Tue, 21-Oct-2025

Watch Live

logo-black

Download App

اردو

fiscal year

Balochistan to present Rs1tr budget for FY 2025-26 today

by
Balochistan

QUETTA: Balochistan is set to present its budget for the fiscal year 2025-26 today, with total expenditures anticipated to surpass Rs1 trillion. Similar to the current fiscal year, the upcoming budget is projected to be a surplus. Under the current arrangements of the National Finance Commission (NFC) Award, Balochistan is expected to receive Rs743 billion … Read more

Punjab unveils budget exceeding Rs5tr for fiscal year 2025–26

by
Punjab

LAHORE: Finance Minister Punjab Mujtaba Shuja ur Rehman presented the province’s Rs5, 335 billion budget for the fiscal year 2025-26. Before the assembly session, Punjab Chief Minister Maryam Nawaz approved the provincial budget. The opposition lawmakers staged a protest inside the assembly, gathering in front of the Speaker’s dais. According to official budget documents, salaries … Read more

Pakistan’s IT Exports Hit $584 Million in July-August 2024

by
Pakistan IT Exports

Pakistan’s IT exports to different countries increased by 30.231% compared to the same period in 2023-24. Computer services saw a 35% increase, rising from $361.500 million to $488.040 million. Information services exports saw a 1052.91% increase, with information-related services exports rising by 7.96%. ISLAMABAD: Pakistan earned $584.566 million from exporting various Information Technology (IT) services … Read more

Balochistan budget to be presented on June 21

by
Balochistan

QUETTA: The Balochistan Government will present its budget for the fiscal year 2024-25 on Friday.

According to assembly sources, the session of Balochistan Provincial Assembly has been convened in this regard on June 21 (Friday) at 7 p.m.

Earlier, Punjab Finance Minister Mian Mujtaba Shujaur Rehman presented the province’s ‘tax-free’ budget for the fiscal year 2024-25, totaling 5.44 trillion rupees, amidst protests by the Sunni Ittehad Council (SIC).

The finance minister introduced a 5446 billion rupee budget, boasting a surplus of 630 billion rupees. He announced that 77 new mega projects would commence under the annual development program.

The Punjab government proposed up to a 25 percent increase in employee salaries and a 15 percent raise in pensions for retired employees. Additionally, the minimum wage for workers is proposed to increase from 32,000 rupees to 37,000 rupees.

[embedpost slug=”punjab-tax-free-budget-for-fy25-presented”]

Read more

The tax target should be set closer to the reality in the next fiscal year: President Federation

by
fiscal year tax

ISLAMABAD: President of the Federation of Pakistan Chamber of Commerce and Industry Atif Ikram Sheikh has said that the government should make the border management system more active to prevent smuggling. Movement of smuggled goods into the country is affecting tax revenue which can be increased only through prevention of smuggling. We support the government’s … Read more

IT exports goes up by 39% in January: Dr Umar Saif  

by
IT exports

ISLAMABAD: Caretaker Minister for Information Technology and Telecommunication, Dr Umar Saif has said that IT exports in January witnessed an increase of 39.4 percent to $265 million compared to $190 million in the same month of the last fiscal year.

“Pakistan’s IT industry continues to grow and sets new records. IT exports in January are up by 39.4 percent to $265 million, compared to $190 million in the same month in 2023,” the minister posted on X.

Additionally, the minister disclosed that IT exports during the first seven months of the current fiscal year (July-January) reached $1.7 billion, marking a 13 percent increase from $1.5 billion in the corresponding period of the last year.

[embedpost slug=”fbr-collections-grow-by-30-to-rs-5-1trn-till-mid-feb”]

Read more

Foreign direct investment increases 6% in eight months

by
Foreign direct

KARACHI: The total foreign direct investment (FDI) into Pakistan has posted an increase of 6.1 per cent to $1.26 billion during the first eight months (July–February) of fiscal year 2021/22, the State Bank of Pakistan (SBP) said on Friday. The flow of FDI was $1.19 billion in the corresponding period of the last fiscal year. … Read more

Rupee plunges to historic low against dollar

by
rupee

KARACHI: The rupee plunged by 63 paisas to cross Rs180, making the historic low against the dollar on Thursday. The exchange rate ended at Rs180.07 to the dollar from the previous day’s closing of Rs179.44 in the interbank foreign exchange market. The previous all-time low in the rupee value against the dollar was recorded a … Read more

Textile exports hit record high of $12.6 billion in eight months of FY22

by
textile exports

KARACHI: Pakistan’s textile exports witnessed an increase of 26 per cent to hit a record high of $12.6 billion in the first eight months of the fiscal year 2022, the Pakistan Bureau of Statistics (PBS) reported on Wednesday.  In rupee terms, the exports witnessed an increase of 33 per cent to 2.15 trillion during the … Read more

Rupee falls to historic low against dollar

by
Rupee

KARACHI: The rupee fell 47 paisas to record low at Rs178.98 to the dollar on Monday owing to higher import payments. The exchange rate ended at Rs178.98 to the dollar from last Friday’s closing of Rs178.51 in the interbank foreign exchange market. The dealers said that the political uncertainty and dollar demand for Ramzan related … Read more

Rupee recovers 12 paisas against dollar on firm oil prices

by
Rupee

KARACHI: The rupee recovered 12 paisas against the dollar on Friday owing to an ease in oil prices in the international markets. The exchange rate ended at Rs178.51 to the dollar from the previous day’s closing of Rs178.63 in the interbank foreign exchange market. The local currency recovered to the current level from the record … Read more

