Trends - Budget 2024 25 - Business Recorder

Budget 2024 25

Minimum wage revisited

Pakistan has an acceptable concept of minimum wage, just like many countries. The reason for imposing minimum wage ...

Published 05 Dec, 2024 07:20am

Editorials

External borrowing

EDITORIAL: Data released by the Economic Affairs Division indicates that foreign inflows for the first four months ...

Published 01 Dec, 2024 03:13am

Editorials

The Finance Minister’s defence

EDITORIAL: Finance Minister Muhammad Aurangzeb during his press briefing on Sunday appreciated the efforts towards...

Published 19 Nov, 2024 06:53am

Pakistan

PSDP: MoF approves Rs1.1trn against Rs2.9trn demand

ISLAMABAD: Ministry of Finance approved Rs1.1 trillion development budget under the Public Sector Development...

Published 19 Nov, 2024 06:35am

Pacts deadline looms: Refineries’ upgrade plans hit snags

ISLAMABAD: The federal government is grappling with a major hurdle in its plans to upgrade domestic refineries as...

Updated 22 Oct, 2024 09:33am

Pakistan

EOBI pensioners urge govt to increase pension

ISLAMABAD: The Employees’ Old-Age Benefits Institution (EOBI) pensioners urged the government to increase their...

Published 04 Oct, 2024 06:46am

Rs87bn short of target: Q1 collection stands at Rs2.452trn

ISLAMABAD: Despite taxation measures of Rs 1,800 billion in the budget (2024-25), the Federal Board of Revenue (FBR)...

Updated 01 Oct, 2024 08:52am

Senior economist says a ‘maxi budget’ will be unavoidable

ISLAMABAD: With conventional foreign financing lines largely dry off and expecting a massive shortfall in revenue,...

Updated 30 Sep, 2024 08:57am

No new taxation measures or mini-budget under study: FBR

ISLAMABAD: Federal Board of Revenue (FBR) Member Inland Revenue (Policy) Dr Hamid Ateeq Sarwar said Wednesday that...

Updated 26 Sep, 2024 01:01pm

Opinion

Tax burdens and fiscal discipline

After an inflation-ridden Fiscal Year 2023-24 (“FY24”), wherein the average inflation for the FY24 was 23.4%,...

Published 04 Sep, 2024 07:06am

Opinion

Budgetary outcome in 2023-24

The statistics on the outcome of fiscal operations by the federal and provincial governments in 2023-24 were ...

Updated 13 Aug, 2024 07:40am

Editorials

Senate panel’s skepticism

EDITORIAL: The Senate Functional Committee on Devolution presided over by Dr Zarqa Suharwardy Taimur expressed...

Updated 12 Aug, 2024 07:23am

Adhering to the constitution only path forward for Pakistan: Khaqan

KARACHI: Former prime minister Shahid Khaqan Abbasi, who along with former finance chief Miftah Ismail has recently...

Updated 12 Aug, 2024 11:01am

Opinion

Inflation decline and no feel-good factor

The July inflation data was released by the Pakistan Bureau of Statistics (PBS) on the 1 of August, showing a ...

Published 12 Aug, 2024 06:36am

Editorials

Govt required to take belt-tightening steps

EDITORIAL: The government is to begin a legislative process this month designed to initiate implementation of...

Updated 07 Aug, 2024 06:15am

Opinion

Medium-term budget strategy

The Federal Ministry of Finance has released the Medium-Term Budget Strategy Statement for the period, 2024-25 to...

Published 06 Aug, 2024 06:40am

Opinion

Economy: durable solutions remain elusive

The FY25 budget presents challenges for everyone, with few economic actors benefiting. Despite compromises due to...

Updated 05 Aug, 2024 08:41am

Editorials

Simply unrealistic

EDITORIAL: It seems everybody but the government understands that this fiscal year’s tax regime is not only...

