Business & Finance » Taxes

Business & Economy

PM urges authorities to address revenue shortfall, meet IMF targets

Prime Minister Shehbaz Sharif on Wednesday stressed the tax collection authorities to meet the revenue targets...

Updated 01 Jan, 2025 09:51pm

Taxes

Cocoa powder importers fail to claim exemption

LAHORE: The importers of Cocoa Powder have failed to claim exemption under two different notifications...

Published 01 Jan, 2025 03:03am

Taxes

ATIR refers case to FBR chief against assessing officers

ISLAMABAD: Appellate Tribunal Inland Revenue (ATIR) in a landmark decision has referred a case to the chairman,...

Published 01 Jan, 2025 03:03am

Taxes

Erstwhile tribal areas: PALSP urges govt to withdraw ‘unfair’ tax exemption

ISLAMABAD: The Pakistan Association of Large Steel Producers (PALSP) has urged upon the government to withdraw ...

Published 01 Jan, 2025 03:03am

Taxes

‘Tax Laws (Amendment) Act’ has failed to achieve its objectives: PTBA

ISLAMABAD: The objective of the Tax Laws (Amendment) Act, 2024, for streamlining the tax appeal system under tax ...

Published 31 Dec, 2024 07:29am

Taxes

Punjab extends sales tax on services to Murree

LAHORE: The Punjab government has extended sales tax on services to district Murree. A notification has been issued...

Published 31 Dec, 2024 06:32am

Taxes

Advance tax: IHC accepts PTA petition against deduction of extra amount by FBR

ISLAMABAD: The Islamabad High Court (IHC) on Monday accepted a petition of Pakistan Telecommunication Authority ...

Published 31 Dec, 2024 06:32am

Taxes

Customs classification body issues new valuation ruling

ISLAMABAD: The Customs Classification Committee of the Federal Board of Revenue (FBR) has declared that “Kola...

Published 29 Dec, 2024 02:48am

Taxes

Tax violations: Crackdown against marriage halls launched

KARACHI: Regional Tax Office-I (RTO-I) has launched crackdown against marriage halls in Karachi for alleged tax...

Published 28 Dec, 2024 05:59am

Taxes

HNWIs to be taxed: Aurangzeb unveils FBR digitisation strategy

ISLAMABAD: Minister for Finance Muhammad Aurangzeb Thursday unveiled the government’s strategy to implement...

Updated 27 Dec, 2024 09:17am

South Asia

India considers cutting personal income tax to lift consumption

NEW DELHI: India is considering cutting income tax for individuals making up to 1.5 million rupees ($17,590) a year...

Published 27 Dec, 2024 06:27am

Taxes

Pakistan’s top 5% earners liable to pay Rs1.6trn in taxes, says FBR chief

During press conference alongside finance minister, Langrial says income tax evasion happening at massive scale

Updated 26 Dec, 2024 10:53pm

Taxes

Punjab govt extends scope of SSTR to 2 more sectors

LAHORE: The Punjab Revenue Authority (PRA) has extended the scope of its single sales tax return to two additional...

Published 24 Dec, 2024 06:33am

Taxes

KPRA slaps fine on famous restaurant

PESHAWAR: Under the directives of Advisor to the Finance Department, Khyber Pakhtunkhwa, Muzammil Aslam, and ...

Published 23 Dec, 2024 06:03am

Taxes

Imposition of Agri tax from Jan 2025: Experts urge need to engage rural youth in agri productive activities

ISLAMABAD: Leading agriculture experts Saturday strongly recommended that there is an urgent need to engage rural...

Published 22 Dec, 2024 02:57am

Taxes

Tax Laws (Amendment) Bill, 2024: comments

Concept of an eligible person introduced [Section 114C(5)(B)]

Updated 21 Dec, 2024 07:09am

Taxes

Federal tax laws: Taxpayers’ rights fully protected: FTO

LAHORE: Federal Tax Ombudsman Dr Asif Mahmood Jah said on Wednesday that taxpayers’ rights are fully protected...

