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Supertax

Super tax: IHC says section 4C ‘as it stands now’ ultra-vires constitution

The Islamabad High Court (IHC) on Thursday approved the petitions filed by various companies and organisations and...

Updated 20 Jul, 2023 09:01pm

Opinion

Super tax and tax on bonus: misinterpretation of basic accounting–II

Now, if the rationale, intention and equitability have to prevail, the following will be the answer: the tax super...

Updated 06 Jul, 2023 06:24am

Local, foreign assets: Rs9bn CVT collected so far

ISLAMABAD: The government has so far collected Rs9 billion on account of capital value tax (CVT) on local and...

Updated 20 May, 2023 12:30pm

Markets

KSE-100 companies post 22% higher profit in FY22, but index struggles

Dividend payout down 3% YoY to Rs392 billion in FY22, says Topline report

Updated 24 Sep, 2022 09:36pm

Opinion

Super tax on banking industry – is it wise?

Demanding higher returns on government treasury bills is nothing unusual. It is the right of the banks (and in fact...

Published 18 Aug, 2022 05:27am

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

Business & Finance

Super Tax: FMPAC rejects Sindh agri chamber’s claim

KARACHI: The Fertilizer Manufacturers of Pakistan Advisory Council (FMPAC) on Friday dismissed the assertion of ...

Published 16 Jul, 2022 04:20am

Business & Finance

Imposition of supertax: Prgmea conveys its reservations to Miftah

ISLAMABAD: Pakistan Readymade Garments Manufacturers and Exporters Association (Prgmea) on Thursday conveyed its...

Published 15 Jul, 2022 06:20am

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

Value-added textile associations reject supertax

KARACHI: Scores of value-added textile associations Wednesday termed the 10 percent supertax “harsh and...

Published 07 Jul, 2022 05:35am

Business & Finance

Withdrawal of 10pc supertax on 13 sectors demanded

KARACHI: Patron-in-Chief of Korangi Association of Trade and Industry (KATI) SM Muneer and President Salman Aslam...

Published 06 Jul, 2022 07:11am

Opinion

Exorbitant tax on formal sector to make the nation poorer

The annual ritual of budget presentation was completed on June 29 with the passage of the Finance Act 2022 by the...

Published 05 Jul, 2022 05:19am

Opinion

Imposition of supertax

Finance Minister Miftah Ismail has repeatedly said that the government has imposed supertax even on the factories...

Published 04 Jul, 2022 06:17am

15 sectors: 10pc supertax imposed on income exceeding Rs300m

ISLAMABAD: The amended Finance Bill 2022 has imposed a 10 percent supertax for the Tax Year 2022 on persons...

Updated 30 Jun, 2022 10:44am

Pakistan

Finance Bill 2022: amendment to increase petroleum levy adopted

National Assembly also green lights super tax, rescinds relief granted to salaried class

Updated 29 Jun, 2022 06:28pm

Opinion

Budget 2022-23 – Amended

In our previous article (BR: 13- 6-2022) we had examined Budget 2022-23 from the point of view of the IMF...

Published 29 Jun, 2022 05:44am

Editorials

‘Very tough’ IMF conditionalities

EDITORIAL: Prime Minister Shehbaz Sharif while laying the onus of an impending bankruptcy on the policies of the PTI...

Published 29 Jun, 2022 05:44am

Business & Finance

Amendments to Finance Bill to be approved today

ISLAMABAD: The National Assembly Wednesday (June 29) would approve the Finance Bill, 2022, with significant numbers...

Updated 29 Jun, 2022 10:32am

Business & Finance

‘Govt should not impose supertax on existing taxpayers’

LAHORE: “Though the country is passing through a critical time but the government will have to act wisely and...

Published 28 Jun, 2022 06:10am

Business & Finance

Supertax: HCCI criticises govt’s decision

HYDERABAD: President Hyderabad Chamber of Commerce and Industry Adeel Siddiqui has strongly reacted to federal...

Published 28 Jun, 2022 06:10am

Editorials

Rewriting the finance bill 2022

EDITORIAL: Never before has a finance bill after its presentation in parliament been revised, nay re-written, and...

Updated 27 Jun, 2022 06:30am

Business & Finance

Supertax timing nullified benefit of Chinese loan: PIAF

LAHORE: The Pakistan Industrial and Traders Associations Front (PIAF) newly-elected Chairman Faheem Ur Rehman Saigol...

Published 27 Jun, 2022 06:06am

Supertax: Miftah asks ‘why so much consternation?’

ISLAMABAD: Finance Minister Miftah Ismail has said that the government has imposed supertax on the factories owned...

Updated 27 Jun, 2022 10:09am

Business & Finance

Economy ruined for an IMF instalment of only $900m: HCSTSI

HYDERABAD: President of the Hyderabad Chamber of Small Traders and Small Industry (HCSTSI) Mohammad Altaf Memon has...

