Trends - FBR - Business Recorder

FBR

FBR asked to provide fiscal incentives to farmers

ISLAMABAD: A parliamentary panel has recommended the Federal Board of Revenue (FBR) to provide fiscal incentives to...

Updated 12 Feb, 2021 11:46pm

Pakistan

FBR directed to expedite process of refunds

The minister also accorded approval for the establishment of ‘Tax Policy Unit’ under the administrative control of the Finance Division.

Published 11 Feb, 2021 08:39pm

Pakistan

FBR Chairman to hold E-Kutchery on Friday

The exercise is being undertaken to facilitate the taxpayers.

Published 11 Feb, 2021 08:01pm

Pakistan

ECP to use online technology for Senate election

He said that a letter has been written in this regard to all such departments and sought their support for holding Senate elections in a transparent way.

Published 11 Feb, 2021 06:20pm

FBR issues new system for electronic IT refunds

ISLAMABAD: The Centralized Income Tax Refund Office (CITRO) of the Federal Board of Revenue (FBR) will generate...

Published 11 Feb, 2021 04:34am

Pakistan

Restaurants and eateries: RTO Islamabad launches crackdown

ISLAMABAD: The Regional Tax (RTO) Islamabad has launched crackdown against the restaurants and eateries who are...

Updated 10 Feb, 2021 09:43am

FBR reviews fertilizer sector’s tax exemption proposal

ISLAMABAD: The Federal Board of Revenue (FBR) is reviewing a proposal of the fertiliser sector to grant exemption...

Published 10 Feb, 2021 04:12am

Pakistan

Status of FBR tribunals: Parliamentary panel seeks briefing from law ministry

ISLAMABAD: A parliamentary panel sought detailed briefing on the status of the Federal Board of Revenue (FBR)...

Updated 09 Feb, 2021 10:10am

Opinion

Budgetary outcome in 1HFY21

The Federal Budget for 2020-21 which was presented to the National Assembly contains some moderately ambiguous...

Published 09 Feb, 2021 04:43am

Opinion

Benefits of digitizing documents

The puzzle of documentation is not getting solved. The cash (or more broadly the informal) economy is growing ...

Published 07 Feb, 2021 04:07am

Presidential Ordinance: Corporate sector IT exemptions may be withdrawn

ISLAMABAD: The government is likely to withdraw the corporate sector income tax exemptions through a Presidential...

Published 07 Feb, 2021 04:07am

FBR delineates applicability of AMLA

ISLAMABAD: The Anti-Money Laundering Act applies to lawyers and law firms, notaries, other legal professionals,...

Published 07 Feb, 2021 04:07am

Govt mulling slapping additional taxes on cars from next week

ISLAMABAD: The government is considering promulgation of tax amendment ordinance next week, it was learnt on ...

Published 06 Feb, 2021 04:06am

Appeal for enforcement of any provision of Customs Act, 1969: SC urged to decide whether any order can be passed by IPT, high court

ISLAMABAD: The Supreme Court has been urged to decide whether any order can be passed by the Intellectual Property...

Published 06 Feb, 2021 04:06am

Business & Finance

Duty-Free Imports Of Electric 2-3 Wheelers Allowed in Pakistan: FBR

FBR announced exemptions from Additional Customs Duty (ACD) on imports of electric 2-3 wheelers till the 30th of June, 2025.

Published 05 Feb, 2021 03:29pm

Business & Finance

Highest technical score: FBR body ready to redress complaints of bidders

ISLAMABAD: To ensure transparency in addressing any concerns of the bidders, the Federal Board of Revenue (FBR)’s...

Updated 05 Feb, 2021 11:49pm

FBR abolishes additional duty

ISLAMABAD: The Federal Board of Revenue (FBR) has abolished additional customs duty on the import of electric...

Published 04 Feb, 2021 04:13am

Business

Import of 52 fire fighting vehicles exempted from ST

ISLAMABAD: The Federal Board of Revenue (FBR) has exempted the import of 52 fire fighting vehicles from payment of ...

