Trends - tax rates - Business Recorder

tax rates

Tax rates can be reduced if revenue generated effectively: FBR chief

LAHORE: Chairman Federal Board of Revenue (FBR) Rashid Mahmood Langrial has agreed with Lahore Chamber of Commerce...

Updated 18 Dec, 2024 09:22am

FBR imposes new condition on overseas Pakistanis

ISLAMABAD: The Federal Board of Revenue (FBR) has imposed a new condition on overseas Pakistanis to obtain approval...

Updated 02 Dec, 2024 02:18pm

Opinion

Punjab Agricultural Income Tax (Amendment) Bill 2024

The Punjab Agricultural Income Tax (Amendment) Bill 2024 is a significant legislative initiative aimed at ...

Updated 20 Nov, 2024 08:29am

Govt aims to lower tax rates for formal sectors: MoS

ISLAMABAD: Admitting that Pakistan is amongst the countries which has the highest tax rates, Minister of State for...

Updated 20 Nov, 2024 03:17pm

BR Research

MCB banks on high CASA

MCB Bank Limited (MCB), true to its reputation and much to the shareholders’ delight, announced another interim...

Published 28 Oct, 2024 08:51am

Business & Finance

High tax rates, spiraling costs forcing Pakistan’s major companies to pursue the layoff route

KARACHI: High tax rates and spiraling costs have compelled major listed corporations in Pakistan to reduce headcount...

Updated 01 Oct, 2024 02:00pm

Editorials

Tax revenue conundrum

EDITORIAL: As expected, the FBR (Federal Board of Revenue) is falling short of ambitious revenues targets in an...

Updated 09 Sep, 2024 07:47am

In case tax collection shortfall continues: FBR suggests 1pc hike in WHT rates

ISLAMABAD: The Federal Board of Revenue (FBR) has proposed one percent increase in all withholding taxes rates from...

Updated 03 Sep, 2024 09:18am

Traders stick to guns, go on strike as planned

ISLAMABAD: Despite Federal Board of Revenue’s (FBR) assurance to traders’ community to amend the “Tajir Dost Scheme”...

Updated 28 Aug, 2024 05:58pm

FBR to introduce market-level review mechanism

ISLAMABAD: The Federal Board of Revenue (FBR) will introduce a market-level review mechanism having representation...

Updated 28 Aug, 2024 02:54pm

Property deals, salaries, car purchase: FBR notifies change in WHT provisions

New category of late filers has been introduced for persons who are appearing on ATL but have not filed return by the extended due date

Updated 10 Jul, 2024 10:24am

Pakistan

Property transactions: Progressive tax rates announced

ISLAMABAD: The government has announced progressive tax rates on purchases and sales of properties, categorised into...

Published 13 Jun, 2024 03:32am

World

Russia proposes raising extraction tax rates on diamonds, gold, iron ore

MOSCOW: Russia’s finance ministry on Monday proposed increasing mineral extraction rents from next year on ...

Published 04 Jun, 2024 06:28am

Business & Finance

Budget 2024-25: PBC for documenting economy as per Indian model

ISLAMABAD: Pakistan Business Council (PBC) has strongly proposed Finance Minister Muhammad Aurangzeb to implement...

Published 21 May, 2024 03:39am

Govt explains magnitude of SOE burden

Federal Minister for Privatisation says current state of the public sector is unsustainable and contributes to the deterioration in the business environment in the country

Updated 28 Nov, 2023 10:01am

Working out new rates of immovable properties: On Dar’s directive, FBR to hold talks with realtors today

ISLAMABAD: Finance Minister Ishaq Dar Friday directed the Federal Board of Revenue (FBR) to immediately convene a...

Updated 05 Aug, 2023 03:08pm

Sugar import: Cut in tax rates amongst reasons behind huge income tax exemptions cost

ISLAMABAD: The reduction in tax rates including withholding tax on the import of sugar is one of the reasons for...

Updated 12 Jun, 2023 08:43am

Opinion

Slump in industrial production

There is no end to the bad news on the on-going performance of the economy of Pakistan. Now we have been informed by...

Updated 23 May, 2023 06:36am

Govt fails to implement WB-recommended tax reforms

ISLAMABAD: The government has failed to fully implement the World Bank recommended major tax reforms for enhancing...

Updated 20 Apr, 2023 08:35am

Business & Finance

PSMA calls for changes in tax rates for scrap dealers

LAHORE: The Pakistan Steel Melters Association (PSMA) on Sunday said that withholding tax on supply of scrap should...

Published 27 Mar, 2023 06:38am

Business & Finance

SBP lowers FY23 growth forecast

KARACHI: Taking into account the destruction caused by floods and the policy focus on stabilization, the State Bank...

Published 22 Dec, 2022 05:57am

Opinion

Growth takes the cake!

Several economic team leaders throughout the world rely on data manipulation to show a performance that is at odds...

