Trends - Finance Bill 2022 - Business Recorder

Finance Bill 2022

Needed: an objectives-based and mission-oriented budget

‘…which is outcomes-based budgeting. First ask ourselves what needs to be done. What does it mean to tackle...

Published 03 Jun, 2022 05:56am

Budget session: President summons NA on 6th

ISLAMABAD: President Dr Arif Alvi has summoned the budget session of the National Assembly on June 6 (Monday), the...

Updated 02 Jun, 2022 09:53am

Business & Finance

KCCI team, Senate chief discuss economy, federal budget

KARACHI: A high-level delegation of the Karachi Chamber of Commerce and Industry (KCCI) led by Businessmen Group...

Published 01 Jun, 2022 07:10am

Business & Finance

ICAP prepares Model Federal Budget (2022-23)

ISLAMABAD: The Institute of Chartered Accountants of Pakistan (ICAP) has prepared a Model Federal Budget (2022-23) ...

Published 01 Jun, 2022 06:45am

Opinion

Fiscal affairs and Constitution

Ghalib once remarked that (In my construct, there is an element of malady). The genesis of fiscal malaise originates...

Published 01 Jun, 2022 05:53am

FY23: FBR considering SECP’s proposals

ISLAMABAD: The Federal Board of Revenue (FBR) is seriously considering the budget proposals of the Securities and...

Updated 01 Jun, 2022 10:10am

Editorials

The upcoming budget

EDITORIAL: Reports indicate that the budget 2022-23 holds the key to the success of the International Monetary...

Published 01 Jun, 2022 05:53am

Technology

FY23: Minister says $5bn IT export target set

ISLAMABAD: The government will target $5 billion in exports of the information technology (IT) sector for the next...

Published 01 Jun, 2022 05:53am

Opinion

IMF programme interregnum

The meetings between the IMF staff and the government’s economic team came to an end in Doha on the 25th of May....

Published 31 May, 2022 05:11am

Business & Finance

FY22 ‘There will be zero release of funds for development budget in last quarter’

ISLAMABAD: Public Sector Development Programme (PSDP) authorisation for July-March 2021-22 was 603.5 billion rupees...

Updated 31 May, 2022 10:40am

Business & Finance

Miftah praises proposals presented by businesspeople

ISLAMABAD: Federal Minister for Finance and Revenue, Miftah Ismail held a meeting with a delegation of businessmen ...

Updated 31 May, 2022 11:36am

Fate of 7th IMF EFF review dependent on FY23 budget composition

Technical level talks on the budget proposals will commence from today

Updated 31 May, 2022 10:07am

Banks: govt mulling raising super tax rate

ISLAMABAD: The Federal Board of Revenue (FBR) will propose “Super Tax” on certain sectors having annual turnover...

Updated 31 May, 2022 10:11am

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

Business & Finance

Govt urged to cut taxes to help businesses, SMEs grow

LAHORE: With a view to achieve consistency in economic growth of the country, the government will have to take solid...

Published 28 May, 2022 05:11am

Profit-earning sectors: Some kind of time-bound levy may be imposed

ISLAMABAD: The government is planning to impose some kind of time-bound levy or additional income tax on the annual...

Updated 27 May, 2022 10:00am

Business & Finance

Budget FY23: PBA seeks 29pc uniform tax rate

ISLAMABAD: Pakistan Banks Association (PBA) has proposed to the Federal Board of Revenue (FBR) to apply a uniform ...

Published 27 May, 2022 05:50am

POL products: Govt yet to project PL and GST rates for FY23

ISLAMABAD: The government has yet to project petroleum levy (PL) and general sales tax (GST) on petroleum products...

Updated 27 May, 2022 09:55am

Pakistan

Budget 2022-23: Minister proposes allocation of 10pc share of PSDP for dams’ construction

ISLAMABAD: Federal Minister for Water Resources Syed Khurshid Ahmad Shah proposed to allocate 10 percent share of ...

Published 26 May, 2022 05:26am

Business & Finance

Reshuffle in FBR ahead of budget

ISLAMABAD: The Federal Board of Revenue (FBR) has transferred and posted four senior officers of Pakistan Customs...

Updated 26 May, 2022 06:30am

Stalled IMF programme: Govt fails to successfully persuade IMF

ISLAMABAD: The talks between Pakistan and the International Monetary Fund (IMF) for the 7th review under the $6...

Updated 26 May, 2022 10:02am

Opinion

A fiscal quagmire: genesis

In the last article, many readers felt that there was no explanation as to how we came to this pass and what ...

Published 25 May, 2022 04:40am

Opinion

The rising public debt burden

The public debt of Pakistan consists of the domestic and external debt of the government plus debt owed to the IMF...

Published 24 May, 2022 05:35am

Business & Finance

Fixed tax scheme being worked out: Only small shopkeepers, not Tier-I retailers, to be covered

ISLAMABAD: The Federal Board of Revenue (FBR) is working on a simplified fixed tax scheme for small traders in the...

Published 24 May, 2022 05:35am

CM promises pro-poor budget

LAHORE: Announcing that the budget 2022-23 would be pro-poor, Punjab Chief Minister Hamza Shehbaz said on Monday...

Updated 24 May, 2022 09:26am

Editorials

Upcoming budget 2022-23

EDITORIAL: Tenth of June has been earmarked for the presentation of the budget in parliament with political and the...

Published 24 May, 2022 05:35am

‘FTO provided relief to over 1,900 taxpayers in five months’

Pakistan

The budget for 2022-23 along with the Finance Bill 2022 is scheduled to be presented in the National Assembly

Updated 21 May, 2022 10:51am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 7	278.32
USD PKR Interbank Buying / May 7	278.12
USD to Japanese Yen / May 7	154.44
USD to Swiss Franc / May 7	0.91
Pound Sterling to USD / May 7	1.26
Euro to USD / May 7	1.08

Stock	Volume
S&P 500 / May 6	5180.74
Nasdaq / May 6	16349.25
Dow Jones / May 6	38852.27
India Sensex / May 7	73503.22
Tokyo Nikkei / May 7	38775.44
Hang Seng / May 7	18439.46
FTSE 100 / May 7	8295.53
Germany DAX 30 / May 7	18257.19

Item	Value
Crude Oil USD/Barrel / May 7	78.61
Karachi Cotton PKR/37.32 KG / May 7	19935
Gold 10 Grams PKR / May 7	205761
Gold Spot USD/Ounce / May 7	2322.69
Cotton US¢/pound / May 7	77.61
Petrol/Litre / May 8	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 8 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 8 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 8 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 8 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 8 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 8 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 8 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 8 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 8 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 8 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 8 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 8 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 8 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 8 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 8 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 8 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 8 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 8 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 8 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 8 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 8 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 8 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 8 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 8 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 8 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 8 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 8 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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Finance Bill 2022

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