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windfall tax

India’s finance ministry evaluating removal of windfall tax, govt source says

NEW DELHI: India’s finance ministry is evaluating the relevance of windfall tax, a federal government source said on...

Published 28 Nov, 2024 11:24am

Business & Finance

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 / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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