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tax net

Budget on June 9: Expand tax base urgently, PM asks economic team

Chairs meeting regarding the preparation of the budget for the financial year 2023-24

Updated 24 May, 2023 12:31pm

Opinion

Elite’s divorced from reality

It turns out that a ringside seat to a country plummeting into sovereign default – one of the few perks of an...

Published 19 Jan, 2023 05:58am

Business & Finance

PM’s aide assigns targets for broadening tax net

ISLAMABAD: The Special Assistant to the Prime Minister on Revenue, Tariq Pasha, has started assigning targets to the...

Published 05 Jan, 2023 05:58am

Editorials

Reluctant retailers

EDITORIAL: Good luck to the Senate standing committee on finance as it tries to drag two million reluctant retailers...

Published 02 Jan, 2023 05:54am

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

Documenting economy, broadening tax base: AGP expresses concern over FBR’s failure

ISLAMABAD: The Auditor General of Pakistan (AGP) has expressed serious concern over the Federal Board of Revenue’s...

Updated 13 Oct, 2022 09:51am

Constitutionality of Section 7E of IT Ord, 2001: LHC issues notices to federal, Punjab secretaries and FBR

ISLAMABAD: The Lahore High Court (LHC) issued notices to the federal and the Punjab secretaries of Finance and the...

Updated 01 Sep, 2022 09:24am

Business & Finance

FBR to improve infrastructure to better facilitate retailers

ISLAMABAD: On the recommendations of the Federal Tax Ombudsman (FTO), the Federal Board of Revenue (FBR) will raise ...

Published 31 Aug, 2022 05:50am

Bringing HNWIs into tax net: NADRA provides 3,500 updated profiles of non-filers to FBR

ISLAMABAD: The National Database and Registration Authority (Nadra) Wednesday provided revised samples of 3,000 to...

Updated 04 Aug, 2022 10:21am

Service charges/ commission/ fees: Payments to non-residents brought into the tax net

FBR inserts two new sub-sections in Section 152 of Income Tax Ordinance for taxation payments to non-residents

Updated 22 Jul, 2022 09:31am

Opinion

Current tax regime – an impediment to growth

Pakistan’s tax regime is perhaps one of the biggest impediments to economic growth. High tax rates and complexity...

Updated 29 Jun, 2022 09:00am

PTI criticises govt for taking ‘regressive’ economic steps

ISLAMABAD: While lashing out at government for imposing and hiking taxes, former foreign minister Shaukat Tarin...

Updated 27 Jun, 2022 10:01am

Business & Finance

'In coming months': Govt to expand tax net with consultation, says Miftah Ismail

Finance minister says will bring real estate brokers, builders, housing society developers, car dealers, restaurants, salons etc in the tax net

Updated 25 Jun, 2022 04:32pm

Business & Finance

Senate panel agrees to FBR’s plan for disabling mobile phones, SIMs to force filing of returns

ISLAMABAD: A meeting of the Senate Standing Committee on Finance has agreed to the Federal Board of Revenue (FBR) to...

Published 17 Jun, 2022 06:37am

Budget 2022-23

Fixed Tax Scheme: 2.5m retailers to be brought into tax net

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Asim Ahmad on Saturday said the FBR has estimated to bring 2.5...

Published 12 Jun, 2022 06:55am

Business & Finance

PBF urges govt to incentivise investors, broaden tax net

KARACHI: President of Pakistan Businesses Forum (PBF) Mian Usman Zulfiqar has proposed to the economic managers to...

Published 02 Jun, 2022 07:00am

Business & Finance

Hazara region: KPRA registers over 200 service providers

PESHAWAR: Khyber Pakhtunkhwa Revenue Authority (KPRA) has registered over 200 service providers in Hazara region...

Published 23 May, 2022 08:02am

Business & Finance

FBR urged to facilitate one-shop retailers

LAHORE: President and founder of Friends Economic & Business Reforms (FEBR) and former vice-president of the...

