Topic

Finance Bill 2021

'Mini-budget': National Assembly passes Finance (Supplementary) Bill 2021

Updated 14 Jan, 2022 12:36am

Finance minister Shaukat Tarin argues govt is looking to bring structural reforms

SBP's independence in Pakistan's interest: Fawad

Updated 02 Jan, 2022 02:37pm

Information minister says financial stability is returning to the country

Meeting on tax laws: Absence of FBR chief irks Senate panel

Published 15 Jul, 2021 04:03am

ISLAMABAD: The Senate Standing Committee on Finance Wednesday expressed displeasure over the absence of the chairman...

FBR withdraws provision of Common Identifier Number

Published 01 Jul, 2021 04:09am

ISLAMABAD: The Federal Board of Revenue (FBR) has withdrawn the provision of Common Identifier Number through an...

Willful defaults: Amended Finance Bill specifies tax arrest body

Published 30 Jun, 2021 03:54am

ISLAMABAD: A committee comprising the finance minister, the chairman Federal Board of Revenue (FBR) and the FBR's...

Over Rs25m tax liability: Action would be considered: Tarin

Published 30 Jun, 2021 03:54am

ISLAMABAD: Finance Minister Shaukat Tarin on Tuesday said the government would go after the wilful tax defaulters as...

Over Rs100bn taxes withdrawn

Published 30 Jun, 2021 03:54am

ISLAMABAD: The government has withdrawn taxes of over and above Rs100 billion following withdrawal of the proposed...

Minimum turnover tax: SMEs excluded from purview

Published 30 Jun, 2021 03:54am

ISLAMABAD: The government has excluded small and medium enterprises (SMEs) from the purview of minimum turnover tax...

National Assembly approves amended Finance Bill 2021

Published 29 Jun, 2021 07:55pm

Finance Minister Shaukat Tarin says focus remains on agriculture sector
Roadmap made to lift 4 million households out of poverty, adds Tarin

Telecom industry: Mobile operators collectively raise voice against tax proposals

Published 29 Jun, 2021 03:24am

ISLAMABAD: All telecom operators have collectively cautioned Finance Minister Shaukat Tarin that the implementation...

'Amended' Finance Bill 2021 may be laid in NA today

Updated 28 Jun, 2021 09:23am

ISLAMABAD: The amended Finance Bill 2021 is expected to be tabled in the National Assembly today (Monday), with...

FBR finalises amendments

Published 26 Jun, 2021 03:24am

ISLAMABAD: The Federal Board of Revenue (FBR) finalised amendments in the Finance Bill 2021 late Friday night. It is...

Salaried employees: Income tax exemption being restored on medical reimbursement

Updated 25 Jun, 2021 12:23pm

ISLAMABAD: The government has decided to restore income tax exemption on the medical allowances/reimbursement...

Tarin explains IMF challenge

Updated 25 Jun, 2021 12:34pm

Finance minister says Pakistan presented alternate plan and Fund accepted that it possessed weightage
Adds powers to arrest willful tax defaulters would rest with him and FBR chairman

Finance Bill 2021: Senate adopts nearly 300 recommendations

Published 25 Jun, 2021 04:20am

ISLAMABAD: Senate Thursday adopted its nearly 300 recommendations including those related to Finance Bill 2021 as...

LCCI holds post budget convention: Chambers call for withdrawal of anti-business budget clauses

Published 25 Jun, 2021 04:20am

LAHORE: As many as 25 chambers of commerce and industry, at a two-day Post Budget Convention under the umbrella of...

Incorporating in Finance Bill: NA body to suggest recommendations to Tarin

Published 23 Jun, 2021 04:26am

ISLAMABAD: The National Assembly Standing Committee on Finance and Revenue has begun – for the first time – ...

Towards an end to tax harassment

Published 22 Jun, 2021 04:46am

On the basis of my thirty years of tax practice I can assure you that the abuse of the under-mentioned three lines...

