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Senate Standing Committee on Finance

Every Finance Act tells two stories

Published 03 Jul, 2026 05:13am

That every Finance Act tells two stories is a fact. One is written in statutory language through new sections,...

Stationery items: Senate body recommends ST relief

Updated 17 Jun, 2026 09:34am

ISLAMABAD: The Senate Standing Committee on Finance on Tuesday accepted a major proposal of the stationery industry...

FBR explains higher penalties for digital non-compliance

Published 16 Jun, 2026 04:12am

ISLAMABAD: Federal Board of Revenue (FBR) Member (Strategic Transformation) Dr. Hamid Ateeq Sarwar said that the...

Aurangzeb tells Senate body: Faceless system to end corruption of tax machinery

Updated 15 Jun, 2026 09:19am

ISLAMABAD: Finance Minister Muhammad Aurangzeb Sunday informed the Senate Standing Committee on Finance that the...

Proposal seeking abolishment of CVT on foreign assets approved

Updated 15 Jun, 2026 09:02am

ISLAMABAD: Senate Standing Committee on Finance Sunday approved a budgetary proposal to abolish Capital Value Tax...

Petroleum Products Ordinance: Senate panel opposes amendments thru finance bill

Published 15 Jun, 2026 02:32am

ISLAMABAD: Senate Standing Committee on Finance Sunday expressed their reservations over the proposals to amend...

Budget: tax on hybrid cars may stay unchanged; up to 25pc sales tax on import of EVs likely

Updated 10 Jun, 2026 09:26am

Sources tell Business Recorder several sales tax exemptions are set to expire on June 30, 2026

Senate body approves Customs (Amendment) Bill 2026

Published 20 May, 2026 02:34am

ISLAMABAD: The Senate Standing Committee on Finance approved the Customs (Amendment) Bill, 2026, to give effect to...

Missing silver case: Senior customs officials nearing arrest?

Updated 15 May, 2026 08:18am

ISLAMABAD: Federal Board of Revenue (FBR) Member Customs (Operations) Syed Shakeel Shah has said the Federal...

Withdrawal of Super Tax: Kayani doesn’t confirm any possibility

Updated 15 May, 2026 09:14am

ISLAMABAD: Minister of State for Finance Bilal Azhar Kayani Thursday did not confirm any possibility of the...

Patchwork economics

Published 15 May, 2026 06:03am

EDITORIAL: The flood of sector-specific demands placed before the Senate Standing Committee on Finance ahead of the...

Cash management framework under strain

Published 24 Apr, 2026 06:40am

EDITORIAL: When parliament enacted the Public Finance Management (PFM) Act 2019, it sought to overhaul a deeply...

Asset declarations by govt servants: ED, FBR under fire for non-implementation of laws

Published 17 Apr, 2026 06:16am

ISLAMABAD: The Senate Standing Committee on Finance expressed serious reservations over the non-implementation of...

Superior courts: Ministry, AGP affirm FBR’s right to challenge President’s orders

Updated 06 Apr, 2026 08:49am

ISLAMABAD: Ministry of Law and Justice and Attorney General for Pakistan have ruled that the Federal Board of...

Dispute resolution: FBR chief takes step aimed at facilitating importers

Published 02 Apr, 2026 06:03am

ISLAMABAD: Chairman of the Federal Board of Revenue (FBR), Rashid Mahmood Langrial, on Wednesday, took a major step...

Support to ADRC mechanism: FBR moves President against FTO’s order, Senate panel told

Published 15 Mar, 2026 02:21am

ISLAMABAD: Senate Standing Committee on Finance has been informed that the Federal Board of Revenue (FBR) has filed...

Panel orders probe into alleged embezzlement in NAVTTC

Updated 12 Feb, 2026 06:05am

ISLAMABAD: In a sharp rebuke to the National Vocational and Technical Training Commission (NAVTTC), a parliamentary...

