Trends - RRMC - Business Recorder

RRMC

Standardising financial regimes: Aurangzeb highlights importance

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a meeting with a delegation of...

Updated 27 Nov, 2024 09:21am

FBR ‘revamp plan’: Will caretakers be able to deal with legislative issues?

ISLAMABAD: The proposed Customs Oversight Board and Inland Revenue Oversight Board each would comprise 10 members...

Updated 15 Jan, 2024 09:53am

Documentation of economy: Promulgation of crucial ordinance delayed

ISLAMABAD: The caretaker government has delayed the promulgation of an Ordinance for the integration of data of all...

Updated 07 Oct, 2023 05:40pm

Tax on immovable properties: FBR urged to give taxpayers online declaration option

ISLAMABAD: The Federal Board of Revenue (FBR) should introduce an option for the taxpayers in the online declaration...

Updated 24 Jul, 2023 09:29am

Cash withdrawal: Non-filers to pay 0.6pc advance tax

KARACHI: The federal government has proposed 0.6 percent advance tax on cash withdrawal for non-filers to bring more...

Published 10 Jun, 2023 04:37am

Business & Finance

RRMC chief advocates major surgery in taxation system

ISLAMABAD: State Minister and Chairman of Reforms and Resource Mobilisation Commission (RRMC), Ashfaq Tola, said...

Published 08 Jun, 2023 06:30am

Inter-company dividends: Govt may provide relief from multiple taxation

ISLAMABAD: The government is likely to provide relief from multiple taxes on inter-company dividends in the coming...

Updated 06 Jun, 2023 08:45am

Advance tax on cos’ reserves: RRMC’s proposal dropped on corporate sector’s deep concerns

ISLAMABAD: The government has dropped a major taxation proposal of imposing an advance tax on companies’ reserves...

Updated 04 Jun, 2023 12:43pm

Opinion

IMF, Constitution & tax codes

“The International Monetary Fund (IMF) on Monday urged Pakistan to follow the Constitution in order to resolve its...

Published 02 Jun, 2023 03:56am

Business & Finance

Failure to bring in forex proceeds within stipulated time: TMA rejects RRMC’s tax imposition proposal

KARACHI: Syed Usman Ali, Senior Vice Chairman of the Towel Manufacturers Association of Pakistan has expressed deep...

Published 02 Jun, 2023 03:56am

Tax suggested on exporters not bringing forex within specified period of time

ISLAMABAD: The Reforms & Revenue Mobilization Commission (RRMC) has recommended the Ministry of Finance to...

Updated 01 Jun, 2023 08:53am

Business & Finance

Textile exporters term RRMC’s report ‘anti-export’ drive

KARACHI: The value-added textile exporters have rejected the Reforms & Revenue Mobilization Commission’s...

Published 01 Jun, 2023 03:34am

Budget FY23-24: FBR working out new scheme aimed at retailers’ documentation

ISLAMABAD: The Federal Board of Revenue (FBR) is working out a new scheme for the documentation of small retailers...

Updated 01 Jun, 2023 08:54am

Markets

Market says likelihood of tax on companies’ reserves getting green signal ‘low’

Market experts on Wednesday said the likelihood of the government imposing a tax on undistributed profits – reserves...

Published 31 May, 2023 06:31pm

Filing of wealth statement: RRMC urges MoF to abolish requirement

ISLAMABAD: The Reforms and Revenue Mobilization Commission (RRMC) has recommended the Ministry of Finance to abolish...

Updated 31 May, 2023 09:01am

Levies under FTR on exports: Higher tax rate on dividend recommended

ISLAMABAD: The Reforms & Revenue Mobilization Commission (RRMC) has strongly recommended a higher rate of tax on...

Updated 31 May, 2023 08:55am

Business & Finance

Import shipments: RRMC underscores need for amendments in Customs laws

ISLAMABAD: The Reforms & Revenue Mobilization Commission (RRMC) has strongly recommended amendments in Customs...

Published 31 May, 2023 03:56am

Markets

Companies scramble for emergency meetings amid reports of proposal to tax reserves

Reports of the Reform and Revenue Mobilisation Commission’s (RRMC) proposal to tax accumulated reserves of companies...

Published 30 May, 2023 06:14pm

Benami assets: FBR may be empowered to invoke Sec 111 of IT Ord

ISLAMABAD: The government is likely to empower the Federal Board of Revenue (FBR) to invoke Section 111 (unexplained...

Updated 30 May, 2023 09:27am

Opinion

The slow poisoning of economy?

Some of the budget proposals circulating in the media — especially those recommended by the reforms and revenue...

