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federal budget

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

Opinion

Fiscal outcome in first quarter

The first quarter of 2024-25 has closed with an unusual and extremely positive outcome. There is actually a...

Published 05 Nov, 2024 03:30am

Opinion

Thank you and congratulations, Pakistan

What does it say about any person at the helm of Pakistan’s fiscal affairs when the Business Confidence Survey –...

Updated 16 Aug, 2024 10:57am

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

Provincial budgets for FY2024-25

The provincial budgets for 2024-25 have all been presented last month in the respective Provincial Assemblies....

Published 23 Jul, 2024 06:58am

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

Opinion

Outlook for 2024-25

The last week’s article on outlook for 2024-25 by this writer in Business Recorder had focused on the projections...

Updated 16 Jul, 2024 07:52am

Business & Finance

Federal budget: Briefing given about recent amendments enacted in sales tax

FAISALABAD: Reservations about different clauses of federal budget including SRO-350 were to be highlighted before...

Published 06 Jul, 2024 06:48am

Opinion

Provincial surplus and the federal budget

To formulate federal and provincial budgets necessitates engagement between the federal government and its ...

Updated 01 Jul, 2024 07:38am

Business & Finance

President Zardari gives assent to Finance Bill

The Finance Bill will take effect on July 1, 2024, according to a press release from the President's Secretariat

Updated 30 Jun, 2024 10:28pm

Business & Finance

QWP chief for adopting austerity steps as no relief for poor in budget

PESHAWAR: Qaumi Watan Party (QWP) Chairman Aftab Ahmad Khan Sherpao while commenting on the federal budget said that...

Published 30 Jun, 2024 02:58am

Opinion

Federal budget and pro-cyclical policy

The federal budget, due to come into effect in the next few days, has continued with the pro-cyclical policy...

Updated 28 Jun, 2024 03:16pm

Pakistan

Shibli talks of ‘tyranny of majority’ in upper house

ISLAMABAD: The opposition in the Senate alleged that upper house of the parliament was being ruled by the “tyranny...

Updated 26 Jun, 2024 09:33am

Business & Finance

Salt industry rejects federal budget

ISLAMABAD: The Salt Manufacturers Association of Pakistan (SMAP) has expressed deep concern over the proposed shift...

Published 24 Jun, 2024 07:00am

Opinion

‘A stagflationary federal budget’

This is apropos an op-ed “A stagflationary federal budget” carried by the newspaper yesterday. The writer, Dr...

Published 15 Jun, 2024 06:57am

Opinion

A stagflationary federal budget

Stagflation is a situation when economic growth is stagnating, and inflation is also increasing. Growth requires...

Updated 14 Jun, 2024 07:57am

Pakistan

Post-budget presser: govt wants to enhance tax-to-GDP ratio to 13% in 3 years, says Aurangzeb

Finance minister hopeful Pakistan will reach Staff-Level Agreement with International Monetary Fund (IMF) by July

Updated 13 Jun, 2024 04:40pm

Markets

KSE-100 sees record 3,410-point gain, settles at historic high of 76,208

Analysts say government's proposed budgetary measures largely positive for market that gained nearly 5% on Thursday

Updated 13 Jun, 2024 11:14pm

Business & Finance

Agri think tank lauds direct, indirect initiatives spelled out in budget

LAHORE: Agriculture Republic, an agricultural think tank, has welcomed various direct and indirect initiatives...

Published 13 Jun, 2024 07:29am

Business & Finance

Most of budget targets in line with IMF guidelines: analysts

KARACHI: The federal budget will continue the fiscal consolidation seen last year and most of the targets are in ...

Published 13 Jun, 2024 06:22am

Perspectives

The budget is around the corner, but there is no expectation of ‘out-of-box’ solutions

Analysts and followers expect govt to tax the groups that are already contributing with little to no hope on a widening tax net

Published 11 Jun, 2024 08:30am

Markets

Asset classes: PSX urges govt to remove tax-driven distortions

KARACHI: Pakistan Stock Exchange (PSX) has proposed to the federal government to remove the tax-driven distortions...

Published 06 Jun, 2024 03:09am

Final date for federal budget yet to be decided

ISLAMABAD: The National Assembly Secretariat has formulated a tentative schedule for the budget session likely to be...

Updated 04 Jun, 2024 09:22am

Federal Budget on June 7th

ISLAMABAD: The federal government will present the budget for the next financial year 2024-25 in the National...

Updated 21 May, 2024 10:58am

Opinion

The education emergency

Shehbaz Sharif declared an ‘education emergency’ across Pakistan on Wednesday, the 8th of May 2024. This is in...

Published 14 May, 2024 05:18am

Opinion

Says for securing an agreement with the IMF, the government had to impose new taxes

Updated 05 Aug, 2023 03:06pm

Editorials

Revised budget: a detailed anatomy

EDITORIAL: Federal budget 2023-24 was passed by the National Assembly on Sunday without any meaningful discussion on...

Published 27 Jun, 2023 06:15am

Business & Finance

Budget 2023-24: ‘high earners’ to pay a higher income tax as govt revises rates

Budget proposals originally maintained income tax rates before govt amended the Finance Bill

Updated 26 Jun, 2023 06:40pm

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 →

Budget 2024-25: income tax calculator for FY25

federal budget

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