Updated 05 Aug, 2024 06:58am

Technology

IPO very much on the cards, says Jazz CEO Aamir Ibrahim

KARACHI: Jazz CEO Aamir Ibrahim has said going public is “very much on the cards” with further clarity emerging in...

Updated 02 Aug, 2024 04:53pm

FAs’ hiring, other tasks: Privatisation ministry seeks a budget of Rs8.169bn

ISLAMABAD: The Ministry of Privatisation has sought a budget of Rs 8.169 billion for its privatisation-related...

Updated 01 Aug, 2024 10:21am

Business & Finance

Petroleum products into sales Tax exemption: Change of status of zero-rating to benefit FBR worth Rs20bn

ISLAMABAD: The change of status of zero-rating of petroleum products into sales tax exemption would benefit Federal...

Published 31 Jul, 2024 06:40am

FY24 ends with a budget deficit of 6.8pc of GDP

ISLAMABAD: The government has closed fiscal year 2023-24 with budget deficit of 6.8 percent of the gross domestic...

Updated 31 Jul, 2024 10:17am

Editorials

Calm a jittery market

EDITORIAL: The Minister for Finance and Revenue Muhammad Aurangzeb’s Sunday press conference was a judicious attempt...

Published 30 Jul, 2024 03:10am

Markets

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

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

Updated 29 Jul, 2024 07:42pm

Commodity traders say WHT to further fuel food inflation

KARACHI: Commodities importers and wholesalers see the withholding tax as “reign of taxation” to unleash the storm...

Updated 29 Jul, 2024 08:56am

Pakistan

Pakistan’s salaried group comes out on the streets, but after work hours

Such is Pakistan’s salaried group protesting power that it took to the streets in Karachi at 5:30pm – after work...

Published 24 Jul, 2024 12:44am

Opinion

The way forward

Sale of state-owned entities (SOEs) and not resuscitating the non-operational Pakistan Steel Mills is the mantra of...

Updated 22 Jul, 2024 07:11am

Business & Finance

ICMA details critical highlights, implications of federal budget

KARACHI: Institute of Cost and Management Accountants (ICMA) has detailed the critical highlights and implications ...

Updated 19 Jul, 2024 06:43am

Business & Finance

FPCCI urges govt to review agreements with IPPs

KARACHI: The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) has urged the federal government to...

Updated 16 Jul, 2024 01:03pm

Cement dealers go on countrywide strike against taxes

ISLAMABAD: Cement dealers in Pakistan begin their countrywide strike for an indefinite period against higher...

Updated 16 Jul, 2024 01:49pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 28	280.20
USD PKR Interbank Buying / Mar 28	280
USD to Japanese Yen / Mar 28	150.83
USD to Swiss Franc / Mar 28	0.88
Pound Sterling to USD / Mar 28	1.29
Euro to USD / Mar 28	1.08
UK LIBOR % / Mar 27	4.96

Stock	Volume
S&P 500 / Mar 27	5,693.31
Nasdaq / Mar 27	17,804.03
Dow Jones / Mar 27	42,299.70
India Sensex / Mar 28	23,448.24
Tokyo Nikkei / Mar 28	36,977.70
Hang Seng / Mar 28	77,559.63
FTSE 100 / Mar 28	8,672.68
Germany DAX 30 / Mar 28	22,600.10
France CAC40 / Mar 28	7,969.56

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 27	17,085
Gold 10 Grams PKR / Mar 27	275,205
Petrol/Litre / Mar 28	255.63
Crude Oil USD/Barrel / Mar 28	69.76
Gold Spot USD/Ounce / Mar 28	3,079.82
Diesel/Litre / Mar 28	258.64
Cotton US¢/pound / Mar 28	66.73

