Business & Finance » Taxes

Taxes

Tax dept misuses authority: Automatic audit selection under fire

LAHORE: The tax department’s automatic selection of tax returns for audit has come under scrutiny, with critics...

Updated 02 Nov, 2024 07:04am

Taxes

Major reshuffle in FBR

ISLAMABAD: In a major reshuffling, the Federal Board of Revenue (FBR) has transferred and posted 18 top Inland...

Published 02 Nov, 2024 06:15am

Taxes

Tax dept misuses authority: Automatic audit selection under fire

LAHORE: The tax department’s automatic selection of tax returns for audit has come under scrutiny, with critics...

Published 02 Nov, 2024 06:15am

Taxes

FBR’s efforts to stop tax leakages commendable

LAHORE: The government's recognition and efforts to curb tax evasion across the country are commendable; however,...

Published 01 Nov, 2024 08:08am

Taxes

Sales tax evasion: Tribunal overturns order against taxpayer

LAHORE: In a significant ruling, the Customs, Excise and Sales Tax appellate tribunal has annulled orders passed by...

Published 01 Nov, 2024 08:25am

Taxes

FBR removes inspector for illegal removal of goods from customs warehouse

ISLAMABAD: The Federal Board of Revenue (FBR) has removed from services Ghulam Mustafa, Inspector Customs,...

Published 31 Oct, 2024 07:06am

2024-10-31-01-02

Taxpayers accused of defying taxation law

LAHORE: In a brazen display of disregard for the law, taxpayers in Pakistan continued to defy the Federal Excise Act...

Published 31 Oct, 2024 07:26am

Taxes

KPRA launches monitoring & enforcement drive

PESHAWAR: As the wedding season kicks off and winter approaches, the Khyber Pakhtunkhwa Revenue Authority (KPRA) has...

Published 31 Oct, 2024 06:18am

Taxes

Reactivation of SIMs of non-filers: FTO directs FBR to issue SOP for guidance

ISLAMABAD: Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to instruct Member-IR...

Published 29 Oct, 2024 03:27am

Taxes

DG I&I (Customs) DG Enforcement (Customs): FBR removes duplication of functions/roles

ISLAMABAD: The Federal Board of Revenue (FBR) has removed duplication of functions/roles between the Directorate...

Updated 28 Oct, 2024 08:13am

Taxes

UK increases windfall tax on North Sea oil and gas producers

LONDON: The British government will increase a windfall tax on North Sea oil and gas producers to 38% from 35% and...

Published 31 Oct, 2024 06:18am

Taxes

POS invoicing system: Two restaurants sealed for issuing fake receipts

ISLAMABAD: As part of FBR’s drive to bring Tier-1 retailers/ restaurants under the tax net through POS invoicing...

Published 28 Oct, 2024 07:39am

Taxes

Smuggling: FBR moves summaries to PM for enforcement steps

ISLAMABAD: Chairman Federal Board of Revenue (FBR) Rashid Mahmood, Wednesday, said that the FBR has moved seven...

Published 24 Oct, 2024 06:49am

Taxes

PM Shehbaz urges FBR to use technology to improve revenue collection

Premier seeks roadmap for reconstruction of Pakistan Revenue Automation Limited

Updated 24 Oct, 2024 11:47pm

Taxes

FBR gives additional charge of Chief Investigator to Siddiqui

ISLAMABAD: The Federal Board of Revenue (FBR) has given additional charge of the post of Chief Investigator, Tax...

Published 24 Oct, 2024 06:49am

Taxes

LCCI holds awareness session on income tax return filing

LAHORE: The Lahore Chamber of Commerce & Industry (LCCI) has organised an awareness session on the filing of...

Published 23 Oct, 2024 08:07am

Taxes

SRO 350(I)/2024: FTO raises tax return concerns

ISLAMABAD: The Federal Tax Ombudsman (FTO) has expressed serious concern that Federal Board of Revenue’s SRO...

Published 23 Oct, 2024 06:22am

Taxes

Minister for tax reforms to promote business growth

LAHORE: Punjab Finance Minister Mian Mujtaba Shuja-ur-Rehman noted the disparities in the tax burden, saying that...

