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Finance Act

FBR: Messing up a messy law

Actus legis nemini facit injurium (A party should not suffer on account of an act or omission by the Court or State...

Published 13 Dec, 2024 07:39am

APTMA steps up pressure on govt to restore EFS

Pakistan’s textile industry accounts for 40 per cent of the country’s industrial workforce, providing livelihoods to millions of families

Updated 01 Dec, 2024 03:21pm

10pc tax credit allowed by SC to persons who imported, installed machinery till June 2019

ISLAMABAD: The Supreme Court of Pakistan (SC) has allowed 10 percent tax credit to the persons who have imported and...

Updated 19 Sep, 2024 09:25am

Business & Finance

Explaining alternative dispute resolution (ADR)

General, 1. Dispute resolution is a preferred vehicle to settle cases where questions of facts or a composite...

Published 13 Sep, 2024 07:08am

Opinion

Pulling the rug from under the carpet industry’s feet

The traditional woolen hand-knotted carpet and rugs manufacturing sector had uniquely positioned Pakistan among the...

Updated 25 Jul, 2024 07:31am

Business & Finance

Traders show concerns on changes in ST regime

LAHORE: A delegation of traders, led by Khalid Pervez, visited the Lahore Chamber and met with President of Lahore...

Published 14 Jul, 2024 02:55am

Opinion

FED on transfer of immoveable property

“Accordingly CVT was abolished through the Finance Act 2010 as charge and levy of CVT became a provincial subject....

Updated 12 Jul, 2024 08:55am

SC asks whether or not govt can promise tax credit and then take it away retrospectively?

ISLAMABAD: The Supreme Court was asked to decide whether the government can first encourage businesses to make fresh...

Updated 08 Jul, 2024 09:03am

Sale of govt-allotted immovable properties: Scope of WHT exemption expanded

ISLAMABAD: The government has expanded the scope of withholding tax exemption on the sale of government-allotted...

Updated 03 Jul, 2024 08:32am

Tajir Dost Scheme: There should be no extra tax on registered traders: CC

ISLAMABAD: There should be no additional tax on traders and shopkeepers registered under the Tajir Dost Scheme from...

Updated 02 Jul, 2024 09:30am

Pakistan

‘Foreign gifts not for sale’: Govt directs ministries to submit undertaking

ISLAMABAD: The government has directed all ministries to submit undertaking that duties and taxes free goods...

Updated 02 Jul, 2024 09:07am

Pakistan

We understand the pain, will provide relief to salaried class at first opportunity we get: Aurangzeb

Finance Minister Muhammad Aurangzeb has said that the government will provide relief to the salaried class at the...

Updated 01 Jul, 2024 07:03pm

Business & Finance

AMENDMENTS ENACTED BY FINANCE ACT, 2024: VIS-À-VIS THOSE PROPOSED IN FINANCE BILL, 2024

The Federal Government presented Finance Bill, 2024 (‘FB’) in the National Assembly on June 12, 2024. After debate...

Published 01 Jul, 2024 07:01am

Editorials

New taxation steps create a kind of tunnel vision

EDITORIAL: The government is desperate to increase its tax revenues to meet the International Monetary Fund (IMF)...

Published 01 Jul, 2024 07:01am

New taxation steps come into effect today

Government enforces new taxation measures of Rs1.761 trillion

Updated 01 Jul, 2024 09:23am

Valuation of immovable properties: FTO directs FBR to hire competent, experienced valuers

ISLAMABAD: Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to hire competent and...

Updated 23 Dec, 2023 07:42pm

Business & Finance

Foreign currency deals during 2021, 2022: FBR to impose 40pc additional tax on windfall profits of banks

ISLAMABAD: The Federal Board of Revenue (FBR) will shortly issue a statutory regulatory order (SRO) to impose 40...

Published 22 Nov, 2023 05:48am

Forex deals: Tax on windfall profits of banks likely

ISLAMABAD: The government is likely to invoke provisions of the Finance Act, 2023, to impose tax on windfall...

Updated 15 Nov, 2023 09:49am

Tax experts explain how FBR implements orders issued by courts

ISLAMABAD: Tax experts have alleged that the Federal Board of Revenue (FBR) implements court orders in favour of the...

Updated 07 Nov, 2023 09:18am

Experts say super tax based on discrimination

LAHORE: The imposition of super tax is hit by the principle of past and closed transaction, as no tax can...

Updated 07 Oct, 2023 09:52am

Govt collects Rs75bn PL in July

ISLAMABAD: The government collected Rs 75 billion in July 2023 on account of petroleum levy (PL), a key source of...

Updated 22 Aug, 2023 08:56am

Opinion

Super tax and tax on bonus: misinterpretation of basic accounting—I

In the Finance Act 2023 many amendments have been proposed. This article is restricted to two important measures...

Published 05 Jul, 2023 06:00am

Business & Finance

FBR urged to address errors, omissions thru finance bill

ISLAMABAD: Tax experts have urged the Federal Board of Revenue (FBR) to correct the errors and omissions of earlier...

Published 29 May, 2023 04:27am

Govt rejects tax on firms’ reserves proposal

ISLAMABAD: The government has rejected a proposal of the Reforms and Resource Mobilization Commission (RRMC) to...

Updated 09 May, 2023 12:45pm

Opinion

Taxation of immovable property

The National Assembly through the Finance Act 2012 amended section 37(5) of the Income Tax Ordinance, 2001 [“the...

