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Income of banks: IHC restrains govt from collecting tax

ISLAMABAD: The Islamabad High Court (IHC) has restrained the government from collecting tax on income of banks....

Updated 16 Nov, 2024 09:02am

Islamic banking operations: Senate body to call CII scholars

ISLAMABAD: Senate Standing Committee on Finance and Revenue Wednesday decided to call scholars of Council of Islamic...

Updated 14 Nov, 2024 09:04am

Business & Finance

Customer services: Banks mandated to address complaints within 30 days

KARACHI: In a major move towards better customer services, the response period to banking customers in respect of...

Updated 13 Nov, 2024 09:02am

Pakistan

Senate body told: Non-renewal of LDI licences can impact telecom ecosystem

ISLAMABAD: The non-renewal of Long Distance International (LDI) licences on account of outstanding dues of around Rs...

Published 09 Nov, 2024 07:33am

Banks and other financial institutions: SECP launches electronic mortgage register

KARACHI: Securities Exchange Commission of Pakistan (SECP) on Tuesday launched Electronic Mortgage Register for...

Updated 06 Nov, 2024 09:25am

IBIs: SBP adopts two AAOIFI Shariah standards

KARACHI: With a view to further strengthening Shariah compliance framework and harmonize the Shariah practices in...

Updated 30 Oct, 2024 09:06am

Duties, taxes on transhipment: Bank guarantees mandatory for Iranian transporters

ISLAMABAD: The Federal Board of Revenue (FBR) has made it mandatory for Iranian transport operators/bonded carriers...

Updated 25 Oct, 2024 09:24am

‘No proposal under study on ADR tax exemption for banks’

ISLAMABAD: Minister of State for Finance Ali Perveiz Malik said Wednesday that there is no proposal under...

Updated 24 Oct, 2024 09:36am

Sugar export to Tajikistan: SBP asks banks to process transactions

KARACHI: Pakistan is set to export 40,000 tons of sugar to Tajikistan under bilateral trade arrangements on a...

Updated 19 Oct, 2024 02:55pm

Export of 0.5m tons of sugar: Banks authorised to process cases

KARACHI: In accordance with federal government directives, the State Bank of Pakistan (SBP) has authorized banks to...

Updated 17 Oct, 2024 09:02am

Banking customers: Mohtasib provides over Rs1bn relief

KARACHI: The monetary relief of over Rs 1.06 billion, by disposing of 18,836 complaints, has been provided by the...

Updated 16 Oct, 2024 09:26am

Opinion

True riba-free Islamic banking

The motivation to provide interest- (riba) free financial services is derived from the desire of Muslim communities...

Updated 11 Oct, 2024 08:20am

Remittances: Two incentives available to banks and ECs now

KARACHI: To enhance the flow of home remittances, the State Bank of Pakistan (SBP) has revamped the incentive...

Updated 09 Oct, 2024 09:04am

Business & Finance

Regulatory retail portfolio: SBP ups limit for banks to Rs300m

KARACHI: The State Bank of Pakistan (SBP) has announced an increase in the regulatory retail portfolio limit for...

Published 09 Oct, 2024 06:26am

Business & Finance

Europe needs bigger banks to compete with US, Chinese rivals: Lagarde

FRANKFURT: Europe needs bigger and stronger banks that can compete with their US and Chinese rivals, European ...

Updated 07 Oct, 2024 08:05am

Business & Finance

Conventional to Islamic mode: SBP sets new bank branch conversion criteria

KARACHI: With a view to further facilitate banks in conversion of their branches, the State Bank of Pakistan (SBP)...

Updated 03 Oct, 2024 09:06am

Sugar export to Afghanistan: Banks directed to ensure 100pc advance payment

Measure aims to enhance transparency and safeguard the timely collection of export payments, particularly in trade with Afghanistan

Updated 02 Oct, 2024 03:05pm

Depositors of member banks: DPC ups guarantee amount to Rs1m

KARACHI: The Deposit Protection Corporation (DPC) has increased the guarantee amount for all eligible depositors of...

Updated 02 Oct, 2024 09:29am

FBR reconstitutes SSTR committee

ISLAMABAD: The Federal Board of Revenue (FBR) has reconstituted Single Sales Tax Return (SSTR) Committee for filing...

Updated 28 Sep, 2024 08:55am

IMF refutes it asked Pakistan to seek loan at 11pc from commercial bank

ISLAMABAD: The International Monetary Fund (IMF) has stated that it did not ask Pakistan to get a commercial loan...

