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Foreign assets

Foreign assets: Lahore ATIR issues order in favour of taxpayer

ISLAMABAD: The Appellate Tribunal Inland Revenue (ATIR) Lahore has declared that any undisclosed foreign asset or...

Updated 23 Aug, 2024 09:12am

Finance Bill 2024: Wealth Statement now in sharp focus

New bill proposes to extend the scope of best judgment assessment under section 121 of the Ordinance

Updated 21 Jun, 2024 04:00pm

World

Saudi central bank net foreign assets fall by almost $11bn in April

The Saudi central bank’s net foreign assets fell by $10.66 billion in April from the previous month, the central...

Published 30 May, 2024 08:33pm

Pakistan

PBC calls for the removal of 1% CVT on foreign assets

The Pakistan Business Council (PBC), the country’s largest corporate sector advocacy platform, has called for the...

Updated 17 May, 2024 05:55pm

Business & Finance

Declaration against foreign assets: ‘Taxpayers not filing CVT being held liable to default’

LAHORE: Tax authorities are holding taxpayers liable to default for not filing capital value tax (CVT) declaration...

Published 23 Sep, 2023 05:58am

Markets

OBS Group nearing deal for Bayer pharma assets in Pakistan for Rs7bn: report

OBS looking to purchase a manufacturing facility in Lahore and 12 pharmaceutical brands

Updated 05 Jul, 2023 03:39pm

Business & Finance

Resident individuals: FBR prescribes ‘foreign income and assets statement’

ISLAMABAD: The Federal Board of Revenue (FBR) has prescribed a “foreign income and assets statement” for ...

Published 21 Jun, 2023 05:21am

Local, foreign assets: Rs9bn CVT collected so far

ISLAMABAD: The government has so far collected Rs9 billion on account of capital value tax (CVT) on local and...

Updated 20 May, 2023 12:30pm

Over 200 super rich people in Karachi: Recovery proceedings initiated

ISLAMABAD: The government has initiated recovery proceedings against over 200 super-rich people of Karachi, who were...

Updated 18 Mar, 2023 02:08pm

Business & Finance

‘Breach of tax amnesty’ IHC issues notices to FBR, AGP

ISLAMABAD: The Islamabad High Court (IHC) issued notices to the Federal Board of Revenue (FBR) and the Attorney...

Published 26 Jan, 2023 07:04am

Business & Finance

SHC dismisses petitions challenging tax on foreign assets

ISLAMABAD: The Sindh High Court (SHC) has dismissed the petitions challenging the levy of tax on foreign assets of a...

Updated 01 Jan, 2023 10:09am

CVT on foreign assets, tax on ‘deemed income basis’: FBR decides to publish richest defaulters’ names

ISLAMABAD: The government is weighing in on ‘naming and shaming’ the richest of the country who default on Capital...

Updated 27 Dec, 2022 09:45am

Failure to deposit CVT on foreign assets: Taxpayers/resident individuals liable to pay 12pc per default surcharge

ISLAMABAD: The taxpayers/resident individuals who failed to deposit Capital Value Tax (CVT) on their foreign assets...

Updated 20 Dec, 2022 09:37am

Assets declared under two statutes not subject to CVT: expert

ISLAMABAD: Former chairman of the Federal Board of Revenue (FBR), Shabbar Zaidi Friday said that assets declared...

Updated 29 Oct, 2022 09:46am

CVT calculation: Value of foreign assets to be converted into PKR: FBR

ISLAMABAD: The value of foreign assets shall be converted into rupees for the calculation of the Capital Value Tax...

Updated 30 Sep, 2022 09:42am

Recovery of CVT on foreign assets: SHC asks tax authorities to comply with relevant laws

ISLAMABAD: The Sindh High Court (SHC) has asked tax authorities that before proceeding for the recovery of the...

Updated 16 Sep, 2022 09:51am

Opinion

Foreign assets declared under amnesty immune from CVT

Capital Value Tax (CVT) was levied by the federal government in 1989 on transactions relating to acquisition of...

Published 20 Jun, 2022 07:25am

Opinion

Note on Income Tax (Amendment) Ordinance, 2022

A F Ferguson & Co.Chartered Accountants INTRODUCTION The Federal Cabinet, on March 1, 2022 approved a ...

Published 07 Mar, 2022 06:07am

Opinion

Assets held abroad: Misinterpretation of law

There were the Panama Leaks in 2017 followed by the Paradise Leaks and Pandora Leaks. Now there is a Swiss Leak...

Updated 03 Mar, 2022 09:58am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 21	278.03
USD PKR Interbank Buying / Nov 21	277.78
USD to Japanese Yen / Nov 21	154.92
USD to Swiss Franc / Nov 21	0.88
Pound Sterling to USD / Nov 21	1.26
Euro to USD / Nov 21	1.05

Stock	Volume
S&P 500 / Nov 20	5,917.11
Nasdaq / Nov 20	18,966.14
Dow Jones / Nov 20	43,408.47
India Sensex / Nov 21	77,137.20
Tokyo Nikkei / Nov 21	38,026.17
Hang Seng / Nov 21	19,620.49
FTSE 100 / Nov 21	8,069.57
Germany DAX 30 / Nov 21	18,942.65

Item	Value
Petrol/Litre / Nov 21	248.38
Crude Oil USD/Barrel / Nov 21	69.38
Karachi Cotton PKR/37.32 KG / Nov 21	17,785
Gold 10 Grams PKR / Nov 21	238,340
Gold Spot USD/Ounce / Nov 21	2,662.71
Diesel/Litre / Nov 21	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▼ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▼ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▼ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▲ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▲ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▲ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Nov 21 K-Electric Limited(KEL)	174,389,145 ▲ 0.00
Hascol Petrol / Nov 21 Hascol Petroleum Limited(HASCOL)	63,973,243 ▲ 0.00
Kohinoor Spining / Nov 21 Kohinoor Spinning Mills Limited(KOSM)	62,996,737 ▲ 0.00
Aisha Steel Mill / Nov 21 Aisha Steel Mills Limited(ASL)	48,137,561 ▲ 0.00
Waves Home Appliances / Nov 21 Waves Home Appliances Limited(WAVESAPP)	43,506,391 ▲ 0.00
Lotte Chemical / Nov 21 Lotte Chemical Pakistan Limited(LOTCHEM)	40,852,960 ▲ 0.00
Telecard Limited / Nov 21 Telecard Limited(TELE)	36,937,252 ▲ 0.00
Cnergyico PK / Nov 21 Cnergyico PK Limited(CNERGY)	31,401,025 ▲ 0.00
WorldCall Telecom / Nov 21 Worldcall Telecom Limited(WTL)	31,346,592 ▲ 0.00

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