Trends - Revenue Division - Business Recorder

Revenue Division

Public money: ECC directs ministries, divisions to replace insurance with bank guarantee

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has directed all ministries/Division to take...

Updated 12 Feb, 2025 02:34pm

Business & Finance

Revenue Division seeks exemption from vacant post abolition requirement

The Revenue Division has proposed a one-time dispensation from the policy requiring the abolition of 60% of vacant...

Updated 24 Jan, 2025 10:10pm

Backing FBR operationalisation: Federal Cabinet approves setting up of ‘NTC’

National Targeting Centre employs advanced technologies and intelligence analysis to identify and prioritise potential threats related to the movement of passengers and cargo

Updated 17 Dec, 2024 02:54pm

Tax relief on humanitarian donations, gifts: Revenue Division directed to process law amendments

ISLAMABAD: The Federal Cabinet has directed the Revenue Division to process amendments to law/rules to ensure...

Updated 30 May, 2024 09:28am

Caretakers to do only groundwork

ISLAMABAD: The caretaker government has decided that in view of its constitutional and legal mandate, it would only...

Updated 04 Feb, 2024 09:52am

Appointment of Benami adjudicating authority members: Cabinet grills Revenue Div for ignoring PMO’s suggestions

ISLAMABAD: Revenue Division has reportedly been grilled by the caretaker federal cabinet for not honouring...

Updated 29 Jan, 2024 09:14am

Business & Finance

FBR’s ‘revamp plan’: Cabinet to take up summary of Revenue Division today

ISLAMABAD: Federal Cabinet will take up the summary of the Revenue Division on the restructuring of the Federal ...

Published 23 Jan, 2024 05:14am

Opinion

Non-disclosures & underperformance

Ever year Federal Board of Revenue (FBR) as Revenue Division of Ministry of Finance (MoF), issues data relating to...

Published 22 Dec, 2023 05:22am

Forex deals: Tax on windfall profits of banks likely

ISLAMABAD: The government is likely to invoke provisions of the Finance Act, 2023, to impose tax on windfall...

Updated 15 Nov, 2023 09:49am

FTO barred from initiating action against banking co

ISLAMABAD: Islamabad High Court (IHC) has restrained the Federal Tax Ombudsman (FTO) from taking action against a...

Updated 09 Oct, 2023 08:43am

‘Pakistan Land Port Authority’: ‘Final’ approval blocked by minister

ISLAMABAD: Commerce Minister Syed Naveed Qamar is said to have blocked final approval of Pakistan Land Port...

Updated 15 Jul, 2023 09:49am

Business & Finance

Point of sale: FBR directed to issue instructions to field formations

ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to issue instructions to...

Published 09 Jun, 2023 06:20am

Business & Finance

Revenue Div allowed to publish tax directory of MPs for 2020

ISLAMABAD: The federal cabinet has allowed the Revenue Division to publish the tax directory of parliamentarians for...

Updated 19 Jan, 2023 08:38am

Business & Finance

Taxpayers’ outstanding issues: FBR chief asks taxmen to pull their socks up

ISLAMABAD: Chairman Federal Board of Revenue (FBR)/Secretary Revenue Division, Dr Muhammad Ashfaq Ahmed Friday...

Published 11 Dec, 2021 04:12am

Business & Finance

All fruits except fresh apples from Afghanistan exempted from sales tax

ISLAMABAD: The Federal government has exempted all fruits of Afghanistan from sales tax from September 15, 2021...

Published 17 Nov, 2021 04:22am

Nawaz, family: FTO seeks report on 'not taxing' assets, income

ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed Chief Commissioner Inland Revenue, Lahore and other ...

Updated 18 Oct, 2021 11:52am

Pakistan

PAC drops discussion on Pandora Papers

ISLAMABAD: A sub-committee of the Public Accounts Committee (PAC) had to drop discussion on Pandora Papers scam upon...

Published 06 Oct, 2021 04:17am

Pakistan

Security of taxpayers' data: No action taken against PRAL officials

ISLAMABAD: The Federal Board of Revenue (FBR) has yet not taken any action against concerned officials of the...