Published 18 Oct, 2024 06:10am

Taxes

Probe into burdening taxpayers: FBR fails to timely submit comments before FTO

ISLAMABAD: The Federal Board of Revenue (FBR) has failed to timely submit comments before the Federal Tax Ombudsman...

Updated 17 Oct, 2024 07:33am

Taxes

Tax return filing deadline extended

ISLAMABAD: The Federal Board of Revenue (FBR) has extended the last date for filing of income tax returns, ie, up to...

Published 15 Oct, 2024 06:47am

Taxes

Repeated maladministration to taxpayers: FTO directs FBR to take action against RTO Rawalpindi officers

ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to take immediate action...

Updated 15 Oct, 2024 08:28am

Taxes

FBR extends deadline for filing tax returns till October 31

The Federal Board of Revenue (FBR) on Monday extended the deadline for filing the income tax returns further till...

Published 15 Oct, 2024 12:57am

Taxes

Fair trials: ATIR’s overwhelming caseload threatening taxpayers’ rights

KARACHI: The Appellate Tribunal Inland Revenue (ATIR) is facing an overwhelming caseload and insufficient resources...

Published 28 Aug, 2024 07:51am

2024-10-14-12-58

Gang involved in selling non-customs paid products: FTO summons FBR members for not initiating action

ISLAMABAD: The Federal Tax Ombudsman (FTO) has summoned Member Operations-IR and Member Customs Operations Federal...

Published 14 Oct, 2024 06:24am

Taxes

Sales tax returns: KTBA seeks e-filing deadline extension

KARACHI: Karachi Tax Bar Association (KTBA) has requested the Federal Board of Revenue (FBR) to extend the date of...

Published 27 Aug, 2024 06:44am

Taxes

FBR warns officers against non submission of declaration of assets

ISLAMABAD: The Federal Board of Revenue (FBR) has warned that any officer who failed to submit Declaration of Assets...

Published 10 Oct, 2024 03:03am

Taxes

Senate panel briefed ‘Proposed ‘NTA’ to end corruption within FBR’

ISLAMABAD: The proposed National Tax Authority (NTA) - an automated tax agency would end corruption and...

Published 10 Oct, 2024 03:03am

Taxes

‘Credible’ forensic lab test must for vehicle auction

ISLAMABAD: The Federal Board of Revenue (FBR) has made it mandatory for the Customs Department to conduct forensic...

Published 09 Oct, 2024 08:33am

Taxes

‘Mini-budget possibility decreasing due to tax reforms’

KARACHI: Chairman of the FPCCI Advisory Board and National Business Group Pakistan, President Pakistan Businessmen...

Published 09 Oct, 2024 08:50am

Taxes

Operating in Gwadar Zone: FBR places checks on import of duty-free vehicles

ISLAMABAD: The Federal Board of Revenue (FBR) has placed strict checks on the import of duties and taxes free...

Published 09 Oct, 2024 08:52am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 1	277.78
USD PKR Interbank Buying / Nov 1	277.68
USD to Japanese Yen / Nov 1	153.01
USD to Swiss Franc / Nov 1	0.87
Pound Sterling to USD / Nov 1	1.29
Euro to USD / Nov 1	1.08

Stock	Volume
S&P 500 / Nov 1	5,728.80
India Sensex / Nov 1	79,724.12
Tokyo Nikkei / Nov 1	38,053.67
Nasdaq / Nov 1	18,239.92
Hang Seng / Nov 1	20,506.43
FTSE 100 / Nov 1	8,177.15
Dow Jones / Nov 1	42,052.19
Germany DAX 30 / Nov 1	19,254.97

Item	Value
Crude Oil USD/Barrel / Nov 1	69.49
Karachi Cotton PKR/37.32 KG / Nov 1	18,085
Gold 10 Grams PKR / Nov 1	244,084
Gold Spot USD/Ounce / Nov 1	2,736.53
Cotton US¢/pound / Nov 1	70.17
Petrol/Litre / Nov 2	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 2 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Nov 2 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Nov 2 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Nov 2 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 2 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Nov 2 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Nov 2 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Nov 2 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Nov 2 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Nov 2 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Nov 2 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Nov 2 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Nov 2 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Nov 2 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Nov 2 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Nov 2 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Nov 2 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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