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Taxes

Tax dept fails to prove transactions between two entities as ‘sales’

LAHORE: The income tax department has failed to prove that transactions conducted between two associated entities...

Published 13 May, 2025 06:15am

Taxes

Arif Habib expects super tax cut in upcoming budget

Arif Habib, the founder and CEO of Arif Habib Corporation Limited, expects a reduction in the super tax in the...

Updated 12 May, 2025 11:43pm

Taxes

US House body unveils partial tax plan to achieve Trump agenda

WASHINGTON: The US House committee in charge of taxes released on Friday evening a partial text of its part of...

Published 11 May, 2025 02:45am

Taxes

Experts say Tax Ordinance will harm investment climate

LAHORE: A diverse group of businessmen, legal experts, tax specialists and journalists believed that the recently...

Published 09 May, 2025 06:57am

Taxes

Taxpayers’ passwords: FTO directs FBR to issue new policy of expiry

ISLAMABAD: Federal Tax Ombudsman (FTO) has out-rightly rejected the Federal Board of Revenue’s (FBR) policy of...

Published 09 May, 2025 06:02am

Taxes

ATIR’s landmark order: Senior taxmen face FBR law director’s action

ISLAMABAD: The Director Law of the Federal Board of Revenue (FBR) Wednesday initiated extreme action against senior...

Published 08 May, 2025 06:21am

Taxes

FTO receives 7,919 anti-FBR complaints only in April

ISLAMABAD: Federal Tax Ombudsman (FTO) has received the highest number of complaints 7,919 against the Federal Board...

Published 07 May, 2025 06:06am

Taxes

EPBD asks govt to withdraw Tax Laws Ordinance

ISLAMABAD: Economic Policy and Business Development (EPBD) - a Think Tank has asked the government to immediately...

Published 07 May, 2025 07:02am

Taxes

APTMA opposes new ‘draconian’ tax ordinance, calls for immediate repeal

The All Pakistan Textile Mills Association (APTMA) voiced concerns against the newly promulgated Ordinance No. IV of...

Updated 06 May, 2025 10:11pm

Taxes

PTBA urges President to withdraw tax amendments ordinance

KARACHI: Pakistan Tax Bar Association (PTBA) has requested President Asif Ali Zardari to immediately withdraw the ...

Published 07 May, 2025 06:06am

Taxes

Now law enables FBR to enforce sudden tax recovery

ISLAMABAD: Tax Laws (Amendment) Ordinance, 2025, promulgated on May 2, 2025, has empowered the Federal Board of...

Published 06 May, 2025 03:19am

Taxes

Jewellers oppose new tax steps

KARACHI: President of the All Pakistan Sarafa Gems and Jewellers Association, Muhammad Qasim Shakarpuri on Monday...

Published 06 May, 2025 03:19am

Taxes

HCSTSI says concerned at FBR’s ‘excessive’ powers

HYDERABAD: President Hyderabad Chamber of Small Traders & Small Industry (HCSTSI), Muhammad Saleem Memon, has...

Published 05 May, 2025 06:14am

Taxes

Traders demand withdrawal of new tax ordinance

KARACHI: Business and industrial community has demanded immediate withdrawal of the Ordinance and called upon the...

Published 06 May, 2025 03:19am

Taxes

Punjab govt achieves record-breaking tax collection

LAHORE: The Punjab government has demonstrated outstanding performance by collecting a record Rs23.7 billion during...

Published 06 May, 2025 03:19am

Taxes

Business community concerned over tax amendments

LAHORE: The business community has expressed serious concerns over the recent Tax Laws (Amendment) Ordinance, 2025,...

Published 06 May, 2025 03:19am

Taxes

Abbottabad: DG I&I IR Peshawar officers can’t recover ST liabilities: PHC

ISLAMABAD: Peshawar High Court (PHC) has declared that the Audit Officers of Directorate General of Intelligence and...

Published 05 May, 2025 07:15am

Taxes

FBR operationalises Section 175C of ITO

ISLAMABAD: In a significant move to broaden the tax base and address long-standing inequities in Pakistan’s tax...

