Trends - Finance Bill 2022 - Business Recorder

Finance Bill 2022

FPCCI seeks abolishment of Section 7E of ITO-2001

KARACHI: Suleman Chawla, Acting President Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has...

Published 25 May, 2023 06:26am

Reko Diq project exempted from privatisation?

ISLAMABAD: The Privatisation Board has exempted Reko Diq Project from privatisation under the amendment made in...

Updated 26 Dec, 2022 09:33am

Editorials

The challenge of rising inflation

EDITORIAL: Pakistan Bureau of Statistics (PBS) data on the July Consumer Price Index (CPI) of 24.9 percent...

Published 03 Aug, 2022 05:56am

Opinion

The FY23 budget and Fund approval

Pakistani administrations have become adept at presenting an annual budget to parliament with the required detailed...

Published 18 Jul, 2022 07:09am

Air travel FED reduced to Rs30,000

ISLAMABAD: To give relief to the rich/wealthy class, the government has decided to reduce the federal excise duty...

Updated 06 Jul, 2022 09:33am

Business & Finance

Federal & Provincial Finance Acts, 2022: Comments

Amendments enacted by Finance Act, 2022 vis-a-vis those proposed in Finance Bill, 2022 The Federal Government...

Updated 04 Jul, 2022 10:43am

Opinion

Finance Act, 2022: Comments

General: This note contains the comments on the Finance Act, 2022 as passed by the National Assembly. These are...

Updated 02 Jul, 2022 12:33pm

Editorials

Amendments to the finance bill

EDITORIAL: Finance bill 2022 moved by Minister of State for Finance Dr Ayesha Ghous Pasha, with tax amendments...

Published 01 Jul, 2022 06:13am

Amendment-laden finance bill easily sails through NA

The passage of the budget for the fiscal year 2022-2023 brings the government one step closer to the revival of the stalled IMF programme

Updated 30 Jun, 2022 09:51am

15 sectors: 10pc supertax imposed on income exceeding Rs300m

ISLAMABAD: The amended Finance Bill 2022 has imposed a 10 percent supertax for the Tax Year 2022 on persons...

Updated 30 Jun, 2022 10:44am

Opinion

Budget 2022-23 – Amended

In our previous article (BR: 13- 6-2022) we had examined Budget 2022-23 from the point of view of the IMF...

Published 29 Jun, 2022 05:44am

NA: Amendments to finance bill may be presented today

Amendments are still being given a final shape

Updated 28 Jun, 2022 09:57am

Opinion

A mini-budget or an annexure to budget?

For the first time in Pakistan’s chequered history additional revenue measures were annexed to the budget by a...

Updated 27 Jun, 2022 06:28am

Editorials

Rewriting the finance bill 2022

EDITORIAL: Never before has a finance bill after its presentation in parliament been revised, nay re-written, and...

Updated 27 Jun, 2022 06:30am

Supertax applicable to TY22

Companies liable to pay supertax would deposit the amount at the time of filing of income tax returns in December 2022

Updated 26 Jun, 2022 01:59pm

FBR reduces CVT on vehicles under amended Finance Bill 2022

ISLAMABAD: The Federal Board of Revenue (FBR) has reduced the capital value tax (CVT) on vehicles from two percent...

Updated 26 Jun, 2022 09:59am

Opinion

Taxing nation’s savings – but at what cost?

The budget 2022-23 is continuation of a series of budgets for the last several years that have been increasing tax...

Updated 25 Jun, 2022 05:16pm

Business & Finance

Supertax: revenue impact estimated at Rs80bn

Tax reliefs announced for salaried class on June 10 not only reversed but tax burden on salaried class also considerably increased

Updated 25 Jun, 2022 04:18pm

Pakistan

Punjab Assembly starts debate on supplementary budget

LAHORE: The Punjab Assembly session convened by Governor Punjab Muhammad Baligh-ur-Rehman at Aiwan-e-Iqbal started...

Published 24 Jun, 2022 08:02am

Pakistan

Budget debate continues in Sindh PA: Opposition slams govt over huge school dropout rate

KARACHI: The Sindh Assembly on Thursday continued its debate on fiscal budget 2022-23, as opposition slammed the...

Published 24 Jun, 2022 06:15am

Pakistan

Treasury lawmakers hold PTI govt responsible for current economic crisis

ISLAMABAD: The lawmakers belonging to the ruling coalition on Thursday held the previous government of Pakistan...

Published 24 Jun, 2022 06:15am

Additional taxation measures of over Rs436bn on the cards

ISLAMABAD: The government is finalising additional taxation measures of over Rs 436 billion through amendments in ...

Updated 24 Jun, 2022 01:16pm

IMF has asked for more taxes, claims Tarin

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Senator Shaukat Tarin has claimed that the International Monetary Fund...

Updated 24 Jun, 2022 09:52am

Finance Bill 2022: Senate adopts 244 recommendations

ISLAMABAD: Senate on Thursday adopted a total of 244 recommendations moved by its finance panel— 27 related to the...

Updated 24 Jun, 2022 09:54am

Oil prices hiked to avert default, says Miftah

ISLAMABAD: Federal Finance Minister Miftah Ismail has termed the next fiscal year budget as progressive and...

Updated 24 Jun, 2022 10:19am

Editorials

Rewriting the budget 2022-23

EDITORIAL: The International Monetary Fund (IMF) has uncharacteristically uploaded the following sentence on its...

Published 24 Jun, 2022 06:15am

Business & Finance

Budget FY23: Understanding with IMF may lead to revival of EFF

KARACHI: In a welcoming breakthrough, Pakistan and IMF reached an understanding on the federal budget FY23 which...

Published 23 Jun, 2022 06:55am

Pakistan

Punjab PA approves Rs3.226trn budget in absence of opposition

LAHORE: In the absence of opposition Punjab Assembly on Wednesday passed Finance Bill 2022 and thus approved the...

Published 23 Jun, 2022 06:05am

Pakistan

Sherry holds PTI govt responsible for mounting debt, public accounts crisis

ISLAMABAD: Pakistan People’s Party (PPP) Senator Sherry Rehman on Wednesday held the former government of Pakistan...

Published 23 Jun, 2022 06:05am

Business & Finance

FPCCI voices concern over glaring anomaliesin budget

KARACHI: Shabbir Mansha, acting president FPCCI, has expressed his concern on the glaring anomalies in the federal...

Published 23 Jun, 2022 06:05am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 16	278.55
USD PKR Interbank Buying / May 16	278.25
USD to Japanese Yen / May 16	154.33
USD to Swiss Franc / May 16	0.90
Pound Sterling to USD / May 16	1.27
Euro to USD / May 16	1.09

Stock	Volume
S&P 500 / May 15	5308.15
Nasdaq / May 15	16742.39
Dow Jones / May 15	39908
India Sensex / May 16	72771.48
Tokyo Nikkei / May 16	38920.26
Hang Seng / May 16	19336.77
FTSE 100 / May 16	8411.75
Germany DAX 30 / May 16	18842.52

Item	Value
Petrol/Litre / May 16	273.10
Crude Oil USD/Barrel / May 16	78.95
Karachi Cotton PKR/37.32 KG / May 16	19935
Gold 10 Grams PKR / May 16	210562
Gold Spot USD/Ounce / May 16	2388.50
Diesel/Litre / May 16	274.08

Gainers
Losers
Leaders

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

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

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

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Finance Bill 2022

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