Trends - Tax - Business Recorder

Tax

Health activists urge govt to tax ultra-processed products

ISLAMABAD: Health activists while urging the government to prioritise public health by taxing ultra-processed...

Published 22 Jan, 2025 06:06am

Business & Finance

PRA set to expand tax net

LAHORE: The Punjab Revenue Authority (PRA), with the assistance of the Punjab government, has announced a...

Published 15 Jan, 2025 02:59am

FY26 budget: Tax, non-tax revenue: 4 base categories identified

ISLAMABAD: The budget circular for fiscal year 2025-26 calls for a new set of information to identify and tag green/...

Updated 10 Jan, 2025 03:16pm

Business & Finance

Tax experts question new eligibility criteria for property transactions

LAHORE: The tax experts have questioned the new eligibility criteria introduced by the government for individuals ...

Published 05 Jan, 2025 02:45am

Various items from 7 countries: FBR announces tax concessions on imports

ISLAMABAD: The Federal Board of Revenue (FBR) has announced tariff concessions, from January 2025, on the import of...

Updated 01 Jan, 2025 03:02pm

Business & Finance

Tax violations: Crackdown against marriage halls launched

KARACHI: Regional Tax Office-I (RTO-I) has launched crackdown against marriage halls in Karachi for alleged tax...

Published 28 Dec, 2024 05:59am

Editorials

The case for dedicated tax benches

EDITORIAL: The Chief Justice of Pakistan’s proposal to establish dedicated benches for tax-related cases is a...

Updated 03 Dec, 2024 06:43am

Business & Finance

FBR collects Rs837bn tax in Nov

ISLAMABAD: The Federal Board of Revenue (FBR) has collected Rs 837 billion during November 2024 against the target ...

Published 30 Nov, 2024 06:26am

BR Research

It always begins with December

Window dressing of balance sheet items around the reporting period is probably one of the few universal practices in...

Published 29 Nov, 2024 08:54am

Property values in Karachi: New SRO retains rebate provision, FBR asked

ISLAMABAD: Legal experts and tax advisers have sought an urgent clarification from the Federal Board of Revenue...

Updated 10 Nov, 2024 09:45am

BR Research

MPC meeting: a bonanza is coming

A record month-on-month rise of over a trillion rupees in gross banking advances; nearing nine percent over Sep-24,...

Published 04 Nov, 2024 09:20am

FBR chalks out steps to reduce anticipated Q2 collection shortfall

ISLAMABAD: The Federal Board of Revenue (FBR) has chalked out short-term and long-term measures to reduce...

Updated 04 Nov, 2024 03:09pm

Business & Finance

Tax collection: PRA declares WH agents as collecting agents

LAHORE: The Punjab Revenue Authority (PRA) has issued a notification under the Punjab Sales Tax on Services Act,...

Published 20 Oct, 2024 05:51am

Editorials

Establishing fiscal discipline

EDITORIAL: In a landmark move, the federal and four provincial governments have agreed on a National Fiscal Pact...

Published 11 Oct, 2024 06:30am

Business & Finance

LCCI urges FBR to release tax refunds

LAHORE: The Lahore Chamber of Commerce & Industry on Saturday has urged the Federal Board of Revenue (FBR) to...

Published 06 Oct, 2024 02:44am

Opinion

Middle class— tax trapped

The middle class is commonly seen as the fundamental support system of society, exerting a pivotal influence on...

Updated 23 Sep, 2024 07:43am

BR Research

Autos: Win some, lose some

After monthly sales crossed 13,000 in Jun-24—highest sales in 17 months—automobile sales over the last two months...

Published 12 Sep, 2024 07:23am

Editorials

AGP report

EDITORIAL: Auditor General of Pakistan (AGP) pointed out that the Federal Board of Revenue (FBR) has wrongly...

Published 12 Sep, 2024 03:48am

Business & Finance

Tax collection from wholesale, retail sector big challenge: Mir

LAHORE: Chief Coordinator Tajir Dost Scheme Naeem Mir has stated that collecting tax from whole sale and retail...

Published 05 Sep, 2024 06:19am

BR Research

Inflation: Single-digit, finally

National headline inflation for August threw no surprise clocking in at 9.64 percent year-on-year – lowest since...

Published 03 Sep, 2024 07:07am

Markets

India collects $21bn in goods and services tax in August

NEW DELHI: India collected 1.75 trillion rupees ($20.87 billion) in goods and services tax (GST) in July, a rise of...

Published 01 Sep, 2024 08:14pm

Business & Finance

Manufacturers of PP woven sacks seek changes in tax law

ISLAMABAD: Pakistan Polypropylene Woven Sacks Manufacturers Association has proposed to Finance Minister Muhammad...

Published 01 Sep, 2024 02:46am

Opinion

The need for tax system reforms

Prime Minister Shehbaz Sharif has a strong connection with the business community, especially with the Lahore...

Published 25 Aug, 2024 03:05am

S&P downgrades Kenya credit rating citing tax hike U-turn

NAIROBI: The US ratings agency S&P has downgraded Kenya’s credit rating, citing President William Ruto’s...

Updated 25 Aug, 2024 09:56am

Opinion

The narrative must change

The Federal Board of Revenue’s (FBR’s) narrative, irrespective of the many chairmen it has been subjected to -...

Published 19 Aug, 2024 03:20am

Editorials

Tax evasion by provincial governments

EDITORIAL: It seems that the government machinery in Pakistan is operating in some alternate reality, where the...

