Growth-focused budget: IMF acquiescence, not consent? • Rs8.49trn FY22 outlay is based on 4.8pc growth target and increased spending on public sector development • ... Published 12 Jun, 2021 06:04am
Budgets KP business community terms Budget FY22 balanced PESHAWAR: Business community here on Friday termed the federal budget for fiscal year 2021-22, as a 'balanced',... Updated 12 Jun, 2021 05:36am
17pc GST on sales via online marketplace ISLAMABAD: The sales of goods through an online marketplace have been subjected to 17 percent sales tax by... Published 12 Jun, 2021 05:04am
Around Rs506bn taxation measures unveiled ISLAMABAD: The government has taken measures of around Rs506 billion, including taxation measures of Rs264 billion... Published 12 Jun, 2021 05:04am
Power subsidies raised by over 300pc ISLAMABAD: The federal government has increased power sector subsidies by over 300 percent to Rs 510 billion for... Published 12 Jun, 2021 05:04am
Disposal of cars prior to registration: Concept of additional tax to curb 'on money' introduced ISLAMABAD: The Finance Bill 2021-22 has introduced the concept of additional tax on disposal of vehicles prior to ... Published 12 Jun, 2021 05:04am
Textile sector takes a dim view of FY22 budget KARACHI: The textile sector has termed the measures, announced by the government in the budget, as insufficient for ... Published 12 Jun, 2021 05:04am
Allocation for defence raised by 6.2percent ISLAMABAD: Allocation for defence for Fiscal Year 2021-22 has been raised by 6.2 percent, from Rs1.292 trillion in... Published 12 Jun, 2021 05:04am
PML-N lawmakers tasked with blocking passage of budget ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) President and Leader of Opposition in the National Assembly Shehbaz... Published 12 Jun, 2021 05:04am
No relief for poor in budget: PML-N LAHORE: Pakistan Muslim League-Nawaz (PML-N) has rejected budget 2021-22, saying the incompetent government has... Published 12 Jun, 2021 05:04am
Courts dispose of Tareen's, son's bail petitions as withdrawn LAHORE: Two sessions courts here Friday disposed of bail petitions of former Secretary Pakistan Tehreek-e-Insaf... Published 12 Jun, 2021 05:04am
LHC dismisses sugar mills petition LAHORE: The Lahore High Court (LHC) on Friday dismissed a petition of JDW Sugar Mills, owned by Pakistan... Published 12 Jun, 2021 05:04am
Monsoon: CM for arrangements to meet threat of flood LAHORE: Chief Minister Punjab Sardar Usman Buzdar visited Head Qadirabad Barrage, to review the inflow and outflow ... Published 12 Jun, 2021 05:04am
Professor gunned down in Karachi KARACHI: A private engineering college's educator has been gunned down by unidentified assailants on a motorcycle... Published 12 Jun, 2021 05:04am
Educational centres: Punjab to announce summer vacations within two weeks LAHORE: The Punjab government on Friday said summer vacations will be announced within two weeks, as the intense ... Published 12 Jun, 2021 05:04am
Guard killed, Rs8m looted in Hyderabad bank heist HYDERABAD: A security guard was killed while trying to foil a heist at a private bank branch in Hyderabad on Friday.... Published 12 Jun, 2021 05:04am
G7 leaders convene summit drive for billion jabs CARBIS BAY, (United Kingdom): G7 leaders Friday opened their first in-person talks in nearly two years, touting an... Published 12 Jun, 2021 05:04am
Two killed, including child, in Florida shooting MIAMI: Two people including a child were shot dead in a grocery store in Florida on Thursday, the latest in a series... Published 12 Jun, 2021 05:04am
Rover leaves 'China's imprint' on Mars BEIJING: Solar panel "wings" spread out and two camera "eyes" pointing ahead, China's Mars rover Zhurong struck a... Published 12 Jun, 2021 05:04am
