Updates on Tax Laws, Economy and Stock Market in Pakistan
Federal Budget for FY 2023-24 has been announced by the Government on the 9th of June 2023 (Friday). Due to the prevailing economic condition of the country and the delayed finalization of the IMF program, coupled with the political situation of the country, the budget was considered to be a difficult one. However, a mid-way … Read more
Diversification in business or investments is a technique used by spreading the investments among various businesses, sectors, and areas to eliminate or reduce the risks associated with specific businesses, sectors, or geographical locations Introduction Investing is one of the fundamental aspects of financial planning. Investing ensures the preservation and growth of wealth. While investing increases … Read more
An overview of the weekly report on SPI (Sensitive Price Indicator) and Prices of Essential Commodities by the Pakistan Bureau of Statistics The Pakistan Bureau of Statistics issues a weekly report on SPI that shows the comparison of prices of basic commodities and determines the inflation rate in Pakistan. For the analysis, 51 commodities have … Read more
Performance report Stock Exchange of Pakistan, PSX, and weekly analysis of KSE 100, KSE All, and KSE 30 indexes from 5th the 9th of June 2023 Pakistan Stock Exchange (PSX) Weekly Performance The Pakistan Stock Exchange has shown improvement since the last week. The market is active after the break of NEWS regarding the imposition … Read more
Pakistan Bureau of Statistics issues weekly reports regarding the Sensitive Price Indicator (SPI) in the country. The report includes the prices of basic commodities and their comparison with the prices in the previous week (WoW) and the corresponding period of the last year (YoY). A sensitive Price Indicator is a tool to measure and record … Read more
The Reforms and Revenue Mobilization Commission (RRMC) has proposed an advance tax on the accumulated profits and reserves of the companies in Pakistan in the coming budget for the fiscal year 2023-24. The Federal Budget for the year 2023-24 is to be announced on the 9th of June 2023. The imposition of the advance … Read more
Sensitive Price Indicator is a tool to measure inflation in Pakistan and is calculated by the Pakistan Bureau of Statistics on weekly basis with 2015-16 as base year to measure the rate of inflation of 51 basic commodities including food items on the prices gathered from 17 cities of Pakistan on weighted average. The sensitive … Read more
PSX Performance Review for week 2-5 May 2023 at a Glance Since the last week, the Pakistan Stock Exchange (PSX) has gained momentum after a span of sluggish activity. The PSX performance review shows that the market is on a rising trend. The week had four working days, 1st of May being public holiday on … Read more
Sensitive Price Indicator is a tool to measure changes in the prices of commodities over a certain time period to assess the inflation rate. Prices of 51 essential commodities that are taken from the markets of 17 cities of Pakistan are used to calculate the SPI on weekly basis. The Sensitive Price Index for the … Read more
Weekly review of the Pakistan Stock Exchange and KSE 100 index for the period from 26th April to 28th April 2023 26th April 2023 The Pakistan Stock Exchange opened after the Eid holidays with a positive note. The KSE 100 index closed at 41099.58 points with a gain of 91.76 points. The trade volume stood … Read more