Trends - Budget 2020 21 - Business Recorder

Budget 2020 21

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

Budget 2021-22

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

Opinion

Economic management

Prime Minister Imran Khan continues to blame those operating in the private sector for high inflation through...

Published 01 Feb, 2021 03:39am

World

Biden says Trump Pentagon stalling transition, posing risks

Miller released a statement Monday saying the Pentagon's coordination efforts with the transition team "already surpass those of recent administrations with over three weeks to go."

Published 29 Dec, 2020 08:57am

Business & Finance

Rising cost govt’s ‘biggest challenge,’ says Jhagra, calls to control ‘unnecessary growth’

Jhagra in a series of tweets on Tuesday highlighted several issues faced by his province government and the government at large and was of the view that there is a need to “control unnecessary growth in the size of government.”

Published 23 Jun, 2020 05:10pm

Business & Finance

Engineering Services Excluded from Reduced Withholding Rates

This proposed amendment would be detrimental for the engineering service sector specially in the current scenario of Covid-19 where it will be difficult for many companies to survive.

Updated 20 Jun, 2020 06:27pm

Business & Finance

Budget 2020-21: Business leaders dismiss budget, expects economy to worsen further

An overwhelming 60pc of the respondents were of the view that the pandemic had an ‘Adverse’ or ‘Very Adverse’ impact on their businesses.

Published 20 Jun, 2020 12:58pm

Budget

Budget 2020-21: Balochistan budget to be presented today

As per details, the total outlay of the budget is estimated at Rs410 billion, under which it is proposed to allocate Rs305 billion for non-development expenditure and Rs105 billion for development budget.

Published 20 Jun, 2020 10:27am

Budget

Budget 2020-21: Jhagra presents Rs923bn KP budget, with maximum allocation for health

"It's budget day, at a difficult time, in the age of Coronavirus," said Jhagra in a tweet prior to budget session. "A budget in a year of challenges, where our resilience as a people will see us through," he added.

Updated 19 Jun, 2020 05:39pm

Budget

Budget 2020-21: KP budget to be presented today

Finance Minister KP Taimur Saleem Jhagra will present the budget, with a budget outlay of Rs923 billion and a deficit of Rs90 billion.

Published 19 Jun, 2020 11:07am

Budget

Budget 2020-21: CM Murad presents Rs1.24 trillion Sindh budget

The total outlay of the provincial budget for Financial Year 2020-21 stands at Rs1.24 trillion, with a deficit of Rs18.38 billion.

Updated 17 Jun, 2020 05:23pm

Budget

CM Murad to present Sindh Budget 2020-21 today

Amid the spread of coronavirus, the rules and regulations of the Sindh Assembly were changed, after which members will be able to attend the meeting online from their homes.

Published 17 Jun, 2020 11:27am

Business & Finance

Tax experts express possibility of Mini-Budget

The views were made during the Post Budget Conference held under the auspices of the Institute of Chartered Accountants of Pakistan. Various economists commented on the budget for the next financial year on video links.

Published 17 Jun, 2020 11:08am

Budget

Punjab Budget 2020-21: Hashim presents Rs2.2 trillion budget at Punjab Assembly

The total outlay of the budget is around Rs2240 billion.
"This tax relief package is the largest tax relief package in the history of Punjab," said the minister.

Updated 15 Jun, 2020 06:17pm

Budget

Punjab to announce Budget 2020-21 today

The health and education sectors have been included as top priorities of the government in the budget. It has been proposed to allocate Rs123bn for the primary healthcare sector which is an increase of 13 percent over the current financial year.

Published 15 Jun, 2020 11:12am

Pakistan

Federal govt presents people friendly budget

He said proper collection of taxes was necessary to run the country. The federal government had earmarked Rs13billion for three big hospitals of Karachi.
He said due to coronavirus even giving this relief was a big achievement.
He said the federal

Published 14 Jun, 2020 01:04am

Pakistan

FIEDMC chairman terms budget balanced

He said the government had allocated maximum funds for development projects which depicted that PTI leadership was sincere for national progress and prosperity.
He lauded the government for allocating maximum funds for education, agriculture, livesto

Published 14 Jun, 2020 12:51am

Pakistan

Govt presented balance budget in difficult situation of COVID- 19: Hammad Azhar

He said there was no other option for the government except to run the wheel of national economy.
He said coronavirus could not remove by lockdown but it was only way to slow down its spreading to other areas.
he said data of unemployed people was n

Published 14 Jun, 2020 12:47am

Budget

Government expects a net increase of 76% in capital receipts

The net capital receipts for 2020-21 have been estimated at Rs 1,463.2 billion against the budget estimates of Rs...

Published 12 Jun, 2020 06:05pm

Budget

Special measures at NA for the Budget Session amid coronavirus

One fourth of the total 342-member house will be present

Published 12 Jun, 2020 05:46pm

PM Imran signs budget 2020-21 document

The estimated outlay of the upcoming budget is around Rs7.5 trillion which will be presented in NA session later today

Published 12 Jun, 2020 02:54pm

Business & Finance

PM Khan to convene special federal cabinet meeting on Budget 2020-21

As per details, Advisor to PM on Finance Abdul Hafeez Sheikh will give a special briefing on the federal budget in the cabinet meeting.

Published 12 Jun, 2020 11:37am

Around Rs7.5 trillion budget to be presented today

The government is likely to set the revenue collection target at Rs5.1 trillion for the fiscal year 2020-21.

