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FBR

Seizure of counterfeit cigarettes: RTO official, AC have divergent viewpoint

ISLAMABAD: The Inland Revenue Officer of the Regional Tax Office (RTO) Rawalpindi and Assistant Commissioner Inland...

Published 23 Apr, 2021 05:12am

Business & Finance

Entities be brought under tax net: KCCI

KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) has proposed that all the entities engaged in business...

Updated 23 Apr, 2021 10:01am

Pakistan

FBR all set to achieve revenue collection target of Rs 4767bn

The IMF had agreed to downward revise tax collection target from Rs 4,967 billion to Rs 4,767 billion for the current fiscal year.

Published 22 Apr, 2021 06:42pm

Pakistan

Sajidullah Siddiqui made FBR Member (IT)

KARACHI: Sajidullah Siddiqui, a BS-21 officer of IRS, has been appointed as Member (IT), Federal Board of Revenue...

Updated 22 Apr, 2021 09:50am

Concessions from China: Economic team quizzed by WB over lack of progress

ISLAMABAD: The World Bank has reportedly quizzed government’s economic team for not showing concrete progress on...

Published 22 Apr, 2021 03:55am

Justice Isa tells SC: ‘Answering questions will be effectively endorsing a patent illegality...’

ISLAMABAD: Justice Qazi Faez Isa said answering questions will be effectively endorsing a patent illegality and...

Published 22 Apr, 2021 03:55am

Business

Steel sector suggests check in massive mis-declaration

ISLAMABAD: The documented steel sector has proposed to the Federal Board of Revenue (FBR) to take measures to check...

Published 22 Apr, 2021 03:55am

Business & Finance

Pakistan Customs introduces Non-Intrusive Inspection System for speedy clearance

The Karachi Port and Port Qasim have Customs scanning facilities installed with the assistance of Japanese Government under JICA program in addition to the scanners of the terminal operators.

Published 21 Apr, 2021 02:27pm

Business & Finance

Former FBR chief urges Tarin to make fundamental corrections

Taking to social media, Zaidi urged the finance minister to make fundamental corrections in the system. He also called for the registration of all industrial and commercial consumers for sales tax.

Published 21 Apr, 2021 10:41am

Business

FBR considering reduction in number of WHT lines

ISLAMABAD: The Federal Board of Revenue’s major guiding principles of tax policy included reduce dependence on...

Published 21 Apr, 2021 03:21am

Business

Tax exemption violation in erstwhile FATA: Senate chairman seeks report from FBR, ministries

ISLAMABAD: Chairman Senate Sadiq Sanjrani Tuesday sought a report from Federal Board of Revenue (FBR) and ministries...

Published 21 Apr, 2021 03:21am

Pakistan

Sanjarni seeks report on violation of tax exemption extended erstwhile FATA

The Chairman has sought a report from the Ministry of Law, Ministry of Finance, and FBR in that regard and in the light of the demands of the trade delegation.

Published 20 Apr, 2021 06:28pm

Opinion

Budgetary framework in IMF programme

The IMF Programme which remained suspended for almost one year has become operational once again. Effectively the...

Published 20 Apr, 2021 04:00am

Business & Finance

Tax evasion in tobacco industry: Experts surprised over claims of Mardan-based company

ISLAMABAD: Leading tax experts and tax advisors are surprised over the claims of a Mardan-based company, which...

Updated 20 Apr, 2021 10:03am

Business & Finance

FBR devises new complaint redressal mechanism against corruption

LAHORE: The Federal Board of Revenue (FBR) has devised a new complaint redressal mechanism to address the complaints...

Updated 20 Apr, 2021 10:03am

Business & Finance

Hackers scamming taxpayers through fake emails, warns FBR

As per details, these fake emails instruct the targeted taxpayers to check the attached Income Tax Defaulters List for their details.

Published 19 Apr, 2021 10:11am

July-March (2020-21): Country imports mobile phones worth $1.535bn: PBS

ISLAMABAD: Pakistan imported mobile phones worth $1.535 billion during July-March (2020-21) compared to $979.965...

Published 18 Apr, 2021 03:09am

Business & Finance

FBR seizes 6m counterfeit cigarettes

ISLAMABAD: The Federal Board of Revenue (FBR) has seized two truckloads of six million counterfeit cigarettes,...

