Trends - Finance Bill - Business Recorder

Finance Bill

NA panel approves amendment: Money Bill will be referred to finance panel before its passage

ISLAMABAD: The National Assembly Standing Committee on Rules of Procedure and Privileges, unanimously, approved the...

Updated 28 Sep, 2024 09:20am

In case tax collection shortfall continues: FBR suggests 1pc hike in WHT rates

ISLAMABAD: The Federal Board of Revenue (FBR) has proposed one percent increase in all withholding taxes rates from...

Updated 03 Sep, 2024 09:18am

Editorials

Senate panel’s skepticism

EDITORIAL: The Senate Functional Committee on Devolution presided over by Dr Zarqa Suharwardy Taimur expressed...

Updated 12 Aug, 2024 07:23am

Pakistan

Tessori approves Finance Bill

KARACHI: Governor Sindh Kamran Khan Tessori has given assent to the Finance Bill 2024-25 for next financial year’s...

Published 01 Jul, 2024 07:01am

Pakistan

President gives his assent to Finance Bill 2024

ISLAMABAD: President Asif Ali Zardari has accorded his approval to Finance Bill 2024 on the advice of the Prime...

Published 01 Jul, 2024 07:01am

Business & Finance

Sindh PA passes finance bill amid opposition uproar

KARACHI: The Sindh Assembly on Friday adopted the Finance Bill 2024 to add new taxes, as treasury overwhelmingly...

Published 29 Jun, 2024 06:40am

NA may approve budget today

ISLAMABAD: The National Assembly Friday (June 28) is likely to approve Budget-2024-25 including The Finance Bill,...

Updated 28 Jun, 2024 09:17am

Pakistan

MQM-P demands Sindh govt ‘discard’ proposed finance bill

KARACHI: The MQM asked the government to scrape its proposed finance bill, as the Sindh Assembly on Tuesday echoed...

Published 26 Jun, 2024 03:15am

Pakistan

Finance Bill: Senate sends 128 suggestions to NA

ISLAMABAD: The Senate has made 128 recommendations to the National Assembly for legal changes and amendments in the...

Published 25 Jun, 2024 06:42am

Editorials

Latest macroeconomic data

EDITORIAL: Three major macroeconomic indicators were released end last week that did little to enhance the ...

Published 25 Jun, 2024 06:42am

Proposed amendments in Finance Bill: Telecom operators seek SIFC’s intervention

ISLAMABAD: Telecom Operators Association has sought Special Investment Facilitation Council (SIFC) intervention for...

Updated 25 Jun, 2024 09:41am

Business & Finance

Budget, Finance Bill: Trade bodies discuss ‘glaring anomalies’

KARACHI: Atif Ikram Sheikh, President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Dr Gohar...

Published 22 Jun, 2024 06:47am

Business & Finance

Finance bill imposes additional financial burden on textile units: APTMA

ISLAMABAD: Textile industry has categorically conveyed to the Federal Board of Revenue (FBR) that the Finance Bill...

Published 21 Jun, 2024 06:37am

APTMA urges govt to revisit Finance Bill

ISLAMABAD: All Pakistan Textile Mills Association (APTMA) expressing serious concerns over the FY25 budget stated...

Updated 21 Jun, 2024 09:15am

Business & Finance

Finance Bill: New steps to trigger mass exodus of foreign investment: Telecom industry

ISLAMABAD: Telecom industry has warned the government that new measures proposed in the finance bill would trigger a...

Published 15 Jun, 2024 06:57am

Pakistan

PPP accuses PML-N of ignoring its inputs: Budget ‘anti-poor’: opposition

ISLAMABAD: Having been lashed out by the opposition forces over tending to formulate the anti-poor and excessively...

Published 13 Jun, 2024 06:22am

Govt proposes increase in PL rate

ISLAMABAD: The federal government has proposed an increase in petroleum levy to Rs 80 per litre on petrol and diesel...

Updated 13 Jun, 2024 09:47am

Finance Bill 2024: New ‘late filers’ category introduced

Category created to attract higher rate of tax for late filing of income tax return

Updated 13 Jun, 2024 03:48pm

Finance Bill 2024 laid in Senate

ISLAMABAD: Finance Minister Muhammad Aurangzeb, Wednesday, moved a copy of the Finance Bill 2024 in Senate, which...

Updated 13 Jun, 2024 09:37am

Business & Finance

Finance Bill 2024: major changes likely in IR Statutes

ISLAMABAD: The Finance Bill 2024 will issue major changes in Inland Revenue Statutes for Harmonization and...

Updated 06 Apr, 2024 08:47am

Income tax law: FBR proposes new definition of word ‘banking’

Proposed draft amendments in the Income Tax Ordinance, 2001 issued for simplification and harmonization through the next Finance Bill, 2024

Updated 14 Aug, 2023 05:32pm

Finance bill: Bureaucracy can devise ‘zero tax’ regime

Senate Standing Committee on Finance holds meeting under chairmanship of Senator Saleem Mandviwalla

Updated 21 Jul, 2023 09:48am

Editorials

IMF: We have to pay the price we deserve to pay

EDITORIAL: While specific details of precisely what are the prior conditions that the government has agreed to in ...

Updated 04 Jul, 2023 05:45am

Business & Finance

Comments on changes in Finance Bill 2023

General These notes provide comments on the changes proposed in the Finance Bill 2023 by the Finance Minister. This...

Published 27 Jun, 2023 06:15am

Business & Finance

Budget 2023-24: ‘high earners’ to pay a higher income tax as govt revises rates

Budget proposals originally maintained income tax rates before govt amended the Finance Bill

Updated 26 Jun, 2023 06:40pm

Amended finance bill sails through NA: Key steps taken to keep IMF in good humour

Revenue target of Federal Board of Revenue goes up from Rs9.2 trillion to Rs9.415 trillion

Updated 26 Jun, 2023 12:52pm

Massive changes introduced in Finance Bill

Govt withdraws certain exemptions, re-imposes/increases regulatory duties on imports of luxury items

Updated 25 Jun, 2023 05:02pm

Markets

Pakistan will look to impose Rs215bn additional taxes after IMF talks: Dar

Finance minister says 'we have ensured impact of these taxes will not be passed to downtrodden' in address to wind up Federal Budget 2023-24 debate in National Assembly

Updated 25 Jun, 2023 09:00pm

Business & Finance

Finance Bill: Some major anomalies will be removed, Dar tells FPCCI team

KARACHI: In a meeting with FPCCI, Federal Minister for Finance & Revenue Ishaq Dar has agreed in principle to...

Published 23 Jun, 2023 06:00am

Finance Bill: NA discusses Senate suggestions

ISLAMABAD: The recommendations made by the Senate on Finance Bill, 2023-24 were presented in the National Assembly...

Updated 22 Jun, 2023 08:52am

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
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

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 →

Budget 2024-25: income tax calculator for FY25

Finance Bill

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