Trends - Tax - Business Recorder

Tax

Fixing farm economics — without breaking it first

Over the past year, the Punjab government has made two decisive moves in the wheat market: first, by withdrawing...

Published 17 Apr, 2025 08:05am

Business & Finance

India slaps Samsung with tax demand of $601m for telecom imports

NEW DELHI: India has ordered Samsung and its executives in the country to pay $601 million in back taxes and...

Published 26 Mar, 2025 05:25am

Word ‘tax’ in ITO, Article 260: SC judge seeks accurate definition

ISLAMABAD: Justice Aminuddin Khan questioned whether the definition of “tax” in clause 63 of Section 2 of Income Tax...

Updated 14 Mar, 2025 08:41am

Pakistan

FAPUASA assails govt for failing to restore 25pc tax rebate for teachers

LAHORE: The Federation of All Pakistan Universities Academic Staff Associations (FAPUASA Pakistan) on Sunday...

Published 24 Feb, 2025 06:23am

Business & Finance

Taxpayer allowed ‘evaded’ tax for mentioning ‘wrong’ provision of law in notice

LAHORE: A higher appellate forum has allowed taxpayer to keep evaded tax for mentioning wrong provision of law in...

Published 18 Feb, 2025 03:01am

Business & Finance

FAPUASA urges FBR to halt revoking 25pc tax rebate for teachers

LAHORE: The Federation of All Pakistan Universities Academic Staff Associations (FAPUASA) has urgently called on the...

Published 17 Feb, 2025 03:09am

World

UN begins talks toward ‘fair’ tax accord

UNITED NATIONS: UN member states launched formal negotiations Monday on an international tax accord, aiming to ...

Published 04 Feb, 2025 06:29am

Business & Finance

Volkswagen sues India to quash ‘enormous’ $1.4bn tax demand

NEW DELHI: Volkswagen has sued Indian authorities to quash an “impossibly enormous” tax demand of $1.4 billion,...

Published 03 Feb, 2025 06:41am

Business & Finance

Health activists urge govt to tax ultra-processed products

ISLAMABAD: Health activists while urging the government to prioritise public health by taxing ultra-processed...

Published 22 Jan, 2025 06:06am

Business & Finance

PRA set to expand tax net

LAHORE: The Punjab Revenue Authority (PRA), with the assistance of the Punjab government, has announced a...

Published 15 Jan, 2025 02:59am

FY26 budget: Tax, non-tax revenue: 4 base categories identified

ISLAMABAD: The budget circular for fiscal year 2025-26 calls for a new set of information to identify and tag green/...

Updated 10 Jan, 2025 03:16pm

Business & Finance

Tax experts question new eligibility criteria for property transactions

LAHORE: The tax experts have questioned the new eligibility criteria introduced by the government for individuals ...

Published 05 Jan, 2025 02:45am

Various items from 7 countries: FBR announces tax concessions on imports

ISLAMABAD: The Federal Board of Revenue (FBR) has announced tariff concessions, from January 2025, on the import of...

Updated 01 Jan, 2025 03:02pm

Business & Finance

Tax violations: Crackdown against marriage halls launched

KARACHI: Regional Tax Office-I (RTO-I) has launched crackdown against marriage halls in Karachi for alleged tax...

Published 28 Dec, 2024 05:59am

Editorials

The case for dedicated tax benches

EDITORIAL: The Chief Justice of Pakistan’s proposal to establish dedicated benches for tax-related cases is a...

Updated 03 Dec, 2024 06:43am

Business & Finance

FBR collects Rs837bn tax in Nov

ISLAMABAD: The Federal Board of Revenue (FBR) has collected Rs 837 billion during November 2024 against the target ...

Published 30 Nov, 2024 06:26am

BR Research

It always begins with December

Window dressing of balance sheet items around the reporting period is probably one of the few universal practices in...

