Trends - Taxes - Business Recorder

Taxes

Un-registered rich people: FBR finalises plan to take action

ISLAMABAD: Following directive of Prime Minister Shehbaz Sharif, the Federal Board of Revenue (FBR) has finalised an...

Updated 21 Nov, 2024 02:37pm

Govt aims to lower tax rates for formal sectors: MoS

ISLAMABAD: Admitting that Pakistan is amongst the countries which has the highest tax rates, Minister of State for...

Updated 20 Nov, 2024 03:17pm

Editorials

The Finance Minister’s defence

EDITORIAL: Finance Minister Muhammad Aurangzeb during his press briefing on Sunday appreciated the efforts towards...

Published 19 Nov, 2024 06:53am

PM for accelerating action against tax defaulters

ISLAMABAD: Expressing satisfaction over the nose-diving inflation rate in the country, Prime Minister Shehbaz Sharif...

Updated 19 Nov, 2024 08:56am

Business & Finance

PTBA urges CJP to help resolve high-profile pending tax matters

KARACHI: The Pakistan Tax Bar Association (PTBA) has formally approached the newly appointed Chief Justice of...

Published 17 Nov, 2024 05:51am

Business & Finance

PRA tightens grip on wedding halls, event complexes

LAHORE: The Punjab Revenue Authority (PRA) has tightened its grip on wedding halls and event complexes in Lahore by...

Published 17 Nov, 2024 05:10am

Business & Finance

Former Senior VP FPCCI underscores need for urgent tax reforms

KARACHI: Syed Mazhar Ali Nasir,former Senior Vice President of the Federation of Chambers of Commerce and Industry...

Published 17 Nov, 2024 05:10am

Editorials

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

Business & Finance

‘Recent tax shortfall should be addressed without imposing additional burdens’

LAHORE: “In light of the tremendous challenges faced by our citizens, who have endured a staggering 60% inflation...

Published 16 Nov, 2024 07:26am

IMF-govt talks conclude

ISLAMABAD: Pakistan and the International Monetary Fund (IMF) on Friday concluded the five-day talks with a...

Updated 16 Nov, 2024 03:04pm

NFP, agri tax review: Provincial govts to face IMF scrutiny today

ISLAMABAD: The International Monetary Fund (IMF) team is set to question the provincial governments on Friday (Nov...

Updated 15 Nov, 2024 09:20am

Business & Finance

Appeal system becomes dysfunctional: Uncertainty surrounds Rs2.7trn tax litigations: PTBA

KARACHI: The country’s tax appeal system has fallen into “dysfunction” phase six months after major reforms were...

Updated 15 Nov, 2024 09:23am

FBR introduces new payment creation system

ISLAMABAD: The Federal Board of Revenue (FBR) introduced the New Payment Creation System, an advanced platform...

Updated 14 Nov, 2024 09:26am

Opinion

No surprise in the surprise visit

The only surprise in the IMF team’s surprise visit to Pakistan this week was that it took the trouble to jolt the...

Updated 14 Nov, 2024 07:15am

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

Opinion

Retaining export competitiveness through traceability

Traceability has become essential in the modern textile supply chain as buyers increasingly demand transparency,...

Published 13 Nov, 2024 07:25am

Opinion

Tobacco taxes – treaties, tensions, and trends

Pakistan faces a pressing need for a sustainable tobacco taxation policy, particularly as tobacco use imposes severe...

Published 13 Nov, 2024 07:15am

FBR tells IMF: No need for contingency revenue measures

However, one proposal to impose lower rate of sales tax between 5 to 7 percent on petroleum products under examination

Updated 13 Nov, 2024 10:49am

BR Research

ADR financing: undermining monetary policy?

Commercial banks are on a lending spree—not due to excess liquidity or a dramatic economic turnaround, but because...

Published 12 Nov, 2024 08:41am

PD misses SIFC deadline to resolve issues facing oil refineries

ISLAMABAD: The Petroleum Division could not address oil refineries obstacles by November 10th, as mandated by the...

Updated 12 Nov, 2024 02:35pm

Opinion

Go beyond the Fund advice

Monetary Policy Committee (MPC) met under the chairmanship of Jameel Ahmed, Governor of State Bank of Pakistan (SBP)...

Updated 11 Nov, 2024 07:17am

Business & Finance

Sales tax returns: KCCI demands suspension of affidavit requirement

KARACHI: President Karachi Chamber of Commerce and Industry (KCCI) Muhammad Jawed Bilwani, while vehemently...

Published 11 Nov, 2024 06:03am

WHT’s share in collection of direct taxes stands at 60pc

ISLAMABAD: The Federal Board of Revenue (FBR) has claimed that the share of withholding taxes stood at 60 percent in...

Updated 11 Nov, 2024 08:56am

Pakistan

K-Electric: ‘Tax being forcibly extracted from Karachi residents’

KARACHI: Saifuddin advocate, Leader of the Opposition in KMC and Deputy Emir of Jamaat-e-Islami Karachi, expressed...

Published 09 Nov, 2024 08:04am

Govt will go for privatisation of PIA again: Aurangzeb

ISLAMABAD: Federal Minister for Finance Muhammad Aurangzeb, while admitting trust and credibility deficit with the...

Updated 09 Nov, 2024 07:11pm

Tax exemptions in FY24 amounted to Rs3.8trn: FBR

Report by FBR shows Income Tax expenditure was Rs 476.96 billion (6.66 percent of FBR’s collection, 12.30 percent of total expenditure and 0.57 percent of GDP)

Updated 08 Nov, 2024 09:58am

Tax-to-GDP ratio drastically down in 2023-24

ISLAMABAD: The Tax-to-Gross Domestic Product (GDP) ratio drastically decreased from 9.22 percent in 2021-22 to 8.77...

Updated 08 Nov, 2024 09:41am

15 sectors contribute 62.4pc of domestic sales tax revenue

ISLAMABAD: A significant 62.4 percent of the domestic sales tax revenue was contributed by 15 sectors including...

Updated 08 Nov, 2024 09:38am

Editorials

Tajir Dost Scheme has trouble making dost

EDITORIAL: A Business Recorder exclusive report has revealed that the traders have completely prevailed in their...

Published 08 Nov, 2024 06:41am

PRAL & FBR staff found involved: A dormant account used for Rs1.625trn fake supplies?

ISLAMABAD: A gang of cybercriminals illegally used the dormant account of a retired armed forces personnel and made...

Updated 07 Nov, 2024 03:27pm

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
Gold 10 Grams PKR / Nov 20	238,940
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 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

Markets →

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