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May 11, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2013-06-13
Upto 100 percent duty cut on hybrid cars announced

Upto 100 percent duty cut on hybrid cars announced

The government has announced major reduction in duties and taxes on the import of the Hybrid Electric Vehicles (HEVs) ranging from 25 to 100 percent, depending on their engine capacity. Under the Finance Bill (2013-14), to encourage hybrid vehicles for co
Published 13 Jun, 2013 12:00am
Pepco's installed capacity to be enhanced

Pepco's installed capacity to be enhanced

The federal government has set the target to enhance the installed capacity of Pakistan Electric Power Company (Pepco) by 2026 MW in 2013-14. Pepco's actual installed capacity was 20,443 MW in 2011-12 which was revised to 21,014 MW in 2012-13. The incumbe
Published 13 Jun, 2013 12:00am
10 percent FED imposed on 1800cc cars

10 percent FED imposed on 1800cc cars

The government has imposed 10 percent federal excise duty (FED) on the motor vehicles of cylinder capacity of 1800cc or above. According to the Finance Bill (2013-14) released here on Wednesday, 10 percent FED would be applicable on motor cars, SUVs and o
Published 13 Jun, 2013 12:00am
10 percent FED imposed on 1800cc cars

10 percent FED imposed on 1800cc cars

The government has imposed 10 percent federal excise duty (FED) on the motor vehicles of cylinder capacity of 1800cc or above. According to the Finance Bill (2013-14) released here on Wednesday, 10 percent FED would be applicable on motor cars, SUVs and o
Published 13 Jun, 2013 12:00am
Business community criticises new taxation measures

Business community criticises new taxation measures

Business community has expressed that prices of all goods produced in the country or imported will go up as a result of new taxation measures and increase in sales tax rate from 16 percent to 17 percent in the budget 2013-14 which will ultimately add to t
Published 13 Jun, 2013 12:00am
FBR given access to banks' database

FBR given access to banks' database

The government has amended the Income Tax Ordinance 2001 and inserted section 165A, whereby banks would now be bound by law to provide information including online access to bank's central database containing details of its accountholders and all transact
Published 13 Jun, 2013 12:00am
Budget disappoints business community, government employees

Budget disappoints business community, government employees

Business community and government employees in Khyber Pakhtunkhwa have expressed disappointment over the federal budget for financial year 2013-14, adding it had overburdened the people and will increase corruption. Talking to Business Recorder, Zi
Published 13 Jun, 2013 12:00am
Investigation, Prosecution to work together in Khyber Pakhtunkhwa

Investigation, Prosecution to work together in Khyber Pakhtunkhwa

The Additional Inspector General Police ((Investigation) and Director General Prosecution have agreed to work with co-operation and co-ordination for getting the culprits convicted. The meeting was also attended by Asif Zafar Cheema, Deputy Inspector Gene
Published 13 Jun, 2013 12:00am
Resolving missing persons' issue Nawaz assures BNP-M delegation

Resolving missing persons' issue Nawaz assures BNP-M delegation

Prime Minister Muhammad Nawaz Sharif urged representatives of Balochistan National Party (BNP- Mengal) to play active role in national mainstream, and PM also lauded their party's participation in recently held general elections. He was talking to Dr Saji
Published 13 Jun, 2013 12:00am
CNG cylinders: LHC summons Deputy AG for June 20

CNG cylinders: LHC summons Deputy AG for June 20

The Lahore High Court here Wednesday summoned Deputy Attorney General for June 20 to ascertain that which institution is empowered to ensure standard of CNG cylinders. The petitioners, owners of different CNG stations, submitted that representatives of di
Published 13 Jun, 2013 12:00am
BRIndex30 gains 117.76 points

BRIndex30 gains 117.76 points

On Wednesday, BRIndex30 opened at 14,177.63. It touched an intraday high of 14,413.15 and an intraday low of 14,144.90 and closed at 14,295.39 which was 117.76 points or 0.83 percent higher than previous close. Total volume was 176,900,800, which was 50.1
Published 13 Jun, 2013 12:00am
Revenue boost: fresh Rs 206 billion taxation measures proposed

Revenue boost: fresh Rs 206 billion taxation measures proposed

The government has taken new taxation/administrative measures worth Rs 206 billion for improving revenue generation imposing 0.5 percent Income Support Levy (ISL) on net movable assets/wealth exceeding Rs 1 million, enhancing sales tax rate from 16 to 17
Published 13 Jun, 2013 12:00am
Revenue boost: fresh Rs 206 billion taxation measures proposed

