Topic

Capital Value Tax

CVT on foreign assets may go: Rs400-500bn tax measures cleared after IMF nod

Updated 17 May, 2026 05:12pm

New tax policies for FY2026-27, approved by IMF, target Rs 400-500 billion through digital invoicing, expanded sales tax, and enhanced data utilization.

PBC warns of deep-rooted challenges

Updated 22 Apr, 2026 09:39am

ISLAMABAD: The Pakistan Business Council (PBC) has warned that the country is grappling with deep-rooted structural...

Tola suggests MAT via CVT

Published 05 Jun, 2025 06:53am

LAHORE: Taxonomist Ashfaq Yousuf Tola has suggested introduction of Minimum Asset Tax (MAT) via Capital Value Tax...

Housing sector: task force finalises recommendations

Updated 03 Feb, 2025 03:07pm

ISLAMABAD: Task Force for development of housing sector has recommended abolition of section 7E of the Income Tax...

FED on transfer of immoveable property

Updated 12 Jul, 2024 08:55am

“Accordingly CVT was abolished through the Finance Act 2010 as charge and levy of CVT became a provincial subject....

AMENDMENTS ENACTED BY FINANCE ACT, 2024: VIS-À-VIS THOSE PROPOSED IN FINANCE BILL, 2024

Published 01 Jul, 2024 07:01am

The Federal Government presented Finance Bill, 2024 (‘FB’) in the National Assembly on June 12, 2024. After debate...

‘The Federation, in light of Entry 50, cannot tax the capital value of immovable property at all’

Updated 28 Mar, 2024 09:38am

ISLAMABAD: Advocate Raashid Anwer argued that the federation, in light of Entry 50, could not tax the capital value...

FBR collects Rs10bn CVT under different heads in 2022-23

Published 01 Dec, 2023 04:43am

ISLAMABAD: The Federal Board of Revenue (FBR) has collected Capital Value Tax (CVT) of Rs 10 billion under different...

Recovery of CVT under Finance Act 2022: Taxmen’s orders are without jurisdiction: former FBR chief

Updated 24 Oct, 2023 09:38am

ISLAMABAD: All the orders passed by the taxation officers/Inland Revenue officers for the recovery of Capital Value...

FBR refuses to share Politically-Exposed Persons’ data

Updated 07 Aug, 2023 11:44am

Refusal letter says section 216 prohibits disclosure of taxpayer’s information to any individual or authority except those mentioned explicitly in sub section 3 of section 21 of the Ordinance

Sindh CS assures KCCI of resolution of pending issues

Published 15 Jun, 2023 06:03am

KARACHI: Sindh Chief Secretary Dr Muhammad Sohail Rajput has assured KCCI that all important issues pertaining to...

Why accounting methods alone aren’t enough?

Published 01 Jun, 2023 03:34am

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

Local, foreign assets: Rs9bn CVT collected so far

Updated 20 May, 2023 12:30pm

ISLAMABAD: The government has so far collected Rs9 billion on account of capital value tax (CVT) on local and...

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

Updated 19 Mar, 2023 09:45am

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

Over 200 super rich people in Karachi: Recovery proceedings initiated

Updated 18 Mar, 2023 02:08pm

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

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

Published 26 Jan, 2023 07:04am

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

Rs300bn taxation measures thru Ord on the way

Updated 26 Jan, 2023 09:49am

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

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

Updated 25 Jan, 2023 08:53am

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

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

Updated 27 Dec, 2022 09:45am

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

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

Updated 20 Dec, 2022 09:37am

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

‘Flood Levy’: FBR has not drafted any proposal

Updated 16 Dec, 2022 09:27am

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

FBR exempts Reko Diq Mining Company from CVT

Updated 13 Dec, 2022 09:39am

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

Assets declared under two statutes not subject to CVT: expert

Updated 29 Oct, 2022 09:46am

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

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

Updated 30 Sep, 2022 09:42am

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

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

Updated 15 Sep, 2022 09:53am

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

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

Updated 04 Sep, 2022 09:06am

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

Ordinance promulgated: Amended tax laws come into force

Updated 23 Aug, 2022 09:53am

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

Finance bill further amended

Updated 29 Jun, 2022 10:34am

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

Rewriting the finance bill 2022

Updated 27 Jun, 2022 06:30am

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

FBR reduces CVT on vehicles under amended Finance Bill 2022

Updated 26 Jun, 2022 09:59am

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

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 8	278.60
USD PKR Interbank Buying / Jun 8	278.40
USD to Japanese Yen / Jun 9	160.20
USD to Swiss Franc / Jun 9	0.80
Pound Sterling to USD / Jun 9	1.34
Euro to USD / Jun 9	1.15
SOFR % / Jun 8	3.62

