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FBR and taxes

FBR’s tax collection hits Rs7tr, says Dar

The Federal Board of Revenue (FBR) has collected Rs7 trillion in tax revenue till June 26, said Finance Minister...

Updated 27 Jun, 2023 05:40pm

Markets

Pakistan will look to impose Rs215bn additional taxes after IMF talks: Dar

Finance minister says 'we have ensured impact of these taxes will not be passed to downtrodden' in address to wind up Federal Budget 2023-24 debate in National Assembly

Updated 25 Jun, 2023 09:00pm

Business & Finance

Sales tax evasion worth billions of rupees detected

ISLAMABAD: The Directorate of Intelligence & Investigation (Inland Revenue) Lahore has detected sales tax ...

Published 22 Jun, 2023 05:45am

Business & Finance

FBR introduces new tax return form for SMEs

ISLAMABAD: The Federal Board of Revenue (FBR) has introduced a new income tax return form for the Small and Medium...

Published 22 Jun, 2023 05:45am

Business & Finance

Collection of duties & taxes: FBR field formations to observe extended working hours

ISLAMABAD: All field formations of the Federal Board of Revenue (FBR) will remain open on June 24 (Saturday) and ...

Published 21 Jun, 2023 05:21am

Business & Finance

Point of sale: FBR directed to issue instructions to field formations

ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to issue instructions to...

Published 09 Jun, 2023 06:20am

Business & Finance

Sindh Revenue Board collects Rs18bn in May, up 28.2% YoY

During the first 11 months (July-May), SRB collected Rs161.3 billion

Published 01 Jun, 2023 03:05pm

Business & Finance

FTO proposes FBR to abolish Section 8B of Sales Tax Act

ISLAMABAD: The Federal Tax Ombudsman (FTO) has proposed the Federal Board of Revenue (FBR) to abolish section 8B of...

Published 01 Jun, 2023 03:34am

Markets

Market says likelihood of tax on companies’ reserves getting green signal ‘low’

Market experts on Wednesday said the likelihood of the government imposing a tax on undistributed profits – reserves...

Published 31 May, 2023 06:31pm

Business & Finance

How deduction for bad debt can be allowed?

LAHORE: No taxpayer can seek a deduction for a debt as bad debt unless it is treated in the books and accounts as ...

Published 31 May, 2023 03:56am

Pakistan

Pakistan will not default, reiterates Ishaq Dar

Finance minister says Pakistan will escape current difficult economic circumstances

Published 24 May, 2023 06:00pm

Business & Finance

Field formations can’t deny benefit of exemption to entitled taxpayers

LAHORE: Field formations of the Federal Board of Revenue (FBR) cannot deny the benefit of an exemption if the...

Published 23 May, 2023 06:14am

Business & Finance

Pharma sector: FBR likely to come up with tax relief measures

ISLAMABAD: The Federal Board of Revenue (FBR) is working on tax relief measures for the pharmaceutical sector to be...

Published 23 May, 2023 06:14am

Business & Finance

Small tax base, high non-compliance incidence causing massive tax evasion

LAHORE: A relatively small tax base and high levels of non-compliance has resulted in massive tax evasion in ...

Published 14 May, 2023 03:24am

Business & Finance

FY24: PBC urges govt to set ‘realistic’ tax target for FBR

ISLAMABAD: Pakistan Business Council (PBC) has asked the government to set a realistic tax target for the Federal...

Published 12 May, 2023 05:59am

Editorials

Towards achieving revenue target

EDITORIAL: The Chairman Federal Board of Revenue (FBR) reportedly shared a detailed plan with Finance Minister Ishaq...

Published 28 Apr, 2023 06:08am

Business & Finance

Collection of govt duties, taxes: Banks to stay open on 29th & 30th

KARACHI: Bank branches and field offices of SBP Banking Services Corporation (SBP-BSC) will remain open on 29th and...

Published 27 Apr, 2023 06:24am

Business & Finance

Saturday, Sunday: FBR extends working hours

ISLAMABAD: The Federal Board of Revenue (FBR) has directed all Large Taxpayer Offices (LTOs), Medium Tax Offices...

