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Tax Laws

Improving tax compliance

The caretaker government has set up a tax reforms taskforce to come up with recommendations to close the ‘tax...

Published 03 Oct, 2023 06:02am

Documentation requirements: Paperless environment not possible: FBR

ISLAMABAD: The Federal Board of Revenue (FBR) has said that a completely paperless environment for taxpayers is not...

Updated 13 Sep, 2023 08:55am

Pakistan

Sect 223 of Customs Act confers broad, general power on FBR: SC

ISLAMABAD: The Supreme Court noted that Section 223 of the Customs Act, 1969, confers a broad and general power, of...

Published 07 Sep, 2023 06:21am

Business & Finance

Toll manufacturing: FBR suggests new definition

ISLAMABAD: The Federal Board of Revenue (FBR) has proposed a new definition of the toll manufacturing in the Income...

Published 22 Aug, 2023 06:03am

Income tax law: FBR proposes new definition of word ‘banking’

Proposed draft amendments in the Income Tax Ordinance, 2001 issued for simplification and harmonization through the next Finance Bill, 2024

Updated 14 Aug, 2023 05:32pm

Pakistan

Private medical colleges violating tax laws

ISLAMABAD: Private medical colleges are involved in serious violations of income tax laws including non-deduction of...

Published 25 Jul, 2023 06:20am

Business & Finance

Tax under Section 7E on immoveable properties: Inland revenue chief commissioners issued instructions

ISLAMABAD: The Federal Board of Revenue (FBR) Monday issued draft of proposed amendments in the Inland Revenue...

Published 25 Jul, 2023 06:20am

FBR to ‘sell’ excise rules, general orders, departmental rulings to public

ISLAMABAD: The Federal Board of Revenue (FBR) will “sell” federal excise rules, general orders and departmental...

Updated 06 Jul, 2023 08:39am

Business & Finance

FBR proposes changes in tax laws to check profit shifting by MNCs

ISLAMABAD: The Federal Board of Revenue (FBR) has proposed changes in tax laws to check the “profit shifting” by...

Published 13 Jun, 2023 06:00am

KE seeks amendments to tax laws

ISLAMABAD: K-Electric (KE) has sought amendments in tax laws including income tax, minimum turnover, payment of...

Updated 30 May, 2023 09:22am

Business & Finance

Experts urge govt to avoid frequent changes in tax laws

LAHORE: Tax experts have urged the government to strike a balance between the need to update tax laws and the need ...

Published 12 May, 2023 05:59am

International tax conventions, deals: SC says role of state more of an implementer than an interpreter

ISLAMABAD: The Supreme Court held that international tax conventions or agreements or treaties are of a special...

Updated 11 May, 2023 08:48am

Business & Finance

Frequent changes in tax laws leading to wrong assessments

LAHORE: Extensive changes in tax laws on yearly basis and at times more than once in a year, lead to wrong...

Published 07 May, 2023 03:21am

President signs Tax Laws (Amendment) Bill 2023 into law

ISLAMABAD: President Dr Arif Alvi Thursday signed the Tax Laws (Amendment) Bill 2023. The president gave approval to...

Updated 21 Apr, 2023 08:53am

Govt fails to implement WB-recommended tax reforms

ISLAMABAD: The government has failed to fully implement the World Bank recommended major tax reforms for enhancing...

Updated 20 Apr, 2023 08:35am

‘Flood Levy’: FBR has not drafted any proposal

ISLAMABAD: The Federal Board of Revenue (FBR) has not drafted any proposal to impose “Flood Levy” or any new...

Updated 16 Dec, 2022 09:27am

Business & Finance

WHT on passenger transport vehicles: FBR issues ‘legal’ clarification

ISLAMABAD: Taking prompt action on transporters’ complaints, the Federal Board of Revenue (FBR) Wednesday night...

Published 01 Sep, 2022 05:50am

Business & Finance

Inordinate delays in dispute resolution impair overall tax governance: SC

ISLAMABAD: The Supreme Court held and declared that Rule 22(1) of Appellate Tribunal Inland Revenue Rules, 2010 to...

Published 07 Aug, 2022 05:44am

Business & Finance

PTBA president for creating awareness among members about tax laws

FAISALABAD: Tax bars and Chambers of Commerce and Industry must forge their productive relationship to facilitate ...

Published 19 Jul, 2022 06:00am

Business & Finance

FTO directs FBR to settle refund claim of complainant

ISLAMABAD: The Federal Tax Ombudsman (FTO), while disposing of the complaint of a customer of the telecom company ...

Published 30 Jun, 2022 06:07am

Business & Finance

Why do startups like setting up shop in Dubai?

Businesses thrive in Dubai, which would explain why it was just announced that more than 3,000 new member companies...

Updated 27 May, 2022 04:15pm

Business & Finance

Budget FY23: PBA seeks 29pc uniform tax rate

ISLAMABAD: Pakistan Banks Association (PBA) has proposed to the Federal Board of Revenue (FBR) to apply a uniform ...

Published 27 May, 2022 05:50am

Business & Finance

NIFT, M10 Networks forge alliance to power digital B2B payments

KARACHI: The National Institutional Facilitation Technologies (NIFT) of Pakistan and M10 Networks announced on ...

Published 26 Apr, 2022 06:17am

Fertilizer firms being issued show-cause notices despite SRO compliance

ISLAMABAD: In spite of due compliance of relevant SRO, the Federal Board of Revenue (FBR)’s field formations are...

