Topic

Foreign assets

Bringing Pakistanis and their capital back home

Updated 04 Nov, 2026 06:15am

A structured proposal for returning overseas Pakistanis and resident Pakistanis with declared foreign assets This...

CVT on foreign assets may go: Rs400-500bn tax measures cleared after IMF nod

Updated 17 May, 2026 05:12pm

New tax policies for FY2026-27, approved by IMF, target Rs 400-500 billion through digital invoicing, expanded sales tax, and enhanced data utilization.

Foreign incomes, assets: FBR issues new e-declaration for resident individuals

Updated 19 Aug, 2025 08:19am

ISLAMABAD: The Federal Board of Revenue (FBR) has issued a new, “Electronic Foreign Income and Assets Declaration...

Crackdown underway: Pakistan’s FIA identifies investors with AED 2m real estate holdings in UAE

Updated 30 Jun, 2025 04:50pm

ISLAMABAD: The resident Pakistanis who have made a qualifying investment of at least 2.0 million AED in real estate...

Foreign assets immune from taxes: ATIR

Updated 08 Apr, 2025 09:27am

ISLAMABAD: Appellate Tribunal Inland Revenue (ATIR) Lahore has ruled that any foreign assets declared under the...

Foreign assets: Lahore ATIR issues order in favour of taxpayer

Updated 23 Aug, 2024 09:12am

ISLAMABAD: The Appellate Tribunal Inland Revenue (ATIR) Lahore has declared that any undisclosed foreign asset or...

Finance Bill 2024: Wealth Statement now in sharp focus

Updated 21 Jun, 2024 04:00pm

New bill proposes to extend the scope of best judgment assessment under section 121 of the Ordinance

Saudi central bank net foreign assets fall by almost $11bn in April

Published 30 May, 2024 08:33pm

The Saudi central bank’s net foreign assets fell by $10.66 billion in April from the previous month, the central...

PBC calls for the removal of 1% CVT on foreign assets

Updated 17 May, 2024 05:55pm

The Pakistan Business Council (PBC), the country’s largest corporate sector advocacy platform, has called for the...

Declaration against foreign assets: ‘Taxpayers not filing CVT being held liable to default’

Published 23 Sep, 2023 05:58am

LAHORE: Tax authorities are holding taxpayers liable to default for not filing capital value tax (CVT) declaration...

OBS Group nearing deal for Bayer pharma assets in Pakistan for Rs7bn: report

Updated 05 Jul, 2023 03:39pm

OBS looking to purchase a manufacturing facility in Lahore and 12 pharmaceutical brands

Resident individuals: FBR prescribes ‘foreign income and assets statement’

Published 21 Jun, 2023 05:21am

ISLAMABAD: The Federal Board of Revenue (FBR) has prescribed a “foreign income and assets statement” for ...

Local, foreign assets: Rs9bn CVT collected so far

Updated 20 May, 2023 12:30pm

ISLAMABAD: The government has so far collected Rs9 billion on account of capital value tax (CVT) on local and...

Over 200 super rich people in Karachi: Recovery proceedings initiated

Updated 18 Mar, 2023 02:08pm

ISLAMABAD: The government has initiated recovery proceedings against over 200 super-rich people of Karachi, who were...

‘Breach of tax amnesty’ IHC issues notices to FBR, AGP

Published 26 Jan, 2023 07:04am

ISLAMABAD: The Islamabad High Court (IHC) issued notices to the Federal Board of Revenue (FBR) and the Attorney...

SHC dismisses petitions challenging tax on foreign assets

Updated 01 Jan, 2023 10:09am

ISLAMABAD: The Sindh High Court (SHC) has dismissed the petitions challenging the levy of tax on foreign assets of a...

CVT on foreign assets, tax on ‘deemed income basis’: FBR decides to publish richest defaulters’ names

Updated 27 Dec, 2022 09:45am

ISLAMABAD: The government is weighing in on ‘naming and shaming’ the richest of the country who default on Capital...

Failure to deposit CVT on foreign assets: Taxpayers/resident individuals liable to pay 12pc per default surcharge

Updated 20 Dec, 2022 09:37am

ISLAMABAD: The taxpayers/resident individuals who failed to deposit Capital Value Tax (CVT) on their foreign assets...

Assets declared under two statutes not subject to CVT: expert

Updated 29 Oct, 2022 09:46am

ISLAMABAD: Former chairman of the Federal Board of Revenue (FBR), Shabbar Zaidi Friday said that assets declared...

CVT calculation: Value of foreign assets to be converted into PKR: FBR

Updated 30 Sep, 2022 09:42am

ISLAMABAD: The value of foreign assets shall be converted into rupees for the calculation of the Capital Value Tax...

Recovery of CVT on foreign assets: SHC asks tax authorities to comply with relevant laws

Updated 16 Sep, 2022 09:51am

ISLAMABAD: The Sindh High Court (SHC) has asked tax authorities that before proceeding for the recovery of the...

