Trends - taxpayers - Business Recorder

taxpayers

Pension calculation formula

EDITORIAL: An office memorandum issued by the Finance Division noted a change in the calculation of emoluments for...

Published 15 Jan, 2025 02:59am

FBR tax collection: Contribution of LTO Karachi highest

ISLAMABAD: The contribution of Large Taxpayer Office (LTO) Karachi in overall tax collection (income tax, sales tax,...

Updated 09 Jan, 2025 03:09pm

ATIR rejects e-scanned signatures of overseas Pakistani

ISLAMABAD: The Appellate Tribunal Inland Revenue (ATIR) Islamabad has issued an order against an overseas Pakistani...

Updated 07 Jan, 2025 09:25am

Business & Finance

FTO Lahore resolves 2442 complaints in 2024

LAHORE: The Federal Tax Ombudsman (FTO) Lahore office made significant strides in providing relief to taxpayers in...

Published 07 Jan, 2025 05:55am

FBR makes commitment of open dialogue with stakeholders

ISLAMABAD: Rashid Mahmood Chairman FBR/ Secretary Revenue Division has taken a major decision to restore trust of...

Updated 06 Jan, 2025 03:12pm

FBR voices concern over disparities in tax compliance

ISLAMABAD: The Federal Board of Revenue (FBR) has expressed serious concern over significant disparities in tax...

Updated 06 Jan, 2025 09:30am

Business & Finance

ATIR urges FBR to act efficiently in executing tax demands

ISLAMABAD: The Appellate Tribunal Inland Revenue (ATIR) has held that long silence and inaction by Federal Board of...

Published 03 Jan, 2025 07:35am

Tax on foreign property income: PTBA for larger bench to address ‘conflicting rulings’

KARACHI: The Pakistan Tax Bar Association (PTBA) has called for a larger bench to address conflicting rulings on the...

Updated 03 Jan, 2025 08:53am

Coercive interpretation of fiscal laws: IHC slaps heavy penalties on FBR officers

ISLAMABAD: The Islamabad High Court (IHC) in a major decision has set a precedent by imposing significant costs on...

Updated 02 Jan, 2025 08:53am

Business & Finance

FTO resolves 12941 complaints in 2024

ISLAMABAD: Federal Tax Ombudsman (FTO) has promptly resolved 12,941 complaints filed by taxpayers against the ...

Updated 02 Jan, 2025 08:08am

Editorials

Move to facilitate overseas Pakistanis

EDITORIAL: In a move purported to be for the benefit of overseas Pakistanis, the FBR has announced the launch of an...

Updated 31 Dec, 2024 06:57am

Business & Finance

Pakistan’s top 5% earners liable to pay Rs1.6trn in taxes, says FBR chief

During press conference alongside finance minister, Langrial says income tax evasion happening at massive scale

Updated 26 Dec, 2024 10:53pm

Aurangzeb throws light on people’s approach to tax obligations

ISLAMABAD: Finance Minister Muhammad Aurangzeb, Tuesday, disclosed that people are ready to pay more money (tax),...

Updated 25 Dec, 2024 09:22am

Resident Pakistanis in UAE, UK: Rental income, capital gain not taxable: ATIR DB

ISLAMABAD: A division bench of Appellate Tribunal Inland Revenue (ATIR) has held that under the tax treaties of...

Updated 23 Dec, 2024 09:40am

Pakistan

Global poll: ‘Almost half of taxpayers don’t see their taxes being spent for public good’

KARACHI: Across the globe taxpayers support the idea of a fiscal contract – citizens agreeing to pay tax in...

Published 22 Dec, 2024 02:57am

PTBA for establishing body to monitor govt spending

KARACHI: Pakistan Tax Bar Association (PTBA) has raised serious concerns about using taxpayers’ money and called for...

Updated 21 Dec, 2024 09:21am

Business & Finance

Federal tax laws: Taxpayers’ rights fully protected: FTO

LAHORE: Federal Tax Ombudsman Dr Asif Mahmood Jah said on Wednesday that taxpayers’ rights are fully protected...

