Trends - Ateeq Ur Rehman - Business Recorder

Ateeq Ur Rehman

Imposing more taxes for generating more revenue no solution, says analyst

KARACHI: Ateeq Ur Rehman economic & financial analyst said that imposing more taxes for generating more revenue...

Published 06 Oct, 2024 02:44am

Business & Finance

‘Blue economy will enhance exports’

KARACHI: Discussing about Pakistan’s blue economy & maritime, unfortunately this area has not been addressed ...

Published 01 Sep, 2024 02:46am

Business & Finance

Cut in interest rate termed ‘insignificant’

KARACHI: Terming the recent cut in interest rate insignificant, experts and industry leaders have asked the State...

Published 31 Jul, 2024 06:40am

Business & Finance

‘Transit trade to boost economy’

KARACHI: Transit trade will not only become a source of enormous trade development but also a resource generation ...

Published 21 Jul, 2024 03:29am

Business & Finance

Analyst says salaried class overburdened

KARACHI: Ateequr Rehman, economic & financial analyst, said that the salaried class is overburdened with ...

Published 17 Jun, 2024 05:30am

Business & Finance

It’s not a ‘people-friendly’ budget: economist

KARACHI: Tough measures have been adopted in the federal budget 2024-25, and it is not at all a ...

Published 13 Jun, 2024 06:22am

Business & Finance

Foreign direct investment should be top priority, says economist

KARACHI: Anything or everything related to foreign direct investment should be the top priority instead of relying ...

Published 08 Jun, 2024 07:00am

Business & Finance

Upcoming budget: Pakistan may impose Rs1.3trn additional taxes

KARACHI: For further negotiation with our global lenders for extended fund facilities, the multilateral and ...

Published 11 May, 2024 06:22am

Business & Finance

More direct investment a must to boost economy: economist

KARACHI: More direct investment is a must for giving the national economy a big boost, said economic and financial...

Published 24 Apr, 2024 03:50am

Business & Finance

Further hike in power tariffs to raise cost-push inflation: economist

KARACHI: Ateeq ur Rehman, economic & financial analyst, has said that any further increase in electricity prices...

Published 18 Mar, 2024 04:56am

Business & Finance

Rising cost of doing business hurts growth of industries: analyst

KARACHI: By setting up our priorities we have to overcome the prevailing most daunting national economic challenges...

Published 25 Feb, 2024 04:51am

Pakistan

Economic challenges: Ateeq underlines broad-based reforms

KARACHI: Our Economic Frame Work faces serious challenges which need to be redressed by broad based reforms. There...

Published 22 Jan, 2024 05:38am

Business & Finance

Analyst says agri sector performed well despite challenges

KARACHI: Economic challenges in 2023 were quite bigger but we have seen tremendous progress in agriculture which...

Published 31 Dec, 2023 03:04am

Business & Finance

Inflation likely to escalate, warns economist

KARACHI: In Pakistan general inflation is constantly soaring, already surpassing almost 45% and it is expected to go...

Published 24 Dec, 2023 04:00am

Business & Finance

Concern voiced over new taxation ‘proposal’

KARACHI: The proposal for doubling tax collection from business individuals and salaried person will hurt the middle...

Published 17 Dec, 2023 03:01am

Business & Finance

‘Pakistan needs to attract FDI’

KARACHI: On the one hand Pakistan continues to face a very high fiscal deficit and on the other hand Pakistan’s...

Published 03 Dec, 2023 02:59am

Pakistan

Disparities fuelling poverty: expert

KARACHI: Many countries in the world have income disparities but we have too much income disparity; therefore the...

Published 26 Nov, 2023 03:31am

Business & Finance

Govt urged to focus on supply chain management

KARACHI: “We estimate that future drivers of country’s economic growth are agriculture, industry, mineral &...

Published 05 Nov, 2023 03:10am

Markets

Expert explains how hike in power tariffs hurting people

KARACHI: Extraordinary increase in the electricity charges has become a menace for the common man and industry, ...

Published 23 Oct, 2023 05:58am

Business & Finance

Growing national debt termed ‘a bad omen’

KARACHI: Pakistan’s total debt (external and domestic) is on surge, reaching the historic mark of Rs. 64 trillion...

Published 09 Oct, 2023 06:24am

Business & Finance

Need for widening tax net stressed

KARACHI: Depending on salaried class and organised sector for tax to GDP ratio is not a positive sign for economic...

Updated 02 Oct, 2023 07:23am

Business & Finance

‘High power cost damages industry, SMEs badly’

KARACHI: Increased cost of electricity is quite painful and it has damaged the industry, SMEs and the household...

Published 12 Sep, 2023 06:22am

Business & Finance

Economist argues PKR slide hurting market equilibrium

KARACHI: The burning problems of the common man, business & industrial community whether small or large are...

Published 04 Sep, 2023 06:21am

Business & Finance

Economic stabilization termed big challenge

KARACHI The stability of economy of our country is the main challenge now. The biggest challenge is the collapse of...

Published 21 Aug, 2023 06:48am

Business & Finance

Pakistani consumers pay highest energy tax: expert

KARACHI: The hike in energy rates is the biggest issue of our economy, as we are the highest tax paying energy...

Published 10 Jul, 2023 06:52am

Business & Finance

Factors behind unchanged Monetary Policy rate identified

KARACHI: State Bank keeps Monetary Policy rate unchanged at 21 percent for the next two months due to expected ease...

Published 14 Jun, 2023 06:21am

Business & Finance

Rising transportation costs fuelling inflation, says expert

KARACHI: In our country, the transportation cost is rising constantly and thus is unbearable. It has almost doubled...

Published 20 Mar, 2023 06:12am

Pakistan

Pakistan moving into 2023 without any default: analyst

KARACHI: The year 2022 while bidding farewell with some unpleasant memories, has brought some good news too that is...

Updated 01 Jan, 2023 01:16pm

Business & Finance

Expert stresses need for controlling inflation, govt spending

KARACHI: “Unless we control the prices of daily use items and slash the government expenditure, nothing will be...

Published 18 Dec, 2022 03:36am

Business & Finance

Analyst links survival of industries to reduction in power bills

KARACHI: Unless the ‘imposed charges’ on electricity bills are offloaded and the bills are reduced, the survival...

Published 11 Oct, 2022 05:54am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

Markets →

Budget 2024-25: income tax calculator for FY25

Ateeq Ur Rehman

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