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Tax Laws

‘Tax Law Ordinance can negatively impact businessmen’

KARACHI: Chairman of the Businessmen Panel (BMP) and former FPCCI president Mian Anjum Nisar stated that the ...

Published 15 May, 2025 05:42am

Business & Finance

Tax laws termed ‘death warrants for industries’

KARACHI: Industrialists categorically rejected the recently introduced Tax Laws (Amendment) Ordinance, 2025,...

Published 14 May, 2025 05:56am

Business & Finance

BMP says new Tax Ordinance could stifle investment growth

LAHORE: The Businessmen Panel (BMP) of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has...

Published 12 May, 2025 05:51am

Tax law: NA body says govt has bypassed Parliament

ISLAMABAD: The National Assembly Standing Committee on Finance on Friday categorically conveyed to the Federal Board...

Updated 10 May, 2025 08:54am

Business & Finance

Experts say Tax Ordinance will harm investment climate

LAHORE: A diverse group of businessmen, legal experts, tax specialists and journalists believed that the recently...

Published 09 May, 2025 06:57am

Business & Finance

PSMA concerned at new Tax Ordinance

KARACHI: Vice Chairman of Pakistan Soap Manufacturers Association (PSMA), Tariq Zakaria held an important extra...

Published 09 May, 2025 06:44am

Opinion

Tax Laws (Amendment) Ordinance, 2025: Ill-advised, confiscatory & undemocratic

The President of Pakistan issued Tax Laws (Amendment) Ordinance, 2025, published in The Gazette of Pakistan on May ...

Updated 09 May, 2025 07:59am

Business & Finance

EPBD asks govt to withdraw Tax Laws Ordinance

ISLAMABAD: Economic Policy and Business Development (EPBD) - a Think Tank has asked the government to immediately...

Published 07 May, 2025 07:02am

Business & Finance

NKATI President rejects promulgated tax laws

KARACHI: Faisal Moiz Khan, President of the North Karachi Association of Trade and Industry (NKATI) has strongly...

Published 07 May, 2025 06:06am

Business & Finance

ICCI rejects Tax Laws (Amendment) Ordinance 2025

ISLAMABAD: The business community of the federal capital has rejected Tax Laws (Amendment) Ordinance 2025 with the...

Published 07 May, 2025 06:06am

FBR begins action against companies

ISLAMABAD: Following the promulgation of ‘Tax Laws (Amendment) Ordinance, 2025’, the Federal Board of Revenue (FBR)...

Updated 04 May, 2025 09:17am

Law promulgated for sudden tax recovery

Powers of the FBR officials have been considerably enhanced for recovery through attachment and sale of any movable or immovable properties of taxpayers

Updated 04 May, 2025 09:15am

NA body adopts report on Tax Laws (Amendment) Bill: Restrictions on transactions of non-filers from July 1

ISLAMABAD: The National Assembly Standing Committee on Finance and Revenue, Wednesday, adopted the report on Tax...

Updated 01 May, 2025 11:53am

Opinion

‘Unconstitutional’ windfall tax—II

Discriminatory without intelligible differentia [Points 7 & 8] The Supreme Court of Pakistan in Federation of...

Published 30 Mar, 2025 06:17am

Opinion

‘Unconstitutional’ windfall tax–I

Banks have regular windfall income from dealing in foreign currencies – oxymoronic treatment by SRO. 1588(I)/2023...

Published 28 Mar, 2025 06:15am

Tax laws bill: NA panel defers Sec 114C until FBR system overhaul

ISLAMABAD: The National Assembly Standing Committee on Finance and Revenue has deferred new Section 114C...

Updated 12 Feb, 2025 09:13am

Review of tax laws bill: NA panel cancels 3rd meeting due to FBR chairman’s absence

ISLAMABAD: The sub-committee of the National Assembly Standing Committee on Finance cancelled its third meeting at...

Updated 01 Feb, 2025 02:54pm

Undervaluation, misdeclaration: Over 93.7pc of property deals fall short of Rs5m: FBR

ISLAMABAD: The Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial, Monday, shared that the level of...

Updated 28 Jan, 2025 02:31pm

Business & Finance

Improved tax system: Furniture Association presents suggestions

LAHORE: The Furniture Association presented recommendations to improve the tax system and reaffirmed its commitment...

Published 22 Jan, 2025 06:06am

Amended tax laws to tighten noose on non-filers

Changes in withholding tax regime to be done in the coming budget (2025-26)

Updated 20 Jan, 2025 03:27pm

‘Ineligible persons’: FBR creates data governance office

ISLAMABAD: The Federal Board of Revenue (FBR) has created a “Data Governance Office” for registration and action...

Updated 18 Jan, 2025 03:11pm

Business & Finance

Forum sets aside FTO’s order against IR official

LAHORE: A senior official of the Inland Revenue department has got rescinded adverse remarks made by the Federal Tax...

Published 10 Jan, 2025 03:51am

FBR makes commitment of open dialogue with stakeholders

ISLAMABAD: Rashid Mahmood Chairman FBR/ Secretary Revenue Division has taken a major decision to restore trust of...

Updated 06 Jan, 2025 03:12pm

Business & Finance

‘Tax Laws (Amendment) Act’ has failed to achieve its objectives: PTBA

ISLAMABAD: The objective of the Tax Laws (Amendment) Act, 2024, for streamlining the tax appeal system under tax ...

Published 31 Dec, 2024 07:29am

Business & Finance

PBF demands govt restructure tax machinery

LAHORE: Pakistan Business Forum (PBF) has called on the federal government to restructure the Federal Board of...

