Trends - advance tax - Business Recorder

advance tax

FY23 sales of immovable properties: WHT collection registers 340.5pc growth YoY

Federal Board of Revenue releases withholding tax data

Updated 29 Nov, 2023 09:51am

Business & Finance

Past income tax arrears: FBR recovers Rs2.8bn

ISLAMABAD: The Federal Board of Revenue’s recovery from past income tax arrears totaled at Rs 2.8 billion during...

Published 29 Nov, 2023 05:09am

Business & Finance

Recording of advance tax: SECP proposes amendments to insurance regulatory framework

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has proposed amendments to insurance regulatory...

Published 08 Nov, 2023 05:42am

Project-to-project basis: Developers and builders to pay advance tax: FBR

ISLAMABAD: The new advance tax imposed on developers and builders would be paid on a project-to-project basis. The...

Updated 01 Aug, 2023 09:24am

Over Rs50,000 cash withdrawals thru credit cards/ATMs: Non-filers to pay 0.6pc WHT: FBR

Through Income Tax Circular 2 of 2023, FBR has explained important amendments made in the Income Tax Ordinance, 2001 (the Ordinance) through Finance Act 2023

Updated 30 Jul, 2023 09:49am

Pakistan

‘Illicit cigarette manufacturers exploit export quotas, evade advance tax’

LAHORE: The so-called companies manufacturing illegal brands of cigarettes are evading taxes at the retail level and...

Published 20 Jul, 2023 03:12am

Sale and purchase of immovable properties: FBR implements revised rates of withholding tax

ISLAMABAD: The Federal Board of Revenue (FBR) from July 1, 2023, implemented upward revised rates of withholding...

Updated 05 Jul, 2023 08:53am

Value of Rs5m or more: 3pc advance tax to be collected on registration of EVs

ISLAMABAD: The advance tax at the rate of 3 percent would be collected at the time of registration of electric...

Updated 04 Jul, 2023 09:11am

Business & Finance

Amendments enacted by Finance Act, 2023 vis-à-vis those proposed in Finance Bill 2023–I

The Federal Government presented Finance Bill, 2023(‘FB’) in the National Assembly on June 9, 2023. After the...

Published 28 Jun, 2023 06:31am

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

Business & Finance

New advance tax imposed on construction, residential businesses

ISLAMABAD: Finance Act 2023 has imposed a new advance tax on the construction, development and disposal of ...

Published 27 Jun, 2023 06:15am

Advance tax on registration of vehicles above 2000cc hiked

ISLAMABAD: The government has increased the advance income tax on the registration of vehicles above 2000cc under...

Updated 26 Jun, 2023 12:53pm

Cash withdrawal: Non-filers to pay 0.6pc advance tax

KARACHI: The federal government has proposed 0.6 percent advance tax on cash withdrawal for non-filers to bring more...

Published 10 Jun, 2023 04:37am

Editorials

Why accounting methods alone aren’t enough?

EDITORIAL: There are 7.6 million registered direct taxpayers in the country, according to FBR (Federal Board of...

Published 01 Jun, 2023 03:34am

Accumulated profits: Proposed advance tax may be challenged in courts

ISLAMABAD: The advance tax on companies’ accumulated profits proposed by the Reform and Revenue Mobilisation...

Updated 29 May, 2023 09:04am

Finance (Supplementary) Bill, 2023 adopted: NA acquiesces to IMF tax stipulation

Finance Minister Ishaq Dar says bill proposed to minimise fiscal deficit

Updated 21 Feb, 2023 12:01pm

Rs300bn taxation measures thru Ord on the way

FBR drafts proposals of new taxation measures to be enforced through the promulgation of the Tax Laws Amendments Ordinance, 2023

Updated 26 Jan, 2023 09:49am

Tax demand in respect of Q2 2022 advance tax: IHC sets aside order of DC IR Islamabad

ISLAMABAD: The Islamabad High Court (IHC) set aside the order of Deputy Commissioner Inland Revenue, Islamabad...

Updated 05 Jan, 2023 08:54am

Business & Finance

On sale of inherited properties: Tax officers charging advance tax ‘unjustly’

LAHORE: Tax officers are charging advance tax unjustifiably against the sale of inherited properties as they ignore...

Updated 13 Dec, 2022 04:46pm

Business & Finance

Tax reforms give capital market a level-playing field: SECP chief

ISLAMABAD/KARACHI: Securities and Exchange Commission of Pakistan (SECP) Chairman Aamir Khan Wednesday informed the...

Updated 15 Sep, 2022 09:53am

Business & Finance

Advance tax on immovable property: FBR withdraws holding period exemption

Sub-section (3) of section 236C of the Income Tax Ordinance, 2001 has been omitted

Updated 10 Aug, 2022 09:37am

July collection up by Rs15bn

ISLAMABAD: The Federal Board of Revenue (FBR) has provisionally collected net revenue of Rs. 458 billion during July...

Updated 01 Aug, 2022 09:24am

Business & Finance

Sale and purchase of property by non-filers: Senate body approves increase in advance tax

ISLAMABAD: The Senate Standing Committee on Finance and Revenue has approved increase in the advance tax from two to...

Published 22 Jun, 2022 07:35am

Business & Finance

Property deals by filers: Senate panel rejects FBR proposal to raise advance tax

ISLAMABAD: The Senate Standing Committee on Finance has declined the Federal Board of Revenue’s proposal to...

