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corporate tax

Dated IMF staff report

The International Monetary Fund (IMF) uploaded documents early 11 October Pakistan time, nearly thirteen weeks after...

Updated 14 Oct, 2024 07:33am

World

Biden to push higher corporate tax in key political speech

WASHINGTON: US President Joe Biden is expected to raise pressure Thursday on major corporations and wealthy...

Published 07 Mar, 2024 09:00pm

Rs16bn money-laundering case: probe suspended

KARACHI: The Federal Board of Revenue (FBR) has reportedly suspended investigations against four shell companies...

Updated 06 Jan, 2024 05:18pm

World

Germany passes four-year 32bn euro corporate tax relief to revive economy

BERLIN: The German cabinet on Wednesday approved a four-year, 32 billion euro ($34.77 billion) tax cut package...

Published 30 Aug, 2023 02:09pm

Business & Finance

PTA to hire consultants over most efficient/effective tax model

ISLAMABAD: The Pakistan Telecommunication Authority (PTA) is planning to hire tax consultants to propose the most...

Published 20 Jun, 2023 03:16am

World

Swiss voters approve global minimum corporate tax, climate goals

ZURICH: Swiss voters voted on Sunday to introduce a global minimum tax on businesses and a climate law that aims to...

Published 19 Jun, 2023 06:55am

Business & Finance

‘Arbitrary’ notices irk beverage firms

LAHORE: Issuance of arbitrary tax notices to the beverage sector firms without referring disputed matters to the...

Published 02 Mar, 2023 06:23am

Business & Finance

OECD sees revenue gains from new tax pact reaching $250bn

PARIS: New cross-border corporate tax rules could yield about a quarter of a trillion dollars in extra revenue for...

Published 19 Jan, 2023 05:58am

World

Proposed US corporate tax hike won’t save global minimum tax deal

WASHINGTON: A corporate minimum tax in a congressional spending bill set for passage on Friday will not bring the...

Published 12 Aug, 2022 08:36pm

World

India’s April-June fiscal deficit narrows amid fall in subsidies

NEW DELHI: India’s federal fiscal deficit for the three months through June rose lower-than expected to 3.5 trillion...

Published 29 Jul, 2022 04:56pm

World

Yellen says US aims to move ahead with global minimum corporate tax despite setback

NUSA DUA: The United States will look for every opportunity to move ahead and enact a global minimum corporate tax...

Published 16 Jul, 2022 04:00pm

Business & Finance

PHMA chairman slams 10pc supertax on major industries

FAISALABAD: Mian Kashif Zia Chairman of the Pakistan Hosiery Manufacturers and Exporters Association (North Zone),...

Published 26 Jun, 2022 05:44am

Business & Finance

'In coming months': Govt to expand tax net with consultation, says Miftah Ismail

Finance minister says will bring real estate brokers, builders, housing society developers, car dealers, restaurants, salons etc in the tax net

Updated 25 Jun, 2022 04:32pm

Opinion

Taxing nation’s savings – but at what cost?

The budget 2022-23 is continuation of a series of budgets for the last several years that have been increasing tax...

Updated 25 Jun, 2022 05:16pm

Business & Finance

FPCCI denounces imposition of supertax

KARACHI: Shabbir Mansha, Acting President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has...

Updated 25 Jun, 2022 09:41am

World

EU lawmakers back minimum corporate tax, seek future review

BRUSSELS: The European Parliament overwhelmingly backed the European Union’s adoption of a global minimum tax for...

Published 19 May, 2022 06:15pm

Business & Finance

What does Dubai’s new corporate tax mean for its competitive edge?

KARACHI: The UAE has long remained a magnet for foreign firms because they don’t have to pay any corporate tax. ...

Updated 04 Mar, 2022 12:14pm

Business & Finance

Experts weigh in as UAE introduces federal corporate tax: report

Say it may not impact UAE's ability to attract investment, but some sectors could get hit harder than others

Published 01 Feb, 2022 07:26pm

World

UAE to introduce federal corporate tax on business profits from June 1, 2023

DUBAI: The United Arab Emirates will introduce a federal corporate tax on business profits starting from June 1, ...

Published 31 Jan, 2022 05:44pm

Business & Finance

Uniform made mandatory for all ranks of IRS

ISLAMABAD: The Federal Board of Revenue (FBR) has made it mandatory for all ranks of Inland Revenue Services of ...

Published 28 Nov, 2021 05:38am

Business & Finance

Indonesian parliament passes major tax overhaul bill, VAT to rise next year

JAKARTA: The Indonesian parliament passed into law one of the country's most ambitious tax overhauls on Thursday,...

Published 07 Oct, 2021 10:12am

World

G7 seeks more progress on global corporate tax reform

Diplomats are now pushing for a deal at the next Group of 20 summit in October on the technical parameters for the reform

Published 09 Sep, 2021 07:16pm

Business & Finance

Shell unveils carbon capture project in Canada's Alberta province

Shell said it will make a final investment decision in 2023, and if approved operations would start in the mid-2020s.
Canada's carbon tax will ramp up to C$170 a ton by 2030, and clean fuel standards will come into force at the end of next year.

Published 13 Jul, 2021 05:43pm

Business & Finance

G20 to endorse deal on global minimum corporate tax

BRUSSELS: The world's financial leaders will endorse on July 9-10 a deal setting a global minimum corporate tax and...

