Trends - tax to GDP ratio - Business Recorder

tax to GDP ratio

Surcharge on fossil fuels

EDITORIAL: It’s been learnt that one of the key measures under consideration to increase the tax-to-GDP ratio, as...

Updated 17 Nov, 2024 06:07am

FBR assures IMF: Rs12.9trn revenue target will stay intact

Tax collection target of the FBR would not be revised downward for the current fiscal year, sources say

Updated 14 Nov, 2024 02:25pm

FBR will impose new surcharge on fossil fuels

ISLAMABAD: The Federal Board of Revenue (FBR) will impose a new surcharge on fossil fuels to generate additional...

Updated 09 Nov, 2024 02:59pm

Business & Finance

FBR’s efforts to stop tax leakages commendable

LAHORE: The government's recognition and efforts to curb tax evasion across the country are commendable; however,...

Published 01 Nov, 2024 08:08am

Business & Finance

Diversifying portfolio in Pakistan: Minister vows support to ITFC

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb assured his government’s full...

Published 25 Oct, 2024 06:28am

Macroeconomy: Structural challenges persist: SBP

KARACHI: The State Bank of Pakistan (SBP) has said that a host of structural impediments continue to pose challenges...

Updated 18 Oct, 2024 09:24am

Islamabad striving for 13.5pc tax-to-GDP ratio, US told

ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, Thursday, while reiterating the...

Updated 18 Oct, 2024 09:24am

FBR’s ‘speed money scheme’ exposed by Langrial

KARACHI: Rashid Mahmood Langrial, Chairman Federal Board of Revenue (FBR) revealed widespread corruption within FBR...

Updated 17 Oct, 2024 09:13am

Non-filers, CFOs of wealthy units: Pay taxes, avoid input adjustment misuse, says Aurangzeb

ISLAMABAD: The government has warned non-filers and Chief Financial Officers (CFOs) of wealthy manufacturing units...

Updated 11 Oct, 2024 09:17am

Aurangzeb satisfied with Pakistan’s falling inflation

Stresses the need for structural reforms to ensure sustainable stability

Updated 03 Oct, 2024 02:05pm

Opinion

Social sector spending

The Federal Ministry of Finance has released the estimates of poverty-related expenditures for 2022-23. Thanks are...

Published 27 Aug, 2024 06:44am

Business & Finance

Fitch Ratings told: Over 0.15m retailers registered as new taxpayers: Aurangzeb

ISLAMABAD: Finance Minister Muhammad Aurangzeb on Monday said more than 150,000 retailers have been registered as...

Published 23 Jul, 2024 06:34am

Tax-to-GDP ratio in FY24 stands at 9pc: FBR

ISLAMABAD: The Tax-to-GDP ratio stood at 9 percent during 2023-24, according to the Federal Board of Revenue (FBR)...

Updated 09 Jul, 2024 09:03am

After the end of IMF deal: Reforms agenda will be placed before nation: MoS

ISLAMABAD: The government said on Tuesday that after conclusion of an agreement with the International Monetary Fund...

Updated 03 Jul, 2024 09:21am

Editorials

Reinventing the wheel

EDITORIAL: If only the government did half as much work on tax reforms as private institutions do, we would not have...

Published 17 Jun, 2024 05:30am

Senate panel informed: Upto Rs6trn tax leakage taking place annually

Finance Minister Muhammad Aurangzeb says massive tax leakage can be effectively checked through enforcement of tax laws

Updated 14 Jun, 2024 09:26am

Business & Finance

Finalisation of revised summary to cabinet: Deliberations continue on FBR restructuring

ISLAMABAD: The Inter-Ministerial Committee (IMC), headed by caretaker Finance Minister Dr Shamshad Akhtar, continued...

Published 26 Jan, 2024 04:58am

Opinion

Immovable fixed asset valuation and equity formation

We know the influence the IMF brings to bear on central bankers and policy makers in the developing world and we ...

Published 21 Sep, 2023 07:02am

Opinion

Trend in key fiscal ratios

The consistent series of the GDP with one year, 2015-16, has been estimated and released by the PBS from 1999-2000...

Published 27 Jun, 2023 06:15am

Business & Finance

Expert stresses need to increase tax-to-GDP ratio

ISLAMABAD: The government’s decision to increase sales tax rate from 17 to 18 per cent is a temporary measure, as...

Published 13 Mar, 2023 07:37am

Pakistan

Ahsan Iqbal emphasises on exports, investment for Pakistan's economic growth

Federal Minister for Planning and Development Ahsan Iqbal on Saturday said exports, increase in tax revenue and...

Published 20 Aug, 2022 03:58pm

Business & Finance

Economic mess: Pasha offers a solution

LAHORE: Former Federal Finance Minister and renowned economist Dr Hafiz A Pasha has said that promotion of exports,...

Published 19 Aug, 2022 05:57am

FBR projects 9.5pc tax-to-GDP ratio

ISLAMABAD: The Federal Board of Revenue (FBR) has projected the tax-to-gross domestic product (GDP) ratio at 9.5...

Updated 10 Jul, 2022 10:15am

Pakistan

Pakistan hopeful of nearly $2bn inflow after IMF clubs 7th and 8th reviews

At event in Islamabad, PM Shehbaz says assistance from China and IMF will help Pakistan bring investment, and increase export earnings

Updated 28 Jun, 2022 06:17pm

Opinion

Reforming tax system

Tax reform is a policy implementation by the government through which a few alterations are made to the tax system ...

Published 26 May, 2022 05:26am

Business & Finance

Surge in power sector capacity payments ‘haemorrhaging’ government finances: Tarin

Finance minister says government paid Rs850 billion this year alone for electricity which 'we don’t even use'

Updated 17 Mar, 2022 05:37pm

ST rate will be rationalized in ‘due course’: FBR chief

LAHORE: Chairman Federal Board of Revenue (FBR) Dr Muhammad Ashfaq has said that at present, tax-to-GDP ratio is...

Updated 14 Mar, 2022 09:45am

Markets

Despite Covid, Pakistan’s economic fundamentals remained stable, says Baqir

State Bank of Pakistan governor lauds country's performance

Updated 12 Jan, 2022 04:27pm

Pakistan

Govt to inform unregistered taxpayers about their tax liability: Shaukat Tarin

Urges potential taxpayers to start contributing before the FBR reaches them

Published 07 Jan, 2022 10:58pm

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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