Trends - FBR - Business Recorder

FBR

Anomaly in excise duty: Illegal cigarette trade will get a big boost

ISLAMABAD: The anomaly created by the Federal Board of Revenue (FBR) in new excise duty structure of cigarettes to...

Updated 25 Feb, 2023 08:59am

Business & Finance

FBR head listens to grievances of taxpayers

ISLAMABAD: Chairman Federal Board of Revenue (FBR) Asim Ahmad has advised the taxpayers to visit their nearest...

Published 25 Feb, 2023 06:23am

Opinion

Pakistan: political illusions and economic delusions

There is no pure economics for a state; it is always a political economy. Whilst examining the effect of the present...

Published 24 Feb, 2023 06:00am

Opinion

Countering illicit financial flows

The illicit movement of funds is a global challenge, threatening domestic and international financial systems. The...

Updated 24 Feb, 2023 06:34am

Business & Finance

ADB team meets FBR chairman

ISLAMABAD: The Asian Development Bank (ADB) mission headed by Asad Aleem, Deputy Country Director of ADB, met Asim...

Published 24 Feb, 2023 06:00am

Business & Finance

Role of FD, FBR: Info technology minister makes sardonic comment

ISLAMABAD: The Finance Division and the Federal Board of Revenue (FBR) need to understand the issues being faced by...

Published 24 Feb, 2023 06:00am

Business & Finance

Rs170bn taxes apply to meet IMF conditions: President signs finance bill into law

ISLAMABAD: President Arif Alvi Thursday signed the Finance (Supplementary) Bill, 2023, implementing additional taxes...

Published 24 Feb, 2023 06:00am

Industries/sectors earning over Rs300m: SC directs payment of 4pc super tax within a week

ISLAMABAD: The Supreme Court of Pakistan (SC) has directed the industries/sectors earning income above Rs300 ...

Updated 24 Feb, 2023 08:50am

Import of luxury items ST: FBR empowered to impose higher rate of 25pc

ISLAMABAD: The Finance (Supplementary) Act, 2023 has empowered the Federal Board of Revenue (FBR) to impose a higher...

Updated 24 Feb, 2023 08:45am

Debt and debt instruments: Profit on debt and capital gains given tax exemption

ISLAMABAD: The Federal Board of Revenue (FBR) has exempted income tax on profit on debt and capital gains from debt...

Updated 24 Feb, 2023 08:44am

Business & Finance

PTEA appeals for govt measures to rescue ailing Punjab units

FAISALABAD: Extreme cash flow problems and high production costs have greatly damaged the prospects for growth in...

Published 23 Feb, 2023 07:30am

Business & Finance

FBR to continue inspecting vehicles having no import papers

ISLAMABAD: The Federal Board of Revenue (FBR) will continue the search and inspection of vehicles of goods...

Published 23 Feb, 2023 06:35am

Govt, KE ink deal to settle Rs312.7m dispute

ISLAMABAD: The federal government and K-Electric (KE) are said to have inked a pact to settle 27-year old dispute of...

Updated 23 Feb, 2023 09:23am

Business & Finance

FBR’s online system showing govt depts as ‘inactive’

ISLAMABAD: The Federal Board of Revenue’s (FBR) online system is showing the status of government departments/...

Published 23 Feb, 2023 05:52am

Business & Finance

Lack of banking channel obstacle to enhancing Pak-Iran trade: CG

KARACHI: Consul General of Iran Hasan Noorain has said that the volume of bilateral trade has reached 2 billion US...

Published 23 Feb, 2023 05:52am

Challenge of Rs2.3trn litigations: FBR shares plan with Senate body

ISLAMABAD: The Federal Board of Revenue (FBR) shared a plan with the Senate Standing Committee on Finance to deal...

Updated 22 Feb, 2023 09:07am

South Korean firm seeks extension in taxes

ISLAMABAD: South Korean power firm, M/s KOEN has sought extension in taxes till June 30, 2024 arguing that ...

Updated 22 Feb, 2023 09:08am

Business & Finance

Excessive deductions: FTO asks FBR to stop taxing hired lecturers

LAHORE: Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jah has directed the Federal Board of Revenue (FBR) to stop...

Published 22 Feb, 2023 03:30am

Business & Finance

SCBPL delivers record financial performance

KARACHI: Standard Chartered Bank Pakistan Limited (SCBPL) has delivered a record profit before tax of Rs 50.1...

Published 22 Feb, 2023 03:30am

Editorials

Economic reforms

EDITORIAL: The latest salvo to the country’s leadership urging them to tax the rich and provide subsidies only to...

Published 22 Feb, 2023 03:30am

Business & Finance

Over 600 luxury items: Time period extension: SROs unveiled

ISLAMABAD: The Federal Board of Revenue (FBR) Tuesday extended the time period up to March 31, 2023, for...

Published 22 Feb, 2023 03:30am

IMF, not govt, responsible for stalled lending?

Ministry of Finance claims the government had been requesting IMF to send the mission since October, 2022

Updated 22 Feb, 2023 11:01am

Opinion

Surging govt debt

The statistics on total debt of Pakistan as of end-December 2022 has been released recently by the SBP (State Bank ...

Published 21 Feb, 2023 05:58am

Business & Finance

Jul-Jan: C/A falls hugely on import curbs

KARACHI: The country’s current account deficit (CAD) sharply fell by 67 percent during the first seven months of...

Published 21 Feb, 2023 05:57am

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

Finance (Supplementary) Bill, 2023 adopted: NA acquiesces to IMF tax stipulation

Finance Minister Ishaq Dar says bill proposed to minimise fiscal deficit

Updated 21 Feb, 2023 12:01pm

Air tickets: new rates of FED fixed

According to the new rates, the FED would be applicable on club, business and first-class air tickets issued on or after the date of commencement of the Finance (Supplementary) Bill 2023

Updated 21 Feb, 2023 12:40pm

Imposing/raising time-bound RDs, ACDs: FBR extends time period to March 31st for over 600 luxury items

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to extend the time period up to March 31, 2023, for...

Updated 21 Feb, 2023 09:00am

Business & Finance

IMF bailout alone cannot put economy back on track, says BMP

LAHORE: As the annual inflation rate has hit the new high of 38.42 percent for the previous week the Federation of...

Published 20 Feb, 2023 06:26am

Opinion

Who has cost Pakistan more?

The blame game for the prevailing deep economic crisis continues with only one out of the three national parties,...

Published 20 Feb, 2023 06:26am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 10	278.14
USD PKR Interbank Buying / May 10	277.97
USD to Japanese Yen / May 10	155.70
USD to Swiss Franc / May 10	0.91
Pound Sterling to USD / May 10	1.25
Euro to USD / May 10	1.08

Stock	Volume
S&P 500 / May 9	5214.08
Nasdaq / May 9	16346.27
Dow Jones / May 9	39387.76
India Sensex / May 10	72468.66
Tokyo Nikkei / May 10	38229.11
Hang Seng / May 10	18970.69
FTSE 100 / May 10	8438.19
Germany DAX 30 / May 10	18827.29

Item	Value
Crude Oil USD/Barrel / May 10	79.87
Karachi Cotton PKR/37.32 KG / May 10	19935
Gold 10 Grams PKR / May 10	209019
Gold Spot USD/Ounce / May 10	2369.35
Cotton US¢/pound / May 10	78.18
Petrol/Litre / May 11	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 11 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 11 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 11 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 11 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 11 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 11 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 11 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 11 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 11 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 11 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 11 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 11 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 11 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 11 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 11 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 11 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 11 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 11 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 11 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 11 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 11 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 11 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 11 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 11 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 11 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 11 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 11 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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