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tax authorities

ADB flags high digital taxes, unfriendly analog tax processes

ISLAMABAD: The Asian Development Bank (ADB), while terming high taxation on Pakistan’s digital infrastructure as a...

Updated 15 Jul, 2025 09:27am

Editorials

The high cost of punitive taxation

EDITORIAL: The fundamentally flawed nature of the tax regime operational in Pakistan is both well-documented and...

Published 19 Mar, 2025 05:48am

Tax authorities: Structured procedural framework drafted

ISLAMABAD: The Appellate Tribunal Inland Revenue (ATIR) Islamabad Bench-I has drafted a structured procedural...

Updated 13 Feb, 2025 09:28am

Business & Finance

Pakistan’s top 5% earners liable to pay Rs1.6trn in taxes, says FBR chief

During press conference alongside finance minister, Langrial says income tax evasion happening at massive scale

Updated 26 Dec, 2024 10:53pm

Aurangzeb throws light on people’s approach to tax obligations

ISLAMABAD: Finance Minister Muhammad Aurangzeb, Tuesday, disclosed that people are ready to pay more money (tax),...

Updated 25 Dec, 2024 09:22am

Opinion

Countering sales tax frauds

Globally, tax crimes have always been a significant threat to economic stability and governance. These offences that...

Updated 15 Nov, 2024 08:11am

Business & Finance

Reissuance of show-cause notices after 19 years illegal: FTO

LAHORE: The Federal Tax Ombudsman (FTO) has held that reissuing show-cause notices after 19 years, without...

Published 27 Sep, 2024 06:26am

Refund cannot be blocked for pendency of tax reference: IHC

ISLAMABAD: The Islamabad High Court (IHC) has rejected an order passed by the Federal Tax Ombudsman (FTO) and ruled...

Updated 09 Sep, 2024 09:31am

Business & Finance

FBR asked to bring all hidden issues before PM immediately

ISLAMABAD: Prime Minister Shehbaz Sharif has directed the Federal Board of Revenue (FBR) to immediately bring all...

Updated 15 Jul, 2024 09:23am

‘Hurdles’ to copper ingots’ export to China: Exporters move SIFC against FBR

ISLAMABAD: Exporters have approached the Special Investment Facilitation Council (SIFC) against the Federal Board of...

Updated 23 Jan, 2024 09:08am

Business & Finance

‘Tax authorities have failed to issue supplementary show-cause notice’

LAHORE: Tax authorities allegedly fail to issue supplementary show-cause notice in case taxpayers raise new factual...

Published 26 Oct, 2023 06:08am

Business & Finance

Tax authorities accused of misinterpreting global tax conventions

LAHORE: Tax authorities are accused of misinterpreting international tax conventions instead of implementing them...

Published 15 Aug, 2023 06:30am

Business & Finance

Tax authorities pass assessment orders on incorrect assumptions?

LAHORE: Departmental store owners have alleged that the income tax authorities pass the assessment orders without...

Published 29 Jun, 2023 04:19am

Business & Finance

FTO takes strong exception to delay in clearance of refunds

LAHORE: The Federal Tax Ombudsman (FTO) has taken strong exception to delay in clearance or refunds on preconceived...

Published 11 Mar, 2023 03:16am

Business & Finance

Exchange fluctuations: Foreign firms’ subsidiaries not allowed to cut income

LAHORE: Tax authorities are not allowing subsidiaries of foreign companies to deduct the loss on income from ...

Published 09 Mar, 2023 06:23am

Business & Finance

Tax authorities accused of prejudging tax evasion as bid to launder money

LAHORE: The Intelligence and Investigation (I&I) Wing of the Inland Revenue is prejudging tax evasion as an...

Published 20 Jan, 2023 06:10am

Imports: Dar rejects ‘flood levy’ proposal

ISLAMABAD: Finance Minister Ishaq Dar has rejected the proposal to impose flood levy on the import of non-essential...

Updated 31 Dec, 2022 08:46am

Business & Finance

Move to bring 2m retailers into tax net: Senate body clears bill on tax laws

ISLAMABAD: The Senate Standing Committee on Finance has cleared the Tax Laws (Second Amendment) Bill, 2022 with some...

Updated 23 Dec, 2022 08:44am

Tax evasion: FBR lacks capacity to analyze big data: World Bank

ISLAMABAD: The Federal Board of Revenue (FBR) lacks the capacity to analyze big data to detect tax evasion and also...

Updated 08 Nov, 2022 09:45am

Business & Finance

Rs536.53bn target for Nov: ‘Pull your socks up,’ FBR chief tells Chief Commissioners

ISLAMABAD: The Federal Board of Revenue (FBR) Chairman Asim Ahmad Thursday directed Chief Commissioners of field...

Updated 04 Nov, 2022 09:42am

Recovery of CVT on foreign assets: SHC asks tax authorities to comply with relevant laws

ISLAMABAD: The Sindh High Court (SHC) has asked tax authorities that before proceeding for the recovery of the...