The Weather KARACHI: The weather report on Friday (June 11, 2021) and the forecast for Saturday (June 12, 2021).... Published 12 Jun, 2021 05:04am
Rates.BR Index PSX manages gains: BRIndex100 slightly up KARACHI: Pakistan Stock Exchange Friday witnessed a mixed trend as the investors remained cautious ahead of the... Published 12 Jun, 2021 05:04am
Letters 'Grappling with climate change' This is apropos a Business Recorder editorial "Grappling with climate change" carried by the newspaper on Thursday.... Published 12 Jun, 2021 05:04am
The G7 at Cornwall The meetings of Group of Seven (G7) at Cornwall in the United Kingdom (UK) come at a very crucial time, primarily... Published 12 Jun, 2021 05:04am
At least 23 pilgrims die in Khuzdar bus crash KHUZDAR: A bus crammed with pilgrims coming back from a religious festival crashed in Khudar on Friday killing at... Published 12 Jun, 2021 05:04am
Centre not giving promised money to provinces, claims PPPP ISLAMABAD: The Pakistan People's Party Parliamentarians (PPPP) information secretary Shazia Atta Marri said the... Published 12 Jun, 2021 05:04am
Four PAF officers promoted ISLAMABAD: The government has promoted four Pakistan Air Force (PAF) officers to the rank of Air Vice Marshal on... Published 12 Jun, 2021 05:04am
Minister says zero forced loadshedding across country ISLAMABAD: Federal Minister for Energy Hammad Azhar on Friday shared that there has been zero forced load shedding ... Published 12 Jun, 2021 05:04am
Energy Asia's naphtha crack drops on near-term demand SINGAPORE Asia's naphtha crack extended declines on Thursday, falling to a two-week low, after cracker turnarounds ... Published 12 Jun, 2021 05:04am
Energy Exports of gasoline from Asia to US rebounded NEW DELHI/SINGAPORE: Exports of gasoline and blend stocks from Asia to the United States rebounded in May from ... Published 12 Jun, 2021 05:04am
Rates.Ports Activities of Karachi Port Trust, Port Qasim KARACHI: The Karachi Port Trust handled 146,662 tonnes of cargo comprising 99,645 tonnes of import cargo and 47,017... Published 12 Jun, 2021 05:04am
Stocks China stocks dip SHANGHAI: China stocks ended lower on Friday, dragged down by liquor and financial firms, and posted a second... Published 12 Jun, 2021 05:04am
Stocks European stocks hit record peak AMSTERDAM/LONDON: European stocks scaled a record high on Friday, buoyed by hopes that major central banks will... Published 12 Jun, 2021 05:04am
Stocks FTSE 100 posts best week in over a month LONDON: London's FTSE 100 index ended higher on Friday, helped by gains in mining and financial stocks, while a... Published 12 Jun, 2021 05:04am
Energy Oil prices reach fresh multi-year highs NEW YORK: Oil prices reached fresh multi-year highs on Friday, heading for a third straight week of gains on an... Published 12 Jun, 2021 05:04am
Stocks Friday's midday trade: Wall Street flat with Fed meet in focus NEW YORK: US stock indexes were flat on Friday as focus turned to next week's Federal Reserve meeting, while... Published 12 Jun, 2021 05:04am
Rates.LME LME official prices LONDON: The following were Thursday official prices.... Published 12 Jun, 2021 05:04am
Rates.Ports Shipping Intelligence KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (June 11, 2021).... Published 12 Jun, 2021 05:04am
Forex Dollar's rate in interbank market KARACHI: Interbank closing rates for dollar on Friday (June 11, 2021). ======================== Bid Rate Rs... Published 12 Jun, 2021 05:04am
Forex Kerb buying and selling rate of US dollar KARACHI: Dollar buying and selling rate in the kerb market in rupees on Friday (June 11, 2021).... Published 12 Jun, 2021 05:04am
