Topic

FY24 budget

SBP reduces key policy rate by 100bps, takes it to 19.5%

Updated 29 Jul, 2024 07:42pm

Majority analysts expected cut, it was the quantum of reduction that had them divided

Social protection in Pakistan

Updated 29 Jul, 2024 07:13am

In Pakistan poverty levels have reached a high of 40 percent, equivalent to those in Sub Sahara Africa, and hence...

IMF says its mission to visit this month

Updated 06 May, 2024 09:00am

KARACHI: An International Monetary Fund mission is expected to visit Pakistan this month to discuss a new programme,...

Balochistan govt presents Rs750 billion budget for 2023-24

Updated 19 Jun, 2023 10:39pm

Rs437 billion have been allocated for non-development expenditure

Residual thoughts on FY24 budget

Published 19 Jun, 2023 07:12am

The budget 2023-24 envisages 23.7 billion dollars of external borrowing – an amount premised on a rupee dollar...

Budget places emphasis on ‘growth-inducing’ sectors: PM Shehbaz

Published 12 Jun, 2023 03:56pm

Says procurement of crude oil from Russia is part of energy security plan

Budget FY24 – what’s there for IT?

Published 12 Jun, 2023 08:34am

The IT sector was among the sectors that received some relief measures in the Budget. According to the finance...

Budget 2023-24: incentives fail to entice stakeholders in IT sector

Published 10 Jun, 2023 01:43am

Say measures are insufficient to raise exports substantially

Budget 2023-24: price of imported used cars over 1,300cc to get expensive

Published 10 Jun, 2023 01:21am

The government has withdrawn the cap of fixed duties and taxes on the import of old and used vehicles of ‘Asian...

On digital payments: services tax on restaurants in ICT reduced in federal budget

Updated 09 Jun, 2023 07:35pm

Under the ICT (tax on services) Ordinance, 2001, the government of Pakistan proposed to reduce services tax on...

How experts view the upcoming budget announcement

Updated 09 Jun, 2023 05:22pm

Business Recorder reaches out to experts to know their expectations for budget

There will be no winners, say experts ahead of budget announcement

Updated 07 Jun, 2023 08:35pm

Trapped in economic crisis coupled with political instability and lingering IMF programme, govt seems to have its hands tied

You don’t need AI to predict Dar’s budget speech. This is how it will likely go

Updated 06 Jun, 2023 11:59pm

Finance Minister Ishaq Dar is scheduled to announce the budget proposals this Friday. He last announced the budget...

Pro-agriculture budget expected by brokerage house

Published 06 Jun, 2023 03:55pm

Given the increased strain on the import bill in recent times, the government is expected to prioritise the...

Govt shares some details of federal budget with IMF

Updated 06 Jun, 2023 11:23am

IMF says its staff look forward to furthering discussions to identify spending and revenue measures that can strengthen debt sustainability prospects

Budget FY24: govt could take steps ‘to appease public’, says Topline

Published 03 Jun, 2023 06:27pm

Facing massive political pressure, the government could take steps “to appease the public” in the upcoming budget...

Delay in IMF programme ‘unprecedented’, says Dar

Updated 03 Jun, 2023 08:09pm

Finance minister believes there is no technical reason for the delay
Slams 'pseudo-intellectuals' who have predicted country will default

Moot on upcoming FY24 budget: Realtors urge FBR to abolish CVT on foreign assets thru finance bill

Published 03 Jun, 2023 03:52am

ISLAMABAD: D evelopers, builders have strongly proposed to the Federal Board of Revenue (FBR) to abolish Capital...

Companies scramble for emergency meetings amid reports of proposal to tax reserves

Published 30 May, 2023 06:14pm

Reports of the Reform and Revenue Mobilisation Commission’s (RRMC) proposal to tax accumulated reserves of companies...

Federal budget to be made keeping all constraints in view: Ishaq Dar

Updated 30 May, 2023 11:33pm

Says government will try to provide as much relief to public as possible

IMF continues its engagement with govt: Porter

Updated 30 May, 2023 11:23am

Focusing on restoration of foreign exchange proper market functioning, passage of a fiscal year 2024 budget consistent with program goals, and adequate financing to pave way for a Board meeting before the current program expires at June-end

JI urges govt to prepare ‘interest-free budget’

Published 27 May, 2023 06:09am

ISLAMABAD: Jamaat-e-Islami (JI) Pakistan has urged the government to prepare and present an interest-free budget for...

FY24 budget: RRMC recommends cashless purchases at petrol pumps

Updated 26 May, 2023 12:53pm

ISLAMABAD: The Reforms & Revenue Mobilization Commission (RRMC) has recommended that petrol stations across the...

Tax targets for FY24

Updated 25 May, 2023 07:04am

EDITORIAL: Chairman Federal Board of Revenue, Asim Ahmed, while talking exclusively to Business Recorder, subsequent...

Budget FY24: SAPM Pasha vows full support to exporters, SMEs

Published 25 May, 2023 06:26am

FAISALABAD: Serious and dedicated efforts would be made to resolve the problems confronted by the exporters and SME...

