Business

Karachi Stock Exchange began the week with an upward movement on the first day as key indices rose considerably.

Since I arrived in the capital, the business and investor community has been fixated on one big, scary word i.e. Budget.

In 1998, Brazil faced a severe fiscal crisis.

Federal Minister for Finance Abdul Hafeez Sheikh presented the budget in the Parliament on Saturday.

Analysts believe that large-scale manufacturing industry has still not been able to reach the level where it was in 2009-10.

The State Bank of Pakistan has launched a new financing facility for storage of agricultural produce.

Unemployment increased to 5.5 per cent of the labour force in fiscal year 2009 from 5.2 per cent a year ago.

Over Rs147 billion tax exemptions have been given to the mighty during this financial year.

Stocks saw a high and low day with indices somehow managing to secure a close above par values.

Economic survey 2009-10 showed overall economic improvement in the country, while GDP remained at 4.1 per cent.

The government is likely to delay Value Added Tax in the upcoming budget said sources on Friday.