Trends - duties and taxes - Business Recorder

duties and taxes

Branches opening on Saturdays: FBR directives to Chief Collectors of Customs

ISLAMABAD: The Federal Board of Revenue (FBR) has directed Chief Collectors of Customs to establish liaison with the...

Published 12 Dec, 2024 06:01am

Business & Finance

Customs reduces values of imported power tools

LAHORE: In a stunning reversal, the customs valuation department has effectively reduced the custom values of power...

Updated 10 Dec, 2024 09:13am

Taftan border to NLC Dry Port: Bank guarantees made mandatory for Iranian carriers

ISLAMABAD: Iranian transport operators have been bound to submit bank guarantees to Pakistani customs authorities on...

Updated 23 Nov, 2024 09:39am

Business & Finance

FBR limits role of DGI&I (Customs)

ISLAMABAD: The Federal Board of Revenue (FBR) has limited the role and functions of Directorate General of...

Published 16 Nov, 2024 07:20am

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

Power tools: New customs values fixed

ISLAMABAD: The Directorate General of Customs Valuation Karachi has fixed new customs values on the import of 31...

Updated 13 Oct, 2024 11:32am

Business & Finance

Operating in Gwadar Zone: FBR places checks on import of duty-free vehicles

ISLAMABAD: The Federal Board of Revenue (FBR) has placed strict checks on the import of duties and taxes free...

Published 09 Oct, 2024 08:52am

Business & Finance

Battargram-Silk/Karakoram road: FBR establishes check post of IR officers

ISLAMABAD: The Federal Board of Revenue (FBR) has established a check post of Inland Revenue officers at district...

Published 09 Aug, 2024 06:56am

Recycled copper: Exporters allowed cut in value of input goods

ISLAMABAD: The exporters of the recycled copper sector have been allowed a reduction in the value of input goods to...

Updated 28 Jul, 2024 09:45am

Pakistan

‘Foreign gifts not for sale’: Govt directs ministries to submit undertaking

ISLAMABAD: The government has directed all ministries to submit undertaking that duties and taxes free goods...

Updated 02 Jul, 2024 09:07am

Tax relief on humanitarian donations, gifts: Revenue Division directed to process law amendments

ISLAMABAD: The Federal Cabinet has directed the Revenue Division to process amendments to law/rules to ensure...

Updated 30 May, 2024 09:28am

FBR plans to collect Rs1.296trn thru duties

ISLAMABAD: The Federal Board of Revenue (FBR) has estimated to collect nearly Rs1,296 billion from customs duties in...

Updated 29 May, 2024 09:19am

Business & Finance

Import of black tea: Govt decides to revise structure of duties, taxes

ISLAMABAD: The government has decided to revise duties and taxes structure on the import of black tea in coming...

Published 16 May, 2024 06:28am

2022-23 period: Army paid Rs100bn duties, taxes: DG ISPR

ISLAMABAD: Director General Inter-Services Public Relations (DG ISPR) Maj-Gen Ahmed Sharif on Tuesday said the...

Updated 08 May, 2024 09:18am

Local automobile industry in deep trouble: PAMA

KARACHI: The local automobile industry, already grappling with myriad of challenges, is now being severely impacted...

Updated 27 Mar, 2024 09:34am

Computer monitor panels: Customs’ values on import of old, used LCD/LED fixed

ISLAMABAD: Directorate General of Customs Valuation Karachi for the first-time fixed customs values on the import of...

Updated 08 Feb, 2024 10:07am

Business & Finance

Transit goods: alleged overcharging sparks legal battle

LAHORE: Customs authorities are blamed for imposing duties and taxes on the goods in transit found in access of the...

Published 19 Jan, 2024 05:37am

Another importer booked for duty evasion

ISLAMABAD: The Customs Collectorate SAPT, Karachi has booked another importer on evasion of duty on import of...

Updated 08 Jan, 2024 09:34am

Pakistan

Officer’s failure to understand matter properly causes Customs revenue loss

LAHORE: Misunderstanding on the part of appropriate officer leads to loss of revenue to the customs department, said...

Published 04 Jan, 2024 05:41am

Business & Finance

Collection of govt receipts, taxes: Bank branches to remain open today, tomorrow

KARACHI: The State Bank of Pakistan (SBP) has announced opening of concerned branches of all banks for collection of...

Published 30 Dec, 2023 06:28am

Opinion

Non-disclosures & underperformance

Ever year Federal Board of Revenue (FBR) as Revenue Division of Ministry of Finance (MoF), issues data relating to...

Published 22 Dec, 2023 05:22am

Overseas Pakistanis: Depreciation on used cell phones doubled

ISLAMABAD: The depreciation on the used/ refurbished mobile phones brought into Pakistan by the overseas Pakistanis...

Updated 18 Dec, 2023 09:20am

Business & Finance

Customs’ value on import of PVC stabilisers fixed

ISLAMABAD: The Directorate General of Customs Valuation Karachi has fixed US $1.70 per kg as new Customs value on ...

Published 07 Dec, 2023 04:35am

Business & Finance

Import from China: Customs’ values on fleece fabrics fixed

ISLAMABAD: Directorate General of Customs Valuation Karachi has fixed new Customs values on the import of six...

Published 25 Nov, 2023 05:19am

Imports from China, South Korea: Customs’ values on woven, non-woven material enhanced

ISLAMABAD: The Directorate General of Customs Valuation Karachi has issued increased customs values on the import of...

Updated 08 Oct, 2023 07:04pm

Markets

Businesses laud Pakistan govt’s measures against ‘misuse of Afghan Transit Trade’

Business bodies including the Pakistan Business Council (PBC) and the All Pakistan Textile Mills Limited (APTMA)...

Updated 04 Oct, 2023 10:46pm

Business & Finance

Insurance industry paid Rs34.3bn against taxes, duties in 2022

ISLAMABAD: The insurance industry has paid taxes/duties of Rs34.3 billion to the exchequer during 2022 including...

Updated 03 Oct, 2023 08:43am

Track-and-trace system loses its own track

Editorials

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Petrol/Litre / Dec 21	252.10
Karachi Cotton PKR/37.32 KG / Dec 21	17,585

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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