Trends - FY23 - Business Recorder

FY23

Pakistan as an export hub

EDITORIAL: Planning Minister Ahsan Iqbal’s claim that the government was striving to turn Pakistan into an export...

Published 15 Jul, 2023 06:08am

Business & Finance

FY23 remittances fall 13.6pc to $27bn YoY

KARACHI: Workers’ remittances declined by 13.6 percent to $27 billion in the fiscal year FY23 as compared to...

Published 11 Jul, 2023 06:08am

Jul-May period: C/A deficit narrows by 81pc on lower import bill

KARACHI: The country’s current account deficit fell sharply, ie, 81 percent during the first 11 months of the...

Updated 20 Jun, 2023 09:00am

Opinion

FY23: Uncovering drivers of economic performance

The National Account numbers for FY2023 have been published and, unfortunately, they paint a truly dismal picture of...

Published 30 May, 2023 03:37am

FY23 Q1 budget deficit rises 43pc to Rs809bn YoY

Budget deficit was 438 billion rupees in the same period of the last financial year

Updated 25 Dec, 2022 03:54pm

Markets

Analysts optimistic about prospects of Pakistan-Russia oil deal

KARACHI: Pakistan may save around $1.0 billion annually or 6.0 percent of the total energy bill of $18 billion...

Published 07 Dec, 2022 05:54am

Editorials

CAD: welcome decline

EDITORIAL: Pakistan’s current account deficit (CAD) has fallen sharply by 47 percent during the first four months...

Published 24 Nov, 2022 04:28am

Business & Finance

Lower imports: Jul-Oct CAD plummets 47pc YoY

KARACHI: The country’s current account deficit fell sharply by 47 percent during the first four months of this...

Published 22 Nov, 2022 03:23am

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

Business & Finance

Aug remittances post 8pc growth MoM

KARACHI: Inflows of workers’ remittances posted 8 percent growth during August 2022, the State Bank of Pakistan...

Published 14 Sep, 2022 04:45am

SBP sets Rs1.8trn agri credit target for FY23

KARACHI: The State Bank of Pakistan (SBP) has assigned annual agriculture credit disbursement target of Rs 1,800...

Updated 27 Aug, 2022 09:47am

Business & Finance

July remittances down 8pc YoY

KARACHI: Inflows of workers’ remittances fell by 8 percent during the first month of this fiscal year (FY23), the...

Published 17 Aug, 2022 06:07am

FY23 CAD will likely present a pleasant prospect

Experts expect it to clock in at $8.7 billion or 2.3% of GDP

Updated 09 Aug, 2022 09:24am

Business & Finance

India’s Punjab & Sind bank chief declares war against bad loans

MUMBAI: The focus for India’s Punjab & Sind Bank is to reduce its bad loans and improve recoveries to ensure...

Published 03 Aug, 2022 04:55am

Weighed mainly by global commodity prices: SBP sees FY23 most challenging for economy

Official says Pakistan’s import bill and political instability are main reasons for depreciation of the rupee

Updated 21 Jul, 2022 11:24am

Bond, money markets rally as yields fall 30-70bps

Analyst says yields have started falling since Pakistan reached accord with IMF

Updated 16 Jul, 2022 12:37pm

Inflation may remain on the higher side: SBP

KARACHI: The State Bank of Pakistan (SBP) Thursday forecast that inflation is likely to remain on the higher side...

Updated 08 Jul, 2022 09:27am

Business & Finance

Rs7.4trn FY23 target: Tola urges govt to ‘streamline’ taxation system

LAHORE: Leading tax expert Ashfaq Tola has urged the government to streamline its taxation system to attain a tax...

Published 30 Jun, 2022 06:07am

Pakistan

FY23 electricity charges: PU to make Rs795m payment

LAHORE: The Punjab University will pay Rs 795 million in the head of electricity charges during the year 2022-23....

Published 27 Jun, 2022 06:06am

Markets

Refineries: Ideal time to initiate ‘deep conversion’ project, say experts

KARACHI: This is high time for local refineries to execute ‘Deep Conversion Project’ which will increase ...

Published 24 Jun, 2022 06:15am

Editorials

Rewriting the budget 2022-23

EDITORIAL: The International Monetary Fund (IMF) has uncharacteristically uploaded the following sentence on its...

Published 24 Jun, 2022 06:15am

Pakistan

Donor agencies: Punjab expects $545.49m inflows in FY23

LAHORE: The Punjab government is expecting cash inflows amounting to US$ 545.49 million from different donor ...

Published 22 Jun, 2022 05:58am

Pakistan

Tax on banking sector enhanced to 42% from 39%, says Miftah while announcing budget proposals

Income tax threshold increased to Rs1.2m a year

Updated 11 Jun, 2022 02:16am

Business & Finance

Revival of IMF programme eyed: Budget to have steps to promote fiscal austerity, stabilisation: experts

KARACHI: Pakistan is eyeing revival of an IMF programme and it is likely that the upcoming budget will have measures...

Published 08 Jun, 2022 08:30am

PM given presentation on Rs800bn PSDP: NEC may propose 5pc growth target for FY23

ISLAMABAD: A meeting of the National Economic Council (NEC) is likely to review and approve the economic performance...

Updated 07 Jun, 2022 09:56am

Business & Finance

Govt to prioritise agriculture and exports in upcoming budget: Miftah

Will impose more taxes on the wealthy but no taxes will be levied on the salaried class, says finance minister

Updated 06 Jun, 2022 06:29pm

Opinion

FY23: The budget

Friday 10 June the budget for 2022-23 is scheduled to be laid before parliament by the unelected though a PML-N...

