Trends - Super Tax - Business Recorder

Super Tax

PTCL Group posts double-digit revenue growth

KARACHI: Pakistan Telecommunication Company Limited (PTCL), the leading telecom and ICT services providers in the...

Published 18 Oct, 2023 06:09am

Experts say super tax based on discrimination

LAHORE: The imposition of super tax is hit by the principle of past and closed transaction, as no tax can...

Updated 07 Oct, 2023 09:52am

Editorials

There’s always a smell of shenanigans in the air

EDITORIAL: The government is desperate to fill the growing fiscal gaps. The space to finance a continuously high...

Published 02 Oct, 2023 06:33am

Opinion

Super tax for tax year 2023: hiked rate cannot be applied with retrospective effect

In our Technical Release 1/2023 relating to the Finance Act, 2023, which was issued on June 9, 2023, our view was...

Updated 26 Sep, 2023 07:32am

Business & Finance

Non-resident companies: Income tax dept levying super tax in negation of double taxation treaties

LAHORE: The income tax department is allegedly levying supper tax in negation of the treaties for the avoidance of...

Updated 31 Aug, 2023 06:36am

FBR refuses to share Politically-Exposed Persons’ data

Refusal letter says section 216 prohibits disclosure of taxpayer’s information to any individual or authority except those mentioned explicitly in sub section 3 of section 21 of the Ordinance

Updated 07 Aug, 2023 11:44am

Section 4C of Income Tax Ord will only have prospective effect: IHC

ISLAMABAD: The Islamabad High Court (IHC) held that Section 4C of the Income Tax Ordinance, 2001 as read down, will...

Updated 21 Jul, 2023 09:30am

Opinion

Super tax and tax on bonus: misinterpretation of basic accounting—I

In the Finance Act 2023 many amendments have been proposed. This article is restricted to two important measures...

Published 05 Jul, 2023 06:00am

Business & Finance

Immovable properties: Tax authorities issuing ‘super tax’ notices

LAHORE: Tax authorities are issuing notices of super tax to taxpayers against immovable properties on which no...

Published 04 Jul, 2023 05:07am

Additional tax on incomes, profits, gains: Textile exporters term move ‘harsh’, ‘anti-business’

KARACHI: The value-added textile exporters on Wednesday expressed concerns over “additional tax” on income, profits...

Updated 22 Jun, 2023 08:56am

Super tax waiver, tax on real estate, agri sectors in phases proposed

ISLAMABAD: The Senate on Monday proposed 55 recommendations and changes in the Finance Bill 2023 including the...

Updated 20 Jun, 2023 08:58am

Business & Finance

FPCCI chief speaks about various budget ‘anomalies’

KARACHI: President Federation of Pakistan Chambers of Commerce and Industry (FPPCI) Irfan Iqbal Sheikh has said ...

Published 18 Jun, 2023 06:07am

Bonus share, super tax: Senate panel rejects all sections of Finance Bill

All deferred items of Customs Act were accepted after due deliberation

Updated 17 Jun, 2023 12:37pm

Business & Finance

Businessmen concerned at proposed tax on windfall gains profits

ISLAMABAD: Leading business associations, Monday, unanimously raised their voice against the budgetary measure of...

Updated 13 Jun, 2023 06:22am

Business & Finance

Comments on FY2023-24 Budget

The Finance Bill 2023 did not bring any substantial change in the tax policy as all major revenue measures are aimed...

Updated 12 Jun, 2023 06:46am

No amnesty scheme for expats: Law to be invoked against industries exploiting consumers: Dar

Responding to a question on (additional tax on certain income, profits, and gains) under new Section 99D of the Income Tax Ordinance 2001, Dar says provision would be invoked against the sectors that would put unnecessary financial burden on consumers

Updated 11 Jun, 2023 12:16pm

Business & Finance

Budget FY2023-24: OICCI seeks absolution from Super Tax

ISLAMABAD Overseas Investors Chamber of Commerce and Industry (OICCI) in its budget proposals has demanded ...

Published 05 Jun, 2023 03:27am

Wealthy persons: FBR reluctant to give info about tax payments

ISLAMABAD: The Federal Board of Revenue (FBR) is reluctant to disclose vital information regarding tax payments made...

Updated 20 Mar, 2023 09:00am

Business & Finance

Sugar sector: FBR chief asks senior LTO Lahore team to maximise revenue

ISLAMABAD: Federal Board of Revenue Chairman Asim Ahmad, Wednesday, directed the senior management of the Large...

Published 16 Mar, 2023 06:01am

Markets

KSE index companies’ PAT grows 10pc YoY

KARACHI: Inspite of economic challenges, KSE index companies’ after-tax earnings (PAT) have grown by 10 percent ...

Published 04 Mar, 2023 06:10am

Industries/sectors earning over Rs300m: SC directs payment of 4pc super tax within a week

ISLAMABAD: The Supreme Court of Pakistan (SC) has directed the industries/sectors earning income above Rs300 ...

Updated 24 Feb, 2023 08:50am

Business & Finance

SC asks govt to curb currency smuggling

ISLAMABAD: The Supreme Court directed the federal government to take measures to control the smuggling of foreign...

Published 11 Feb, 2023 06:20am

Rs650bn collection likely: 1pc hike in ST thru ordinance on the cards

ISLAMABAD: The Federal Board of Revenue (FBR) has estimated to collect Rs650 billion during Feb-June (2022-23) by...

