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Tax credit

EFS ends: Exporters now to pay regular income tax: IMF

ISLAMABAD: Exporters will be brought into the regular income tax regime, Exporters Facilitation Scheme terminated,...

Updated 12 Oct, 2024 09:50pm

10pc tax credit allowed by SC to persons who imported, installed machinery till June 2019

ISLAMABAD: The Supreme Court of Pakistan (SC) has allowed 10 percent tax credit to the persons who have imported and...

Updated 19 Sep, 2024 09:25am

SC asks whether or not govt can promise tax credit and then take it away retrospectively?

ISLAMABAD: The Supreme Court was asked to decide whether the government can first encourage businesses to make fresh...

Updated 08 Jul, 2024 09:03am

Business & Finance

Tax credit regime for NPOs massively misused: FTO

ISLAMABAD: The Federal Board of Revenue’s tax credit regime for Non-Profit Organisations (NPOs) has been massively...

Published 05 Dec, 2023 03:01am

Rectification of tax credit : FTO seeks clarification from FBR

ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to issue a clarification...

Updated 14 May, 2022 09:48am

Amnesty scheme: FBR empowers Commissioner IR to re-compute tax

ISLAMABAD: The government has empowered the Commissioner Inland Revenue to re-compute the tax payable by the...

Updated 07 Mar, 2022 09:59am

Opinion

The Income Tax Amendment Ordinance 2022: govt’s plan to promote industries

[These notes have been prepared on the basis of draft of the law as provided by Super Law Updates] General A...

Published 04 Mar, 2022 04:37am

Denial of 60pc input tax credit: Non-issuance of STGOs costs FBR dearly

ISLAMABAD: The Federal Board of Revenue (FBR) has suffered a huge revenue loss to the tune of billions for not ...

Updated 29 Jan, 2022 09:41am

Business & Finance

FBR to start disbursing refunds by end of 2nd quarter

LAHORE: The Federal Board of Revenue (FBR) will start disbursing income tax refunds of Rs100 million and below for...

Published 07 Dec, 2021 06:29am

Business & Finance

Canada says proposed US EV tax credit could harm sector, mulls possible challenge

WASHINGTON/OTTAWA: Canada said on Friday that US proposals to create new electric vehicle tax credits for...

Published 25 Oct, 2021 05:35am

1,136 big retailers required to be integrated with POS system by 10th

ISLAMABAD: The Federal Board of Revenue (FBR) has issued a list of 1,136 big retailers (Tier-1), which are required...

Updated 06 Oct, 2021 09:46am

Business & Finance

AOPs/companies asked to pay advance income tax by 25th

LAHORE: The Federal Board of Revenue (FBR) has sought all the Association of Persons (AOPs) or a company to pay ...

Published 22 Sep, 2021 03:48am

Carry forward-based: LTUs, RTOs directed to process non-export refunds

ISLAMABAD: The Federal Board of Revenue (FBR) has issued instructions to the Large Taxpayer Units (LTUs) and ...

Updated 12 Sep, 2021 12:54pm

Business & Finance

Persons registered in AJK, GB: FBR to allow input tax credit against e-data of supplies

ISLAMABAD: The Federal Board of Revenue (FBR) will allow input tax credit against electronic data of supplies by the...

Published 25 Aug, 2021 04:43am

Business & Finance

Manufacturing units, industrial undertakings: FBR initiates probe into wrongly claimed tax credit

ISLAMABAD: The Federal Board of Revenue (FBR) has started an investigation against the manufacturing units and...

Updated 21 Aug, 2021 03:47pm

Non-integration by 15th: 6,763 retailers will be denied 60pc input tax credit

ISLAMABAD: The Federal Board of Revenue (FBR) has issued a list of 6,763 big retailers (Tier-1), which are not...

Published 04 Aug, 2021 04:06am

FBR urged to follow tax-base broadening timelines

ISLAMABAD: The Federal Board of Revenue (FBR), Monday, informed Finance Minister Shaukat Tarin on the operational...

Published 13 Jul, 2021 02:48am

Business & Finance

The Tax Laws (Second Amendment) Ordinance, 2021

EXECUTIVE SUMMARY Following are the key changes made through the Amendment Ordinance:

Updated 07 Apr, 2021 09:51am

Opinion

Tax exemptions - mixed signals

A money bill (amendments in Income Tax Ordinance) is making rounds over social media. Initially-proposed by the...

Published 14 Mar, 2021 04:13am

Business & Finance

How will govt Income Tax (Amendment) Bill 2021 impact industry?

Regarding the removal of tax exemption on the sale of immovable property to REITs, the report was of the view that this will not impact listed REITs.
However, this may have a negative impact on potential REIT listings.

Published 13 Mar, 2021 01:52pm

Corporate income tax exemptions: Withdrawal causes Rs10bn revenue impact

ISLAMABAD: The withdrawal of corporate income tax exemptions available to the industrial undertakings under section...

Updated 12 Mar, 2021 10:07am

World

What's in the $900 billion US COVID-19 aid package?

Minority-owned businesses: $12 billion for minority owned and very small businesses that struggled to access earlier Payroll Protection Program financing.

Published 21 Dec, 2020 09:03am

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

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