Rates.The Rupee THE RUPEE: Mixed behaviour again KARACHI: On Friday, PKR again displayed mixed movement but in reverse. This time it went up against USD in interbank... Published 12 Jun, 2021 05:04am
Rates Revised Rates of Debt Securities KARACHI: The following were the revised rates of debt securities on Friday (June 11, 2021).... Published 12 Jun, 2021 05:04am
Rates Cross Transactions between Client to Client & Financial Institutions KARACHI: The following were the cross transactions between client to client & financial institutions here on... Published 12 Jun, 2021 05:04am
Rates Member to Member KARACHI: The following transactions member to member subsequently reported on Friday (June 11, 2021).... Published 12 Jun, 2021 05:04am
Stocks NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL) KARACHI: National Clearing Company declares daily settlement information for local & foreign investors on Friday... Published 12 Jun, 2021 05:04am
Rates.BR Index BRIndex100 and BR Sectoral Indices KARACHI: BRIndex100 and BR Sectoral Indices on Friday (June 11, 2021). ==================================== BR... Published 12 Jun, 2021 05:04am
Stocks Electronic/credit of dividend warrants/bonus/right share certificates KARACHI: Electronic/credit of dividend warrants/bonus/right share certificates.... Published 12 Jun, 2021 05:04am
Rates.PSX BOARD MEETINGS KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange.... Published 12 Jun, 2021 05:04am
Rates.PSX Dividend/Bonus Announcements KARACHI: Dividend/Bonus announcements by the companies listed on the Pakistan Stock Exchange.... Published 12 Jun, 2021 05:04am
Stocks Last date of renunciation/payment KARACHI: Last dates of renunciation/payment.... Published 12 Jun, 2021 05:04am
Rates.PSX Proposed right issues KARACHI: Right issues proposed by companies listed on Pakistan Stock Exchange.... Published 12 Jun, 2021 05:04am
Rates.PSX Clearing Schedule for T+2 System KARACHI: Pakistan Stock Exchange's Clearing Schedule for T+2 System.... Published 12 Jun, 2021 05:04am
Stocks Dates of Closure of Books & Annual General Meetings KARACHI: Dates of Closure of Books and holding of Ordinary and Extra-Ordinary General Meetings of companies listed ... Published 12 Jun, 2021 05:04am
Rates.EFU EFU TAKAFUL CONSERVATIVE FUND RATES KARACHI: EFU Takaful Conservative Fund Rates on Friday (June 11, 2021). ======================== Offer Price... Published 12 Jun, 2021 05:04am
Rates.EFU EFU TAKAFUL AGGRESSIVE FUND RATES KARACHI: EFU Takaful Aggressive Fund Rates on Friday (June 11, 2021). ======================== Offer Price... Published 12 Jun, 2021 05:04am
Rates.EFU EFU TAKAFUL GROWTH FUND RATES KARACHI: EFU Takaful Growth Fund Rates on Friday (June 11, 2021). ======================== Offer Price 1,367.6602... Published 12 Jun, 2021 05:04am
Rates.EFU EFU AGGRESSIVE FUND RATES KARACHI: EFU Aggressive Fund Rates on Friday (June 11, 2021). ======================== Offer Price 1,600.7810 Bid... Published 12 Jun, 2021 05:04am
Rates.EFU EFU GUARANTEED GROWTH FUND RATES KARACHI: EFU Guaranteed Growth Fund Rates on Friday (June 11, 2021). ======================== Offer Price... Published 12 Jun, 2021 05:04am
Rates.EFU EFU Aitemad Growth Fund Rates KARACHI: EFU Aitemad Growth Fund Rates on Friday (June 11, 2021). ======================== Offer Price 1,620.6437... Published 12 Jun, 2021 05:04am
Rates.EFU EFU Capital Growth Fund Rates KARACHI: EFU Capital Growth Fund Rates on Friday (June 11, 2021). ======================== Offer Price 477.9322... Published 12 Jun, 2021 05:04am
Rates.EFU EFU Pension Growth Fund Rates KARACHI: EFU Pension Growth Fund Rates on Friday (June 11, 2021). ======================== Offer Price 384.9707... Published 12 Jun, 2021 05:04am
