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Supertax

Well-organised documented sectors: PBC urges FBR to rationalise ‘super tax’

ISLAMABAD: Pakistan Business Council (PBC) has proposed the Federal Board of Revenue (FBR) to rationalise ‘super...

Published 03 May, 2024 06:29am

Markets

Budget proposals: PBC calls for mining FBR data to identify new taxpayers

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

Updated 02 May, 2024 10:41pm

Supertax on rich: SC concerned at ‘no final decision’ by high courts

ISLAMABAD: The Supreme Court expressed concern over no final decision by high courts on supertax on high-earning...

Updated 24 Apr, 2024 09:24am

Business & Finance

Super tax: SC to resume hearing on Tuesday

ISLAMABAD: The Supreme Court will resume hearing the case regarding super tax on high earning persons imposed vide...

Published 21 Apr, 2024 04:10am

Dividends payable to US firm: SC helps settle row over rebate against supertax

ISLAMABAD: The Supreme Court of Pakistan has settled the controversy regarding the rebate available against supertax...

Updated 10 Apr, 2024 09:49am

Opinion

Is Super Tax payable on dividend?

Introduction, 1- This note has been prepared to dispel the incorrect perception that Super Tax under Section (4C) of...

Updated 03 Jan, 2024 06:07am

Markets

Super tax: IHC says section 4C ‘as it stands now’ ultra-vires constitution

The Islamabad High Court (IHC) on Thursday approved the petitions filed by various companies and organisations and...

Updated 20 Jul, 2023 09:01pm

Opinion

Super tax and tax on bonus: misinterpretation of basic accounting–II

Now, if the rationale, intention and equitability have to prevail, the following will be the answer: the tax super...

Updated 06 Jul, 2023 06:24am

Local, foreign assets: Rs9bn CVT collected so far

ISLAMABAD: The government has so far collected Rs9 billion on account of capital value tax (CVT) on local and...

Updated 20 May, 2023 12:30pm

Markets

KSE-100 companies post 22% higher profit in FY22, but index struggles

Dividend payout down 3% YoY to Rs392 billion in FY22, says Topline report

Updated 24 Sep, 2022 09:36pm

Opinion

Super tax on banking industry – is it wise?

Demanding higher returns on government treasury bills is nothing unusual. It is the right of the banks (and in fact...

Published 18 Aug, 2022 05:27am

Markets

Miftah directs immediate meeting to consider SOEs declaring 'healthy dividends'

PSX hosts meeting with finance minister, who sets up three committees to coordinate on issues including interest rates, taxation, review of listings of DFIs among others

Updated 10 Aug, 2022 09:41am

Business & Finance

Super Tax: FMPAC rejects Sindh agri chamber’s claim

KARACHI: The Fertilizer Manufacturers of Pakistan Advisory Council (FMPAC) on Friday dismissed the assertion of ...

Published 16 Jul, 2022 04:20am

Business & Finance

Imposition of supertax: Prgmea conveys its reservations to Miftah

ISLAMABAD: Pakistan Readymade Garments Manufacturers and Exporters Association (Prgmea) on Thursday conveyed its...

Published 15 Jul, 2022 06:20am

Pakistan

Speculators driving dollar value upwards: Shaukat Tarin

Former finance minister says currency, based on REER, should not be over Rs185 per dollar
Criticises govt for not securing fuel shipments and resorting to load-shedding

Updated 07 Jul, 2022 08:30pm

Business & Finance

Value-added textile associations reject supertax

KARACHI: Scores of value-added textile associations Wednesday termed the 10 percent supertax “harsh and...

Published 07 Jul, 2022 05:35am

Business & Finance

Withdrawal of 10pc supertax on 13 sectors demanded

KARACHI: Patron-in-Chief of Korangi Association of Trade and Industry (KATI) SM Muneer and President Salman Aslam...

Published 06 Jul, 2022 07:11am

Opinion

Exorbitant tax on formal sector to make the nation poorer

The annual ritual of budget presentation was completed on June 29 with the passage of the Finance Act 2022 by the...

Published 05 Jul, 2022 05:19am

Opinion

Imposition of supertax

Finance Minister Miftah Ismail has repeatedly said that the government has imposed supertax even on the factories...

Published 04 Jul, 2022 06:17am

15 sectors: 10pc supertax imposed on income exceeding Rs300m

ISLAMABAD: The amended Finance Bill 2022 has imposed a 10 percent supertax for the Tax Year 2022 on persons...

Updated 30 Jun, 2022 10:44am

Pakistan

Finance Bill 2022: amendment to increase petroleum levy adopted

National Assembly also green lights super tax, rescinds relief granted to salaried class

Updated 29 Jun, 2022 06:28pm

Opinion

Budget 2022-23 – Amended

In our previous article (BR: 13- 6-2022) we had examined Budget 2022-23 from the point of view of the IMF...

Published 29 Jun, 2022 05:44am

Business & Finance

Amendments to Finance Bill to be approved today

ISLAMABAD: The National Assembly Wednesday (June 29) would approve the Finance Bill, 2022, with significant numbers...

Updated 29 Jun, 2022 10:32am

Editorials

‘Very tough’ IMF conditionalities

EDITORIAL: Prime Minister Shehbaz Sharif while laying the onus of an impending bankruptcy on the policies of the PTI...

Published 29 Jun, 2022 05:44am

Business & Finance

‘Govt should not impose supertax on existing taxpayers’

LAHORE: “Though the country is passing through a critical time but the government will have to act wisely and...

Published 28 Jun, 2022 06:10am

Business & Finance

Supertax: HCCI criticises govt’s decision

HYDERABAD: President Hyderabad Chamber of Commerce and Industry Adeel Siddiqui has strongly reacted to federal...

Published 28 Jun, 2022 06:10am

Supertax: Miftah asks ‘why so much consternation?’

ISLAMABAD: Finance Minister Miftah Ismail has said that the government has imposed supertax on the factories owned...

Updated 27 Jun, 2022 10:09am

Business & Finance

Supertax timing nullified benefit of Chinese loan: PIAF

LAHORE: The Pakistan Industrial and Traders Associations Front (PIAF) newly-elected Chairman Faheem Ur Rehman Saigol...

Published 27 Jun, 2022 06:06am

Editorials

Rewriting the finance bill 2022

EDITORIAL: Never before has a finance bill after its presentation in parliament been revised, nay re-written, and...

Updated 27 Jun, 2022 06:30am

Business & Finance

Economy ruined for an IMF instalment of only $900m: HCSTSI

HYDERABAD: President of the Hyderabad Chamber of Small Traders and Small Industry (HCSTSI) Mohammad Altaf Memon has...

Published 26 Jun, 2022 06:40am

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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