei / Apr 19	37068.35
Hang Seng / Apr 19	16205.02
FTSE 100 / Apr 19	7834.89
Germany DAX 30 / Apr 19	17717.67

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 18	21735
Gold 10 Grams PKR / Apr 18	214077
Petrol/Litre / Apr 19	293.94
Crude Oil USD/Barrel / Apr 19	84.27
Gold Spot USD/Ounce / Apr 19	2382.04
Diesel/Litre / Apr 19	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 19 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 19 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 19 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 19 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 19 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 19 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 19 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 19 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 19 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 19 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 19 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 19 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 19 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 19 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 19 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 19 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 19 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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