Trends - FY23 - Business Recorder

FY23

Audit report for FY23 tax period: AGP objects to FBR’s increased reliance on WHTs

ISLAMABAD: The Auditor General of Pakistan (AGP) has strongly objected that the Federal Board of Revenue (FBR) has...

Published 17 May, 2024 05:50am

Borrowings, mark-up payments: Policy rate hike pushed up FY23 cost

The expenditure on mark-up payments was Rs5,696 billion in fiscal year 2022-23 against Rs3,950 billion estimated in the budget

Updated 17 May, 2024 09:44am

Opinion

Time to act: 9 cents/kWh

The country faces daunting economic challenges. A shrinking industrial base, a bulging workforce with no jobs to...

Updated 15 May, 2024 06:28am

Business & Finance

Profit, dividend: Jul-Mar repatriation jumps 256pc to $830.5m YoY

KARACHI: The repatriation of profit and dividend by foreign investors rose significantly by 256 percent during the...

Published 01 May, 2024 04:14am

Business & Finance

C/A posts 3rd highest monthly surplus in March

KARACHI: The country’s external account is performing well, posting the third highest monthly current account...

Published 23 Apr, 2024 03:41am

Business & Finance

Debt sustainability: Elevated gross financing needs constitute high risk: IMF

ISLAMABAD: The International Monetary Fund (IMF) has said that elevated gross financing needs continue to pose high...

Published 21 Jan, 2024 03:10am

Business & Finance

NBFC sector sees 35.9% asset growth in FY23: SECP

The collective asset base of the Non-Banking Finance Companies (NBFC) sector stood at Rs2.87 trillion as of June 20,...

Published 06 Dec, 2023 10:05pm

Editorials

Pakistan as an export hub

EDITORIAL: Planning Minister Ahsan Iqbal’s claim that the government was striving to turn Pakistan into an export...

Published 15 Jul, 2023 06:08am

Business & Finance

FY23 remittances fall 13.6pc to $27bn YoY

KARACHI: Workers’ remittances declined by 13.6 percent to $27 billion in the fiscal year FY23 as compared to...

Published 11 Jul, 2023 06:08am

Jul-May period: C/A deficit narrows by 81pc on lower import bill

KARACHI: The country’s current account deficit fell sharply, ie, 81 percent during the first 11 months of the...

Updated 20 Jun, 2023 09:00am

Opinion

FY23: Uncovering drivers of economic performance

The National Account numbers for FY2023 have been published and, unfortunately, they paint a truly dismal picture of...

Published 30 May, 2023 03:37am

FY23 Q1 budget deficit rises 43pc to Rs809bn YoY

Budget deficit was 438 billion rupees in the same period of the last financial year

Updated 25 Dec, 2022 03:54pm

Markets

Analysts optimistic about prospects of Pakistan-Russia oil deal

KARACHI: Pakistan may save around $1.0 billion annually or 6.0 percent of the total energy bill of $18 billion...

Published 07 Dec, 2022 05:54am

Editorials

CAD: welcome decline

EDITORIAL: Pakistan’s current account deficit (CAD) has fallen sharply by 47 percent during the first four months...

Published 24 Nov, 2022 04:28am

Business & Finance

Lower imports: Jul-Oct CAD plummets 47pc YoY

KARACHI: The country’s current account deficit fell sharply by 47 percent during the first four months of this...

Published 22 Nov, 2022 03:23am

Jul 1-Sept 2 govt borrowing rises 21pc to Rs58bn YoY

KARACHI: The borrowing for budgetary support rose by 21 percent during a little over first two months of this fiscal...

Updated 17 Sep, 2022 09:57am

Business & Finance

Aug remittances post 8pc growth MoM

KARACHI: Inflows of workers’ remittances posted 8 percent growth during August 2022, the State Bank of Pakistan...

Published 14 Sep, 2022 04:45am

SBP sets Rs1.8trn agri credit target for FY23

KARACHI: The State Bank of Pakistan (SBP) has assigned annual agriculture credit disbursement target of Rs 1,800...

Updated 27 Aug, 2022 09:47am

Business & Finance

July remittances down 8pc YoY

KARACHI: Inflows of workers’ remittances fell by 8 percent during the first month of this fiscal year (FY23), the...

Published 17 Aug, 2022 06:07am

FY23 CAD will likely present a pleasant prospect

Experts expect it to clock in at $8.7 billion or 2.3% of GDP

Updated 09 Aug, 2022 09:24am

Business & Finance

India’s Punjab & Sind bank chief declares war against bad loans

MUMBAI: The focus for India’s Punjab & Sind Bank is to reduce its bad loans and improve recoveries to ensure...

Published 03 Aug, 2022 04:55am

Weighed mainly by global commodity prices: SBP sees FY23 most challenging for economy

Official says Pakistan’s import bill and political instability are main reasons for depreciation of the rupee

Updated 21 Jul, 2022 11:24am

Bond, money markets rally as yields fall 30-70bps

Analyst says yields have started falling since Pakistan reached accord with IMF

Updated 16 Jul, 2022 12:37pm

Inflation may remain on the higher side: SBP

KARACHI: The State Bank of Pakistan (SBP) Thursday forecast that inflation is likely to remain on the higher side...

Updated 08 Jul, 2022 09:27am

Business & Finance

Rs7.4trn FY23 target: Tola urges govt to ‘streamline’ taxation system

LAHORE: Leading tax expert Ashfaq Tola has urged the government to streamline its taxation system to attain a tax...

Published 30 Jun, 2022 06:07am

Pakistan

FY23 electricity charges: PU to make Rs795m payment

LAHORE: The Punjab University will pay Rs 795 million in the head of electricity charges during the year 2022-23....

Published 27 Jun, 2022 06:06am

Markets

Refineries: Ideal time to initiate ‘deep conversion’ project, say experts

KARACHI: This is high time for local refineries to execute ‘Deep Conversion Project’ which will increase ...

Published 24 Jun, 2022 06:15am

Editorials

Rewriting the budget 2022-23

EDITORIAL: The International Monetary Fund (IMF) has uncharacteristically uploaded the following sentence on its...

Published 24 Jun, 2022 06:15am

Pakistan

Donor agencies: Punjab expects $545.49m inflows in FY23

LAHORE: The Punjab government is expecting cash inflows amounting to US$ 545.49 million from different donor ...

Published 22 Jun, 2022 05:58am

Pakistan

Tax on banking sector enhanced to 42% from 39%, says Miftah while announcing budget proposals

Income tax threshold increased to Rs1.2m a year

Updated 11 Jun, 2022 02:16am

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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FY23

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