Trends - Taxes - Business Recorder

Taxes

A tax framework designed to fail

EDITORIAL: The country’s fundamentally flawed tax system has long undermined the business environment, slowed...

Published about 5 hours ago

Opinion

‘Unconstitutional’ windfall tax–I

Banks have regular windfall income from dealing in foreign currencies – oxymoronic treatment by SRO. 1588(I)/2023...

Published about 5 hours ago

Teachers: federal cabinet restores 25pc income tax rebate

ISLAMABAD: Following intervention of the Federal Tax Ombudsman (FTO), the Federal Cabinet has restored 25 percent...

Updated about 3 hours ago

SLA welcomed: PM hopes there will be no more loans

ISLAMABAD: Following the recent staff-level agreement with the International Monetary Fund (IMF), Prime Minister...

Updated about 3 hours ago

Business & Finance

KATI president recommends reforms to expand tax net

KARACHI: Junaid Naqi, President of the Korangi Association of Trade and Industry (KATI), has recommended that tax...

Published 25 Mar, 2025 06:51am

FY26 Budget proposals: Businesses urge govt to gradually reduce GST rate

Pakistan Business Council recommends reduction in withholding taxes for exporters to minimise impact on cash flow of their business

Updated 25 Mar, 2025 09:30am

Business & Finance

Return filing deadline extended

ISLAMABAD: The Federal Board of Revenue (FBR) has extended date for filing of Sales Tax and Federal Excise return...

Published 25 Mar, 2025 05:37am

Opinion

Cigarette tax myths and realities

A well-orchestrated campaign advocating for reduced cigarette taxes has recently gained momentum, primarily driven ...

Published 24 Mar, 2025 06:33am

Editorials

Barriers to investment in productive sectors

EDITORIAL: Pakistan’s economy direly needs investment in productive sectors in general and exports in particular ...

Published 24 Mar, 2025 06:02am

Business & Finance

PM chairs meeting on performance of FBR

ISLAMABAD: On his return from Saudi Arabia, Prime Minister Muhammad Shehbaz Sharif Saturday chaired a meeting on the...

Published 23 Mar, 2025 05:26am

World Bank likely to approve additional IDA credit to PRR

$70 million in additional investment financing for the Federal Board of Revenue will support its new Transformation Plan

Updated 23 Mar, 2025 10:26pm

Editorials

Stagnation and reform

EDITORIAL: Pakistan’s economy remains mired in stagnation, weighed down by structural inefficiencies and policy...

Published 23 Mar, 2025 05:26am

Business & Finance

Budget FY26: PBF submits proposals to MoF

KARACHI: President of the Pakistan Business Forum (PBF), Khawaja Mahboob Rahman, has submitted budget proposals for...

Published 20 Mar, 2025 08:03am

Editorials

The high cost of punitive taxation

EDITORIAL: The fundamentally flawed nature of the tax regime operational in Pakistan is both well-documented and...

Published 19 Mar, 2025 05:48am

Business & Finance

KTBA urges FBR to extend ST return filing deadline

KARACHI: The Karachi Tax Bar Association (KTBA) has requested the Federal Board of Revenue (FBR) to extend the sales...

Published 19 Mar, 2025 05:36am

Pakistan

‘Late document submission doesn't void self-assessment benefit’

LAHORE: A tax appellate forum has declared that failure on the part of an assessee to submit documents within...

Published 18 Mar, 2025 08:08am

Opinion

Provincial revenue mobilisation

The previous article had focused on the overall fiscal performance of Provincial governments in the first six months...

Published 18 Mar, 2025 07:03am

Editorials

Staff Level Agreement: misplaced optimism?

EDITORIAL: The International Monetary Fund (IMF) on the last day of its first review mission to Pakistan - from 24...

Published 18 Mar, 2025 06:46am

SLA delay: Trust deficit cited as possible cause

ISLAMABAD: The delay in reaching a staff level agreement under the International Monetary Fund’s ongoing Extended...