Published 19 Aug, 2024 03:20am

Business & Finance

Italy doubles ‘flat tax’ for the rich who move fiscal residence to country

ROME: The Italian government approved a decree on Wednesday doubling to 200,000 euros ($218,220.00) per year a flat...

Published 08 Aug, 2024 06:22am

World

UK to reveal £20bn hole in public finances: reports

LONDON: Britain’s new Labour government will announce next week that the country’s public finances have an...

Published 28 Jul, 2024 06:49am

Editorials

Tax-to-GDP story

EDITORIAL: Once again the tax-to-GDP ratio for the last fiscal clocked in at nine percent and, typically, once again...

Updated 13 Jul, 2024 07:33am

World

Tax the super-rich, ex-leaders tell G20

BRASILIA: Former presidents and prime ministers have sent an open letter to current leaders of the world’s 20...

Published 12 Jul, 2024 05:48am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 22	278.92
USD PKR Interbank Buying / Jan 22	278.72
USD to Japanese Yen / Jan 22	155.66
USD to Swiss Franc / Jan 22	0.91
Pound Sterling to USD / Jan 22	1.23
Euro to USD / Jan 22	1.04

Stock	Volume
S&P 500 / Jan 21	6,049.24
Nasdaq / Jan 21	19,756.78
Dow Jones / Jan 21	44,025.81
India Sensex / Jan 22	76,197.90
Tokyo Nikkei / Jan 22	39,646.25
Hang Seng / Jan 22	19,778.77
FTSE 100 / Jan 22	8,579.82
Germany DAX 30 / Jan 22	21,258.81

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 21	18,485
Gold 10 Grams PKR / Jan 21	242,798
Crude Oil USD/Barrel / Jan 22	75.52
Gold Spot USD/Ounce / Jan 22	2,751.94
Cotton US¢/pound / Jan 22	67.34
Petrol/Litre / Jan 23	256.13

Gainers
Losers
Leaders

Stock	Price
Apna Microfin. / Jan 22 Apna Microfinance Bank Limited(AMBL)	10.49 ▲ 0.96 (10.07%)
Leather Up Ltd. / Jan 22 Leather Up Limited(LEUL)	27.57 ▲ 2.51 (10.02%)
Jah.Sidd. Co. / Jan 22 Jahangir Siddiqui & Co. Ltd.(JSCL)	24.29 ▲ 2.21 (10.01%)
Pak Elektron (Pref) / Jan 22 Pak Elektron Limited (Preference)(PELPS)	14.94 ▲ 1.36 (10.01%)
Ashfaq Textile / Jan 22 Ashfaq Textile Mills Limited(ASHT)	15.51 ▲ 1.41 (10.00%)
Crescent Cotton / Jan 22 Crescent Cotton Mills Limited(CCM)	54.45 ▲ 4.95 (10.00%)
Fecto Cement / Jan 22 Fecto Cement Limited(FECTC)	116.40 ▲ 10.58 (10.00%)
Fateh Sports / Jan 22 Fateh Sports Wear Limited(FSWL)	86.43 ▲ 7.86 (10.00%)
Pak Engineering / Jan 22 Pakistan Engineering Company Limited(PECO)	738.34 ▲ 67.12 (10.00%)

Stock	Price
First Capital Equities / Jan 22 First Capital Equities Limited(FCEL)	5.30 ▼ -0.70 (-11.67%)
Nagina Cot. / Jan 22 Nagina Cotton Mills Limited(NAGC)	49.95 ▼ -5.55 (-10.00%)
Zahid Jee Textile / Jan 22 Zahidjee Textile Mills Limited(ZAHID)	27.21 ▼ -3.00 (-9.93%)
Gulistan Sp. / Jan 22 Gulistan Spinning Mills Limited(GUSM)	11.58 ▼ -1.26 (-9.81%)
TPL Life Insur. / Jan 22 TPL Life Insurance Limited(TPLL)	51 ▼ -5.50 (-9.73%)
Masood Textile / Jan 22 Masood Textile Mills Limited(MSOT)	49.05 ▼ -5.27 (-9.70%)
Karam Ceramics / Jan 22 Karam Ceramics Limited(KCL)	55.98 ▼ -5.92 (-9.56%)
Mari Energies / Jan 22 Mari Energies Limited(MARI)	598 ▼ -61.53 (-9.33%)
Hala Enterprise / Jan 22 Hala Enterprises Limited(HAEL)	12.10 ▼ -1.21 (-9.09%)

Stock	Volume
Cnergyico PK / Jan 22 Cnergyico PK Limited(CNERGY)	114,034,653 ▲ 0.04
WorldCall Telecom / Jan 22 Worldcall Telecom Limited(WTL)	99,158,485 ▼ -0.07
Fauji Cement / Jan 22 Fauji Cement Company Limited(FCCL)	83,500,175 ▲ 3.03
Bank Makramah / Jan 22 Bank Makramah Limited(BML)	69,476,357 ▲ 0.02
Citi Pharma Ltd / Jan 22 Citi Pharma Ltd.(CPHL)	23,402,152 ▲ 3.23
Lotte Chemical / Jan 22 Lotte Chemical Pakistan Limited(LOTCHEM)	23,042,045 ▼ -0.08
Ghani Chem. Ind. / Jan 22 Ghani Chemical Industries Limited(GCIL)	21,938,589 ▲ 1.04
Power Cement / Jan 22 Power Cement Limited(POWER)	21,682,567 ▲ 0.10
Fauji Foods Ltd / Jan 22 Fauji Foods Limited(FFL)	18,601,390 ▼ -0.41

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