Rupee slides to historic low against dollar

by
Rupee

KARACHI: The rupee declined 2 paisas to the dollar on Wednesday to the record low of Rs178.63 as the global oil prices remained high amid the Russia-Ukraine war coupled with the rising domestic demand for Ramazan. The exchange rate ended at Rs178.63 dollar from the previous day’s closing of Rs178.61 in the interbank foreign exchange … Read more

Reorganising Civil Defence

by
Defence

KARACHI: Once considered the most important department in pre-war, war and post-war situations, the Sindh Civil Defence Department has lost its significance, Bol News has learnt. The government body once known for giving remedy during and after natural and man-made disasters, is now amongst the most neglected ones for the past 20 years. Directorate Civil … Read more

Mobile phone banking transactions surge 138%

by
mobile phone banking

KARACHI: Transactions made through mobile phone banking recorded a surge of 138 per cent to Rs2.16 trillion during the first quarter (July-September) of the current fiscal year, according to the payment system review issued by the State Bank of Pakistan. The transactions worth Rs908 billion were made during the same quarter of the last fiscal … Read more

Cement dispatches decline 4.75% in February

by
Cement dispatches

LAHORE: The cement dispatches declined 4.75 per cent to 4.36 million tonnes in February 2022, compared with 4.57 million tonnes during the same month of the last year. According to the data released by All Pakistan Cement Manufacturers Association (APCMA), the local cement dispatches during February 2022 showed a decline of 0.17 per cent to … Read more

Rupee slides for third straight day on record oil prices hike

by
Pakistani rupee

KARACHI: The rupee fell for the third straight day against the dollar on Thursday as oil prices in the international markets jumped to the 8-years high. The exchange rate recorded 21 paisas decline in the rupee value to close at Rs177.83 to the dollar from previous day’s closing of Rs177.62 in the interbank foreign exchange … Read more

Rupee falls 21 paisas against dollar

by
Rupee

KARACHI: The rupee lost 21 paisas against the dollar on Wednesday, as international oil prices spiked at $113/barrel, dealers said. The exchange rate ended at Rs177.62 against the greenback, compared with the previous day’s closing of Rs177.41. The international oil prices recorded a massive jump; following Russian supply concerns after war with Ukraine. The benchmark … Read more

LTO Karachi crosses Rs1 trillion collection

by
LTO

KARACHI: The Large Taxpayers Office (LTO) Karachi has crossed the tax collection mark of Rs1 trillion in just eight months (July–February) of the fiscal year 2021/22. The LTO Karachi made history by showing a remarkable achievement of collecting unprecedented Rs1,003.45 billion in all taxes during the period of July 2021 to February 2022, as against … Read more

Power portfolio

by
shabbir tiles

Shabbir Tiles and Ceramics Limited is primarily engaged in the manufacturing and sale of tiles and trading of allied building products. The company feels that the tile industry will continue to show healthy growth for next couple of years, as the friendly government policies are leading to development of several mega projects. However, the industry … Read more

PPL posts Rs14.71 billion profit in second quarter FY22

by
PPL

KARACHI: The unconsolidated profit after tax of Pakistan Petroleum Limited (PPL) showed a growth of 24 per cent to Rs14.71 billion translating into the earnings per share (EPS) Rs5.41 during the quarter ended December 31, 2021. The company posted a profit of Rs11.88 billion (EPS: Rs4.37) during the same period last year. During the first … Read more

Rupee falls for second straight day against dollar

by
Rupee

KARACHI: The rupee fell for the second straight day against the dollar on Friday as Russian attacks on Ukraine intensified. The rupee fell 72 paisas against the dollar to close at Rs177.11 from previous day’s closing of Rs176.39 in the interbank foreign exchange market. The Russian invasion of its neighbouring country escalated the oil prices … Read more

Indus Motor posts Rs10.17 earnings in the first half of FY22

by
indus motor

KARACHI: Indus Motor Company Limited (INDU) earnings recorded a growth of 111 per cent to Rs10.17 billion translating into the earnings per share (EPS) of Rs129.45 during the first half of fiscal year 2022. The company recorded a profit of Rs4.80 billion (EPS: Rs61.08) during the same period last year. During the second quarter of … Read more

Rupee depreciates on rising global oil prices

by
oil prices

KARACHI: The rupee depreciated 48 paisas against the dollar on Tuesday as the international oil prices rallied near $100 per barrel. The exchange rate ended at Rs176.23 to the dollar, as compared with Rs175.75 the previous day in the interbank foreign exchange market. The dealers said that the rising oil prices in the international markets … Read more

Sindh utilising major portion of uplift budget in debt repayments

by
debt

KARACHI: Despite having sufficient development budget, the spending of the Sindh government is on the decline for the last few years, while it remained the lowest in 2018/19, resulting in the lack of employment opportunities, according to a report issued by the Auditor General of Pakistan. Besides, the economic activities are also being hampered in … Read more

Hubco profits decline 42 per cent during 2QFY22

by
Hubco profits

KARACHI: The profit of Hub Power Company Limited (Hubco) declined 42 per cent on a year-on-year basis to Rs4.796 billion, translating into the earnings per share of Rs3.70 during the second quarter of fiscal year 2022. The company posted a profit of Rs8.198 billion, translating into the earnings per share (EPS) of Rs6.32 during the … Read more

Menu

Latest

Entertainment

Lifestyle