Published 18 Apr, 2023 06:21am

Opinion

‘Resilience, helplessness or loss of trust?’

This is apropos a Business Recorder op-ed ‘Resilience, helplessness or loss of trust?’ carried by the newspaper...

Published 15 Apr, 2023 06:19am

Business & Finance

PHMA urges FBR to expedite disbursement of sales tax refunds

LAHORE: The Pakistan Hosiery Manufacturers & Exporters Association (PHMA) on Saturday asked the Federal Board of...

Published 02 Apr, 2023 03:02am

Business & Finance

Single GST return system: FBR, provinces likely to discuss delay soon

ISLAMABAD: The Federal Board of Revenue (FBR) and provinces are expected to sit together during the current week to...

Published 14 Mar, 2023 03:18am

Business & Finance

Business community fears FBR harassment: survey

ISLAMABAD: Business community fears harassment by Federal Board of Revenue (FBR), according to the Taxpayers’...

Published 11 Mar, 2023 03:16am

Editorials

What’s behind lower revenue collection?

EDITORIAL: The shortfall in Federal Board of Revenue’s (FBR’s) collection for the first eight months of the...

Published 10 Mar, 2023 03:46am

Jul-Feb: FBR collection shows Rs240bn shortfall

After the imposition of taxes of Rs 170 billion in the mini-budget, the new annual tax target of the FBR fixed at Rs7.64 trillion

Updated 05 Mar, 2023 01:42pm

Business & Finance

Releasing refunds is not wrong, says Shabbar Zaidi

Former FBR chief says they are handled by field officers

Published 04 Mar, 2023 07:32pm

Business & Finance

FBR imposes sales tax on import of printed materials

ISLAMABAD: The Customs Classification Committee of the Federal Board of Revenue (FBR) has imposed sales tax on the...

Published 04 Mar, 2023 06:10am

Business & Finance

Well-known outlet sealed over failure to install PoS app

RAWALPINDI: The Regional Tax Office (RTO), Rawalpindi, on Thursday sealed a famous business outlet over failure to...

Published 03 Mar, 2023 06:12am

Business & Finance

‘Arbitrary’ notices irk beverage firms

LAHORE: Issuance of arbitrary tax notices to the beverage sector firms without referring disputed matters to the...

Published 02 Mar, 2023 06:23am

Business & Finance

FBR’s audit wings accused of violating law on attaching taxpayers’ bank accounts

LAHORE: The audit wings of the Federal Board of Revenue (FBR) are violating law related to attachment of bank...

Published 01 Mar, 2023 06:21am

Business & Finance

Vehicle importers: FTO tells FBR that MCCs must not show any discrimination

ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to ensure that the Model...

Published 26 Feb, 2023 03:27am

Gainers
Losers
Leaders

Stock	Price
Trust Mod. / Dec 7 Trust Modaraba(TRSM)	2.50 ▲ 0.32 (14.68%)
First Elite Cap.Mod / Dec 7 First Elite Capital Modaraba(FECM)	4.44 ▲ 0.50 (12.69%)
K-Electric Ltd. / Dec 7 K-Electric Limited(KEL)	3.90 ▲ 0.38 (10.80%)
Kohinoor Power / Dec 7 Kohinoor Power Company Limited(KOHP)	5.60 ▲ 0.54 (10.67%)
Dawood Equities / Dec 7 Dawood Equities Limited(DEL)	6.90 ▲ 0.60 (9.52%)
Al-Shaheer Corp / Dec 7 Al Shaheer Corporation Limited(ASC)	11.52 ▲ 1.00 (9.51%)
P.T.C.L. / Dec 7 Pakistan Telecommunication Company Ltd(PTC)	8.90 ▲ 0.77 (9.47%)
IGI Life Ins / Dec 7 IGI Life Insurance Limited(IGIL)	14.01 ▲ 1.00 (7.69%)
Metro Steel / Dec 7 Metropolitan Steel Corporation Limited(MSCL)	24.33 ▲ 1.70 (7.51%)
AEL Textile / Dec 7 AEL Textile Limited(AEL)	22.93 ▲ 1.60 (7.50%)

