Trends - Finance Bill 2024 - Business Recorder

Finance Bill 2024

Tax burdens and fiscal discipline

After an inflation-ridden Fiscal Year 2023-24 (“FY24”), wherein the average inflation for the FY24 was 23.4%,...

Published 04 Sep, 2024 07:06am

Editorials

Traders’ opposition to Tajir Dost Scheme

EDITORIAL: Traders’ opposition to registration and payment of advance tax based on the location of their business,...

Published 30 Aug, 2024 06:52am

Over 58,000 traders registered against 3.2m target

Monthly tax payments from traders to start from this month

Updated 13 Aug, 2024 11:41am

Editorials

Govt required to take belt-tightening steps

EDITORIAL: The government is to begin a legislative process this month designed to initiate implementation of...

Updated 07 Aug, 2024 06:15am

Opinion

Thoughts on the provincial budgets

Khyber Pakhtunkhwa (KPK) budget was announced on 25 May, two and a half weeks before the federal budget was ...

Updated 15 Jul, 2024 08:14am

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

BR Research

Petroleum Levy: What is the plan?

Contrary to expectations, built no less by the government in the Budget, petroleum prices for the first fortnight of...

Published 02 Jul, 2024 08:06am

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

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

Petrol price hiked by Rs7.45, diesel’s by Rs9.56

ISLAMABAD: The federal government on Sunday announced a substantial raise in ex-depot rates of all petroleum ...

Published 01 Jul, 2024 07:01am

Business & Finance

AMENDMENTS ENACTED BY FINANCE ACT, 2024: VIS-À-VIS THOSE PROPOSED IN FINANCE BILL, 2024

The Federal Government presented Finance Bill, 2024 (‘FB’) in the National Assembly on June 12, 2024. After debate...

Published 01 Jul, 2024 07:01am

New taxation steps come into effect today

Government enforces new taxation measures of Rs1.761 trillion

Updated 01 Jul, 2024 09:23am

Editorials

New taxation steps create a kind of tunnel vision

EDITORIAL: The government is desperate to increase its tax revenues to meet the International Monetary Fund (IMF)...

Published 01 Jul, 2024 07:01am

Business & Finance

President Zardari gives assent to Finance Bill

The Finance Bill will take effect on July 1, 2024, according to a press release from the President's Secretariat

Updated 30 Jun, 2024 10:28pm

Tax rebate restored

ISLAMABAD: The amended Finance Bill 2024 has restored 25 percent tax rebate available to the full-time teachers or...

Updated 30 Jun, 2024 11:32am

Business & Finance

Transfer of appeals to ATIR: December 31, 2024 is the deadline

ISLAMABAD: The Federal Board of Revenue (FBR) has extended time period up to December 31, 2024 for transfer of the...

Published 30 Jun, 2024 02:58am

Petrol, HSD and HOBC: Govt amends raise in PL to Rs70 against Rs60 limit

ISLAMABAD: The federal government has amended the increase in petroleum levy to Rs70 per litre on petrol and...

Updated 29 Jun, 2024 03:00pm

Additional taxation steps taken thru amendments to Finance Bill

Surcharge shall be payable by every individual and association of persons at the rate of 10 percent of the income tax imposed under Division-I of Part-I of the First Schedule where the taxable income exceeds Rs10 million

Updated 29 Jun, 2024 07:43pm

Tax fraudsters to face jail

ISLAMABAD: Persons involved in tax frauds would face imprisonment up to five years (tax evaded amount less than Rs 1...

Updated 29 Jun, 2024 02:21pm

Business & Finance

FBR to set up ‘tax fraud probe wing’

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to establish a Tax Fraud Investigation Wing-Inland Revenue...

Published 29 Jun, 2024 06:40am

Budget approved by NA ahead of fresh IMF loan

The approved budget includes several amendments from the original proposal presented on June 12

Updated 29 Jun, 2024 02:13pm

New levy: Taxable profits of builders, developers fixed

ISLAMABAD: The Federal Board of Revenue (FBR) has fixed minimum profits of builders and developers for collecting a...

Updated 29 Jun, 2024 02:14pm

Pakistan

Govt passes tax-laden budget ahead of talks on fresh IMF loan

Some amendments part of the final budget

Updated 28 Jun, 2024 11:57pm

Pakistan

Governor gives assent to Punjab Finance Bill 2024

LAHORE: Punjab Governor, Sardar Saleem Haider Khan Thursday assents the Punjab Finance Bill 2024. After the approval...

Published 28 Jun, 2024 05:41am

Business & Finance

OICCI says has identified ‘critical anomalies’

KARACHI: In a letter to the FBR Anomaly Committee, the Overseas Investors Chamber of Commerce and Industry (OICCI)...

