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tax returns

Use of software/programme: Payment is business income, not royalty: SC

ISLAMABAD: The Supreme Court of Pakistan, while exercising its review jurisdiction, has held that the...

Published 13 Dec, 2024 06:29am

Business & Finance

Tax dept misuses authority: Automatic audit selection under fire

LAHORE: The tax department’s automatic selection of tax returns for audit has come under scrutiny, with critics...

Updated 02 Nov, 2024 07:04am

FBR receives 4.821m tax returns up to Oct 26th

ISLAMABAD: The Federal Board of Revenue (FBR) has received 4.821 million income tax returns for Tax Year 2024 up to...

Updated 27 Oct, 2024 11:14am

Tax returns filed by CFOs: FBR lifts affidavit filing condition

ISLAMABAD: The Federal Board of Revenue (FBR) has withdrawn a major condition of filing of affidavits (tax period...

Updated 18 Oct, 2024 09:25am

Rs87bn short of target: Q1 collection stands at Rs2.452trn

ISLAMABAD: Despite taxation measures of Rs 1,800 billion in the budget (2024-25), the Federal Board of Revenue (FBR)...

Updated 01 Oct, 2024 08:52am

Conditions for GST payment, tax returns relaxed

ISLAMABAD: The Federal Board of Revenue (FBR) has relaxed conditions for sales taxpayers and requirement to file...

Updated 02 Aug, 2024 09:45am

Opinion

210,000 SIM cards blocked

According to a Business Recorder news item “Non-filers: 210,000 SIM cards blocked” carried by the newspaper...

Published 06 Jul, 2024 06:48am

Business & Finance

PRA to bring unregistered architect firms into tax net

LAHORE: The Punjab Revenue Authority (PRA) has launched an initiative to bring unregistered architect firms in ...

Published 25 May, 2024 05:55am

Editorials

FBR must stop leaning on crutches

EDITORIAL: In a fresh indicator of the Federal Board of Revenue’s (FBR’s) utter inability to carry out its basic job...

Published 17 May, 2024 05:50am

Business & Finance

Comprehensive measures in progress to enhance tax net: FBR official

PESHAWAR: Chief Commissioner (Inland Revenue) Regional Tax Office (RTO) Peshawar, Zafar Iqbal Khan has said that in...

Published 05 Apr, 2024 04:50am

Beneficial owners of companies: PTBA urges FBR to extend deadline

ISLAMABAD: The Pakistan Tax Bar Association (PTBA) has approached the Federal Board of Revenue (FBR) to extend date...

Updated 30 Dec, 2023 10:12am

‘Notices to deceased persons’: PTBA urges FBR to upgrade its system

ISLAMABAD: Pakistan Tax Bar Association of Pakistan (PTBA) has asked Federal Board of Revenue (FBR) to upgrade its...

Published 28 Dec, 2023 04:52am

Nod from IR Commissioner not needed: Tax returns can be revised within 60 days: FBR

ISLAMABAD: The Federal Board of Revenue (FBR) has clarified that the FBR system is allowing taxpayers to revise...

Updated 08 Nov, 2023 10:04am

Business & Finance

FBR confirms tax return filing deadline extended by 1 month

The Federal Board of Revenue (FBR) on Saturday said the date of date of filing income tax returns for Tax Year 2023...

Published 30 Sep, 2023 11:54pm

Business & Finance

FBR should provide 90 days for submission of tax returns: PTBA

LAHORE: The Pakistan Tax Bar Association (PTBA) has demanded that the chairman of the Federal Board of Revenue ...

Published 29 Sep, 2023 06:24am

Business & Finance

KTBA complains about ‘problematic’ IRIS portal

KARACHI: Taxpayers are still facing difficulties in complying with tax filing requirements due to persistent issues...

Updated 07 Sep, 2023 06:46am

Business & Finance

PTBA points out multiple errors & glitches in IRIS portal

LAHORE: The Pakistan Tax Bar Association (PTBA) has pointed out multiple errors and glitches in the online filing of...

Published 07 Sep, 2023 06:21am

PTBA asks FBR to take notice of sudden change in IRIS module

LAHORE: Pakistan Tax Bar Association (PTBA) leadership has urged Chairman Federal Board of Revenue (FBR) to look...

Updated 04 Sep, 2023 09:37am

CCP analysis on SME sector: ‘Complex regulatory regime pushes up cost of doing business’

ISLAMABAD: The Competition Commission of Pakistan (CCP) has declared that the complex regulatory regime has created...

Updated 16 Jul, 2023 09:22am

Income tax: Govt likely to introduce e-assessment scheme

ISLAMABAD: The government is likely to introduce an electronic-assessment scheme in the budget (2023-24) to conduct...

Updated 28 May, 2023 09:58am

Business & Finance

Tax officials accused of ignoring rules while charging WWF out of audit proceedings

LAHORE: The tax authorities are accused of ignoring the condition of passing a written order while dealing with...

Published 28 Apr, 2023 06:08am

Pakistan

Records seized: SRB raids club for recovery of SST dues

KARACHI: Sindh Revenue Board (SRB) has carried out a raid on a luxurious club located in a posh area of Karachi. The...

Published 24 Mar, 2023 05:55am

Business & Finance

SST amounts, returns: SRB extends deadlines

KARACHI: Sindh Revenue Board (SRB) has extended the date of e-depositing the amounts of Sindh Sales Tax (SST) and...

Published 15 Mar, 2023 07:07am

Business & Finance

‘Taxpayers’ Satisfaction Survey (2023)’ 53pc of businesspeople file tax returns without any help

ISLAMABAD: Around 53 percent of business community has filed their annual income tax returns without any help from...

Updated 11 Mar, 2023 08:52am

Business & Finance

SHC dismisses petitions challenging tax on foreign assets

ISLAMABAD: The Sindh High Court (SHC) has dismissed the petitions challenging the levy of tax on foreign assets of a...

Updated 01 Jan, 2023 10:09am

Opinion

PARTLY FACETIOUS: A case of assets beyond means?

“So now what?” “So now shut up about Dar sahib’s case of assets beyond means.” “I thought he said...

Published 16 Nov, 2022 05:50am

Business & Finance

FBR urges LCCI members to submit tax returns on time

LAHORE: The Federal Board of Revenue has urged the Lahore Chamber of Commerce and Industry (LCCI) to ask its members...

Published 12 Nov, 2022 05:55am

Senate body members accuse FBR of harassing people

ISLAMABAD: Members of the Senate Standing Committee on Finance have accused the Federal Board of Revenue (FBR) of...

Updated 12 Nov, 2022 09:35am

Business & Finance

Tax returns: KCCI seeks extension in last date

KARACHI: The president of Karachi Chamber of Commerce & Industry (KCCI) Mohammed Tariq Yousuf has requested the...

Published 30 Oct, 2022 03:57am

Pakistan

Non-compliance allegation: SRB seals restaurant over sales tax returns

KARACHI: Sindh Revenue Board (SRB) on Friday sealed a restaurant located in the posh area of Clifton, Karachi,...

Published 14 May, 2022 04:05am

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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