Trends - income tax - Business Recorder

income tax

Revenue collection target may be raised to Rs7.42trn

ISLAMABAD: The federal government is expected to increase the revenue collection target of the Federal Board of...

Updated 22 Jun, 2022 10:08am

Opinion

Wealth tax in the guise of deemed income

Whenever historians will write the history of an abusive, incorrect, absurd and technically incorrect tax imposition...

Published 16 Jun, 2022 06:03am

Salaried class tax structure: govt in a fix

ISLAMABAD: The government is in a fix to either heavily tax the salaried class under the amended Finance Bill, 2022...

Updated 15 Jun, 2022 09:58am

Finance Bill 2022: Rate of proposed tax on deemed rental income to be 20pc

Proposed tax on deemed income from an unutilised property above Rs25 million not applicable on land where agriculture activity is carried out

Updated 12 Jun, 2022 03:00pm

Lower income salaried class gets tax relief

ISLAMABAD: A major relief has been provided to the lower income salaried class taxpayers by increasing the basic tax...

Published 11 Jun, 2022 06:41am

Business & Finance

FBR releases Tax Expenditure Report 2022

ISLAMABAD: The Federal Board of Revenue (FBR) on Friday released the Tax Expenditure Report 2022, revealing that the...

Published 11 Jun, 2022 06:14am

Pakistan

Budget 2022-23: here are revised tax rates and slabs for the salaried income group

Govt targets 'ultra' rich with new taxation slabs

Published 10 Jun, 2022 11:02pm

Business & Finance

Ahead of budget 2022-23, here is a review of income tax rates during the outgoing fiscal year

These rates are applicable if income of the individual from salary exceeds 75% of taxable income

Published 08 Jun, 2022 07:52pm

Business & Finance

RTO Lahore recovers Rs42m in May

LAHORE: The Regional Tax Office (RTO) Lahore has recovered Rs42 million as arrears of income tax through attachment...

Published 07 Jun, 2022 05:47am

Profit-earning sectors: Some kind of time-bound levy may be imposed

ISLAMABAD: The government is planning to impose some kind of time-bound levy or additional income tax on the annual...

Updated 27 May, 2022 10:00am

Business & Finance

FPCCI urges govt to declare ‘economic emergency’

KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the federal government to...

Published 07 May, 2022 05:46am

Opinion

Daunting challenges for new govt

Pakistan at the moment is going through chronic political and economic turmoil. The most critical elements of the...

Published 29 Apr, 2022 05:43am

Business & Finance

CDPR holds workshop on ‘tax reforms for inclusive, sustainable growth’

LAHORE: The Consortium for Development Policy Research (CDPR) in collaboration with the British High Commission’s...

Published 16 Apr, 2022 04:10am

Business & Finance

Indonesia to impose VAT, income tax on crypto assets from May

JAKARTA: Indonesia plans to charge value-added tax (VAT) on crypto asset transactions and an income tax on capital...

Published 04 Apr, 2022 05:38am

Business & Finance

Indonesia to impose VAT, income tax on crypto assets from May

JAKARTA: Indonesia plans to charge value-added tax (VAT) on crypto asset transactions and an income tax on capital...

Published 02 Apr, 2022 04:14am

Business & Finance

FBR rescinds its letter

ISLAMABAD: The Federal Board of Revenue (FBR), Thursday rescinded its letter dated February 17, 2000 on the...

Published 01 Apr, 2022 05:41am

Opinion

The Income Tax Amendment Ordinance 2022: govt’s plan to promote industries

[These notes have been prepared on the basis of draft of the law as provided by Super Law Updates] General A...

Published 04 Mar, 2022 04:37am

Daily wagers: FTO asks FBR to fix income limit for tax exemption

ISLAMABAD: The Federal Tax Ombudsman (FTO) has recommended the Federal Board of Revenue (FBR) to fix minimum income...

Updated 26 Feb, 2022 10:00am

Opinion

‘Naya Pakistan’

Over the last three years Pakistan has changed, but perhaps not in the way we had hoped or expected. The change that...

Published 25 Feb, 2022 06:19am

FBR’s sectoral audit selection illegal: SHC

ISLAMABAD: The selection of income tax audit of various sectors by the Commissioners on the instructions of the...

Updated 22 Feb, 2022 10:46am

Opinion

Dividends to shareholders

Until recently, companies forwarded copies of their instructions to the concerned bank in relation to credit of...

Published 18 Feb, 2022 04:31am

BR Research

IPP WHT revision: good move, poor optics?

In a summary moved to ECC, the government has sought approval to reduce the WHT on IPPs under 2015 policy for ...

Published 11 Feb, 2022 08:17am

Business & Finance

Quick disposal of refund cases: FBR issues instructions to field offices on FTO’s intervention

ISLAMABAD: Following intervention of the Federal Tax Ombudsman (FTO), the Federal Board of Revenue (FBR) has issued...

Published 11 Feb, 2022 04:31am

Matters relating to sales tax, income tax, FED: FY23 budget to envisage ‘one’ document for business community, general public

ISLAMABAD: Business community and general public would be able to have ‘’one’’ tax document in budget...

Updated 09 Feb, 2022 09:45am

World

UAE to launch first federal corporate tax on business profits

DUBAI: The United Arab Emirates (UAE) on Monday said it would introduce a federal corporate tax on business profits...

Published 01 Feb, 2022 04:07am

Pakistan

PTBA says concerned at FBR’s decision

LAHORE: The Pakistan Tax Bar Association (PTBA) has expressed grave concerns over the decision taken by the Federal...

Published 28 Jan, 2022 04:45am

Advance tax on wide range of cellular services increased

ISLAMABAD: The Federal Board of Revenue (FBR) from January 16, 2022 increased the advance tax on a wide range of...

Updated 28 Jan, 2022 09:32am

Markets

Turkey passes law exempting converted lira deposits from corporate tax

ISTANBUL: Turkey's parliament approved a law late on Thursday under which lira deposits converted from foreign...

Published 21 Jan, 2022 03:30pm

Opinion

Note on the Finance (Supplementary) Act, 2022

The National Assembly has passed the Finance (Supplementary) Bill on...

Published 17 Jan, 2022 07:06am

Opinion

Memorandum on the Finance (Supplementary) Bill, 2021

BACKGROUND AND HIGHLIGHTS OF THE FINANCE (SUPPLEMENTARY) BILL, 2021 The Government claims to have presented the...

Published 06 Jan, 2022 04:13am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 30	278.40
USD PKR Interbank Buying / Apr 30	278.20
USD to Japanese Yen / May 1	157.86
USD to Swiss Franc / May 1	0.92
Pound Sterling to USD / May 1	1.25
Euro to USD / May 1	1.07

Stock	Volume
S&P 500 / Apr 30	5035.69
India Sensex / Apr 30	74482.78
Nasdaq / Apr 30	15657.82
Hang Seng / Apr 30	17763.03
Dow Jones / Apr 30	37815.92
Germany DAX 30 / Apr 30	17932.17
France CAC40 / Apr 30	7984.93
Tokyo Nikkei / May 1	38274.05

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 30	20535
Gold 10 Grams PKR / Apr 30	207390
Crude Oil USD/Barrel / May 1	81.12
Gold Spot USD/Ounce / May 1	2288.39
Cotton US¢/pound / May 1	78.01
Petrol/Litre / May 2	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 2 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 2 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 2 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 2 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 2 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 2 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 2 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 2 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 2 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 2 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 2 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 2 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 2 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 2 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 2 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 2 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 2 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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