Friday July 30, 2010 
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 Budgets & SROs[1-4 of 4 stories]  
  2010-11   |  Analysis   |   Etc   |   Provincial   |   SROs-Customs   |   SROs-Excise   |   SROs-Sales Tax   |   Suggestions  

Budget does not envisage any tranche release from IMF beyond June 30
ISLAMABAD (June 08, 2010): Budget for 2010-11 does not envisage any tranche release from the International Monetary Fund (IMF) beyond June 30, 2010 in spite of the fact that the augmentation to the Stand By Arrangement (SBA) approved by the IMF Board on 7 August 2009 amounting to 3.236 billion dollars has not yet been disbursed.



Budget Briefing: Comments on Finance Bill 2010

TEXT (June 07, 2010): Income Tax: 1. Capital gain on sale of securities - Section 37, Section 37A: After a long gap of over three decades, capital gains on sale of securities are sought to be made liable to tax. For the first time, the Finance Act, 1974 suspended the applicability of the relevant provisions for taxation of such capital gain.




Watching the budget live: analysis
ARTICLE (June 06, 2010): Watching the budget speech live, one couldn't help wonder if the speech was being delivered was from an Economy 101 course to sophomore year students. In fact to the first year students a technocrat was telling the politicians on both sides of the political divide to come together, forge a consensus and save the system from economic collapse.



Budget impact would be neutral for bourses: analysts
KARACHI (June 06, 2010): Analysts say the overall impact of budget announcement for FY11 would be neutral for stock market. "Although the government has imposed Capital Gains Tax (CGT) on shares trading in the budget 2010-11, however it was as per expectations and agreement between the government and market players," they added.


 
 

 
 

 
 

 
 

 
 

 
 

  

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The Rupee
Interbank closing rates for dollar on Sunday.
BuyingRs 85.65
SellingRs 85.70
Recorder Review: mixed trend
7481.03  73.24
Sectoral Indices 
Market at Close
BRIndex-30 7,474.07
KSE-30 Index 9,551.5
KSE-100 Index 9,706.10
LSE-25 Index 3,056.05
ISE-10 Index 2,511.00
Gold Per 10gm 33,900.00
KCA Spot Rate 6,300.00
Libor Rate 0.49669
World Indices
Index Closing Chg%
DJIA 10,447.93 1.24
Nasdaq 2,233.75 1.53
S&P 1,104.51 1.32
FTSE 5,428.15 1.10
DAX 6,134.62 0.83
CAC-40 3,672.20 1.12
Nikkei 9,301.32 2.05
H.Seng 21,355.77 1.83
Sensex 18,560.05 1.86
NY Closing
Euro 1.2898
Sterling 1.5452
Swiss Franc 1.0164
Yen 84.3110
Gold 1251.10
Cotton 89.450
Oil 74.60
Economic Indicators
Annual2009/10
Foreign Debt $53.01bn
Per Cap Income $1046
GDP Growth 4.1%
Average CPI 11.73%
MonthlyJuly
Trade Balance $-1.45 bln
Exports $1.78 bln
Imports $3.24 bln
WeeklySeptember 02, 2010
Reserves $16.12 bln
 









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