Rates.EFU EFU Managed Growth Fund Rates KARACHI: EFU Managed Growth Fund Rates on Friday (June 11, 2021). ======================== Offer Price 2,078.3506... Published 12 Jun, 2021 05:04am
Rates.JLI JLI CAPITAL GROWTH TAKAFUL FUND KARACHI: JLI Capital Growth Takaful Fund Rates on Friday (June 11, 2021). ======================== Offer Price... Published 12 Jun, 2021 05:04am
Rates.JLI JLI MANAGED TAKAFUL FUND KARACHI: JLI Managed Takaful Fund Rates on Friday (June 11, 2021). ======================== Offer Price ... Published 12 Jun, 2021 05:04am
Rates.JLI JLI YAQEEN GROWTH FUND RATES KARACHI: JLI Yaqeen Growth Fund Rates on Friday (June 11, 2021). ======================== Offer Price 1,481.9768... Published 12 Jun, 2021 05:04am
Rates.JLI JLI MEESEQ Fund Rates KARACHI: JLI Meeseq Fund Rates on Friday (June 11, 2021). ======================== Offer Price 1,238.5992 Bid... Published 12 Jun, 2021 05:04am
Rates.JLI JLI Capital Growth Fund Rates KARACHI: Jubilee Life Insurance Capital Growth Fund Rates on Friday (June 11, 2021). ======================== Offer... Published 12 Jun, 2021 05:04am
Rates.JLI JLI Managed Growth Fund Rates KARACHI: Jubilee Life Insurance Managed Growth Fund Rates on Friday (June 11, 2021). ======================== Offer... Published 12 Jun, 2021 05:04am
Rates.KIBOR Kibor interbank offered rates KARACHI: Kibor interbank offered rates on Friday (June 11, 2021). ========================== KIBOR... Published 12 Jun, 2021 05:04am
Rates.LIBOR LIBOR interbank offered rates LONDON: London Interbank Offered Rates (LIBOR) on Friday (June 11, 2021).... Published 12 Jun, 2021 05:04am
Forex Currency values in terms of Special Drawing Rights WASHINGTON: The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special... Published 12 Jun, 2021 05:04am
Forex Open market rates of foreign currencies KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Friday (June 11,... Published 12 Jun, 2021 05:04am
Forex Banks rates for currency notes (buying and selling) KARACHI: The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on ... Published 12 Jun, 2021 05:04am
Rates.SBP Bill buying rates per unit of currency KARACHI: Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank ... Published 12 Jun, 2021 05:04am
Rates.LIBOR LIBOR calculating interest on US dollar KARACHI: London Interbank Offer Rates on for calculating interest on special US dollar on Friday (June 11, 2021).... Published 12 Jun, 2021 05:04am
Forex Currency notes: exchange rates KARACHI: Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan... Published 12 Jun, 2021 05:04am
Forex Exchange rates: buying and selling KARACHI: Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (June 11,... Published 12 Jun, 2021 05:04am
Rates.Banks Barclays bid rates and maximum rates for payment of interest KARACHI: Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than... Published 12 Jun, 2021 05:04am
Rates.SBP State Bank of Pakistan conversion rates KARACHI: Rates applicable for conversion into rupees of Foreign Currency Deposits Published 12 Jun, 2021 05:04am
'Friendly' budget relies on industrial growth It is a confidence booster budget and the direction is right. Commerce and industrial policies are attempted to be... Published 12 Jun, 2021 05:04am
Extremely generous Eidi? The budget 2021-22 can best be described as an extremely generous Eidi to the people of this country: 10 percent... Updated 12 Jun, 2021 01:43pm
ACD cut on goods falling under 2,436 tariff lines: RD on 80 non-essential, luxury items increased ISLAMABAD: The Federal Board of Revenue (FBR) has increased the regulatory duties on the import of 80... Published 12 Jun, 2021 05:04am