Budget on June 9: Expand tax base urgently, PM asks economic team

Updated 24 May, 2023 12:31pm

Chairs meeting regarding the preparation of the budget for the financial year 2023-24

FY24 Budget: Rs9.2trn tax collection target expected

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 16	278.50
USD PKR Interbank Buying / Jun 16	278.30
USD to Japanese Yen / Jun 16	160.39
USD to Swiss Franc / Jun 16	0.79
Pound Sterling to USD / Jun 16	1.34
Euro to USD / Jun 16	1.16
SOFR % / Jun 16	3.65

Stock	Volume
S&P 500 / Jun 16	7,511.35
India Sensex / Jun 16	76,808.48
Tokyo Nikkei / Jun 16	69,404.50
Nasdaq / Jun 16	26,376.34
Hang Seng / Jun 16	24,493.95
FTSE 100 / Jun 16	10,494.21
Dow Jones / Jun 16	51,999.67
Germany DAX 30 / Jun 16	24,910.41
France CAC40 / Jun 16	8,447.27

Item	Value
Gold 10 Grams PKR / Jun 15	389,600
Crude Oil USD/Barrel / Jun 16	76.52
Karachi Cotton PKR/37.32 KG / Jun 16	20,280
Gold Spot USD/Ounce / Jun 16	4,335.39
Cotton US¢/pound / Jun 16	77.75
Petrol/Litre / Jun 17	373.78
Diesel/Litre / Jun 17	378.78

Gainers
Losers
Leaders

Stock	Price
First Fid. Leasing / Jun 16 First Fidelity Leasing Modaraba(FFLM)	15.36 ▲ 2.67 (21.04%)
Pak. P.V.C. / Jun 16 Pakistan PVC Limited(PPVC)	34.60 ▲ 6.01 (21.02%)
Pak Stock Exchange / Jun 16 Pakistan Stock Exchange Limited(PSX)	52.70 ▲ 9.15 (21.01%)
Crescent Steel / Jun 16 Crescent Steel & Allied Products Limited(CSAP)	116.84 ▲ 20.28 (21%)
National Silk / Jun 16 The National Silk & Rayon Mills Limited(NSRM)	195.13 ▲ 33.87 (21%)
Service Textile / Jun 16 Service Industries Textiles Limited(SERT)	42.82 ▲ 7.43 (20.99%)
MACPAC Films / Jun 16 MACPAC Films Limited(MACFL)	72.73 ▲ 12.61 (20.97%)
Power Cem(Pref) / Jun 16 Power Cement (Pref)(POWERPS)	28.77 ▲ 4.97 (20.88%)
Ansari Sug. / Jun 16 Ansari Sugar Mills Limited(ANSM)	24.39 ▲ 4.1 (20.21%)
Nets Internat.Comm. / Jun 16 Nets International Communication Limited(GEMNETS)	33.43 ▲ 5.53 (19.82%)

Stock	Price
Ideal Spinning / Jun 16 Ideal Spinning Mills Limited(IDSM)	69.48 ▼ -8.96 (-11.42%)
Askari Life Assur. / Jun 16 Askari Life Assurance Company Limited(ALAC)	23.10 ▼ -2.44 (-9.55%)
Universal Ins. / Jun 16 The Universal Insurance Company Limited(UVIC)	22.60 ▼ -2.28 (-9.16%)
Frontier Ceramics / Jun 16 Frontier Ceramics Limited(FRCL)	74.97 ▼ -6.17 (-7.6%)
Idrees Tex. / Jun 16 Idrees Textile Mills Limited(IDRT)	46.69 ▼ -3.41 (-6.81%)
Data Agro / Jun 16 Data Agro Limited(DAAG)	91.73 ▼ -6.34 (-6.46%)
Gulshan Sp. / Jun 16 Gulshan Spinning Mills Limited(GSPM)	6.11 ▼ -0.39 (-6%)
GOC (Pak) / Jun 16 GOC (Pak) Limited.(GOC)	117.18 ▼ -5.82 (-4.73%)
Sakrand Sugar / Jun 16 Sakrand Sugar Mills Limited(SKRS)	26.05 ▼ -1.22 (-4.47%)
D.S. Ind. Ltd. / Jun 16 D.S. Industries Limited(DSIL)	10.86 ▼ -0.48 (-4.23%)

Stock	Volume
Lotte Chemical / Jun 16 Lotte Chemical Pakistan Limited(LOTCHEM)	108,119,661 ▼ -0.25
Pak Int.Bulk / Jun 16 Pakistan International Bulk Terminal(PIBTL)	49,523,210 ▲ 0.84
Siddiqsons Tin / Jun 16 Siddiqsons Tin Plate Limited(STPL)	43,732,572 ▲ 0.46
Sui South Gas / Jun 16 Sui Southern Gas Company Limited(SSGC)	42,975,274 ▲ 3.46
K-Electric Ltd. / Jun 16 K-Electric Limited(KEL)	40,115,690 ▲ 0.09
B.O.Punjab / Jun 16 The Bank of Punjab(BOP)	40,078,444 ▲ 1.77
WorldCall Telecom / Jun 16 Worldcall Telecom Limited(WTL)	37,091,776 ▲ 0.02
TPL Corp Ltd / Jun 16 TPL Corp Limited(TPL)	34,505,206 ▲ 2.1
TPL Properties / Jun 16 TPL Properties Limited(TPLP)	31,351,342 ▲ 0.37
Maple Leaf Cement / Jun 16 Maple Leaf Cement Factory Limited(MLCF)	28,293,781 ▲ 7.15

FY24 budget

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