Trends - tax recovery - Business Recorder

tax recovery

Recovery of taxes: AGP unearths Rs737.868bn irregularities

ISLAMABAD: The Auditor General of Pakistan (AGP) has unearthed financial and procedural irregularities to the tune ...

Published 05 Sep, 2024 06:19am

Pakistan

President confirms FTO’s order against FBR’s ‘coercive measures’

ISLAMABAD: President Asif Ali Zardari has confirmed a landmark order issued by Federal Tax Ombudsman (FTO), who has...

Published 02 Sep, 2024 06:40am

Business & Finance

Tax dept can’t reject advance tax estimates filed by taxpayer

LAHORE: A taxpayer company has challenged unwarranted recovery of advance tax by the tax department, saying that the...

Published 11 Jul, 2024 06:13am

FBR to issue uniform tax recovery rules in budget

ISLAMABAD: The Federal Board of Revenue (FBR) will issue uniform sales tax, income tax and federal excise recovery...

Updated 23 May, 2024 09:16am

Swapping issue: Rs100bn FBR notice perplexes beleaguered SNGPL

ISLAMABAD: Federal Board of Revenue (FBR) is said to have put Sui Northern Gas Pipeline Limited (SNGPL) under...

Updated 29 Feb, 2024 08:50am

Recovery from Discos thru account attachments: IHC seeks names of LTO officers

ISLAMABAD: The Islamabad High Court (IHC) has taken serious notice of the persistent breach of its orders in the...

Updated 26 Feb, 2024 09:04am

Pakistan

IHC’s restrictions impeding tax recovery efforts in Islamabad?

KARACHI: The field formations of the Federal Board of Revenue (FBR) are facing difficulties in executing tax ...

Published 15 Feb, 2024 05:39am

Business & Finance

Coercive steps against taxpayers: probe ordered

ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to investigate all cases...

Updated 10 Jan, 2024 09:00am

Business & Finance

LTO crosses Rs1trn mark in six months

KARACHI: The Large Taxpayers Office (LTO) has set a new benchmark for tax collection by crossing Rs 1 trillion mark...

Published 04 Jan, 2024 05:41am

FTO summons FBR officials for ignoring tax-related queries

Islamabad: The Federal Tax Ombudsman (FTO) has summoned Member Inland Revenue (Operations) Federal Board of Revenue...

Updated 23 Oct, 2023 09:03am

Pakistan

Violation of order: IHC summons Member Legal FBR

ISLAMABAD: Islamabad High Court (IHC) has summoned Member (Legal) Federal Board of Revenue (FBR) to appear in person...

Published 02 Oct, 2023 06:33am

Markets

Anti-power theft crackdown: ‘real payoff’ to become measurable from next month, says PD

Power Division secretary says the amount recovered has crossed Rs7.9 billion, while 2,301 persons have been arrested

Updated 23 Sep, 2023 08:44pm

Editorials

About time

EDITORIAL: It’s no surprise that the “massive recovery drive against tax defaulters” has identified the usual...

Published 17 Sep, 2023 06:05am

Non-recovery of tax demands from China-based co: FTO summons FBR officials to explain reasons

ISLAMABAD: The Federal Tax Ombudsman (FTO) has summoned member operations, Federal Board of Revenue (FBR), chief...

Updated 24 Aug, 2023 08:59am

Without recovery notice: ATIR allows admission of fresh stay applications

KARACHI: Appeals Tribunal Inland Revenue (ATIR) has now allowed the admission of fresh stay applications without...

Updated 19 Aug, 2023 08:44am

Business & Finance

Unchallenged income tax demands: FTO orders probe against FBR officials for delay in recovery

ISLAMABAD: The Federal Tax Ombudsman (FTO) has ordered to conduct an investigation against senior officials of the...

Published 27 Jul, 2023 06:26am

Business & Finance

FTO exposes ‘illegal’ tax recovery by FBR

ISLAMABAD: Federal Tax Ombudsman (FTO) has exposed an illegal tax recovery by the Federal Board of Revenue (FBR)...

Published 22 Jul, 2023 06:06am

Business & Finance

Unlawful tax recovery from Iesco: FTO orders probe against officials of LTO Islamabad

ISLAMABAD: The Federal Tax Ombudsman (FTO) has ordered an investigation against the tax officials of the Large...

Published 02 Jun, 2023 03:56am

Over 200 super rich people in Karachi: Recovery proceedings initiated

ISLAMABAD: The government has initiated recovery proceedings against over 200 super-rich people of Karachi, who were...

Updated 18 Mar, 2023 02:08pm

Business & Finance

Zero rating facility: Meter manufacturers object to issuance of tax notices by FBR

LAHORE: Field formations of the Federal Board of Revenue (FBR) are found issuing tax recovery notices to the...

Published 12 Jan, 2023 05:51am

Business & Finance

KTBA concerned at tax recovery notices

KARACHI: Karachi Tax Bar Association (KTBA) has expressed concerns over tax recovery notices. In a letter sent to...

