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global tax

Tackling inequality

EDITORIAL: In a perfect reflection of the way global income and wealth disparities have grown exponentially in our...

Published 02 Aug, 2024 05:55am

Opinion

OECD, Pakistan & tax evasion

The Organisation for Economic Co-operation and Development (OECD), an international organization dedicated to...

Updated 26 Jul, 2024 08:22am

Business & Finance

Failure to tax world’s richest means global tax needed

PARIS: The failure of rich countries to tax the world’s billionaires has made it necessary to introduce a global...

Updated 27 Jun, 2024 08:50am

World

US negotiating R&D tax credit as part of global tax deal: Yellen

WASHINGTON: Treasury Secretary Janet Yellen said on Tuesday that the United States is in talks with other countries...

Published 01 May, 2024 04:14am

World

Australia upbeat on global tax talks at G20 in India

SYDNEY: Australian Treasurer Jim Chalmers expressed optimism on Saturday about progress on a long-awaited overhaul...

Published 15 Jul, 2023 10:52am

World

France, Germany to sidestep Hungary on global tax

PRAGUE: Germany, France and three other top European economies said Friday they would implement an international...

Published 09 Sep, 2022 06:20pm

World

Hungary parliament panel reiterates opposition to global minimum tax

BUDAPEST: Hungary’s parliamentary economic affairs panel on Monday reiterated the ruling Fidesz party’s opposition...

Published 11 Jul, 2022 06:17pm

World

Poland blocks EU compromise on global minimum corporate tax deal

PARIS: Poland on Tuesday blocked a French-proposed compromise on how to implement a minimum corporate tax across the...

Published 05 Apr, 2022 05:28pm

Opinion

Global tax deal leaves billion-dollar loopholes

Leaders of the world’s largest economies hailed a recent agreement to overhaul global corporate tax rules as key...

Published 04 Dec, 2021 04:23am

World

G20 leaders approve global tax reform deal

Some 136 countries representing more than 90 percent of global GDP have signed a OECD-brokered deal to more fairly tax multinational companies and enact a minimum tax on global corporations of 15 percent

Published 30 Oct, 2021 09:50pm

Opinion

Pandora's box

The Greek myth of Pandora's box seems to have come true with a vengeance by the revelations gleaned by the...

Published 05 Oct, 2021 04:34am

Business & Finance

Nobel laureate Stiglitz says global tax plan should aim higher

CERNOBBIO, (Italy): Nobel economics prize laureate Joseph Stiglitz praised international backing for a global tax on...

Published 07 Sep, 2021 06:25am

G20 endorses historic global tax reform

VENICE: G20 finance ministers on Saturday gave their backing to a historic deal to overhaul the way multinational...

Published 11 Jul, 2021 05:54am

Opinion

Bargaining over global tax enters key stage

Nearly 140 countries will haggle over key details of a global corporate tax plan this week, with some concerned ...

Published 28 Jun, 2021 04:38am

World

Indonesia, South Africa, Mexico back G7 global tax reform proposal

G7 finance ministers agreed on Saturday on a system to make multinational companies pay more tax in countries where they operate, alongside a minimum global corporate tax rate of at least 15%.

Published 10 Jun, 2021 06:49pm

Business & Finance

Global tax still far from becoming reality

The country has a 25 percent corporate tax rate which drops to 15 percent for high-tech companies.

Published 09 Jun, 2021 11:36am

World

EXCLUSIVE G7 to back minimum global corporate tax and support economy - draft

"We commit to not withdrawing policy support too soon and investing to promote growth, create high-quality jobs and address climate change and inequalities," the draft communique, seen by Reuters, said.

Published 31 May, 2021 10:17pm

World

US drops demand for 'safe harbor' regime in global tax talks

Secretary Yellen announced that we will engage robustly to address both Pillars of the OECD project, and that that the United States is no longer advocating for "safe harbor" implementation of Pillar 1.

Published 26 Feb, 2021 09:19pm

World

France hails US shift on tech tax

French Finance Minister hailed Yellen's comments as marking "a real change in position on the taxation of digital giants."

Published 20 Jan, 2021 05:39pm

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

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