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 / Nov 21	278.03
USD PKR Interbank Buying / Nov 21	277.78
USD to Japanese Yen / Nov 21	154.92
USD to Swiss Franc / Nov 21	0.88
Pound Sterling to USD / Nov 21	1.26
Euro to USD / Nov 21	1.05

Stock	Volume
S&P 500 / Nov 20	5,917.11
Nasdaq / Nov 20	18,966.14
Dow Jones / Nov 20	43,408.47
India Sensex / Nov 21	77,137.20
Tokyo Nikkei / Nov 21	38,026.17
Hang Seng / Nov 21	19,620.49
FTSE 100 / Nov 21	8,069.57
Germany DAX 30 / Nov 21	18,942.65

Item	Value
Petrol/Litre / Nov 21	248.38
Crude Oil USD/Barrel / Nov 21	69.38
Karachi Cotton PKR/37.32 KG / Nov 21	17,785
Gold 10 Grams PKR / Nov 21	238,340
Gold Spot USD/Ounce / Nov 21	2,662.71
Diesel/Litre / Nov 21	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▼ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▼ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▼ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▲ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▲ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▲ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Nov 21 K-Electric Limited(KEL)	174,389,145 ▲ 0.00
Hascol Petrol / Nov 21 Hascol Petroleum Limited(HASCOL)	63,973,243 ▲ 0.00
Kohinoor Spining / Nov 21 Kohinoor Spinning Mills Limited(KOSM)	62,996,737 ▲ 0.00
Aisha Steel Mill / Nov 21 Aisha Steel Mills Limited(ASL)	48,137,561 ▲ 0.00
Waves Home Appliances / Nov 21 Waves Home Appliances Limited(WAVESAPP)	43,506,391 ▲ 0.00
Lotte Chemical / Nov 21 Lotte Chemical Pakistan Limited(LOTCHEM)	40,852,960 ▲ 0.00
Telecard Limited / Nov 21 Telecard Limited(TELE)	36,937,252 ▲ 0.00
Cnergyico PK / Nov 21 Cnergyico PK Limited(CNERGY)	31,401,025 ▲ 0.00
WorldCall Telecom / Nov 21 Worldcall Telecom Limited(WTL)	31,346,592 ▲ 0.00

Markets →

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FY23

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