Trends - FY24 budget - Business Recorder

FY24 budget

SBP reduces key policy rate by 100bps, takes it to 19.5%

Majority analysts expected cut, it was the quantum of reduction that had them divided

Updated 29 Jul, 2024 07:42pm

Opinion

Social protection in Pakistan

In Pakistan poverty levels have reached a high of 40 percent, equivalent to those in Sub Sahara Africa, and hence...

Updated 29 Jul, 2024 07:13am

IMF says its mission to visit this month

KARACHI: An International Monetary Fund mission is expected to visit Pakistan this month to discuss a new programme,...

Updated 06 May, 2024 09:00am

Business & Finance

Balochistan govt presents Rs750 billion budget for 2023-24

Rs437 billion have been allocated for non-development expenditure

Updated 19 Jun, 2023 10:39pm

Opinion

Residual thoughts on FY24 budget

The budget 2023-24 envisages 23.7 billion dollars of external borrowing – an amount premised on a rupee dollar...

Published 19 Jun, 2023 07:12am

Pakistan

Budget places emphasis on ‘growth-inducing’ sectors: PM Shehbaz

Says procurement of crude oil from Russia is part of energy security plan

Published 12 Jun, 2023 03:56pm

BR Research

Budget FY24 – what’s there for IT?

The IT sector was among the sectors that received some relief measures in the Budget. According to the finance...

Published 12 Jun, 2023 08:34am

Business & Finance

Budget 2023-24: incentives fail to entice stakeholders in IT sector

Say measures are insufficient to raise exports substantially

Published 10 Jun, 2023 01:43am

Business & Finance

Budget 2023-24: price of imported used cars over 1,300cc to get expensive

The government has withdrawn the cap of fixed duties and taxes on the import of old and used vehicles of ‘Asian...

Published 10 Jun, 2023 01:21am

Business & Finance

On digital payments: services tax on restaurants in ICT reduced in federal budget

Under the ICT (tax on services) Ordinance, 2001, the government of Pakistan proposed to reduce services tax on...

Updated 09 Jun, 2023 07:35pm

Pakistan

How experts view the upcoming budget announcement

Business Recorder reaches out to experts to know their expectations for budget

Updated 09 Jun, 2023 05:22pm

Pakistan

There will be no winners, say experts ahead of budget announcement

Trapped in economic crisis coupled with political instability and lingering IMF programme, govt seems to have its hands tied

Updated 07 Jun, 2023 08:35pm

Business & Finance

You don’t need AI to predict Dar’s budget speech. This is how it will likely go

Finance Minister Ishaq Dar is scheduled to announce the budget proposals this Friday. He last announced the budget...

Updated 06 Jun, 2023 11:59pm

Business & Finance

Pro-agriculture budget expected by brokerage house

Given the increased strain on the import bill in recent times, the government is expected to prioritise the...

Published 06 Jun, 2023 03:55pm

Govt shares some details of federal budget with IMF

IMF says its staff look forward to furthering discussions to identify spending and revenue measures that can strengthen debt sustainability prospects

Updated 06 Jun, 2023 11:23am

Pakistan

Budget FY24: govt could take steps ‘to appease public’, says Topline

Facing massive political pressure, the government could take steps “to appease the public” in the upcoming budget...

Published 03 Jun, 2023 06:27pm

Pakistan

Delay in IMF programme ‘unprecedented’, says Dar

Finance minister believes there is no technical reason for the delay
Slams 'pseudo-intellectuals' who have predicted country will default

Updated 03 Jun, 2023 08:09pm

Business & Finance

Moot on upcoming FY24 budget: Realtors urge FBR to abolish CVT on foreign assets thru finance bill

ISLAMABAD: D evelopers, builders have strongly proposed to the Federal Board of Revenue (FBR) to abolish Capital...

Published 03 Jun, 2023 03:52am

Markets

Companies scramble for emergency meetings amid reports of proposal to tax reserves

Reports of the Reform and Revenue Mobilisation Commission’s (RRMC) proposal to tax accumulated reserves of companies...

Published 30 May, 2023 06:14pm

Business & Finance

Federal budget to be made keeping all constraints in view: Ishaq Dar

Says government will try to provide as much relief to public as possible

Updated 30 May, 2023 11:33pm

IMF continues its engagement with govt: Porter

Focusing on restoration of foreign exchange proper market functioning, passage of a fiscal year 2024 budget consistent with program goals, and adequate financing to pave way for a Board meeting before the current program expires at June-end

Updated 30 May, 2023 11:23am

Pakistan

JI urges govt to prepare ‘interest-free budget’

ISLAMABAD: Jamaat-e-Islami (JI) Pakistan has urged the government to prepare and present an interest-free budget for...

Published 27 May, 2023 06:09am

FY24 budget: RRMC recommends cashless purchases at petrol pumps

ISLAMABAD: The Reforms & Revenue Mobilization Commission (RRMC) has recommended that petrol stations across the...

Updated 26 May, 2023 12:53pm

Business & Finance

Budget FY24: SAPM Pasha vows full support to exporters, SMEs

FAISALABAD: Serious and dedicated efforts would be made to resolve the problems confronted by the exporters and SME...

Published 25 May, 2023 06:26am

Editorials

Tax targets for FY24

EDITORIAL: Chairman Federal Board of Revenue, Asim Ahmed, while talking exclusively to Business Recorder, subsequent...

Updated 25 May, 2023 07:04am

Budget on June 9: Expand tax base urgently, PM asks economic team

Chairs meeting regarding the preparation of the budget for the financial year 2023-24

Updated 24 May, 2023 12:31pm

FY24 Budget: Rs9.2trn tax collection target expected

ISLAMABAD: The tax collection target of the Federal Board of Revenue (FBR) would be fixed within the range of Rs 9...

Updated 23 May, 2023 08:49am

Pakistan

Govt employees demand ‘relief’ through FY24 budget

ISLAMABAD: All Government Employees Grand Alliance (AGEGA) has demanded of the government to provide relief to the...

Published 22 May, 2023 06:23am

Business & Finance

Budget FY24: KP’s advisory board seeks proposals

PESHAWAR: A preliminary ‘pre-budget’ meeting of Khyber Pakhtunkhwa Budget Advisory Board was held in the...

Published 22 May, 2023 06:23am

Opinion

FY2023-24 Budget

The government is expected to present the budget for the next fiscal year in the first week of June. Budgets in...

Published 20 May, 2023 05:59am

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

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FY24 budget

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