Published 06 Jun, 2022 05:57am

Rs800bn PSDP proposed for FY23, says planning minister

Pakistan

Gainers
Losers
Leaders

Stock	Price
Haseeb Waqas / Dec 1 Haseeb Waqas Sugar Mills Limited(HWQS)	10.38 ▲ 1.00 (10.66%)
Bela Auto / Dec 1 Bela Automotives Limited(BELA)	8.79 ▲ 0.81 (10.15%)
Dewan Sugar / Dec 1 Dewan Sugar Mills Limited(DWSM)	2.70 ▲ 0.21 (8.43%)
Sec. Inv. Bank / Dec 1 Security Investment Bank Limited(SIBL)	6.50 ▲ 0.46 (7.62%)
Bannu Woollen / Dec 1 Bannu Woollen Mills Limited(BNWM)	30.21 ▲ 2.11 (7.51%)
Chashma / Dec 1 Chashma Sugar Mills Limited(CHAS)	65.58 ▲ 4.58 (7.51%)
Crescent Steel / Dec 1 Crescent Steel & Allied Products Limited(CSAP)	43.53 ▲ 3.04 (7.51%)
IBL HealthCare / Dec 1 IBL HealthCare Limited(IBLHL)	39.95 ▲ 2.79 (7.51%)
Atlas Honda Ltd / Dec 1 Atlas Honda Limited(ATLH)	373.27 ▲ 26.04 (7.50%)
MithchellsFruit / Dec 1 Mitchells Fruit Farms Limited(MFFL)	245.32 ▲ 17.12 (7.50%)

Stock	Price
Nazir Cotton Mills / Dec 1 Nazir Cotton Mills Limited(NCML)	3.07 ▼ -0.83 (-21.28%)
Trust Mod. / Dec 1 Trust Modaraba(TRSM)	1.43 ▼ -0.17 (-10.63%)
Dar-es-Salaam / Dec 1 Dar-es-Salaam Textile Mills Limited(DSML)	8.30 ▼ -0.95 (-10.27%)
Trust Sec.& Brok. / Dec 1 Trust Securities & Brokerage Limited(TSBL)	9.06 ▼ -0.94 (-9.40%)
Jahangir Sidd(Pref) / Dec 1 Jahangir Sidd(Pref)(JSCLPSA)	8.51 ▼ -0.74 (-8.00%)
Ideal Sp. / Dec 1 Ideal Spinning Mills Limited(IDSM)	14.66 ▼ -1.19 (-7.51%)
AKD Hospitality / Dec 1 AKD Hospitality Limited(AKDHL)	159.28 ▼ -12.91 (-7.50%)
Blessed Tex. / Dec 1 Blessed Textiles Limited(BTL)	317.28 ▼ -25.72 (-7.50%)
Universal Network (GEM) / Dec 1 Universal Network Systems Limited (GEM)(GEMUNSL)	32.99 ▼ -2.67 (-7.49%)
Metro Steel / Dec 1 Metropolitan Steel Corporation Limited(MSCL)	21.37 ▼ -1.73 (-7.49%)

Stock	Volume
B.O.Punjab / Dec 1 The Bank of Punjab(BOP)	50,052,966 ▼ -0.21
Cnergyico PK / Dec 1 Cnergyico PK Limited(CNERGY)	35,689,157 ▼ -0.07
Pak Refinery / Dec 1 Pakistan Refinery Limited(PRL)	35,409,231 ▼ -0.13
Fauji Fert Bin / Dec 1 Fauji Fertilizer Bin Qasim Limited(FFBL)	32,650,500 ▲ 1.67
WorldCall Telecom / Dec 1 Worldcall Telecom Limited(WTL)	30,751,189 ▼ -0.01
Fauji Foods Ltd / Dec 1 Fauji Foods Limited(FFL)	30,039,307 ▲ 0.58
Kohinoor Spining / Dec 1 Kohinoor Spinning Mills Limited(KOSM)	23,573,500 ▼ -0.20
The Searle Co. / Dec 1 The Searle Company Limited(SEARL)	21,694,598 ▼ -0.38
Dewan Cement / Dec 1 Dewan Cement Limited(DCL)	21,032,000 ▲ 0.07
Fauji Cement / Dec 1 Fauji Cement Company Limited(FCCL)	15,482,500 ▲ 0.67

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 30	285.78
USD PKR Interbank Buying / Nov 30	285.23
USD to Japanese Yen / Nov 30	147.02
USD to Swiss Franc / Nov 30	0.87
Pound Sterling to USD / Nov 30	1.27
Euro to USD / Nov 30	1.10
UK LIBOR % / Nov 29	5.46

Stock	Volume
S&P 500 / Nov 29	4550.58
Nasdaq / Nov 29	14258.49
Dow Jones / Nov 29	35430.42
India Sensex / Nov 30	66809.11
Tokyo Nikkei / Nov 30	33486.89
Hang Seng / Nov 30	17042.88
FTSE 100 / Nov 30	7437.50
Germany DAX 30 / Nov 30	16203.24
France CAC40 / Nov 30	7279.08

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 29	17735
Gold 10 Grams PKR / Nov 29	185614
Crude Oil USD/Barrel / Nov 30	78.06
Gold Spot USD/Ounce / Nov 30	2044.28
Cotton US¢/pound / Nov 30	79.69

Avari Hotels, Avari family target of alleged blackmail & vilification campaign

FY23

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