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tax collection

What is Tax Laws (Amendment) Bill, 2024 introduced in National Assembly?

Finance Minister Muhammad Aurangzeb introduced the Tax Laws (Amendment) Bill, 2024 in the National Assembly (NA) on...

Published 18 Dec, 2024 09:06pm

Tax rates can be reduced if revenue generated effectively: FBR chief

LAHORE: Chairman Federal Board of Revenue (FBR) Rashid Mahmood Langrial has agreed with Lahore Chamber of Commerce...

Updated 18 Dec, 2024 03:43pm

34 banks declared withholding agents

ISLAMABAD: The Federal Board of Revenue (FBR) has declared 34 banks as withholding agents for the purpose of...

Updated 11 Dec, 2024 09:11am

Markets

UAE to impose 15% minimum top-up tax on large multinationals from January

DUBAI: The United Arab Emirates will impose a minimum top-up tax (DMTT) of 15% on large multinational companies...

Updated 09 Dec, 2024 10:29pm

Business & Finance

BMP for raising tax-to-GDP ratio as collection shortfall likely to widen

LAHORE: The Federation of Pakistan Chambers of Commerce & Industry’s Businessmen Panel (BMP) on Sunday...

Published 09 Dec, 2024 07:23am

Opinion

Poor FBR performance

The monthly Economic Update and Outlook was uploaded on the Finance Division website on 28 November 2024 with the ...

Updated 09 Dec, 2024 08:11am

BR Research

The ADR fail

The FBR’s probable aim to raise an additional Rs 70-100 billion in tax by imposing a higher tax on banks with a low...

Published 06 Dec, 2024 08:52am

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

Nov revenue collection target: FBR may go for ‘additional measures’

ISLAMABAD: The Federal Board of Revenue (FBR) is facing an uphill task to meet its tax collection target of Rs1,003...

Updated 26 Nov, 2024 01:26pm

Editorials

Audit to generate revenue

EDITORIAL: Federal Board of Revenue (FBR) has finalised an enforcement plan for action at the level of field...

Published 22 Nov, 2024 03:03am

Business & Finance

Tax evasion termed big threat to economy

KARACHI: Chairman of National Business Group Pakistan, the President of the Pakistan Businessmen and Intellectuals...

Published 18 Nov, 2024 02:54am

IMF-govt talks conclude

ISLAMABAD: Pakistan and the International Monetary Fund (IMF) on Friday concluded the five-day talks with a...

Updated 16 Nov, 2024 03:04pm

Business & Finance

Govt urged to tax high earning ‘sacred cows’ amid revenue shortfall

Former Caretaker Federal Minister for Commerce Dr Gohar Ejaz urged the government to meet its collection target by...

Updated 14 Nov, 2024 11:00pm

FBR assures IMF: Rs12.9trn revenue target will stay intact

Tax collection target of the FBR would not be revised downward for the current fiscal year, sources say

Updated 14 Nov, 2024 02:25pm

Business & Finance

Rs237bn FED collected from cigarettes in 2023-24

ISLAMABAD: The Federal Board of Revenue (FBR) has collected Rs 237 billion as federal excise duty (FED) from...

Updated 11 Nov, 2024 09:24am

WHT’s share in collection of direct taxes stands at 60pc

ISLAMABAD: The Federal Board of Revenue (FBR) has claimed that the share of withholding taxes stood at 60 percent in...

Updated 11 Nov, 2024 08:56am

BR Research

EFF progress review: don’t let them off the hook!

As the political government gears up to revert the economy back onto a growth path, the IMF mission is set to arrive...

Published 08 Nov, 2024 09:00am

Tax exemptions in FY24 amounted to Rs3.8trn: FBR

Report by FBR shows Income Tax expenditure was Rs 476.96 billion (6.66 percent of FBR’s collection, 12.30 percent of total expenditure and 0.57 percent of GDP)

Updated 08 Nov, 2024 09:58am

Tax collection decreases 21.5pc in 2023-24

ISLAMABAD: The income tax collection from efforts of the tax officials of the Federal Board of Revenue (FBR) has...

Updated 08 Nov, 2024 09:36am

Editorials

Tajir Dost Scheme has trouble making dost

EDITORIAL: A Business Recorder exclusive report has revealed that the traders have completely prevailed in their...

Published 08 Nov, 2024 06:41am

Rs91bn short of target: Q1 tax collection stands at Rs2.563trn

ISLAMABAD: Following change in macroeconomic figures, the Federal Board of Revenue (FBR) has faced a shortfall of...

