Business News
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Bulls toss KSE-100 above 42,000 point-mark | The Express Tribune
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[ad_1] Market watch Bulls toss KSE-100 above 42,000 point-mark Benchmark index gains 278.77 points to settle at 42,014.73 OUR CORRESPONDENT KARACHI The Pakistan Stock Exchange maintained its bullish run and closed the week in the green zone on Friday, as the investors showed optimism toward the approaching budget announcement. The benchmark KSE-100 index witnessed…
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Rs727 billion earmarked for development programme | The Express Tribune
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[ad_1] ISLAMABAD: The coalition government on Friday unveiled an election year development programme of 1,173 schemes but with allocation of only Rs727 billion, which would slow down work on existing schemes and increase the completion period of newly added projects. The allocation of Rs727 billion for the Public Sector Development Programme (PSDP) 2022-23 is only…
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Govt unveils Rs9.5 trillion federal budget for 2022-23 | The Express Tribune
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[ad_1] The coalition government headed by the Pakistan Muslim League-Nawaz (PML-N) has started presenting its “growth and investment-oriented” budget for Financial Year 2022-23 in the National Assembly. Miftah Ismail, while presenting the budget proposals, said that out of total Rs9.502 trillion budget, an amount of Rs3,950 billion had been allocated for debt servicing and Rs800…
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Finance Minister Miftah Ismail presents FY23 budget | The Express Tribune
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[ad_1] The coalition government headed by the Pakistan Muslim League-Nawaz (PML-N) has started presenting its “growth and investment-oriented” budget for Financial Year 2022-23 in the National Assembly. The budget is being presented by Finance Minister Miftah Ismail According to the government, this budget would lay “the foundation for future growth budgets” with its focus on…
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Karachi traders agree to close markets at 8pm
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[ad_1] People shop at a market in Karachi in this file photo. — AFP KARACHI: The business community has agreed to follow the government’s energy conservation plan according to which markets will be closed by 8pm, marriage halls at 10 and restaurants at 11pm. A consultative meeting of the city administration and representatives of business…
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Budget 2022-23 to be presented today
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[ad_1] A representative image. ISLAMABAD: The incumbent coalition government is all set to present the federal budget for the fiscal year 2022-23, with an estimated outlay of over Rs9 trillion, on June 10 (Friday). The National Assembly is already in session where the budget for the fiscal year 2022-23 would be presented by Finance Minister…
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Rs9.5t outlay budget today | The Express Tribune
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[ad_1] ISLAMABAD: Finance minister Miftah Ismail will present the current Pakistan Muslim League-Nawaz (PML-N)-led coalition government’s first budget on Friday (today) with a total outlay expected to be Rs9.5 trillion. It is learnt that the federal expenditure has been estimated around Rs9.5 trillion – Rs350 billion more than this year’s revised budget of over Rs9…
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With demand growth, big industries pick up momentum | The Express Tribune
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[ad_1] KARACHI: Pakistan’s large industries like food, fertiliser, textile and automobile maintained a robust growth for the second consecutive fiscal year in FY2021-22, as the supportive measures taken by the ousted PTI government created renewed demand for goods in the country. Economic Survey 2021-22 said that accommodative fiscal and monetary measures continued in FY22 which…
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PSX turns Asia’s third worst performing market | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange (PSX), which had won the title of Asia’s best performing stock market in August 2020, took a U-turn and became the third worst performing market in the region amid the boiling political temperature and melting economy. Investors witnessed the wipeout of 16.27% (or Rs1.35 trillion) of investment at the PSX,…
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PTI govt gave Rs5.2tr tax breaks in four years | The Express Tribune
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[ad_1] ISLAMABAD: The previous government of Pakistan Tehreek-e-Insaf (PTI) gave away a record Rs1.76 trillion in tax exemptions to the affluent and foreign investors during the outgoing fiscal year, taking the total cost of such exemptions in four years to a whopping Rs5.2 trillion. The Pakistan Economic Survey 2021-22 revealed that there was a 34%,…
