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FBR

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

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

Opinion

Actions should suit resources

We are back into the IMF’s 3-year $6 billion Extended Fund Facility (EFF) arrangement having received a $500...

Published 14 Apr, 2021 03:21am

Foreign investors promised tax relief, incentives in FY22 budget

ISLAMABAD: The Federal Board of Revenue (FBR) Tuesday assured top foreign investors maximum tax relief and ...

Updated 14 Apr, 2021 10:10am

Availability of essential items: PM for strict vigilance

ISLAMABAD: Prime Minister Imran Khan Tuesday directed for a strict vigilance over availability of essential...

Updated 14 Apr, 2021 10:11am

Smuggling, parallel trade of food items: Customs taking steps towards enforcement of SRO

ISLAMABAD: The Customs authorities are taking appropriate steps for the enforcement of SRO237(I)/2019 to check...

Published 14 Apr, 2021 03:21am

Business & Finance

Income tax returns increase 8pc for tax year 2020

LAHORE: Income tax returns for tax year 2020 have reached 2.8 million compared to 2.6 million last year, showing an...

Updated 14 Apr, 2021 10:11am

Pakistan

PM directs strict vigilance of daily commodities during Ramazan

He was chairing a high-level meeting to review availability of daily use items and their prices during the holy month of Ramazan, PM office media wing in a press release said.

Updated 14 Apr, 2021 12:02am

Business & Finance

FBR assures full support to business community

The Chief Commissioner welcomed RCCI budget proposals, including extension in integration of POS systems, tax audits, updating profiles for Active Tax Payers List (ATL), recovery notices and payments on installments.

Published 13 Apr, 2021 10:37am

Pakistan

Shaukat Tarin visits FBR

ISLAMABAD: Member Economic Advisory Council (EAC) Shaukat Tarin, Monday, visited the Federal Board of Revenue (FBR)...

Updated 13 Apr, 2021 09:32am

Opinion

Correction or collection?

The Pakistan Tehrik-e-Insaf (PTI) government is trapped in the dilemma of ‘correction or collection’ especially...

Published 13 Apr, 2021 04:31am

Business

CRTO assures to examine issues of higher turnover tax on yarn traders

KARACHI: Chief Commissioner Corporate Regional Tax Office (CRTO) Karachi Federal Board of Revenue (FBR) Dr Aftab...

Published 13 Apr, 2021 04:31am

Business

SMEDA suggests simplification of tax procedures

LAHORE: The Small and Medium Enterprises Development Authority (SMEDA) in its budget proposals for 2021-22 has...

Published 13 Apr, 2021 04:31am

Business & Finance

Cigarette industry for uniform implementation of policies

KARACHI: Cigarette industry, one of the largest tax payer sector, has urged the federal government for uniform...

Updated 13 Apr, 2021 09:29am

Pakistan

FBR’s track and trace system: KTC offers assistance to PM

ISLAMABAD: The Khyber Tobacco Company (KTC) has offered Prime Minister Imran Khan all possible assistance for...

Updated 12 Apr, 2021 09:17am

Business

Mixed reaction on promulgation of Tax Laws Ord

ISLAMABAD: Dr Muhammad Iqbal, a former member Tax Policy of the Federal Board of Revenue (FBR) said that Tax Laws...

Published 12 Apr, 2021 03:59am

Markets

APCPLA expresses concern over high prices of yarn

FAISALABAD: Chairman All Pakistan Cotton Power Looms Association Rana Azhar Waqar has said that despite fall in ...

Published 11 Apr, 2021 05:27am

Crude oil: Customs says has not cleared any Iranian ship till date

ISLAMABAD: Customs authorities at ports across Pakistan have not cleared any Iranian origin ship containing crude ...

Published 11 Apr, 2021 05:27am

Opinion

Erstwhile FATA/PATA: Tax issues — II

The FBR has recently issued the following circulars in respect of streamlining the exemptions available in the...

Published 10 Apr, 2021 04:35am

Asim made FBR chairman

ISLAMABAD: Asim Ahmad, FBR Member IT (BS-21 officer of Inland Revenue Service), has assumed the charge of chairman...

Published 10 Apr, 2021 04:34am

Covid-19: Proposed anti-smuggling law envisages heavy fines

ISLAMABAD: A proposed law has empowered the law enforcement agencies and customs to impose heavy fines on smugglers...

Published 10 Apr, 2021 04:34am

Business & Finance

TAS taxpayers’ info: FBR refusal may be challenged before PIC: LHC

ISLAMABAD: Lahore High Court (LHC) has observed that the Federal Board of Revenue's refusal to provide detail of...

