Trends - Economic Survey 2022 23

Economic Survey 2022 23

Tax targets versus tax gap—I

“…the FBR’s revenue target has been increased to Rs 9,415 billion, requiring a 31% increase over collection of...

Updated 14 Jul, 2023 06:47am

Opinion

FY23: a very bad year for economy

The Economic Survey of Pakistan (2022-23), released by the Ministry of Finance (MoF), as per tradition a day before...

Published 23 Jun, 2023 06:00am

Pakistan

Opposition describes federal budget as ‘mere fudging of figures’

ISLAMABAD: The opposition on Monday dismissed the new federal budget as “mere fudging of figures and gross...

Published 13 Jun, 2023 06:00am

BR Research

GDP estimates: a failure of ‘Planning’?

The federal finance minister had a profound moment of candidness yesterday. During the press conference for the...

Published 09 Jun, 2023 08:38am

BR Research

The cost of 2022 floods

Pakistan is among the countries worst hit by the climate – a trailer of which was witnessed during last year’s...

Published 09 Jun, 2023 08:37am

Opinion

What does Economic Survey lack?

Economic Survey 2022-23, unlike previous surveys, raises more questions of competence as opposed to credibility,...

Published 09 Jun, 2023 06:20am

Pakistan

IMF blamed for cutbacks in social services

ISLAMABAD: The federal government has blamed the International Monetary Fund (IMF) for cutbacks in social services...

Updated 09 Jun, 2023 10:39am

Pakistan

Economic Survey: Cumulative education expenditures estimated at 1.77pc of GDP

ISLAMABAD: The cumulative education expenditures by federal and provincial governments in fiscal year 2022 is...

Published 09 Jun, 2023 06:20am

Markets

Jul-Mar of FY 2022-23: Deposits of gas, crude oil deplete

ISLAMABAD: The deposits of natural gas and crude oil have depleted by 9.29 percent and 10.23 percent during first...

Published 09 Jun, 2023 06:20am

Policy rate hike couldn’t arrest inflation rise

ISLAMABAD: The government has acknowledged that increasing the policy rate by the State Bank of Pakistan (SBP) has...

Updated 09 Jun, 2023 09:02am

Global slowdown, import curbs: Jul-Mar exports, imports post negative growth

ISLAMABAD: The country’s exports and imports have posted a negative growth during first three quarters (July-March)...

Updated 09 Jun, 2023 08:56am

Banks disburse Rs1.222trn agri credit

KARACHI: With 27.5 percent growth, the agriculture lending financial institutions have disbursed Rs 1.222 trillion...

Updated 09 Jun, 2023 08:57am

External public debt recorded at $85.2bn by March-end

ISLAMABAD: External public debt was recorded at $85.2 billion at the end of March 2023, revealing a decrease of...

Updated 09 Jun, 2023 08:59am

Unemployment rate fell to 6.3pc in FY21

ISLAMABAD: Pakistan’s unemployment rate fell to 6.3 percent in 2020-2021 from 6.9 per cent in 2018-2019, according...

Updated 09 Jun, 2023 08:59am

Statistical appendices: Survey severely limited

ISLAMABAD: The Economic Survey 2022-23 released amidst much fanfare by Federal Finance Minister Ishaq Dar is...

Updated 09 Jun, 2023 08:58am

SBP to leave 21pc policy rate unchanged amid high inflation

KARACHI: Central bank is widely expected to keep its key interest rate unchanged at 21% on Monday after aggressive...

Updated 09 Jun, 2023 09:01am

Editorials

Economic Survey 2022-23

EDITORIAL: One day prior to tabling the budget 2023-24 in parliament, the Economic Survey 2022-23, as is the...

Updated 09 Jun, 2023 06:50am

Editorials

A budget amid deep economic slump

EDITORIAL: The federal government is presenting the country’s annual budget in parliament today. It would like to...

Updated 09 Jun, 2023 06:54am

Dar defends 0.29pc growth rate

ISLAMABAD: While unveiling the Economic Survey 2022-23, a day before the budget, Finance Minister Ishaq Dar dwelt on...

Updated 09 Jun, 2023 08:57am

Tax exemptions cost exchequer over Rs2.23trn

Cost of tax exemptions registered a growth of 27.43 per cent during 2022-23 as compared to tax expenditure in 2021-22

Updated 09 Jun, 2023 02:49pm

Business & Finance

Agriculture sector misses growth target

ISLAMABAD: The country’s agriculture sector has missed the growth target of 3.5 percent set for the outgoing...

Published 09 Jun, 2023 06:20am

Business & Finance

Cellular mobile sector: Factors behind slower growth identified

ISLAMABAD: The economic slowdown and increased operational costs have resulted in slower growth of the cellular...

Published 09 Jun, 2023 06:20am

Business & Finance

FY 2022-23: PIA earmarks operating expenditure of Rs183.345bn

ISLAMABAD: The national flag carrier earmarked an operating expenditure of Rs183.345 billion during FY 2022-23, ...

Published 09 Jun, 2023 06:20am

Pakistan

Economic Survey 2022-23: Pakistan’s performance explained through graphs

The government of Pakistan presented the Economic Survey 2022-23 on Thursday. Business Recorder summarises the...

Published 08 Jun, 2023 09:57pm

Business & Finance

Unprecedented floods wreak havoc on Pakistan’s agri sector: Economic Survey 2022-23

Unprecedented floods last year wreaked havoc on Pakistan’s agriculture sector, revealed the Economic Survey 2022-23...

Published 08 Jun, 2023 09:27pm

Business & Finance

Automobile sector contracts 42.48%, reveals Economic Survey 2022-23

With exception of buses, significant decline was seen in productivity of all sub-sectors

Published 08 Jun, 2023 08:58pm

Technology

Economic Survey 2022-23: Pakistan ‘ranks second most financially attractive location for outsourcing IT services’

In a first, government includes IT and telecommunication sectors in the document

Published 08 Jun, 2023 07:53pm

Business & Finance

Key highlights of the Pakistan Economic Survey 2022-23

Business Recorder takes a look at important points during a year of flood devastation, uncertain IMF programme and massive political turmoil

Updated 08 Jun, 2023 08:19pm

Pakistan

Dar puts onus of ‘another IMF programme’ on new govt

While unveiling Economic Survey 2022-23, finance minister says it will be 'undemocratic and unfair' to initiate talks with lender on new loan facility

Updated 08 Jun, 2023 08:50pm

Economic Survey 2022-23: Dar argues against rupee devaluation as he unveils govt’s report card

Finance minister says Pakistan was faced with severe economic challenges when current govt took over last year

Updated 08 Jun, 2023 05:59pm

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 →

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Economic Survey 2022 23

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