Trends - Dr Muhammad Ashfaq Ahmed

Dr Muhammad Ashfaq Ahmed

Amount involved in pending court cases touches Rs2.58trn mark

ISLAMABAD: The amount involved in tax-related cases under litigation now stands at nearly Rs2,582 billion and the...

Published 29 Nov, 2022 05:57am

Business & Finance

‘No electronic selection of tax cases for audit during FY2021-22 by FBR’

LAHORE: The Federal Board of Revenue (FBR) had not selected tax cases for audit electronically during the fiscal ...

Published 26 Jun, 2022 05:44am

Business & Finance

Change of guard in FBR leads to end of creating excessive tax demands

LAHORE: A change of guard in the Federal Board of Revenue (FBR) has led to an end to the culture of creating...

Published 31 May, 2022 05:11am

New FBR Chairman: Cabinet may consider appointment today

ISLAMABAD: The meeting of the federal cabinet scheduled to be held on Wednesday (today) is likely to consider...

Updated 27 Apr, 2022 10:21am

Identification of non-filers, under-filers: Protocols being finalised to integrate data with Nadra: FBR

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Dr Muhammad Ashfaq Ahmed Wednesday said the Board is still in the...

Updated 21 Apr, 2022 10:30am

Tax targets agreed with IMF must stay on track: PM

Prime Minister Shehbaz Sharif directs Federal Board of Revenue to achieve upward revised revenue collection target of Rs6.1 trillion for 2021-22

Updated 16 Apr, 2022 10:37am

Fertilizer firms being issued show-cause notices despite SRO compliance

ISLAMABAD: In spite of due compliance of relevant SRO, the Federal Board of Revenue (FBR)’s field formations are...

Updated 02 Apr, 2022 10:28am

‘Trade facilitation is top priority after revenue generation’: FBR chief

KARACHI: Federal Board of Revenue Chairman Dr Muhammad Ashfaq Ahmed has said trade facilitation is a top priority...

Updated 24 Mar, 2022 10:36am

Business & Finance

Tax compliance: Only 20pc of retail sector turnover visible to FBR: Ashfaq

ISLAMABAD: Chairman FBR/ Secretary Revenue Division, Dr Muhammad Ashfaq Ahmed said Tuesday that the annual business...

Published 16 Mar, 2022 05:40am

Pakistan

Allegations of favouring six big companies: PAC accepts FBR’s ‘clean chit’ to Shabbar Zaidi’s response

ISLAMABAD: The Public Accounts Committee (PAC), on Thursday, accepted the response of the Federal Board of Revenue...

Published 25 Feb, 2022 06:19am

Rs3.5bn revenue stuck: New IR court to expedite tax-related litigation processes: Dr Ashfaq

ISLAMABAD: The government will establish a new court of Inland Revenue to expedite the process of tax-related...

Updated 17 Feb, 2022 10:08am

Business & Finance

FBR chief lauds fast-paced infrastructure development under PSW

ISLAMABAD: Chairman FBR/Secretary Revenue Division Dr Muhammad Ashfaq Ahmed said the fast paced infrastructure...

Published 16 Feb, 2022 06:20am

Purported favour to 6 big firms: FBR gives its ex-chairman Zaidi a clean chit

ISLAMABAD: The Federal Board of Revenue (FBR),Thursday, gave a clean chit to the former chairman FBR and top...

Updated 11 Feb, 2022 09:47am

Matters relating to sales tax, income tax, FED: FY23 budget to envisage ‘one’ document for business community, general public

ISLAMABAD: Business community and general public would be able to have ‘’one’’ tax document in budget...

Updated 09 Feb, 2022 09:45am

Business & Finance

Inland Revenue Code: FBR chief reviews progress

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Dr Muhammad Ashfaq Ahmed, Saturday, reviewed the progress on the...

Published 30 Jan, 2022 04:04am

Business & Finance

FBR signs MoU with CBR AJ&K

ISLAMABAD: After the successful launch of its digitised National Sales Tax Return last month, the FBR achieved one...

Published 29 Jan, 2022 06:05am

FBR assures retailers: Issue of input tax adjustment to be resolved soon

ISLAMABAD: The Federal Board of Revenue (FBR), Thursday, assured the retailers that the issue of input tax ...

Updated 28 Jan, 2022 09:34am

FBR chief tells Customs Day gathering: Govt heavily relying on tax machinery

Updated 27 Jan, 2022 09:43am

Finance (Supplementary) Act, 2022 enforced

Will withdraw sales tax exemptions to the tune of Rs343 billion from January 16

Updated 17 Jan, 2022 09:49am

Fraudulent retailers: FBR chief hints at shutting down businesses

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Dr Muhammad Ashfaq Ahmed said Saturday that the FBR will close...

Updated 16 Jan, 2022 09:58am

Business & Finance

FBR to present new tax policy framework to cabinet

ISLAMABAD: To end the policy of tax exemptions in the future, the Federal Board of Revenue (FBR) Chairman, Dr...

Published 11 Jan, 2022 06:33am

FY23 budget: Remaining GST exemptions to be withdrawn: FBR chief

ISLAMABAD: Chairman FBR/Secretary Revenue Division, Dr Muhammad Ashfaq Ahmed said Wednesday that the government will...

