Trends - fiscal deficit - Business Recorder

fiscal deficit

Govt debt hits all-time high of Rs70.36trn by Aug-end

KARACHI: The federal government’s total debt stocks crossed Rs 70 trillion mark at the end of August 2024 primarily...

Updated 09 Oct, 2024 08:53am

FY2025 to FY29: External debt maturity estimated to be over $100bn

Friendly countries to rollover $12.7 billion in the current fiscal year

Updated 20 Sep, 2024 12:08pm

Business & Finance

Govt debt stocks rise to Rs69.9trn

KARACHI: The federal government’s total debt stocks rose to Rs 69.6 trillion mark at the end of July 2024 primarily...

Updated 06 Sep, 2024 08:56am

Editorials

Must act now

EDITORIAL: The persistently high gross financing needs present a significant risk to the economy, challenging the...

Updated 26 Aug, 2024 07:26am

FY24-25 to FY26-27: MoF cautions fiscal risks may affect MTBS forecasts

ISLAMABAD: Finance Ministry has cautioned that fiscal risks may lead to potential threats or uncertainty in fiscal...

Updated 20 Jul, 2024 09:24am

Pakistan

Fiscal deficit target of 6.9pc of GDP set

ISLAMABAD: The government has budgeted overall fiscal deficit at an unsustainable 6.9 percent of GDP for 2024-25...

Published 13 Jun, 2024 03:32am

Editorials

Phenomenal rise in domestic borrowing

EDITORIAL: The government borrowed up to 77 percent domestically to finance its fiscal deficit in the first six...

Updated 28 May, 2024 05:52am

Mid-year review: 77pc borrowing for financing fiscal deficit thru domestic sources: MoF

ISLAMABAD: The government has borrowed around 77 percent for financing of federal fiscal deficit through domestic...

Updated 23 May, 2024 09:22am

Business & Finance

H1: Fiscal deficit increases to 2.3pc of GDP

KARACHI: Fiscal deficit increased to 2.3 percent of GDP in the first half of FY24 from 2.0 percent in the same ...

Published 15 May, 2024 05:47am

9MFY24: Fiscal deficit recorded at Rs3.902trn

ISLAMABAD: Fiscal deficit has been recorded at 3.7 percent (Rs3,902.416 billion) of the GDP during the first nine...

Updated 01 May, 2024 09:20am

Growing pressure on expenditures: Higher mark-up payments behind challenge: MoF

Total expenditures during July-February 2024 remained under pressure due to higher mark-up payments

Updated 01 May, 2024 04:36pm

Jul-Mar period: Govt borrowing soars to record high of Rs4.8trn

Analysts say that federal government’s rising spending requirements has forced it to borrow money from scheduled banks to meet its financial requirement

Updated 13 Apr, 2024 01:34pm

Fiscal deficit: OICCI submits proposals to Aurangzeb

ISLAMABAD: The Overseas Investors Chamber of Commerce and Industry (OICCI) has submitted proposals to the government...

Updated 22 Mar, 2024 09:46am

Business & Finance

‘Disparity between wealthy & impoverished is swiftly widening’

KARACHI: Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, Mian...

Published 20 Jan, 2024 05:18am

Budgetary support during Jul 1-Dec 16, 2023 period: Govt borrowing jumps 200pc to Rs2.876trn YoY

Entire amount was borrowed from the SBP and scheduled banks to finance the fiscal deficit

Updated 27 Dec, 2023 09:54am

Opinion

Crisis is the moment for home-grown solutions

Containment of fiscal deficit should be and is the first priority. In this respect extensive data released on Q1...

Updated 06 Nov, 2023 06:11am

Fiscal adjustment hamstrung by interest payments

Ministry of Planning, Development and Special Initiatives says economy has slowly and steadily started recovering from the downturn in growth

Updated 04 Oct, 2023 10:00am

Editorials

There’s always a smell of shenanigans in the air

EDITORIAL: The government is desperate to fill the growing fiscal gaps. The space to finance a continuously high...

Published 02 Oct, 2023 06:33am

Fiscal consolidation: Ministries, divisions asked to strictly adhere to funds release strategy

ISLAMABAD: Secretary Finance, Imdad Ullah Bosal has asked ministries and divisions to strictly adhere to the funds...

Updated 24 Sep, 2023 09:15am

Business & Finance

Debt piling up: Borrowing reliance surging to finance twin deficits: World Bank

ISLAMABAD: The World Bank on Friday said Pakistan’s economic model is unsuitable because the country’s borrowing...

Published 23 Sep, 2023 05:58am

Shamshad highlights importance of reducing fiscal deficit

KARACHI: Federal Minister for Finance and Revenue, Dr Shamshad Akhtar, Thursday reiterated the government’s...

Updated 01 Sep, 2023 09:16am

Rising debt servicing emerges as hindrance: Projection of cut in C/A deficit subject to certain risks

ISLAMABAD: The government projection of a reduction in the current account deficit to US$ 3.7 billion is subject to...

Updated 01 Sep, 2023 09:11am

Budgetary support: Govt borrows Rs500bn from banks in 2 weeks: SBP

Says federal government's borrowing for budgetary support rose by 218 percent during the initial two weeks of this fiscal year

Updated 26 Jul, 2023 01:00pm

World

India meets FY2023 fiscal deficit target of 6.4%

NEW DELHI: India’s fiscal deficit for the financial year ended March 31 touched 17.3 trillion rupees ($209.46...

Published 31 May, 2023 05:17pm

BR Research

Pulpy taxation

The government is lately imposing a tax on every item they can find in the formal sector. Government debt is...