Published 19 Dec, 2024 08:23am

Taxes

What is Tax Laws (Amendment) Bill, 2024 introduced in National Assembly?

Finance Minister Muhammad Aurangzeb introduced the Tax Laws (Amendment) Bill, 2024 in the National Assembly (NA) on...

Published 18 Dec, 2024 09:06pm

Taxes

PRAL’s restructuring plan submitted to ECC

ISLAMABAD: The Federal Board of Revenue (FBR) is said to have submitted restructuring plan of PRAL (Pakistan Revenue...

Published 18 Dec, 2024 06:37am

Taxes

Crackdown launched on sales tax evaders

LAHORE: The sales tax department has taken strong stance against tax evasion, rejecting the plea of an importer who...

Published 18 Dec, 2024 08:05am

Taxes

Sugar mills tax evasion: FBR issues notification on suspension of 9 IR officials

ISLAMABAD: The Federal Board of Revenue (FBR) has issued a notification on suspension of nine Inland Revenue...

Published 17 Dec, 2024 06:47am

2024-12-12-01-57

SUVs/EVs: FBR chairman briefs Senate body on chargeability of FED

ISLAMABAD: Chairman Federal Board of Revenue (FBR) Rashid Mahmood Langrial on Wednesday informed that Ministry of ...

Published 12 Dec, 2024 07:23am

Taxes

KTBA elects new office-bearers

KARACHI: The Karachi Tax Bar Association (KTBA) has elected new office-bearers and executive committee members for...

Published 12 Dec, 2024 06:01am

Taxes

Banking sector’s ADR climbs to nearly 48% as of Nov 29

The banking sector’s gross Advance-to-Deposit Ratio (ADR) maintained its upward trajectory, hitting nearly 48% as of...

Updated 11 Dec, 2024 11:01pm

Taxes

‘Clever’ taxpayer fails to bypass established procedures

LAHORE: A ‘clever’ taxpayer has failed to bypass the established procedures for resolving tax disputes, as the...

Published 11 Dec, 2024 08:38am

Taxes

9,900 out of 10,515 complaints resolved: FTO

ISLAMABAD: The Federal Tax Ombudsman (FTO) Secretariat received 10,515 complaints during the past ten months, of...

Published 11 Dec, 2024 06:45am

Taxes

Committees formed for procurements at FBR

ISLAMABAD: The Federal Board of Revenue (FBR) Thursday constituted committees for procurements at FBR in connection...

Published 06 Dec, 2024 08:58am

Taxes

Ombudsman institutions: FTO unveils programme to foster global co-operation

ISLAMABAD: The Federal Tax Ombudsman (FTO) has launched an innovative "Capacity Building Exchange Programme" to...

Published 05 Dec, 2024 08:53am

Taxes

NTC reviews provincial tax reforms

ISLAMABAD: National Tax Council (NTC) Wednesday reviewed provincial tax reforms including measures to enhance...

Published 05 Dec, 2024 08:43am

Taxes

National Tax Council meets to discuss tax reforms, harmonisation

Meeting's agenda focuses on fostering collaboration between federal, provincial authorities to enhance tax systems, improve compliance, and boost revenue collection, Finance Division says

Updated 04 Dec, 2024 10:35pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 31	278.75
USD PKR Interbank Buying / Dec 31	278.55
USD to Japanese Yen / Dec 31	157.31
USD to Swiss Franc / Dec 31	0.91
Pound Sterling to USD / Dec 31	1.25
Euro to USD / Dec 31	1.04

Stock	Volume
S&P 500 / Dec 31	5,881.63
India Sensex / Dec 31	78,139.01
Tokyo Nikkei / Dec 31	39,894.54
Nasdaq / Dec 31	19,310.79
Hang Seng / Dec 31	20,059.95
FTSE 100 / Dec 31	8,173.02
Dow Jones / Dec 31	42,544.22
Germany DAX 30 / Dec 31	19,909.14

