Trends - taxpayers - Business Recorder

taxpayers

PECA Act 2016: Taxpayers’ data declared as ‘Critical Infrastructure’

ISLAMABAD: The Federal Board of Revenue (FBR) has declared taxpayers’ data as “Critical Infrastructure” and ...

Published 26 Mar, 2025 05:25am

Shopkeepers/traders: FBR mulling another registration scheme

ISLAMABAD: The Federal Board of Revenue (FBR) is seriously considering launching another registration scheme for...

Updated 24 Mar, 2025 03:45pm

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

Business & Finance

FBR online system: SAI president concerned at issues faced by IRIS users

KARACHI: Ahmed Azeem Alvi, President of the SITE Association of Industry, has expressed serious concerns over the...

Published 16 Mar, 2025 02:50am

Business & Finance

KTBA requests FBR to resolve technical glitches, remove anomalies in IRIS portal

KARACHI: Karachi Tax Bar Association (KTBA) has requested the Federal Board of Revenue (FBR) to resolve technical...

Published 15 Mar, 2025 05:22am

Opinion

Justice denied to justice buried

The Supreme Court of Pakistan during the last many days has dismissed a large number of leaves to appeal, mainly...

Published 14 Mar, 2025 06:20am

Word ‘tax’ in ITO, Article 260: SC judge seeks accurate definition

ISLAMABAD: Justice Aminuddin Khan questioned whether the definition of “tax” in clause 63 of Section 2 of Income Tax...

Updated 14 Mar, 2025 08:41am

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

Pakistan

Appellate forum sets aside additional demand raised by tax department

LAHORE: An appellate forum has set aside an additional demand raised by the tax department based on the...

Published 12 Mar, 2025 03:03am

Commissioner (Appeals): ATIR reprimands FBR officials for challenging competence

ISLAMABAD: Appellate Tribunal Inland Revenue (ATIR) in a landmark judgment has reprimanded Federal Board of Revenue...

Updated 10 Mar, 2025 08:41am

Rs312bn GST row: PAC refers audit paras back to FBR wing

ISLAMABAD: In an attempt to tighten the noose around the black sheep, the Public Accounts Committee (PAC) of...

Updated 06 Mar, 2025 02:47pm

Editorials

Economic Update and Outlook

EDITORIAL: The Finance Division released its February Economic Update and Outlook with three positive indicators — a...

Published 05 Mar, 2025 02:51am

PRAL, IT Wing accused of facilitating fake invoices

ISLAMABAD: Multan Tax Bar Association (MTBA) has accused Pakistan Revenue Automation Limited (PRAL) and the IT Wing...

Updated 03 Mar, 2025 02:57pm

July-December: 26pc increase in WHT collection YoY

ISLAMABAD: The overall collection of withholding taxes (WHT) showed a major increase of 26 percent during...

Updated 03 Mar, 2025 09:27am

Business & Finance

Tax policy office to go functional shortly: Aurangzeb

PESHAWAR: Federal Minister for Finance Muhammad Aurangzeb Wednesday said the tax policy office, under the government...

Published 27 Feb, 2025 06:44am

Banks surpass oil & gas sector as top taxpayers: PBA chief

KARACHI: Zafar Masud, Chairman Pakistan Banks Association (PBA) Monday highlighted the banking sector’s crucial role...

Updated 25 Feb, 2025 09:22am

Opinion

SOEs burden on taxpayers no surprise

Conventional economic theory argues that pursuit of privatisation is to enhance service quality, attract private...

Updated 24 Feb, 2025 07:14am

‘Fake educational institutions’: FTO to submit detailed report to President

ISLAMABAD: Federal Tax Ombudsman (FTO) will submit a detailed report to President of Pakistan on a reference...

Updated 24 Feb, 2025 08:52am

World

Trump is firing federal workers who are not funded by taxpayers

Elon Musk’s DOGE team has slashed hundreds of jobs paid for by fees from banks, medical device companies and other...

Published 21 Feb, 2025 05:05pm

Editorials

IMF first review

EDITORIAL: The International Monetary Fund (IMF) mission is scheduled to undertake the first review of the 7 billion...

Published 20 Feb, 2025 06:44am

Opinion

Building a $3trn economy: the case for supporting legitimate businesses

As the Chief Operating Officer of British American Tobacco (BAT), I have the regular opportunity to engage with our...

Updated 20 Feb, 2025 09:28pm

Business & Finance

Taxpayer allowed ‘evaded’ tax for mentioning ‘wrong’ provision of law in notice

LAHORE: A higher appellate forum has allowed taxpayer to keep evaded tax for mentioning wrong provision of law in...

Published 18 Feb, 2025 03:01am

Business & Finance

Delaying tactics in refunds: Taxpayers being forced to withdraw complaints filed with FTO: experts

ISLAMABAD: Tax advisers have reported incidents where tax officials are allegedly pressurizing taxpayers to withdraw...

Published 14 Feb, 2025 08:56am

Business & Finance

Issuance of refunds: Taxpayers being pressurized to withdraw complaint

ISLAMABAD: Tax advisers have reported incidents where tax officials are allegedly pressurizing taxpayers to withdraw...

Published 13 Feb, 2025 07:55am

Tax authorities: Structured procedural framework drafted

ISLAMABAD: The Appellate Tribunal Inland Revenue (ATIR) Islamabad Bench-I has drafted a structured procedural...

Updated 13 Feb, 2025 09:28am

Pakistan

Parliamentarians, businessmen, heavy taxpayers: NA body for lifting ban on issuance of PB licence

ISLAMABAD: The National Assembly Standing Committee on Interior recommended for lifting the ban on the issuance of...

Published 11 Feb, 2025 07:44am

KTBA concerned at FBR’s password protection policy

KARACHI: The Karachi Tax Bar Association (KTBA) has raised serious concerns about the Federal Board of Revenue’s...

Updated 11 Feb, 2025 09:20am

Business & Finance

Joint body to be reactivated to address taxpayers’ issues

PESHAWAR: A joint advisory committee between traders and Regional Tax Office (RTO) Peshawar, Federal Board of ...

Published 10 Feb, 2025 05:35am

‘FBR can’t take coercive measures without due process’

LAHORE: A higher appellate forum has held that no coercive recovery measures can be taken by Federal Board of...

Updated 09 Feb, 2025 10:00am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 28	281.85
USD PKR Interbank Buying / Mar 28	279.71
USD to Japanese Yen / Mar 31	148.93
USD to Swiss Franc / Mar 31	0.88
Pound Sterling to USD / Mar 31	1.30
Euro to USD / Mar 31	1.08
UK LIBOR % / Mar 27	4.96

Stock	Volume
S&P 500 / Mar 28	5,580.94
India Sensex / Mar 28	77,414.92
Nasdaq / Mar 28	17,322.99
Dow Jones / Mar 28	41,583.90
Tokyo Nikkei / Mar 31	35,617.56
Hang Seng / Mar 31	23,146.55
FTSE 100 / Mar 31	8,576.85
Germany DAX 30 / Mar 31	22,201.28
France CAC40 / Mar 31	7,810.99

Item	Value
Gold 10 Grams PKR / Mar 27	275,205
Karachi Cotton PKR/37.32 KG / Mar 28	17,085
Crude Oil USD/Barrel / Mar 31	69.31
Gold Spot USD/Ounce / Mar 31	3,117.12
Cotton US¢/pound / Mar 31	66.49
Petrol/Litre / Apr 1	255.63
Diesel/Litre / Apr 1	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

Markets →

Budget 2024-25: income tax calculator for FY25

taxpayers

Most Popular