Stock	Volume
S&P 500 / Jun 8	7,405.73
Nasdaq / Jun 8	25,929.66
Dow Jones / Jun 8	50,786.01
India Sensex / Jun 9	73,776.79
Tokyo Nikkei / Jun 9	65,416.63
Hang Seng / Jun 9	24,565.90
FTSE 100 / Jun 9	10,338.50
Germany DAX 30 / Jun 9	24,715.57
France CAC40 / Jun 9	8,262.73

Item	Value
Gold 10 Grams PKR / Jun 8	386,987
Petrol/Litre / Jun 9	377.78
Crude Oil USD/Barrel / Jun 9	89.19
Gold Spot USD/Ounce / Jun 9	4,335.23
Diesel/Litre / Jun 9	380.78
Cotton US¢/pound / Jun 9	77.45

Gainers
Losers
Leaders

Stock	Price
First AL-Noor Mod. / Jun 9 First Al-Noor Modaraba(FANM)	7.39 ▲ 0.86 (13.17%)
First Fid. Leasing / Jun 9 First Fidelity Leasing Modaraba(FFLM)	9.67 ▲ 1 (11.53%)
Chenab Ltd / Jun 9 Chenab Limited(CHBL)	10.25 ▲ 1 (10.81%)
TPL REIT Fund I / Jun 9 TPL REIT Fund I(TPLRF1)	9.06 ▲ 0.83 (10.09%)
TPL Properties / Jun 9 TPL Properties Limited(TPLP)	11.31 ▲ 1.03 (10.02%)
Popular Islamic / Jun 9 Popular Islamic Modaraba(PIM)	25.69 ▲ 2.34 (10.02%)
Redco Textile / Jun 9 Redco Textiles Limited(REDCO)	28.68 ▲ 2.61 (10.01%)
Burshane LPG / Jun 9 Burshane LPG (Pakistan) Limited(BPL)	56.86 ▲ 5.17 (10%)
Cherat Packaging / Jun 9 Cherat Packaging Limited(CPPL)	83.72 ▲ 7.61 (10%)
Leather Up Ltd. / Jun 9 Leather Up Limited(LEUL)	38.73 ▲ 3.52 (10%)

Stock	Price
Pak Qatar Family / Jun 9 Pak Qatar Family Takaful Limited(PAKQATAR)	25.72 ▼ -2.86 (-10.01%)
Zuma Resources / Jun 9 Zuma Resources Limited(ZUMA)	79.08 ▼ -8.79 (-10%)
Ideal Spinning / Jun 9 Ideal Spinning Mills Limited(IDSM)	69.56 ▼ -7.71 (-9.98%)
D.S. Ind. Ltd. / Jun 9 D.S. Industries Limited(DSIL)	11.32 ▼ -0.99 (-8.04%)
Ruby Textile / Jun 9 Ruby Textile Mills Limited(RUBY)	17.06 ▼ -1.43 (-7.73%)
Javedan Corp.(Pref) / Jun 9 Javedan Corp.(Pref)(JVDCPS)	63.15 ▼ -5.25 (-7.68%)
Shakarganj / Jun 9 Shakarganj Limited(SML)	122.02 ▼ -7.83 (-6.03%)
Cresent Jute / Jun 9 Crescent Jute Products Limited(CJPL)	13.86 ▼ -0.85 (-5.78%)
Pak Qatar Gen.Takaful / Jun 9 Pak Qatar General Takaful Limited(PQGTL)	17.34 ▼ -1.03 (-5.61%)
Shahtaj Sugar / Jun 9 Shahtaj Sugar Mills Limited(SHJS)	161.83 ▼ -9.17 (-5.36%)

Stock	Volume
TPL Properties / Jun 9 TPL Properties Limited(TPLP)	56,532,004 ▲ 1.03
TPL Corp Ltd / Jun 9 TPL Corp Limited(TPL)	50,805,586 ▲ 1.3
Pace (Pak) Ltd. / Jun 9 Pace (Pakistan) Limited(PACE)	46,226,087 ▲ 0.49
WorldCall Telecom / Jun 9 Worldcall Telecom Limited(WTL)	25,502,243 ▲ 0.01
Waves Home Appliances / Jun 9 Waves Home Appliances Limited(WAVESAPP)	23,147,389 ▲ 0.42
TRG Pak Ltd / Jun 9 TRG Pakistan Limited(TRG)	19,523,819 ▲ 2.13
First Dawood Prop. / Jun 9 First Dawood Properties Limited(FDPL)	16,241,622 ▲ 0.31
TPL REIT Fund I / Jun 9 TPL REIT Fund I(TPLRF1)	16,207,570 ▲ 0.83
D.S. Ind. Ltd. / Jun 9 D.S. Industries Limited(DSIL)	16,047,600 ▼ -0.99
Pak Int.Bulk / Jun 9 Pakistan International Bulk Terminal(PIBTL)	15,523,458 ▲ 0.17

Capital Value Tax

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