Item	Value
Gold 10 Grams PKR / Dec 30	241,430.80
Crude Oil USD/Barrel / Dec 31	71.76
Karachi Cotton PKR/37.32 KG / Dec 31	17,800
Gold Spot USD/Ounce / Dec 31	2,638.20
Cotton US¢/pound / Dec 31	68.40
Petrol/Litre / Jan 2	252.66

Gainers
Losers
Leaders

Stock	Price
First Prudential Mod. / Jan 1 First Prudential Modaraba(PMI)	3.90 ▲ 1.00 (34.48%)
Escorts Bank / Jan 1 Escorts Investment Bank Limited(ESBL)	6.05 ▲ 1.00 (19.80%)
Ittefaq Iron Ind / Jan 1 Ittefaq Iron Industries Limited(ITTEFAQ)	8.47 ▲ 1.00 (13.39%)
Equity Modaraba / Jan 1 First Equity Modaraba(FEM)	3.53 ▲ 0.33 (10.31%)
Pak Stock Exchange / Jan 1 Pakistan Stock Exchange Limited(PSX)	30.53 ▲ 2.78 (10.02%)
Ali Asghar / Jan 1 Ali Asghar Textile Mills Limited(AATM)	72 ▲ 6.55 (10.01%)
Big Bird Foods / Jan 1 Big Bird Foods Limited(BBFL)	62.70 ▲ 5.70 (10.00%)
Crescent Steel / Jan 1 Crescent Steel & Allied Products Limited(CSAP)	115.51 ▲ 10.50 (10.00%)
Hallmark Co. / Jan 1 Hallmark Company Limited(HCL)	1,006.17 ▲ 91.47 (10.00%)

Stock	Price
Dadex Eternit / Jan 1 Dadex Eternit Limited(DADX)	63.47 ▼ -7.05 (-10.00%)
Frontier Ceram / Jan 1 Frontier Ceramics Limited(FRCL)	38.62 ▼ -4.29 (-10.00%)
Khairpur Sug. / Jan 1 Khairpur Sugar Mills Limited(KPUS)	183.43 ▼ -20.38 (-10.00%)
Shahmurad Sugar / Jan 1 Shahmurad Sugar Mills Limited(SHSML)	383.24 ▼ -42.58 (-10.00%)
Universal Ins. / Jan 1 The Universal Insurance Company Limited(UVIC)	10.76 ▼ -1.19 (-9.96%)
Fateh Sports / Jan 1 Fateh Sports Wear Limited(FSWL)	78.55 ▼ -8.67 (-9.94%)
East West Ins. / Jan 1 East West Insurance Company Limited(EWIC)	51.60 ▼ -5.69 (-9.93%)
Nimir Resins / Jan 1 Nimir Resins Limited(NRSL)	27.80 ▼ -2.99 (-9.71%)
Al-Khair Gadoon / Jan 1 Al-Khair Gadoon Limited(AKGL)	38 ▼ -3.45 (-8.32%)

Stock	Volume
Cnergyico PK / Jan 1 Cnergyico PK Limited(CNERGY)	213,352,120 ▼ -0.21
Pace (Pak) Ltd. / Jan 1 Pace (Pakistan) Limited(PACE)	66,219,268 ▼ -0.14
WorldCall Telecom / Jan 1 Worldcall Telecom Limited(WTL)	65,770,728 ▼ -0.01
B.O.Punjab / Jan 1 The Bank of Punjab(BOP)	63,821,141 ▲ 0.17
Pak Int.Bulk / Jan 1 Pakistan International Bulk Terminal(PIBTL)	62,440,252 ▼ -0.12
Fauji Foods Ltd / Jan 1 Fauji Foods Limited(FFL)	55,744,730 ▲ 0.27
Pak Refinery / Jan 1 Pakistan Refinery Limited(PRL)	50,109,115 ▼ -1.47
K-Electric Ltd. / Jan 1 K-Electric Limited(KEL)	44,203,440 ▼ -0.05
Telecard Limited / Jan 1 Telecard Limited(TELE)	34,631,623 ▲ 0.06

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