Trends - Finance Bill - Business Recorder

Finance Bill

Income tax law: FBR proposes new definition of word ‘banking’

Proposed draft amendments in the Income Tax Ordinance, 2001 issued for simplification and harmonization through the next Finance Bill, 2024

Updated 14 Aug, 2023 05:32pm

Finance bill: Bureaucracy can devise ‘zero tax’ regime

Senate Standing Committee on Finance holds meeting under chairmanship of Senator Saleem Mandviwalla

Updated 21 Jul, 2023 09:48am

Editorials

IMF: We have to pay the price we deserve to pay

EDITORIAL: While specific details of precisely what are the prior conditions that the government has agreed to in ...

Updated 04 Jul, 2023 05:45am

Business & Finance

Comments on changes in Finance Bill 2023

General These notes provide comments on the changes proposed in the Finance Bill 2023 by the Finance Minister. This...

Published 27 Jun, 2023 06:15am

Business & Finance

Budget 2023-24: ‘high earners’ to pay a higher income tax as govt revises rates

Budget proposals originally maintained income tax rates before govt amended the Finance Bill

Updated 26 Jun, 2023 06:40pm

Amended finance bill sails through NA: Key steps taken to keep IMF in good humour

Revenue target of Federal Board of Revenue goes up from Rs9.2 trillion to Rs9.415 trillion

Updated 26 Jun, 2023 12:52pm

Massive changes introduced in Finance Bill

Govt withdraws certain exemptions, re-imposes/increases regulatory duties on imports of luxury items

Updated 25 Jun, 2023 05:02pm

Markets

Pakistan will look to impose Rs215bn additional taxes after IMF talks: Dar

Finance minister says 'we have ensured impact of these taxes will not be passed to downtrodden' in address to wind up Federal Budget 2023-24 debate in National Assembly

Updated 25 Jun, 2023 09:00pm

Business & Finance

Finance Bill: Some major anomalies will be removed, Dar tells FPCCI team

KARACHI: In a meeting with FPCCI, Federal Minister for Finance & Revenue Ishaq Dar has agreed in principle to...

Published 23 Jun, 2023 06:00am

Finance Bill: NA discusses Senate suggestions

ISLAMABAD: The recommendations made by the Senate on Finance Bill, 2023-24 were presented in the National Assembly...

Updated 22 Jun, 2023 08:52am

Business & Finance

Dar assures businessmen: Discrepancies in new Finance Bill will be removed

ISLAMABAD: Finance Minister Ishaq Dar has assured business community amendments in the Finance Bill-2023 for ease of...

Published 21 Jun, 2023 05:21am

Business & Finance

Govt accused of giving boost to undocumented retail sector thru budget

LAHORE: The budget 2023-24 has given more relaxation to the undocumented and unregistered retail sector and...

Published 16 Jun, 2023 06:27am

Additional advances to IT ITeS: 20pc concessionary tax rate on banks’ income proposed

KARACHI: The federal government has proposed concessionary tax rate for banks income from additional advances to...

Updated 10 Jun, 2023 08:51am

Cash withdrawal: Non-filers to pay 0.6pc advance tax

KARACHI: The federal government has proposed 0.6 percent advance tax on cash withdrawal for non-filers to bring more...

Published 10 Jun, 2023 04:37am

KE seeks amendments to tax laws

ISLAMABAD: K-Electric (KE) has sought amendments in tax laws including income tax, minimum turnover, payment of...

Updated 30 May, 2023 09:22am

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

Supply of Thar coal to industry: Tax amendments on the cards

ISLAMABAD: Prime Minister Office (PMO) has directed Federal Board of Revenue (FBR) to alter/ amend Income Tax...

Updated 17 Apr, 2023 08:48am

Opinion

Power transmission as ‘service’

The federal government has finally relented to pressure and agreed to treat power transmission as a service from the...

Updated 12 Apr, 2023 07:25am

Centre-provinces declaration: Power transmission will be treated as ‘service’ from July 1

ISLAMABAD: The federal government and provinces have declared that the transmission of electricity would be treated...

Updated 06 Apr, 2023 08:45am

Business & Finance

Finance Bill: Govt has failed to incentivize IT, ITeS exports: P@SHA

ISLAMABAD: Muhammad Zohaib Khan, chairman Pakistan Software Houses Association (P@SHA), has apprised that the ...

Published 29 Mar, 2023 06:27am

Govt lays Finance Bill in Senate

ISLAMABAD: Finance Minister Ishaq Dar moved on Wednesday a copy of the Finance (Supplementary) Bill 2023 in the...

Updated 16 Feb, 2023 08:56am

Dar inducts four new members into ‘RRMC’

ISLAMABAD: Finance Minister Ishaq Dar has included four new members in the Reforms and Resource Mobilization...

Updated 08 Feb, 2023 09:15am

Business & Finance

Leading businessman inducted into body on resource mobilisation

ISLAMABAD: Finance Minister Ishaq Dar has included Ziad Bashir, a leading businessman, as a member of the Reforms ...

Published 28 Dec, 2022 04:12am

Business & Finance

Move to bring 2m retailers into tax net: Senate body clears bill on tax laws

ISLAMABAD: The Senate Standing Committee on Finance has cleared the Tax Laws (Second Amendment) Bill, 2022 with some...

