Tag Archives: Finance

Introduction: Pakistan’s stock market, the Pakistan Stock Exchange (PSX), achieved a significant milestone by closing at its highest level in six years. Various factors have contributed to the bullish sentiment among investors, including financial support from Saudi Arabia and the UAE, a recent IMF bailout, and positive economic indicators. Financial Support and IMF Bailout: Saudi Arabia and the UAE provided …

Introduction: The Federal Board of Revenue (FBR) has recently announced important amendments to the Income Tax Ordinance, 2001 through Finance Act 2023, which includes significant changes to the Super Tax structure. These changes aim to broaden the scope of the Super Tax and make it a more progressive and comprehensive tax measure. New Super Tax Slabs for Banks and Businesses: …

Introduction: In the first month of the current fiscal year 2023-24 (FY24), Pakistan’s exports witnessed a decline of nearly 13%, impacting the country’s trade balance. Despite a decrease in imports and a narrowed trade deficit, economic challenges persist, leading to concerns about the country’s economic growth. Month-on-Month Decline: According to the Pakistan Bureau of Statistics (PBS), the country’s exports stood …

Introduction: The Federal Board of Revenue (FBR) announces its tax revenue collection for July 2023, falling slightly short of the target by Rs2 billion. Despite missing the monthly target, the FBR records a significant year-on-year increase of 15%, indicating positive growth in revenue collection. July 2023 Tax Revenue Collection: The FBR reveals that the tax revenue collected for July 2023 …

Central Bank’s Crucial Review of Policy Rate: Pakistan’s central bank is scheduled to convene its first meeting post-IMF new loan program to review the key policy rate on Monday. The decision will be pivotal in determining the country’s economic trajectory amid rising inflation rates and growth concerns. Varying Perspectives on the Policy Rate: Financial experts have differing views on the …

Soaring Inflation: Pakistan’s Economy Faces Mounting Pressure Pakistan’s economy is grappling with mounting inflationary pressures as the short-term inflation rate soared to 3.73% during the week ending on July 26, 2023, marking the highest level since October 2022. According to data released by the Pakistan Bureau of Statistics (PBS), this surge in prices has been primarily driven by substantial increases …

Positive Surge in PSX Benchmark Index: On Thursday, the Pakistan Stock Exchange’s benchmark KSE-100 index made a significant breakthrough, surpassing the 47,000 level for the first time since November 2021. The index achieved an intraday peak of 47,393.47 points, eventually settling at 47,076.99 points after a gain of 394.47 points. This surge indicates a growing confidence in the country’s economic …

Introduction: Corporate finance plays a pivotal role in the success and growth of any business. It is the backbone of financial decision-making within a company, encompassing a range of critical functions that drive the organization’s profitability and sustainability. In this blog post, we will delve into the core concepts and functions of corporate finance and shed light on its significance …

ADB Acknowledges Pakistan’s Progress and IMF Agreement The Asian Development Bank (ADB) Country Director, Young Ye, has congratulated Pakistan on its recent achievement of reaching an agreement with the International Monetary Fund (IMF). This recognition comes as a testament to the positive developments in the Pakistani economy since the approval of the standby arrangement (SBA). ADB Delegation Meets with Finance …

Introduction: The Neelum Jhelum hydropower project, with a capacity of 969 megawatts, is gearing up to resume electricity generation by the end of July. The project was temporarily suspended last year due to the collapse of a part of its tail race tunnel. However, restoration work is nearing completion, and the project is now ready to contribute power to the …