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income tax

Tax years 2016–2020: LTO Lahore selects 200 income tax, 175 sales tax cases

LAHORE: The Large Tax Office (LTO) Lahore has selected around 200 cases of income tax and 175 cases of sales tax in...

Published 07 Dec, 2021 06:29am

Digital mode of payments: FBR extends deadline to year-end

ISLAMABAD: The Federal Board of Revenue (FBR) has granted another extension for the corporate sector to switch over...

Updated 02 Dec, 2021 09:44am

BR Research

Digitizing tax

The new income tax law for any company making cumulative annual payment of beyond Rs250,000 from any single account...

Updated 30 Nov, 2021 03:35pm

Opinion

The quest for tax reforms

The Federal Board of Revenue (FBR) surpassed the revised targets for fiscal year (FY) 2020-2021 and for the first...

Published 19 Nov, 2021 04:35am

Registered taxpayers: FBR tax demands yield Rs80.1bn in FY21

FBR report states that collection out of current demand has increased by a healthy 19.9 percent

Updated 11 Nov, 2021 09:53am

BR Research

IMF review: balancing act?

The IMF review is in the final stage. Yet not everything is final. There is nothing new or out of the blue which is...

Published 08 Nov, 2021 07:25am

Rs330bn sales tax exemptions: Presidential Ordinance on the cards

ISLAMABAD: A presidential ordinance is on the cards to withdraw sales tax exemptions, zero-rating, and reduced sales...

Published 14 Oct, 2021 03:08am

Rs39bn collected, 1.86m returns filed till Sept 30th

ISLAMABAD: The Federal Board of Revenue (FBR) collected Rs39 billion tax along with 1.86 million income tax returns...

Published 07 Oct, 2021 03:31am

BR Research

Filing returns!

The FBR gave in and extended the tax submission deadline by 15 days as reports of the system choking grew on the ...

Published 01 Oct, 2021 07:25am

Income tax return filing deadline extended till 15th

KARACHI: After listening to the problems being faced by taxpayers in filing income tax returns, which were...

Updated 01 Oct, 2021 10:02am

Opinion

FBR & tax appellate system

The Federal Board of Revenue (FBR) is allegedly interfering in the quasi-judicial functions of Commissioners of...

Published 01 Oct, 2021 04:07am

Pakistan

APAT leader makes taxation proposals ahead of protest

LAHORE: Though the key alliance Markazi Tanzeem Tajran has parted ways after getting assurance from the Federal ...

Published 28 Sep, 2021 05:12am

Tax return: FBR clarifies penalty for each day of default

ISLAMABAD: The Federal Board of Revenue (FBR) has clarified that a person who fails to file the return within the ...

Updated 24 Sep, 2021 10:00am

Business

Government of Pakistan Revenue Division Federal Board of Revenue

Subject Explanation of Important Amendments Introduced in the Income Tax Ordinance, 2001, Via the Tax Laws (Third Amendment) Ordinance, 2021

Published 24 Sep, 2021 04:40am

Business & Finance

Tax Laws (Third Amendment) Ordinance, 2021

Within third month of passage of Finance Act, 2021, the Government felt the need of introducing amendments in the Tax Laws. These amendments are primarily directed towards broadening of tax base besides providing concessions to certain sectors

Published 22 Sep, 2021 03:48am

Tax Laws (Third Amendment) Ordinance, 2021: 7 new measures introduced to broaden tax base

ISLAMABAD: The government has introduced seven new measures for broadening the tax base through the Tax Laws (Third...

Published 18 Sep, 2021 06:12am

Pakistan

KE launches Whatsapp service for convenience of customers

KARACHI: K-Electric continues to leverage technology and digitization in its business operations with a focus on...

Published 14 Sep, 2021 03:55am

Business

LCCI urges FBR to extend tax return filing deadline

LAHORE: The Lahore Chamber of Commerce & Industry has urged the Federal Finance Minister Shaukat Tareen and...

Published 14 Sep, 2021 03:55am

Opinion

Pathetic direct tax collection

The dismal share of income tax in overall collection of taxes during the last many decades testifies to the lack of...

Published 10 Sep, 2021 04:41am

Editorials

Taxing agri income

EDITORIAL: It’s about time the government turned its attention to milking some of the long-overdue income tax on...

Published 04 Sep, 2021 06:04am

FBR sets Rs1,200bn revenue collection target for Q1

ISLAMABAD: The Federal Board of Revenue (FBR) has fixed Rs1,200 billion as the revenue collection target for the...

Updated 29 Aug, 2021 01:32pm

Opinion

Dividend payout by companies

Under the Income Tax Ordinance, 2001 income tax is charged on income of a person without any consideration to the...

Published 23 Aug, 2021 06:20am

Inadmissible refunds: PM cuts FBR official to size

ISLAMABAD: Prime Minister Imran Khan has imposed a major penalty of "dismissal from service" on Rajabuddin...

Published 30 Jul, 2021 02:46am

Business & Finance

Locally-manufactured mobile phones' sale to retailers: Tarin approached for removal of tax anomaly

ISLAMABAD: The Pakistan Mobile Phone Manufacturers Association (PMPMA) has approached Finance Minister Shaukat Tarin...

Updated 29 Jul, 2021 11:08pm

Single identifier number for domestic taxes launched

Business

Business & Finance

Import of capital equipment: New status to enable telecom cos to adjust WHT: FBR

ISLAMABAD: The Federal Board of Revenue (FBR) has announced that the declaration of telecommunication sector as an...

Published 02 Jul, 2021 04:19am

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
Petrol/Litre / May 1	288.49
Crude Oil USD/Barrel / May 1	81.12
Gold Spot USD/Ounce / May 1	2288.39
Diesel/Litre / May 1	281.96

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 1 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 1 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 1 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 1 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 1 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 1 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 1 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 1 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 1 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 1 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 1 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 1 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 1 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 1 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 1 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 1 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 1 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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