Businessmen term budget 'positive' and 'progressive' LAHORE: The Federation of Pakistan Chambers of Commerce and Industry's Businessmen Panel and the Pakistan Industrial... Published 12 Jun, 2021 05:04am
Cottage industry: Threshold for compulsorily registered persons raised to Rs10m ISLAMABAD: The federal government has enhanced the threshold for the compulsorily registered persons within cottage... Published 12 Jun, 2021 05:04am
WHT rates reduced to 10percent: Industry status for telecom sector proposed ISLAMABAD: The government has proposed the industrial status for telecom sector, reduced withholding tax rates from... Published 12 Jun, 2021 05:04am
Rs102bn earmarked for 97 power projects ISLAMABAD: The federal government has earmarked Rs 102 billion for 97 power sector projects/schemes for 2021-22 ... Published 12 Jun, 2021 05:04am
Joint opposition vows to block passage of budget ISLAMABAD: The joint opposition in the National Assembly, on Friday rejected the Pakistan Tehreek-e-Insaf (PTI)... Published 12 Jun, 2021 05:04am
Finance Bill laid in Senate ISLAMABAD: Finance Minister Shaukat Tarin Friday laid a copy of the Finance Bill 2021-22 in the Senate amidst ... Published 12 Jun, 2021 05:04am
Rs250bn set aside for BISP ISLAMABAD: Benazir Income Support Programme (BISP) has seen an increase of 25 percent with the allocation of Rs 250... Published 12 Jun, 2021 05:04am
Rs252bn to be raised through sell-off proceeds ISLAMABAD: The federal government has budgeted to generate Rs252 billion from privatisation proceeds in financial... Published 12 Jun, 2021 05:04am
China calls Covid-19 lab-leak theory absurd WASHINGTON/BEIJING: US Secretary of State Antony Blinken stressed the need for cooperation and transparency over the... Published 12 Jun, 2021 05:04am
Unscheduled load-shedding: Top officials grilled by Nepra ISLAMABAD: National Electric Power Regulatory Authority (Nepra), on Friday grilled top officials of Discos and KE ... Published 12 Jun, 2021 05:04am
Neelum Jhelum Hydropower Project: Wapda seeks Rs10.3 tariff per unit for 30 years ISLAMABAD: Water and Power Development Authority (Wapda) has sought levelized tariff of Rs10.3 (Cents 6.2440) per... Published 12 Jun, 2021 05:04am
No FED levy on internet data usage: Azhar ISLAMABAD: Federal Minister for Energy Hammad Azhar said the prime minister or the Cabinet did not approve the... Published 12 Jun, 2021 05:04am
The Budget EDITORIAL: Arguably, there exist two serious flaws in the Pakistan's economy that are primarily responsible for the... Published 12 Jun, 2021 05:04am
Money & Banking Reza Baqir appointed IFSB chairman KARACHI: Governor State Bank of Pakistan Dr Reza Baqir has been appointed as the Chairman of the General Assembly of... Published 12 Jun, 2021 05:04am
Taxes FBR proposes 'Export Promotion Scheme' ISLAMABAD: The Federal Board of Revenue (FBR) has proposed a new scheme under the name of Export Promotion Scheme... Published 12 Jun, 2021 05:04am
Industry July-April 2020-21: Overall output of LSMI increases by 12.84pc ISLAMABAD: The overall output of Large Scale Manufacturing Industries (LSMI) increased by 12.84 percent for... Published 12 Jun, 2021 05:04am
Budgets KCCI terms budget growth-oriented KARACHI: Karachi Chamber of Commerce and Industry (KCCI) appreciated the proposed federal budget 2021-22, terming it... Published 12 Jun, 2021 05:04am
Budgets Around Rs3.059trn to be spent on debt servicing ISLAMABAD: The country will spend around Rs 3.059 trillion on debt servicing including interest payments and ... Published 12 Jun, 2021 05:04am
Budgets Rs91.97bn earmarked for education affairs, services ISLAMABAD: The government has earmarked Rs 91.97 billion for the education affairs and services in the federal ... Published 12 Jun, 2021 05:04am