Trends - Budget FY23 - Business Recorder

Budget FY23

PRIME terms budget ‘unrealistic and expansionary’

ISLAMABAD: The Policy Research Institute of Market Economy (PRIME) has stated that the coalition government has...

Published 13 Jun, 2023 06:00am

Pakistan

Budget places emphasis on ‘growth-inducing’ sectors: PM Shehbaz

Says procurement of crude oil from Russia is part of energy security plan

Published 12 Jun, 2023 03:56pm

Business & Finance

Budget documents: 5G auction not mentioned

Govt has budgeted Rs 72.597 billion from 4G licenses under the head of non-tax revenue for the next fiscal year of 2023-24 against Rs 50 billion budgeted for the outgoing fiscal year

Updated 11 Jun, 2023 08:23am

Finance Bill brings in a big import-related facilitative step

ISLAMABAD: The Federal Board of Revenue (FBR) will not impose any penalty on importers in cases of non-placement of...

Updated 11 Jun, 2023 12:21pm

Business & Finance

REITs schemes: Tax exemption extended up to 30th

ISLAMABAD: The income tax exemption available to Real Estate Investment Trusts (REITs) schemes has been extended up...

Published 11 Jun, 2023 03:55am

Supply of power to 5 export-oriented sectors: Govt to arrange Rs100bn from FY23 budget

ISLAMABAD: The Federal Government is to arrange Rs100 billion from federal budget to ensure supply of electricity to...

Updated 13 Oct, 2022 09:47am

Opinion

The FY23 budget and Fund approval

Pakistani administrations have become adept at presenting an annual budget to parliament with the required detailed...

Published 18 Jul, 2022 07:09am

Opinion

Budget 2022-23 – Amended

In our previous article (BR: 13- 6-2022) we had examined Budget 2022-23 from the point of view of the IMF...

Published 29 Jun, 2022 05:44am

NA: Amendments to finance bill may be presented today

Amendments are still being given a final shape

Updated 28 Jun, 2022 09:57am

Opinion

A mini-budget or an annexure to budget?

For the first time in Pakistan’s chequered history additional revenue measures were annexed to the budget by a...

Updated 27 Jun, 2022 06:28am

Supertax likely to generate additional Rs200bn

KARACHI: The imposition of one time supertax at 10 percent on big corporates is likely to help the coalition...

Updated 25 Jun, 2022 11:24am

Pakistan

Punjab Assembly starts debate on supplementary budget

LAHORE: The Punjab Assembly session convened by Governor Punjab Muhammad Baligh-ur-Rehman at Aiwan-e-Iqbal started...

Published 24 Jun, 2022 08:02am

Pakistan

Budget debate continues in Sindh PA: Opposition slams govt over huge school dropout rate

KARACHI: The Sindh Assembly on Thursday continued its debate on fiscal budget 2022-23, as opposition slammed the...

Published 24 Jun, 2022 06:15am

Pakistan

Treasury lawmakers hold PTI govt responsible for current economic crisis

ISLAMABAD: The lawmakers belonging to the ruling coalition on Thursday held the previous government of Pakistan...

Published 24 Jun, 2022 06:15am

Opinion

PARTLY FACETIOUS: The party’s name is even less respectful

“Did you know that you can call three or even more people at the same time and, if you wish, neither of those you...

Published 24 Jun, 2022 06:15am

Additional taxation measures of over Rs436bn on the cards

ISLAMABAD: The government is finalising additional taxation measures of over Rs 436 billion through amendments in ...

Updated 24 Jun, 2022 01:16pm

IMF has asked for more taxes, claims Tarin

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Senator Shaukat Tarin has claimed that the International Monetary Fund...

Updated 24 Jun, 2022 09:52am

Oil prices hiked to avert default, says Miftah

ISLAMABAD: Federal Finance Minister Miftah Ismail has termed the next fiscal year budget as progressive and...

Updated 24 Jun, 2022 10:19am

Editorials

Rewriting the budget 2022-23

EDITORIAL: The International Monetary Fund (IMF) has uncharacteristically uploaded the following sentence on its...

Published 24 Jun, 2022 06:15am

Business & Finance

Budget FY23: Understanding with IMF may lead to revival of EFF

KARACHI: In a welcoming breakthrough, Pakistan and IMF reached an understanding on the federal budget FY23 which...

