Trends - FBR tax collection - Business Recorder

FBR tax collection

Tax targets versus tax gap—I

“…the FBR’s revenue target has been increased to Rs 9,415 billion, requiring a 31% increase over collection of...

Updated 14 Jul, 2023 06:47am

Business & Finance

July-June (2022-23): Rs496bn shortfall in collection

ISLAMABAD: Federal Board of Revenue (FBR) has provisionally collected Rs 7144 billion during July-June (2022-23)...

Published 29 Jun, 2023 04:19am

Tax expenditures constitute 36.43pc of FBR tax collection?

ISLAMABAD: The tax expenditures remained 36.43 percent of the total Federal Board of Revenue (FBR) tax collection in...

Updated 12 Jun, 2023 08:43am

Monthly update: Inflation to remain on upward trajectory: MoF

ISLAMABAD: Inflation to remain on a higher trajectory despite monetary tightening primarily due to rupee...

Updated 31 May, 2023 08:53am

Pakistan

Pakistan will not default, reiterates Ishaq Dar

Finance minister says Pakistan will escape current difficult economic circumstances

Published 24 May, 2023 06:00pm

Slow growth, rising inflation: SBP projects a double whammy for country

Says demand management measures and floods in 2022 have weighed heavily on the country’s growth outlook for FY23

Updated 20 May, 2023 07:23pm

Business & Finance

July-March: FBR suffers massive shortfall of Rs304bn

ISLAMABAD: Despite imposition of additional taxes of Rs 170 billion on February 14, the Federal Board of Revenue...

Published 01 Apr, 2023 07:24am

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 surpasses Feb revenue collection target

ISLAMABAD: The Federal Board of Revenue (FBR) has exceeded the assigned revenue collection target of Rs 527 billion...

Published 02 Mar, 2023 06:23am

Business & Finance

Rs2bn shortfall in Feb collection

ISLAMABAD: The Federal Board of Revenue (FBR) has provisionally collected Rs 525 billion in February 2023 against ...

Published 01 Mar, 2023 06:21am

Editorials

Raise in FBR tax collection target

EDITORIAL: Additional taxation measures of 170 billion rupees tabled in parliament on 15 February by Finance ...

Published 21 Feb, 2023 05:57am

Income tax on salaried people: FBR identifies Rs28bn gap

ISLAMABAD: The tax gap for income tax on salaried income is approximately Rs28 billion and non-salaried...

Updated 12 Jan, 2023 10:43am

Business & Finance

FBR sees Rs1289bn tax gap for 2022

ISLAMABAD: The Federal Board of Revenue (FBR) has worked out overall tax gap of Rs1,289 billion during 2022, which...

Published 10 Jan, 2023 06:28am

Opinion

FBR: Dwindling tax collection

Pakistan has one of the world’s lowest tax ratios, stemming from five main weaknesses: complexity, a narrow tax...

Published 06 Jan, 2023 05:58am

Business & Finance

Monthly economic update, outlook: Manageable CAD, its guaranteed financing required: FD

ISLAMABAD: The Finance Division has acknowledged that a manageable current account deficit and its guaranteed...

Published 30 Nov, 2022 07:01am

Revenue shortfall may ‘force’ FBR to tax banking profits as well

If revenue shortfall continues in November 2022, then there is a strong possibility of new taxation measures including a gradual increase in sales tax on petroleum products

Updated 14 Nov, 2022 10:08am

Business & Finance

Persons not appearing on ATL: Commissioners told to enforce collection of higher rates of WHT by banks

ISLAMABAD: The Federal Board of Revenue (FBR) Chairman Asim Ahmad Friday directed Chief Commissioners Inland Revenue...

Updated 05 Nov, 2022 11:31am

Business & Finance

Income tax return deadline extended till Nov 30

ISLAMABAD: The Federal Board of Revenue (FBR) has provisionally collected Rs 512 billion in October 2022 against the...

Updated 01 Nov, 2022 10:47am

MoF Outlook: Challenges ahead as flood damages to impact whole economy

ISLAMABAD: Pakistan is faced with challenging economic environment subsequent to damages caused by the floods,...

Updated 31 Oct, 2022 10:22am

AGP flags wrong collection of certain WHTs

ISLAMABAD: The Auditor General of Pakistan (AGP) has found that the Federal Board of Revenue (FBR) is wrongly...

Updated 12 Oct, 2022 09:26am

Business & Finance

FBR: Aug collection surpasses target

ISLAMABAD: The Federal Board of Revenue (FBR) has provisionally collected net revenue of Rs 489 billion during ...

Published 01 Sep, 2022 06:34am

FBR achieves budgeted target of Rs5.829trn

ISLAMABAD: The Federal Board of Revenue (FBR) has achieved the budgeted target of Rs5,829 billion set for the whole...

Updated 23 Jun, 2022 09:59am

Stalled IMF programme: Revival ‘in a day or two’, insists Miftah

ISLAMABAD: Finance Minister Miftah Ismail said Monday that an agreement is likely to reach with the International...

Updated 21 Jun, 2022 09:56am

Business & Finance

Rs29bn shortfall in March collection

ISLAMABAD: The Federal Board of Revenue (FBR) has provisionally collected Rs 575 billion during March 2022 against...

Published 01 Apr, 2022 05:41am

BR Research

CPI: dangerous times ahead!

Inflation hammer is at its full swing. The headline number stood at 11.5 percent in November, highest since Feb-20....