Stock	Price
Haseeb Waqas / Dec 7 Haseeb Waqas Sugar Mills Limited(HWQS)	8.98 ▼ -1.00 (-10.02%)
Fazal Cloth / Dec 7 Fazal Cloth Mills Limited(FZCM)	164.47 ▼ -13.33 (-7.50%)
Universal Network (GEM) / Dec 7 Universal Network Systems Limited (GEM)(GEMUNSL)	25.44 ▼ -2.06 (-7.49%)
Pak Leather / Dec 7 Pak Leather Crafts Limited(PAKL)	23.23 ▼ -1.77 (-7.08%)
LSE Ventures / Dec 7 LSE Ventures Limited(LSEVL)	5.20 ▼ -0.37 (-6.64%)
Ghazi Fabrics / Dec 7 Ghazi Fabrics International Limited(GFIL)	5.70 ▼ -0.39 (-6.40%)
Saritow Spinning / Dec 7 Saritow Spinning Mills Limited(SSML)	7.50 ▼ -0.50 (-6.25%)
Shezan Inter. / Dec 7 Shezan International Limited(SHEZ)	135.51 ▼ -7.30 (-5.11%)
Pak Hotels / Dec 7 Pakistan Hotels Developers Limited(PHDL)	471.05 ▼ -24.95 (-5.03%)
Otsuka Pakistan / Dec 7 Otsuka Pakistan Limited(OTSU)	154.26 ▼ -7.07 (-4.38%)

Stock	Volume
K-Electric Ltd. / Dec 7 K-Electric Limited(KEL)	143,664,783 ▲ 0.38
Cnergyico PK / Dec 7 Cnergyico PK Limited(CNERGY)	67,647,841 ▲ 0.33
WorldCall Telecom / Dec 7 Worldcall Telecom Limited(WTL)	56,892,842 ▲ 0.06
Hascol Petrol / Dec 7 Hascol Petroleum Limited(HASCOL)	54,500,000 ▲ 0.36
Pak Refinery / Dec 7 Pakistan Refinery Limited(PRL)	42,648,059 ▲ 2.06
Pak Petroleum / Dec 7 Pakistan Petroleum Limited(PPL)	35,324,615 ▲ 1.12
P.T.C.L. / Dec 7 Pakistan Telecommunication Company Ltd(PTC)	29,832,500 ▲ 0.77
The Searle Co. / Dec 7 The Searle Company Limited(SEARL)	28,896,273 ▲ 0.18
Oil & Gas Dev. / Dec 7 Oil & Gas Development Company Limited(OGDC)	28,693,019 ▲ 1.30
Hum Network / Dec 7 Hum Network Limited(HUMNL)	26,154,000 ▲ 0.40

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 7	284.53
USD PKR Interbank Buying / Dec 7	284.03
USD to Japanese Yen / Dec 7	146.80
USD to Swiss Franc / Dec 7	0.88
Pound Sterling to USD / Dec 7	1.25
Euro to USD / Dec 7	1.08
UK LIBOR % / Dec 6	5.47

Stock	Volume
S&P 500 / Dec 6	4549.34
Nasdaq / Dec 6	14146.71
FTSE 100 / Dec 6	7515.38
Dow Jones / Dec 6	36054.43
Germany DAX 30 / Dec 6	16656.44
France CAC40 / Dec 6	7435.99
India Sensex / Dec 7	69549.02
Tokyo Nikkei / Dec 7	32831.35
Hang Seng / Dec 7	16268.89

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 6	17235
Gold 10 Grams PKR / Dec 6	186986
Crude Oil USD/Barrel / Dec 7	69.77
Gold Spot USD/Ounce / Dec 7	2026.24
Cotton US¢/pound / Dec 7	79.89

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FBR and taxes

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