Trends - Capital Value Tax - Business Recorder

Capital Value Tax

Finance Act challenged: Taxpayers pay Rs3bn court fees for 6,000 petitions against FBR

ISLAMABAD: Taxpayers have paid huge amounts of Rs2.5 billion to Rs3 billion as fees for filing 6,000 petitions in...

Updated 19 Mar, 2023 09:45am

Over 200 super rich people in Karachi: Recovery proceedings initiated

ISLAMABAD: The government has initiated recovery proceedings against over 200 super-rich people of Karachi, who were...

Updated 18 Mar, 2023 02:08pm

Business & Finance

‘Breach of tax amnesty’ IHC issues notices to FBR, AGP

ISLAMABAD: The Islamabad High Court (IHC) issued notices to the Federal Board of Revenue (FBR) and the Attorney...

Published 26 Jan, 2023 07:04am

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

LHC has held that Section 8(2) (b) of Finance Act is valid

ISLAMABAD: The Lahore High Court (LHC) held that Section 8(2) (b) of the Finance Act, 2022, is valid, ...

Updated 25 Jan, 2023 08:53am

CVT on foreign assets, tax on ‘deemed income basis’: FBR decides to publish richest defaulters’ names

ISLAMABAD: The government is weighing in on ‘naming and shaming’ the richest of the country who default on Capital...

Updated 27 Dec, 2022 09:45am

Failure to deposit CVT on foreign assets: Taxpayers/resident individuals liable to pay 12pc per default surcharge

ISLAMABAD: The taxpayers/resident individuals who failed to deposit Capital Value Tax (CVT) on their foreign assets...

Updated 20 Dec, 2022 09:37am

‘Flood Levy’: FBR has not drafted any proposal

ISLAMABAD: The Federal Board of Revenue (FBR) has not drafted any proposal to impose “Flood Levy” or any new...

Updated 16 Dec, 2022 09:27am

FBR exempts Reko Diq Mining Company from CVT

ISLAMABAD: The Federal Board of Revenue (FBR) has exempted all assets of Reko Diq Mining Company (Private) Limited...

Updated 13 Dec, 2022 09:39am

Assets declared under two statutes not subject to CVT: expert

ISLAMABAD: Former chairman of the Federal Board of Revenue (FBR), Shabbar Zaidi Friday said that assets declared...

Updated 29 Oct, 2022 09:46am

CVT calculation: Value of foreign assets to be converted into PKR: FBR

ISLAMABAD: The value of foreign assets shall be converted into rupees for the calculation of the Capital Value Tax...

Updated 30 Sep, 2022 09:42am

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

Finance Act: LHC urged to strike down ‘tax on foreign assets’ clause

ISLAMABAD: The Lahore High Court (LHC) has been prayed to strike down clause (b) of sub-section (2) of section 8 of...

Updated 04 Sep, 2022 09:06am

Ordinance promulgated: Amended tax laws come into force

President Dr Arif Alvi gives approval to the Ordinance on the advice of the prime minister under Article 89(1) of the Constitution

Updated 23 Aug, 2022 09:53am

Finance bill further amended

Amended bill 2022 may reduce 17 per cent sales tax to only one per cent on the import of active pharmaceutical ingredients with continuation of the zero-rating scheme on local sales

Updated 29 Jun, 2022 10:34am

Editorials

Rewriting the finance bill 2022

EDITORIAL: Never before has a finance bill after its presentation in parliament been revised, nay re-written, and...

Updated 27 Jun, 2022 06:30am

FBR reduces CVT on vehicles under amended Finance Bill 2022

ISLAMABAD: The Federal Board of Revenue (FBR) has reduced the capital value tax (CVT) on vehicles from two percent...

Updated 26 Jun, 2022 09:59am

Editorials

Budget falls far short of IMF conditionalities

EDITORIAL: The budget for 2022-23 not only did not implement key International Monetary Fund (IMF) conditions,...

Published 22 Jun, 2022 05:58am

Opinion

Foreign assets declared under amnesty immune from CVT

Capital Value Tax (CVT) was levied by the federal government in 1989 on transactions relating to acquisition of...

