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Super Tax

Pharma industry unilaterally decides to increase prices

ISLAMABAD: The local pharmaceutical industry on Monday expressed serious concerns over the imposition of ‘Super...

Published 07 Feb, 2023 06:07am

High-income earners directed to pay 50pc of super tax liability

ISLAMABAD: The Supreme Court Monday directed high-income earners to pay 50 percent of the due liability with regard...

Updated 07 Feb, 2023 08:39am

Budgetary targets: Govt to take fiscal measures set by IMF: Dar

ISLAMABAD: Finance Minister Ishaq Dar said Monday that a discussion with the International Monetary Fund (IMF) in...

Updated 12 Jan, 2023 09:50pm

CVT on foreign assets, tax on ‘deemed income basis’: FBR decides to publish richest defaulters’ names

ISLAMABAD: The government is weighing in on ‘naming and shaming’ the richest of the country who default on Capital...

Updated 27 Dec, 2022 09:45am

Super tax to be applicable in TY23 and onwards: SHC

ISLAMABAD: The Sindh High Court (SHC) has held that super tax on high-earning persons will not be applicable for the...

Updated 23 Dec, 2022 08:59am

Tax reforms recommendations to FBR: Supertax has successful large businesses: PBC

ISLAMABAD: The Pakistan Business Council (PBC) has observed that the supertax has penalised successful large...

Updated 27 Nov, 2022 09:41am

Rs7.47trn target: 21.5pc growth in FY23 revenue collection required

ISLAMABAD: The Federal Board of Revenue (FBR) requires growth of 21.5 percent in revenue collection to meet the...

Updated 07 Oct, 2022 09:55am

Opinion

Growth in FBR revenue

The revenue collection target set for FBR in 2022-23 is Rs 7,470 billion, equivalent to 8.9% of the projected GDP,...

Published 04 Oct, 2022 05:55am

Business & Finance

KSE-100 cos’ FY22 PAT grows 22pc to Rs1.0trn YoY

KARACHI: The KSE-100 companies’ profit after-tax (PAT) grew by 22 percent on year-on-year basis to Rs 1.0 trillion...

Published 25 Sep, 2022 06:01am

Markets

Miftah directs immediate meeting to consider SOEs declaring 'healthy dividends'

PSX hosts meeting with finance minister, who sets up three committees to coordinate on issues including interest rates, taxation, review of listings of DFIs among others

Updated 10 Aug, 2022 09:41am

Pakistan

Speculators driving dollar value upwards: Shaukat Tarin

Former finance minister says currency, based on REER, should not be over Rs185 per dollar
Criticises govt for not securing fuel shipments and resorting to load-shedding

Updated 07 Jul, 2022 08:30pm

Business & Finance

Miftah Ismail reiterates ‘IMF program on track’, dismisses reports of delay

Says he has been reading with some amusement all the tweets and stories about IMF programme being postponed or delayed

Updated 04 Jul, 2022 08:42pm

Opinion

Finance Act, 2022: Comments

General: This note contains the comments on the Finance Act, 2022 as passed by the National Assembly. These are...

Updated 02 Jul, 2022 12:33pm

Pakistan

Pakistan hopeful of nearly $2bn inflow after IMF clubs 7th and 8th reviews

At event in Islamabad, PM Shehbaz says assistance from China and IMF will help Pakistan bring investment, and increase export earnings

Updated 28 Jun, 2022 06:17pm

Opinion

PARTLY FACETIOUS: Redefining democracy

“I would like to redefine democracy.” “Are you crazy! Democracy is universally defined as for the people, of...

Published 28 Jun, 2022 06:10am

Markets

Higher prices turned agriculture into a business of losses: FAP

LAHORE: Higher electricity rates and its unavailability, increased rates of petroleum products and shortage of water...

Published 26 Jun, 2022 05:44am

Business & Finance

Businessmen strongly react to supertax on large-scale industries

FPCCI former president says the unwise decision will push Pakistan further into an economic crisis

Updated 26 Jun, 2022 09:08am

Business & Finance

Super tax: PBC says Pakistan taxing 'productivity and growth'

Advocacy platform questions who will benefit from the govt's latest taxation measures

Updated 25 Jun, 2022 06:36pm

Business & Finance

FPCCI denounces imposition of supertax

KARACHI: Shabbir Mansha, Acting President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has...

Updated 25 Jun, 2022 09:41am

Pakistan

'Corporate layoffs a possibility now': Experts react to govt's imposition of 'super tax'

In a major development, the government on Friday imposed an extra one-time 10% tax called the super-tax on the...

Updated 24 Jun, 2022 07:45pm

Pakistan

'Market does not believe you': PTI slams coalition govt over super tax

Economy is nosediving and such a measure will reverse industrialisation momentum PTI generated, says party

Updated 24 Jun, 2022 05:58pm

Markets

Rupee resumes fall, depreciates marginally against dollar

Currency loses 0.12% as market factors in declining SBP reserves

Updated 24 Jun, 2022 07:43pm

Pakistan

Watch: PM Shehbaz Sharif's entire address on 10% super tax on large industries

We intend to tax high income earners so that the entire nation can reap the benefit through education, health, infrastructure, skills education and IT uplift, he says
Tax will be applicable on cement, steel, sugar, oil and gas, fertiliser, LNG, textile, banks, automobile, beverages, chemicals, tobacco and airlines
Collection from this tax will be used to alleviate poverty in Pakistan

Updated 24 Jun, 2022 02:53pm

Pakistan

Super tax a one-time levy, will help narrow budget deficit: Miftah Ismail

Finance minister says tax applicable for FY23, announces reduction in sales tax on large shops

Updated 24 Jun, 2022 05:58pm

Pakistan

PM Shehbaz slaps 10% 'super tax' on large-scale industries

One-time levy to be imposed on cement, steel, sugar, oil and gas, fertiliser, LNG , textile, banking, and automobile sectors among others for FY23

Updated 24 Jun, 2022 05:53pm

Inclusive of Super Tax: Tax on banking sector to go up to 45pc

KARACHI: The federal government has proposed to increase the tax rate for banking sector, ie, from 39 percent to 45...

Published 11 Jun, 2022 06:41am

Banks: govt mulling raising super tax rate

ISLAMABAD: The Federal Board of Revenue (FBR) will propose “Super Tax” on certain sectors having annual turnover...

Updated 31 May, 2022 10:11am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 26	278.40
USD PKR Interbank Buying / Jul 26	278.20
USD to Japanese Yen / Jul 26	153.77
USD to Swiss Franc / Jul 26	0.88
Pound Sterling to USD / Jul 26	1.29
Euro to USD / Jul 26	1.09

Stock	Volume
S&P 500 / Jul 25	5,399.22
Nasdaq / Jul 25	17,181.72
Dow Jones / Jul 25	39,935.07
India Sensex / Jul 26	80,709.64
Tokyo Nikkei / Jul 26	37,865.35
Hang Seng / Jul 26	17,058.55
FTSE 100 / Jul 26	8,255.78
Germany DAX 30 / Jul 26	18,346.62

Item	Value
Crude Oil USD/Barrel / Jul 26	78.38
Karachi Cotton PKR/37.32 KG / Jul 26	17,035
Gold 10 Grams PKR / Jul 26	215,621
Gold Spot USD/Ounce / Jul 26	2,374.19
Cotton US¢/pound / Jul 26	68.62
Petrol/Litre / Jul 27	275.60

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jul 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jul 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jul 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jul 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jul 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jul 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jul 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jul 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jul 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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