PRAL CEO draws Rs5.2m salary, 5pc ‘Mobility Allowance’?

Published 06 Feb, 2026 06:27am

ISLAMABAD: The newly appointed Chief Executive Officer (CEO) of Pakistan Revenue Automation Limited (PRAL) is ...

FBR says has not breached financial privacy of taxpayers

Updated 06 Feb, 2026 08:16am

ISLAMABAD: The Federal Board of Revenue (FBR) has not breached the financial privacy of taxpayers by sending text...

Govt to review tax rates for highest salary slab

Updated 05 Feb, 2026 09:17am

ISLAMABAD: Finance Minister Muhammad Aurangzeb Wednesday said the government will review the tax rates on the...

Super Tax to be recovered in instalments: FBR announces major relief for corporate sector

Updated 05 Feb, 2026 09:21am

ISLAMABAD: Chairman Federal Board of Revenue (FBR), Rashid Mahmood Langrial on Wednesday announced major relief for...

CCP says it reduced court pendency by 50%, imposed Rs1bn fines in a year

Published 28 Aug, 2025 06:12pm

The Competition Commission of Pakistan (CCP) said on Thursday it had halved its court pendency and recovered...

Businessmen voice concerns over trade challenges at Iran, Afghanistan borders

Published 01 Aug, 2025 07:05pm

ISLAMABAD: The representatives of Quetta Chamber of Commerce informed the Senate Standing Committee on Finance at...

Finance Bill 2024: Senate proposes whopping 128 recommendations to National Assembly

Updated 24 Jun, 2024 11:02pm

Senate Standing Committee on Finance unanimously rejects increase in tax on low-tier salaried class, Chairman Saleem Mandviwalla says

Govt’s non-developmental/recurring expenditure: Senate body may take up issue of ways, means

Published 17 Jan, 2024 06:02am

ISLAMABAD: A meeting of the Senate Standing Committee on Finance is likely to take up the issue of ways and means to...

Raise in FBR tax collection target

Published 21 Feb, 2023 05:57am

EDITORIAL: Additional taxation measures of 170 billion rupees tabled in parliament on 15 February by Finance ...

Fiscal year 2022-23: Tax target raised to Rs7.64trn

Updated 17 Feb, 2023 10:15pm

Revenue collection target has been increased after additional revenue measures of Rs170 billion, says Federal Board of Revenue Chairman Asim Ahmad

MoS Aisha terms ‘structural reforms’ need of the hour

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 17	278.16
USD PKR Interbank Buying / Jul 17	277.96
USD to Japanese Yen / Jul 17	162.40
USD to Swiss Franc / Jul 17	0.81
Pound Sterling to USD / Jul 17	1.35
Euro to USD / Jul 17	1.14
SOFR % / Jul 17	3.60

Stock	Volume
S&P 500 / Jul 17	7,457.69
India Sensex / Jul 17	78,151.45
Tokyo Nikkei / Jul 17	64,141.12
Nasdaq / Jul 17	25,520.24
Hang Seng / Jul 17	24,562.24
FTSE 100 / Jul 17	10,600.37
Dow Jones / Jul 17	52,146.42
Germany DAX 30 / Jul 17	24,830.98
France CAC40 / Jul 17	8,338.81

Item	Value
Crude Oil USD/Barrel / Jul 17	82.49
Karachi Cotton PKR/37.32 KG / Jul 17	18,780
Gold 10 Grams PKR / Jul 17	361,656
Gold Spot USD/Ounce / Jul 17	4,017.39
Cotton US¢/pound / Jul 17	78.63
Petrol/Litre / Jul 19	316.15
Diesel/Litre / Jul 19	354.35

