Trends - Tax - Business Recorder

Tax

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

Opinion

The need for tax system reforms

Prime Minister Shehbaz Sharif has a strong connection with the business community, especially with the Lahore...

Published 25 Aug, 2024 03:05am

S&P downgrades Kenya credit rating citing tax hike U-turn

NAIROBI: The US ratings agency S&P has downgraded Kenya’s credit rating, citing President William Ruto’s...

Updated 25 Aug, 2024 09:56am

Opinion

The narrative must change

The Federal Board of Revenue’s (FBR’s) narrative, irrespective of the many chairmen it has been subjected to -...

Published 19 Aug, 2024 03:20am

Editorials

Tax evasion by provincial governments

EDITORIAL: It seems that the government machinery in Pakistan is operating in some alternate reality, where the...

Published 19 Aug, 2024 03:20am

Business & Finance

Italy doubles ‘flat tax’ for the rich who move fiscal residence to country

ROME: The Italian government approved a decree on Wednesday doubling to 200,000 euros ($218,220.00) per year a flat...

Published 08 Aug, 2024 06:22am

World

UK to reveal £20bn hole in public finances: reports

LONDON: Britain’s new Labour government will announce next week that the country’s public finances have an...

Published 28 Jul, 2024 06:49am

Editorials

Tax-to-GDP story

EDITORIAL: Once again the tax-to-GDP ratio for the last fiscal clocked in at nine percent and, typically, once again...

Updated 13 Jul, 2024 07:33am

World

Tax the super-rich, ex-leaders tell G20

BRASILIA: Former presidents and prime ministers have sent an open letter to current leaders of the world’s 20...

Published 12 Jul, 2024 05:48am

Business & Finance

Ex-parte orders passed by IR officers: FBR chief moved against arbitrary tax demands

ISLAMABAD: Tax advisers have approached the Federal Board of Revenue (FBR) chairman against the arbitrary tax ...

Published 12 Jul, 2024 05:48am

Turnover tax on petroleum dealers reversed

KARACHI: The Reforms Group of the Pakistan Petroleum Dealers Association (PPDA) has successfully convinced the...

Updated 07 Jul, 2024 11:11pm

Markets

PPDA calls off strike

KARACHI: The Pakistan Petroleum Dealers Association (PPDA) on Friday called off its strike and announced to open all...

Published 06 Jul, 2024 05:18am

World

Kenya president spoke to IMF chief after pulling tax hikes

NAIROBI: Kenyan President William Ruto spoke by phone with International Monetary Fund chief Kristalina Georgieva in...

Published 05 Jul, 2024 03:17am

Pakistan

Non-filers: FBR blocks 210,000 SIM cards to ‘encourage’ tax payment

KARACHI: Pakistan’s tax authority, the Federal Board of Revenue (FBR), said Thursday it has blocked 210,000 SIM...

Updated 04 Jul, 2024 08:50pm

Business & Finance

Tax exemption to pensioners costs kitty Rs78bn

ISLAMABAD: The income tax exemption to pensioners has caused an annual revenue loss of Rs 78 billion to the national...

Published 04 Jul, 2024 05:47am

Tax rebate restored

ISLAMABAD: The amended Finance Bill 2024 has restored 25 percent tax rebate available to the full-time teachers or...

Updated 30 Jun, 2024 11:32am

FBR imposes tax on exporters of goods

ISLAMABAD: The exporters of goods whether direct or indirect exporters shall be subject to advance tax at one ...

Updated 30 Jun, 2024 09:05am

Business & Finance

Tax expert proposes Karachi as country’s capital

KARACHI: Expressing his resentment over the lack of civic facilities in Karachi, former chairman of the Federal ...

Published 30 Jun, 2024 02:58am

Business & Finance

‘Tax net will be broadened with FCCI’s cooperation’

FAISALABAD: Tax net would be broadened with the active cooperation of FCCI so that much needed revenue could be...

Published 28 Jun, 2024 05:41am

Business & Finance

Failure to tax world’s richest means global tax needed

PARIS: The failure of rich countries to tax the world’s billionaires has made it necessary to introduce a global...

Updated 27 Jun, 2024 08:50am

World

Kenya president backs down on tax rises after deadly protests

NAIROBI: Kenya’s president said on Wednesday he would withdraw planned tax rises, bowing to pressure from protesters...

Updated 26 Jun, 2024 07:15pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 25	277.66
USD PKR Interbank Buying / Oct 25	277.46
USD to Japanese Yen / Oct 25	152.31
USD to Swiss Franc / Oct 25	0.87
Pound Sterling to USD / Oct 25	1.30
Euro to USD / Oct 25	1.08

Stock	Volume
S&P 500 / Oct 25	5,808.12
India Sensex / Oct 25	79,402.29
Tokyo Nikkei / Oct 25	37,913.92
Nasdaq / Oct 25	18,518.61
Hang Seng / Oct 25	20,590.15
FTSE 100 / Oct 25	8,248.84
Dow Jones / Oct 25	42,114.40
Germany DAX 30 / Oct 25	19,463.59

Item	Value
Crude Oil USD/Barrel / Oct 25	71.78
Gold 10 Grams PKR / Oct 25	245,031.60
Gold Spot USD/Ounce / Oct 25	2,747.56
Cotton US¢/pound / Oct 25	70.66
Karachi Cotton PKR/37.32 KG / Oct 26	17,885
Petrol/Litre / Oct 27	247.03

Gainers
Losers
Leaders

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

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

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

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