Trends - Finance Act 2024 - Business Recorder

Finance Act 2024

FED on allotment or transfer of commercial properties challenged

ISLAMABAD: The federal excise duty (FED), recently levied through the Finance Act, 2024, on transfer of plots and...

Updated 28 Sep, 2024 09:21am

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

Tax collection under Finance Act 2024: KTBA urges FBR to clarify new amendments

KARACHI: The Karachi Tax Bar Association (KTBA) has called on the Federal Board of Revenue (FBR) to clarify the...

Updated 20 Aug, 2024 08:49am

Imported goods specified in Third Schedule: FBR empowered to fix value of supply

ISLAMABAD: The Federal Board of Revenue (FBR) has been empowered to fix the value of supply in case of imported...

Updated 06 Aug, 2024 09:07am

Business & Finance

Petroleum products into sales Tax exemption: Change of status of zero-rating to benefit FBR worth Rs20bn

ISLAMABAD: The change of status of zero-rating of petroleum products into sales tax exemption would benefit Federal...

Published 31 Jul, 2024 06:40am

FBR tells banks: Only bad debts classified as loss are expense

ISLAMABAD: The Federal Board of revenue (FBR) has conveyed to banks that only bad debts classified as loss...

Updated 31 Jul, 2024 09:29am

Editorials

The fast-eroding trust of taxpayers

EDITORIAL: A multitude of tax revenue measures introduced in the FY25 budget are unraveling piece by piece. The...

Updated 29 Jul, 2024 07:06am

25pc tax slapped on imported mobile phones in CBU condition

Updated Sales Tax Act reveals 25 percent sales tax would be charged on the import of mobile phones or satellite phones on the basis of import value (exceeding USD 500) per set, or equivalent value in rupees in case of supply by the manufacturer

Updated 25 Jul, 2024 01:21pm

Business community urges PM to review ‘negative’ measures in Finance Act

ISLAMABAD: The business community of Lahore and Peshawar have approached Prime Minister Shehbaz Sharif against harsh...

Updated 21 Jul, 2024 10:07am

Business & Finance

Finance Act, 2024: FBR official explains changes made to Sales Tax

LAHORE: Raza Ashfaq, Commissioner, Inland Revenue and Member Sales Tax Appellate Tribunal Punjab, has explained...

Published 16 Jul, 2024 06:26am

Cement dealers go on countrywide strike against taxes

ISLAMABAD: Cement dealers in Pakistan begin their countrywide strike for an indefinite period against higher...

Updated 16 Jul, 2024 01:49pm

FBR fails to achieve Rs9.4trn collection target

ISLAMABAD: The Federal Board of Revenue (FBR) has collected Rs9.3 trillion during the whole fiscal year 2023-24,...

Updated 13 Jul, 2024 10:17pm

Tajir Dost Scheme: CC offers alternative plan to FBR

ISLAMABAD: As the Federal Board of Revenue (FBR) is ready to issue a notification to impose tax on shopkeepers/...

Updated 11 Jul, 2024 08:32am

Editorials

Rebellion by unregistered business entities

EDITORIAL: The stubborn resistance of the country’s unregistered sector to yet another attempt by the authorities...

Published 09 Jul, 2024 05:31am

Business & Finance

Finance Act 2024: FBR SROs to cause business closures: LCCI

LAHORE: The Lahore Chamber of Commerce and Industry has urged the government to address the concerns of business...

Published 06 Jul, 2024 06:48am

Business & Finance

Value-added textile exporters demand resumption of FTR

LAHORE: Expressing serious concerns over the Finance Act 2024, the value-added textile exporters have urged the...

Published 06 Jul, 2024 06:48am

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

Markets →

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Finance Act 2024

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