Published 28 Dec, 2022 04:12am

Business & Finance

‘Released’ consignments: Customs Adjudication can’t recover short levy, tax: SHC

ISLAMABAD: The Sindh High Court (SHC), Tuesday, declared that the officers of the Collectorate of Customs...

Updated 30 Nov, 2022 09:57am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 17	278.75
USD PKR Interbank Buying / Jan 17	278.65
USD to Japanese Yen / Jan 17	156.30
USD to Swiss Franc / Jan 17	0.92
Pound Sterling to USD / Jan 17	1.22
Euro to USD / Jan 17	1.03

Stock	Volume
S&P 500 / Jan 17	5,996.66
India Sensex / Jan 17	76,619.33
Tokyo Nikkei / Jan 17	38,451.46
Nasdaq / Jan 17	19,630.20
Hang Seng / Jan 17	19,584.06
FTSE 100 / Jan 17	8,505.22
Dow Jones / Jan 17	43,487.83
Germany DAX 30 / Jan 17	20,903.39

Item	Value
Crude Oil USD/Barrel / Jan 17	78.88
Karachi Cotton PKR/37.32 KG / Jan 17	18,785
Gold 10 Grams PKR / Jan 17	242,283
Gold Spot USD/Ounce / Jan 17	2,703.25
Cotton US¢/pound / Jan 17	67.60
Petrol/Litre / Jan 18	256.13

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 17 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.60 ▲ 1.00 (15.15%)
S.G.Power / Jan 17 S.G. Power Limited(SGPL)	9.51 ▲ 1.00 (11.75%)
Jahangir Sidd(Pref) / Jan 17 Jahangir Sidd(Pref)(JSCLPSA)	10.50 ▲ 1.00 (10.53%)
AN Textile Mill / Jan 17 AN Textile Mills Limited(ANTM)	12.82 ▲ 1.17 (10.04%)
Jah.Sidd. Co. / Jan 17 Jahangir Siddiqui & Co. Ltd.(JSCL)	23.62 ▲ 2.15 (10.01%)
Agritech Non-voting / Jan 17 Agritech Non-Voting Preference(AGLNCPS)	24.20 ▲ 2.20 (10.00%)
Arif Habib Ltd. / Jan 17 Arif Habib Limited(AHL)	66.21 ▲ 6.02 (10.00%)
Bilal Fibres / Jan 17 Bilal Fibres Limited(BILF)	15.95 ▲ 1.45 (10.00%)
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	77.09 ▲ 7.01 (10.00%)

Stock	Price
JS Global Banking / Jan 17 JS Global Banking Sector (ETF)(JSGBETF)	19.77 ▼ -2.75 (-12.21%)
First Capital Equities / Jan 17 First Capital Equities Limited(FCEL)	5.35 ▼ -0.72 (-11.86%)
Tariq Corp.Pref. / Jan 17 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7 ▼ -0.88 (-11.17%)
Service Textile / Jan 17 Service Industries Textiles Limited(SERT)	14.98 ▼ -1.66 (-9.98%)
Gulshan Sp. / Jan 17 Gulshan Spinning Mills Limited(GSPM)	4.01 ▼ -0.43 (-9.68%)
Zahid Jee Textile / Jan 17 Zahidjee Textile Mills Limited(ZAHID)	27.51 ▼ -2.70 (-8.94%)
Mandviwala / Jan 17 Mandviwala Mauser Plastic Industries(MWMP)	21.50 ▼ -2.00 (-8.51%)
Universal Ins. / Jan 17 The Universal Insurance Company Limited(UVIC)	9.23 ▼ -0.65 (-6.58%)
Tata Textile / Jan 17 Tata Textile Mills Limited(TATM)	47.10 ▼ -2.80 (-5.61%)

Stock	Volume
WorldCall Telecom / Jan 17 Worldcall Telecom Limited(WTL)	103,704,415 ▲ 0.01
Cnergyico PK / Jan 17 Cnergyico PK Limited(CNERGY)	37,108,232 ▲ 0.04
Hub Power Co. / Jan 17 The Hub Power Company Limited(HUBC)	36,743,585 ▲ 5.79
Hascol Petrol / Jan 17 Hascol Petroleum Limited(HASCOL)	32,265,861 ▲ 0.83
Dewan Motors / Jan 17 Dewan Farooque Motors Limited(DFML)	28,402,498 ▲ 2.84
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	24,195,904 ▲ 7.01
Pak Refinery / Jan 17 Pakistan Refinery Limited(PRL)	17,625,081 ▲ 0.94
Fauji Foods Ltd / Jan 17 Fauji Foods Limited(FFL)	16,675,539 ▲ 0.30
K-Electric Ltd. / Jan 17 K-Electric Limited(KEL)	16,024,776 ▲ 0.09

Markets →

Budget 2024-25: income tax calculator for FY25

tax recovery

Most Popular