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tax fraud

A comment on Finance Act 2025—IV

Sales Tax Special Regime for Digitally delivered goods: Concept The supply of digitally ordered taxable goods by...

Published 06 Jul, 2025 02:42am

FBR seeks 18pc tax-to-GDP ratio by 2027-28

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial Tuesday said that to achieve a national...

Updated 02 Jul, 2025 11:20am

Rs339.5bn new tax measures take effect

ISLAMABAD: The government has enforced new taxation measures of Rs339.5 billion, taken through Finance Act 2025,...

Updated 01 Jul, 2025 09:39am

Business & Finance

LCCI rejects 37AA, describes it as ‘black law’

LAHORE: The Lahore Chamber of Commerce and Industry, trade and industrial associations, at a press conference at...

Published 28 Jun, 2025 05:28am

Tax fraud via bank account to land holder in jail

ISLAMABAD: The person, whose bank account has been used to commit tax fraud, would be considered as “abettor” and...

Updated 28 Jun, 2025 09:40am

Key amendments made to Finance Bill: Tax fraud arrests only post-inquiry

ISLAMABAD: The government has introduced major amendments to the Finance Bill (2025-26), barring Federal Board of...

Updated 27 Jun, 2025 09:20am

Online payment intermediaries: Penalties revised for tax fraud, non-filing

ISLAMABAD: The amended Finance Bill (2025-26) has revised penalty regime for committing tax fraud and non-filing of...

Updated 26 Jun, 2025 09:17am

Budget 2025-26

WHT on sale of 15-year self-owned homes to end from July 1

ISLAMABAD: The amended Finance Bill (2025-26) will abolish the withholding tax on sales of immovable properties,...

Updated 24 Jun, 2025 09:17am

Budget 2025-26

Pakistan budget for 2025-26 to consolidate economic gains, NA told

ISLAMABAD: Amid criticism from opposition lawmakers, Minister of State for Finance Bilal Azhar Kayani on Friday said...

Updated 21 Jun, 2025 02:59pm

Budget 2025-26

Arrests for tax fraud: major changes made in sales tax law thru Finance Bill

Bill currently being discussed in National Assembly, among various business circles, says FBR

Updated 21 Jun, 2025 03:00pm

Pakistan govt unveils revised tax fraud punishment procedure

ISLAMABAD: Finance Minister Muhammad Aurangzeb, Wednesday, presented revised procedure for penalty, arrest and...

Updated 18 Jun, 2025 08:06am

Budget 2025-26

Arrest for tax fraud: Senate panel for defining a threshold

ISLAMABAD: The Senate Standing Committee on Finance and Revenue on Sunday rejected a controversial proposal by the...

Updated 16 Jun, 2025 09:27am

Business & Finance

Sales Tax Act: Proposed Section 37AA irks businessmen at large

LAHORE: Proposed insertion of a new Section 37AA in the Sales Tax Act has irked businessmen at large, authorizing an...

Published 14 Jun, 2025 06:04am

Rs14bn tax fraud: FBR decides to take legal action

KARACHI: The Federal Board of Revenue (FBR) has decided to initiate legal proceedings against 463 importers, 106...

Updated 24 Mar, 2025 08:43am

PCA unearths Rs2.4bn tax fraud ‘committed’ by cement maker

KARACHI: The Post Clearance Audit (PCA) South has detected a tax fraud amounting to Rs. 2.4 billion against a...

Updated 30 Dec, 2024 09:23am

Business & Finance

PCA South uncovers Rs340m tax fraud

KARACHI: The Post Clearance Audit (PCA) South has exposed a massive financial fraud involving a phantom company that...

Updated 23 Dec, 2024 09:47am

World

VAT fraud ring broken in Europe, 520m euros seized

ROME: Investigators have broken up a mafia-linked crime ring carrying out VAT fraud in Europe, issuing around 40...

Published 15 Nov, 2024 06:36am

Tax returns filed by CFOs: FBR lifts affidavit filing condition

ISLAMABAD: The Federal Board of Revenue (FBR) has withdrawn a major condition of filing of affidavits (tax period...

Updated 18 Oct, 2024 09:25am

GST fraud allegations: Leading cos’ CFOs go into hiding

ISLAMABAD: The chief financial officers (CFOs) of companies allegedly involved in sales tax fraud have apparently...

Updated 18 Oct, 2024 02:53pm

Sales tax fraud: Five senior companies’ officials held

ISLAMABAD: The Directorate General of Intelligence & Investigation-Inland Revenue has arrested five senior...

Updated 15 Oct, 2024 09:15am

Markets

‘War on tax fraud’: Pakistan faces revenue gap of Rs3.4tr due to tax evasion & fraud, says finance ministry

Finance & Revenue Division cites FBR study pertaining to iron & steel, beverages, batteries, textile, and cement sectors

Updated 10 Oct, 2024 09:18pm

Business & Finance

Cement co found involved in massive tax fraud

KARACHI: A top cement company is involved in a huge tax fraud scheme amounting to over Rs. 11 billion through a ...

Published 28 Sep, 2024 07:16am

Business & Finance

Major sales tax fraud unearthed

KARACHI: The Directorate of Internal Audit (Southern Region) has uncovered a major sales tax fraud involving Rs 11.3...

