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 / 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

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