Published 20 Jun, 2022 07:25am

Pakistan

Murad opens e-stamping system

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has said that the establishment of an e-stamping system would plug...

Published 11 May, 2022 04:58am

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Mar 30 786 Investments Limited(786)	4.95 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Mar 30 Al-Abbas Sugar Mills Limited(AABS)	369.51 ▼ 0.00 (0.00%)
Agro Allianz / Mar 30 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Mar 30 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Mar 30 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Mar 30 Allied Bank Limited(ABL)	61.80 ▼ 0.00 (0.00%)
Abbott Lab. / Mar 30 Abbott Laboratories (Pakistan) Limited(ABOT)	391.78 ▼ 0.00 (0.00%)
Abson Ind. / Mar 30 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Mar 30 Alfalah Consumer Index ETF.(ACIETF)	6.46 ▼ 0.00 (0.00%)
Attock Cement / Mar 30 Attock Cement Pakistan Limited(ACPL)	57.23 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Mar 30 786 Investments Limited(786)	4.95 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Mar 30 Al-Abbas Sugar Mills Limited(AABS)	369.51 ▲ 0.00 (0.00%)
Agro Allianz / Mar 30 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Mar 30 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Mar 30 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Mar 30 Allied Bank Limited(ABL)	61.80 ▲ 0.00 (0.00%)
Abbott Lab. / Mar 30 Abbott Laboratories (Pakistan) Limited(ABOT)	391.78 ▲ 0.00 (0.00%)
Abson Ind. / Mar 30 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Mar 30 Alfalah Consumer Index ETF.(ACIETF)	6.46 ▲ 0.00 (0.00%)
Attock Cement / Mar 30 Attock Cement Pakistan Limited(ACPL)	57.23 ▲ 0.00 (0.00%)

Stock	Volume
Telecard Limited / Mar 30 Telecard Limited(TELE)	12,447,500 ▲ 0.00
WorldCall Telecom / Mar 30 Worldcall Telecom Limited(WTL)	9,398,662 ▲ 0.00
Pakistan Alumin / Mar 30 Pakistan Aluminium Beverage Cans Limited(PABC)	7,638,000 ▲ 0.00
Pak Int.Bulk / Mar 30 Pakistan International Bulk Terminal(PIBTL)	6,018,500 ▲ 0.00
Nishat Mills Ltd / Mar 30 Nishat Mills Limited(NML)	4,517,879 ▲ 0.00
Shifa Int.Hosp / Mar 30 Shifa International Hospitals Limited(SHFA)	4,299,000 ▲ 0.00
Pak Elektron / Mar 30 Pak Elektron Limited(PAEL)	4,048,000 ▲ 0.00
Agha Steel Ind. / Mar 30 Agha Steel Ind.Ltd(AGHA)	2,763,500 ▲ 0.00
Dewan Motors / Mar 30 Dewan Farooque Motors Limited(DFML)	2,540,000 ▲ 0.00
Hascol Petrol / Mar 30 Hascol Petroleum Limited(HASCOL)	2,081,000 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 29	285.90
USD PKR Interbank Buying / Mar 29	283.90
USD to Japanese Yen / Mar 29	132.62
USD to Swiss Franc / Mar 29	0.92
Pound Sterling to USD / Mar 29	1.23
Euro to USD / Mar 29	1.08
UK LIBOR % / Mar 29	4.81

Stock	Volume
S&P 500 / Mar 29	4027.81
India Sensex / Mar 29	57960.09
Tokyo Nikkei / Mar 29	27662.35
Nasdaq / Mar 29	11926.24
Hang Seng / Mar 29	20090.15
FTSE 100 / Mar 29	7564.27
Dow Jones / Mar 29	32717.60
Germany DAX 30 / Mar 29	15328.78
France CAC40 / Mar 29	7186.99

Item	Value
Crude Oil USD/Barrel / Mar 29	72.78
Karachi Cotton PKR/37.32 KG / Mar 29	18935
Gold 10 Grams PKR / Mar 29	176268
Gold Spot USD/Ounce / Mar 29	1959.36
Cotton US¢/pound / Mar 29	82.12

Capital Value Tax

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