Updated 18 Mar, 2025 09:29am

Opinion

Policy rate unchanged

The Monetary Policy Committee (MPC), met under the chairmanship of the Governor State Bank of Pakistan (SBP) on 10...

Published 17 Mar, 2025 06:37am

Automated income tax refund system: FBR fails to implement IHC judgement

ISLAMABAD: The Islamabad High Court’s landmark judgment for effective enforcement of an automated income tax refund...

Updated 17 Mar, 2025 08:48am

Incumbent KP govt hasn’t taken any loan, says Gandapur

PESHAWAR: KP Chief Minister of Khyber Pakhtunkhwa, Ali Amin Khan Gandapur has said that over last one year, the...

Updated 17 Mar, 2025 09:46am

Constitution bars double taxation implicitly, lawyer tells apex court

ISLAMABAD: Makhdoom Ali Khan submitted that various judgments of the Supreme Court have restricted the word “fee”...

Updated 15 Mar, 2025 09:44am

Opinion

The dark side of disinflation

“If the price of everything is going down, that’s going to include wages as well. People will have an incentive...

Published 14 Mar, 2025 06:42am

Jul-Feb tax collection falls short of target

Federal Board of Revenue collects Rs7,346 billion during the first eight months

Updated 14 Mar, 2025 04:48pm

Tax system digitalisation: FBR reconstitutes project management team

ISLAMABAD: The Federal Board of Revenue (FBR) has reconstituted a project management team for tax system...

Updated 13 Mar, 2025 08:44am

Sections 4B and 4C of Income Tax law: IHC, LHC ordered to transfer pending ICAs to SC

ISLAMABAD: The Islamabad High Court (IHC) and the Lahore High Court (LHC) were ordered to transfer pending...

Updated 13 Mar, 2025 08:44am

Opinion

Fiscal performance of provincial govts

The information on fiscal operations by the four provincial governments in the first half of 2024-25 has been...

Updated 11 Mar, 2025 06:02am

Editorials

Inequitable as well as unsustainable

EDITORIAL: The latest tax collection data confirms the uncomfortable truth that Pakistan’s salaried class is...

Updated 10 Mar, 2025 06:17am

Editorials

One-year achievements

EDITORIAL: Prime Minister Shehbaz Sharif highlighted his government’s one-year achievements though he hastened to...

Updated 10 Mar, 2025 06:16am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 27	280.28
USD PKR Interbank Buying / Mar 27	280.08
USD to Japanese Yen / Mar 27	150.82
USD to Swiss Franc / Mar 27	0.88
Pound Sterling to USD / Mar 27	1.29
Euro to USD / Mar 27	1.08
UK LIBOR % / Mar 27	4.96

Stock	Volume
S&P 500 / Mar 27	5,693.31
India Sensex / Mar 27	77,517.93
Tokyo Nikkei / Mar 27	37,024.33
Nasdaq / Mar 27	17,804.03
Hang Seng / Mar 27	23,362.68
FTSE 100 / Mar 27	8,666.12
Dow Jones / Mar 27	42,299.70
Germany DAX 30 / Mar 27	22,678.74
France CAC40 / Mar 27	7,990.11

Item	Value
Crude Oil USD/Barrel / Mar 27	69.95
Karachi Cotton PKR/37.32 KG / Mar 27	17,085
Gold 10 Grams PKR / Mar 27	275,205
Gold Spot USD/Ounce / Mar 27	3,074.34
Cotton US¢/pound / Mar 27	66.63
Petrol/Litre / Mar 28	255.63
Diesel/Litre / Mar 28	258.64

