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KTBA

KTBA elects new office-bearers

KARACHI: The Karachi Tax Bar Association (KTBA) has elected new office-bearers and executive committee members for...

Published 12 Dec, 2024 06:01am

Business & Finance

Reintroduction of sales tax on advances: KTBA seeks guidelines on advance invoices’ declaration

KARACHI: Taxpayers in Karachi are grappling with significant challenges in paying sales tax and claiming ...

Published 31 Aug, 2024 06:55am

Business & Finance

Sales Tax Rules, 2006: KTBA seeks inclusion of pharma sector under Rule 18A

KARACHI: The Karachi Tax Bar Association (KTBA) has formally requested the inclusion of the pharmaceutical sector...

Published 30 Aug, 2024 06:08am

Business & Finance

Tax collection under Finance Act 2024: KTBA urges FBR to clarify new amendments

KARACHI: The Karachi Tax Bar Association (KTBA) has called on the Federal Board of Revenue (FBR) to clarify the...

Updated 20 Aug, 2024 08:49am

Mobile SIM blocking: KTBA urges FBR to update list on weekly basis

KARACHI: The Karachi Tax Bar Association (KTBA) has requested the Federal Board of Revenue (FBR) to update the SIM...

Updated 09 Aug, 2024 09:17am

Business & Finance

KTBA assails FY25 federal budget

KARACHI: The federal budget 2024-25 came under heavy criticism at a seminar hosted by the Karachi Tax Bar ...

Published 16 Jun, 2024 02:40am

Business & Finance

Glitch in IRIS portal: Taxpayers unable to submit applications

KARACHI: A glitch in the IRIS portal has made it impossible for the registered taxpayers to submit applications to...

Published 11 Jun, 2024 03:17am

Business & Finance

Tajir Dost Scheme: Major challenges in successful implementation highlighted

KARACHI: Lack of comprehensive consultation, technological and digital literacy gaps, difficulty in determining the...

Published 19 Apr, 2024 05:07am

Returns filed on Jan 01: KTBA urges FBR to include corporate taxpayers in ATL 2024

KARACHI: The Karachi Tax Bar Association (KTBA) has requested the Federal Board of Revenue (FBR) to include...

Updated 02 Feb, 2024 09:44am

Business & Finance

FBR’s online portal: KTBA seeks availability of key tax compliance form

KARACHI: President of the Karachi Tax Bar Association (KTBA) Syed Zafar Ahmed has requested the Chairman, the ...

Published 06 Dec, 2023 04:27am

Nod from IR Commissioner not needed: Tax returns can be revised within 60 days: FBR

ISLAMABAD: The Federal Board of Revenue (FBR) has clarified that the FBR system is allowing taxpayers to revise...

Updated 08 Nov, 2023 10:04am

New circular of FBR raises eyebrows

KARACHI: Karachi Tax Bar Association (KTBA) has raised concerns about a new circular introduced by the Federal Board...

Updated 12 Oct, 2023 08:42am

Income Tax return filing deadline extended to Oct 31

ISLAMABAD: The Federal Board of Revenue (FBR) has extended the last date for filing of income tax returns up to...

Updated 01 Oct, 2023 04:21pm

IRIS system’s capacity enhanced: Up to 0.6m taxpayers to file tax returns on a daily basis

ISLAMABAD: The Federal Board of Revenue (FBR) has enhanced the capacity of the IRIS system enabling 0.5-0.6 million...

Updated 28 Sep, 2023 10:20am

Business & Finance

FBR urged to extend income tax return deadline

ISLAMABAD: Tax bar associations, chartered accountant firms, tax advisers and tax experts have approached the...

Updated 25 Sep, 2023 09:15am

Business & Finance

KTBA points out two more ‘glitches’ in FBR’s ‘IRIS 2.0’

KARACHI: Karachi Tax Bar Association (KTBA) has now highlighted two more glitches in an updated version of FBR’s...

Published 12 Sep, 2023 06:22am

Business & Finance

KTBA complains about ‘problematic’ IRIS portal

KARACHI: Taxpayers are still facing difficulties in complying with tax filing requirements due to persistent issues...

Updated 07 Sep, 2023 06:46am

Business & Finance

Glitches in IRIS 2.0: Timely filing of returns to be near impossible

KARACHI: The launch of FBR’s IRIS 2.0, has been plagued with so many problems that tax experts fear that timely...

Published 03 Sep, 2023 02:59am

Stay pleas sans recovery notice being rejected by ATIR: KTBA

KARACHI: Appeals Tribunal Inland Revenue (ATIR) has started refusing to admit stay applications without recovery...

Updated 16 Aug, 2023 10:44am

Income tax return form for TY23: KTBA urges FBR to remove technical glitches, irregularities

KARACHI: Karachi Tax Bar Association (KTBA) has requested the Federal Board of Revenue (FBR) to remove technical...

Updated 02 Aug, 2023 07:57am

KTBA says ‘IRIS’ has stopped incorporating credit notes

KARACHI: The FBR portal ‘IRIS’ has stopped incorporating credit notes during the process of filing of sales tax...

Updated 27 Jun, 2023 08:59am

Business & Finance

KTBA proposals highlight the issues facing taxpayers

KARACHI: The Karachi Tax Bar Association (KTBA) has recently submitted a series of proposals to the Federal Board of...

Published 06 Jun, 2023 05:33am

Registered sales, purchases: KTBA proposes reintroduction of tax credits

KARACHI: Karachi Tax Bar Association (KTBA) has proposed the Federal Board of Revenue (FBR) to re-introduce tax...

Updated 01 Jun, 2023 09:04am

Business & Finance

Appellate Tribunal Inland Revenue: KTBA concerned over non-appointment of chairman

KARACHI: The Karachi Tax Bar Association (KTBA) has expressed concerns over the non-appointment of a new chairman ...

Published 13 Apr, 2023 06:37am

Business & Finance

KTBA requests SRB to reverse ‘portal changes’

KARACHI: Karachi Tax Bar Association (KTBA) has requested the Sindh Revenue Board (SRB) to reverse the change made ...

Published 28 Mar, 2023 06:21am

Business & Finance

KTBA elects new governing body for 2023

KARACHI: New office-bearers and members of the executive committee of the Karachi Tax Bar Association (KTBA) have...

Published 17 Mar, 2023 06:15am

Business & Finance

Power bills: FBR collects double income tax in Karachi

KARACHI: Despite being victimized by dilapidated road infrastructure, high air pollution, gas shortage,...

Published 05 Jan, 2023 05:58am

KTBA not happy as FBR issues audit notices to taxpayers

KARACHI: Federal Board of Revenue (FBR) has started issuing audit notices under section 177 of the Income Tax...

Updated 02 Jan, 2023 08:44am

Business & Finance

KTBA concerned at tax recovery notices

KARACHI: Karachi Tax Bar Association (KTBA) has expressed concerns over tax recovery notices. In a letter sent to...

Published 28 Dec, 2022 04:12am

Business & Finance

Pharma supplies: KTBA urges FBR to revisit clarification about ‘further tax’

KARACHI: Karachi Tax Bar Association (KTBA) has urged the Federal Board of Revenue (FBR) to revisit its earlier...

Updated 09 Dec, 2022 09:25am

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

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