Foreign assets declared under amnesty immune from CVT

Published 20 Jun, 2022 07:25am

Capital Value Tax (CVT) was levied by the federal government in 1989 on transactions relating to acquisition of...

Note on Income Tax (Amendment) Ordinance, 2022

Published 07 Mar, 2022 06:07am

A F Ferguson & Co.Chartered Accountants INTRODUCTION The Federal Cabinet, on March 1, 2022 approved a ...

Assets held abroad: Misinterpretation of law

Updated 03 Mar, 2022 09:58am

There were the Panama Leaks in 2017 followed by the Paradise Leaks and Pandora Leaks. Now there is a Swiss Leak...

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Forex
World
Commodity

Currency	Rate

Stock	Volume

Item	Value
Petrol/Litre / Nov 14	330
Diesel/Litre / Nov 14	360

Gainers
Losers
Leaders

Stock	Price
Yousuf Weaving / Nov 13 Yousaf Weaving Mills Limited(YOUW)	6.07 ▲ 1 (19.72%)
Dewan Sugar / Nov 13 Dewan Sugar Mills Limited(DWSM)	8.77 ▲ 1 (12.87%)
LSE Financial Serv. / Nov 13 LSE Financial Services Limited(LSEFSL)	2.64 ▲ 0.28 (11.86%)
Shabbir Tiles / Nov 13 Shabbir Tiles & Ceramics Limited(STCL)	10.10 ▲ 1 (10.99%)
WorldCall Telecom / Nov 13 Worldcall Telecom Limited(WTL)	1.38 ▲ 0.13 (10.4%)
Pervez Ahmed Consultancy / Nov 13 Pervez Ahmed Consultancy Services Ltd.(PASL)	12.06 ▲ 1.1 (10.04%)
Unicap Modaraba / Nov 13 Unicap Modaraba(UCAPM)	22.84 ▲ 2.08 (10.02%)
Leather Up Ltd. / Nov 13 Leather Up Limited(LEUL)	82.90 ▲ 7.54 (10.01%)
Ningbo Green Light / Nov 13 Ningbo Green Light Energy Limited(NGLEL)	16.48 ▲ 1.5 (10.01%)
Zuma Resources / Nov 13 Zuma Resources Limited(ZUMA)	33.75 ▲ 3.07 (10.01%)

Stock	Price
Arpak Int. / Nov 13 Arpak International Investments Ltd.(ARPAK)	124.84 ▼ -13.87 (-10%)
First AL-Noor Mod. / Nov 13 First Al-Noor Modaraba(FANM)	12.64 ▼ -1.36 (-9.71%)
Shadman Cotton / Nov 13 Shadman Cotton Mills Limited(SHCM)	69.87 ▼ -6.73 (-8.79%)
Fateh Sports / Nov 13 Fateh Sports Wear Limited(FSWL)	193.60 ▼ -16.58 (-7.89%)
Asim Textile / Nov 13 Asim Textile Mills Limited(ASTM)	62.73 ▼ -4.34 (-6.47%)
D.M. Corporation / Nov 13 D.M. Corporation Limited(DMC)	151.06 ▼ -9.64 (-6%)
Bhanero Textile / Nov 13 Bhanero Textile Mills Limited(BHAT)	1,207.41 ▼ -76.42 (-5.95%)
Hira Textile / Nov 13 Hira Textile Mills Limited(HIRAT)	4.01 ▼ -0.24 (-5.65%)
J.A.Textile / Nov 13 J.A. Textile Mills Limited(JATM)	73.72 ▼ -4.26 (-5.46%)
AN Textile Mills / Nov 13 AN Textile Mills Limited(ANTM)	58.55 ▼ -3.21 (-5.2%)

Stock	Volume
WorldCall Telecom / Nov 13 Worldcall Telecom Limited(WTL)	303,195,710 ▲ 0.13
Kohinoor Spinning / Nov 13 Kohinoor Spinning Mills Limited(KOSM)	59,505,118 ▲ 0.34
LSE Financial Serv. / Nov 13 LSE Financial Services Limited(LSEFSL)	46,791,082 ▲ 0.28
Dost Steels Ltd. / Nov 13 Dost Steels Limited(DSL)	43,180,738 ▲ 0.37
TPL Properties / Nov 13 TPL Properties Limited(TPLP)	32,746,701 ▲ 0.48
Tasdeeq Info. Serv. / Nov 13 Tasdeeq Information Services Limited(TISL)	27,571,943 ▲ 0.05
F. Nat.Equities / Nov 13 First National Equities Limited(FNEL)	24,996,122 ▲ 0.01
Yousuf Weaving / Nov 13 Yousaf Weaving Mills Limited(YOUW)	24,965,743 ▲ 1
Cnergyico PK / Nov 13 Cnergyico PK Limited(CNERGY)	22,527,745 ▲ 0.14
Dar-es-Salaam / Nov 13 Dar-es-Salaam Textile Mills Limited(DSML)	21,467,835 ▲ 0.82

Foreign assets

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