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FBR

‘Steel sector not making windfall profits’ FBR should avoid ‘targeted taxation’: PALSP

ISLAMABAD: The documented steel sector has claimed that the steel sector is not making any windfall profit margins...

Published 24 May, 2022 05:35am

Business & Finance

Fixed tax scheme being worked out: Only small shopkeepers, not Tier-I retailers, to be covered

ISLAMABAD: The Federal Board of Revenue (FBR) is working on a simplified fixed tax scheme for small traders in the...

Published 24 May, 2022 05:35am

Business & Finance

POS invoicing prize scheme: RTO’s IR inspector caught misusing authority

ISLAMABAD: An Inland Revenue inspector of the Regional Tax Office (RTO) Bahawalpur, deputed at a sweet shop to...

Published 24 May, 2022 05:35am

Diplomatic missions, privileged persons: FBR illegally restores ST exemption on imports

ISLAMABAD: The Federal Board of Revenue (FBR) has overstepped its legal domain by unilaterally restoring sales tax...

Updated 24 May, 2022 11:40am

FBR introduces new rules: PSW: Cross-border trade linked to ‘identity evidence’

ISLAMABAD: All importers and exporters carrying out cross-border trade transactions through the Pakistan Single...

Updated 24 May, 2022 09:29am

World Bank’s RISE-II: Pakistan told it can lose funding if prior actions not completed

ISLAMABAD: World Bank (WB) has warned the government that Pakistan will lose a part of FY 23 funds from...

Updated 23 May, 2022 09:55am

FBR eyes new taxation steps with a view to achieving Rs7,255bn target

ISLAMABAD: The Federal Board of Revenue (FBR) will propose new taxation measures of over Rs 300-350 billion to...

Updated 23 May, 2022 10:02am

FBR asked to disclose all amnesty scheme-related details

ISLAMABAD: Pakistan Information Commission (PIC) has directed the Federal Board of Revenue (FBR) to disclose...

Updated 23 May, 2022 09:53am

Track-and-trace system: FBR to issue new deadline to tobacco sector

ISLAMABAD: The Federal Board of Revenue (FBR) will issue a new deadline beyond May 20, 2022 for the documented...

Updated 23 May, 2022 10:06am

Business & Finance

FBR to upgrade its data centres, says report on ‘Reforms-2022’

ISLAMABAD: The Federal Board of Revenue (FBR) will upgrade its data centres to the latest, state-of-the-art...

Published 23 May, 2022 06:15am

Pakistan

‘FTO provided relief to over 1,900 taxpayers in five months’

LAHORE: Federal Tax Ombudsman (FTO) Dr Asif Mehmood Jah has said that his office has provided relief to more than...

Published 22 May, 2022 06:03am

Pakistan

FBR chief, 2 other officers promoted to BS-22

ISLAMABAD: The Federal Board of Revenue (FBR) on Saturday promoted three BS-21 officers of the Inland Revenue ...

Published 22 May, 2022 06:03am

Business & Finance

GST refund to over 9000 cars’ buyers: FTO places comprehensive mechanism for FBR

ISLAMABAD: The Federal Tax Ombudsman (FTO) has placed a comprehensive mechanism for the Federal Board of Revenue...

Published 22 May, 2022 06:03am

FBR clarification

ISLAMABAD: The Federal Board of Revenue (FBR) has clarified that the FBR is not considering changing the status of...

Published 21 May, 2022 04:34am

Sectors earning ‘windfall’ profits: FBR envisages ‘targeted’ taxation

ISLAMABAD: The Federal Board of Revenue (FBR) is preparing budget proposals based on “targeted taxation” for...

Updated 21 May, 2022 10:56am

E-notices given legal cover by FBR

ISLAMABAD: The Federal Board of Revenue (FBR) has given legal cover to electronically-served notices in cases where...

Updated 21 May, 2022 10:50am

Experts see no major adverse impact on tax collection

ISLAMABAD: The Federal Board of Revenue’s revenue collection at the import stage would not have any significant...

