Trends - tax evasion - Business Recorder

tax evasion

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

Business & Finance

Sugar mills evading tax to face crackdown

ISLAMABAD: The caretaker government has decided to start crackdown on sugar mills involved in tax evasion, well...

Published 01 Feb, 2024 04:52am

Pakistan

FTO orders clearance of Rs13bn refunds

LAHORE: Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jah has passed orders for clearance of Rs 13 billion refunds for...

Published 06 Jan, 2024 05:17am

Editorials

Theft of FBR tax revenue

EDITORIAL: Is it really a surprise that FBR’s “first-ever electronic tax audit of immovable property” has...

Published 23 Dec, 2023 06:16am

Editorials

Tax evasion in non-profit sector

EDITORIAL: Now that the Federal Tax Ombudsman’s (FTO’s) office has identified “significant gaps” in the...

Published 09 Dec, 2023 05:46am

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
Gold 10 Grams PKR / Nov 20	238,940
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 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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