Updated 08 Feb, 2023 09:08am

Pharma industry unilaterally decides to increase prices

Business & Finance

Gainers
Losers
Leaders

Stock	Price
Kohinoor Power / Nov 30 Kohinoor Power Company Limited(KOHP)	5.88 ▲ 1.00 (20.49%)
Paramount Mod / Nov 30 First Paramount Modaraba(FPRM)	10.26 ▲ 1.00 (10.80%)
S.G.Power / Nov 30 S.G. Power Limited(SGPL)	5.17 ▲ 0.46 (9.77%)
Bela Auto / Nov 30 Bela Automotives Limited(BELA)	7.98 ▲ 0.69 (9.47%)
Samba Bank / Nov 30 Samba Bank Limited(SBL)	8.57 ▲ 0.72 (9.17%)
Media Times Ltd / Nov 30 Media Times Limited(MDTL)	1.80 ▲ 0.14 (8.43%)
Service Textile / Nov 30 Service Industries Textiles Limited(SERT)	10.95 ▲ 0.84 (8.31%)
Arctic Textile / Nov 30 Arctic Textile Mills Limited(ARCTM)	14.84 ▲ 1.04 (7.54%)
Image Pakistan / Nov 30 Image Pakistan Limited(IMAGE)	19.05 ▲ 1.33 (7.51%)
Prosperity Weav / Nov 30 Prosperity Weaving Mills Limited(PRWM)	32.94 ▲ 2.30 (7.51%)

Stock	Price
Tri-Star Mutual / Nov 30 Tri-Star Mutual Fund Limited(TSMF)	4.40 ▼ -0.85 (-16.19%)
Dewan Textile / Nov 30 Dewan Textile Mills Limited(DWTM)	3.55 ▼ -0.60 (-14.46%)
Bawany Air Products / Nov 30 Bawany Air Products Limited(BAPL)	9.01 ▼ -0.97 (-9.72%)
Pak Gulf Leasing / Nov 30 Pak-Gulf Leasing Company Limited(PGLC)	6.80 ▼ -0.70 (-9.33%)
Premier Insurance / Nov 30 Premier Insurance Limited(PINL)	7.23 ▼ -0.67 (-8.48%)
GOC (Pak) / Nov 30 GOC (Pak) Limited.(GOC)	55.41 ▼ -4.49 (-7.50%)
J.A.Textile / Nov 30 J.A. Textile Mills Limited(JATM)	46.29 ▼ -3.75 (-7.49%)
Metro Steel / Nov 30 Metropolitan Steel Corporation Limited(MSCL)	23.10 ▼ -1.87 (-7.49%)
Universal Network (GEM) / Nov 30 Universal Network Systems Limited (GEM)(GEMUNSL)	35.66 ▼ -2.88 (-7.47%)
Feroze 1888 / Nov 30 Feroze1888 Mills Limited(FML)	86.10 ▼ -6.90 (-7.42%)

Stock	Volume
Kohinoor Spining / Nov 30 Kohinoor Spinning Mills Limited(KOSM)	79,242,500 ▲ 0.03
WorldCall Telecom / Nov 30 Worldcall Telecom Limited(WTL)	57,449,984 ▼ -0.02
B.O.Punjab / Nov 30 The Bank of Punjab(BOP)	44,327,667 ▲ 0.19
Cnergyico PK / Nov 30 Cnergyico PK Limited(CNERGY)	31,321,478 ▼ -0.05
Treet Corp. (R) / Nov 30 Treet Corporation Limited (R)(TREETR2)	27,240,170 ▲ 0.01
Pak Refinery / Nov 30 Pakistan Refinery Limited(PRL)	24,938,598 ▼ -0.13
Ghani Chem. Ind. / Nov 30 Ghani Chemical Industries Limited(GCIL)	15,398,500 ▼ -0.27
TPL Properties / Nov 30 TPL Properties Limited(TPLP)	14,283,958 ▼ -0.19
Oil & Gas Dev. / Nov 30 Oil & Gas Development Company Limited(OGDC)	12,904,027 ▼ -0.67
The Searle Co. / Nov 30 The Searle Company Limited(SEARL)	12,454,526 ▼ -1.30

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 29	285.52
USD PKR Interbank Buying / Nov 29	285.02
USD to Japanese Yen / Nov 29	147.23
USD to Swiss Franc / Nov 29	0.88
Pound Sterling to USD / Nov 29	1.27
Euro to USD / Nov 29	1.10
UK LIBOR % / Nov 28	5.46

Stock	Volume
S&P 500 / Nov 28	4554.89
Nasdaq / Nov 28	14281.76
Dow Jones / Nov 28	35416.98
India Sensex / Nov 29	66637.46
Tokyo Nikkei / Nov 29	33302.60
Hang Seng / Nov 29	16952.85
FTSE 100 / Nov 29	7431.46
Germany DAX 30 / Nov 29	16036.43
France CAC40 / Nov 29	7246.91

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 28	17735
Gold 10 Grams PKR / Nov 28	185614
Crude Oil USD/Barrel / Nov 29	76.48
Gold Spot USD/Ounce / Nov 29	2043.84
Cotton US¢/pound / Nov 29	79.36

Avari Hotels, Avari family target of alleged blackmail & vilification campaign

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