Updated 02 Apr, 2022 10:28am

Business & Finance

FBR rejects news item

ISLAMABAD: The Federal Board of Revenue (FBR) has categorically denied the insinuation made in the story published ...

Published 09 Feb, 2022 05:46am

Opinion

Note on the Finance (Supplementary) Act, 2022

The National Assembly has passed the Finance (Supplementary) Bill on...

Published 17 Jan, 2022 07:06am

Business & Finance

Maggo proposes amendment in tax laws

KARACHI: Mian Nasser Hyatt Maggo, President Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has...

Published 19 Dec, 2021 04:37am

FBR reviews draft bill on withdrawal of ST exemptions

ISLAMABAD: The Federal Board of Revenue (FBR), Tuesday, reviewed in detail, the draft of the Tax Laws (Fourth)...

Updated 15 Dec, 2021 03:36pm

Pakistan

Protest against taxation measures: APAT convention to take final decision on Jan 13

ISLAMABAD: The All Pakistan Anjuman-e-Tajiran (APAT) would convene a convention at Lahore on January 13, 2022 to ...

Published 09 Dec, 2021 04:29am

Law Div vets Tax Laws (4th Amendment) Ordinance, 2021

ISLAMABAD: The draft of the Tax Laws (4th Amendment) Ordinance, 2021 has been vetted by the Law Division to withdraw...

Updated 08 Nov, 2021 09:51am

Gainers
Losers
Leaders

Stock	Price
Kohinoor Power / Nov 28 Kohinoor Power Company Limited(KOHP)	4.88 ▲ 1.00 (25.77%)
Saritow Spinning / Nov 28 Saritow Spinning Mills Limited(SSML)	6.90 ▲ 0.90 (15.00%)
Power Cem(Pref) / Nov 28 Power Cement (Pref)(POWERPS)	8.60 ▲ 1.00 (13.16%)
Hira Textile / Nov 28 Hira Textile Mills Limited(HIRAT)	2.20 ▲ 0.24 (12.24%)
Service Textile / Nov 28 Service Industries Textiles Limited(SERT)	10.11 ▲ 1.00 (10.98%)
Bela Auto / Nov 28 Bela Automotives Limited(BELA)	7.29 ▲ 0.71 (10.79%)
Shaheen Ins. / Nov 28 Shaheen Insurance Company Limited(SHNI)	3.74 ▲ 0.29 (8.41%)
Premier Insurance / Nov 28 Premier Insurance Limited(PINL)	7.90 ▲ 0.58 (7.92%)
Saif Textile / Nov 28 Saif Textile Mills Limited(SAIF)	12.40 ▲ 0.88 (7.64%)
Calcorp / Nov 28 Calcorp Limited(CASH)	19.91 ▲ 1.39 (7.51%)

Stock	Price
F.Credit & Inv / Nov 28 First Credit and Investment Bank Limited(FCIBL)	5.53 ▼ -0.66 (-10.66%)
PICIC Ins.Ltd. / Nov 28 PICIC Insurance Limited(PIL)	0.90 ▼ -0.09 (-9.09%)
Pervez Ahmed Co / Nov 28 Pervez Ahmed Consultancy Services Ltd.(PASL)	0.81 ▼ -0.07 (-7.95%)
Samba Bank / Nov 28 Samba Bank Limited(SBL)	7.85 ▼ -0.66 (-7.76%)
Universal Network (GEM) / Nov 28 Universal Network Systems Limited (GEM)(GEMUNSL)	38.54 ▼ -3.12 (-7.49%)
Metro Steel / Nov 28 Metropolitan Steel Corporation Limited(MSCL)	24.97 ▼ -2.02 (-7.48%)
Tandlianwala Sugar / Nov 28 Tandlianwala Sugar Mills Limited(TSML)	65.05 ▼ -4.95 (-7.07%)
Bank of Khyber / Nov 28 The Bank of Khyber(BOK)	11 ▼ -0.80 (-6.78%)
Hala Enterprise / Nov 28 Hala Enterprises Limited(HAEL)	10.75 ▼ -0.66 (-5.78%)
Punjab Mod / Nov 28 First Punjab Modaraba(FPJM)	1.60 ▼ -0.09 (-5.33%)

Stock	Volume
Kohinoor Spining / Nov 28 Kohinoor Spinning Mills Limited(KOSM)	109,392,000 ▲ 0.20
WorldCall Telecom / Nov 28 Worldcall Telecom Limited(WTL)	47,603,061 ▲ 0.08
Treet Corp. (R) / Nov 28 Treet Corporation Limited (R)(TREETR2)	24,352,497 ▼ -0.08
B.O.Punjab / Nov 28 The Bank of Punjab(BOP)	23,054,217 ▲ 0.24
Yousuf Weaving / Nov 28 Yousaf Weaving Mills Limited(YOUW)	22,758,500 ▼ -0.22
Maple Leaf Cement / Nov 28 Maple Leaf Cement Factory Limited(MLCF)	17,865,589 ▲ 0.26
D.G.K.Cement / Nov 28 D.G. Khan Cement Company Limited(DGKC)	15,655,201 ▲ 2.67
Agritech Limited / Nov 28 Agritech Limited(AGL)	15,233,500 ▲ 0.63
Pak Elektron / Nov 28 Pak Elektron Limited(PAEL)	14,205,993 ▼ -0.01
P.I.A.C.(A) / Nov 28 Pakistan International Airlines Corp(PIAA)	13,108,000 ▼ -0.06

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Item	Value

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