Published 04 Feb, 2021 04:13am

Business

Monthly sales tax returns software: FBR directs PRAL to include 3rd schedule items

LAHORE: The Federal Board of Revenue (FBR) has directed the Pakistan Revenue Automation (Pvt) Limited (PRAL) to...

Published 04 Feb, 2021 04:13am

Business & Finance

FBR urges Taxpayers to resolve cases through ADRC

Even prior to launching of E-filing, disposal of cases have been surpassing the assigned targets as per the Performance Agreement.

Published 03 Feb, 2021 03:21pm

Business & Finance

Double digit growth in OMCs volume sales continue

“We attribute continues uptick in HSD to government efforts in curbing HSD smuggling along with resumption of economic activities. Up till now, FBR has sealed 1556 retail outlets across the country from 2094 illegal retail outlets,” stated the report.

Published 03 Feb, 2021 12:21pm

Pakistan

Oct-Dec 2020: Higher courts dispose of 934 tax cases

ISLAMABAD: The higher courts, including the Supreme Court of Pakistan, have disposed of 934 tax cases involving...

Updated 03 Feb, 2021 09:29am

Justice Isa’s cell phone hacked

ISLAMABAD: The Supreme Court on Tuesday notified that Justice Qazi Faez Isa’s cell phone has been hacked. The SC...

Published 03 Feb, 2021 04:35am

Pakistan

FBR finalizes evaluation of applications for Track & Trace System of specified goods

Initially 11 bids were received out of which 8 bids were technically qualified, said FBR statement issued here.

Published 02 Feb, 2021 09:07pm

Business & Finance

Track and Trace System: FBR completes Application Evaluation

Federal Board of Revenue (FBR) has finalized the evaluation of applications for Track & Trace System for Tobacco, Cement, Sugar and Fertilizer.

Published 02 Feb, 2021 09:41am

FBR abolishes 2pc ACD on import of 152 items

ISLAMABAD: The Federal Board of Revenue (FBR) has abolished two percent Additional Customs Duty (ACD) on the import...

Published 31 Jan, 2021 03:35am

Pakistan

FBR surpasses tax collection target, collects Rs 2570bn in 7 months

This is the first double-digit monthly growth during the fiscal year.

Published 30 Jan, 2021 08:17pm

Business & Finance

Alvi lashes out at FBR, orders to recover over Rs.14mn in bogus tax refunds case

The President on Friday rejected FBR's representation against the order of Federal Tax Ombudsman (FTO) in a case of bogus tax refunds worth over 14 million rupees made to a fake Registered Person.

Published 29 Jan, 2021 03:34pm

Markets

Volume of business remains low on cotton market

KARACHI: The local cotton market remained stable on Thursday. Market sources told that trading volume was low....

Published 29 Jan, 2021 04:55am

Editorials

The taxation puzzle

EDITORIAL: In a webinar last week, Punjab Revenue Authority (PRA) chairman said that high rates of taxes remained ...

Published 29 Jan, 2021 04:55am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 17	278.30
USD PKR Interbank Buying / May 17	278.10
USD to Japanese Yen / May 17	155.67
USD to Swiss Franc / May 17	0.91
Pound Sterling to USD / May 17	1.27
Euro to USD / May 17	1.09

Stock	Volume
S&P 500 / May 16	5297.10
Nasdaq / May 16	16698.32
Dow Jones / May 16	39869.38
India Sensex / May 17	73946.83
Tokyo Nikkei / May 17	38787.38
Hang Seng / May 17	19525.75
FTSE 100 / May 17	8430.62
Germany DAX 30 / May 17	18692.83

Item	Value
Crude Oil USD/Barrel / May 17	79.59
Karachi Cotton PKR/37.32 KG / May 17	19935
Gold 10 Grams PKR / May 17	210048
Gold Spot USD/Ounce / May 17	2386.18
Cotton US¢/pound / May 17	76.29
Petrol/Litre / May 18	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 18 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 18 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 18 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 18 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 18 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 18 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 18 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 18 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 18 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 18 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 18 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 18 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 18 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 18 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 18 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 18 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 18 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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