Published 10 Apr, 2021 04:34am

Business & Finance

UBG proposes 40 growth-oriented budget proposals

LAHORE: United Business Group (UBG) on Friday sent a set of 40 growth oriented proposals for the upcoming federal...

Published 10 Apr, 2021 04:34am

Business & Finance

Govt appoints Asim Ahmed as FBR Chairman

The FBR Chairman, Javed Ghani, was set to retire on April 10th, i.e., two months before the announcement of the federal budget.

Published 09 Apr, 2021 04:18pm

Pakistan

Plea bargain: NAB distributes over Rs1bn among state functionaries

KARACHI: National Accountab-ility Bureau (NAB) Karachi distributed cheques of over Rs 1 billion to various state...

Updated 09 Apr, 2021 09:22am

Opinion

Erstwhile FATA/PATA: Tax issues — I

The merger of Federally Administered Tribal Areas (FATA) with Khyber Pakhtunkhwa and Provincially Administered ...

Published 09 Apr, 2021 04:51am

Pakistan

600 flats to be given to slum dwellers: PM performs ground-breaking of low-cost housing units

ISLAMABAD: For the first time in country’s history, 600 out of 4,000 apartments will be given to slum dwellers as...

Updated 09 Apr, 2021 09:23am

Sugar mills in Punjab: FIA sends questionnaires to CFOs, owners

LAHORE: A day after serving call-up notices to five more sugar mills, the Federal Investigation Agency (FIA) has ...

Published 09 Apr, 2021 04:51am

Business & Finance

Govt pledges to bring GST, PIT reforms in next budget

ISLAMABAD: Tax revenues, net of refunds, grew 12 percent on year to year while the government has pledged to the...

Updated 09 Apr, 2021 09:19am

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jul 4 786 Investments Limited(786)	5.00 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jul 4 Al-Abbas Sugar Mills Limited(AABS)	272.50 ▼ 0.00 (0.00%)
Agro Allianz / Jul 4 Agro Allianz Limited(AAL)	16.00 ▼ 0.00 (0.00%)
AL-Abid Silk / Jul 4 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jul 4 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jul 4 Allied Bank Limited(ABL)	69.05 ▼ 0.00 (0.00%)
Abbott Lab. / Jul 4 Abbott Laboratories (Pakistan) Limited(ABOT)	666.00 ▼ 0.00 (0.00%)
Abson Ind. / Jul 4 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jul 4 Alfalah Consumer Index ETF.(ACIETF)	7.84 ▼ 0.00 (0.00%)
Attock Cement / Jul 4 Attock Cement Pakistan Limited(ACPL)	67.13 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jul 4 786 Investments Limited(786)	5.00 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jul 4 Al-Abbas Sugar Mills Limited(AABS)	272.50 ▼ 0.00 (0.00%)
Agro Allianz / Jul 4 Agro Allianz Limited(AAL)	16.00 ▼ 0.00 (0.00%)
AL-Abid Silk / Jul 4 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jul 4 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jul 4 Allied Bank Limited(ABL)	69.05 ▼ 0.00 (0.00%)
Abbott Lab. / Jul 4 Abbott Laboratories (Pakistan) Limited(ABOT)	666.00 ▼ 0.00 (0.00%)
Abson Ind. / Jul 4 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jul 4 Alfalah Consumer Index ETF.(ACIETF)	7.84 ▼ 0.00 (0.00%)
Attock Cement / Jul 4 Attock Cement Pakistan Limited(ACPL)	67.13 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 30	204.90
USD PKR Interbank Buying / Jun 30	204.70
USD to Japanese Yen / Jul 1	135.21
USD to Swiss Franc / Jul 1	0.96
Pound Sterling to USD / Jul 1	1.21
Euro to USD / Jul 1	1.04
UK LIBOR % / Jul 1	1.58

Stock	Volume
S&P 500 / Jul 1	3825.33
India Sensex / Jul 1	52907.93
Tokyo Nikkei / Jul 1	26935.62
Nasdaq / Jul 1	11127.84
Hang Seng / Jul 1	21859.79
FTSE 100 / Jul 1	7168.65
Dow Jones / Jul 1	31097.26
Germany DAX 30 / Jul 1	12813.03
France CAC40 / Jul 1	5931.06

Item	Value
Crude Oil USD/Barrel / Jul 1	108.43
Karachi Cotton PKR/37.32 KG / Jul 1	17380.00
Gold 10 Grams PKR / Jul 1	119100.00
Gold Spot USD/Ounce / Jul 1	1811.43
Cotton US¢/pound / Jul 1	97.48

FBR

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