Published 23 Jun, 2022 06:55am

Pakistan

Punjab PA approves Rs3.226trn budget in absence of opposition

LAHORE: In the absence of opposition Punjab Assembly on Wednesday passed Finance Bill 2022 and thus approved the...

Published 23 Jun, 2022 06:05am

Business & Finance

FPCCI voices concern over glaring anomaliesin budget

KARACHI: Shabbir Mansha, acting president FPCCI, has expressed his concern on the glaring anomalies in the federal...

Published 23 Jun, 2022 06:05am

Progress made over FY23 budget: IMF

ISLAMABAD: Key progress has been made in talks on the revival of Pakistan’s International Monetary Fund bailout...

Updated 23 Jun, 2022 09:57am

$2.3bn loan agreement signed with Chinese consortium: Miftah says inflows expected ‘within days’

ISLAMABAD: Minister for Finance and Revenue Miftah Ismail Wednesday said the Chinese consortium of banks on Tuesday...

Updated 23 Jun, 2022 10:00am

Business & Finance

OICCI conveys concerns over tax anomalies in budget proposals

ISLAMABAD: Overseas Investors Chamber of Commerce and Industry (OICCI) has conveyed its concerns over tax anomalies...

Published 22 Jun, 2022 06:45am

Editorials

Budget falls far short of IMF conditionalities

EDITORIAL: The budget for 2022-23 not only did not implement key International Monetary Fund (IMF) conditions,...

Published 22 Jun, 2022 05:58am

Balochistan follows in the footsteps of Sindh: deficit budget

QUETTA: The Balochistan government on Tuesday unveiled a deficit budget worth Rs 612.7 billion with a deficit of Rs...

Updated 22 Jun, 2022 10:02am

Pakistan

Balochistan budget to be presented today

QUETTA: Due to personal engagement of Chief Minister Abdul Quddus Bizenjo, the presentation of Balochistan budget ...

Published 21 Jun, 2022 07:06am

Business & Finance

RCCI for ending double taxation, removing anomalies

RAWALPINDI: The business community has demanded that the double taxation and anomalies be removed from the fiscal...

Published 21 Jun, 2022 06:58am

Opinion

A constrained budget

The federal budget of 2022-23 has been presented in a difficult and uncertain economic and political environment in...

Published 21 Jun, 2022 05:51am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 21	278.03
USD PKR Interbank Buying / Nov 21	277.78
USD to Japanese Yen / Nov 21	154.92
USD to Swiss Franc / Nov 21	0.88
Pound Sterling to USD / Nov 21	1.26
Euro to USD / Nov 21	1.05

Stock	Volume
S&P 500 / Nov 20	5,917.11
Nasdaq / Nov 20	18,966.14
Dow Jones / Nov 20	43,408.47
India Sensex / Nov 21	77,137.20
Tokyo Nikkei / Nov 21	38,026.17
Hang Seng / Nov 21	19,620.49
FTSE 100 / Nov 21	8,069.57
Germany DAX 30 / Nov 21	18,942.65

Item	Value
Petrol/Litre / Nov 21	248.38
Crude Oil USD/Barrel / Nov 21	69.38
Karachi Cotton PKR/37.32 KG / Nov 21	17,785
Gold 10 Grams PKR / Nov 21	238,340
Gold Spot USD/Ounce / Nov 21	2,662.71
Diesel/Litre / Nov 21	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▼ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▼ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▼ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▲ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▲ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▲ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Nov 21 K-Electric Limited(KEL)	174,389,145 ▲ 0.00
Hascol Petrol / Nov 21 Hascol Petroleum Limited(HASCOL)	63,973,243 ▲ 0.00
Kohinoor Spining / Nov 21 Kohinoor Spinning Mills Limited(KOSM)	62,996,737 ▲ 0.00
Aisha Steel Mill / Nov 21 Aisha Steel Mills Limited(ASL)	48,137,561 ▲ 0.00
Waves Home Appliances / Nov 21 Waves Home Appliances Limited(WAVESAPP)	43,506,391 ▲ 0.00
Lotte Chemical / Nov 21 Lotte Chemical Pakistan Limited(LOTCHEM)	40,852,960 ▲ 0.00
Telecard Limited / Nov 21 Telecard Limited(TELE)	36,937,252 ▲ 0.00
Cnergyico PK / Nov 21 Cnergyico PK Limited(CNERGY)	31,401,025 ▲ 0.00
WorldCall Telecom / Nov 21 Worldcall Telecom Limited(WTL)	31,346,592 ▲ 0.00

Markets →

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Budget FY23

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