Published 16 Aug, 2024 06:56am

‘Tax fraud’ definition expanded under revised Sales Tax Act 1990

ISLAMABAD: The “tax fraud” would cover any person, who would make taxable supplies without getting sales tax...

Updated 26 Jul, 2024 09:40am

Special Judge C&ET Karachi to take up tax fraud case on 27th

ISLAMABAD: Special Judge Customs & Excise Taxation Karachi will take up the matter of alleged tax fraud on fake/...

Updated 08 Jul, 2024 09:22am

Business & Finance

Tax fraud unearthed in a Karachi textile unit

KARACHI: The Directorate of Post Clearance Audit (PCA) South has “exposed” a large-scale tax fraud worth ...

Published 06 Jul, 2024 06:48am

Business & Finance

FBR to set up ‘tax fraud probe wing’

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to establish a Tax Fraud Investigation Wing-Inland Revenue...

Published 29 Jun, 2024 06:40am

Business & Finance

Scope of ‘tax fraud’ phrase widened

ISLAMABAD: The issuance of sales tax invoice without actual supply of goods in the market would now be considered a...

Published 24 Jun, 2024 07:00am

Business & Finance

EFS: another tax ‘fraud’ detected

KARACHI: Another tax fraud, amounting to around Rs 358 million has been detected in the Export Facilitation Scheme...

Published 23 Feb, 2024 06:36am

Business & Finance

Around Rs358m another tax fraud detected in EFS

KARACHI: Another tax fraud, amounting to around Rs 358 million has been detected in the Export Facilitation Scheme...

Published 23 Feb, 2024 06:36am

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
PICIC Ins.Ltd. / Jul 15 PICIC Insurance Limited(PIL)	5.41 ▲ 1 (22.68%)
Trust Mod. / Jul 15 Trust Modaraba(TRSM)	7.72 ▲ 1 (14.88%)
Cres.Star Ins. / Jul 15 Crescent Star Insurance Limited(CSIL)	4.81 ▲ 0.47 (10.83%)
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%)
Ask.Gen.Insur. / Jul 15 Askari General Insurance Company Limited(AGIC)	47.47 ▲ 4.32 (10.01%)
EMCO Industries / Jul 15 Emco Industries Limited(EMCO)	49.12 ▲ 4.47 (10.01%)
Nets Internat.Comm. / Jul 15 Nets International Communication Limited(GEMNETS)	37.68 ▲ 3.43 (10.01%)
Punjab Oil / Jul 15 Punjab Oil Mills Limited(POML)	258.29 ▲ 23.48 (10%)
Atlas Ins. Ltd / Jul 15 Atlas Insurance Limited(ATIL)	85.46 ▲ 7.77 (10%)

Stock	Price
Shahtaj Textile / Jul 15 Shahtaj Textile Limited(STJT)	76.57 ▼ -8.42 (-9.91%)
Karam Ceramics / Jul 15 Karam Ceramics Limited(KCL)	193 ▼ -19.23 (-9.06%)
AN Textile Mills / Jul 15 AN Textile Mills Limited(ANTM)	23.51 ▼ -2.29 (-8.88%)
First Imrooz Mod. / Jul 15 First Imrooz Modaraba(FIMM)	182.25 ▼ -17.41 (-8.72%)
Stylers International / Jul 15 Stylers International Limited(STYLERS)	42.50 ▼ -3.92 (-8.44%)
Hussain Industries / Jul 15 Husein Industries Limited(HUSI)	30 ▼ -2.66 (-8.14%)
Suhail Jute / Jul 15 Suhail Jute Mills Limited(SUHJ)	119.74 ▼ -10.19 (-7.84%)
National Silk / Jul 15 The National Silk & Rayon Mills Limited(NSRM)	141.55 ▼ -11.76 (-7.67%)
Fazal Cloth / Jul 15 Fazal Cloth Mills Limited(FZCM)	393.10 ▼ -32.54 (-7.64%)
Quetta Textile / Jul 15 Quetta Textile Mills Limited(QUET)	14.82 ▼ -1.19 (-7.43%)

Stock	Volume
Trust Mod. / Jul 15 Trust Modaraba(TRSM)	44,527,538 ▲ 1
K-Electric Ltd. / Jul 15 K-Electric Limited(KEL)	38,961,421 ▲ 0.11
B.O.Punjab / Jul 15 The Bank of Punjab(BOP)	23,297,563 ▲ 0.16
Cres.Star Ins. / Jul 15 Crescent Star Insurance Limited(CSIL)	19,432,682 ▲ 0.47
Siddiqsons Tin / Jul 15 Siddiqsons Tin Plate Limited(STPL)	13,979,593 ▼ -0.1
WorldCall Telecom / Jul 15 Worldcall Telecom Limited(WTL)	11,786,087 ▲ 0.01
Ist.Capital Sec / Jul 15 First Capital Securities Corporation(FCSC)	11,171,633 ▲ 0.19
Kohinoor Spining / Jul 15 Kohinoor Spinning Mills Limited(KOSM)	8,623,684 ▲ 0.03
Askari Bank / Jul 15 Askari Bank Limited(AKBL)	7,925,730 ▲ 0.65
Javedan Corp. / Jul 15 Javedan Corporation Limited(JVDC)	7,418,442 ▲ 6.56

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