Trends - Finance Supplementary Bill 2023

Finance Supplementary Bill 2023

FBR unveils updated ST and FED laws

ISLAMABAD: The Federal Board of Revenue (FBR) has issued the updated Sales Tax Act, 1990 and Federal Excise Act up...

Updated 08 Mar, 2023 08:37am

Opinion

Finally, there’s light at the end of the tunnel

President Dr Arif Alvi has signed the supplementary finance bill 2023 into law. This development will surely lead to...

Published 24 Feb, 2023 06:00am

Business & Finance

Rs170bn taxes apply to meet IMF conditions: President signs finance bill into law

ISLAMABAD: President Arif Alvi Thursday signed the Finance (Supplementary) Bill, 2023, implementing additional taxes...

Published 24 Feb, 2023 06:00am

Import of luxury items ST: FBR empowered to impose higher rate of 25pc

ISLAMABAD: The Finance (Supplementary) Act, 2023 has empowered the Federal Board of Revenue (FBR) to impose a higher...

Updated 24 Feb, 2023 08:45am

Pakistan

President Alvi approves Finance (Supplementary) Bill 2023

Also known as the mini-budget, the bill is key to unlocking the next tranche of the IMF programme

Updated 23 Feb, 2023 05:11pm

Business & Finance

Hiked FED on cigarettes reduces sales

ISLAMABAD: The sudden impact of the increase in the Federal Excise Duty (FED) and price of cigarettes under the...

Published 22 Feb, 2023 03:30am

Finance (Supplementary) Bill, 2023 adopted: NA acquiesces to IMF tax stipulation

Finance Minister Ishaq Dar says bill proposed to minimise fiscal deficit

Updated 21 Feb, 2023 12:01pm

MoS Pasha optimistic about Ninth Review prospects

ISLAMABAD: There is no likelihood of any further delay in the staff-level agreement with the International Monetary...

Updated 21 Feb, 2023 12:39pm

Air tickets: new rates of FED fixed

According to the new rates, the FED would be applicable on club, business and first-class air tickets issued on or after the date of commencement of the Finance (Supplementary) Bill 2023

Updated 21 Feb, 2023 12:40pm

Pakistan

NA session adjourned without mini-budget approval

Session now scheduled to take place on Monday at 5pm

Updated 17 Feb, 2023 09:50pm

Opinion

IMF programme & reforms

Pakistan, one of the major victims of climate change, is fighting alone to manage the damages caused due to...

Published 17 Feb, 2023 06:00am

Editorials

‘Mini-budget’

EDITORIAL: The revenue measures as revealed in the ‘mini-budget’ were expected as Finance Minister Ishaq Dar had...

Published 17 Feb, 2023 06:00am

Opinion

The Finance (Supplementary) Bill 2023: a comment

General: The Finance Minister has laid Finance (Supplementary) Bill 2023 on the floor of the Parliament. (National...

Published 17 Feb, 2023 06:00am

Fiscal year 2022-23: Tax target raised to Rs7.64trn

Revenue collection target has been increased after additional revenue measures of Rs170 billion, says Federal Board of Revenue Chairman Asim Ahmad

Updated 17 Feb, 2023 10:15pm

Quick execution of Rs170bn tax initiative: IMF not only satisfied, but ‘surprised too’: MoS

IMF also engaged with Pakistan’s friendly countries with respect to the external financing needs of the country, says Aisha Ghaus Pasha, Minister of State for Finance and Revenue

Updated 17 Feb, 2023 10:15pm

Dar presents Rs170bn tax measures

Blames previous government and last year’s devastating floods for the current economic situation

Updated 16 Feb, 2023 09:00am

Big taxation measures taken through money bill

Govt has dropped proposals to raise FED on imported and locally-manufactured cars and energy drinks

Updated 16 Feb, 2023 10:48am

Business & Finance

To be presented in parliament today: Cabinet approves Finance Supplementary Bill

ISLAMABAD: A meeting of the Federal Cabinet has approved the Finance Supplementary Bill 2023 to be presented in the...

Published 15 Feb, 2023 07:20am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 18	278.55
USD PKR Interbank Buying / Dec 18	278.25
USD to Japanese Yen / Dec 18	153.63
USD to Swiss Franc / Dec 18	0.89
Pound Sterling to USD / Dec 18	1.27
Euro to USD / Dec 18	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
Nasdaq / Dec 17	20,109.06
FTSE 100 / Dec 17	8,195.20
Dow Jones / Dec 17	43,449.90
Germany DAX 30 / Dec 17	20,246.37
France CAC40 / Dec 17	7,365.70
India Sensex / Dec 18	80,231.76
Tokyo Nikkei / Dec 18	39,081.71

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 17	17,585
Gold 10 Grams PKR / Dec 17	241,860
Petrol/Litre / Dec 18	252.10
Crude Oil USD/Barrel / Dec 18	70.43
Gold Spot USD/Ounce / Dec 18	2,644.54
Diesel/Litre / Dec 18	255.38

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
S.G.Power / Dec 18 S.G. Power Limited(SGPL)	9.17 ▲ 1.00 (12.24%)
Faran Sugar (R) / Dec 18 Faran Sugar Mills Limited (R)(FRSMR)	9.43 ▲ 1.00 (11.86%)
Dadabhoy Cement / Dec 18 Dadabhoy Cement Industries Limited(DBCI)	7.95 ▲ 0.84 (11.81%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Data Agro / Dec 18 Data Agro Limited(DAAG)	139.24 ▲ 12.66 (10.00%)
Diamond Ind. / Dec 18 Diamond Industries Limited(DIIL)	20.90 ▲ 1.90 (10.00%)
Leather Up Ltd. / Dec 18 Leather Up Limited(LEUL)	26.74 ▲ 2.43 (10.00%)

Stock	Price
Blue-Ex Ltd / Dec 18 Blue-Ex Limited (GEM)(GEMBLUEX)	37.76 ▼ -4.20 (-10.01%)
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
Din Tex. / Dec 18 Din Textile Mills Limited(DINT)	45.90 ▼ -5.10 (-10.00%)
Dawood Lawrencepur / Dec 18 Dawood Lawrencepur Limited(DLL)	211.50 ▼ -23.50 (-10.00%)
Imperial Limited / Dec 18 Imperial Limited(IML)	20.16 ▼ -2.24 (-10.00%)
Macter Int. Ltd / Dec 18 Macter International Limited(MACTER)	331.40 ▼ -36.82 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Bilal Fibres / Dec 18 Bilal Fibres Limited(BILF)	12.61 ▼ -1.40 (-9.99%)
Calcorp Ltd / Dec 18 Calcorp Limited(CASH)	26.22 ▼ -2.91 (-9.99%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.13
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 0.09
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	58,285,174 ▼ -0.53
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	57,202,972 ▼ -0.01
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▼ -0.70
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 1.97
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▲ 0.04
Hub Power Co. / Dec 18 The Hub Power Company Limited(HUBC)	33,289,968 ▼ -3.88
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	31,365,092 ▼ -0.21

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