Published 29 Nov, 2024 08:54am

Property values in Karachi: New SRO retains rebate provision, FBR asked

ISLAMABAD: Legal experts and tax advisers have sought an urgent clarification from the Federal Board of Revenue...

Updated 10 Nov, 2024 09:45am

BR Research

MPC meeting: a bonanza is coming

A record month-on-month rise of over a trillion rupees in gross banking advances; nearing nine percent over Sep-24,...

Published 04 Nov, 2024 09:20am

FBR chalks out steps to reduce anticipated Q2 collection shortfall

ISLAMABAD: The Federal Board of Revenue (FBR) has chalked out short-term and long-term measures to reduce...

Updated 04 Nov, 2024 03:09pm

Business & Finance

Tax collection: PRA declares WH agents as collecting agents

LAHORE: The Punjab Revenue Authority (PRA) has issued a notification under the Punjab Sales Tax on Services Act,...

Published 20 Oct, 2024 05:51am

Editorials

Establishing fiscal discipline

EDITORIAL: In a landmark move, the federal and four provincial governments have agreed on a National Fiscal Pact...

Published 11 Oct, 2024 06:30am

Business & Finance

LCCI urges FBR to release tax refunds

LAHORE: The Lahore Chamber of Commerce & Industry on Saturday has urged the Federal Board of Revenue (FBR) to...

Published 06 Oct, 2024 02:44am

Opinion

Middle class— tax trapped

The middle class is commonly seen as the fundamental support system of society, exerting a pivotal influence on...

Updated 23 Sep, 2024 07:43am

BR Research

Autos: Win some, lose some

After monthly sales crossed 13,000 in Jun-24—highest sales in 17 months—automobile sales over the last two months...

Published 12 Sep, 2024 07:23am

Editorials

AGP report

EDITORIAL: Auditor General of Pakistan (AGP) pointed out that the Federal Board of Revenue (FBR) has wrongly...

Published 12 Sep, 2024 03:48am

Business & Finance

Tax collection from wholesale, retail sector big challenge: Mir

LAHORE: Chief Coordinator Tajir Dost Scheme Naeem Mir has stated that collecting tax from whole sale and retail...

Published 05 Sep, 2024 06:19am

BR Research

Inflation: Single-digit, finally

National headline inflation for August threw no surprise clocking in at 9.64 percent year-on-year – lowest since...

Published 03 Sep, 2024 07:07am

Markets

India collects $21bn in goods and services tax in August

NEW DELHI: India collected 1.75 trillion rupees ($20.87 billion) in goods and services tax (GST) in July, a rise of...

Published 01 Sep, 2024 08:14pm

Business & Finance

Manufacturers of PP woven sacks seek changes in tax law

ISLAMABAD: Pakistan Polypropylene Woven Sacks Manufacturers Association has proposed to Finance Minister Muhammad...

Published 01 Sep, 2024 02:46am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 30	281
USD PKR Interbank Buying / Apr 30	280.80
USD to Japanese Yen / Apr 30	142.60
USD to Swiss Franc / Apr 30	0.82
Pound Sterling to USD / Apr 30	1.34
Euro to USD / Apr 30	1.14
UK LIBOR % / Apr 29	4.96

Stock	Volume
S&P 500 / Apr 29	5,560.83
Nasdaq / Apr 29	17,461.32
Dow Jones / Apr 29	40,527.62
India Sensex / Apr 30	80,370.20
Tokyo Nikkei / Apr 30	36,045.38
Hang Seng / Apr 30	22,093.15
FTSE 100 / Apr 30	8,462.69
Germany DAX 30 / Apr 30	22,537.67
France CAC40 / Apr 30	7,587.60

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 29	16,985
Gold 10 Grams PKR / Apr 29	299,382
Crude Oil USD/Barrel / Apr 30	59.69
Gold Spot USD/Ounce / Apr 30	3,304.44
Cotton US¢/pound / Apr 30	66.29
Petrol/Litre / May 1	254.63
Diesel/Litre / May 1	258.64