Published 31 Dec, 2024 06:32am

Tax laws bill gets Senate panel’s nod

ISLAMABAD: The Senate Standing Committee on Finance and Revenue, on Thursday, unanimously, recommended the “Tax Laws...

Updated 27 Dec, 2024 03:15pm

Editorials

Tax bill aimed at tightening noose

EDITORIAL: The bill to grant tax authorities sweeping powers to enforce compliance was tabled and is expected to ...

Updated 27 Dec, 2024 07:32am

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

Senate panel to consider tax laws bill today

ISLAMABAD: The Senate Standing Committee on Finance and Revenue is scheduled to meet on Tuesday (today) to consider...

Updated 24 Dec, 2024 03:28pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 16	281.70
USD PKR Interbank Buying / May 16	281.50
USD to Japanese Yen / May 16	145.21
USD to Swiss Franc / May 16	0.83
Pound Sterling to USD / May 16	1.33
Euro to USD / May 16	1.12
UK LIBOR % / May 14	4.96

Stock	Volume
S&P 500 / May 15	5,916.93
Nasdaq / May 15	19,112.32
Dow Jones / May 15	42,322.75
India Sensex / May 16	82,241.91
Tokyo Nikkei / May 16	37,762.61
Hang Seng / May 16	23,345.94
FTSE 100 / May 16	8,686.51
Germany DAX 30 / May 16	23,854.97
France CAC40 / May 16	7,901.67

Item	Value
Karachi Cotton PKR/37.32 KG / May 15	16,985
Gold 10 Grams PKR / May 15	287,379
Crude Oil USD/Barrel / May 16	61.55
Gold Spot USD/Ounce / May 16	3,224.61
Cotton US¢/pound / May 16	65.53
Petrol/Litre / May 17	252.63
Diesel/Litre / May 17	254.64

Gainers
Losers
Leaders

Stock	Price
Equity Modaraba / May 16 First Equity Modaraba(FEM)	3.45 ▲ 0.6 (21.05%)
Pak. P.V.C. / May 16 Pakistan PVC Limited(PPVC)	8.40 ▲ 1 (13.51%)
First Capital Equities / May 16 First Capital Equities Limited(FCEL)	4.50 ▲ 0.52 (13.07%)
Dewan Mushtaq / May 16 Dewan Mushtaq Textile Mills Limited(DMTM)	10.83 ▲ 1 (10.17%)
AN Textile Mills / May 16 AN Textile Mills Limited(ANTM)	13.06 ▲ 1.19 (10.03%)
Sitara Peroxide / May 16 Sitara Peroxide Limited(SPL)	13.73 ▲ 1.25 (10.02%)
Fast Cables / May 16 Fast Cables Limited(FCL)	24.16 ▲ 2.2 (10.02%)
Pak Synthetics / May 16 Pakistan Synthetics Limited(PSYL)	62.34 ▲ 5.67 (10.01%)
Bawany Air Products / May 16 Bawany Air Products Limited(BAPL)	44.17 ▲ 4.02 (10.01%)
Kohinoor Mills / May 16 Kohinoor Mills Limited(KML)	32.09 ▲ 2.92 (10.01%)

Stock	Price
Parmount Sp. / May 16 Paramount Spinning Mills Limited(PASM)	3.16 ▼ -0.54 (-14.59%)
Tariq Corp.Pref. / May 16 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7.14 ▼ -0.97 (-11.96%)
TPL Life Insur. / May 16 TPL Life Insurance Limited(TPLL)	47.57 ▼ -5.27 (-9.97%)
Apna Microfin. / May 16 Apna Microfinance Bank Limited(AMBL)	9.05 ▼ -0.99 (-9.86%)
Crescent Cotton / May 16 Crescent Cotton Mills Limited(CCM)	48.20 ▼ -5.26 (-9.84%)
Ellcot Spinning / May 16 Ellcot Spinning Mills Limited(ELSM)	101.65 ▼ -10.54 (-9.39%)
East West Ins. / May 16 East West Insurance Company Limited(EWIC)	52 ▼ -5.29 (-9.23%)
Shams Textile / May 16 Shams Textile Mills Limited(STML)	24.30 ▼ -2.43 (-9.09%)
B. F. Mod. / May 16 B.F. Modaraba(BFMOD)	7.95 ▼ -0.78 (-8.93%)
Olympia Mills / May 16 Olympia Mills Limited(OML)	46.20 ▼ -4.27 (-8.46%)

Stock	Volume
At-Tahur Ltd. / May 16 At-Tahur Limited(PREMA)	44,317,984 ▲ 0.21
Cnergyico PK / May 16 Cnergyico PK Limited(CNERGY)	32,148,988 ▼ -0.18
Lotte Chemical / May 16 Lotte Chemical Pakistan Limited(LOTCHEM)	28,049,504 ▲ 1.31
Pak Refinery / May 16 Pakistan Refinery Limited(PRL)	24,229,848 ▼ -0.52
K-Electric Ltd. / May 16 K-Electric Limited(KEL)	18,507,342 ▼ -0.04
Pak Elektron / May 16 Pak Elektron Limited(PAEL)	18,144,829 ▼ -1.47
WorldCall Telecom / May 16 Worldcall Telecom Limited(WTL)	16,543,964 ▼ -0.02
Fauji Foods Ltd / May 16 Fauji Foods Limited(FFL)	15,849,609 ▲ 0.05
P.T.C.L. / May 16 Pakistan Telecommunication Company Ltd(PTC)	15,650,899 ▲ 0.64
Sui South Gas / May 16 Sui Southern Gas Company Limited(SSGC)	14,606,631 ▼ -1.2

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