Trends - fiscal deficit - Business Recorder

fiscal deficit

‘Debt and fiscal space’

Business Recorder op-ed writer Dr Omer Javed deserves a lot of praise for articulating a highly informed argument on...

Published 25 Feb, 2023 06:23am

Finance (Supplementary) Bill, 2023 adopted: NA acquiesces to IMF tax stipulation

Finance Minister Ishaq Dar says bill proposed to minimise fiscal deficit

Updated 21 Feb, 2023 12:01pm

Opinion

The Finance (Supplementary) Bill 2023: a comment

General: The Finance Minister has laid Finance (Supplementary) Bill 2023 on the floor of the Parliament. (National...

Published 17 Feb, 2023 06:00am

First six months: Fiscal deficit swells to 2pc of GDP

ISLAMABAD: Fiscal deficit has been recorded at two per cent of the GDP or Rs1,683 billion during the first six ...

Updated 09 Feb, 2023 08:41am

Editorials

Austerity committee: austere approach?

EDITORIAL: The government has constituted a National Austerity Committee (NAC) with the objective of compiling a ...

Published 26 Jan, 2023 05:58am

Business & Finance

‘Austerity Committee’ constituted

ISLAMABAD: The government has constituted National Austerity Committee on Friday to take austerity measures for...

Published 21 Jan, 2023 07:09am

World

Bulgaria expects fiscal deficit of 1% of GDP for 2022

SOFIA: Bulgaria expects to end 2022 with a fiscal deficit of 1.5 billion levs ($821.11 million), equal to 1.0% of...

Published 31 Dec, 2022 12:45pm

Business & Finance

Q1 fiscal deficit soars to 1pc of GDP from 0.7pc of GDP YoY

ISLAMABAD: The government has closed the first quarter of the current fiscal year with one percent of GDP fiscal...

Published 06 Nov, 2022 03:44am

Jul 1-Sept 2 govt borrowing rises 21pc to Rs58bn YoY

KARACHI: The borrowing for budgetary support rose by 21 percent during a little over first two months of this fiscal...

Updated 17 Sep, 2022 09:57am

Opinion

Fiscal performance in 2021-22

The results of fiscal operations for 2021-22 have been released. It is a spectacle of one of the worst fiscal...

Published 24 Aug, 2022 05:08am

Opinion

FY2023: An auspicious start

Around mid-July, Pak-istan witnessed most volatile conditions in the forex market. Political turmoil, delays in...

Published 11 Aug, 2022 04:35am

Business & Finance

Rs 466.5bn raised via auction for MTBs

KARACHI: The federal government on Wednesday raised Rs 466.5 billion from the domestic banking system through the...

Published 11 Aug, 2022 04:35am

Pakistan

Austerity measures: FD issues office memorandum

ISLAMABAD: The Finance Division on Thursday issued an office memorandum of austerity measures for the ongoing fiscal...

Published 08 Jul, 2022 06:19am

Business & Finance

Auction for MTBs: Rs1.74trn mopped up to finance fiscal deficit

KARACHI: The federal government Wednesday borrowed Rs 1.74 trillion from domestic banking system to finance the...

Updated 30 Jun, 2022 09:49am

World

India aims to keep FY2023 fiscal deficit at last year’s level

NEW DELHI/MUMBAI: India’s government will not be able to cut its budget deficit this fiscal year as previously...

Published 24 Jun, 2022 07:18am

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

Business & Finance

1,000 items: expert underscores need for withdrawing GST

LAHORE: Renowned economist and academician Dr Qais Aslam has advised the government to withdraw General Sales Tax...

Published 14 May, 2022 04:05am

Opinion

Burgeoning fiscal deficit

The information on fiscal operations during the first three quarters of 2021-22 has been released recently by the...

Published 10 May, 2022 05:10am

BR Research

Fiscal turmoil: slipping out of hand

The fiscal deficit is slipping fast amidst drying fiscal financing options for the government. Government cash...

Published 29 Apr, 2022 09:47am

Business & Finance

With progress in IMF talks, external sector to stabilise gradually: expert

KARACHI: With progress made in talks between the government and the International Monetary Fund (IMF), Pakistan’s...

Published 27 Apr, 2022 06:11am

Nine months: fiscal deficit stands at 4pc of GDP

ISLAMABAD: The country’s overall fiscal deficit during the first three quarters of the current fiscal year –...

Updated 27 Apr, 2022 10:44am

Opinion

Economy: sanity must prevail

Times are tough. The fiscal deficit is slipping, and the circular debt is growing due to growing energy prices...

Published 25 Apr, 2022 05:42am

Govt may increase fiscal deficit to Rs5,600bn to discredit PTI: Tarin

ISLAMABAD: Leader of Pakistan Tehreek-e-Insaf (PTI) and former finance minister Shaukat Tarin on Wednesday said the...

Updated 21 Apr, 2022 10:44am

BR Research

Wanted: Shehbaz speed in Islamabad

Stocks, bonds, and currency markets rallied soon after the new government took office. Markets were jittery due to...

Published 13 Apr, 2022 08:09am

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

Opinion

Economic outlook for 2021-22

The motivation for this article lies in the macroeconomic projections for 2021-22 contained in the Annual Report for...

Updated 30 Nov, 2021 06:26am

Provincial surplus helps government contain Q1 fiscal deficit

Growth responsiveness to stimulus package more than anticipated, economy likely to surpass the annual growth target by a fair margin

Updated 27 Nov, 2021 12:18pm

BR Research

GDP rebase long overdue

The talk of the town in economic circles right now is that Pakistan’s total debt and liabilities stock has crossed...