Updated 18 Apr, 2021 10:30am

Business & Finance

FBR drafting new rules to curb sale of unregistered cigarette brands in Pakistan

From July 1, 2021, Track & Trace System would be rolled out to cover tobacco manufacturing across the country, and the AJK Government had approached the Federal Board of Revenue to extend the scope of the Track & Track System to cigarette manufacturing units located inside AJK territory.

Published 17 Apr, 2021 11:49am

Business & Finance

WB, FBR discuss ‘Pakistan Raises Revenue’ program

Asim Ahmad gave an update on the progress of the reforms agenda covering 10 Disbursement Linked Indicators (DLIs) and also shared concerns regarding the difficulties being encountered in progress on reform interventions involving data sharing with provinces and the Sindh High Court stay on the Track and Trace process.

Published 17 Apr, 2021 10:08am

Editorials

Welcome advice from PBC

EDITORIAL: Finance Minister Hammad Azhar should welcome the advice, however unsolicited, that came from the Pakistan...

Published 17 Apr, 2021 03:28am

Pakistan

Cabinet told: Two-pronged approach to be adopted to deal with tax system

ISLAMABAD: The federal cabinet has been informed that a two-pronged approach will be adopted to deal with the narrow...

Updated 16 Apr, 2021 09:56am

Pakistan

CNIC/NTN requirement: Distributors, wholesalers face problem

LAHORE: Distributors and whole-sellers are facing problems in implementation of CNIC/NTN requirement by the Federal...

Updated 16 Apr, 2021 09:57am

Pakistan

Govt urged to cut size of undocumented economy

KARACHI: Chairman of National Business Group and President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian...

Updated 16 Apr, 2021 09:57am

Business

Claiming service input tax: KTBA urges FBR to gradually phase out old system

KARACHI: Federal Board of Revenue (FBR) should phase out old system for claiming service input tax gradually instead...

Published 16 Apr, 2021 03:40am

POL products’ prices slashed

ISLAMABAD: The federal government has announced, on Thursday, a reduction in ex-depot prices of petroleum products...

Published 16 Apr, 2021 03:40am

Personal income tax: FBR trying to reduce number of slabs to 5

ISLAMABAD: The Federal Board of Revenue (FBR) is working on different options to bring down the number of personal...

Published 16 Apr, 2021 03:40am

Business

FBR assures documented steel sector of maximum relief

ISLAMABAD: The Federal Board of Revenue (FBR) has assured the documented steel sector of fixation of minimum value ...

Published 16 Apr, 2021 03:40am

Pakistan

Mandviwalla hopes Fazl will resolve issues with PPP, ANP

ISLAMABAD: Former Senate deputy chairman Saleem Mandviwalla, on Wednesday, expressed his optimism that the chief of...

Published 15 Apr, 2021 03:22am

Unregistered buyers: CNICs numbers to be retained in FY22 budget

ISLAMABAD: The government’s biggest documentation measure to provide Computerized National Identity Card (CNICs)...

Published 15 Apr, 2021 03:22am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 16	278.55
USD PKR Interbank Buying / May 16	278.25
USD to Japanese Yen / May 16	154.33
USD to Swiss Franc / May 16	0.90
Pound Sterling to USD / May 16	1.27
Euro to USD / May 16	1.09

Stock	Volume
S&P 500 / May 15	5308.15
Nasdaq / May 15	16742.39
Dow Jones / May 15	39908
India Sensex / May 16	72771.48
Tokyo Nikkei / May 16	38920.26
Hang Seng / May 16	19336.77
FTSE 100 / May 16	8411.75
Germany DAX 30 / May 16	18842.52

Item	Value
Crude Oil USD/Barrel / May 16	78.95
Karachi Cotton PKR/37.32 KG / May 16	19935
Gold 10 Grams PKR / May 16	210562
Gold Spot USD/Ounce / May 16	2388.50
Cotton US¢/pound / May 16	76.84
Petrol/Litre / May 17	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 17 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 17 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 17 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 17 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 17 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 17 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 17 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 17 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 17 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 17 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 17 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 17 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 17 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 17 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 17 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 17 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 17 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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