Published 04 May, 2025 06:11am

Taxes

Tax department prevails over tribunal judgement

LAHORE: Tax department has won over a tribunal judgment based on documents not part of reply filed by a taxpayer...

Published 03 May, 2025 06:07am

Taxes

RTO Hyderabad: Chief Commissioner, TBAH for strengthening transparency

HYDERABAD: Chief Commissioner of Regional Tax Office (RTO) Hyderabad, Qazi Hifz-ur-Rehman, held a consultative...

Published 03 May, 2025 06:07am

Taxes

Erstwhile tribal areas: Senate panel endorses proposal for not extending sales tax exemption

ISLAMABAD: The Senate Standing Committee on Finance and Revenue, Wednesday, endorsed a proposal of the business...

Published 01 May, 2025 06:03am

Taxes

Probationary officers of IRS visit FBR

ISLAMABAD: The probationary officers of the Inland Revenue Service (IRS) from the 51st Specialized Training Program...

Published 30 Apr, 2025 06:24am

Taxes

Tax rates revision: Panel to present report to SAPM for budget inclusion

ISLAMABAD: A meeting of the special committee constituted by Prime Minister Shehbaz Sharif on rationalisation of tax...

Published 29 Apr, 2025 03:07am

Taxes

Ex-cadre officers, staff of FBR demand reward payment

ISLAMABAD: The ex-cadre officers and staff from BS-1 to 16 of Federal Board of Revenue (FBR) have requested Chairman...

Published 29 Apr, 2025 03:07am

Taxes

Apple brand I-phones: New customs values fixed on 187 different models

ISLAMABAD: Directorate General of Customs Valuation Karachi has fixed new customs values on 187 different models of...

Published 26 Apr, 2025 02:57am

Taxes

LTO Islamabad reconstitutes RIC

ISLAMABAD: Large Taxpayers’ Office (LTO) Islamabad has reconstituted Regional Integrity Committee (RIC) comprising...

Published 25 Apr, 2025 07:34am

Taxes

Rawalpindi division: PRA launches tax awareness campaign

LAHORE: The Punjab Revenue Authority (PRA) has launched a tax awareness campaign in Rawalpindi division to ensure ...

Published 25 Apr, 2025 06:05am

Taxes

President endorses 92pc of FTO orders against FBR

ISLAMABAD: President Asif Ali Zardari has endorsed over 92 percent of the orders of the Federal Tax Ombudsman (FTO)...

Published 23 Apr, 2025 05:50am

Taxes

KCCI urges FBR to adopt pragmatic, tech-driven approach

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI), Muhammad Jawed Bilwani has expressed serious...

Published 22 Apr, 2025 07:23am

Taxes

Revenue collection targets: FBR instructs field formations to take enforcement action

ISLAMABAD: The Federal Board of Revenue (FBR) has given free-hand to its field formations for taking enforcement...

Published 19 Apr, 2025 05:45am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 13	281.73
USD PKR Interbank Buying / May 13	281.53
USD to Japanese Yen / May 13	147.90
USD to Swiss Franc / May 13	0.84
Pound Sterling to USD / May 13	1.32
Euro to USD / May 13	1.11
UK LIBOR % / May 12	4.96

Stock	Volume
S&P 500 / May 12	5,844.19
Nasdaq / May 12	18,708.34
Dow Jones / May 12	42,410.10
India Sensex / May 13	81,726.97
Tokyo Nikkei / May 13	38,305.85
Hang Seng / May 13	23,188.20
FTSE 100 / May 13	8,606.55
Germany DAX 30 / May 13	23,595.02
France CAC40 / May 13	7,859.80

Item	Value
Karachi Cotton PKR/37.32 KG / May 12	16,985
Gold 10 Grams PKR / May 12	291,923
Crude Oil USD/Barrel / May 13	61.90
Gold Spot USD/Ounce / May 13	3,253.26
Cotton US¢/pound / May 13	66.85
Petrol/Litre / May 14	252.63
Diesel/Litre / May 14	256.64