Amendment to Finance Bill 2021: FBR explains minimum tax rates, right of appeal

Updated 21 Jun, 2021 09:49am

ISLAMABAD: The Federal Board of Revenue (FBR) Sunday clarified that the table prescribing tax rates for minimum tax...

Tax exemptions: Senate panel asks FBR to give details of entities

Published 20 Jun, 2021 03:39am

ISLAMABAD: The Senate Standing Committee on Finance has sought from the Federal Board of Revenue (FBR) complete...

Senate body rejects tax exemption to political parties

Published 19 Jun, 2021 03:23am

ISLAMABAD: The Senate Standing Committee on Finance on Friday rejected proposed tax exemption to the political...

Concealment of income tax: IR officers’ powers to arrest any person withdrawn

Published 19 Jun, 2021 03:23am

ISLAMABAD: The government has taken the final decision to delete all income tax provisions from the Finance Bill,...

Salaried class and tax brutality

Published 18 Jun, 2021 04:16am

The proposed taxation of salary income on gross basis, for the first time in Subcontinent since the introduction of...

Appeal against assessment: Taxpayers shocked over ‘harsh’ tax amendment proposal

Published 18 Jun, 2021 04:16am

ISLAMABAD: Taxpayers are shocked over a harsh and unjustified income tax amendment to the Finance Bill 2021, under...

Budget: Out-of-the-box actions

Published 17 Jun, 2021 03:27am

In the following paragraphs I will only discuss three major proposals in the proposed Finance Bill, 2021, two of...

Selling smuggled goods: Retailers will be penalised, imprisoned

Published 16 Jun, 2021 03:40am

ISLAMABAD: The retailers engaged in the selling of smuggled goods would be heavily penalised and imprisoned under ...

Arrest for concealment of income: Senate panel turns down proposed changes in tax law

Published 16 Jun, 2021 03:39am

ISLAMABAD: The Senate Standing Committee on Finance has unanimously turned down the proposed changes in the income...

Punjab cabinet approves budgetary proposals for FY2021-22

Published 15 Jun, 2021 03:30am

LAHORE: The Punjab cabinet, which met here on Monday with Chief Minister Sardar Usman Buzdar in the chair, accorded...

Charges of concealment of income: IR officers empowered to arrest any person

Published 15 Jun, 2021 03:30am

ISLAMABAD: The Inland Revenue officers have been empowered to arrest any person on the charges of concealment of...

ACD cut on goods falling under 2,436 tariff lines: RD on 80 non-essential, luxury items increased

Published 12 Jun, 2021 05:04am

ISLAMABAD: The Federal Board of Revenue (FBR) has increased the regulatory duties on the import of 80...

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 4	278.62
USD PKR Interbank Buying / Jun 4	278.42
USD to Japanese Yen / Jun 5	159.94
USD to Swiss Franc / Jun 5	0.79
Pound Sterling to USD / Jun 5	1.34
Euro to USD / Jun 5	1.16
SOFR % / Jun 4	3.63

Stock	Volume
S&P 500 / Jun 4	7,584.31
Nasdaq / Jun 4	26,830.96
FTSE 100 / Jun 4	10,332.30
Dow Jones / Jun 4	51,561.93
Germany DAX 30 / Jun 4	24,944.95
France CAC40 / Jun 4	8,244.29
India Sensex / Jun 5	74,364.43
Tokyo Nikkei / Jun 5	66,812.85
Hang Seng / Jun 5	24,982.27

Item	Value
Gold 10 Grams PKR / Jun 4	402,335
Gold Spot USD/Ounce / Jun 4	4,470.19
Petrol/Litre / Jun 5	381.78
Crude Oil USD/Barrel / Jun 5	93.10
Diesel/Litre / Jun 5	380.78
Cotton US¢/pound / Jun 5	77.59

