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 / Dec 18	278.55
USD PKR Interbank Buying / Dec 18	278.25
USD to Japanese Yen / Dec 18	153.63
USD to Swiss Franc / Dec 18	0.89
Pound Sterling to USD / Dec 18	1.27
Euro to USD / Dec 18	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
Nasdaq / Dec 17	20,109.06
FTSE 100 / Dec 17	8,195.20
Dow Jones / Dec 17	43,449.90
Germany DAX 30 / Dec 17	20,246.37
France CAC40 / Dec 17	7,365.70
India Sensex / Dec 18	80,231.76
Tokyo Nikkei / Dec 18	39,081.71

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 17	17,585
Gold 10 Grams PKR / Dec 17	241,860
Petrol/Litre / Dec 18	252.10
Crude Oil USD/Barrel / Dec 18	70.43
Gold Spot USD/Ounce / Dec 18	2,644.54
Diesel/Litre / Dec 18	255.38

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
Dadabhoy Cement / Dec 18 Dadabhoy Cement Industries Limited(DBCI)	8.02 ▲ 0.91 (12.80%)
S.G.Power / Dec 18 S.G. Power Limited(SGPL)	9.17 ▲ 1.00 (12.24%)
Faran Sugar (R) / Dec 18 Faran Sugar Mills Limited (R)(FRSMR)	9.43 ▲ 1.00 (11.86%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Data Agro / Dec 18 Data Agro Limited(DAAG)	139.24 ▲ 12.66 (10.00%)
Diamond Ind. / Dec 18 Diamond Industries Limited(DIIL)	20.90 ▲ 1.90 (10.00%)
Leather Up Ltd. / Dec 18 Leather Up Limited(LEUL)	26.74 ▲ 2.43 (10.00%)

Stock	Price
Equity Modaraba / Dec 18 First Equity Modaraba(FEM)	3.01 ▼ -0.43 (-12.50%)
Blue-Ex Ltd / Dec 18 Blue-Ex Limited (GEM)(GEMBLUEX)	37.76 ▼ -4.20 (-10.01%)
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
Biafo Ind. / Dec 18 Biafo Industries Limited(BIFO)	198.84 ▼ -22.09 (-10.00%)
Din Tex. / Dec 18 Din Textile Mills Limited(DINT)	45.90 ▼ -5.10 (-10.00%)
Imperial Limited / Dec 18 Imperial Limited(IML)	20.16 ▼ -2.24 (-10.00%)
Macter Int. Ltd / Dec 18 Macter International Limited(MACTER)	331.40 ▼ -36.82 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Bilal Fibres / Dec 18 Bilal Fibres Limited(BILF)	12.61 ▼ -1.40 (-9.99%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.14
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▼ -0.26
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	58,285,174 ▼ -0.54
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	57,202,972 ▼ -0.01
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▼ -1.00
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 1.37
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▲ 0.02
Hub Power Co. / Dec 18 The Hub Power Company Limited(HUBC)	33,289,968 ▼ -3.73
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	31,365,092 ▼ -0.26

Markets →

Budget 2024-25: income tax calculator for FY25

Dr Muhammad Ashfaq Ahmed

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