Trends - income tax - Business Recorder

income tax

Tax amendment bill

The Finance Minister has introduced a very important and pertinent tax amendment bill in the National Assembly. This...

Published 20 Dec, 2024 02:43am

Taxmen likely to seal unregistered people’s co’s premises

ISLAMABAD: The Federal Board of Revenue (FBR) will empower Inland Revenue officials to seal unregistered people’s...

Updated 19 Dec, 2024 03:03pm

FBR will now share income tax returns data with banks

According to Tax Laws (Amendment) Bill 2024 introduced in NA, exchange of banking and tax information related to high-risk persons has been allowed between banks and FBR

Updated 19 Dec, 2024 11:49am

Business & Finance

What is Tax Laws (Amendment) Bill, 2024 introduced in National Assembly?

Finance Minister Muhammad Aurangzeb introduced the Tax Laws (Amendment) Bill, 2024 in the National Assembly (NA) on...

Published 18 Dec, 2024 09:06pm

Tax rates can be reduced if revenue generated effectively: FBR chief

LAHORE: Chairman Federal Board of Revenue (FBR) Rashid Mahmood Langrial has agreed with Lahore Chamber of Commerce...

Updated 18 Dec, 2024 03:43pm

1,064,639 business women are income tax return filers

ISLAMABAD: A total of 1,064,639 women engaged in businesses/women entrepreneurs in Pakistan are filers of income tax...

Updated 17 Dec, 2024 09:10am

Opinion

Pakistan’s economic outlook 2025: inflation, growth, & debt

Among macroeconomic indicators, primarily inflation has come down drastically over recent months, whereby consumer...

Updated 13 Dec, 2024 03:41pm

NFC award: govt official says IMF has attached no conditions

ISLAMABAD: The Senate Standing committee on Finance and Revenue, while observing increasing distortions in resources...

Updated 12 Dec, 2024 09:40am

34 banks declared withholding agents

ISLAMABAD: The Federal Board of Revenue (FBR) has declared 34 banks as withholding agents for the purpose of...

Updated 11 Dec, 2024 09:11am

Opinion

A culture of tax evasion

This is apropos a Business Recorder news item titled “Now revenue leakages come under govt focus” carried by the...

Published 10 Dec, 2024 07:01am

Opinion

Poor FBR performance

The monthly Economic Update and Outlook was uploaded on the Finance Division website on 28 November 2024 with the ...

Updated 09 Dec, 2024 08:11am

Editorials

Elite capture

EDITORIAL: In economic terms an elite is defined as external rent seekers comprising of an entity or a group who...

Updated 09 Dec, 2024 08:08am

Now revenue leakages come under govt focus

Finance Minister Muhammad Aurangzeb says government is taking all necessary steps to digitalise revenue structure

Updated 09 Dec, 2024 02:49pm

Editorials

ADR tax: SBP steps in, FBR must step out

EDITORIAL: Due to the imposition of the Advance to Deposits Ratio (ADR) tax by the federal government, banks have...

Updated 02 Dec, 2024 07:18am

Prosecution of non-filers: Tax expert supports upcoming tax law

ISLAMABAD: Leading tax experts and chartered accountants have strongly supported the upcoming Tax Laws (First)...

Updated 25 Nov, 2024 02:45pm

Un-registered rich people: FBR finalises plan to take action

ISLAMABAD: Following directive of Prime Minister Shehbaz Sharif, the Federal Board of Revenue (FBR) has finalised an...

Updated 21 Nov, 2024 02:37pm

Salaried class: Govt explains how tax burden can be lessened

Will reduce tax burden on salaried class and withdraw tax on milk if FBR is able to recover Rs 300 billion to Rs 350 billion of tax evasion from non-duty paid and smuggled cigarettes

Updated 15 Nov, 2024 02:55pm

Mini-budget: Minister says ‘it will be premature to comment’

ISLAMABAD: Minister of State for Revenue Ali Pervez Malik said Thursday that it would be premature to comment...

Updated 15 Nov, 2024 02:54pm

WHT’s share in collection of direct taxes stands at 60pc

ISLAMABAD: The Federal Board of Revenue (FBR) has claimed that the share of withholding taxes stood at 60 percent in...

Updated 11 Nov, 2024 08:56am

BR Research

EFF progress review: don’t let them off the hook!

As the political government gears up to revert the economy back onto a growth path, the IMF mission is set to arrive...

Published 08 Nov, 2024 09:00am

Tax collection decreases 21.5pc in 2023-24

ISLAMABAD: The income tax collection from efforts of the tax officials of the Federal Board of Revenue (FBR) has...

Updated 08 Nov, 2024 09:36am

Editorials

Tajir Dost Scheme has trouble making dost

EDITORIAL: A Business Recorder exclusive report has revealed that the traders have completely prevailed in their...

Published 08 Nov, 2024 06:41am

FBR acquiesces to changes in ‘Tajir Dost Scheme’

ISLAMABAD: The Federal Board of Revenue (FBR) has agreed in principle major changes in the “Tajir Dost Scheme” for...

Updated 06 Nov, 2024 08:26am

Registered persons’ data, profiles: Taxmen granted real-time access for assessment

ISLAMABAD: The Federal Board of Revenue (FBR) has granted tax officers real-time/in-depth access to registered...

Updated 01 Nov, 2024 09:23am

Rs91bn short of target: Q1 tax collection stands at Rs2.563trn

ISLAMABAD: Following change in macroeconomic figures, the Federal Board of Revenue (FBR) has faced a shortfall of...

Updated 31 Oct, 2024 03:05pm

Corporate sector: Only 5,000 big cos are practically compliant taxpayers

ISLAMABAD: Only 5,000 big companies are practically compliant taxpayers within the corporate sector and paying 90...

Updated 28 Oct, 2024 02:43pm

Markets

PM Shehbaz urges FBR to use technology to improve revenue collection

Premier seeks roadmap for reconstruction of Pakistan Revenue Automation Limited

Updated 24 Oct, 2024 11:47pm

Business & Finance

LCCI holds awareness session on income tax return filing

LAHORE: The Lahore Chamber of Commerce & Industry (LCCI) has organised an awareness session on the filing of...

Published 23 Oct, 2024 08:07am

IMF briefed about array of reforms

WASHINGTON: Pakistani delegation comprising Secretary Finance Imdad Ullah Bosal and Governor State Bank of Pakistan...

Updated 23 Oct, 2024 09:25am

Business & Finance

FBR lists cases pending implementation of FTO rulings

ISLAMABAD: The Federal Board of Revenue (FBR) has compiled a list of important cases where decisions of the Federal...

Updated 22 Oct, 2024 08:50am

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 23	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

income tax

Most Popular