Published 16 Jun, 2022 06:03am

Gainers
Losers
Leaders

Stock	Price
Aisha Steel(ConPS) / Dec 5 Aisha Steel(ConPS)(ASLPS)	9 ▲ 1.00 (12.50%)
Universal Ins. / Dec 5 The Universal Insurance Company Limited(UVIC)	8 ▲ 0.85 (11.89%)
First Elite Cap.Mod / Dec 5 First Elite Capital Modaraba(FECM)	3.50 ▲ 0.27 (8.36%)
Pak Paper Prod / Dec 5 Pakistan Paper Products Limited(PPP)	65.80 ▲ 4.58 (7.48%)
Bilal Fibres / Dec 5 Bilal Fibres Limited(BILF)	2.98 ▲ 0.20 (7.19%)
Bal. Wheel / Dec 5 Baluchistan Wheels Limited(BWHL)	188 ▲ 12.34 (7.02%)
Mirpurkhas Sugar / Dec 5 Mirpurkhas Sugar Mills Limited(MIRKS)	57.85 ▲ 3.56 (6.56%)
Media Times Ltd / Dec 5 Media Times Limited(MDTL)	1.85 ▲ 0.11 (6.32%)
PICIC Ins.Ltd. / Dec 5 PICIC Insurance Limited(PIL)	1.04 ▲ 0.06 (6.12%)
D.S. Ind. Ltd. / Dec 5 D.S. Industries Limited(DSIL)	2.99 ▲ 0.14 (4.91%)

Stock	Price
MithchellsFruit / Dec 5 Mitchells Fruit Farms Limited(MFFL)	225.64 ▼ -18.30 (-7.50%)
Otsuka Pakistan / Dec 5 Otsuka Pakistan Limited(OTSU)	159.25 ▼ -12.91 (-7.50%)
Cordoba Logistics / Dec 5 Cordoba Logistics & Ventures Limited(CLVL)	6.10 ▼ -0.32 (-4.98%)
Quice Food / Dec 5 Quice Food Industries Limited(QUICE)	4.55 ▼ -0.20 (-4.21%)
Abbott Lab. / Dec 5 Abbott Laboratories (Pakistan) Limited(ABOT)	462.01 ▼ -17.10 (-3.57%)
Quetta Textile / Dec 5 Quetta Textile Mills Limited(QUET)	8.55 ▼ -0.26 (-2.95%)
Escorts Bank / Dec 5 Escorts Investment Bank Limited(ESBL)	4.81 ▼ -0.14 (-2.83%)
Crescent Steel / Dec 5 Crescent Steel & Allied Products Limited(CSAP)	48.32 ▼ -1.37 (-2.76%)
Silk Bank Ltd / Dec 5 Silkbank Limited(SILK)	1.07 ▼ -0.03 (-2.73%)
Jubile Life InsXD / Dec 5 Jubilee Life Insurance Company Limited(JLICL)	130 ▼ -3.50 (-2.62%)

Stock	Volume
WorldCall Telecom / Dec 5 Worldcall Telecom Limited(WTL)	57,079,786 ▲ 0.04
Fauji Cement / Dec 5 Fauji Cement Company Limited(FCCL)	41,984,500 ▼ -0.13
Oil & Gas Dev. / Dec 5 Oil & Gas Development Company Limited(OGDC)	23,810,103 ▼ -0.69
Pak Petroleum / Dec 5 Pakistan Petroleum Limited(PPL)	23,518,237 ▼ -0.45
Pak Refinery / Dec 5 Pakistan Refinery Limited(PRL)	22,669,534 ▲ 0.19
Maple Leaf Cement / Dec 5 Maple Leaf Cement Factory Limited(MLCF)	22,423,667 ▼ -0.06
P.T.C.L. / Dec 5 Pakistan Telecommunication Company Ltd(PTC)	21,755,000 ▲ 0.37
Fauji Foods Ltd / Dec 5 Fauji Foods Limited(FFL)	20,839,226 ▲ 0.16
Pak Elektron / Dec 5 Pak Elektron Limited(PAEL)	20,714,512 ▲ 0.00
Cnergyico PK / Dec 5 Cnergyico PK Limited(CNERGY)	18,687,005 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 4	284.75
USD PKR Interbank Buying / Dec 4	284.55
USD to Japanese Yen / Dec 4	147.21
USD to Swiss Franc / Dec 4	0.87
Pound Sterling to USD / Dec 4	1.26
Euro to USD / Dec 4	1.08
UK LIBOR % / Dec 1	5.46

Stock	Volume
S&P 500 / Dec 4	4569.78
Tokyo Nikkei / Dec 4	33231.27
Nasdaq / Dec 4	14185.50
Hang Seng / Dec 4	16646.05
FTSE 100 / Dec 4	7512.96
Dow Jones / Dec 4	36204.44
Germany DAX 30 / Dec 4	16404.76
France CAC40 / Dec 4	7332.59
India Sensex / Dec 5	69356.82

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 1	17235
Crude Oil USD/Barrel / Dec 4	73.31
Gold 10 Grams PKR / Dec 4	191701
Gold Spot USD/Ounce / Dec 4	2029.96
Cotton US¢/pound / Dec 4	78.68

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