Published 12 Jun, 2020 03:51am

Business & Finance

Executive Summary of the Economic Survey 2019-20

The Pakistan Economic Survey 2019-20 consists of major economic indicators such as Growth and Investment, Agriculture, Manufacturing and Mining , Fiscal Development, Money and Credit , Capital Markets & Corporate Sector, Inflation, Trade and Payments , Pu

Updated 12 Jun, 2020 02:22am

Business & Finance

Govt bringing a relief budget, Hafeez Sheikh assures business community

To a query regarding tax refunds, Shaikh said the finance ministry was looking to enhance refunds from Rs5 million to Rs50 million depending on the fiscal space available.

Published 10 Jun, 2020 02:28pm

Business & Finance

Budget 2020-21: Pakistan's to target 2.3% growth after pandemic hit

“The GDP growth for 2020-21 is targeted at 2.3 percent with contributions from agriculture (2.9 percent), industry (0.1 percent) and services (2.8 percent).”

Published 10 Jun, 2020 11:58am

Hafeez Sheikh says govt not to impose new taxes in budget 2020-21

“A balance will be made between financial discipline and people’s expectations,” says Sheikh.
Sheikh said he said the government will fulfill the defense needs of the country as defense and security is the priority of the government.

Published 04 Jun, 2020 11:04am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 17	278.75
USD PKR Interbank Buying / Jan 17	278.65
USD to Japanese Yen / Jan 17	156.30
USD to Swiss Franc / Jan 17	0.92
Pound Sterling to USD / Jan 17	1.22
Euro to USD / Jan 17	1.03

Stock	Volume
S&P 500 / Jan 17	5,996.66
India Sensex / Jan 17	76,619.33
Tokyo Nikkei / Jan 17	38,451.46
Nasdaq / Jan 17	19,630.20
Hang Seng / Jan 17	19,584.06
FTSE 100 / Jan 17	8,505.22
Dow Jones / Jan 17	43,487.83
Germany DAX 30 / Jan 17	20,903.39

Item	Value
Crude Oil USD/Barrel / Jan 17	78.88
Karachi Cotton PKR/37.32 KG / Jan 17	18,785
Gold 10 Grams PKR / Jan 17	242,283
Gold Spot USD/Ounce / Jan 17	2,703.25
Cotton US¢/pound / Jan 17	67.60
Petrol/Litre / Jan 18	256.13

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 17 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.60 ▲ 1.00 (15.15%)
S.G.Power / Jan 17 S.G. Power Limited(SGPL)	9.51 ▲ 1.00 (11.75%)
Jahangir Sidd(Pref) / Jan 17 Jahangir Sidd(Pref)(JSCLPSA)	10.50 ▲ 1.00 (10.53%)
AN Textile Mill / Jan 17 AN Textile Mills Limited(ANTM)	12.82 ▲ 1.17 (10.04%)
Jah.Sidd. Co. / Jan 17 Jahangir Siddiqui & Co. Ltd.(JSCL)	23.62 ▲ 2.15 (10.01%)
Agritech Non-voting / Jan 17 Agritech Non-Voting Preference(AGLNCPS)	24.20 ▲ 2.20 (10.00%)
Arif Habib Ltd. / Jan 17 Arif Habib Limited(AHL)	66.21 ▲ 6.02 (10.00%)
Bilal Fibres / Jan 17 Bilal Fibres Limited(BILF)	15.95 ▲ 1.45 (10.00%)
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	77.09 ▲ 7.01 (10.00%)

Stock	Price
JS Global Banking / Jan 17 JS Global Banking Sector (ETF)(JSGBETF)	19.77 ▼ -2.75 (-12.21%)
First Capital Equities / Jan 17 First Capital Equities Limited(FCEL)	5.35 ▼ -0.72 (-11.86%)
Tariq Corp.Pref. / Jan 17 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7 ▼ -0.88 (-11.17%)
Service Textile / Jan 17 Service Industries Textiles Limited(SERT)	14.98 ▼ -1.66 (-9.98%)
Gulshan Sp. / Jan 17 Gulshan Spinning Mills Limited(GSPM)	4.01 ▼ -0.43 (-9.68%)
Zahid Jee Textile / Jan 17 Zahidjee Textile Mills Limited(ZAHID)	27.51 ▼ -2.70 (-8.94%)
Mandviwala / Jan 17 Mandviwala Mauser Plastic Industries(MWMP)	21.50 ▼ -2.00 (-8.51%)
Universal Ins. / Jan 17 The Universal Insurance Company Limited(UVIC)	9.23 ▼ -0.65 (-6.58%)
Tata Textile / Jan 17 Tata Textile Mills Limited(TATM)	47.10 ▼ -2.80 (-5.61%)

Stock	Volume
WorldCall Telecom / Jan 17 Worldcall Telecom Limited(WTL)	103,704,415 ▲ 0.01
Cnergyico PK / Jan 17 Cnergyico PK Limited(CNERGY)	37,108,232 ▲ 0.04
Hub Power Co. / Jan 17 The Hub Power Company Limited(HUBC)	36,743,585 ▲ 5.79
Hascol Petrol / Jan 17 Hascol Petroleum Limited(HASCOL)	32,265,861 ▲ 0.83
Dewan Motors / Jan 17 Dewan Farooque Motors Limited(DFML)	28,402,498 ▲ 2.84
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	24,195,904 ▲ 7.01
Pak Refinery / Jan 17 Pakistan Refinery Limited(PRL)	17,625,081 ▲ 0.94
Fauji Foods Ltd / Jan 17 Fauji Foods Limited(FFL)	16,675,539 ▲ 0.30
K-Electric Ltd. / Jan 17 K-Electric Limited(KEL)	16,024,776 ▲ 0.09

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Budget 2020 21

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