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tax net

‘No new laws should be made for existing taxpayers’: LCCI

LAHORE: President of the Lahore Chamber of Commerce and Industry (LCCI) Kashif Anwar has said that no new laws ...

Published 07 May, 2024 06:27am

Editorials

Hurting growth of formal economy

EDITORIAL: At a time when the federal government and finance minister are all talking about documenting the economy...

Published 06 May, 2024 05:30am

Bringing developers, builders into tax net: FBR fails to achieve desired results

It is learnt that the FBR is expected to issue increased values of immovable properties from July 1, 2024

Updated 01 May, 2024 03:24pm

Business & Finance

Upcoming budget: KATI chief for inclusion of agri sector in tax net

KARACHI: President of the Korangi Association of Trade and Industry (KATI), Johar Qandhari, has called for the...

Published 27 Apr, 2024 05:03am

Pakistan

CRD urges FM to take action against cigarette makers violating laws

ISLAMABAD: The Centre for Research and Dialogue (CRD) has asked the Finance Minister Muhammad Aurangzeb for taking...

Published 06 Apr, 2024 05:28am

Business & Finance

Tobacco revenue may cross $2bn mark by curbing illicit trade

LAHORE: The government has the potential to generate $2 billion revenue from the legitimate tobacco industry by...

Published 09 Mar, 2024 04:59am

Pakistan

‘Existential crisis’: tax the undocumented sector, urges PBC

Body says first task of incoming government will be to negotiate IMF programme, seek longer-term, reform-centric bailout

Published 03 Jan, 2024 07:30pm

Editorials

FBR’s hunt for non-filers

EDITORIAL: It seems FBR (Federal Board of Revenue) is throwing the kitchen sink at non-filers in its latest,...

Published 30 Dec, 2023 06:28am

FBR informs IMF of its plan to register 1m non-filers

ISLAMABAD: The Federal Board of Revenue (FBR), Monday, informed the International Monetary Fund (IMF) that tax...

Updated 28 Nov, 2023 09:09am

FBR-Nadra body tasked to broaden tax base

ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday constituted a high-level technical committee of National...

Updated 24 Nov, 2023 09:18am

Non-filers: DTOs authorised to disconnect utility connections

ISLAMABAD: The government on Friday established 145 District Tax Offices (DTOs) across the country for bringing 1.5...

Updated 18 Nov, 2023 08:48pm

Non-filers, documentation of economy: FBR shares strategy with Shamshad

ISLAMABAD: The caretaker Finance Minister Dr Shamshad Akhtar has directed the Federal Board of Revenue (FBR) to...

Updated 03 Nov, 2023 08:59am

FBR, Nadra agree to exchange taxpayers’ data

ISLAMABAD: The Federal Board of Revenue (FBR) and the National Database and Registration Authority (Nadra) have...

Updated 20 Oct, 2023 09:02am

FBR to field DTOs to identify new taxpayers

ISLAMABAD: The Federal Board of Revenue (FBR) plans to depute District Taxation Officers Inland Revenue across...

Updated 09 Oct, 2023 09:44am

Consistent policies mandatory: 60pc of economy outside the tax net: Ishrat

ISLAMABAD: Former Governor State Bank of Pakistan (SBP), Dr Ishrat Hussain, on Saturday, said predictability and...

Updated 24 Sep, 2023 10:45pm

Broadening tax base: IT ministry to lend a helping hand to FBR

ISLAMABAD: The Ministry of IT and Telecommunication would fully assist the Federal Board of Revenue (FBR) in...

Updated 15 Sep, 2023 08:53am

Opinion

Country needs structural reforms

This is apropos a Business Recorder op-ed “Broadening the tax net: A solution to taxation woes?” carried by the...

Published 11 Sep, 2023 06:32am

Business & Finance

Punjab govt to hire services of consultants, contractors to expand tax net

LAHORE: To expand the tax net in the province, the Punjab government has decided to hire services of contractors and...

Published 24 Aug, 2023 06:22am

Opinion

Broadening the tax net-II: A solution to taxation woes?

The narrative highlighting the importance of enhancing the number of tax filers also fails to take into account the...

Published 18 Aug, 2023 06:06am

Editorials

What happens when cash reigns supreme?

EDITORIAL: In the last decade, authorities had supposedly lent focus to expand documentation of the economy. But,...

Published 16 Aug, 2023 05:50am

Opinion

Broadening the tax net — I: A solution to taxation woes?

In recent years the word “narratives’ and the phrase “narrative building” have come to occupy a prominent...

Published 14 Aug, 2023 06:29am

Opinion

Taxing work and subsidising non-work

Turns out that there’s a Salaried Class Alliance (SCA), based in Karachi, which describes itself as a...

Updated 27 Jul, 2023 07:00am

Opinion

Another hybrid body needed to widen the tax net

The addition of Special Facilitation Investment Council (SFIC) to the already existing hybrid organization and...

Updated 21 Jul, 2023 07:12am

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

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

Business & Finance

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 13	278.33
USD PKR Interbank Buying / May 13	278.13
USD to Japanese Yen / May 13	156.38
USD to Swiss Franc / May 13	0.91
Pound Sterling to USD / May 13	1.26
Euro to USD / May 13	1.08

Stock	Volume
S&P 500 / May 13	5221.42
India Sensex / May 13	72776.13
Tokyo Nikkei / May 13	38423.88
Nasdaq / May 13	16388.24
Hang Seng / May 13	19115.06
FTSE 100 / May 13	8414.99
Dow Jones / May 13	39431.51
Germany DAX 30 / May 13	18742.22

Item	Value
Crude Oil USD/Barrel / May 13	79.35
Karachi Cotton PKR/37.32 KG / May 13	19935
Gold 10 Grams PKR / May 13	207733
Gold Spot USD/Ounce / May 13	2340.10
Cotton US¢/pound / May 13	77.71
Petrol/Litre / May 14	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 14 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 14 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 14 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 14 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 14 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 14 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 14 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 14 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 14 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 14 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 14 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 14 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 14 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 14 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 14 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 14 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 14 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 14 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 14 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 14 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 14 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 14 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 14 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 14 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 14 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 14 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 14 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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