Published 28 Nov, 2022 06:13am

Editorials

The real state of real estate

EDITORIAL: In a recent speech, former Prime Minister (PM) Imran Khan (IK) hit out at the ‘mafias’ in the ...

Published 26 Nov, 2022 04:13am

Tarin criticises govt’s approach to IMF programme

KARACHI: Former finance minister Shaukat Tarin said on Saturday that gas tariffs and tax rates will be increased...

Updated 04 Sep, 2022 09:08am

Presidential Ordinance almost ready: New tax rates under FTS to be notified on Oct 1

ISLAMABAD: The upcoming Presidential Ordinance will notify new tax rates for trades under the fixed tax scheme (FTS)...

Updated 11 Aug, 2022 09:49am

Pakistan

PM Imran announces industrial package with eyes on foreign exchange inflow

Says government's priority is to promote export-oriented industries

Updated 01 Mar, 2022 06:12pm

Business & Finance

Expert suggests reducing tax rates instead of widening tax net

KARACHI: To Increase the “tax net”, Federal Board of Revenue (FBR) should reduce “tax rates” like in Russia...

Updated 13 Feb, 2022 02:19pm

Passage of money bill: Senate panel concerned at ‘after-effects’

ISLAMABAD: The Senate Standing Committee on Finance Wednesday expressed serious concerns over reports that the...

Updated 06 Jan, 2022 09:32am

Business & Finance

‘LCCI can play key role in bringing down tax rates for textile traders’

LAHORE: Tax rate for the textile traders too high that must be brought down and the Lahore Chamber of Commerce &...

Published 30 Nov, 2021 05:23am

BR Research

An interview with Arthur B. Laffer, noted American economist

‘Pakistan needs broad-based, low rate, flat taxes’ Arthur Betz Laffer is an American economist who postulated...

Published 29 Nov, 2021 07:46am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 17	278.60
USD PKR Interbank Buying / Dec 17	278.60
USD to Japanese Yen / Dec 17	153.56
USD to Swiss Franc / Dec 17	0.89
Pound Sterling to USD / Dec 17	1.27
Euro to USD / Dec 17	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
India Sensex / Dec 17	80,684.45
Tokyo Nikkei / Dec 17	39,164.26
Nasdaq / Dec 17	20,109.06
Hang Seng / Dec 17	19,815.30
FTSE 100 / Dec 17	8,195.20
Dow Jones / Dec 17	43,449.90
Germany DAX 30 / Dec 17	20,246.37

Item	Value
Crude Oil USD/Barrel / Dec 17	70.11
Karachi Cotton PKR/37.32 KG / Dec 17	17,585
Gold 10 Grams PKR / Dec 17	241,860
Gold Spot USD/Ounce / Dec 17	2,644.07
Cotton US¢/pound / Dec 17	68.53
Petrol/Litre / Dec 18	252.10

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
Shaheen Ins. / Dec 18 Shaheen Insurance Company Limited(SHNI)	7 ▲ 0.91 (14.94%)
Tri-Star Power / Dec 18 Tri-Star Power Limited(TSPL)	6 ▲ 0.62 (11.52%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.50 ▲ 0.45 (11.11%)
Dadabhoy Cement / Dec 18 Dadabhoy Cement Industries Limited(DBCI)	7.86 ▲ 0.75 (10.55%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Nimir Resins / Dec 18 Nimir Resins Limited(NRSL)	35.16 ▲ 3.20 (10.01%)
Data Agro / Dec 18 Data Agro Limited(DAAG)	139.24 ▲ 12.66 (10.00%)

Stock	Price
Dewan Textile / Dec 18 Dewan Textile Mills Limited(DWTM)	5.67 ▼ -0.77 (-11.96%)
Blue-Ex Ltd / Dec 18 Blue-Ex Limited (GEM)(GEMBLUEX)	37.76 ▼ -4.20 (-10.01%)
Sanghar Sugar / Dec 18 Sanghar Sugar Mills Limited(SANSM)	29.12 ▼ -3.23 (-9.98%)
National Silk / Dec 18 The National Silk & Rayon Mills Limited(NSRM)	50.01 ▼ -5.43 (-9.79%)
Hafiz Ltd. / Dec 18 Hafiz Limited(HAFL)	199 ▼ -20.05 (-9.15%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	736 ▼ -73.76 (-9.11%)
Suhail Jute / Dec 18 Suhail Jute Mills Limited(SUHJ)	51 ▼ -4.95 (-8.85%)
Hoechst Pak. / Dec 18 Hoechst Pakistan Limited(HPL)	2,600 ▼ -250.52 (-8.79%)
Arpak Int. / Dec 18 Arpak International Investments Ltd.(ARPAK)	65.01 ▼ -6.08 (-8.55%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.03
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 1.04
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	58,285,174 ▼ -0.05
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	57,202,972 ▲ 0.40
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▲ 1.04
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 2.47
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▲ 0.52
Hub Power Co. / Dec 18 The Hub Power Company Limited(HUBC)	33,289,968 ▲ 1.86
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	31,365,092 ▲ 0.05

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