Gainers
Losers
Leaders

Stock	Price
Grays Leasing / May 13 Grays Leasing Limited(GRYL)	4.51 ▲ 0.72 (19%)
TPL Trakker Ltd / May 13 TPL Trakker Limited(TPLT)	6.59 ▲ 1 (17.89%)
Al-Shaheer Corp / May 13 Al Shaheer Corporation Limited(ASC)	6.88 ▲ 1 (17.01%)
B. F. Mod. / May 13 B.F. Modaraba(BFMOD)	8.34 ▲ 1 (13.62%)
Burj Clean Energy Modaraba / May 13 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.11 ▲ 1 (12.33%)
Mahanna Islamic Index / May 13 Mahanna Islamic Index Traded Fund(MIIETF)	15.47 ▲ 1.65 (11.94%)
Haseeb Waqas / May 13 Haseeb Waqas Sugar Mills Limited(HWQS)	9.59 ▲ 1 (11.64%)
Gulshan Sp. / May 13 Gulshan Spinning Mills Limited(GSPM)	3.40 ▲ 0.35 (11.48%)
Ghazi Fabrics / May 13 Ghazi Fabrics International Limited(GFIL)	10.17 ▲ 1 (10.91%)
PIA Holding Co.Ltd / May 13 PIA Holding Company Limited(PIAHCLA)	14.80 ▲ 1.35 (10.04%)

Stock	Price
Power Cem(Pref) / May 13 Power Cement (Pref)(POWERPS)	15.35 ▼ -1.71 (-10.02%)
Bilal Fibres / May 13 Bilal Fibres Limited(BILF)	19.59 ▼ -2.18 (-10.01%)
TPL Life Insur. / May 13 TPL Life Insurance Limited(TPLL)	46.80 ▼ -5.2 (-10%)
Din Tex. / May 13 Din Textile Mills Limited(DINT)	45 ▼ -4.99 (-9.98%)
Mughal Energy / May 13 Mughal Energy Limited(GEM)(GEMMEL)	19.90 ▼ -2.12 (-9.63%)
Suhail Jute / May 13 Suhail Jute Mills Limited(SUHJ)	78.36 ▼ -8.24 (-9.52%)
First Punjab Modaraba / May 13 First Punjab Modaraba(FPJM)	2.77 ▼ -0.28 (-9.18%)
Parmount Sp. / May 13 Paramount Spinning Mills Limited(PASM)	3.36 ▼ -0.31 (-8.45%)
First AL-Noor Mod. / May 13 First Al-Noor Modaraba(FANM)	2.95 ▼ -0.25 (-7.81%)
First IBL Mod. / May 13 First IBL Modaraba(FIBLM)	3 ▼ -0.24 (-7.41%)

Stock	Volume
WorldCall Telecom / May 13 Worldcall Telecom Limited(WTL)	41,734,903 ▼ -0.06
Maple Leaf Cement / May 13 Maple Leaf Cement Factory Limited(MLCF)	41,052,877 ▲ 6.27
Sui South Gas / May 13 Sui Southern Gas Company Limited(SSGC)	35,773,773 ▲ 2.33
Oil & Gas Dev. / May 13 Oil & Gas Development Company Limited(OGDC)	30,912,153 ▲ 15.65
B.O.Punjab / May 13 The Bank of Punjab(BOP)	24,175,098 ▼ -0.16
Cnergyico PK / May 13 Cnergyico PK Limited(CNERGY)	24,174,880 ▼ -0.09
K-Electric Ltd. / May 13 K-Electric Limited(KEL)	23,803,446 ▼ -0.22
At-Tahur Ltd. / May 13 At-Tahur Limited(PREMA)	21,754,749 ▼ -3.25
Fauji Cement / May 13 Fauji Cement Company Limited(FCCL)	20,681,855 ▲ 1.82
D.G.K.Cement / May 13 D.G. Khan Cement Company Limited(DGKC)	19,785,523 ▲ 10.35

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