Published 26 Nov, 2021 06:34am

Opinion

Budgetary outlay in Q1 of FY22

The information on fiscal operations during the first quarter of 2021-22 of the Federal and the provincial...

Updated 16 Nov, 2021 10:43am

MoF update, outlook: Jul-Aug fiscal deficit stands at 0.9pc of GDP

ISLAMABAD: The fiscal deficit during the first two months of the current fiscal year (Jul-Aug 2022) was recorded at...

Updated 29 Oct, 2021 01:55pm

Gainers
Losers
Leaders

Stock	Price
Pak Gen.Ins. / Mar 24 The Pakistan General Insurance Co. Ltd.(PKGI)	4.25 ▲ 0.39 (10.10%)
KASB Modaraba / Mar 24 KASB Modaraba(KASBM)	1.25 ▲ 0.11 (9.65%)
Khyber Tex. / Mar 24 Khyber Textile Mills Limited(KHYT)	297.60 ▲ 20.76 (7.50%)
Shield Corp. / Mar 24 Shield Corporation Limited(SCL)	244.99 ▲ 17.09 (7.50%)
Sapphire Fibres / Mar 24 Sapphire Fibres Limited(SFL)	1026.39 ▲ 71.60 (7.50%)
Tandlianwala Sugar / Mar 24 Tandlianwala Sugar Mills Limited(TSML)	83.72 ▲ 5.84 (7.50%)
Khairpur / Mar 24 Khairpur Sugar Mills Limited(KPUS)	57.38 ▲ 4.00 (7.49%)
Pakistan Services / Mar 24 Pakistan Services Limited(PSEL)	1277 ▲ 89.00 (7.49%)
Shahtaj Textile / Mar 24 Shahtaj Textile Limited(STJT)	84.22 ▲ 5.87 (7.49%)
Shakarganj / Mar 24 Shakarganj Limited(SML)	33.50 ▲ 2.33 (7.48%)

Stock	Price
Dewan Sugar / Mar 24 Dewan Sugar Mills Limited(DWSM)	2.22 ▼ -0.29 (-11.55%)
Pak Agro Pack. (GEM) / Mar 24 Pak Agro Packaging Limited (GEM)(GEMPAPL)	7.88 ▼ -1.00 (-11.26%)
HBL Invest Fund / Mar 24 HBL Investment Fund(HIFA)	1.55 ▼ -0.15 (-8.82%)
Kohat Textile / Mar 24 Kohat Textile Mills Limited(KOHTM)	10.55 ▼ -1.00 (-8.66%)
Colony Tex.Mills Ltd / Mar 24 Colony Textile Mills Limited(CTM)	2.41 ▼ -0.21 (-8.02%)
D.S. Ind. Ltd. / Mar 24 D.S. Industries Limited(DSIL)	2.22 ▼ -0.18 (-7.50%)
Gadoon Textile / Mar 24 Gadoon Textile Mills Limited(GADT)	193.33 ▼ -15.67 (-7.50%)
Philip Morris Pak. / Mar 24 Philip Morris (Pakistan) Limited(PMPK)	471.75 ▼ -38.25 (-7.50%)
Quetta Textile / Mar 24 Quetta Textile Mills Limited(QUET)	15.67 ▼ -1.27 (-7.50%)
Masood Textile / Mar 24 Masood Textile Mills Limited(MSOT)	41.42 ▼ -3.33 (-7.44%)

Stock	Volume
Fauji Cement / Mar 24 Fauji Cement Company Limited(FCCL)	17,487,500 ▼ -0.23
WorldCall Telecom / Mar 24 Worldcall Telecom Limited(WTL)	11,071,860 ▼ -0.02
Thatta Cement / Mar 24 Thatta Cement Company Limited(THCCL)	9,211,500 ▼ -0.16
Fauji Foods Ltd / Mar 24 Fauji Foods Limited(FFL)	7,792,084 ▼ -0.14
Ghani Glo Hol / Mar 24 Ghani Global Holdings Limited(GGL)	5,968,150 ▼ -0.59
Telecard Limited / Mar 24 Telecard Limited(TELE)	5,558,000 ▼ -0.52
Hascol Petrol / Mar 24 Hascol Petroleum Limited(HASCOL)	4,387,500 ▼ -0.11
Meezan Bank / Mar 24 Meezan Bank Limited(MEBL)	3,700,308 ▼ -0.27
Cnergyico PK / Mar 24 Cnergyico PK Limited(CNERGY)	3,587,106 ▼ -0.06
Maple Leaf Cement / Mar 24 Maple Leaf Cement Factory Limited(MLCF)	3,522,701 ▼ -0.31

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 22	285.50
USD PKR Interbank Buying / Mar 22	283.20
USD to Japanese Yen / Mar 24	130.13
USD to Swiss Franc / Mar 24	0.92
Pound Sterling to USD / Mar 24	1.23
Euro to USD / Mar 24	1.08
UK LIBOR % / Mar 22	4.56

Stock	Volume
S&P 500 / Mar 23	3948.72
Nasdaq / Mar 23	11787.40
Dow Jones / Mar 23	32105.25
India Sensex / Mar 24	57895.48
Tokyo Nikkei / Mar 24	27326.43
Hang Seng / Mar 24	19970.42
FTSE 100 / Mar 24	7408.41
Germany DAX 30 / Mar 24	15034.97
France CAC40 / Mar 24	7056.60

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 21	19235
Gold 10 Grams PKR / Mar 22	175068
Crude Oil USD/Barrel / Mar 24	69.79
Gold Spot USD/Ounce / Mar 24	1989.92
Cotton US¢/pound / Mar 24	77.60

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