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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 / Nov 21	278.03
USD PKR Interbank Buying / Nov 21	277.78
USD to Japanese Yen / Nov 21	154.92
USD to Swiss Franc / Nov 21	0.88
Pound Sterling to USD / Nov 21	1.26
Euro to USD / Nov 21	1.05

Stock	Volume
S&P 500 / Nov 20	5,917.11
Nasdaq / Nov 20	18,966.14
Dow Jones / Nov 20	43,408.47
India Sensex / Nov 21	77,137.20
Tokyo Nikkei / Nov 21	38,026.17
Hang Seng / Nov 21	19,620.49
FTSE 100 / Nov 21	8,069.57
Germany DAX 30 / Nov 21	18,942.65

Item	Value
Petrol/Litre / Nov 21	248.38
Crude Oil USD/Barrel / Nov 21	69.38
Karachi Cotton PKR/37.32 KG / Nov 21	17,785
Gold 10 Grams PKR / Nov 21	238,340
Gold Spot USD/Ounce / Nov 21	2,662.71
Diesel/Litre / Nov 21	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▼ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▼ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▼ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▲ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▲ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▲ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Nov 21 K-Electric Limited(KEL)	174,389,145 ▲ 0.00
Hascol Petrol / Nov 21 Hascol Petroleum Limited(HASCOL)	63,973,243 ▲ 0.00
Kohinoor Spining / Nov 21 Kohinoor Spinning Mills Limited(KOSM)	62,996,737 ▲ 0.00
Aisha Steel Mill / Nov 21 Aisha Steel Mills Limited(ASL)	48,137,561 ▲ 0.00
Waves Home Appliances / Nov 21 Waves Home Appliances Limited(WAVESAPP)	43,506,391 ▲ 0.00
Lotte Chemical / Nov 21 Lotte Chemical Pakistan Limited(LOTCHEM)	40,852,960 ▲ 0.00
Telecard Limited / Nov 21 Telecard Limited(TELE)	36,937,252 ▲ 0.00
Cnergyico PK / Nov 21 Cnergyico PK Limited(CNERGY)	31,401,025 ▲ 0.00
WorldCall Telecom / Nov 21 Worldcall Telecom Limited(WTL)	31,346,592 ▲ 0.00

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