Revenue boost: fresh Rs 206 billion taxation measures proposed

The government has taken new taxation/administrative measures worth Rs 206 billion for improving revenue generation imposing 0.5 percent Income Support Levy (ISL) on net movable assets/wealth exceeding Rs 1 million, enhancing sales tax rate from 16 to 17
Published 13 Jun, 2013 12:00am
Revenue boost: fresh Rs 206 billion taxation measures proposed

Revenue boost: fresh Rs 206 billion taxation measures proposed

The government has taken new taxation/administrative measures worth Rs 206 billion for improving revenue generation imposing 0.5 percent Income Support Levy (ISL) on net movable assets/wealth exceeding Rs 1 million, enhancing sales tax rate from 16 to 17
Published 13 Jun, 2013 12:00am
Revenue boost: fresh Rs 206 billion taxation measures proposed

Revenue boost: fresh Rs 206 billion taxation measures proposed

The government has taken new taxation/administrative measures worth Rs 206 billion for improving revenue generation imposing 0.5 percent Income Support Levy (ISL) on net movable assets/wealth exceeding Rs 1 million, enhancing sales tax rate from 16 to 17
Published 13 Jun, 2013 12:00am
Rs 240.434 billion set aside for subsidies

Rs 240.434 billion set aside for subsidies

The government has earmarked Rs 240.434 billion in federal budget 2013-14 for subsidies against Rs 208.595 billion allocated in 2012-13 and revised amount of Rs 367.472 billion. Finance Minister Ishaq Dar announced in the National Assembly that subsidies
Published 13 Jun, 2013 12:00am
Rs 240.434 billion set aside for subsidies

Rs 240.434 billion set aside for subsidies

The government has earmarked Rs 240.434 billion in federal budget 2013-14 for subsidies against Rs 208.595 billion allocated in 2012-13 and revised amount of Rs 367.472 billion. Finance Minister Ishaq Dar announced in the National Assembly that subsidies
Published 13 Jun, 2013 12:00am
Rs 240.434 billion set aside for subsidies

Rs 240.434 billion set aside for subsidies

The government has earmarked Rs 240.434 billion in federal budget 2013-14 for subsidies against Rs 208.595 billion allocated in 2012-13 and revised amount of Rs 367.472 billion. Finance Minister Ishaq Dar announced in the National Assembly that subsidies
Published 13 Jun, 2013 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (June 12, 2013).
Published 13 Jun, 2013 12:00am
Rs 240.434 billion set aside for subsidies

Rs 240.434 billion set aside for subsidies

The government has earmarked Rs 240.434 billion in federal budget 2013-14 for subsidies against Rs 208.595 billion allocated in 2012-13 and revised amount of Rs 367.472 billion. Finance Minister Ishaq Dar announced in the National Assembly that subsidies
Published 13 Jun, 2013 12:00am
Election Outlook-XXII: 'Creative destruction'?

Election Outlook-XXII: 'Creative destruction'?

The announcement-exactly one month after the May 11 vote-of Budget 2013-14 has provided the new government an opportunity to make its presence felt in an effective and meaningful manner and cause a strong effect on the situation, although it faces a range
Published 13 Jun, 2013 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (June 12, 2013).
Published 13 Jun, 2013 12:00am
Election Outlook-XXII: 'Creative destruction'?

Election Outlook-XXII: 'Creative destruction'?

The announcement-exactly one month after the May 11 vote-of Budget 2013-14 has provided the new government an opportunity to make its presence felt in an effective and meaningful manner and cause a strong effect on the situation, although it faces a range
Published 13 Jun, 2013 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (June 12, 2013).
Published 13 Jun, 2013 12:00am
A thrust towards macroeconomic stabilisation?

A thrust towards macroeconomic stabilisation?

The budget for 2013-14 disappointed general public expectations with the newly installed PML (N) government - expectation that were focused on relief after a five year steady erosion of the value of the rupee rather than a thrust toward macroeconomic stab
Published 13 Jun, 2013 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (June 12, 2013).
Published 13 Jun, 2013 12:00am
A thrust towards macroeconomic stabilisation?

A thrust towards macroeconomic stabilisation?

