Trends - Fiscal Year - Business Recorder

Fiscal Year

Daunting fiscal challenges

Since the assumption of power in April 2022, the coalition government of Pakistan Democratic Movement (PDM) has been...

Published 31 Mar, 2023 06:45am

Around $17bn foreign debt incurred in FY22

Around $4.9 billion was taken from foreign commercial banks

Updated 26 Jul, 2022 10:00am

Rs 1526.6 billion set aside for defence services

ISLAMABAD: A sum of Rs1526.6 billion was budgeted for defence services for 2022-23, marking an increase of 11.17 per...

Updated 11 Jun, 2022 10:17am

Rs2,560bn direct taxes target set for next fiscal year

ISLAMABAD: The direct taxes target has been projected at Rs 2,560 billion for the next fiscal year against Rs 2,182...

Updated 08 Jun, 2022 10:13am

Essential food items: Tax exemptions will continue: FBR

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Asim Ahmed said Wednesday that the policy measures to be taken in...

Updated 12 May, 2022 09:43am

Jul-Mar trade deficit widens 70.1pc

ISLAMABAD: Trade deficit widened by 70.1 percent during the first nine months (July-March) of the current fiscal...

Updated 05 Apr, 2022 10:00am

Nov cement despatches increase 10.21pc YoY

LAHORE: Cement despatches registered an increase of 6.91 percent in November 2021 as total cement despatches during...

Published 07 Dec, 2021 06:29am

Pakistan

Difference in mark-up payment linked to maturity profile of PIBs

ISLAMABAD: The government's mark-up payable in the first quarter of 2021-22 is not precisely one quarter of the ...

Published 12 Nov, 2021 04:46am

Registered taxpayers: FBR tax demands yield Rs80.1bn in FY21

FBR report states that collection out of current demand has increased by a healthy 19.9 percent

Updated 11 Nov, 2021 09:53am

FBR exceeds Rs397bn Oct collection target

ISLAMABAD: The Federal Board of Revenue (FBR) has exceeded the assigned tax collection target of Rs397 billion set...

Updated 30 Oct, 2021 09:48am

World

Japan rakes in record sales tax revenue despite pandemic

TOKYO: Japan’s sales tax revenue in the last fiscal year topped 20 trillion yen ($180 billion) for the first time...

Published 02 Jul, 2021 04:20am

Business & Finance

Anjum Nisar calls for putting economy on high growth path

LAHORE: The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel Chairman Mian Anjum Nisar...

Published 20 Jun, 2021 03:39am

Opinion

Agri sector under the govt spotlight

It is quite true that agriculture is the only sector of the economy of Pakistan that can bring about economic growth...

Published 11 Jun, 2021 03:41am

Business & Finance

Exports increase by 13.97pc in 11 months

The exports during July-May (2020-21) were recorded at $22.560 billion against the exports of $19.795 billion during July-May (2019-20).

Published 09 Jun, 2021 06:45pm

Pakistan

Export of telecom, computer, info services register 43.61pc growth in 9 months of FY20-21

Pakistan has received $ 1,052.95 million by export of services in telecommunication, computer and information sectors during July 2020 to March 2021.

Published 08 Jun, 2021 07:39pm

Govt decides to postpone NGMS spectrum auction

ISLAMABAD: The government has decided in principle to postpone the auction of next generation mobile services (NGMS)...

Published 07 Jun, 2021 03:34am

Economy out of the woods now: PM

ZIARAT: Prime Minister Imran Khan on Tuesday said that with Gross Domestic Product (GDP) growth estimated at around...

Published 02 Jun, 2021 04:29am

Business & Finance

‘Cement exports surge by 252pc in April’

LAHORE: Cement sector posted robust growth of 40.41 percent in April 2021 when total cement despatches were...

Published 05 May, 2021 04:01am

ADB projects 2pc growth, 8.7pc inflation

ISLAMABAD: The Asian Development Bank (ADB), while projecting slower growth for agriculture sector of Pakistan, has...

Published 29 Apr, 2021 03:52am

Marketable securities: SBP unveils two more categories of PDs

KARACHI: The State Bank of Pakistan (SBP) has decided to introduce two additional categories of dealers, in addition...

Updated 13 Apr, 2021 09:30am

Business & Finance

IMF arrangement under EFF: Pakistan reaffirms commitment to economic policies

ISLAMABAD: Pakistan has reaffirmed its commitment to the policies and objectives of the economic programme supported...

Updated 09 Apr, 2021 09:19am

Business & Finance

Govt pledges to bring GST, PIT reforms in next budget

ISLAMABAD: Tax revenues, net of refunds, grew 12 percent on year to year while the government has pledged to the...

Updated 09 Apr, 2021 09:19am

1HFY21: Govt adds over Rs1trn to domestic debt

ISLAMABAD: The incumbent government has added Rs1.057 trillion to the domestic debt during the first six months of...

Published 02 Apr, 2021 04:58am

Jul-Feb FDI plunges 30pc YoY

KARACHI: Foreign Direct Investment (FDI) fell by 30 percent during the first eight months of this fiscal year ...

Published 18 Mar, 2021 03:56am

Markets

Japan to hike tariffs on US beef as FY imports near limit

Officials at Japan's agriculture and finance ministries declined to comment on the report, but noted that the import figure for early March will be released on Wednesday.

Published 16 Mar, 2021 12:13pm

Business & Finance

Cannabis producer Canopy Growth narrows loss in third quarter

The company said it will turn profitable by the second half of its next fiscal year and achieve positive operating cash flow in fiscal 2023.
Canopy's US-listed shares rose 2% in premarket trading on the Nasdaq.

Published 09 Feb, 2021 05:48pm

Pakistan

PASSD has demanded for Rs212mn for next fiscal year's 2 projects; NA body told

The committee directed for a comprehensive briefing in its next meeting on all the initiatives being carried out under the Ehsaas programme.

Published 04 Feb, 2021 09:33pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 23	278.42
USD PKR Interbank Buying / May 23	278.22
USD to Japanese Yen / May 23	156.74
USD to Swiss Franc / May 23	0.91
Pound Sterling to USD / May 23	1.27
Euro to USD / May 23	1.08

Stock	Volume
S&P 500 / May 22	5307.01
Nasdaq / May 22	16801.54
Dow Jones / May 22	39671.04
India Sensex / May 23	74667.86
Tokyo Nikkei / May 23	39034.80
Hang Seng / May 23	18845.59
FTSE 100 / May 23	8373.47
Germany DAX 30 / May 23	18748.98

Item	Value
Petrol/Litre / May 23	273.10
Crude Oil USD/Barrel / May 23	76.94
Karachi Cotton PKR/37.32 KG / May 23	19935
Gold 10 Grams PKR / May 23	207476
Gold Spot USD/Ounce / May 23	2362.37
Diesel/Litre / May 23	274.08

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 23 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 23 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 23 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 23 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 23 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 23 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 23 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 23 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 23 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 23 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 23 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 23 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 23 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 23 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 23 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 23 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 23 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 23 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 23 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 23 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 23 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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