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advance tax

FBR intensifies efforts to collect advance tax instalments

ISLAMABAD: The Federal Board of Revenue (FBR) has intensified efforts to timely collect due “advance tax”...

Published 14 Sep, 2024 07:36am

‘Privatisation of PIA by end of Oct’

Federal Minister for Defence Khawaja Asif says flights not viable commercially for PIA from Hyderabad to Karachi

Updated 10 Sep, 2024 09:53am

FBR considering traders’ new proposal to collect advance tax

FBR has also agreed to reduce the upper slabs of fixed tax of Rs 60,000 to a reasonable level

Updated 10 Sep, 2024 12:57pm

Opinion

Challenges before FBR’s new chairman

FBR (Federal Board of Revenue) has failed to meet original tax targets for the last six fiscal years, three of the...

Published 06 Sep, 2024 07:23am

Business & Finance

FPCCI says against any further increase in taxes

KARACHI: Atif Ikram Sheikh, President FPCCI, has unequivocally stated that FPCCI vociferously opposed any further...

Published 04 Sep, 2024 08:18am

Advance tax: FBR asks traders to give alternative solution to valuation table

ISLAMABAD: The Federal Board of Revenue (FBR), Tuesday, asked traders to give alternative solution to the valuation...

Updated 04 Sep, 2024 09:12am

Fixation of monthly advance tax from retailers: FBR agrees to review valuation table

ISLAMABAD: The Federal Board of Revenue (FBR), Monday, agreed to a major demand of All Pakistan Anjuman-e-Tajran to...

Updated 03 Sep, 2024 09:15am

Only 277 retailers have paid Rs503,632 under Tajir Dost Scheme so far

Total number of registered retailers now stands at 63,964

Updated 31 Aug, 2024 10:14pm

Editorials

Traders’ opposition to Tajir Dost Scheme

EDITORIAL: Traders’ opposition to registration and payment of advance tax based on the location of their business,...

Published 30 Aug, 2024 06:52am

FBR issues simple tax return form for traders

ISLAMABAD: The Federal Board of Revenue (FBR) has issued a simple return form for traders for tax year 2024. In this...

Updated 29 Aug, 2024 10:49am

FBR to introduce market-level review mechanism

ISLAMABAD: The Federal Board of Revenue (FBR) will introduce a market-level review mechanism having representation...

Updated 28 Aug, 2024 02:54pm

Editorials

Tajir Dost Scheme: unfriendly response?

EDITORIAL: A Business Recorder exclusive has revealed that 58,000 out of 3.2 million small traders/shopkeepers have...

Updated 15 Aug, 2024 06:56am

Business & Finance

Tax dept can’t reject advance tax estimates filed by taxpayer

LAHORE: A taxpayer company has challenged unwarranted recovery of advance tax by the tax department, saying that the...

Published 11 Jul, 2024 06:13am

Business & Finance

FBR tells ministry: 2.5pc advance tax not applicable to OMCs’ outlets

ISLAMABAD: The Federal Board of Revenue (FBR) Friday conveyed to the Ministry of Energy that the Section 236H (2.5...

Published 06 Jul, 2024 06:48am

Unregistered retailers: 2.5pc advance tax stirs up a hornet’s nest

Thrusts entire FMCG sector into the role of withholding agents

Updated 05 Jul, 2024 09:33am

Pakistan

Advance tax imposition: PPDA says will hold countrywide strike on 5th

KARACHI: The Pakistan Petroleum Dealers Association (PPDA) has announced a countrywide strike on July 05, against ...

Published 02 Jul, 2024 05:07am

Budget proposals: OICCI calls for abolishing advance tax on telecom subscribers

ISLAMABAD: The Overseas Investors Chamber of Commerce and Industry (OICCI) has recommended the government to abolish...

Updated 26 May, 2024 09:12am

Markets

Tax proposals: PBC calls for ‘out of box solutions’

The Pakistan Business Council (PBC), one of the country’s largest corporate sector advocacy platforms, has urged...

Updated 20 May, 2024 08:06pm

Immovable properties: Hike in advance tax on purchase likely

Taxation on real estate discussed during ongoing meetings between FBR and IMF

Updated 17 May, 2024 11:39am

Property registration in Punjab: Mega WHT evasion scam unearthed

Tax office of Federal Board of Revenue conducts an electronic audit of property registrars in Punjab

Updated 18 Dec, 2023 11:51am

Rs940bn target for Dec: FBR chief starts meetings to review progress

KARACHI: The Federal Board of Revenue (FBR) is likely to struggle hitting its revenue target of Rs. 940 billion for...

Updated 13 Dec, 2023 08:50am

FY23 sales of immovable properties: WHT collection registers 340.5pc growth YoY

Federal Board of Revenue releases withholding tax data

Updated 29 Nov, 2023 09:51am

Business & Finance

Past income tax arrears: FBR recovers Rs2.8bn

ISLAMABAD: The Federal Board of Revenue’s recovery from past income tax arrears totaled at Rs 2.8 billion during...

Published 29 Nov, 2023 05:09am

Business & Finance

Recording of advance tax: SECP proposes amendments to insurance regulatory framework

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has proposed amendments to insurance regulatory...

Published 08 Nov, 2023 05:42am

Project-to-project basis: Developers and builders to pay advance tax: FBR

ISLAMABAD: The new advance tax imposed on developers and builders would be paid on a project-to-project basis. The...

Updated 01 Aug, 2023 09:24am

Over Rs50,000 cash withdrawals thru credit cards/ATMs: Non-filers to pay 0.6pc WHT: FBR

Through Income Tax Circular 2 of 2023, FBR has explained important amendments made in the Income Tax Ordinance, 2001 (the Ordinance) through Finance Act 2023

Updated 30 Jul, 2023 09:49am

‘Illicit cigarette manufacturers exploit export quotas, evade advance tax’

Pakistan

Business & Finance

Amendments enacted by Finance Act, 2023 vis-à-vis those proposed in Finance Bill 2023–I

The Federal Government presented Finance Bill, 2023(‘FB’) in the National Assembly on June 9, 2023. After the...

Published 28 Jun, 2023 06:31am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 30	277.85
USD PKR Interbank Buying / Oct 30	277.65
USD to Japanese Yen / Oct 30	153.03
USD to Swiss Franc / Oct 30	0.87
Pound Sterling to USD / Oct 30	1.29
Euro to USD / Oct 30	1.08

Stock	Volume
S&P 500 / Oct 30	5,813.67
India Sensex / Oct 30	79,850.58
Tokyo Nikkei / Oct 30	39,116.79
Nasdaq / Oct 30	18,607.93
Hang Seng / Oct 30	20,489.06
FTSE 100 / Oct 30	8,159.63
Dow Jones / Oct 30	42,141.54
Germany DAX 30 / Oct 30	19,257.34

Item	Value
Crude Oil USD/Barrel / Oct 30	68.95
Karachi Cotton PKR/37.32 KG / Oct 30	18,085
Gold 10 Grams PKR / Oct 30	246,403.40
Gold Spot USD/Ounce / Oct 30	2,786.14
Cotton US¢/pound / Oct 30	69.88
Petrol/Litre / Oct 31	247.03

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Oct 31 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Oct 31 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Oct 31 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 31 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 31 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 31 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 31 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Oct 31 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Oct 31 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Oct 31 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Oct 31 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Oct 31 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Oct 31 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Oct 31 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Oct 31 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Oct 31 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Oct 31 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Oct 31 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Oct 31 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Oct 31 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Oct 31 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Oct 31 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Oct 31 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Oct 31 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Oct 31 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Oct 31 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Oct 31 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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