Gainers
Losers
Leaders

Stock	Price
J.A.Textile / Apr 30 J.A. Textile Mills Limited(JATM)	20.90 ▲ 1.9 (10%)
Punjab Oil / Apr 30 Punjab Oil Mills Limited(POML)	178.67 ▲ 16.24 (10%)
PIA Holding Co.B / Apr 30 PIA Holding Company Limited B(PIAHCLB)	4,366.33 ▲ 396.94 (10%)
First Elite Cap.Mod / Apr 30 First Elite Capital Modaraba(FECM)	12.68 ▲ 1.15 (9.97%)
Jubilee Spinning / Apr 30 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	12.70 ▲ 1.15 (9.96%)
Shakarganj / Apr 30 Shakarganj Limited(SML)	52.29 ▲ 4.35 (9.07%)
Burshane LPG / Apr 30 Burshane LPG (Pakistan) Limited(BPL)	29.03 ▲ 2.03 (7.52%)
Engro Poly(Pref / Apr 30 Engro Poly(Pref)(EPCLPS)	11.99 ▲ 0.81 (7.25%)
Sakrand Sugar / Apr 30 Sakrand Sugar Mills Limited(SKRS)	12.23 ▲ 0.81 (7.09%)
Intermarket Securities / Apr 30 Intermarket Securities Limited(IMS)	45.97 ▲ 2.98 (6.93%)

Stock	Price
United Brands / Apr 30 United Brands Limited(UBDL)	20.93 ▼ -2.33 (-10.02%)
AGP Limited / Apr 30 AGP Limited(AGP)	186.05 ▼ -20.67 (-10%)
Sunrays Textile / Apr 30 Sunrays Textile Mills Limited(SUTM)	170.30 ▼ -18.92 (-10%)
Chakwal Spinning / Apr 30 Chakwal Spinning Mills Limited(CWSM)	47.64 ▼ -5.29 (-9.99%)
Kohinoor Energy / Apr 30 Kohinoor Energy Limited(KOHE)	17.76 ▼ -1.97 (-9.98%)
Adamjee Life Assur. / Apr 30 Adamjee Life Assurance Company Limited(ALIFE)	25.23 ▼ -2.79 (-9.96%)
Bela Auto / Apr 30 Bela Automotives Limited(BELA)	127 ▼ -14 (-9.93%)
National Silk / Apr 30 The National Silk & Rayon Mills Limited(NSRM)	42.46 ▼ -4.67 (-9.91%)
Nishat Mills Ltd / Apr 30 Nishat Mills Limited(NML)	101.35 ▼ -11.12 (-9.89%)
Amtex Ltd / Apr 30 Amtex Limited(AMTEX)	2.30 ▼ -0.25 (-9.8%)

Stock	Volume
Cnergyico PK / Apr 30 Cnergyico PK Limited(CNERGY)	46,167,601 ▼ -0.72
WorldCall Telecom / Apr 30 Worldcall Telecom Limited(WTL)	40,695,095 ▼ -0.01
B.O.Punjab / Apr 30 The Bank of Punjab(BOP)	20,001,384 ▼ -0.36
K-Electric Ltd. / Apr 30 K-Electric Limited(KEL)	17,624,493 ▼ -0.11
Maple Leaf Cement / Apr 30 Maple Leaf Cement Factory Limited(MLCF)	15,370,507 ▼ -1.87
Power Cement / Apr 30 Power Cement Limited(POWER)	14,502,204 ▼ -0.43
Sui South Gas / Apr 30 Sui Southern Gas Company Limited(SSGC)	14,104,286 ▼ -2.06
Sui North Gas / Apr 30 Sui Northern Gas Pipelines Limited(SNGP)	13,883,713 ▲ 0.45
Fauji Cement / Apr 30 Fauji Cement Company Limited(FCCL)	13,723,423 ▼ -0.92
At-Tahur Ltd. / Apr 30 At-Tahur Limited(PREMA)	13,002,379 ▼ -6.85

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