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tax exemptions

Tax exemptions in FY24 amounted to Rs3.8trn: FBR

Report by FBR shows Income Tax expenditure was Rs 476.96 billion (6.66 percent of FBR’s collection, 12.30 percent of total expenditure and 0.57 percent of GDP)

Updated 08 Nov, 2024 09:58am

Perspectives

Pakistan’s coal tax breaks have sparked an old debate: fossil fuel vs renewable energy

The Pakistani government’s decision to continue offering tax exemptions for coal has reignited a debate about the...

Updated 22 Oct, 2024 05:22pm

Educational, health institutions: Senate panel tells FBR to give details of tax, duty relief

ISLAMABAD: The Senate Standing Committee on Finance has sought details of the educational and health institutions...

Updated 07 Aug, 2024 08:36am

Business & Finance

Fruit and Vegetables Association team meets LCCI chief

LAHORE: A delegation from the Fruit and Vegetables Association held a meeting with Kashif Anwar, President of the...

Published 11 Jul, 2024 06:32am

Pakistan

Bureaucrats, military personnel: Khaqan, Miftah lambaste tax exemptions

ISLAMABAD: Former prime minister Shahid Khaqan Abbasi on Monday criticised the tax exemptions given to civilian...

Published 02 Jul, 2024 05:07am

FBR to impose sales tax on stationery items

ISLAMABAD: Despite announcement of withdrawal of sales tax on stationery items, the amended Finance Bill 2024 would...

Updated 27 Jun, 2024 11:32am

Foreign travel ban on non-filers: NICOP holders, minors, students to be exempted

Tax expert questions how FBR would impose ban on non-filers (family members), who are actually dependent on the filer

Updated 24 Jun, 2024 01:33pm

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

Income Tax Expenditure (cost of exemption) estimated at Rs476.96bn

ISLAMABAD: The Income Tax Expenditure (cost of exemption) has been estimated at Rs 476.96 billion during 2022-23....

Updated 17 Jun, 2024 03:03pm

Business & Finance

Fata, Pata: PALSP hails reduction in tax exemptions thru FY25 budget

ISLAMABAD: The measures taken by the government in budget 2024-25, especially gradual reduction in tax exemptions...

Published 16 Jun, 2024 02:40am

Tax exemptions, zero-rating cost kitty over Rs3.87trn

ISLAMABAD: Total tax exemptions, concessions, zero-rating and special tax treatments to various businesses,...

Updated 12 Jun, 2024 08:59am

FATA, PATA regions: No law under study to grant tax relief: Aurangzeb

ISLAMABAD: Federal Minister for Finance Senator Muhammad Aurangzeb said there is no legislation under government...

Updated 17 May, 2024 09:07am

Pakistan

Govt will not propose extension in tax exemptions for ex-FATA, PATA: Aurangzeb

Finance Minister Muhammad Aurangzeb on Thursday said the government has decided to withdraw tax and duty exemptions...

Updated 16 May, 2024 08:19pm

Erstwhile tribal areas: Tax, duty exemptions not to be extended beyond June 30

ISLAMABAD: The government has decided not to further extend the exemption from duties and taxes for the erstwhile...

Updated 08 May, 2024 09:19am

Opinion

Freelancer tax exemptions killing IT export corporate sector?

Just like IT export businesses, Pakistan also gives tax exemptions to freelancers on their export income. However,...

Updated 20 Mar, 2024 04:11am

Business & Finance

Tax authorities fail to encash expired bank guarantee as govt dues

LAHORE: Tax authorities have failed to encash expired bank guarantee for recovery of government dues, said sources....

Published 16 Feb, 2024 06:02am

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

AJK, FATA/PATA: KCCI seeks withdrawal of tax exemption to protect importers of black tea

KARACHI: Senior Vice President of the Karachi Chamber of Commerce & Industry (KCCI) Altaf A Ghaffar has urged ...

Published 16 Feb, 2024 06:02am

Business & Finance

A tug of war between tax dept and welfare organisation over surplus income from investments

LAHORE: Welfare organisations utilising the surplus income out of their investments for their own beneficiaries are...

Published 07 Nov, 2023 06:33am

Business & Finance

Carbon alloy wire rod: FBR says RD exemption cannot be granted on import

ISLAMABAD: The Customs Classification Committee of the Federal Board of Revenue (FBR) has declared that the ...

Published 04 Nov, 2023 06:00am

Opinion

No more business as usual—V

Much-needed measures for documenting the economy await promulgation of an ordinance for integration of data across...

Updated 13 Oct, 2023 06:46am

World Bank for taxation of agri income, property

ISLAMABAD: The World Bank (WB) has recommended taxation of agricultural income and property, withdrawal of...

Updated 10 Oct, 2023 11:22am

Shamshad-led task force to introduce tax reforms

ISLAMABAD: A task force has been formed for tax reforms, and caretaker Finance Minister Dr Shamshad Akhtar has been...

Updated 29 Sep, 2023 03:01pm

Govt depts, hospitals, LG and defence institutions: Updated list of FTN recipients issued by FBR

FBR to take policy decision on the issuance of the FTNs to the govt authorities including local govt departments and Tehsil municipal authorities seeking tax exemptions

Updated 17 Sep, 2023 10:52pm

Opinion

Tax expenditure as subsidy to elites: myth or reality?

In the last ten or so years, economic issues and tax collection by FBR has been brought increasingly under focus....

Published 12 Sep, 2023 06:51am

Dar explains what actually led to changes in budget

Says for securing an agreement with the IMF, the government had to impose new taxes

Updated 05 Aug, 2023 03:06pm

No more tax amenities, exemptions: 10 structural benchmarks set for SBA

ISLAMABAD: The International Monetary Fund (IMF) has set 10 structural benchmarks (SBs) for stand-by arrangement...

Updated 19 Jul, 2023 09:54am

Opinion

Elusive IMF bailout: the end of the road?

The International Monetary Fund (IMF) and the country’s political situation are the two main issues that are...

Updated 17 Jun, 2023 07:10am

FY2023-24 budget: Govt describes tax exemptions as growth ‘triggers’

Says it is sustainable path to provide employment and livelihood to common citizen

Updated 17 Jun, 2023 09:00am

Senate panel rejects 3 major ST measures

ISLAMABAD: The Senate Standing Committee on Finance rejected three major sales tax measures including a one-year...

Updated 13 Jun, 2023 08:47am

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

Markets →

Budget 2024-25: income tax calculator for FY25

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