Updated 27 Sep, 2024 10:04am

SBP working on Sukuk alternate structure: governor

ISLAMABAD: State Bank of Pakistan (SBP) Governor Jameel Ahmad, Wednesday, said that the SBP is working on an...

Updated 26 Sep, 2024 08:46am

Higher returns thru Islamic banking perturb Senate panel?

ISLAMABAD: State Bank of Pakistan (SBP) Governor Jameel Ahmad, Wednesday, said that inflation is expected to remain...

Updated 26 Sep, 2024 09:03am

Business & Finance

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

Faulty returns: FBR proposes harsh enforcement steps

ISLAMABAD: The Federal Board of Revenue (FBR) has proposed harsh enforcement measures against the existing filers of...

Updated 13 Sep, 2024 09:14am

Monthly TBML-related STRs’ volume surges 398pc: ADB

ISLAMABAD: Pakistan’s monthly trade-based money laundering (TBML) related suspicious transaction reports (STRs)...

Updated 11 Sep, 2024 09:26am

Business & Finance

‘Banks’ signboards do not fall under definition of advertisements’

LAHORE: Signboards installed by the banks do not come within the definition of advertisement and billboard, ...

Updated 05 Sep, 2024 07:17am

BR Research

Allied Bank: Steady growth

Allied Bank Limited (ABL) posted its first half financial results for CY24, declaring an interim cash dividend of...

Published 02 Sep, 2024 09:29am

Conversion of power plants to Thar coal: Govt likely to ask local banks for financing

ISLAMABAD: The government is likely to ask local banks to finance conversion of imported coal projects to Thar coal...

Updated 02 Sep, 2024 03:28pm

Business & Finance

Islamic financing helps govt save billions

KARACHI: The cash-strapped government is saving billions of rupees on account of raising financing through selling...

Updated 02 Sep, 2024 09:08am

Moody’s lifts long-term deposit ratings of 5 banks

ISLAMABAD: Moody’s Ratings (Moody’s) upgraded the long-term deposit ratings to Caa2 from Caa3 of five Pakistani...

Updated 31 Aug, 2024 03:33pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 21	278.03
USD PKR Interbank Buying / Nov 21	277.78
USD to Japanese Yen / Nov 21	154.92
USD to Swiss Franc / Nov 21	0.88
Pound Sterling to USD / Nov 21	1.26
Euro to USD / Nov 21	1.05

Stock	Volume
S&P 500 / Nov 20	5,917.11
Nasdaq / Nov 20	18,966.14
Dow Jones / Nov 20	43,408.47
India Sensex / Nov 21	77,137.20
Tokyo Nikkei / Nov 21	38,026.17
Hang Seng / Nov 21	19,620.49
FTSE 100 / Nov 21	8,069.57
Germany DAX 30 / Nov 21	18,942.65

Item	Value
Petrol/Litre / Nov 21	248.38
Crude Oil USD/Barrel / Nov 21	69.38
Karachi Cotton PKR/37.32 KG / Nov 21	17,785
Gold 10 Grams PKR / Nov 21	238,340
Gold Spot USD/Ounce / Nov 21	2,662.71
Diesel/Litre / Nov 21	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▼ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▼ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▼ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▲ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▲ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▲ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Nov 21 K-Electric Limited(KEL)	174,389,145 ▲ 0.00
Hascol Petrol / Nov 21 Hascol Petroleum Limited(HASCOL)	63,973,243 ▲ 0.00
Kohinoor Spining / Nov 21 Kohinoor Spinning Mills Limited(KOSM)	62,996,737 ▲ 0.00
Aisha Steel Mill / Nov 21 Aisha Steel Mills Limited(ASL)	48,137,561 ▲ 0.00
Waves Home Appliances / Nov 21 Waves Home Appliances Limited(WAVESAPP)	43,506,391 ▲ 0.00
Lotte Chemical / Nov 21 Lotte Chemical Pakistan Limited(LOTCHEM)	40,852,960 ▲ 0.00
Telecard Limited / Nov 21 Telecard Limited(TELE)	36,937,252 ▲ 0.00
Cnergyico PK / Nov 21 Cnergyico PK Limited(CNERGY)	31,401,025 ▲ 0.00
WorldCall Telecom / Nov 21 Worldcall Telecom Limited(WTL)	31,346,592 ▲ 0.00

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Budget 2024-25: income tax calculator for FY25

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