Trends - tax evasion - Business Recorder

tax evasion

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

Business & Finance

Crackdown launched on sales tax evaders

LAHORE: The sales tax department has taken strong stance against tax evasion, rejecting the plea of an importer who...

Published 18 Dec, 2024 08:05am

Opinion

A culture of tax evasion

This is apropos a Business Recorder news item titled “Now revenue leakages come under govt focus” carried by the...

Published 10 Dec, 2024 07:01am

Opinion

Is TTS game changer against tax evasion or another missed opportunity?

Pakistan’s economic stability hinges significantly on its ability to curb tax evasion and illicit trade. One of ...

Updated 03 Dec, 2024 01:40pm

Business & Finance

Sugar mills: PM orders CCTV surveillance

ISLAMABAD: In an effort to crackdown on ‘sugar mafia’ ahead of the sugar crushing season, Prime Minister Shehbaz...

Published 20 Nov, 2024 06:45am

Salaried class: Govt explains how tax burden can be lessened

Will reduce tax burden on salaried class and withdraw tax on milk if FBR is able to recover Rs 300 billion to Rs 350 billion of tax evasion from non-duty paid and smuggled cigarettes

Updated 15 Nov, 2024 02:55pm

Opinion

Retaining export competitiveness through traceability

Traceability has become essential in the modern textile supply chain as buyers increasingly demand transparency,...

Published 13 Nov, 2024 07:25am

Business & Finance

FBR’s efforts to stop tax leakages commendable

LAHORE: The government's recognition and efforts to curb tax evasion across the country are commendable; however,...

Published 01 Nov, 2024 08:08am

Registered persons’ data, profiles: Taxmen granted real-time access for assessment

ISLAMABAD: The Federal Board of Revenue (FBR) has granted tax officers real-time/in-depth access to registered...

Updated 01 Nov, 2024 09:23am

Business & Finance

FBR notifies end of dual taxation treaty with Estonia

ISLAMABAD: Pakistan and Estonia have signed the convention for the elimination of double taxation with income and ...

Published 12 Oct, 2024 06:17am

Non-filers, CFOs of wealthy units: Pay taxes, avoid input adjustment misuse, says Aurangzeb

ISLAMABAD: The government has warned non-filers and Chief Financial Officers (CFOs) of wealthy manufacturing units...

Updated 11 Oct, 2024 09:17am

Markets

‘War on tax fraud’: Pakistan faces revenue gap of Rs3.4tr due to tax evasion & fraud, says finance ministry

Finance & Revenue Division cites FBR study pertaining to iron & steel, beverages, batteries, textile, and cement sectors

Updated 10 Oct, 2024 09:18pm

Business & Finance

Customs uncovers over Rs35m tax evasion thru mis-declaration of soyabean products

KARACHI: The Collectorate of Customs, Appraisement (SAPT), Karachi has uncovered over Rs35 million tax evasion...

Published 01 Oct, 2024 06:49am

Business & Finance

SRB seals popular eatery for ‘tax evasion’

KARACHI: The Sindh Revenue Board (SRB) has taken decisive action against a popular eatery in Karachi’s upscale...

Published 25 Sep, 2024 07:21am

Editorials

Tax reforms: more of the same?

EDITORIAL: The taxation bureaucracy’s knack of coming up with measures that claim to tackle the inefficiencies of...

Published 25 Sep, 2024 06:48am

RTO Sargodha detects Rs23bn tax evasion

ISLAMABAD: A Withholding Zone of Regional Tax Office (RTO) Sargodha has effectively utilised the existing data and...

Updated 16 Sep, 2024 03:12pm

KP to reward tax fraud identifiers with cash

PESHAWAR: The Khyber Pakhtunkhwa (KP) government has announced that it will offer cash rewards to individuals who...

Updated 16 Sep, 2024 03:24pm

Tax fraudsters to face jail

ISLAMABAD: Persons involved in tax frauds would face imprisonment up to five years (tax evaded amount less than Rs 1...

Updated 29 Jun, 2024 02:21pm

PM takes serious note of absence of sugar data

ISLAMABAD: Prime Minister Shehbaz Sharif is said to have taken serious note of the absence of requisite data on...

Updated 10 May, 2024 08:59am

Editorials

Hurting growth of formal economy

EDITORIAL: At a time when the federal government and finance minister are all talking about documenting the economy...

Published 06 May, 2024 05:30am

Need stressed to implement much delayed TTS

ISLAMABAD: Prime Minister Shehbaz Sharif’s recent commitment to robust tax enforcement has underscored the urgent...

Updated 06 May, 2024 09:02am

Business & Finance

SRB seals restaurant, event management company for tax evasion

KARACHI: The Sindh Revenue Board (SRB) on Thursday took strict action against tax evasion, sealing the premises of a...

Published 26 Apr, 2024 04:15am

Pakistan

Tax evasion, non-compliance: SRB seals Sajjad Restaurant at Do Darya, Karachi

The Sindh Revenue Board (SRB) has sealed the premises of Sajjad Restaurant located at Do Darya, Karachi over tax...

Updated 25 Apr, 2024 09:57pm

Business & Finance

Trade competitiveness and economic growth: Govt focusing on tariff rationalisation, its implications: Jam

ISLAMABAD: Commerce Minister Jam Kamal has said that the government is focusing on tariff rationalization and its...

Published 05 Apr, 2024 04:50am

Business & Finance

Huge operation in AJK against tax evasion in cigarette industry

ISLAMABAD: Joint teams of Azad Jammu & Kashmir’s excise and taxation department and police have conducted...

Published 05 Apr, 2024 04:50am

Business & Finance

Black tea imports: major tax evasion unearthed

KARACHI: The Customs Intelligence, Karachi has cracked down on a major tax evasion racket involving the import of...

Published 02 Apr, 2024 04:37am

Business & Finance

Enhancement of tax-to-GDP ratio: ‘Govt should curtail tax evasion, illicit trade in major sectors’

LAHORE: “The government could enhance the tax-to-GDP ratio, increase tax collection and reduce the budget deficit...

Published 30 Mar, 2024 08:03am

World

India’s top political donor subject of fraud, tax evasion probes

MUMBAI: India’s largest known political donor is a lottery company which has been the subject of fraud and tax...

Published 16 Mar, 2024 06:26am

‘Misuse’ of EFS: Rs1.08bn tax evasion scam unearthed

KARACHI: The Directorate General of Post Clearance Audit (PCA) South has uncovered a massive tax evasion scam...

Updated 09 Mar, 2024 01:21pm

Business & Finance

Customs detects Rs27.5bn tax ‘evasion’

KARACHI: An alarming tax evasion scam has been detected by Directorate Post-Clearance Audit (PCA) South, revealing...

Published 16 Feb, 2024 06:02am

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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