Gainers
Losers
Leaders

Stock	Price
First Fid. Leasing / Jun 5 First Fidelity Leasing Modaraba(FFLM)	7.76 ▲ 1 (14.79%)
Gulistan Sp. / Jun 5 Gulistan Spinning Mills Limited(GUSM)	8.06 ▲ 1 (14.16%)
Dadabhoy Cement / Jun 5 Dadabhoy Cement Industries Limited(DBCI)	8.16 ▲ 1 (13.97%)
Paramount Spinning / Jun 5 Paramount Spinning Mills Limited(PASM)	8.41 ▲ 1 (13.5%)
Waves Home Appliances / Jun 5 Waves Home Appliances Limited(WAVESAPP)	8.98 ▲ 1 (12.53%)
First Capital Equities / Jun 5 First Capital Equities Limited(FCEL)	5.30 ▲ 0.52 (10.88%)
Merit Packaging / Jun 5 Merit Packaging Limited(MERIT)	10.35 ▲ 1 (10.7%)
D.S. Ind. Ltd. / Jun 5 D.S. Industries Limited(DSIL)	11.19 ▲ 1.02 (10.03%)
Askari Life Assur. / Jun 5 Askari Life Assurance Company Limited(ALAC)	23.28 ▲ 2.12 (10.02%)
Dewan Automotive Eng. / Jun 5 Dewan Automotive Engineering Limited(DWAE)	29 ▲ 2.64 (10.02%)

Stock	Price
F.Credit & Inv / Jun 5 First Credit and Investment Bank Limited(FCIBL)	40.49 ▼ -4.5 (-10%)
Shahzad Tex. / Jun 5 Shahzad Textile Mills Limited(SZTM)	66.78 ▼ -7.42 (-10%)
Ghazi Fabrics / Jun 5 Ghazi Fabrics International Limited(GFIL)	29.21 ▼ -3.23 (-9.96%)
Fateh Ind. / Jun 5 Fateh Industries Limited(FIL)	166.02 ▼ -14.04 (-7.8%)
Shams Textile / Jun 5 Shams Textile Mills Limited(STML)	38.10 ▼ -2.55 (-6.27%)
Mandviwala / Jun 5 Mandviwala Mauser Plastic Industries(MWMP)	65 ▼ -4 (-5.8%)
Mughal Energy / Jun 5 Mughal Energy Limited(GEM)(GEMMEL)	21.30 ▼ -1.18 (-5.25%)
Husein Industries / Jun 5 Husein Industries Limited(HUSI)	34.13 ▼ -1.87 (-5.19%)
Sana Ind / Jun 5 Sana Industries Limited(SNAI)	39.70 ▼ -2.02 (-4.84%)
JS Investments / Jun 5 JS Investments Limited(JSIL)	40 ▼ -2 (-4.76%)

Stock	Volume
TPL Properties / Jun 5 TPL Properties Limited(TPLP)	41,992,586 ▲ 0.53
TPL Corp Ltd / Jun 5 TPL Corp Limited(TPL)	41,990,948 ▲ 0.53
Pace (Pak) Ltd. / Jun 5 Pace (Pakistan) Limited(PACE)	41,639,369 ▲ 0.9
Beco Steel Ltd / Jun 5 Beco Steel Limited(BECO)	26,329,637 ▼ -0.23
Hascol Petrol / Jun 5 Hascol Petroleum Limited(HASCOL)	23,800,560 ▲ 0.02
Pervez Ahmed Consultancy / Jun 5 Pervez Ahmed Consultancy Services Ltd.(PASL)	21,604,921 ▲ 0.08
WorldCall Telecom / Jun 5 Worldcall Telecom Limited(WTL)	17,744,957 ▲ 0.02
Waves Home Appliances / Jun 5 Waves Home Appliances Limited(WAVESAPP)	17,209,572 ▲ 1
Unity Foods Ltd / Jun 5 Unity Foods Limited(UNITY)	15,002,213 ▼ -0.09
Maple Leaf Cement / Jun 5 Maple Leaf Cement Factory Limited(MLCF)	14,836,146 ▼ -0.86

Finance Bill 2021

Most Popular