Islamabad, June 9, 2023: In an effort to support government employees amidst a significant surge in inflation, Finance Minister Ishaq Dar announced an increase in salary and pension during the presentation of the budget for the fiscal year 2023-24.
(more…)Author: Faisal Shahnawaz
-
Pakistan’s Business Community Criticizes Federal Budget, Deems it Unrealistic
Karachi, June 9, 2023 – Irfan Iqbal Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), representing the entire business community, expressed concern over the federal budget 2023-24, stating that it presents an unrealistic picture of the economy. The business community is particularly interested in uncovering any hidden taxes within the budget.
(more…) -
Pakistan Unveils Rs14.46 Trillion Budget for FY 2023-24, Focusing on Relief and Growth
Islamabad, June 9, 2023 – Minister for Finance and Revenue, Muhammad Ishaq Dar, presented the highly anticipated Federal Budget for the fiscal year 2023-24 in the National Assembly on Friday. The budget, with a total outlay of Rs14.46 trillion, aims to provide relief to the nation while setting a realistic target of 3.5% real GDP growth despite the existing economic challenges.
(more…) -
PSX Ends Up Week on Positive Note with 217.74 Points Gain
Karachi, June 9, 2023: The Pakistan Stock Exchange (PSX) concluded the week on a positive and optimistic note, with a notable gain of 217.74 points. Investors eagerly anticipated positive outcomes from the upcoming budget, leading to a strong and promising session.
(more…) -
Karachi Interbank Offered Rates KIBOR – June 09, 2023
KARACHI: State Bank of Pakistan (SBP) on Friday issued the Karachi Interbank Offered Rates (KIBOR) as on June 09, 2023.
(more…) -
Rupee Declines Against Dollar to PKR 286.93 as Foreign Exchange Reserves Plummet
Karachi, June 9, 2023: The Pakistani Rupee (PKR) experienced a 12 paisas depreciation against the dollar on Friday, primarily due to the sharp reduction in the country’s foreign exchange reserves.
(more…) -
SBP’s weighted average customer exchange rates on June 09, 2023
KARACHI: The State Bank of Pakistan (SBP) on Friday issued foreign exchange rates for June 09, 2023. The exchange rate is on the basis of weighted average rates of commercial banks.
(more…) -
Mitsubishi Unveils All-New Colt Compact Hatchback
Mitsubishi Motors Europe B.V., a subsidiary of Mitsubishi Motors Corporation, has revealed the all-new Colt compact hatchback designed specifically for the European market.
(more…) -
Porsche Unveils Mission X: Hypercar Redefined
The Mission X is an impressive reinterpretation of a hypercar that features Le Mans-style upward-opening doors at the front and an efficient electric powertrain for high performance. It will make its debut on June 8, 2023, coinciding with the opening of the ’75 Years of Porsche Sports Cars’ exhibition at the Porsche Museum in Stuttgart-Zuffenhausen.
(more…) -
Revised Petroleum Prices in Pakistan – Today on June 9, 2023
Pakistan has recently announced revised petroleum prices, which are applicable on June 9, 2023, until June 15, 2023.
(more…)