Trends - taxation system - Business Recorder

taxation system

$500mn earned through export of surplus sugar, says PM Shehbaz

Premier calls for measures to improve taxation system

Updated 05 Dec, 2024 11:02pm

Markets

National Tax Council meets to discuss tax reforms, harmonisation

Meeting's agenda focuses on fostering collaboration between federal, provincial authorities to enhance tax systems, improve compliance, and boost revenue collection, Finance Division says

Updated 04 Dec, 2024 10:35pm

Editorials

The case for dedicated tax benches

EDITORIAL: The Chief Justice of Pakistan’s proposal to establish dedicated benches for tax-related cases is a...

Updated 03 Dec, 2024 06:43am

Markets

PM Shehbaz urges FBR to use technology to improve revenue collection

Premier seeks roadmap for reconstruction of Pakistan Revenue Automation Limited

Updated 24 Oct, 2024 11:47pm

BR Research

HBL marches on steadily

Pakistan’s largest commercial bank, HBL delivered another strong quarter, registering record 9M profits. Pretax...

Published 22 Oct, 2024 06:45am

Opinion

Squeezing lemons: the fallout of lazy reforms

The government is resorting to lazy reforms, putting pressure on the known and compliant while ignoring systemic...

Published 21 Oct, 2024 06:44am

CTO actions undermine taxation system’s integrity: ATIR

ISLAMABAD: Appellate Tribunal Inland Revenue Islamabad (ATIR) has declared that actions by the Corporate Tax Office...

Updated 25 Jul, 2024 09:56am

Business & Finance

LCCI says has reservations over FBR’s ‘Tajir Dost’ plan

LAHORE: President Lahore Chamber of Commerce and Industry Kashif Anwar has said that business friendly taxation...

Published 28 Mar, 2024 06:25am

Markets

LCI’s profit-after-tax jumps 88% in Oct-Dec

Lucky Core Industries Limited (LCI) saw its profit-after-tax (PAT) jump by around 88% to Rs2.502 billion in the...

Updated 25 Jan, 2024 10:01pm

Reforms in taxation system demanded

PESHAWAR: Members of the business community demanded reforms in the taxation system, and to bring down the ratio of...

Updated 22 Jan, 2024 08:55am

PM terms energy sector a ‘nightmare’

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq has described the energy sector as a nightmare for the country...

Updated 13 Dec, 2023 09:24am

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

Business & Finance

Govt urged to simplify taxation system

PESHAWAR: Sarhad Chamber of Commerce and Industry acting president Ijaz Khan Afridi urged the government and Federal...

Published 18 Sep, 2023 06:32am

Business & Finance

RRMC chief advocates major surgery in taxation system

ISLAMABAD: State Minister and Chairman of Reforms and Resource Mobilisation Commission (RRMC), Ashfaq Tola, said...

Published 08 Jun, 2023 06:30am

Opinion

‘Resilience, helplessness or loss of trust?’

This is apropos a Business Recorder op-ed ‘Resilience, helplessness or loss of trust?’ carried by the newspaper...

Published 15 Apr, 2023 06:19am

Importance of ‘RRMC’ in taxation issues highlighted

ISLAMABAD: The government has highlighted the importance of the Reforms and Resource Mobilisation Commission (RRMC)...

Updated 21 Jan, 2023 08:49am

Opinion

Debt, inequality and austerity

‘In most western countries, inequality is rising, and social mobility has stalled. Our citizens are losing...

Published 20 Jan, 2023 06:44am

Opinion

‘FBR: dismal income tax collection’

This is apropos a Business Recorder op-ed “FBR: dismal income tax collection” carried by the newspaper on Nov ...

Published 16 Nov, 2022 05:50am

Business & Finance

FBR to develop model on avoidance of double taxation

ISLAMABAD: The Federal Board of Revenue (FBR) will develop a model for the Avoidance of Double Taxation convention ...

Published 23 Sep, 2022 07:17am

Opinion

Boosting national economy for autarky

Prime Minister Shehbaz Sharif has rightly remarked recently “Till when we would keep on going with a begging bowl?”...

Published 20 Jul, 2022 05:48am

Business & Finance

Rs7.4trn FY23 target: Tola urges govt to ‘streamline’ taxation system

LAHORE: Leading tax expert Ashfaq Tola has urged the government to streamline its taxation system to attain a tax...

Published 30 Jun, 2022 06:07am

GST at standard rate of 17pc: ‘Unpopular’ and ‘politically tough’ decisions taken, says FBR

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Dr Muhammad Ashfaq Ahmed said Friday that the government took...

Updated 01 Jan, 2022 12:18pm

Business & Finance

Federal Budget 2021-22: Comments & Observations

General Comments: The Budget Presented on Friday [June 11, 2021] is one of the best documents presented in almost...

Published 14 Jun, 2021 03:39am

Opinion

We seem to have no understanding of what ails our taxation system — III

Introduction This is the third part of a series of articles on the subject ‘We seem to have no understanding of...

Published 11 Jun, 2021 03:41am

Opinion

We seem to have no understanding of what ails our taxation system — II

• Reducing tax collection reliance at import stage INTRODUCTION In my article published in this newspaper on ...

Published 08 Jun, 2021 04:09am

Taxation system: FPCCI moves SC

ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has filed human rights application...

Published 05 Jun, 2021 04:08am

Opinion

We seem to have no understanding of what ails our taxation system

Introduction I never wanted to write the following article for the simple reason that there isn’t anything good ...

Published 02 Jun, 2021 04:29am

Business & Finance

PIAF for reforming tax system in consultation with real stakeholders

LAHORE: The Pakistan Industrial and Traders Association Front (PIAF) stressed the need for reforming and simplifying...

Published 13 May, 2021 03:10am

Business & Finance

Taxation system: FPCCI to discuss significant changes today

ISLAMABAD: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) will discuss significant fundamental...

Updated 30 Apr, 2021 10:30am

Opinion

Correction or collection?

The Pakistan Tehrik-e-Insaf (PTI) government is trapped in the dilemma of ‘correction or collection’ especially...

Published 13 Apr, 2021 04:31am

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

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Budget 2024-25: income tax calculator for FY25

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