Published 20 Feb, 2022 05:55am

Business

‘Exemptions, incentives withdrawal to generate Rs250bn more revenue’

LAHORE: Special Assistant to Prime Minister (SAPMA) on Revenue Dr Waqar Masood has said that the budget 2021-22 has ...

Published 24 Jun, 2021 03:36am

Pakistan

There is ambivalence in govt’s policy: Mian Zahid

KARACHI: Chairman of National Business Group Pakistan and President Pakistan Businessmen and Intellectuals Forum,...

Published 18 Jun, 2021 04:16am

Pakistan

FPCCI demands reforms in tax system for broadening tax net

Former President FPCCI gave a detailed briefing to the participants regarding the budget proposals sent to the government by FPCCI.

Published 06 Jun, 2021 07:42pm

Editorials

Raising revenue by Rs 1 trillion

EDITORIAL: Finance Minister Shaukat Tarin has reiterated in his recent interviews on private television channels ...

Updated 29 May, 2021 12:03pm

Opinion

Tarin’s road map – the way forward for Pakistan

The proposals made by the new Finance Minister Shaukat Tarin are valid, and it is time to seriously work towards...

Published 07 May, 2021 04:35am

Business & Finance

Current COVID wave threatens Pakistan's economic recovery: Tarin

“The current IMF program was quite difficult and such conditions were imposed, which has a political cost as well," said Tarin.

Published 05 May, 2021 03:27pm

Business

Attachment of bank accounts of taxpayers: FTO for restricting powers of tax officials

ISLAMABAD: The Federal Tax Ombudsman (FTO) has strongly recommended the Federal Board of Revenue (FBR) to restrict...

Published 28 Apr, 2021 03:18am

Opinion

Simplification of taxes for growth — II

The government of Pakistan Tehreek-i-Insaf (PTI) has been reminded in these columns time and again that no agenda ...

Published 26 Mar, 2021 05:22am

Business & Finance

World Bank & CDPR Unlock Pakistan’s Income Tax Potential in a New Webinar Series

The Pakistan Development Policy series 2021 is a set of policy discussions organized by CDPR and the World Bank to discuss key reform areas critical to Pakistan’s economic, social and development growth.

Updated 02 Mar, 2021 01:08pm

First 5 months of FY21: Fiscal deficit stands at 1.8pc of GDP

ISLAMABAD: The fiscal deficit during the first five months of the current fiscal year stood at 1.8 percent of GDP,...

Published 27 Jan, 2021 04:59am

Pakistan

'Steps to enhance tax net help generate additional Rs 2bn this year'

She said that technological advancement had enabled the department to collect and maintain accurate record and potential of recovery.

Published 13 Jan, 2021 08:26pm

Gainers
Losers
Leaders

Stock	Price
Punjab Mod / Jun 5 First Punjab Modaraba(FPJM)	1.41 ▲ 0.19 (15.57%)
Pak. P.V.C. / Jun 5 Pakistan PVC Limited(PPVC)	4.82 ▲ 0.61 (14.49%)
Hussain Industries / Jun 5 Husein Industries Limited(HUSI)	11.49 ▲ 0.99 (9.43%)
Gammon Pak / Jun 5 Gammon Pakistan Limited(GAMON)	5.30 ▲ 0.40 (8.16%)
Sui South Gas / Jun 5 Sui Southern Gas Company Limited(SSGC)	9.66 ▲ 0.70 (7.81%)
HI-Tech Lub. / Jun 5 Hi-Tech Lubricants Limited(HTL)	23.47 ▲ 1.64 (7.51%)
Atlas Battery / Jun 5 Atlas Battery Limited(ATBA)	224.16 ▲ 15.64 (7.50%)
Century Paper / Jun 5 Century Paper & Board Mills Limited(CEPB)	55.60 ▲ 3.88 (7.50%)
Dawood Lawrencepur / Jun 5 Dawood Lawrencepur Limited(DLL)	258 ▲ 18.00 (7.50%)
Exide (PAK) / Jun 5 Exide Pakistan Limited(EXIDE)	274.59 ▲ 19.16 (7.50%)

