Topic

RRMC

Standardising financial regimes: Aurangzeb highlights importance

Updated 27 Nov, 2024 09:21am

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a meeting with a delegation of...

FBR ‘revamp plan’: Will caretakers be able to deal with legislative issues?

Updated 15 Jan, 2024 09:53am

ISLAMABAD: The proposed Customs Oversight Board and Inland Revenue Oversight Board each would comprise 10 members...

Documentation of economy: Promulgation of crucial ordinance delayed

Updated 07 Oct, 2023 05:40pm

ISLAMABAD: The caretaker government has delayed the promulgation of an Ordinance for the integration of data of all...

Tax on immovable properties: FBR urged to give taxpayers online declaration option

Updated 24 Jul, 2023 09:29am

ISLAMABAD: The Federal Board of Revenue (FBR) should introduce an option for the taxpayers in the online declaration...

Cash withdrawal: Non-filers to pay 0.6pc advance tax

Published 10 Jun, 2023 04:37am

KARACHI: The federal government has proposed 0.6 percent advance tax on cash withdrawal for non-filers to bring more...

RRMC chief advocates major surgery in taxation system

Published 08 Jun, 2023 06:30am

ISLAMABAD: State Minister and Chairman of Reforms and Resource Mobilisation Commission (RRMC), Ashfaq Tola, said...

Inter-company dividends: Govt may provide relief from multiple taxation

Updated 06 Jun, 2023 08:45am

ISLAMABAD: The government is likely to provide relief from multiple taxes on inter-company dividends in the coming...

Advance tax on cos’ reserves: RRMC’s proposal dropped on corporate sector’s deep concerns

Updated 04 Jun, 2023 12:43pm

ISLAMABAD: The government has dropped a major taxation proposal of imposing an advance tax on companies’ reserves...

IMF, Constitution & tax codes

Published 02 Jun, 2023 03:56am

“The International Monetary Fund (IMF) on Monday urged Pakistan to follow the Constitution in order to resolve its...

Failure to bring in forex proceeds within stipulated time: TMA rejects RRMC’s tax imposition proposal

Published 02 Jun, 2023 03:56am

KARACHI: Syed Usman Ali, Senior Vice Chairman of the Towel Manufacturers Association of Pakistan has expressed deep...

Tax suggested on exporters not bringing forex within specified period of time

Updated 01 Jun, 2023 08:53am

ISLAMABAD: The Reforms & Revenue Mobilization Commission (RRMC) has recommended the Ministry of Finance to...

Budget FY23-24: FBR working out new scheme aimed at retailers’ documentation

Updated 01 Jun, 2023 08:54am

ISLAMABAD: The Federal Board of Revenue (FBR) is working out a new scheme for the documentation of small retailers...

Textile exporters term RRMC’s report ‘anti-export’ drive

Published 01 Jun, 2023 03:34am

KARACHI: The value-added textile exporters have rejected the Reforms & Revenue Mobilization Commission’s...

Market says likelihood of tax on companies’ reserves getting green signal ‘low’

Published 31 May, 2023 06:31pm

Market experts on Wednesday said the likelihood of the government imposing a tax on undistributed profits – reserves...

Levies under FTR on exports: Higher tax rate on dividend recommended

Updated 31 May, 2023 08:55am

ISLAMABAD: The Reforms & Revenue Mobilization Commission (RRMC) has strongly recommended a higher rate of tax on...

Filing of wealth statement: RRMC urges MoF to abolish requirement

Updated 31 May, 2023 09:01am

ISLAMABAD: The Reforms and Revenue Mobilization Commission (RRMC) has recommended the Ministry of Finance to abolish...

Import shipments: RRMC underscores need for amendments in Customs laws

Published 31 May, 2023 03:56am

ISLAMABAD: The Reforms & Revenue Mobilization Commission (RRMC) has strongly recommended amendments in Customs...

Companies scramble for emergency meetings amid reports of proposal to tax reserves

Published 30 May, 2023 06:14pm

Reports of the Reform and Revenue Mobilisation Commission’s (RRMC) proposal to tax accumulated reserves of companies...