Updated 28 Jun, 2024 09:16am

Likely amendments in finance bill: Govt becomes flexible about non-filers

Proposed amendments relate to non-filers, wealth statement, foreign assets, and withholding tax-related provisions

Updated 28 Jun, 2024 09:54am

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

Business & Finance

IT industry: Higher taxation to give big boost to brain drain: FPCCI

KARACHI: Atif Iqbal Sheikh, President FPCCI, has raise concerns over the recently announced federal budget 2024–25...

Published 28 Jun, 2024 05:41am

FBR to impose sales tax on stationery items

ISLAMABAD: Despite announcement of withdrawal of sales tax on stationery items, the amended Finance Bill 2024 would...

Updated 27 Jun, 2024 11:32am

Business & Finance

Govt urged to reconsider 25pc SAP expense disallowance policy

ISLAMABAD: The proposal to disallow 25% Sales Promotion, Advertising and Publicity (SAP) expense under Finance Bill...

Published 25 Jun, 2024 06:42am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 3	277.92
USD PKR Interbank Buying / Dec 3	277.72
USD to Japanese Yen / Dec 3	150.01
USD to Swiss Franc / Dec 3	0.89
Pound Sterling to USD / Dec 3	1.27
Euro to USD / Dec 3	1.05

Stock	Volume
S&P 500 / Dec 2	6,047.15
Nasdaq / Dec 2	19,403.95
Dow Jones / Dec 2	44,782
India Sensex / Dec 3	80,853.10
Tokyo Nikkei / Dec 3	39,248.86
Hang Seng / Dec 3	19,694.44
FTSE 100 / Dec 3	8,345.09
Germany DAX 30 / Dec 3	20,011.64

Item	Value
Gold 10 Grams PKR / Dec 2	235,340
Petrol/Litre / Dec 3	252.10
Crude Oil USD/Barrel / Dec 3	68.37
Karachi Cotton PKR/37.32 KG / Dec 3	17,685
Gold Spot USD/Ounce / Dec 3	2,645.88
Diesel/Litre / Dec 3	258.43

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Dec 3 786 Investments Limited(786)	7.30 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Dec 3 Al-Abbas Sugar Mills Limited(AABS)	630 ▼ 0.00 (0.00%)
Agro Allianz / Dec 3 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Dec 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Dec 3 Ali Asghar Textile Mills Limited(AATM)	67.69 ▼ 0.00 (0.00%)
Allied Bank / Dec 3 Allied Bank Limited(ABL)	150 ▼ 0.00 (0.00%)
Abbott Lab. / Dec 3 Abbott Laboratories (Pakistan) Limited(ABOT)	1,118.68 ▼ 0.00 (0.00%)
Abson Ind. / Dec 3 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Dec 3 Alfalah Consumer Index ETF.(ACIETF)	13.14 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Dec 3 786 Investments Limited(786)	7.30 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Dec 3 Al-Abbas Sugar Mills Limited(AABS)	630 ▲ 0.00 (0.00%)
Agro Allianz / Dec 3 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Dec 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Dec 3 Ali Asghar Textile Mills Limited(AATM)	67.69 ▲ 0.00 (0.00%)
Allied Bank / Dec 3 Allied Bank Limited(ABL)	150 ▲ 0.00 (0.00%)
Abbott Lab. / Dec 3 Abbott Laboratories (Pakistan) Limited(ABOT)	1,118.68 ▲ 0.00 (0.00%)
Abson Ind. / Dec 3 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Dec 3 Alfalah Consumer Index ETF.(ACIETF)	13.14 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Dec 3 Worldcall Telecom Limited(WTL)	213,514,857 ▲ 0.00
Cnergyico PK / Dec 3 Cnergyico PK Limited(CNERGY)	196,907,321 ▲ 0.00
Fauji Foods Ltd / Dec 3 Fauji Foods Limited(FFL)	68,325,507 ▲ 0.00
K-Electric Ltd. / Dec 3 K-Electric Limited(KEL)	66,212,972 ▲ 0.00
Sui South Gas / Dec 3 Sui Southern Gas Company Limited(SSGC)	65,264,278 ▲ 0.00
B.O.Punjab / Dec 3 The Bank of Punjab(BOP)	61,288,845 ▲ 0.00
Hascol Petrol / Dec 3 Hascol Petroleum Limited(HASCOL)	49,268,731 ▲ 0.00
Pak Int.Bulk / Dec 3 Pakistan International Bulk Terminal(PIBTL)	46,902,495 ▲ 0.00
Fauji Cement / Dec 3 Fauji Cement Company Limited(FCCL)	31,910,059 ▲ 0.00

Markets →

Budget 2024-25: income tax calculator for FY25

Finance Bill 2024

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