Updated 06 Jan, 2022 09:32am

Pakistan

Redressal of problems: FBR chief advises taxpayers to visit RTO, collectorate of customs

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Dr Muhammad Ashfaq Ahmed has advised the taxpayers to visit their...

Published 02 Jan, 2022 05:05am

Zero-rating regime for pharma sector: Drug prices should come down by 15-20pc: FBR chief

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Dr Muhammad Ashfaq Ahmed Friday said that the prices of the...

Updated 01 Jan, 2022 10:21am

GST at standard rate of 17pc: ‘Unpopular’ and ‘politically tough’ decisions taken, says FBR

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Dr Muhammad Ashfaq Ahmed said Friday that the government took...

Updated 01 Jan, 2022 12:18pm

Only Rs2bn impact on the common man: Tarin says IMF programme ‘vital for economy’

ISLAMABAD: Finance Minister Shaukat Tarin on Thursday said that the International Monetary Fund (IMF) programme is...

Updated 31 Dec, 2021 10:18am

FBR chief condemns attack on IRS officer, his friend

ISLAMABAD: Chairman FBR/Secretary Revenue Division, Dr Muhammad Ashfaq Ahmed has condemned the firing incident in...

Updated 28 Dec, 2021 10:16am

Pakistan

Anti-smuggling measures at borders: FBR chief decides to beef up manpower

ISLAMABAD: Dr Muhammad Ashfaq Ahmed, Chairman FBR/Secretary Revenue Division has decided to enhance the manpower of...

Published 20 Dec, 2021 06:29am

Discrepancies in manual data: FBR to switch real-time WHT collection from power consumers

ISLAMABAD: Federal Board of Revenue (FBR) has decided to switch real time collection of withholding tax from...

Updated 11 Dec, 2021 12:37pm

Business & Finance

FBR chief informs envoy: Iranian vehicles’ movement restricted on NCOC’s direction

ISLAMABAD: The Federal Board of Revenue (FBR) Chairman Dr Muhammad Ashfaq Ahmed Friday informed Iranian ambassador ...

Published 05 Dec, 2021 04:26am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 15	277.70
USD PKR Interbank Buying / Nov 15	277.50
USD to Japanese Yen / Nov 15	154.30
USD to Swiss Franc / Nov 15	0.89
Pound Sterling to USD / Nov 15	1.26
Euro to USD / Nov 15	1.05

Stock	Volume
India Sensex / Nov 14	77,580.31
S&P 500 / Nov 15	5,870.62
Tokyo Nikkei / Nov 15	38,642.91
Nasdaq / Nov 15	18,680.12
Hang Seng / Nov 15	19,426.34
FTSE 100 / Nov 15	8,063.61
Dow Jones / Nov 15	43,444.99
Germany DAX 30 / Nov 15	19,210.81

Item	Value
Crude Oil USD/Barrel / Nov 15	67.02
Gold 10 Grams PKR / Nov 15	233,371.60
Gold Spot USD/Ounce / Nov 15	2,563.25
Cotton US¢/pound / Nov 15	68.91
Karachi Cotton PKR/37.32 KG / Nov 16	18,085
Petrol/Litre / Nov 17	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 17 786 Investments Limited(786)	6.33 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 17 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▼ 0.00 (0.00%)
Agro Allianz / Nov 17 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 17 Ali Asghar Textile Mills Limited(AATM)	56.65 ▼ 0.00 (0.00%)
Allied Bank / Nov 17 Allied Bank Limited(ABL)	115.07 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 17 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▼ 0.00 (0.00%)
Abson Ind. / Nov 17 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 17 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 17 786 Investments Limited(786)	6.33 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 17 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▲ 0.00 (0.00%)
Agro Allianz / Nov 17 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 17 Ali Asghar Textile Mills Limited(AATM)	56.65 ▲ 0.00 (0.00%)
Allied Bank / Nov 17 Allied Bank Limited(ABL)	115.07 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 17 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▲ 0.00 (0.00%)
Abson Ind. / Nov 17 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 17 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 17 Worldcall Telecom Limited(WTL)	77,999,077 ▲ 0.00
Fauji Foods Ltd / Nov 17 Fauji Foods Limited(FFL)	70,721,702 ▲ 0.00
Hascol Petrol / Nov 17 Hascol Petroleum Limited(HASCOL)	55,501,231 ▲ 0.00
K-Electric Ltd. / Nov 17 K-Electric Limited(KEL)	36,884,955 ▲ 0.00
Sui South Gas / Nov 17 Sui Southern Gas Company Limited(SSGC)	36,294,630 ▲ 0.00
D.S. Ind. Ltd. / Nov 17 D.S. Industries Limited(DSIL)	32,226,742 ▲ 0.00
TRG Pak Ltd / Nov 17 TRG Pakistan Limited(TRG)	29,018,611 ▲ 0.00
Pak Int.Bulk / Nov 17 Pakistan International Bulk Terminal(PIBTL)	22,405,457 ▲ 0.00
Treet Battery / Nov 17 Treet Battery Limited(TBL)	21,319,898 ▲ 0.00

Markets →

Budget 2024-25: income tax calculator for FY25

Dr Muhammad Ashfaq Ahmed

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