Updated 27 Jan, 2023 11:36pm

Business & Finance

Minimum tax rate on OMCs’ turnover cut under Finance Act

Drops from 0.75% to 0.5%

Updated 22 Jul, 2022 12:30pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 13	283
USD PKR Interbank Buying / Jun 13	282.75
USD to Japanese Yen / Jun 14	144.07
USD to Swiss Franc / Jun 14	0.81
Pound Sterling to USD / Jun 14	1.36
Euro to USD / Jun 14	1.15
UK LIBOR % / Jun 14	4.96

Stock	Volume
S&P 500 / Jun 14	5,976.97
India Sensex / Jun 14	81,118.60
Tokyo Nikkei / Jun 14	37,834.25
Nasdaq / Jun 14	19,406.83
Hang Seng / Jun 14	23,892.56
FTSE 100 / Jun 14	8,850.63
Dow Jones / Jun 14	42,197.79
Germany DAX 30 / Jun 14	23,516.23
France CAC40 / Jun 14	7,784.68

Item	Value
Crude Oil USD/Barrel / Jun 14	72.98
Karachi Cotton PKR/37.32 KG / Jun 14	16,485
Gold 10 Grams PKR / Jun 14	310,007
Gold Spot USD/Ounce / Jun 14	3,432.34
Cotton US¢/pound / Jun 14	67.84
Petrol/Litre / Jun 16	258.43
Diesel/Litre / Jun 16	262.59

Gainers
Losers
Leaders

Stock	Price
Pervez Ahmed Consultancy / Jun 16 Pervez Ahmed Consultancy Services Ltd.(PASL)	3.93 ▲ 1 (34.13%)
First Prudential Mod. / Jun 16 First Prudential Modaraba(PMI)	4.39 ▲ 1 (29.5%)
Ist.Capital Sec / Jun 16 First Capital Securities Corporation(FCSC)	3.87 ▲ 0.81 (26.47%)
First Punjab Modaraba / Jun 16 First Punjab Modaraba(FPJM)	4.25 ▲ 0.77 (22.13%)
Shaheen Ins. / Jun 16 Shaheen Insurance Company Limited(SHNI)	5.69 ▲ 0.94 (19.79%)
First Capital Equities / Jun 16 First Capital Equities Limited(FCEL)	4.70 ▲ 0.69 (17.21%)
First Treet Manuf / Jun 16 First Treet Manufacturing Modaraba(FTMM)	5.29 ▲ 0.76 (16.78%)
Unicap Modaraba / Jun 16 Unicap Modaraba(UCAPM)	4.20 ▲ 0.55 (15.07%)
Cresent Jute / Jun 16 Crescent Jute Products Limited(CJPL)	4.10 ▲ 0.53 (14.85%)
Invest Bank / Jun 16 Invest Capital Investment Bank Limited(ICIBL)	8.11 ▲ 1 (14.06%)

Stock	Price
Intermarket Securities / Jun 16 Intermarket Securities Limited(IMS)	6.35 ▼ -50.91 (-88.91%)
Apna Microfin. / Jun 16 Apna Microfinance Bank Limited(AMBL)	10.49 ▼ -1.17 (-10.03%)
Khyber Textile / Jun 16 Khyber Textile Mills Limited(KHYT)	1,615.10 ▼ -179.45 (-10%)
PIA Holding Co.B / Jun 16 PIA Holding Company Limited B(PIAHCLB)	17,000.20 ▼ -1888.9 (-10%)
Blue-Ex Ltd / Jun 16 Blue-Ex Limited (GEM)(GEMBLUEX)	60.10 ▼ -6.68 (-10%)
First Elite Cap.Mod / Jun 16 First Elite Capital Modaraba(FECM)	34.20 ▼ -3.78 (-9.95%)
Tandlianwala Sugar / Jun 16 Tandlianwala Sugar Mills Limited(TSML)	160.50 ▼ -17.64 (-9.9%)
F.Credit & Inv / Jun 16 First Credit and Investment Bank Limited(FCIBL)	10.16 ▼ -1.07 (-9.53%)
Crescent Cotton / Jun 16 Crescent Cotton Mills Limited(CCM)	46.50 ▼ -3.91 (-7.76%)
Hala Enterprise / Jun 16 Hala Enterprises Limited(HAEL)	28.31 ▼ -2.38 (-7.75%)

Stock	Volume
WorldCall Telecom / Jun 16 Worldcall Telecom Limited(WTL)	86,557,864 ▲ 0.1
Pervez Ahmed Consultancy / Jun 16 Pervez Ahmed Consultancy Services Ltd.(PASL)	58,627,775 ▲ 1
Ist.Capital Sec / Jun 16 First Capital Securities Corporation(FCSC)	45,391,745 ▲ 0.81
Media Times Ltd / Jun 16 Media Times Limited(MDTL)	19,022,939 ▲ 0.37
Pace (Pak) Ltd. / Jun 16 Pace (Pakistan) Limited(PACE)	11,437,680 ▲ 0.36
PIA Holding Co.Ltd / Jun 16 PIA Holding Company Limited(PIAHCLA)	10,765,051 ▲ 0.53
Sui South Gas / Jun 16 Sui Southern Gas Company Limited(SSGC)	10,526,124 ▲ 2.28
F. Nat.Equities / Jun 16 First National Equities Limited(FNEL)	9,147,064 ▲ 0.42
Maple Leaf Cement / Jun 16 Maple Leaf Cement Factory Limited(MLCF)	7,443,256 ▲ 1.86
First Prudential Mod. / Jun 16 First Prudential Modaraba(PMI)	6,855,638 ▲ 1

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