Updated 31 Oct, 2024 03:05pm

Corporate sector: Only 5,000 big cos are practically compliant taxpayers

ISLAMABAD: Only 5,000 big companies are practically compliant taxpayers within the corporate sector and paying 90...

Updated 28 Oct, 2024 02:43pm

High-net worth individuals: FBR starts receiving data from Nadra

ISLAMABAD: The Federal Board of Revenue (FBR) has started receiving data from the National Database and Registration...

Updated 26 Oct, 2024 09:29am

Business & Finance

Revenue collection: PM orders use of modern tech by FBR

ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday chaired a high-level meeting to ignite reforms in Federal Board...

Published 25 Oct, 2024 06:28am

Govt may collect Rs300bn from agri tax

FBR asks provinces to adopt federal schedule of income tax for collection of agricultural income tax

Updated 14 Oct, 2024 03:17pm

Editorials

Business & Finance

Finance Division says economy indicating positive developments

ISLAMABAD: Inflation has dropped to single digit and is expected to remain within the range of eight percent to nine...

Published 28 Sep, 2024 07:16am

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 23	252.10

Gainers
Losers
Leaders

Stock	Price
Dewan Sugar / Dec 23 Dewan Sugar Mills Limited(DWSM)	6.60 ▲ 1.00 (17.86%)
LSE Capital / Dec 23 LSE Capital Limited(LSECL)	6.68 ▲ 0.65 (10.78%)
Khalid Siraj / Dec 23 Khalid Siraj Textile Mills Limited(KSTM)	10.60 ▲ 1.00 (10.42%)
I.C.C. Ind. / Dec 23 ICC Industries Limited(ICCI)	10.94 ▲ 1.00 (10.06%)
TRG Pak Ltd / Dec 23 TRG Pakistan Limited(TRG)	61.15 ▲ 5.56 (10.00%)
Frontier Ceram / Dec 23 Frontier Ceramics Limited(FRCL)	38.21 ▲ 3.47 (9.99%)
Pak Datacom / Dec 23 Pak Datacom Limited(PAKD)	137.99 ▲ 12.23 (9.72%)
Ghazi Fabrics / Dec 23 Ghazi Fabrics International Limited(GFIL)	11 ▲ 0.96 (9.56%)
Sally Textile / Dec 23 Sally Textile Mills Limited(SLYT)	13.30 ▲ 1.16 (9.56%)

Stock	Price
MCB Invest. Managmt. / Dec 23 MCB Investment Management Limited(MCBIM)	59.01 ▼ -6.55 (-9.99%)
Dar-es-Salaam / Dec 23 Dar-es-Salaam Textile Mills Limited(DSML)	42.01 ▼ -4.58 (-9.83%)
Liven Pharma / Dec 23 Liven Pharma Limited(LIVEN)	79 ▼ -6.06 (-7.12%)
Next Capital / Dec 23 Next Capital Limited(NEXT)	7.25 ▼ -0.53 (-6.81%)
Blessed Tex. / Dec 23 Blessed Textiles Limited(BTL)	245.01 ▼ -14.99 (-5.77%)
Oilboy Energy / Dec 23 Oilboy Energy Limited(OBOY)	10.80 ▼ -0.59 (-5.18%)
Saritow Spinning / Dec 23 Saritow Spinning Mills Limited(SSML)	8.80 ▼ -0.47 (-5.07%)
Dost Steels Ltd. / Dec 23 Dost Steels Limited(DSL)	5.76 ▼ -0.29 (-4.79%)
Dadabhoy Cement / Dec 23 Dadabhoy Cement Industries Limited(DBCI)	6.28 ▼ -0.26 (-3.98%)

Stock	Volume
WorldCall Telecom / Dec 23 Worldcall Telecom Limited(WTL)	99,942,750 ▲ 0.10
Pace (Pak) Ltd. / Dec 23 Pace (Pakistan) Limited(PACE)	43,280,462 ▲ 0.25
K-Electric Ltd. / Dec 23 K-Electric Limited(KEL)	40,644,312 ▲ 0.08
Sui South Gas / Dec 23 Sui Southern Gas Company Limited(SSGC)	40,619,788 ▲ 0.71
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	30,423,419 ▲ 0.14
B.O.Punjab / Dec 23 The Bank of Punjab(BOP)	29,495,012 ▲ 0.11
Pak Elektron / Dec 23 Pak Elektron Limited(PAEL)	23,717,939 ▲ 2.11
Symmetry Group / Dec 23 Symmetry Group Limited(SYM)	21,897,051 ▼ -0.24
Hub Power Co. / Dec 23 The Hub Power Company Limited(HUBC)	20,727,996 ▲ 1.95

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Budget 2024-25: income tax calculator for FY25

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