Published 28 Jun, 2021 04:38am

World

G20 to endorse OECD deal on global minimum corporate tax

G7 finance ministers agreed backed earlier this month a global minimum tax rate of at least 15% and thresholds for divvying up governments' rights to tax the profits on cross-border commerce.

Published 22 Jun, 2021 03:35pm

Business & Finance

Singapore says will make needed changes to corporate tax once consensus on G7 plan

Singapore's competitiveness was not just based on its low tax rates and generous incentive programme, according to Wong.

Published 08 Jun, 2021 11:36am

World

Yellen pushes countries to ‘give up the game’ on corporate taxes

WASHINGTON: Raising US corporate taxes could spur similar moves by other countries and hasten the establishment of a...

Updated 08 Apr, 2021 09:12am

IMF says investments in vaccines ‘pay for themselves’

WASHINGTON: Public spending aimed at accelerating Covid-19 vaccination campaigns and ending the pandemic will...

Published 08 Apr, 2021 04:10am

World

Germany hails US move on corporate tax as 'great step forward'

Finance ministers of the G20 club of large economies are expected to discuss the proposal during a virtual meeting on Wednesday, hosted by Italy.

Published 06 Apr, 2021 04:42pm

World

US Treasury Secretary Yellen to call for global minimum tax rate

The US commitment to a global minimum tax also could help jump-start negotiations between wealthy countries on taxing international corporations, according to tax experts.
We are working with G20 nations to agree to a global minimum corporate tax rate that can stop the race to the bottom.

Published 05 Apr, 2021 08:02pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 3	277.92
USD PKR Interbank Buying / Dec 3	277.72
USD to Japanese Yen / Dec 3	150.01
USD to Swiss Franc / Dec 3	0.89
Pound Sterling to USD / Dec 3	1.27
Euro to USD / Dec 3	1.05

Stock	Volume
S&P 500 / Dec 2	6,047.15
Nasdaq / Dec 2	19,403.95
Dow Jones / Dec 2	44,782
India Sensex / Dec 3	80,853.10
Tokyo Nikkei / Dec 3	39,248.86
Hang Seng / Dec 3	19,694.44
FTSE 100 / Dec 3	8,345.09
Germany DAX 30 / Dec 3	20,011.64

Item	Value
Gold 10 Grams PKR / Dec 2	235,340
Petrol/Litre / Dec 3	252.10
Crude Oil USD/Barrel / Dec 3	68.37
Karachi Cotton PKR/37.32 KG / Dec 3	17,685
Gold Spot USD/Ounce / Dec 3	2,645.88
Diesel/Litre / Dec 3	258.43

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Dec 3 786 Investments Limited(786)	7.30 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Dec 3 Al-Abbas Sugar Mills Limited(AABS)	630 ▼ 0.00 (0.00%)
Agro Allianz / Dec 3 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Dec 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Dec 3 Ali Asghar Textile Mills Limited(AATM)	67.69 ▼ 0.00 (0.00%)
Allied Bank / Dec 3 Allied Bank Limited(ABL)	150 ▼ 0.00 (0.00%)
Abbott Lab. / Dec 3 Abbott Laboratories (Pakistan) Limited(ABOT)	1,118.68 ▼ 0.00 (0.00%)
Abson Ind. / Dec 3 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Dec 3 Alfalah Consumer Index ETF.(ACIETF)	13.14 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Dec 3 786 Investments Limited(786)	7.30 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Dec 3 Al-Abbas Sugar Mills Limited(AABS)	630 ▲ 0.00 (0.00%)
Agro Allianz / Dec 3 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Dec 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Dec 3 Ali Asghar Textile Mills Limited(AATM)	67.69 ▲ 0.00 (0.00%)
Allied Bank / Dec 3 Allied Bank Limited(ABL)	150 ▲ 0.00 (0.00%)
Abbott Lab. / Dec 3 Abbott Laboratories (Pakistan) Limited(ABOT)	1,118.68 ▲ 0.00 (0.00%)
Abson Ind. / Dec 3 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Dec 3 Alfalah Consumer Index ETF.(ACIETF)	13.14 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Dec 3 Worldcall Telecom Limited(WTL)	213,514,857 ▲ 0.00
Cnergyico PK / Dec 3 Cnergyico PK Limited(CNERGY)	196,907,321 ▲ 0.00
Fauji Foods Ltd / Dec 3 Fauji Foods Limited(FFL)	68,325,507 ▲ 0.00
K-Electric Ltd. / Dec 3 K-Electric Limited(KEL)	66,212,972 ▲ 0.00
Sui South Gas / Dec 3 Sui Southern Gas Company Limited(SSGC)	65,264,278 ▲ 0.00
B.O.Punjab / Dec 3 The Bank of Punjab(BOP)	61,288,845 ▲ 0.00
Hascol Petrol / Dec 3 Hascol Petroleum Limited(HASCOL)	49,268,731 ▲ 0.00
Pak Int.Bulk / Dec 3 Pakistan International Bulk Terminal(PIBTL)	46,902,495 ▲ 0.00
Fauji Cement / Dec 3 Fauji Cement Company Limited(FCCL)	31,910,059 ▲ 0.00

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