Gainers
Losers
Leaders

Stock	Price
Dadabhoy Cement / Jul 17 Dadabhoy Cement Industries Limited(DBCI)	17.01 ▲ 1.55 (10.03%)
Ruby Textile / Jul 17 Ruby Textile Mills Limited(RUBY)	17.59 ▲ 1.6 (10.01%)
Crescent Cotton / Jul 17 Crescent Cotton Mills Limited(CCM)	53.68 ▲ 4.88 (10%)
National Silk / Jul 17 The National Silk & Rayon Mills Limited(NSRM)	272.21 ▲ 24.75 (10%)
Suhail Jute / Jul 17 Suhail Jute Mills Limited(SUHJ)	223.96 ▲ 20.36 (10%)
Baba Farid Sugar / Jul 17 Baba Farid Sugar Mills Limited(BAFS)	418.56 ▲ 38.05 (10%)
Shadman Cotton / Jul 17 Shadman Cotton Mills Limited(SHCM)	50.61 ▲ 4.6 (10%)
Asia Ins. / Jul 17 Asia Insurance Company Limited(ASIC)	34.45 ▲ 3.13 (9.99%)
Olympia Mills / Jul 17 Olympia Mills Limited(OML)	107.58 ▲ 9.65 (9.85%)
TPL Trakker Ltd / Jul 17 TPL Trakker Limited(TPLT)	27.91 ▲ 2.5 (9.84%)

Stock	Price
Tariq Corp. (R) / Jul 17 Tariq Corporation Limited(Right)(TCORPR2)	2.70 ▼ -0.89 (-24.79%)
First Punjab Modaraba / Jul 17 First Punjab Modaraba(FPJM)	11.04 ▼ -1.23 (-10.02%)
Khairpur Sug. / Jul 17 Khairpur Sugar Mills Limited(KPUS)	1,871.47 ▼ -207.94 (-10%)
Service Textile / Jul 17 Service Industries Textiles Limited(SERT)	62.27 ▼ -6.92 (-10%)
S.G.Power / Jul 17 S.G. Power Limited(SGPL)	97.59 ▼ -10.84 (-10%)
Mughal Iron & Steel(C) / Jul 17 Mughal Iron & Steel Industries Ltd (C)(MUGHALC)	63 ▼ -6.99 (-9.99%)
Fateh Sports / Jul 17 Fateh Sports Wear Limited(FSWL)	150.29 ▼ -16.65 (-9.97%)
Paramount Spinning / Jul 17 Paramount Spinning Mills Limited(PASM)	10.91 ▼ -1.1 (-9.16%)
Power Cem(Pref) / Jul 17 Power Cement (Pref)(POWERPS)	23.62 ▼ -2.36 (-9.08%)
Supernet Tech. / Jul 17 Supernet Technologies Limited(STL)	41.34 ▼ -3.72 (-8.26%)

Stock	Volume
Cnergyico PK / Jul 17 Cnergyico PK Limited(CNERGY)	86,491,992 ▲ 0.19
TPL Properties / Jul 17 TPL Properties Limited(TPLP)	62,545,194 ▼ -0.67
Pak Refinery / Jul 17 Pakistan Refinery Limited(PRL)	38,580,070 ▲ 2.94
WorldCall Telecom / Jul 17 Worldcall Telecom Limited(WTL)	23,499,606 ▼ -0.04
K-Electric Ltd. / Jul 17 K-Electric Limited(KEL)	18,396,866 ▼ -0.24
Lotte Chemical / Jul 17 Lotte Chemical Pakistan Limited(LOTCHEM)	17,830,259 ▼ -1.32
Hascol Petrol / Jul 17 Hascol Petroleum Limited(HASCOL)	14,534,208 ▼ -0.33
B.O.Punjab / Jul 17 The Bank of Punjab(BOP)	12,503,494 ▼ -0.51
TPL REIT Fund I / Jul 17 TPL REIT Fund I(TPLRF1)	11,458,248 ▼ -0.29
PIA Holding Co.Ltd / Jul 17 PIA Holding Company Limited(PIAHCLA)	10,427,355 ▲ 0.51

Senate Standing Committee on Finance

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