Published 19 Dec, 2024 08:23am

Tax laws bill tabled in NA: Govt steps up pressure on non-filers

Non-filers will be prohibited from purchasing, booking, registration of vehicles over 800cc, acquiring property beyond a specified limit, and making stock purchases beyond a certain threshold

Updated 19 Dec, 2024 03:03pm

Taxmen likely to seal unregistered people’s co’s premises

ISLAMABAD: The Federal Board of Revenue (FBR) will empower Inland Revenue officials to seal unregistered people’s...

Updated 19 Dec, 2024 03:03pm

Business & Finance

What is Tax Laws (Amendment) Bill, 2024 introduced in National Assembly?

Finance Minister Muhammad Aurangzeb introduced the Tax Laws (Amendment) Bill, 2024 in the National Assembly (NA) on...

Published 18 Dec, 2024 09:06pm

Opinion

Lack of awareness of IMF conditions

Pakistan’s private sector elite in industry and the farm sectors, major non-institutional recipients of budgeted...

Updated 16 Dec, 2024 07:42am

Opinion

FBR: Messing up a messy law

Actus legis nemini facit injurium (A party should not suffer on account of an act or omission by the Court or State...

Published 13 Dec, 2024 07:39am

Business & Finance

‘Clever’ taxpayer fails to bypass established procedures

LAHORE: A ‘clever’ taxpayer has failed to bypass the established procedures for resolving tax disputes, as the...

Published 11 Dec, 2024 08:38am

Oil and gas cos, microfinance banks: FBR, all PRAs/Board agree to extend scope of SSTR

ISLAMABAD: The Federal Board of Revenue (FBR) and all the Provincial Revenue Authorities/Board have unanimously...

Updated 07 Dec, 2024 04:46pm

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

FBR imposes new condition on overseas Pakistanis

ISLAMABAD: The Federal Board of Revenue (FBR) has imposed a new condition on overseas Pakistanis to obtain approval...

Updated 02 Dec, 2024 02:18pm

Minute sheets in tax assessment issue: IHC issues notices to FTO, FBR chief, others

ISLAMABAD: Islamabad High Court (IHC) has issued notices to the Federal Tax Ombudsman (FTO), Chairman Federal Board...

Updated 02 Dec, 2024 02:59pm

Refunds, adjustments: FBR’s SRZs fail to deliver?

ISLAMABAD/ KARACHI: The creation of Special Refund Zones (SRZs) by the Federal Board of Revenue (FBR) has failed to...

Updated 30 Nov, 2024 02:26pm

Business & Finance

‘FBR has authority to conduct post-sanction audits of refund claims’

LAHORE: The Federal Board of Revenue (FBR) has the authority to conduct post-sanction audits of refund claims under...

Published 26 Nov, 2024 07:40am

‘Misleading statement’: FTO orders investigation against FBR officials

ISLAMABAD: Federal Tax Ombudsman (FTO) Dr Asif Jah has ordered an investigation against Federal Board of Revenue’s...

Updated 25 Nov, 2024 02:44pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 15	278.85
USD PKR Interbank Buying / Jan 15	278.70
USD to Japanese Yen / Jan 15	157.36
USD to Swiss Franc / Jan 15	0.91
Pound Sterling to USD / Jan 15	1.22
Euro to USD / Jan 15	1.03

Stock	Volume
S&P 500 / Jan 14	5,842.91
Nasdaq / Jan 14	19,044.39
Dow Jones / Jan 14	42,518.28
India Sensex / Jan 15	76,746.81
Tokyo Nikkei / Jan 15	38,379.49
Hang Seng / Jan 15	19,223.49
FTSE 100 / Jan 15	8,250.76
Germany DAX 30 / Jan 15	20,345.48

