Trends - Finance Bill 2021 - Business Recorder

Finance Bill 2021

'Mini-budget': National Assembly passes Finance (Supplementary) Bill 2021

Finance minister Shaukat Tarin argues govt is looking to bring structural reforms

Updated 14 Jan, 2022 12:36am

Pakistan

SBP's independence in Pakistan's interest: Fawad

Information minister says financial stability is returning to the country

Updated 02 Jan, 2022 02:37pm

Pakistan

Meeting on tax laws: Absence of FBR chief irks Senate panel

ISLAMABAD: The Senate Standing Committee on Finance Wednesday expressed displeasure over the absence of the chairman...

Published 15 Jul, 2021 04:03am

Business

FBR withdraws provision of Common Identifier Number

ISLAMABAD: The Federal Board of Revenue (FBR) has withdrawn the provision of Common Identifier Number through an...

Published 01 Jul, 2021 04:09am

Business & Finance

Willful defaults: Amended Finance Bill specifies tax arrest body

ISLAMABAD: A committee comprising the finance minister, the chairman Federal Board of Revenue (FBR) and the FBR's...

Published 30 Jun, 2021 03:54am

Over Rs100bn taxes withdrawn

ISLAMABAD: The government has withdrawn taxes of over and above Rs100 billion following withdrawal of the proposed...

Published 30 Jun, 2021 03:54am

Over Rs25m tax liability: Action would be considered: Tarin

ISLAMABAD: Finance Minister Shaukat Tarin on Tuesday said the government would go after the wilful tax defaulters as...

Published 30 Jun, 2021 03:54am

Minimum turnover tax: SMEs excluded from purview

ISLAMABAD: The government has excluded small and medium enterprises (SMEs) from the purview of minimum turnover tax...

Published 30 Jun, 2021 03:54am

Pakistan

National Assembly approves amended Finance Bill 2021

Finance Minister Shaukat Tarin says focus remains on agriculture sector
Roadmap made to lift 4 million households out of poverty, adds Tarin

Published 29 Jun, 2021 07:55pm

Business & Finance

Telecom industry: Mobile operators collectively raise voice against tax proposals

ISLAMABAD: All telecom operators have collectively cautioned Finance Minister Shaukat Tarin that the implementation...

Published 29 Jun, 2021 03:24am

'Amended' Finance Bill 2021 may be laid in NA today

ISLAMABAD: The amended Finance Bill 2021 is expected to be tabled in the National Assembly today (Monday), with...

Updated 28 Jun, 2021 09:23am

FBR finalises amendments

ISLAMABAD: The Federal Board of Revenue (FBR) finalised amendments in the Finance Bill 2021 late Friday night. It is...

Published 26 Jun, 2021 03:24am

Pakistan

Salaried employees: Income tax exemption being restored on medical reimbursement

ISLAMABAD: The government has decided to restore income tax exemption on the medical allowances/reimbursement...

Updated 25 Jun, 2021 12:23pm

Tarin explains IMF challenge

Finance minister says Pakistan presented alternate plan and Fund accepted that it possessed weightage
Adds powers to arrest willful tax defaulters would rest with him and FBR chairman

Updated 25 Jun, 2021 12:34pm

Business & Finance

Finance Bill 2021: Senate adopts nearly 300 recommendations

ISLAMABAD: Senate Thursday adopted its nearly 300 recommendations including those related to Finance Bill 2021 as...

Published 25 Jun, 2021 04:20am

Business & Finance

LCCI holds post budget convention: Chambers call for withdrawal of anti-business budget clauses

LAHORE: As many as 25 chambers of commerce and industry, at a two-day Post Budget Convention under the umbrella of...

Published 25 Jun, 2021 04:20am

Pakistan

Incorporating in Finance Bill: NA body to suggest recommendations to Tarin

ISLAMABAD: The National Assembly Standing Committee on Finance and Revenue has begun – for the first time – ...

Published 23 Jun, 2021 04:26am

Opinion

Towards an end to tax harassment

On the basis of my thirty years of tax practice I can assure you that the abuse of the under-mentioned three lines...

Published 22 Jun, 2021 04:46am

Amendment to Finance Bill 2021: FBR explains minimum tax rates, right of appeal

ISLAMABAD: The Federal Board of Revenue (FBR) Sunday clarified that the table prescribing tax rates for minimum tax...

Updated 21 Jun, 2021 09:49am

Tax exemptions: Senate panel asks FBR to give details of entities

ISLAMABAD: The Senate Standing Committee on Finance has sought from the Federal Board of Revenue (FBR) complete...

Published 20 Jun, 2021 03:39am

Senate body rejects tax exemption to political parties

ISLAMABAD: The Senate Standing Committee on Finance on Friday rejected proposed tax exemption to the political...

Published 19 Jun, 2021 03:23am

Concealment of income tax: IR officers’ powers to arrest any person withdrawn

ISLAMABAD: The government has taken the final decision to delete all income tax provisions from the Finance Bill,...

Published 19 Jun, 2021 03:23am

Opinion

Salaried class and tax brutality

The proposed taxation of salary income on gross basis, for the first time in Subcontinent since the introduction of...

Published 18 Jun, 2021 04:16am

Business & Finance

Appeal against assessment: Taxpayers shocked over ‘harsh’ tax amendment proposal

ISLAMABAD: Taxpayers are shocked over a harsh and unjustified income tax amendment to the Finance Bill 2021, under...

Published 18 Jun, 2021 04:16am

Opinion

Budget: Out-of-the-box actions

In the following paragraphs I will only discuss three major proposals in the proposed Finance Bill, 2021, two of...

Published 17 Jun, 2021 03:27am

Pakistan

Selling smuggled goods: Retailers will be penalised, imprisoned

ISLAMABAD: The retailers engaged in the selling of smuggled goods would be heavily penalised and imprisoned under ...

Published 16 Jun, 2021 03:40am

Arrest for concealment of income: Senate panel turns down proposed changes in tax law

ISLAMABAD: The Senate Standing Committee on Finance has unanimously turned down the proposed changes in the income...

Published 16 Jun, 2021 03:39am

Charges of concealment of income: IR officers empowered to arrest any person

ISLAMABAD: The Inland Revenue officers have been empowered to arrest any person on the charges of concealment of...

Published 15 Jun, 2021 03:30am

Business & Finance

Punjab cabinet approves budgetary proposals for FY2021-22

LAHORE: The Punjab cabinet, which met here on Monday with Chief Minister Sardar Usman Buzdar in the chair, accorded...

Published 15 Jun, 2021 03:30am

ACD cut on goods falling under 2,436 tariff lines: RD on 80 non-essential, luxury items increased

ISLAMABAD: The Federal Board of Revenue (FBR) has increased the regulatory duties on the import of 80...

Published 12 Jun, 2021 05:04am

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 Bill 2021

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