Gainers
Losers
Leaders

Stock	Price
Mughal Iron & Steel (R) / Mar 27 Mughal Iron & Steel Industries Limited (R)(MUGHALR2)	4.01 ▲ 1 (33.22%)
Parmount Sp. / Mar 27 Paramount Spinning Mills Limited(PASM)	4.10 ▲ 0.59 (16.81%)
Shaheen Ins. / Mar 27 Shaheen Insurance Company Limited(SHNI)	7.50 ▲ 0.97 (14.85%)
Popular Islamic / Mar 27 Popular Islamic Modaraba(PIM)	15.02 ▲ 1.37 (10.04%)
Diamond Ind. / Mar 27 Diamond Industries Limited(DIIL)	33.83 ▲ 3.08 (10.02%)
Sardar Chemical / Mar 27 Sardar Chemical Industries Limited(SARC)	35.95 ▲ 3.27 (10.01%)
J.K.Spinning / Mar 27 J.K. Spinning Mills Limited(JKSM)	69.58 ▲ 6.33 (10.01%)
Data Agro / Mar 27 Data Agro Limited(DAAG)	106.28 ▲ 9.66 (10%)
Leiner Pak Gelat / Mar 27 Leiner Pak Gelatine Limited(LPGL)	121.88 ▲ 11.08 (10%)
Allawasaya Tex / Mar 27 Allawasaya Tex. & Finishing Mills Ltd(AWTX)	1,429.95 ▲ 130 (10%)

Stock	Price
Arif Habib Corp / Mar 27 Arif Habib Corporation Limited(AHCL)	11.60 ▼ -98.09 (-89.42%)
Elahi Cot. / Mar 27 Elahi Cotton Mills Limited(ELCM)	135.93 ▼ -15.1 (-10%)
Khalid Siraj / Mar 27 Khalid Siraj Textile Mills Limited(KSTM)	8.03 ▼ -0.87 (-9.78%)
PIA Holding Co.B / Mar 27 PIA Holding Company Limited B(PIAHCLB)	874.01 ▼ -93.68 (-9.68%)
Saritow Spinning / Mar 27 Saritow Spinning Mills Limited(SSML)	18.90 ▼ -1.75 (-8.47%)
Cordoba Logistics / Mar 27 Cordoba Logistics & Ventures Limited(CLVL)	12.61 ▼ -1.15 (-8.36%)
Sally Textile / Mar 27 Sally Textile Mills Limited(SLYT)	11.01 ▼ -0.99 (-8.25%)
Masood Textile / Mar 27 Masood Textile Mills Limited(MSOT)	49.06 ▼ -4.27 (-8.01%)
Universal Ins. / Mar 27 The Universal Insurance Company Limited(UVIC)	9.57 ▼ -0.73 (-7.09%)
Al-Khair Gadoon / Mar 27 Al-Khair Gadoon Limited(AKGL)	42 ▼ -3.1 (-6.87%)

Stock	Volume
Cnergyico PK / Mar 27 Cnergyico PK Limited(CNERGY)	45,325,056 ▲ 0.31
Pak Elektron / Mar 27 Pak Elektron Limited(PAEL)	29,179,304 ▲ 0.67
P.S.O. / Mar 27 Pakistan State Oil Company Limited(PSO)	26,879,128 ▲ 1.58
Arif Habib Corp / Mar 27 Arif Habib Corporation Limited(AHCL)	20,499,919 ▼ -98.09
WorldCall Telecom / Mar 27 Worldcall Telecom Limited(WTL)	16,191,931 ▼ -0.03
B.O.Punjab / Mar 27 The Bank of Punjab(BOP)	16,148,304 ▼ -0.2
Pak Petroleum / Mar 27 Pakistan Petroleum Limited(PPL)	15,934,134 ▼ -1.85
Engro Fert. / Mar 27 Engro Fertilizers Limited(EFERT)	14,419,464 ▲ 0.5
Fauji Cement / Mar 27 Fauji Cement Company Limited(FCCL)	14,194,696 ▲ 0.53
Maple Leaf Cement / Mar 27 Maple Leaf Cement Factory Limited(MLCF)	11,282,647 ▲ 0.09

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