Updated 16 Sep, 2022 09:51am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 14	284.77
USD PKR Interbank Buying / Jul 14	284.52
USD to Japanese Yen / Jul 14	147.66
USD to Swiss Franc / Jul 14	0.80
Pound Sterling to USD / Jul 14	1.34
Euro to USD / Jul 14	1.17
UK LIBOR % / Jul 14	4.96

Stock	Volume
S&P 500 / Jul 14	6,268.56
India Sensex / Jul 14	82,253.46
Tokyo Nikkei / Jul 14	39,502.44
Nasdaq / Jul 14	20,640.33
Hang Seng / Jul 14	24,238.51
FTSE 100 / Jul 14	8,998.06
Dow Jones / Jul 14	44,459.65
Germany DAX 30 / Jul 14	24,160.64
France CAC40 / Jul 14	7,808.17

Item	Value
Crude Oil USD/Barrel / Jul 14	66.60
Karachi Cotton PKR/37.32 KG / Jul 14	16,585
Gold 10 Grams PKR / Jul 14	308,384
Gold Spot USD/Ounce / Jul 14	3,357.40
Cotton US¢/pound / Jul 14	67.96
Petrol/Litre / Jul 15	266.79
Diesel/Litre / Jul 15	272.98

Gainers
Losers
Leaders

Stock	Price
First Fid. Leasing / Jul 15 First Fidelity Leasing Modaraba(FFLM)	4.66 ▲ 0.85 (22.31%)
PICIC Ins.Ltd. / Jul 15 PICIC Insurance Limited(PIL)	5.10 ▲ 0.69 (15.65%)
Trust Mod. / Jul 15 Trust Modaraba(TRSM)	7.72 ▲ 1 (14.88%)
Unicap Modaraba / Jul 15 Unicap Modaraba(UCAPM)	4.23 ▲ 0.48 (12.8%)
Tri-Star Power / Jul 15 Tri-Star Power Limited(TSPL)	8.38 ▲ 0.79 (10.41%)
Safe Mix Con.Lt / Jul 15 Safe Mix Concrete Limited(SMCPL)	24.48 ▲ 2.23 (10.02%)
DH Partners / Jul 15 DH Partners Limited(DHPL)	43.31 ▲ 3.94 (10.01%)
EMCO Industries / Jul 15 Emco Industries Limited(EMCO)	49.12 ▲ 4.47 (10.01%)
Ask.Gen.Insur. / Jul 15 Askari General Insurance Company Limited(AGIC)	47.47 ▲ 4.32 (10.01%)
Nets Internat.Comm. / Jul 15 Nets International Communication Limited(GEMNETS)	37.68 ▲ 3.43 (10.01%)

Stock	Price
First Imrooz Mod. / Jul 15 First Imrooz Modaraba(FIMM)	182.25 ▼ -17.41 (-8.72%)
Burj Clean Energy Modaraba / Jul 15 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	11.01 ▼ -0.99 (-8.25%)
Karam Ceramics / Jul 15 Karam Ceramics Limited(KCL)	195 ▼ -17.23 (-8.12%)
Fazal Cloth / Jul 15 Fazal Cloth Mills Limited(FZCM)	392.80 ▼ -32.84 (-7.72%)
First Dawood Prop. / Jul 15 First Dawood Properties Limited(FDPL)	5.15 ▼ -0.4 (-7.21%)
First IBL Mod. / Jul 15 First IBL Modaraba(FIBLM)	5.80 ▼ -0.45 (-7.2%)
Maqbool Tex. / Jul 15 Maqbool Textile Mills Limited(MQTM)	40.23 ▼ -2.92 (-6.77%)
Dewan Mushtaq / Jul 15 Dewan Mushtaq Textile Mills Limited(DMTM)	10.01 ▼ -0.68 (-6.36%)
Adam Sugar / Jul 15 Adam Sugar Mills Limited(ADAMS)	60.20 ▼ -4.07 (-6.33%)
Din Tex. / Jul 15 Din Textile Mills Limited(DINT)	91 ▼ -6.07 (-6.25%)

Stock	Volume
Trust Mod. / Jul 15 Trust Modaraba(TRSM)	44,547,951 ▲ 1
K-Electric Ltd. / Jul 15 K-Electric Limited(KEL)	43,653,797 ▲ 0.04
B.O.Punjab / Jul 15 The Bank of Punjab(BOP)	40,511,523 ▲ 0.22
Cres.Star Ins. / Jul 15 Crescent Star Insurance Limited(CSIL)	21,828,509 ▲ 0.4
Siddiqsons Tin / Jul 15 Siddiqsons Tin Plate Limited(STPL)	15,362,295 ▼ -0.32
WorldCall Telecom / Jul 15 Worldcall Telecom Limited(WTL)	15,057,973 ▼ -0.02
Ist.Capital Sec / Jul 15 First Capital Securities Corporation(FCSC)	12,492,959 ▲ 0.16
Kohinoor Spining / Jul 15 Kohinoor Spinning Mills Limited(KOSM)	10,777,824 ▲ 0.04
First Prudential Mod. / Jul 15 First Prudential Modaraba(PMI)	9,673,527 ▲ 0.31
Askari Bank / Jul 15 Askari Bank Limited(AKBL)	9,200,420 ▼ -0.25

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