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tax frauds

Countering sales tax frauds

Globally, tax crimes have always been a significant threat to economic stability and governance. These offences that...

Updated 15 Nov, 2024 08:11am

Business & Finance

Over Rs16bn revenue loss prevented by busting gangs of cyber criminals using foreign IPs/VPN/proxy servers

ISLAMABAD: Directorate General of Intelligence and Investigation-Inland Revenue (IR) has prevented revenue loss of...

Published 09 Nov, 2024 07:18am

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

Gang exploits dormant taxpayer identities to commit Rs81bn fraud

KARACHI: A cybercrime gang, allegedly facilitated by current and former PRAL and FBR officials, has exploited...

Updated 08 Oct, 2024 02:38pm

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

President endorses FTO’s order against fake sales tax invoices

ISLAMABAD: President Asif Ali Zardari has endorsed the Federal Tax Ombudsman’s (FTO) directions against the Federal...

Updated 26 Aug, 2024 08:55am

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

Case of getting inadmissible tax refunds: ATIR turns down rectification plea filed by Chinese firm

ISLAMABAD: The Full Bench of the Appellate Tribunal Inland Revenue (ATIR) has imposed costs and dismissed...

Updated 18 Dec, 2023 09:14am

I&I-IR detects illegal adjustments of Rs70bn input tax

ISLAMABAD: The Directorate General Intelligence and Investigation Inland Revenue (I&I-IR)’s national...

Updated 15 Oct, 2023 09:37am

Domestic collection improvement: FBR presents strategy to Shamshad

ISLAMABAD: The Federal Board of Revenue (FBR), Tuesday, presented a plan before the Ministry of Finance to improve...

Updated 13 Sep, 2023 08:53am

FBR needs to work harder to help country sustain its ‘off grey list’ status

ISLAMABAD: The Federal Board of Revenue (FBR) is required to enhance its efforts to effectively deal with the cases...

Updated 08 May, 2023 09:03am

Business & Finance

ST dept accused of violating limitation period with FBR’s approval

LAHORE: The sales tax department is violating the limitation period of five years for issuing show cause notices to...

Published 16 Feb, 2023 06:08am

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
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

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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