The budget for 2013-14 disappointed general public expectations with the newly installed PML (N) government - expectation that were focused on relief after a five year steady erosion of the value of the rupee rather than a thrust toward macroeconomic stab
Published 13 Jun, 2013 12:00am
A thrust towards macroeconomic stabilisation?

A thrust towards macroeconomic stabilisation?

The budget for 2013-14 disappointed general public expectations with the newly installed PML (N) government - expectation that were focused on relief after a five year steady erosion of the value of the rupee rather than a thrust toward macroeconomic stab
Published 13 Jun, 2013 12:00am
A thrust towards macroeconomic stabilisation?

A thrust towards macroeconomic stabilisation?

The budget for 2013-14 disappointed general public expectations with the newly installed PML (N) government - expectation that were focused on relief after a five year steady erosion of the value of the rupee rather than a thrust toward macroeconomic stab
Published 13 Jun, 2013 12:00am
Dar's the die-hard optimist

Dar's the die-hard optimist

Dar, a certified chartered accountant, very smartly used creative accounting to falsely take the credit for slashing the fiscal deficit by 2.5 percent of GDP in the upcoming first year of PML-N's government. The budget deficit for the outgoing fiscal year
Published 13 Jun, 2013 12:00am
Dar's the die-hard optimist

Dar's the die-hard optimist

Dar, a certified chartered accountant, very smartly used creative accounting to falsely take the credit for slashing the fiscal deficit by 2.5 percent of GDP in the upcoming first year of PML-N's government. The budget deficit for the outgoing fiscal year
Published 13 Jun, 2013 12:00am
Dar''s the die-hard optimist

Dar''s the die-hard optimist

Dar, a certified chartered accountant, very smartly used creative accounting to falsely take the credit for slashing the fiscal deficit by 2.5 percent of GDP in the upcoming first year of PML-N''s government. The budget deficit for the outgoing fiscal yea
Published 13 Jun, 2013 12:00am
Dar's the die-hard optimist

Dar's the die-hard optimist

Dar, a certified chartered accountant, very smartly used creative accounting to falsely take the credit for slashing the fiscal deficit by 2.5 percent of GDP in the upcoming first year of PML-N's government. The budget deficit for the outgoing fiscal year
Published 13 Jun, 2013 12:00am
A 13 percent hike in defence budget envisaged

A 13 percent hike in defence budget envisaged

Federal government envisages 13 percent increase in the defence budget for the financial year 2013-14, taking the total defence budget allocation to Rs 627 billion, according to Federal Budget 2013-14 announced on Wednesday. The 2012-13 budget allocation
Published 13 Jun, 2013 12:00am
A 13 percent hike in defence budget envisaged

A 13 percent hike in defence budget envisaged

Federal government envisages 13 percent increase in the defence budget for the financial year 2013-14, taking the total defence budget allocation to Rs 627 billion, according to Federal Budget 2013-14 announced on Wednesday. The 2012-13 budget allocation
Published 13 Jun, 2013 12:00am
A 13 percent hike in defence budget envisaged

A 13 percent hike in defence budget envisaged

Federal government envisages 13 percent increase in the defence budget for the financial year 2013-14, taking the total defence budget allocation to Rs 627 billion, according to Federal Budget 2013-14 announced on Wednesday. The 2012-13 budget allocation
Published 13 Jun, 2013 12:00am
A 13 percent hike in defence budget envisaged

A 13 percent hike in defence budget envisaged

Federal government envisages 13 percent increase in the defence budget for the financial year 2013-14, taking the total defence budget allocation to Rs 627 billion, according to Federal Budget 2013-14 announced on Wednesday. The 2012-13 budget allocation
Published 13 Jun, 2013 12:00am
At a glance

At a glance

Sales Tax rate raised to 17%
Published 13 Jun, 2013 12:00am
At a glance

At a glance

Sales Tax rate raised to 17%
Published 13 Jun, 2013 12:00am
At a glance

At a glance

Sales Tax rate raised to 17%
Published 13 Jun, 2013 12:00am
At a glance

At a glance

Sales Tax rate raised to 17%
Published 13 Jun, 2013 12:00am
Bullish trend prevails on LSE

Bullish trend prevails on LSE

Bullish sentiments prevailed on the Lahore Stock Exchange on Wednesday and the equities registered gains amid ascending transaction volume on account of fresh buying in select shares. The LSE-25 index gained 41.43 points to close at 4678.14 against 4636.7
Published 13 Jun, 2013 12:00am
Bullish trend prevails on LSE

