Trends - Salaried class - Business Recorder

Salaried class

Taxing traders – same old story

EDITORIAL: The same old story plays out every time FBR (Federal Board of Revenue) gets serious about taxing traders....

Published 27 Aug, 2024 06:44am

FTO concerned about not allowing tax credit to salaried class

ISLAMABAD: Federal Tax Ombudsman (FTO) has expressed serious concern that the current withholding procedure of tax...

Updated 14 Aug, 2024 10:12am

Technology

IPO very much on the cards, says Jazz CEO Aamir Ibrahim

KARACHI: Jazz CEO Aamir Ibrahim has said going public is “very much on the cards” with further clarity emerging in...

Updated 02 Aug, 2024 04:53pm

Business & Finance

Macroeconomic stability now key govt objective

KARACHI: Federal Minister for Finance & Revenue Muhammad Aurangzeb has said that efforts were being made to...

Published 31 Jul, 2024 06:40am

Editorials

The fast-eroding trust of taxpayers

EDITORIAL: A multitude of tax revenue measures introduced in the FY25 budget are unraveling piece by piece. The...

Updated 29 Jul, 2024 07:06am

Business & Finance

Salaried class: Tax rate hikes could undermine govt revenue: PRIME Plus

ISLAMABAD: The increase in income tax rates for salaried class will incentivize non-compliance and undermine the...

Published 27 Jul, 2024 06:16am

Pakistan

PBC apologies for mistake, now says Pakistan’s salaried class paying up to 3 times more tax than in India

After posting a detailed chart showing how Pakistan’s salaried class is paying up to 9.4 times more tax than in...

Updated 26 Jul, 2024 05:10pm

Pakistan

Pakistan’s salaried group comes out on the streets, but after work hours

Such is Pakistan’s salaried group protesting power that it took to the streets in Karachi at 5:30pm – after work...

Published 24 Jul, 2024 12:44am

Opinion

Middle class on a spinning wheel

Benjamin Franklin’s famous quote, “In this world, nothing can be said to be certain except death and taxes,”...

Published 11 Jul, 2024 07:37am

Pakistan

Dr Gohar Ejaz urges govt to provide relief to salaried class

Former caretaker minister also advocates lowering key interest rate

Updated 05 Jul, 2024 04:45pm

Aurangzeb says empathises with salaried class

KARACHI: Finance Minister Muhammad Aurangzeb has said the government will provide relief to the salaried class at...

Updated 02 Jul, 2024 09:24am

Pakistan

We understand the pain, will provide relief to salaried class at first opportunity we get: Aurangzeb

Finance Minister Muhammad Aurangzeb has said that the government will provide relief to the salaried class at the...

Updated 01 Jul, 2024 07:03pm

Pakistan

Honoraria for NA, Senate staff but no change in tax rates for salaried group as Aurangzeb wraps up budget discussion

Finance minister Aurangzeb says reduced sales tax to continue to apply on Hybrid Electric Vehicles, stationary items to remain exempted

Updated 25 Jun, 2024 07:32pm

Senate panel rejects increased tax on salaried class

ISLAMABAD: The upper house of the parliament, Monday, adopted the report of its finance panel containing...

Updated 25 Jun, 2024 09:42am

Pakistan

Govt to see if it can ‘protect’ Pakistan’s salaried class further, says Aurangzeb

Finance minister says additional taxes could have been imposed, but salaried class was 'protected'

Updated 22 Jun, 2024 03:42pm

Govt assailed for further taxing the salaried class

Lawmakers say imposition of such heavy taxes may lead to an acceleration of brain drain from the country

Updated 22 Jun, 2024 02:10pm

Pakistan

Imposition of further taxes on salaried group to ‘accelerate brain drain’ in Pakistan: PBC

The Pakistan Business Council (PBC), the country’s largest corporate advocacy platform, has warned that the...

Updated 20 Jun, 2024 10:42pm

Salaried class: Higher income tax rate of up to 35pc imposed

New income tax slabs for salaried class to be applicable from tax year 2024 effective for salary payable on or after July 1 2024

Updated 17 Jun, 2024 02:33pm

Business & Finance

Analyst says salaried class overburdened

KARACHI: Ateequr Rehman, economic & financial analyst, said that the salaried class is overburdened with ...

Published 17 Jun, 2024 05:30am

Opinion

Taxing work and subsidising non-work

Turns out that there’s a Salaried Class Alliance (SCA), based in Karachi, which describes itself as a...

Updated 27 Jul, 2023 07:00am

Editorials

Tax proposals by the IMF

EDITORIAL: The $3 billion nine-month-long Stand-By Arrangement (SBA) approved by the International Monetary Fund...

Updated 25 Jul, 2023 06:49am

Salaried class launches drive against tax hike

ISLAMABAD: Salaried class has launched a campaign against the substantial increase in the incidence of tax on...

Updated 09 Jul, 2023 09:53pm

FBR issues increased income tax slabs for salaried class

ISLAMABAD: The new income tax slabs for the salaried class under the amended Finance Bill 2023 revealed that higher...

Updated 26 Jun, 2023 09:17am

Editorials

The challenge of rising inflation

EDITORIAL: Pakistan Bureau of Statistics (PBS) data on the July Consumer Price Index (CPI) of 24.9 percent...

Published 03 Aug, 2022 05:56am

Business & Finance

Salaried individuals: Expert urges govt to revisit hike in tax liabilities

KARACHI: Economic & financial analyst, Ateeq Ur Rehman has urged the government to revisit its decision about...

Published 28 Jun, 2022 06:10am

Stalled IMF programme: Revival ‘in a day or two’, insists Miftah

ISLAMABAD: Finance Minister Miftah Ismail said Monday that an agreement is likely to reach with the International...

Updated 21 Jun, 2022 09:56am

FBR chairman explains importance of increase in tax rates for salaried people

Says issue involved in the taxation of the salaried class is not revenue generation, but reform of the income tax slabs

Updated 19 Jun, 2022 07:58pm

Business & Finance

FBR reviewing tax relief of Rs47bn to salaried class

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Asim Ahmad said Tuesday that the FBR is reviewing the tax relief...

Updated 15 Jun, 2022 07:37pm

Pakistan

Budget 2022-23: here are revised tax rates and slabs for the salaried income group

Govt targets 'ultra' rich with new taxation slabs

Published 10 Jun, 2022 11:02pm

Salaried class: FTO tells FBR to bring down tax slabs, thresholds in FY23 budget

ISLAMABAD: The Federal Tax Ombudsman (FTO) has strongly recommended the Federal Board of Revenue (FBR) to bring down...

Updated 06 May, 2022 10:06am

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

Markets →

Budget 2024-25: income tax calculator for FY25

Salaried class

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