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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 / 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
Dadabhoy Cement / Dec 18 Dadabhoy Cement Industries Limited(DBCI)	7.94 ▲ 0.83 (11.67%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.50 ▲ 0.45 (11.11%)
Data Agro / Dec 18 Data Agro Limited(DAAG)	139.24 ▲ 12.66 (10.00%)
Masood Textile / Dec 18 Masood Textile Mills Limited(MSOT)	55 ▲ 5.00 (10.00%)
Pak Datacom / Dec 18 Pak Datacom Limited(PAKD)	103.94 ▲ 9.45 (10.00%)
B.R.R. Guardian / Dec 18 B.R.R. Guardian Limited(BRRG)	21.24 ▲ 1.93 (9.99%)
LSE Financial Serv. / Dec 18 LSE Financial Services Limited(LSEFSL)	20.15 ▲ 1.83 (9.99%)
Sana Ind / Dec 18 Sana Industries Limited(SNAI)	36.89 ▲ 3.35 (9.99%)
Shadab Textile / Dec 18 Shadab Textile Mills Limited(SHDT)	25.45 ▲ 2.31 (9.98%)

Stock	Price
Askari Life Assur. / Dec 18 Askari Life Assurance Company Limited(ALAC)	5 ▼ -0.70 (-12.28%)
Blue-Ex Ltd / Dec 18 Blue-Ex Limited (GEM)(GEMBLUEX)	37.76 ▼ -4.20 (-10.01%)
Olympia Mills / Dec 18 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Service Textile / Dec 18 Service Industries Textiles Limited(SERT)	11.31 ▼ -1.22 (-9.74%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	737 ▼ -72.76 (-8.99%)
GOC (Pak) / Dec 18 GOC (Pak) Limited.(GOC)	66.10 ▼ -5.97 (-8.28%)
Gammon Pak / Dec 18 Gammon Pakistan Limited(GAMON)	50 ▼ -3.27 (-6.14%)
Bank of Khyber / Dec 18 The Bank of Khyber(BOK)	13.03 ▼ -0.82 (-5.92%)
EMCO Industries / Dec 18 Emco Industries Limited(EMCO)	33 ▼ -2.00 (-5.71%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▲ 0.02
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 1.54
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	58,285,174 ▼ -0.01
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	57,202,972 ▲ 0.11
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▲ 1.63
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 2.92
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▲ 0.49
Hub Power Co. / Dec 18 The Hub Power Company Limited(HUBC)	33,289,968 ▲ 2.62
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	31,365,092 ▲ 0.09

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