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Technology Print 2022-12-03

Taxation-related issues of IT sector: FBR nominates IR Commissioners as focal persons

Sohail Sarfraz Published December 3, 2022

ISLAMABAD: The Federal Board of Revenue (FBR), for the first time, nominated Chief Commissioners (Inland Revenue) as focal persons for resolving taxation-related issues and problems of the Information Technology (IT) sector.

In this regard, the FBR has issued a notification on Friday on the nomination of focal persons for the IT sector.

The Ministry of Information Technology and Telecommaunication has already taken up the issue of withholding tax on the telecom sector with the Finance Division and the Federal Board of Revenue (FBR).

Rs537bn target for Nov also achieved: FBR surpasses five-month tax target of Rs2.680trn

According to the notification issued by the FBR, Chief Commissioner Inland Revenue Corporate Tax Office, Lahore has been nominated as the focal person for resolving problems and issues related to the IT industry regarding the matter pertaining to Inland Revenue field formations within Lahore.

Finance Division IT sector Federal Board of Revenue FBR taxation MOITT telecom sector IR Commissioners

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New peak: KSE-100 crosses 62,000 with no signs of slowdown

Gainers
Losers
Leaders

Stock	Price
Universal Ins. / Dec 4 The Universal Insurance Company Limited(UVIC)	7.15 ▲ 1.00 (16.26%)
SME Leasing Ltd / Dec 4 SME Leasing Limited(SLL)	2.12 ▲ 0.22 (11.58%)
Dewan Sugar / Dec 4 Dewan Sugar Mills Limited(DWSM)	4.16 ▲ 0.43 (11.53%)
Waves Home Appliances / Dec 4 Waves Home Appliances Limited(WHALE)	8.95 ▲ 0.92 (11.46%)
F. Nat.Equities / Dec 4 First National Equities Limited(FNEL)	5.78 ▲ 0.50 (9.47%)
Trust Sec.& Brok. / Dec 4 Trust Securities & Brokerage Limited(TSBL)	11 ▲ 0.94 (9.34%)
Jubilee Spinning / Dec 4 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	6.98 ▲ 0.58 (9.06%)
HBL Invest Fund / Dec 4 HBL Investment Fund(HIFA)	3.39 ▲ 0.27 (8.65%)
Next Capital / Dec 4 Next Capital Limited(NEXT)	6.74 ▲ 0.52 (8.36%)
Bank of Khyber / Dec 4 The Bank of Khyber(BOK)	12.25 ▲ 0.92 (8.12%)

Stock	Price
786 Invest Ltd / Dec 4 786 Investments Limited(786)	5.01 ▼ -0.84 (-14.36%)
Reliance Ins. / Dec 4 Reliance Insurance Company Limited(RICL)	8.57 ▼ -0.93 (-9.79%)
B. F. Mod. / Dec 4 B.F. Modaraba(BFMOD)	5 ▼ -0.50 (-9.09%)
MithchellsFruit / Dec 4 Mitchells Fruit Farms Limited(MFFL)	243.94 ▼ -19.78 (-7.50%)
Chakwal Spinning / Dec 4 Chakwal Spinning Mills Limited(CWSM)	2.02 ▼ -0.15 (-6.91%)
United Brands / Dec 4 United Brands Limited(UBDL)	16.38 ▼ -1.12 (-6.40%)
Ask.Gen.Insur. / Dec 4 Askari General Insurance Company Limited(AGIC)	17.21 ▼ -1.17 (-6.37%)
Quetta Textile / Dec 4 Quetta Textile Mills Limited(QUET)	8.20 ▼ -0.55 (-6.29%)
Clover Pakistan / Dec 4 Clover Pakistan Limited(CLOV)	22.31 ▼ -1.31 (-5.55%)
D.S. Ind. Ltd. / Dec 4 D.S. Industries Limited(DSIL)	2.85 ▼ -0.16 (-5.32%)

Stock	Volume
Maple Leaf Cement / Dec 4 Maple Leaf Cement Factory Limited(MLCF)	43,072,746 ▲ 0.06
Pak Elektron / Dec 4 Pak Elektron Limited(PAEL)	39,797,114 ▲ 0.01
Fauji Fert Bin / Dec 4 Fauji Fertilizer Bin Qasim Limited(FFBL)	27,568,000 ▲ 0.37
Fauji Cement / Dec 4 Fauji Cement Company Limited(FCCL)	27,255,000 ▲ 0.97
Hum Network / Dec 4 Hum Network Limited(HUMNL)	22,004,000 ▲ 0.06
WorldCall Telecom / Dec 4 Worldcall Telecom Limited(WTL)	17,477,792 ▲ 0.03
Oil & Gas Dev. / Dec 4 Oil & Gas Development Company Limited(OGDC)	14,842,387 ▲ 5.89
D.G.K.Cement / Dec 4 D.G. Khan Cement Company Limited(DGKC)	14,240,764 ▲ 0.05
Air Link Com. / Dec 4 Air Link Communication Limited(AIRLINK)	13,542,140 ▲ 1.80
Pak Refinery / Dec 4 Pakistan Refinery Limited(PRL)	13,096,386 ▲ 0.61

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 1	285.15
USD PKR Interbank Buying / Dec 1	284.95
USD to Japanese Yen / Dec 4	146.85
USD to Swiss Franc / Dec 4	0.87
Pound Sterling to USD / Dec 4	1.27
Euro to USD / Dec 4	1.09
UK LIBOR % / Dec 1	5.46

Stock	Volume
S&P 500 / Dec 1	4594.63
Nasdaq / Dec 1	14305.03
FTSE 100 / Dec 1	7529.35
Dow Jones / Dec 1	36245.50
Germany DAX 30 / Dec 1	16397.52
France CAC40 / Dec 1	7346.15
India Sensex / Dec 4	68587.82
Tokyo Nikkei / Dec 4	33273.12
Hang Seng / Dec 4	16729.01

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 1	17235
Gold 10 Grams PKR / Dec 1	189043
Crude Oil USD/Barrel / Dec 4	78.30
Gold Spot USD/Ounce / Dec 4	2085.16
Cotton US¢/pound / Dec 4	79.44

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