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windfall tax

UK increases windfall tax on North Sea oil and gas producers

LONDON: The British government will increase a windfall tax on North Sea oil and gas producers to 38% from 35% and...

Published 31 Oct, 2024 06:18am

Markets

India raises windfall tax on petroleum crude to 3,200 rupees/tonne

NEW DELHI: India raised its windfall tax on petroleum crude to 3,200 rupees/ton from 1,700 rupees from Saturday...

Published 03 Feb, 2024 10:13am

Tax on banks: FBR mulling hiring legal counsel

ISLAMABAD: The Federal Board of Revenue (FBR) is planning to hire expert legal counsel to defend its cases of tax on...

Updated 19 Jan, 2024 09:12am

High court suspends 40pc additional tax on windfall income of banks

ISLAMABAD: After Islamabad and Lahore High Courts, the Sindh High Court (SHC) has also suspended the SRO...

Updated 26 Dec, 2023 09:56am

Imposition of additional tax on windfall income subject to NA’s nod

ISLAMABAD: The Federal Board of Revenue (FBR)’s notification to impose a 40 percent additional tax on windfall...

Published 25 Nov, 2023 05:19am

Editorials

Windfall tax levy faces prospect of litigation

EDITORIAL: Windfall tax is defined as “a tax levied on an unforeseen or unexpectedly large profit, especially one...

Published 18 Nov, 2023 06:03am

World

Yellen signals support for windfall tax on frozen Russian assets

WASHINGTON: U.S. Treasury Secretary Janet Yellen has voiced support for a European Union plan to impose a windfall...

Published 21 Sep, 2023 09:47pm

Opinion

Retrospective tax on windfall income discourages corporatization—II

Whereas, if we compare the Indian windfall tax/duty to the Pakistani windfall tax, it is clear that Section 99D is...

Published 10 Jul, 2023 06:52am

Opinion

Retrospective tax on windfall income discourages corporatization—I

A new Section 99D has been introduced in the Income Tax Ordinance 2001 (“ITO”) through the Finance Act 2023...

Updated 07 Jul, 2023 06:10am

Tax on windfall profits: FBR to face legal complications

ISLAMABAD: The Federal Board of Revenue (FBR) will face legal complications to collect new tax on windfall profits...

Updated 03 Jul, 2023 08:59am

Business & Finance

Comments on changes in Finance Bill 2023

General These notes provide comments on the changes proposed in the Finance Bill 2023 by the Finance Minister. This...

Published 27 Jun, 2023 06:15am

Markets

Britain sets price floor on oil and gas windfall tax

LONDON: Britain’s windfall tax on oil and gas producers will not be applied if prices drop to certain levels for six...

Published 09 Jun, 2023 01:46pm

Markets

India cuts windfall tax on crude, aviation turbine fuel and diesel

BENGALURU: India has cut its windfall tax on crude oil and exports of aviation turbine fuel and diesel, according to...

Published 16 Feb, 2023 10:41am

Markets

North Sea producers seek price floor to limit windfall tax

LONDON: The British government should introduce a price floor to mitigate the impact of its new windfall tax on the...

Published 12 Dec, 2022 07:15am

UN chief steps up his attacks on oil, gas companies

Antonio Guterres pushes developed countries to tax fossil fuel windfall profits

Updated 21 Sep, 2022 09:54am

Markets

India to drop windfall tax if oil prices fall $40 a barrel

NEW DELHI: India will only withdraw its windfall tax introduced last week for oil producers and refiners if global...

Published 04 Jul, 2022 12:29pm

Markets

India acts to deter fuel exports, puts windfall tax on oil producers

NEW DELHI: India introduced export duties on gasoil, gasoline and jet fuel on Friday to help maintain domestic...

Updated 01 Jul, 2022 03:42pm

Markets

UK announces 25% windfall tax on energy producers’ profits

LONDON: Britain announced a 25% windfall tax on oil and gas producers’ profits on Thursday, alongside a 15 billion...

Published 26 May, 2022 05:45pm

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
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 10 Grams PKR / Nov 21	238,340
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

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