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development budget

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

Pakistan

Senate panel discusses development budget of AJK, Gilgit-Baltistan

ISLAMABAD: Senate Standing Committee on Kashmir Affairs and Gilgit-Baltistan was informed that every year Azad Jammu...

Published 16 Nov, 2024 06:04am

PSDP 2024-25: Ministries’ Rs2.9trn request pruned to Rs1.1trn

Minister for Planning Ahsan Iqbal directs Economic Affairs Division to come up with a realistic demand of budget in consultation with respective ministries/divisions

Updated 25 Oct, 2024 03:18pm

Pakistan

Rs950bn development budget: Efficient utilization needed: CS Sindh

HYDERABAD: Chief Secretary Sindh Syed Asif Haider Shah emphasized the need for efficient utilization of the Rs950...

Published 20 Sep, 2024 07:26am

Pakistan

CDWP approves 5 projects worth Rs15.35bn

ISLAMABAD: The Central Development Working Party (CDWP) cleared eight development projects at cost of Rs144.3 ...

Published 04 Sep, 2024 06:38am

MoF unveils fund release strategy: No office can make direct payments through SBP

ISLAMABAD: The Ministry of Finance has banned direct payment through the State Bank of Pakistan (SBP) by any office,...

Updated 17 Jul, 2024 04:32pm

Development budget: FD unveils strategy for release of funds

ISLAMABAD: The Finance Division has issued a strategy for release of funds for development budget for financial year...

Updated 13 Jul, 2024 08:51am

Opinion

Don’t slash PSDP allocations

Expectedly, the axe seems to have fallen on the country’s development budget as, according to media reports,...

Published 04 Jun, 2024 06:28am

Development budget, PSDP: PM directs setting up of Ahsan-led panel

ISLAMABAD: Prime Minister Shehbaz Sharif has directed that a cabinet committee to be headed by the Minister for...

Updated 16 May, 2024 09:02am

Q4 of CFY: authorisation of Rs10.056bn approved for Power Division

Authorisation made considering simplified release procedure approved by the ECNEC and release strategy 2023-24 of Finance Division

Updated 10 May, 2024 09:24am

Development budget: Ministry decides to ban allocation of fund for ERRA

ISLAMABAD: Ministry of Planning, Development and Special Initiatives has decided to ban allocation of funds for...

Updated 11 Apr, 2024 10:36am

Business & Finance

New ministers of Sindh cabinet greeted: KATI president urges CM to allocate development budgets

KARACHI: Johar Qandhari, President of the Korangi Association of Trade and Industry (KATI), congratulated the newly...

Published 19 Mar, 2024 04:53am

Development budget: NEC approves suggestions of SIFC apex body

ISLAMABAD: The National Economic Council (NEC) has approved the recommendations of the Apex Committee of the Special...

Updated 30 Jan, 2024 08:47am

PSDP is unaffordable: IMF

ISLAMABAD: The International Monetary Fund (IMF) has stated that the Public Sector Development Programme (PSDP) of...

Updated 18 Nov, 2023 08:49pm

Development: NEC approves ‘megabudget’

ISLAMABAD: In a significant development for the country’s economic landscape, National Economic Council (NEC) held a...

Updated 04 Jul, 2023 09:09am

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

Federal budget 2023-24 in graphs

The government of Pakistan announced the budget for 2023-24 on Friday. Business Recorder takes a look at the budget...

Published 10 Jun, 2023 06:03pm

Business & Finance

Budget 2023-24: incentives fail to entice stakeholders in IT sector

Say measures are insufficient to raise exports substantially

Published 10 Jun, 2023 01:43am

Business & Finance

On digital payments: services tax on restaurants in ICT reduced in federal budget

Under the ICT (tax on services) Ordinance, 2001, the government of Pakistan proposed to reduce services tax on...

Updated 09 Jun, 2023 07:35pm

Pakistan

How experts view the upcoming budget announcement

Business Recorder reaches out to experts to know their expectations for budget

Updated 09 Jun, 2023 05:22pm

Pakistan

There will be no winners, say experts ahead of budget announcement

Trapped in economic crisis coupled with political instability and lingering IMF programme, govt seems to have its hands tied

Updated 07 Jun, 2023 08:35pm

Govt says 3.5pc growth target quite realistic

Federal Minister for Planning, Development and Special Initiatives, Ahsan Iqbal says National Economic Council has approved Rs1,150 billion federal development budget

Updated 07 Jun, 2023 10:30am

Business & Finance

You don’t need AI to predict Dar’s budget speech. This is how it will likely go

Finance Minister Ishaq Dar is scheduled to announce the budget proposals this Friday. He last announced the budget...

Updated 06 Jun, 2023 11:59pm

PM takes coalition partners on board over PSDP

ISLAMABAD: Prime Minister Shehbaz Sharif chaired a high-level meeting on Monday to consult coalition parties for the...

Updated 06 Jun, 2023 08:48am

Hydropower, water projects: Ministry agrees to allocate Rs100bn as IBC

ISLAMABAD: The Ministry of Planning, Development and Special Initiatives (MPD&SI) has agreed to allocate Rs 100...

Updated 20 May, 2023 08:54am

Pakistan

Development budget to be increased, says CM of Balochistan

QUETTA: Balochistan Chief Minister Mir Abdul Quddus Bizenjo on Saturday said that the size of the development budget...

Published 14 May, 2023 03:24am

Uplift budget for Q3, 4: Finance Div revises fund release strategy

ISLAMABAD: The Finance Division has revised the strategy for release of funds of the recurrent and development ...

Updated 04 Jan, 2023 09:43am

Pakistan

KP’s Rs120bn withheld by federal govt, says Jhagra

ISLAMABAD: Finance Minister of Khyber Pakhtunkhwa Taimur Saleem Jhagra has stated that over Rs120 billion of the...

Updated 09 Dec, 2022 07:26am

Pakistan

PM launches five initiatives for youths

ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday launched (inaugurated) five initiatives of the Ministry of...

Published 21 Oct, 2022 05:57am

Pakistan

Development budget being reviewed in light of flood relief efforts: Ahsan Iqbal

Says Pakistan now has opportunity to rebuild flooded villages in a sustainable manner

Updated 30 Aug, 2022 05:30pm

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
Petrol/Litre / Dec 21	252.10
Karachi Cotton PKR/37.32 KG / Dec 21	17,585

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

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