Published 02 Dec, 2021 08:07am

FBR receives record 2.6m tax returns with Rs48.6bn deposits

ISLAMABAD: The Federal Board of Revenue (FBR) has received a staggering number of 2.6 million returns and collected...

Updated 16 Oct, 2021 09:35am

Gainers
Losers
Leaders

Stock	Price
Haseeb Waqas / Dec 1 Haseeb Waqas Sugar Mills Limited(HWQS)	10.38 ▲ 1.00 (10.66%)
Bela Auto / Dec 1 Bela Automotives Limited(BELA)	8.79 ▲ 0.81 (10.15%)
Dewan Sugar / Dec 1 Dewan Sugar Mills Limited(DWSM)	2.70 ▲ 0.21 (8.43%)
Sec. Inv. Bank / Dec 1 Security Investment Bank Limited(SIBL)	6.50 ▲ 0.46 (7.62%)
Bannu Woollen / Dec 1 Bannu Woollen Mills Limited(BNWM)	30.21 ▲ 2.11 (7.51%)
Chashma / Dec 1 Chashma Sugar Mills Limited(CHAS)	65.58 ▲ 4.58 (7.51%)
Crescent Steel / Dec 1 Crescent Steel & Allied Products Limited(CSAP)	43.53 ▲ 3.04 (7.51%)
IBL HealthCare / Dec 1 IBL HealthCare Limited(IBLHL)	39.95 ▲ 2.79 (7.51%)
Atlas Honda Ltd / Dec 1 Atlas Honda Limited(ATLH)	373.27 ▲ 26.04 (7.50%)
MithchellsFruit / Dec 1 Mitchells Fruit Farms Limited(MFFL)	245.32 ▲ 17.12 (7.50%)

Stock	Price
Nazir Cotton Mills / Dec 1 Nazir Cotton Mills Limited(NCML)	3.07 ▼ -0.83 (-21.28%)
Trust Mod. / Dec 1 Trust Modaraba(TRSM)	1.43 ▼ -0.17 (-10.63%)
Dar-es-Salaam / Dec 1 Dar-es-Salaam Textile Mills Limited(DSML)	8.30 ▼ -0.95 (-10.27%)
Trust Sec.& Brok. / Dec 1 Trust Securities & Brokerage Limited(TSBL)	9.06 ▼ -0.94 (-9.40%)
Jahangir Sidd(Pref) / Dec 1 Jahangir Sidd(Pref)(JSCLPSA)	8.51 ▼ -0.74 (-8.00%)
Ideal Sp. / Dec 1 Ideal Spinning Mills Limited(IDSM)	14.66 ▼ -1.19 (-7.51%)
AKD Hospitality / Dec 1 AKD Hospitality Limited(AKDHL)	159.28 ▼ -12.91 (-7.50%)
Blessed Tex. / Dec 1 Blessed Textiles Limited(BTL)	317.28 ▼ -25.72 (-7.50%)
Universal Network (GEM) / Dec 1 Universal Network Systems Limited (GEM)(GEMUNSL)	32.99 ▼ -2.67 (-7.49%)
Metro Steel / Dec 1 Metropolitan Steel Corporation Limited(MSCL)	21.37 ▼ -1.73 (-7.49%)

Stock	Volume
B.O.Punjab / Dec 1 The Bank of Punjab(BOP)	50,052,966 ▼ -0.21
Cnergyico PK / Dec 1 Cnergyico PK Limited(CNERGY)	35,689,157 ▼ -0.07
Pak Refinery / Dec 1 Pakistan Refinery Limited(PRL)	35,409,231 ▼ -0.13
Fauji Fert Bin / Dec 1 Fauji Fertilizer Bin Qasim Limited(FFBL)	32,650,500 ▲ 1.67
WorldCall Telecom / Dec 1 Worldcall Telecom Limited(WTL)	30,751,189 ▼ -0.01
Fauji Foods Ltd / Dec 1 Fauji Foods Limited(FFL)	30,039,307 ▲ 0.58
Kohinoor Spining / Dec 1 Kohinoor Spinning Mills Limited(KOSM)	23,573,500 ▼ -0.20
The Searle Co. / Dec 1 The Searle Company Limited(SEARL)	21,694,598 ▼ -0.38
Dewan Cement / Dec 1 Dewan Cement Limited(DCL)	21,032,000 ▲ 0.07
Fauji Cement / Dec 1 Fauji Cement Company Limited(FCCL)	15,482,500 ▲ 0.67

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 30	285.78
USD PKR Interbank Buying / Nov 30	285.23
USD to Japanese Yen / Nov 30	147.02
USD to Swiss Franc / Nov 30	0.87
Pound Sterling to USD / Nov 30	1.27
Euro to USD / Nov 30	1.10
UK LIBOR % / Nov 29	5.46

Stock	Volume
S&P 500 / Nov 29	4550.58
Nasdaq / Nov 29	14258.49
Dow Jones / Nov 29	35430.42
India Sensex / Nov 30	66809.11
Tokyo Nikkei / Nov 30	33486.89
Hang Seng / Nov 30	17042.88
FTSE 100 / Nov 30	7437.50
Germany DAX 30 / Nov 30	16203.24
France CAC40 / Nov 30	7279.08

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 29	17735
Gold 10 Grams PKR / Nov 29	185614
Crude Oil USD/Barrel / Nov 30	78.06
Gold Spot USD/Ounce / Nov 30	2044.28
Cotton US¢/pound / Nov 30	79.69

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FBR tax collection

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