Updated 29 May, 2023 12:15pm

Accumulated profits: Proposed advance tax may be challenged in courts

ISLAMABAD: The advance tax on companies’ accumulated profits proposed by the Reform and Revenue Mobilisation...

Updated 29 May, 2023 09:04am

Business bank account opening: RRMC for making NTN mandatory

ISLAMABAD: The Reforms & Revenue Mobilisation Commission (RRMC) has recommended that the National Tax Number...

Updated 28 May, 2023 10:00am

Income tax: Govt likely to introduce e-assessment scheme

ISLAMABAD: The government is likely to introduce an electronic-assessment scheme in the budget (2023-24) to conduct...

Updated 28 May, 2023 09:58am

Business & Finance

Goods/passenger transport vehicles: RRMC recommends one-time/ transactional advance tax

ISLAMABAD: The Reforms & Revenue Mobilization Commission (RRMC) has recommended a one-time/transactional advance...

Published 27 May, 2023 06:09am

RRMC advocates extending income tax exemption to REITs

ISLAMABAD: The Reforms & Revenue Mobilization Commission (RRMC) has recommended the government to extend the...

Updated 27 May, 2023 08:54am

FY24 budget: RRMC recommends cashless purchases at petrol pumps

ISLAMABAD: The Reforms & Revenue Mobilization Commission (RRMC) has recommended that petrol stations across the...

Updated 26 May, 2023 12:53pm

Tax base boost task: RRMC recommends deployment of at least 30pc of FBR workforce

Business & Finance

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 17	278.60
USD PKR Interbank Buying / Dec 17	278.60
USD to Japanese Yen / Dec 17	153.56
USD to Swiss Franc / Dec 17	0.89
Pound Sterling to USD / Dec 17	1.27
Euro to USD / Dec 17	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
India Sensex / Dec 17	80,684.45
Tokyo Nikkei / Dec 17	39,164.26
Nasdaq / Dec 17	20,109.06
Hang Seng / Dec 17	19,815.30
FTSE 100 / Dec 17	8,195.20
Dow Jones / Dec 17	43,449.90
Germany DAX 30 / Dec 17	20,246.37

Item	Value
Crude Oil USD/Barrel / Dec 17	70.11
Karachi Cotton PKR/37.32 KG / Dec 17	17,585
Gold 10 Grams PKR / Dec 17	241,860
Gold Spot USD/Ounce / Dec 17	2,644.07
Cotton US¢/pound / Dec 17	68.53
Petrol/Litre / Dec 18	252.10

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.61 ▲ 0.91 (15.96%)
Dadabhoy Cement / Dec 18 Dadabhoy Cement Industries Limited(DBCI)	8.08 ▲ 0.97 (13.64%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.50 ▲ 0.45 (11.11%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Shaheen Ins. / Dec 18 Shaheen Insurance Company Limited(SHNI)	6.70 ▲ 0.61 (10.02%)
Nimir Resins / Dec 18 Nimir Resins Limited(NRSL)	35.16 ▲ 3.20 (10.01%)
Data Agro / Dec 18 Data Agro Limited(DAAG)	139.24 ▲ 12.66 (10.00%)
Diamond Ind. / Dec 18 Diamond Industries Limited(DIIL)	20.90 ▲ 1.90 (10.00%)

Stock	Price
Equity Modaraba / Dec 18 First Equity Modaraba(FEM)	3.01 ▼ -0.43 (-12.50%)
Dewan Textile / Dec 18 Dewan Textile Mills Limited(DWTM)	5.67 ▼ -0.77 (-11.96%)
Blue-Ex Ltd / Dec 18 Blue-Ex Limited (GEM)(GEMBLUEX)	37.76 ▼ -4.20 (-10.01%)
Shadman Cotton / Dec 18 Shadman Cotton Mills Limited(SHCM)	26.80 ▼ -2.98 (-10.01%)
Din Tex. / Dec 18 Din Textile Mills Limited(DINT)	45.90 ▼ -5.10 (-10.00%)
Hussain Industries / Dec 18 Husein Industries Limited(HUSI)	20.26 ▼ -2.25 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Calcorp Ltd / Dec 18 Calcorp Limited(CASH)	26.22 ▼ -2.91 (-9.99%)
Sanghar Sugar / Dec 18 Sanghar Sugar Mills Limited(SANSM)	29.20 ▼ -3.15 (-9.74%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.09
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 0.29
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	58,285,174 ▼ -0.23
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	57,202,972 ▲ 0.20
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▲ 0.02
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 2.17
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▲ 0.26
Hub Power Co. / Dec 18 The Hub Power Company Limited(HUBC)	33,289,968 ▼ -1.33
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	31,365,092 ▼ -0.09

Markets →

Budget 2024-25: income tax calculator for FY25

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