Business

KSE-100 index rises 217.75 points, settles at 41,904.21

Farmers say measures will not improve lives of stakeholders

Experts say govt failed to meet their demands aimed at further boosting industry

Subsidy allocation increased to Rs1.07 trillion for next fiscal year

Experts argue that the govt has chosen to burden the already overtaxed corporate sector

Increasing debt servicing costs raise concerns about fiscal stability, long-term financial health

Aims to achieve tax target of Rs9.2tr, with at least Rs223b in additional taxes

Development budget for FY24 higher by Rs236b compared to outgoing year

Suggestions include increasing govt employees’ salaries by 30%, pensions by 20%

IT exports from July-March reached $1.94 billion, marking the highest share of 35.1% in all services exports

Says devaluation is the mother of all economic problems

Consumption of petroleum products drops 22% to 13m tonnes in Jul-Mar FY23

KSE-100 index drops 456.25 points, settles at 41,686.46

Aggregate damage in the sector amounts to approximately $3.725 billion

Tax breaks 28% higher than last year; these will weaken Pakistan’s case for external loans

Reduces gap to Rs13, settling at Rs300 vs greenback

Discretionary budget of parliamentarians increased by 66% to record-breaking Rs116b

Both sides agree to appoint high-level official to resolve outstanding issues

Says govt cannot generate additional tax revenue in current testing times

It will meet funding needs as foreign loans likely to remain thin

Govt aims to slash poverty to 15% under Pakistan Economic Outlook 2035

Currency dealers under pressure to keep rupee overvalued

NA speaker says country’s food security depends on such initiatives

Export via new trade route to begin this week

Says reforms will create secure, attractive environment

It’s first-ever programme funded by PSDP focusing on improving competitiveness

Implementation of the system is estimated to save Pakistan $430 million, according to the World Bank

Urges government to invest in skill development to boost economy

It will create fiscal space as govt expects 30% increase in expenditure on pensions, civil govt

SAB urges govt to take into account economic crisis, flood damage in upcoming budget

Depreciates Rs8 to four-day low at Rs308 vs dollar

IEA head says chance of higher oil prices has increased sharply

Costing Rs20b, project likely to be completed by Jan 2025

Dastgir also announces upcoming project for local manufacturing of solar panels

NFCI completed its FDI by acquiring 84.84% shares valued at $6 million

Budget will cover development, non-development expenses of IT ministry

FBR aims to collect over Rs30b with this measure, govt expresses concerns

JUI demands release of 40% of annual PSDP during QI of FY24

Despite efforts, prospects of securing remaining loan of $2.6b very bleak

To unlock benefits, country must address challenges related to financing, grid infrastructure

Regret also has silver lining that we must utilise to foster improvements

Almost zero growth, 30% inflation present classic picture of stagflation

Lack of awareness, weak capacity deprive Pakistan of environmental advantages

High inflation, rupee devaluation drive investors towards other safe havens

ABAD chairman’s budget proposal urges removal of regulatory duty on steel bars

Western nations have accused OPEC of manipulating oil prices

Stresses country will take initiatives to promote IT and agriculture

KSE-100 index gains 388 points, or 0.95%, and settles at 41,352

Proposal of 5% tax will primarily affect family-owned companies

PAMA DG warns proposed changes could have severe consequences