Benami assets: FBR may be empowered to invoke Sec 111 of IT Ord

Updated 30 May, 2023 09:27am

ISLAMABAD: The government is likely to empower the Federal Board of Revenue (FBR) to invoke Section 111 (unexplained...

The slow poisoning of economy?

Updated 29 May, 2023 12:15pm

Some of the budget proposals circulating in the media — especially those recommended by the reforms and revenue...

Accumulated profits: Proposed advance tax may be challenged in courts

Updated 29 May, 2023 09:04am

ISLAMABAD: The advance tax on companies’ accumulated profits proposed by the Reform and Revenue Mobilisation...

Business bank account opening: RRMC for making NTN mandatory

Updated 28 May, 2023 10:00am

ISLAMABAD: The Reforms & Revenue Mobilisation Commission (RRMC) has recommended that the National Tax Number...

Income tax: Govt likely to introduce e-assessment scheme

Updated 28 May, 2023 09:58am

ISLAMABAD: The government is likely to introduce an electronic-assessment scheme in the budget (2023-24) to conduct...

RRMC advocates extending income tax exemption to REITs

Updated 27 May, 2023 08:54am

ISLAMABAD: The Reforms & Revenue Mobilization Commission (RRMC) has recommended the government to extend the...

Goods/passenger transport vehicles: RRMC recommends one-time/ transactional advance tax

Published 27 May, 2023 06:09am

ISLAMABAD: The Reforms & Revenue Mobilization Commission (RRMC) has recommended a one-time/transactional advance...

Tax base boost task: RRMC recommends deployment of at least 30pc of FBR workforce

Published 26 May, 2023 06:48am

ISLAMABAD: The Reforms and Revenue Mobilisation Commission (RRMC) has strongly recommended the Federal Board of...

FY24 budget: RRMC recommends cashless purchases at petrol pumps

Updated 26 May, 2023 12:53pm

ISLAMABAD: The Reforms & Revenue Mobilization Commission (RRMC) has recommended that petrol stations across the...

Govt likely to shift exporters from FTR to MTR scheme

Updated 25 May, 2023 08:49am

ISLAMABAD: The government is likely to shift the exporters from the Final Tax Regime (FTR) to the Minimum Tax Regime...

Non-corporate businesses: RRMC suggests hike in tax rates

Updated 25 May, 2023 08:53am

ISLAMABAD: The Reforms & Revenue Mobilization Commission (RRMC) has strongly recommended an increase in tax ...

Wholesale, retail sectors: Govt considering ending multiple withholding taxes

Updated 25 May, 2023 08:50am

ISLAMABAD: The government is considering a recommendation of the Reforms & Revenue Mobilization Commission...

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 30	277.31
USD PKR Interbank Buying / Sep 30	277.11
USD to Japanese Yen / Oct 1	158.32
USD to Swiss Franc / Oct 1	0.84
Pound Sterling to USD / Oct 1	1.32
Euro to USD / Oct 1	1.13
SOFR % / Sep 29	3.88

Stock	Volume
S&P 500 / Sep 30	7,651.54
Nasdaq / Sep 30	26,861.06
Hang Seng / Sep 30	24,613.27
FTSE 100 / Sep 30	10,606
Dow Jones / Sep 30	50,906.05
Germany DAX 30 / Sep 30	25,199.19
France CAC40 / Sep 30	7,964.51
India Sensex / Oct 1	71,770.30
Tokyo Nikkei / Oct 1	68,956.72

Item	Value
Karachi Cotton PKR/37.32 KG / Sep 30	18,680
Gold 10 Grams PKR / Sep 30	378,631
Petrol/Litre / Oct 1	387.54
Crude Oil USD/Barrel / Oct 1	92.53
Gold Spot USD/Ounce / Oct 1	4,162.20
Diesel/Litre / Oct 1	402.24
Cotton US¢/pound / Oct 1	78.41