Item	Value
Gold 10 Grams PKR / Jan 9	237,483
Karachi Cotton PKR/37.32 KG / Jan 14	18,785
Petrol/Litre / Jan 15	252.66
Crude Oil USD/Barrel / Jan 15	77.93
Gold Spot USD/Ounce / Jan 15	2,681.51
Diesel/Litre / Jan 15	258.34

Gainers
Losers
Leaders

Stock	Price
First Elite Cap.Mod / Jan 15 First Elite Capital Modaraba(FECM)	6.67 ▲ 1.00 (17.64%)
Parmount Sp. / Jan 15 Paramount Spinning Mills Limited(PASM)	5 ▲ 0.50 (11.11%)
Service Textile / Jan 15 Service Industries Textiles Limited(SERT)	15.13 ▲ 1.38 (10.04%)
Power Cem(Pref) / Jan 15 Power Cement (Pref)(POWERPS)	12.29 ▲ 1.12 (10.03%)
Gulistan Sp. / Jan 15 Gulistan Spinning Mills Limited(GUSM)	11.65 ▲ 1.06 (10.01%)
Arif Habib Ltd. / Jan 15 Arif Habib Limited(AHL)	60.96 ▲ 5.54 (10.00%)
BF Biosciences / Jan 15 BF Biosciences Limited(BFBIO)	231.30 ▲ 21.03 (10.00%)
Dandot Cement / Jan 15 Dandot Cement Company Limited(DNCC)	14.74 ▲ 1.34 (10.00%)
LSE Financial Serv. / Jan 15 LSE Financial Services Limited(LSEFSL)	17.49 ▲ 1.59 (10.00%)

Stock	Price
Fateh Ind. / Jan 15 Fateh Industries Limited(FIL)	120.60 ▼ -13.34 (-9.96%)
Idrees Tex. / Jan 15 Idrees Textile Mills Limited(IDRT)	13.50 ▼ -1.49 (-9.94%)
Al-Khair Gadoon / Jan 15 Al-Khair Gadoon Limited(AKGL)	34 ▼ -3.39 (-9.07%)
PICIC Ins.Ltd. / Jan 15 PICIC Insurance Limited(PIL)	3.07 ▼ -0.30 (-8.90%)
United Brands / Jan 15 United Brands Limited(UBDL)	21.03 ▼ -2.05 (-8.88%)
Sana Ind / Jan 15 Sana Industries Limited(SNAI)	30.50 ▼ -2.93 (-8.76%)
Universal Ins. / Jan 15 The Universal Insurance Company Limited(UVIC)	9.85 ▼ -0.94 (-8.71%)
Calcorp Ltd / Jan 15 Calcorp Limited(CASH)	29.10 ▼ -2.65 (-8.35%)
Diamond Ind. / Jan 15 Diamond Industries Limited(DIIL)	18.23 ▼ -1.59 (-8.02%)

Stock	Volume
WorldCall Telecom / Jan 15 Worldcall Telecom Limited(WTL)	68,146,464 ▲ 0.02
Pak Refinery / Jan 15 Pakistan Refinery Limited(PRL)	56,632,089 ▲ 1.60
Cnergyico PK / Jan 15 Cnergyico PK Limited(CNERGY)	43,068,457 ▼ -0.16
K-Electric Ltd. / Jan 15 K-Electric Limited(KEL)	33,447,471 ▼ -0.07
TRG Pak Ltd / Jan 15 TRG Pakistan Limited(TRG)	29,612,532 ▲ 2.51
Sui South Gas / Jan 15 Sui Southern Gas Company Limited(SSGC)	26,679,632 ▼ -1.17
Hascol Petrol / Jan 15 Hascol Petroleum Limited(HASCOL)	26,398,810 ▼ -0.28
Telecard Limited / Jan 15 Telecard Limited(TELE)	19,836,175 ▼ -0.31
Fauji Foods Ltd / Jan 15 Fauji Foods Limited(FFL)	17,696,558 ▼ -0.32

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