Published 26 Jun, 2022 06:40am

Supertax applicable to TY22

Companies liable to pay supertax would deposit the amount at the time of filing of income tax returns in December 2022

Updated 26 Jun, 2022 01:59pm

Business & Finance

PHMA chairman slams 10pc supertax on major industries

FAISALABAD: Mian Kashif Zia Chairman of the Pakistan Hosiery Manufacturers and Exporters Association (North Zone),...

Published 26 Jun, 2022 05:44am

Supertax likely to generate additional Rs200bn

KARACHI: The imposition of one time supertax at 10 percent on big corporates is likely to help the coalition...

Updated 25 Jun, 2022 11:24am

Markets

PSX witnesses bloodbath on supertax imposition

KARACHI: Pakistan Stock Exchange witnessed a bloodbath on Friday after the Prime Minister announced a 10 percent...

Published 25 Jun, 2022 04:42am

Business & Finance

Supertax: revenue impact estimated at Rs80bn

Tax reliefs announced for salaried class on June 10 not only reversed but tax burden on salaried class also considerably increased

Updated 25 Jun, 2022 04:18pm

Large-scale industry: Govt announces 10pc supertax to clinch IMF deal

Says this would take the country towards economic sovereignty and self-reliance

Updated 25 Jun, 2022 09:50am

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Dec 9 786 Investments Limited(786)	5.74 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Dec 9 Al-Abbas Sugar Mills Limited(AABS)	526 ▼ 0.00 (0.00%)
Agro Allianz / Dec 9 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Dec 9 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Dec 9 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Dec 9 Allied Bank Limited(ABL)	90.51 ▼ 0.00 (0.00%)
Abbott Lab. / Dec 9 Abbott Laboratories (Pakistan) Limited(ABOT)	500.43 ▼ 0.00 (0.00%)
Abson Ind. / Dec 9 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Dec 9 Alfalah Consumer Index ETF.(ACIETF)	10.99 ▼ 0.00 (0.00%)
Attock Cement / Dec 9 Attock Cement Pakistan Limited(ACPL)	105.15 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Dec 9 786 Investments Limited(786)	5.74 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Dec 9 Al-Abbas Sugar Mills Limited(AABS)	526 ▲ 0.00 (0.00%)
Agro Allianz / Dec 9 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Dec 9 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Dec 9 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Dec 9 Allied Bank Limited(ABL)	90.51 ▲ 0.00 (0.00%)
Abbott Lab. / Dec 9 Abbott Laboratories (Pakistan) Limited(ABOT)	500.43 ▲ 0.00 (0.00%)
Abson Ind. / Dec 9 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Dec 9 Alfalah Consumer Index ETF.(ACIETF)	10.99 ▲ 0.00 (0.00%)
Attock Cement / Dec 9 Attock Cement Pakistan Limited(ACPL)	105.15 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Dec 9 K-Electric Limited(KEL)	342,535,258 ▲ 0.00
WorldCall Telecom / Dec 9 Worldcall Telecom Limited(WTL)	98,557,282 ▲ 0.00
P.T.C.L. / Dec 9 Pakistan Telecommunication Company Ltd(PTC)	58,736,500 ▲ 0.00
Kohinoor Spining / Dec 9 Kohinoor Spinning Mills Limited(KOSM)	56,593,500 ▲ 0.00
Fauji Foods Ltd / Dec 9 Fauji Foods Limited(FFL)	47,998,197 ▲ 0.00
Cnergyico PK / Dec 9 Cnergyico PK Limited(CNERGY)	46,684,647 ▲ 0.00
B.O.Punjab / Dec 9 The Bank of Punjab(BOP)	32,876,325 ▲ 0.00
Pak Elektron / Dec 9 Pak Elektron Limited(PAEL)	29,819,540 ▲ 0.00
Hascol Petrol / Dec 9 Hascol Petroleum Limited(HASCOL)	27,935,500 ▲ 0.00
Pak Int.Bulk / Dec 9 Pakistan International Bulk Terminal(PIBTL)	25,443,500 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 8	284.30
USD PKR Interbank Buying / Dec 8	283.95
USD to Japanese Yen / Dec 8	144.95
USD to Swiss Franc / Dec 8	0.88
Pound Sterling to USD / Dec 8	1.25
Euro to USD / Dec 8	1.08
UK LIBOR % / Dec 8	5.48

Stock	Volume
S&P 500 / Dec 8	4604.37
India Sensex / Dec 8	69825.60
Tokyo Nikkei / Dec 8	32307.86
Nasdaq / Dec 8	14403.97
Hang Seng / Dec 8	16334.37
FTSE 100 / Dec 8	7554.47
Dow Jones / Dec 8	36247.87
Germany DAX 30 / Dec 8	16759.22
France CAC40 / Dec 8	7526.55

Item	Value
Crude Oil USD/Barrel / Dec 8	71.23
Karachi Cotton PKR/37.32 KG / Dec 8	17235
Gold 10 Grams PKR / Dec 8	187414
Gold Spot USD/Ounce / Dec 8	2004.67
Cotton US¢/pound / Dec 8	81.44

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