Bullish trend prevails on LSE

Bullish sentiments prevailed on the Lahore Stock Exchange on Wednesday and the equities registered gains amid ascending transaction volume on account of fresh buying in select shares. The LSE-25 index gained 41.43 points to close at 4678.14 against 4636.7
Published 13 Jun, 2013 12:00am
ISE equities move upward

ISE equities move upward

Bulls dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities continued to move in upward direction with positive trend at the ISE amid increase in index. ISE Ten Index showed an improvement of 74.62 points as the ISE Ten Index move
Published 13 Jun, 2013 12:00am
ISE equities move upward

ISE equities move upward

Bulls dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities continued to move in upward direction with positive trend at the ISE amid increase in index. ISE Ten Index showed an improvement of 74.62 points as the ISE Ten Index move
Published 13 Jun, 2013 12:00am
Index gains 115.50 points

Index gains 115.50 points

On the day of presentation of Budget 2013-14 in National Assembly, Karachi Stock Exchange (KSE) witnessed bull-run and the benchmark-100 index bagged 115.50 points to close at 22,324.57 points against 22,209.07 points Tuesday. The local bourse which opene
Published 13 Jun, 2013 12:00am
Index gains 115.50 points

Index gains 115.50 points

On the day of presentation of Budget 2013-14 in National Assembly, Karachi Stock Exchange (KSE) witnessed bull-run and the benchmark-100 index bagged 115.50 points to close at 22,324.57 points against 22,209.07 points Tuesday. The local bourse which opene
Published 13 Jun, 2013 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.
Published 13 Jun, 2013 12:00am
Index gains 115.50 points

Index gains 115.50 points

On the day of presentation of Budget 2013-14 in National Assembly, Karachi Stock Exchange (KSE) witnessed bull-run and the benchmark-100 index bagged 115.50 points to close at 22,324.57 points against 22,209.07 points Tuesday. The local bourse which opene
Published 13 Jun, 2013 12:00am
Record water flow in River Indus in a decade

Record water flow in River Indus in a decade

Due to fast melting of snow over the mountains after increase in day temperature, the water flow in the mighty Indus has touched record 2,72,000 cusecs in the month of June in a decade. The previous highest flow of 2,05,000 cusecs was in the year 2005 on
Published 13 Jun, 2013 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (June 12, 2013).
Published 13 Jun, 2013 12:00am
Rs 59.28 billion allocated to education

Rs 59.28 billion allocated to education

The government has earmarked Rs 59.28 billion for Education Affairs and Services in the federal budget for 2013-14 against the revised allocation of Rs 52.37 billion for the outgoing year. Education is a provincial subject under the eighteenth constitutio
Published 13 Jun, 2013 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.
Published 13 Jun, 2013 12:00am
Rs 59.28 billion allocated to education

Rs 59.28 billion allocated to education

The government has earmarked Rs 59.28 billion for Education Affairs and Services in the federal budget for 2013-14 against the revised allocation of Rs 52.37 billion for the outgoing year. Education is a provincial subject under the eighteenth constitutio
Published 13 Jun, 2013 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.
Published 13 Jun, 2013 12:00am
Tarbela fourth extension project: pact to open escrow account signed

Tarbela fourth extension project: pact to open escrow account signed

In a significant development towards availing the financial assistance amounting to $840 million provided by the World Bank for construction of the 1410 MW Tarbela 4th Extension Hydropower Project, an agreement was signed among the Pakistan Water and Powe
Published 13 Jun, 2013 12:00am
The Weather

The Weather

The weather report on Wednesday (June 12, 2013) and the forecast for Thursday (June 13, 2013).
Published 13 Jun, 2013 12:00am
Tarbela fourth extension project: pact to open escrow account signed

Tarbela fourth extension project: pact to open escrow account signed

In a significant development towards availing the financial assistance amounting to $840 million provided by the World Bank for construction of the 1410 MW Tarbela 4th Extension Hydropower Project, an agreement was signed among the Pakistan Water and Powe
Published 13 Jun, 2013 12:00am
Tarbela fourth extension project: pact to open escrow account signed

Tarbela fourth extension project: pact to open escrow account signed

In a significant development towards availing the financial assistance amounting to $840 million provided by the World Bank for construction of the 1410 MW Tarbela 4th Extension Hydropower Project, an agreement was signed among the Pakistan Water and Powe
Published 13 Jun, 2013 12:00am
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