Published 05 Oct, 2021 04:34am

Business & Finance

Probe into Cyber attack on FBR website: FTO summons Secy Revenue Div, PRAL CEO and FBR Member (IT)

ISLAMABAD: The Federal Tax Ombudsman (FTO) has summoned Secretary Revenue Division; CEO, Pakistan Revenue Automation...

Published 29 Sep, 2021 03:59am

Some specific companies: Rs1.6bn penal surcharge waived

ISLAMABAD: The Federal Government has waived off Rs 1.6 billion penal surcharge to some specific companies on the...

Updated 20 Sep, 2021 09:41am

High net-worth un-registered persons: Over 200,000 issued notices by FBR

ISLAMABAD: The Federal Board of Revenue (FBR) has issued notices to over 200,000 high net-worth un-registered ...

Updated 15 Sep, 2021 10:08am

Technology

Purchase of software, IT-related equipment: Govt urged to declare operational emergency

ISLAMABAD: The Revenue Division has requested the federal government to declare operational emergency for immediate...

Published 14 Sep, 2021 03:55am

PSDP: Release of Rs392.686bn authorised in less than three months

ISLAMABAD: The federal government authorised the release of Rs392.686 billion (43.6 percent of total budgeted amount...

Updated 08 Sep, 2021 11:00am

Overstayed goods: Waiver of penal surcharge not likely

ISLAMABAD: Finance Minister Shaukat Tarin has reportedly "blocked" a proposal of Federal Board of Revenue (FBR)...

Published 31 Aug, 2021 03:43am

Business & Finance

FTO to conduct investigation against LTO Islamabad

ISLAMABAD: The Federal Tax Ombudsman (FTO) has decided to conduct an investigation against Large Taxpayer Office...

Published 06 Aug, 2021 04:18am

PSDP 2021-22: Rs133.66bn released against budgeted Rs900bn

ISLAMABAD: The federal government has released Rs133.66 billion (14.85 percent) for various ongoing and new...

Published 18 Jul, 2021 05:33am

Junior officers: FBR takes serious notice of additional charges sans approval

ISLAMABAD: The Federal Board of Revenue (FBR) has taken serious notice of an illegal practice in the field formation...

Published 13 Jul, 2021 02:49am

Business

Member of FBR policy board: Revenue Division secy receives letter for nomination of Dilawar Khan

ISLAMABAD: The Revenue Division secretary has received a letter from the Senate Secretariat for nomination of ...

Published 25 May, 2021 04:40am

Business & Finance

Prize bond holders in a fix on eve of balloting

LAHORE: Holders of Rs 7,500 denomination national prize bonds are in a fix on the eve of its balloting as the...

Published 01 May, 2021 03:28am

Opinion

Erstwhile FATA/PATA: Tax issues — II

The FBR has recently issued the following circulars in respect of streamlining the exemptions available in the...

Published 10 Apr, 2021 04:35am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 12	282.73
USD PKR Interbank Buying / Jun 12	282.53
USD to Japanese Yen / Jun 12	144.50
USD to Swiss Franc / Jun 12	0.81
Pound Sterling to USD / Jun 12	1.36
Euro to USD / Jun 12	1.15
UK LIBOR % / Jun 12	4.96

Stock	Volume
S&P 500 / Jun 12	6,045.26
India Sensex / Jun 12	81,691.98
Tokyo Nikkei / Jun 12	37,685.10
Nasdaq / Jun 12	19,662.48
Hang Seng / Jun 12	23,873.24
FTSE 100 / Jun 12	8,884.92
Dow Jones / Jun 12	42,967.62
Germany DAX 30 / Jun 12	23,771.45
France CAC40 / Jun 12	7,765.11

Item	Value
Crude Oil USD/Barrel / Jun 12	74.04
Karachi Cotton PKR/37.32 KG / Jun 12	16,485
Gold 10 Grams PKR / Jun 12	305,984
Gold Spot USD/Ounce / Jun 12	3,450.10
Cotton US¢/pound / Jun 12	67.63
Petrol/Litre / Jun 13	253.63
Diesel/Litre / Jun 13	254.64

