Trends - tax exemption - Business Recorder

tax exemption

‘No proposal under study on ADR tax exemption for banks’

ISLAMABAD: Minister of State for Finance Ali Perveiz Malik said Wednesday that there is no proposal under...

Updated 24 Oct, 2024 09:36am

Tax exemption only allowed under ITO 2001, if ...

ISLAMABAD: The taxpayers including exporters would only be allowed tax exemption under Income Tax Ordinance, 2001,...

Updated 12 Sep, 2024 09:08am

Business & Finance

Personal use of importer’s family: FBR exempts WHT on import of eye drops from France

ISLAMABAD: The Federal Board of Revenue (FBR) has exempted withholding tax on import of the medicines and eye drops...

Published 30 Aug, 2024 07:49am

Diplomats, privileged persons and entities: Conditional exemption of FED available on imports

ISLAMABAD: The exemption of federal excise duty would be available on the imports made by diplomats, diplomatic...

Updated 26 Jul, 2024 08:51am

Tax exemption on POL products: FBR suffers massive revenue loss in 2022-23

ISLAMABAD: The Federal Board of Revenue (FBR) has suffered revenue loss of Rs 1.25 trillion during 2022-23 on...

Updated 05 Jul, 2024 08:51am

Sale of govt-allotted immovable properties: Scope of WHT exemption expanded

ISLAMABAD: The government has expanded the scope of withholding tax exemption on the sale of government-allotted...

Updated 03 Jul, 2024 08:32am

Business & Finance

Fata, Pata ghee mills: PVMA threatens to shut units if tax concession not withdrawn

KARACHI: Pakistan Vanaspati Manufacturers Association (PVMA) has announced country wide closure of factories, if the...

Published 29 Jun, 2024 06:40am

Business & Finance

FPCCI demands restoration of tax exemption on gold import

KARACHI: FPCCI Central Standing Committee on Gems & Jewellery Producers, Manufacturers & Exporters, ...

Published 25 Jun, 2024 06:42am

Business & Finance

Fata and Pata: PALSP says tax exemptions will ‘destroy economy’

ISLAMABAD: Steel & Edible Oil & Ghee industries are deeply concerned over reports of govt’s intention to...

Published 24 Jun, 2024 07:00am

Pakistan

Teachers, researchers: FAPUASA for restoring 75pc tax exemption

LAHORE: Federation of All Pakistan Universities Academic Staff Association (FAPUASA) on Friday expressed strong...

Published 22 Jun, 2024 06:47am

Fertilizer sector availed Rs252.6bn tax exemption in 2022-23

ISLAMABAD: The fertilizer sector has availed huge sales tax exemption of Rs 252.60 billion during 2022-23 mainly due...

Updated 17 Jun, 2024 02:44pm

Business & Finance

Industrial undertakings: Minimum tax payable despite exemption under Economic Reforms Act

LAHORE: Minimum tax is payable by the industrial undertakings despite enjoying exemption under the Economic Reforms...

Published 24 Jan, 2024 05:07am

Real estate sector: FBR chief says no exemption or concession possible

ISLAMABAD: Chairman Federal Board of Revenue (FBR) Malik Amjad Zubair Tiwana has categorically conveyed to the real...

Updated 07 Aug, 2023 09:18am

FBR issues tax expenditure report-2023: More exemptions, concessions given during 2021-22

ISLAMABAD: The Federal Board of Revenue (FBR) has given more sales tax exemptions, zero-rating and concessions to...

Updated 08 Jul, 2023 09:02am

Erstwhile tribal areas: Tax, duty exemption extended by one year

ISLAMABAD: The government has granted one-year extension in exemption from duties and taxes for the erstwhile tribal...

Updated 03 Jul, 2023 08:55am

Business & Finance

Amendments enacted by Finance Act, 2023 vis-à-vis those proposed in Finance Bill 2023–II

SALES TAX
INCREASE IN RATE OF FURTHER TAX

Published 29 Jun, 2023 04:19am

‘Tax on Deemed Income basis’ on immovable properties: Exemption only for persons appearing on Active Taxpayers’ List

ISLAMABAD: The exemption from payment of “Tax on Deemed Income basis” on immovable properties would only be...

Updated 28 Jun, 2023 09:00am

Business & Finance

Erstwhile tribal areas: One-year extension in exemption of taxes withdrawn

ISLAMABAD: The Finance Act 2023 has withdrawn one-year extension in exemption from duties and taxes for the ...

Published 28 Jun, 2023 06:31am

Business & Finance

Tax exemption for erstwhile Fata/Pata becomes bone of contention

PESHAWAR: Tax exemption to the industrial units of the erstwhile Federal Administered Tribal Area (FATA) and...

Published 19 Jun, 2023 06:55am

Business & Finance

Comments on FY2023-24 Budget

The Finance Bill 2023 did not bring any substantial change in the tax policy as all major revenue measures are aimed...

Updated 12 Jun, 2023 06:46am

Business & Finance

Tax exemption on import of raw materials: Steps taken to check misuse of quotas by units in tribal areas

PESHAWAR: To ensure that raw materials being imported by manufacturing units in the erstwhile Federally Administered...

Published 13 Feb, 2023 05:57am

Finance Bill 2023: SEZs: FBR to withdraw turnover tax exemption

ISLAMABAD: The Federal Board of Revenue (FBR) will withdraw exemption of turnover tax for Special Economic Zones...

Updated 01 Dec, 2022 09:44am

Rice import: PM thanks Azeri President for 5-year tax holiday

ISLAMABAD: Prime Minister Shehbaz Sharif Saturday thanked Azerbaijan President Ilham Aliyev for approving a...

Updated 27 Nov, 2022 09:40am

Business & Finance

Rice import outcome of meetings with Shehbaz: Aliyev

ISLAMABAD: Azerbaijan President Ilham Aliyev has said that the decision to import rice from Pakistan with tax...

Published 27 Nov, 2022 05:58am

Minimum tax exemption: SC sets aside PHC orders

ISLAMABAD: The Supreme Court set aside the orders of the Peshawar High Court (PHC) regarding exemption from the...

Updated 13 Nov, 2022 09:26am

FBR working on new tax incentives for Chinese cos

ISLAMABAD: The Federal Board of Revenue (FBR) is working on new tax incentives for Chinese companies including...

Updated 02 Oct, 2022 10:19am

Finance bill further amended

Amended bill 2022 may reduce 17 per cent sales tax to only one per cent on the import of active pharmaceutical ingredients with continuation of the zero-rating scheme on local sales

Updated 29 Jun, 2022 10:34am

Business & Finance

Under amended finance bill: Scope of IT and IT-enabled services expanded

ISLAMABAD: The Federal Board of Revenue (FBR) has expanded the scope of the definition of IT and IT-enabled services...

Published 26 Jun, 2022 05:44am

Business & Finance

Finance bill 2022: Fundamental policy for IPPs changed, points out tax expert

ISLAMABAD: The Federal Board of Revenue (FBR) has placed a time limitation on the income tax exemption of the power...

Published 22 Jun, 2022 05:58am

Lower income salaried class gets tax relief

ISLAMABAD: A major relief has been provided to the lower income salaried class taxpayers by increasing the basic tax...

Published 11 Jun, 2022 06:41am

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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