Updated 23 Dec, 2022 08:44am

Commission set up to help govt mobilise resources

ISLAMABAD: Finance Minister Ishaq Dar has constituted an 11-member Reforms and Resource Mobilization Commission...

Published 02 Dec, 2022 06:45am

Business & Finance

Philip Morris generates net turnover of Rs14,966m in nine months

KARACHI: The Philip Morris (Pakistan) Limited (PMPKL) has generated a net turnover of Rs14,966 million for the nine...

Published 28 Oct, 2022 05:58am

Editorials

There’s no out-of-the-box thinking

EDITORIAL: The budget 2022-23 envisages higher revenue by about a trillion rupees compared to the year before, with...

Published 07 Jul, 2022 05:35am

Finance bill further amended

Amended bill 2022 may reduce 17 per cent sales tax to only one per cent on the import of active pharmaceutical ingredients with continuation of the zero-rating scheme on local sales

Updated 29 Jun, 2022 10:34am

Business & Finance

Amendments to Finance Bill to be approved today

ISLAMABAD: The National Assembly Wednesday (June 29) would approve the Finance Bill, 2022, with significant numbers...

Updated 29 Jun, 2022 10:32am

Pakistan

Senate body adopts 27 recommendations on Finance Bill

National Assembly to decide whether or not these recommendations are to be incorporated into the Money Bill

Published 23 Jun, 2022 07:17pm

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Dec 10 786 Investments Limited(786)	5.74 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Dec 10 Al-Abbas Sugar Mills Limited(AABS)	526 ▼ 0.00 (0.00%)
Agro Allianz / Dec 10 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Dec 10 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Dec 10 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Dec 10 Allied Bank Limited(ABL)	90.51 ▼ 0.00 (0.00%)
Abbott Lab. / Dec 10 Abbott Laboratories (Pakistan) Limited(ABOT)	500.43 ▼ 0.00 (0.00%)
Abson Ind. / Dec 10 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Dec 10 Alfalah Consumer Index ETF.(ACIETF)	10.99 ▼ 0.00 (0.00%)
Attock Cement / Dec 10 Attock Cement Pakistan Limited(ACPL)	105.15 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Dec 10 786 Investments Limited(786)	5.74 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Dec 10 Al-Abbas Sugar Mills Limited(AABS)	526 ▲ 0.00 (0.00%)
Agro Allianz / Dec 10 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Dec 10 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Dec 10 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Dec 10 Allied Bank Limited(ABL)	90.51 ▲ 0.00 (0.00%)
Abbott Lab. / Dec 10 Abbott Laboratories (Pakistan) Limited(ABOT)	500.43 ▲ 0.00 (0.00%)
Abson Ind. / Dec 10 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Dec 10 Alfalah Consumer Index ETF.(ACIETF)	10.99 ▲ 0.00 (0.00%)
Attock Cement / Dec 10 Attock Cement Pakistan Limited(ACPL)	105.15 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Dec 10 K-Electric Limited(KEL)	342,535,258 ▲ 0.00
WorldCall Telecom / Dec 10 Worldcall Telecom Limited(WTL)	98,557,282 ▲ 0.00
P.T.C.L. / Dec 10 Pakistan Telecommunication Company Ltd(PTC)	58,736,500 ▲ 0.00
Kohinoor Spining / Dec 10 Kohinoor Spinning Mills Limited(KOSM)	56,593,500 ▲ 0.00
Fauji Foods Ltd / Dec 10 Fauji Foods Limited(FFL)	47,998,197 ▲ 0.00
Cnergyico PK / Dec 10 Cnergyico PK Limited(CNERGY)	46,684,647 ▲ 0.00
B.O.Punjab / Dec 10 The Bank of Punjab(BOP)	32,876,325 ▲ 0.00
Pak Elektron / Dec 10 Pak Elektron Limited(PAEL)	29,819,540 ▲ 0.00
Hascol Petrol / Dec 10 Hascol Petroleum Limited(HASCOL)	27,935,500 ▲ 0.00
Pak Int.Bulk / Dec 10 Pakistan International Bulk Terminal(PIBTL)	25,443,500 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 8	284.30
USD PKR Interbank Buying / Dec 8	283.95
USD to Japanese Yen / Dec 8	144.95
USD to Swiss Franc / Dec 8	0.88
Pound Sterling to USD / Dec 8	1.25
Euro to USD / Dec 8	1.08
UK LIBOR % / Dec 8	5.48

Stock	Volume
S&P 500 / Dec 8	4604.37
India Sensex / Dec 8	69825.60
Tokyo Nikkei / Dec 8	32307.86
Nasdaq / Dec 8	14403.97
Hang Seng / Dec 8	16334.37
FTSE 100 / Dec 8	7554.47
Dow Jones / Dec 8	36247.87
Germany DAX 30 / Dec 8	16759.22
France CAC40 / Dec 8	7526.55

Item	Value
Crude Oil USD/Barrel / Dec 8	71.23
Karachi Cotton PKR/37.32 KG / Dec 8	17235
Gold 10 Grams PKR / Dec 8	187414
Gold Spot USD/Ounce / Dec 8	2004.67
Cotton US¢/pound / Dec 8	81.44

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