Gainers
Losers
Leaders

Stock	Price
Shadman Cotton / Jun 13 Shadman Cotton Mills Limited(SHCM)	47.38 ▲ 4.31 (10.01%)
LSE Financial Serv. / Jun 13 LSE Financial Services Limited(LSEFSL)	42.97 ▲ 3.91 (10.01%)
Nets Internat.Comm. / Jun 13 Nets International Communication Limited(GEMNETS)	31.35 ▲ 2.85 (10%)
MACPAC Films / Jun 13 MACPAC Films Limited(MACFL)	22.15 ▲ 2.01 (9.98%)
Apna Microfin. / Jun 13 Apna Microfinance Bank Limited(AMBL)	11.70 ▲ 1.06 (9.96%)
Maqbool Tex. / Jun 13 Maqbool Textile Mills Limited(MQTM)	35.40 ▲ 3.04 (9.39%)
Arpak Int. / Jun 13 Arpak International Investments Ltd.(ARPAK)	62.50 ▲ 5.24 (9.15%)
ZIL Limited / Jun 13 ZIL Limited(ZIL)	390 ▲ 32.53 (9.1%)
J.K.Spinning / Jun 13 J.K. Spinning Mills Limited(JKSM)	84.85 ▲ 6.16 (7.83%)
Invest Bank / Jun 13 Invest Capital Investment Bank Limited(ICIBL)	6.52 ▲ 0.41 (6.71%)

Stock	Price
F.Credit & Inv / Jun 13 First Credit and Investment Bank Limited(FCIBL)	11.22 ▼ -1.25 (-10.02%)
Khyber Textile / Jun 13 Khyber Textile Mills Limited(KHYT)	1,794.55 ▼ -199.39 (-10%)
PIA Holding Co.B / Jun 13 PIA Holding Company Limited B(PIAHCLB)	18,889.10 ▼ -2098.79 (-10%)
Arctic Textile / Jun 13 Arctic Textile Mills Limited(ARCTM)	39.58 ▼ -4.4 (-10%)
First Elite Cap.Mod / Jun 13 First Elite Capital Modaraba(FECM)	38 ▼ -4.2 (-9.95%)
Sec. Inv. Bank / Jun 13 Security Investment Bank Limited(SIBL)	8.96 ▼ -0.99 (-9.95%)
Ashfaq Textile / Jun 13 Ashfaq Textile Mills Limited(ASHT)	21.04 ▼ -2.32 (-9.93%)
Hala Enterprise / Jun 13 Hala Enterprises Limited(HAEL)	30.70 ▼ -3.22 (-9.49%)
First Dawood Prop. / Jun 13 First Dawood Properties Limited(FDPL)	2.90 ▼ -0.3 (-9.38%)
Safe Mix Con.Lt / Jun 13 Safe Mix Concrete Limited(SMCPL)	18.40 ▼ -1.8 (-8.91%)

Stock	Volume
Invest Bank / Jun 13 Invest Capital Investment Bank Limited(ICIBL)	2,032,079 ▲ 0.41
WorldCall Telecom / Jun 13 Worldcall Telecom Limited(WTL)	1,603,680 ▼ -0.04
Pervez Ahmed Consultancy / Jun 13 Pervez Ahmed Consultancy Services Ltd.(PASL)	1,167,663 ▼ -0.09
Fauji Cement / Jun 13 Fauji Cement Company Limited(FCCL)	1,060,578 ▼ -1.46
Sui South Gas / Jun 13 Sui Southern Gas Company Limited(SSGC)	979,874 ▼ -0.68
K-Electric Ltd. / Jun 13 K-Electric Limited(KEL)	923,410 ▼ -0.21
Cnergyico PK / Jun 13 Cnergyico PK Limited(CNERGY)	841,665 ▼ -0.35
MACPAC Films / Jun 13 MACPAC Films Limited(MACFL)	815,690 ▲ 2.01
Maple Leaf Cement / Jun 13 Maple Leaf Cement Factory Limited(MLCF)	707,215 ▼ -3.59
Pak Refinery / Jun 13 Pakistan Refinery Limited(PRL)	694,725 ▼ -1.09

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