Trends - Tax policy - Business Recorder

Tax policy

Macro-fiscal forecasts for budget: IMF asks govt to strengthen capacity of FD

Notes that current organisation of the Finance Division is relatively fragmented and presents an obstacle to achieving a more strategic approach to budgeting

Updated 16 Nov, 2024 09:08pm

Tax-to-GDP ratio drastically down in 2023-24

ISLAMABAD: The Tax-to-Gross Domestic Product (GDP) ratio drastically decreased from 9.22 percent in 2021-22 to 8.77...

Updated 08 Nov, 2024 09:41am

Opinion

Banking on missteps: latest tax policy will distort financial system

One of the more short-sighted fiscal measures recently introduced is the higher tax on banking income from ...

Updated 28 Oct, 2024 08:35am

Editorials

UN support for Global Tax Convention

EDITORIAL: The United Nations Framework Convention on International Tax Cooperation unveiled a draft during its ad...

Updated 06 Sep, 2024 07:39am

Non-filers must be brought into the tax net: PM

Seeks a comprehensive action plan with specific goals regarding the digitisation and reforms of FBR

Updated 06 Jul, 2024 07:55pm

e-vehicles, telecom sector: FBR vows to review omission of incentives

ISLAMABAD: The Federal Board of Revenue (FBR) has assured the finance committee that it will review the omission of...

Updated 21 Jun, 2024 09:17am

Editorials

Missed revenue targets

EDITORIAL: The Federal Board of Revenue’s contention that it will fall short of its revenue target of Rs9.42...

Published 20 Jun, 2024 06:10am

GST on infant food, milk in phases

ISLAMABAD: The tax policy of introducing sales tax in three stages, starting from 5 percent on infant formula, baby...

Updated 20 Jun, 2024 09:00am

Business & Finance

Long-term tax policy reforms recommended: Economists for flexible tariff system

ISLAMABAD: Economists while recommending long-term tax policy reforms have urged the government to introduce and...

Published 11 Jun, 2024 03:17am

FTO proposes massive changes in tax policy/laws

ISLAMABAD: The Federal Tax Ombudsman (FTO) has proposed massive changes in tax policy/laws through Finance Bill 2024...

Updated 02 Jun, 2024 12:21pm

Opinion

Budget & tax policy

‘The impact of economic growth on the lives of people is partly a matter of income distribution, but it also depends...

Updated 31 May, 2024 07:29am

Govt, World Bank working on new CPF programme

ISLAMABAD: World Bank (WB) and Government of Pakistan (GoP) are reportedly working on a new Country Partnership...

Updated 23 May, 2024 08:46am

Pakistan

Health activists support IMF’s tax policy recommendations on revamping tobacco taxation

ISLAMABAD: Health activists Friday strongly supported International Monetary Fund’s (IMF) tax policy...

Published 23 Mar, 2024 05:41am

Business & Finance

FBR suffered Rs567.3bn revenue loss in last 7 years: SDPI report

ISLAMABAD: A research report of the SDPI (think tank) has revealed that the Federal Board of Revenue (FBR) has...

Published 03 Mar, 2024 02:55am

Cabinet to discuss FBR revamp plan today

KARACHI: In the cabinet meeting to be held Tuesday (Jan 23), proposals that envisage restructuring and reforms of...

Updated 23 Jan, 2024 09:09am

Opinion

Rising oligarchic power, ballooning inequality, and the quality of democracy

Decades of Neoliberalism led retreat of regulation, and greater inclusion of private sector to provide essential...

Published 19 Jan, 2024 05:37am

World

World’s five richest men doubled their fortunes since 2020: Oxfam

DAVOS, Switzerland: The world’s wealthiest five men have more than doubled their fortune since 2020, the charity...

Published 16 Jan, 2024 05:44am

MoF spells out FBR reforms agenda

ISLAMABAD: The government has announced that the creation of specialized administrative structures in the Federal...

Updated 07 Jan, 2024 10:18am

IMF team briefed about tax policy reforms

ISLAMABAD: The task force on tax and Federal Board of Revenue (FBR) reforms, Tuesday, briefed the International...

Updated 29 Nov, 2023 08:52am

Opinion

IMF review & state of economy

I expect an agreement on the review to come within this week, so, any day now. I can say that Pakistani authorities,...

Updated 17 Nov, 2023 06:31am

Salaried individuals: No proposal to change current exemption threshold: FBR

ISLAMABAD: The Federal Board of Revenue (FBR), Wednesday, informed the Senate Standing Committee on Finance that no...

Updated 26 Oct, 2023 09:49am

Taskforce on FBR reforms yet to become fully functional

ISLAMABAD: The task force on tax and Federal Board of Revenue (FBR) reforms, constituted by the finance minister has...

Updated 15 Oct, 2023 09:35am

Opinion

Improving tax compliance

The caretaker government has set up a tax reforms taskforce to come up with recommendations to close the ‘tax...

Published 03 Oct, 2023 06:02am

Business & Finance

Speakers underscore need for abolishing distinction between filer and non-filer

ISLAMABAD: The speakers at the Pakistan Institute of Development Economics (PIDE) conference on Sunday said that the...

Published 11 Sep, 2023 07:21am

Pakistan

Real estate, construction: Demand to appoint advisor to PM in caretaker setup

ISLAMABAD: The government needs to create a special position of ‘Advisor to the Prime Minister on Real Estate and...

Published 01 Aug, 2023 06:19am

Tax policy-making process ‘ICTE’ to be set up to reduce role of FBR officials

ISLAMABAD: The Federal Board of Revenue (FBR) will establish an International Centre of Tax Excellence (ICTE) to...

Updated 11 Jun, 2023 08:11am

Opinion

‘Learning From Others’—V

Power Sector: Power sector was the major negative influence on India’s economy as well. The problems and ...

Published 28 May, 2023 03:34am

Opinion

Paradigm shift in tax policy

‘The impact of economic growth on the lives of people is partly a matter of income distribution, but it also...

Published 26 May, 2023 06:48am

World Bank ties recurrent budget shortfall to low fiscal revenue

ISLAMABAD: Persistent low fiscal revenue is one of the drivers of Pakistan’s recurrent budget shortfall, as total...

Updated 14 Apr, 2023 12:35pm

Editorials

Economy still in deep trouble

EDITORIAL: Federal Finance Minister Ishaq Dar, along with the Special Assistant to the Prime Minister on Finance,...

Published 13 Dec, 2022 05:58am

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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