Updated 20 May, 2022 10:16am

FBR sends case of ‘fake supplies’ to its relevant wing for investigation

ISLAMABAD: On the recommendations of the Federal Tax Ombudsman (FTO), the Federal Board of Revenue (FBR) has ...

Published 20 May, 2022 05:15am

Business & Finance

Ban on luxury items: Business community doubtful about outcomes

KARACHI: The leadership of Businessmen Group (BMG), while referring to FBR’s recommendations to impose ban on...

Published 20 May, 2022 05:15am

Business & Finance

DII (IR) official removed from service for ‘aiding’ accused

ISLAMABAD: The Federal Board of Revenue (FBR) has dismissed from services, an official of the Directorate of...

Published 19 May, 2022 06:58am

Business & Finance

Pharmaceutical companies: FBR body agrees to resolve ST refunds-related issues

ISLAMABAD: The Issues Resolution Committee of the Federal Board of Revenue (FBR) has agreed to resolve sales tax...

Published 19 May, 2022 06:14am

Govt seeks more SDRs from IMF to propel economy

Minister for Finance Miftah Ismail holds virtual meeting with IMF Mission Chief Nathan Porter

Updated 19 May, 2022 10:32am

Non-essential items, luxury goods import: FTO asks FBR to notify enhanced RD rates ‘without delay’

ISLAMABAD: Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jah has strongly recommended to the FBR to immediately issue ...

Updated 19 May, 2022 10:24am

Business & Finance

Faulty integration of Tier-1 retailers: FTO has received over 100 complaints against FBR

ISLAMABAD: The Federal Tax Ombudsman (FTO) has received over 100 individual complaints of the newly integrated ...

Published 19 May, 2022 05:29am

Pakistan

NAB reference: Hafeez Sheikh granted protective bail by SHC

KARACHI: Former Finance Minister Abdul Hafeez Sheikh has been granted protective bail from the Sindh High Court...

Published 18 May, 2022 05:54am

IMF talks to begin today at Doha

ISLAMABAD: Finance Minister Miftah Ismail said on Tuesday that a team of the Finance Division has gone to Doha (on...

Updated 18 May, 2022 10:43am

Pakistan

FBR cautions officials over scam calls

ISLAMABAD: The Federal Board of Revenue (FBR) has cautioned all tax officers/officials that unscrupulous elements ...

Published 17 May, 2022 06:29am

Opinion

Outlook for the FY23 federal budget

The federal budget for 2022-23 is likely to be presented within the next four weeks in the Parliament. It will be...

Published 17 May, 2022 05:39am

INGOs: FTO helps create Rs660m tax demand

ISLAMABAD: The intervention of the Federal Tax Ombudsman (FTO) has resulted in creation of huge tax demand and...

Updated 17 May, 2022 10:05am

Business & Finance

Raw materials, finished goods’ tariffs: FBR to remove anomalies from federal tax laws

ISLAMABAD: The Federal Board of Revenue (FBR) will remove anomalies from the federal tax laws, specifically...

Published 17 May, 2022 05:39am

Gainers
Losers
Leaders

Stock	Price
Agritech Limited / Jun 30 Agritech Limited(AGL)	6.65 ▲ 1.00 (17.70%)
Kohinoor Power / Jun 30 Kohinoor Power Company Limited(KOHP)	4.05 ▲ 0.57 (16.38%)
Unicap Modaraba / Jun 30 Unicap Modaraba(UCAPM)	1.90 ▲ 0.24 (14.46%)
First Tri-Star Mod. / Jun 30 First Tri-Star Modaraba(FTSM)	8.00 ▲ 1.00 (14.29%)
Askari Life Assur. / Jun 30 Askari Life Assurance Company Limited(ALAC)	6.29 ▲ 0.78 (14.16%)
First AL-Noor Mod. / Jun 30 First Al-Noor Modaraba(FANM)	3.62 ▲ 0.39 (12.07%)
Bawany Air Products / Jun 30 Bawany Air Products Limited(BAPL)	9.50 ▲ 1.00 (11.76%)
Int. Knit. / Jun 30 International Knitwear Limited(INKL)	10.00 ▲ 1.00 (11.11%)
786 Invest Ltd / Jun 30 786 Investments Limited(786)	5.33 ▲ 0.51 (10.58%)
Shaheen Ins. / Jun 30 Shaheen Insurance Company Limited(SHNI)	3.40 ▲ 0.28 (8.97%)