Published 29 May, 2023 08:43am

Pakistan

Macroeconomic conditions deteriorated during first half FY23: SBP

Central bank says adverse global economic conditions, uncertainty surrounding IMF programme are major concerns

Published 19 May, 2023 05:05pm

May-July: govt intends to borrow record Rs9.4trn

Presently, government is the single largest borrower from commercial banks

Updated 13 May, 2023 02:47pm

Fiscal deficit for Jul-Mar reaches 3.7pc of GDP

ISLAMABAD: The government has closed the first nine months (July-March 2023) of the current fiscal year with the...

Updated 06 May, 2023 08:55am

Pakistan

Pakistan’s economic growth to decelerate to 0.6% in FY23: ADB

Depending on a fast return to stability twinned with robust macroeconomic and structural reforms, country can bounce back: Asian Development Bank

Updated 04 Apr, 2023 08:38pm

MoF lists factors causing fiscal deficit crisis

ISLAMABAD: The Finance Ministry has stated that the sharp (V-shaped) economic recovery after the control of...

Updated 04 Apr, 2023 09:02am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 23	278.69
USD PKR Interbank Buying / Dec 23	278.43
USD to Swiss Franc / Dec 20	0.89
USD to Japanese Yen / Dec 23	156.63
Pound Sterling to USD / Dec 23	1.26
Euro to USD / Dec 23	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
Nasdaq / Dec 20	19,572.60
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75
France CAC40 / Dec 20	7,274.48
India Sensex / Dec 23	78,595.51
Tokyo Nikkei / Dec 23	39,161.34

Item	Value
Gold 10 Grams PKR / Dec 20	234,311
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 23	252.10
Crude Oil USD/Barrel / Dec 23	69.79
Gold Spot USD/Ounce / Dec 23	2,632.38
Diesel/Litre / Dec 23	255.38

Gainers
Losers
Leaders

Stock	Price
Dewan Sugar / Dec 23 Dewan Sugar Mills Limited(DWSM)	6.60 ▲ 1.00 (17.86%)
Jahangir Sidd(Pref) / Dec 23 Jahangir Sidd(Pref)(JSCLPSA)	9.50 ▲ 0.95 (11.11%)
Trust Sec.& Brok. / Dec 23 Trust Securities & Brokerage Limited(TSBL)	10.55 ▲ 1.00 (10.47%)
Pak. P.V.C. / Dec 23 Pakistan PVC Limited(PPVC)	10.70 ▲ 1.00 (10.31%)
Dewan Farooque Sp. / Dec 23 Dewan Farooque Spinning Mills Limited(DFSM)	4.70 ▲ 0.43 (10.07%)
Power Cem(Pref) / Dec 23 Power Cement (Pref)(POWERPS)	12.27 ▲ 1.12 (10.04%)
Fauji Foods Ltd / Dec 23 Fauji Foods Limited(FFL)	14.49 ▲ 1.32 (10.02%)
Treet Corp / Dec 23 Treet Corporation Limited(TREET)	24.38 ▲ 2.22 (10.02%)
Calcorp Ltd / Dec 23 Calcorp Limited(CASH)	27.48 ▲ 2.50 (10.01%)

Stock	Price
Faran Sugar (R) / Dec 23 Faran Sugar Mills Limited (R)(FRSMR)	9 ▼ -1.00 (-10.00%)
Blue-Ex Ltd / Dec 23 Blue-Ex Limited (GEM)(GEMBLUEX)	40.87 ▼ -4.54 (-10.00%)
J.A.Textile / Dec 23 J.A. Textile Mills Limited(JATM)	37.72 ▼ -4.19 (-10.00%)
LSE Financial Serv. / Dec 23 LSE Financial Services Limited(LSEFSL)	14.63 ▼ -1.62 (-9.97%)
Olympia Mills / Dec 23 Olympia Mills Limited(OML)	34.60 ▼ -3.82 (-9.94%)
Dar-es-Salaam / Dec 23 Dar-es-Salaam Textile Mills Limited(DSML)	42.01 ▼ -4.58 (-9.83%)
First Tri-Star Mod. / Dec 23 First Tri-Star Modaraba(FTSM)	13.87 ▼ -1.47 (-9.58%)
National Silk / Dec 23 The National Silk & Rayon Mills Limited(NSRM)	50.51 ▼ -4.93 (-8.89%)
Leather Up Ltd. / Dec 23 Leather Up Limited(LEUL)	27.60 ▼ -2.58 (-8.55%)

Stock	Volume
WorldCall Telecom / Dec 23 Worldcall Telecom Limited(WTL)	99,942,750 ▲ 0.07
Pace (Pak) Ltd. / Dec 23 Pace (Pakistan) Limited(PACE)	43,280,462 ▲ 0.15
K-Electric Ltd. / Dec 23 K-Electric Limited(KEL)	40,644,312 ▲ 0.16
Sui South Gas / Dec 23 Sui Southern Gas Company Limited(SSGC)	40,619,788 ▼ -0.19
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	32,687,278 ▲ 0.43
Fauji Foods Ltd / Dec 23 Fauji Foods Limited(FFL)	32,083,914 ▲ 1.32
B.O.Punjab / Dec 23 The Bank of Punjab(BOP)	29,495,012 ▲ 0.41
Pak Elektron / Dec 23 Pak Elektron Limited(PAEL)	28,118,935 ▲ 2.09
Symmetry Group / Dec 23 Symmetry Group Limited(SYM)	21,897,051 ▲ 0.15

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