Gainers
Losers
Leaders

Stock	Price
D.S. Ind. Ltd. / Oct 1 D.S. Industries Limited(DSIL)	15.70 ▲ 1.43 (10.02%)
Arctic Textile / Oct 1 Arctic Textile Mills Limited(ARCTM)	57.33 ▲ 5.21 (10%)
Dewan Motors / Oct 1 Dewan Farooque Motors Limited(DFML)	17.49 ▲ 1.59 (10%)
Ellcot Spinning / Oct 1 Ellcot Spinning Mills Limited(ELSM)	196.28 ▲ 17.84 (10%)
First Imrooz Mod. / Oct 1 First Imrooz Modaraba(FIMM)	286.94 ▲ 26.09 (10%)
Fazal Cloth / Oct 1 Fazal Cloth Mills Limited(FZCM)	280.46 ▲ 25.5 (10%)
Mandviwala / Oct 1 Mandviwala Mauser Plastic Industries(MWMP)	84.78 ▲ 7.71 (10%)
Asim Textile / Oct 1 Asim Textile Mills Limited(ASTM)	125.34 ▲ 11.38 (9.99%)
Popular Islamic / Oct 1 Popular Islamic Modaraba(PIM)	65.60 ▲ 5.96 (9.99%)
Premier Sugar / Oct 1 The Premier Sugar Mills(PMRS)	388.99 ▲ 33.18 (9.33%)

Stock	Price
EFU Life Assr / Oct 1 EFU Life Assurance Limited(EFUL)	124 ▼ -40.01 (-24.39%)
Ashfaq Textile / Oct 1 Ashfaq Textile Mills Limited(ASHT)	45.51 ▼ -5.06 (-10.01%)
First Punjab Modaraba / Oct 1 First Punjab Modaraba(FPJM)	26.14 ▼ -2.9 (-9.99%)
Power Cem(Pref) / Oct 1 Power Cement (Pref)(POWERPS)	29.62 ▼ -2.87 (-8.83%)
Imperial Limited / Oct 1 Imperial Limited(IML)	22.55 ▼ -2.14 (-8.67%)
First Tri-Star Mod. / Oct 1 First Tri-Star Modaraba(FTSM)	45.12 ▼ -3.8 (-7.77%)
Pakistan Credit Rating Agency / Oct 1 The Pakistan Credit Rating Agency Ltd(GEMPACRA)	45.01 ▼ -3.51 (-7.23%)
Agro Processors & Atmospheric / Oct 1 Agro Processors & Atmospheric Gases Ltd(SOYASUP)	28.55 ▼ -2.21 (-7.18%)
Fateh Sports / Oct 1 Fateh Sports Wear Limited(FSWL)	145 ▼ -10 (-6.45%)
J.K.Spinning / Oct 1 J.K. Spinning Mills Limited(JKSM)	315.15 ▼ -20.25 (-6.04%)

Stock	Volume
Kohinoor Spinning / Oct 1 Kohinoor Spinning Mills Limited(KOSM)	77,763,453 ▲ 0.37
First Punjab Modaraba / Oct 1 First Punjab Modaraba(FPJM)	22,451,749 ▼ -2.9
Pak Int.Bulk / Oct 1 Pakistan International Bulk Terminal(PIBTL)	20,313,435 ▼ -0.03
Tasdeeq Info. Serv. / Oct 1 Tasdeeq Information Services Limited(TISL)	15,239,888 ▲ 0.02
D.S. Ind. Ltd. / Oct 1 D.S. Industries Limited(DSIL)	15,143,551 ▲ 1.43
Cnergyico PK / Oct 1 Cnergyico PK Limited(CNERGY)	14,977,406 ▼ -0.12
Oilboy Energy / Oct 1 Oilboy Energy Limited(OBOY)	11,116,044 ▲ 0.16
WorldCall Telecom / Oct 1 Worldcall Telecom Limited(WTL)	10,855,015 ▲ 0
Yousuf Weaving / Oct 1 Yousaf Weaving Mills Limited(YOUW)	10,660,706 ▼ -0.01
K-Electric Ltd. / Oct 1 K-Electric Limited(KEL)	9,639,802 ▲ 0.05

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