Stock	Price
Elite Cap.Mod / Jun 30 First Elite Capital Modaraba(FECM)	2.70 ▲ -0.30 (-10.00%)
Jubilee Spinning / Jun 30 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	3.01 ▲ -0.29 (-8.79%)
Dewan Sugar / Jun 30 Dewan Sugar Mills Limited(DWSM)	2.19 ▲ -0.20 (-8.37%)
Orient Rental / Jun 30 Orient Rental Mod(ORM)	7.35 ▲ -0.63 (-7.89%)
Olympia Mills / Jun 30 Olympia Mills Limited(OML)	16.65 ▲ -1.35 (-7.50%)
Baba Farid / Jun 30 Baba Farid Sugar Mills Limited(BAFS)	44.50 ▲ -3.60 (-7.48%)
Shams Textile / Jun 30 Shams Textile Mills Limited(STML)	45.24 ▲ -3.66 (-7.48%)
Pak Hotels / Jun 30 Pakistan Hotels Developers Limited(PHDL)	135.00 ▲ -10.64 (-7.31%)
Chakwal Spinning / Jun 30 Chakwal Spinning Mills Limited(CWSM)	1.72 ▲ -0.13 (-7.03%)
AEL Textile / Jun 30 AEL Textile Limited(AEL)	14.00 ▲ -1.05 (-6.98%)

Stock	Volume
K-Electric Ltd. / Jun 30 K-Electric Limited(KEL)	17,294,500 ▼ 0.00
Agritech Limited / Jun 30 Agritech Limited(AGL)	13,786,500 ▼ 0.00
Fauji Cement / Jun 30 Fauji Cement Company Limited(FCCL)	12,055,500 ▼ 0.00
WorldCall Telecom / Jun 30 Worldcall Telecom Limited(WTL)	9,392,000 ▼ 0.00
Pak Refinery / Jun 30 Pakistan Refinery Limited(PRL)	7,985,160 ▼ 0.00
Pak Elektron / Jun 30 Pak Elektron Limited(PAEL)	7,070,000 ▼ 0.00
Pak Int.Bulk / Jun 30 Pakistan International Bulk Terminal(PIBTL)	6,848,500 ▼ 0.00
TPL Properties / Jun 30 TPL Properties Limited(TPLP)	6,408,040 ▼ 0.00
Pak Petroleum / Jun 30 Pakistan Petroleum Limited(PPL)	6,018,939 ▼ 0.00
Cnergyico PK / Jun 30 Cnergyico PK Limited(CNERGY)	6,008,471 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 29	205.50
USD PKR Interbank Buying / Jun 29	205.30
USD to Japanese Yen / Jun 29	136.63
USD to Swiss Franc / Jun 29	0.95
Pound Sterling to USD / Jun 29	1.21
Euro to USD / Jun 29	1.05
UK LIBOR % / Jun 29	1.57

Stock	Volume
S&P 500 / Jun 29	3818.83
India Sensex / Jun 29	53026.97
Tokyo Nikkei / Jun 29	26536.82
Nasdaq / Jun 29	11177.89
Hang Seng / Jun 29	22058.97
FTSE 100 / Jun 29	7312.32
Dow Jones / Jun 29	31029.31
Germany DAX 30 / Jun 29	13003.35
France CAC40 / Jun 29	6031.48

Item	Value
Crude Oil USD/Barrel / Jun 29	110.28
Karachi Cotton PKR/37.32 KG / Jun 29	18480.00
Gold 10 Grams PKR / Jun 29	121700.00
Gold Spot USD/Ounce / Jun 29	1820.88
Cotton US¢/pound / Jun 29	96.60

FBR

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