Stock	Price
Unicap Modaraba / Jun 5 Unicap Modaraba(UCAPM)	1.70 ▼ -0.67 (-28.27%)
Pak Gulf Leasing / Jun 5 Pak-Gulf Leasing Company Limited(PGLC)	6.50 ▼ -0.99 (-13.22%)
Mehran Sugar / Jun 5 Mehran Sugar Mills Limited(MRNS)	38 ▼ -5.00 (-11.63%)
Rafhan Maize / Jun 5 Rafhan Maize Products Company Limited(RMPL)	8332 ▼ -1059.00 (-11.28%)
Diamond Ind. / Jun 5 Diamond Industries Limited(DIIL)	30.62 ▼ -2.48 (-7.49%)
Gillette Pak / Jun 5 Gillette Pakistan Limited(GLPL)	109.08 ▼ -8.82 (-7.48%)
John&Philips / Jun 5 Johnson & Phillips (Pakistan) Limited(JOPP)	35.02 ▼ -2.83 (-7.48%)
Indus Dyeing / Jun 5 Indus Dyeing & Manufacturing Co. Limited(IDYM)	126 ▼ -9.06 (-6.71%)
Ruby Textile / Jun 5 Ruby Textile Mills Limited(RUBY)	3.13 ▼ -0.21 (-6.29%)
Reliance Ins. / Jun 5 Reliance Insurance Company Limited(RICL)	7.27 ▼ -0.48 (-6.19%)

Stock	Volume
WorldCall Telecom / Jun 5 Worldcall Telecom Limited(WTL)	16,776,521 ▼ -0.02
Pak Int.Bulk / Jun 5 Pakistan International Bulk Terminal(PIBTL)	10,345,500 ▲ 0.10
Sui North Gas / Jun 5 Sui Northern Gas Pipelines Limited(SNGP)	9,748,618 ▲ 2.54
Pak Petroleum / Jun 5 Pakistan Petroleum Limited(PPL)	9,220,831 ▲ 3.59
Oil & Gas Dev. / Jun 5 Oil & Gas Development Company Limited(OGDC)	8,432,214 ▲ 3.17
D.G.K.Cement / Jun 5 D.G. Khan Cement Company Limited(DGKC)	8,134,363 ▼ -0.12
Pak Refinery / Jun 5 Pakistan Refinery Limited(PRL)	5,737,803 ▲ 0.30
Maple Leaf Cement / Jun 5 Maple Leaf Cement Factory Limited(MLCF)	4,793,566 ▲ 0.31
Hascol Petrol / Jun 5 Hascol Petroleum Limited(HASCOL)	4,657,500 ▲ 0.12
Sui South Gas / Jun 5 Sui Southern Gas Company Limited(SSGC)	4,102,148 ▲ 0.70

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 5	286.10
USD PKR Interbank Buying / Jun 5	285.90
USD to Japanese Yen / Jun 5	140.13
USD to Swiss Franc / Jun 5	0.91
Pound Sterling to USD / Jun 5	1.24
Euro to USD / Jun 5	1.07
UK LIBOR % / Jun 2	5.06

Stock	Volume
S&P 500 / Jun 2	4282.37
Nasdaq / Jun 2	13240.77
Dow Jones / Jun 2	33762.76
India Sensex / Jun 5	62894.02
Tokyo Nikkei / Jun 5	32117.09
Hang Seng / Jun 5	18993.93
FTSE 100 / Jun 5	7637.92
Germany DAX 30 / Jun 5	16080.36
France CAC40 / Jun 5	7260.56

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 2	20235
Gold 10 Grams PKR / Jun 2	199760
Crude Oil USD/Barrel / Jun 5	72.64
Gold Spot USD/Ounce / Jun 5	1944.48
Cotton US¢/pound / Jun 5	81.63

tax net

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