Gainers
Losers
Leaders

Stock	Price
Mughal Iron & Steel (R) / Mar 27 Mughal Iron & Steel Industries Limited (R)(MUGHALR2)	4.01 ▲ 1 (33.22%)
Parmount Sp. / Mar 27 Paramount Spinning Mills Limited(PASM)	4.10 ▲ 0.59 (16.81%)
Shaheen Ins. / Mar 27 Shaheen Insurance Company Limited(SHNI)	7.50 ▲ 0.97 (14.85%)
Popular Islamic / Mar 27 Popular Islamic Modaraba(PIM)	15.02 ▲ 1.37 (10.04%)
Diamond Ind. / Mar 27 Diamond Industries Limited(DIIL)	33.83 ▲ 3.08 (10.02%)
Sardar Chemical / Mar 27 Sardar Chemical Industries Limited(SARC)	35.95 ▲ 3.27 (10.01%)
J.K.Spinning / Mar 27 J.K. Spinning Mills Limited(JKSM)	69.58 ▲ 6.33 (10.01%)
Data Agro / Mar 27 Data Agro Limited(DAAG)	106.28 ▲ 9.66 (10%)
Leiner Pak Gelat / Mar 27 Leiner Pak Gelatine Limited(LPGL)	121.88 ▲ 11.08 (10%)
Allawasaya Tex / Mar 27 Allawasaya Tex. & Finishing Mills Ltd(AWTX)	1,429.95 ▲ 130 (10%)

Stock	Price
Arif Habib Corp / Mar 27 Arif Habib Corporation Limited(AHCL)	11.60 ▼ -98.09 (-89.42%)
Elahi Cot. / Mar 27 Elahi Cotton Mills Limited(ELCM)	135.93 ▼ -15.1 (-10%)
Khalid Siraj / Mar 27 Khalid Siraj Textile Mills Limited(KSTM)	8.03 ▼ -0.87 (-9.78%)
PIA Holding Co.B / Mar 27 PIA Holding Company Limited B(PIAHCLB)	874.01 ▼ -93.68 (-9.68%)
Saritow Spinning / Mar 27 Saritow Spinning Mills Limited(SSML)	18.90 ▼ -1.75 (-8.47%)
Cordoba Logistics / Mar 27 Cordoba Logistics & Ventures Limited(CLVL)	12.61 ▼ -1.15 (-8.36%)
Sally Textile / Mar 27 Sally Textile Mills Limited(SLYT)	11.01 ▼ -0.99 (-8.25%)
Masood Textile / Mar 27 Masood Textile Mills Limited(MSOT)	49.06 ▼ -4.27 (-8.01%)
Universal Ins. / Mar 27 The Universal Insurance Company Limited(UVIC)	9.57 ▼ -0.73 (-7.09%)
Al-Khair Gadoon / Mar 27 Al-Khair Gadoon Limited(AKGL)	42 ▼ -3.1 (-6.87%)

Stock	Volume
Cnergyico PK / Mar 27 Cnergyico PK Limited(CNERGY)	45,325,056 ▲ 0.31
Pak Elektron / Mar 27 Pak Elektron Limited(PAEL)	29,179,304 ▲ 0.67
P.S.O. / Mar 27 Pakistan State Oil Company Limited(PSO)	26,879,128 ▲ 1.58
Arif Habib Corp / Mar 27 Arif Habib Corporation Limited(AHCL)	20,499,919 ▼ -98.09
WorldCall Telecom / Mar 27 Worldcall Telecom Limited(WTL)	16,191,931 ▼ -0.03
B.O.Punjab / Mar 27 The Bank of Punjab(BOP)	16,148,304 ▼ -0.2
Pak Petroleum / Mar 27 Pakistan Petroleum Limited(PPL)	15,934,134 ▼ -1.85
Engro Fert. / Mar 27 Engro Fertilizers Limited(EFERT)	14,419,464 ▲ 0.5
Fauji Cement / Mar 27 Fauji Cement Company Limited(FCCL)	14,194,696 ▲ 0.53
Maple Leaf Cement / Mar 27 Maple Leaf Cement Factory Limited(MLCF)	11,282,647 ▲ 0.09

Markets →

Budget 2024-25: income tax calculator for FY25

Budget 2024 25

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