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tax returns

Tax Policy Office to be operationalised ‘in a few days’: Aurangzeb

Govt committed to broadening tax base, advancing with focused approach to make Pakistan export-led country, says finance minister

Published 26 Feb, 2025 09:39pm

Editorials

FBR’s strong-arm tactics

EDITORIAL: In yet another display of its highhandedness towards taxpayers, it has come to light that the Federal...

Published 18 Feb, 2025 03:01am

Pakistan

Use of software/programme: Payment is business income, not royalty: SC

ISLAMABAD: The Supreme Court of Pakistan, while exercising its review jurisdiction, has held that the...

Published 13 Dec, 2024 06:29am

Business & Finance

Tax dept misuses authority: Automatic audit selection under fire

LAHORE: The tax department’s automatic selection of tax returns for audit has come under scrutiny, with critics...

Updated 02 Nov, 2024 07:04am

FBR receives 4.821m tax returns up to Oct 26th

ISLAMABAD: The Federal Board of Revenue (FBR) has received 4.821 million income tax returns for Tax Year 2024 up to...

Updated 27 Oct, 2024 11:14am

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ISLAMABAD: The Federal Board of Revenue (FBR) has withdrawn a major condition of filing of affidavits (tax period...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

Rs87bn short of target: Q1 collection stands at Rs2.452trn

ISLAMABAD: Despite taxation measures of Rs 1,800 billion in the budget (2024-25), the Federal Board of Revenue (FBR)...

Updated 01 Oct, 2024 08:52am

Conditions for GST payment, tax returns relaxed

ISLAMABAD: The Federal Board of Revenue (FBR) has relaxed conditions for sales taxpayers and requirement to file...

Updated 02 Aug, 2024 09:45am

Opinion

210,000 SIM cards blocked

According to a Business Recorder news item “Non-filers: 210,000 SIM cards blocked” carried by the newspaper...

Published 06 Jul, 2024 06:48am

Business & Finance

PRA to bring unregistered architect firms into tax net

LAHORE: The Punjab Revenue Authority (PRA) has launched an initiative to bring unregistered architect firms in ...

Published 25 May, 2024 05:55am

Editorials

FBR must stop leaning on crutches

EDITORIAL: In a fresh indicator of the Federal Board of Revenue’s (FBR’s) utter inability to carry out its basic job...

Published 17 May, 2024 05:50am

Business & Finance

Comprehensive measures in progress to enhance tax net: FBR official

PESHAWAR: Chief Commissioner (Inland Revenue) Regional Tax Office (RTO) Peshawar, Zafar Iqbal Khan has said that in...

Published 05 Apr, 2024 04:50am

Beneficial owners of companies: PTBA urges FBR to extend deadline

ISLAMABAD: The Pakistan Tax Bar Association (PTBA) has approached the Federal Board of Revenue (FBR) to extend date...

Updated 30 Dec, 2023 10:12am

‘Notices to deceased persons’: PTBA urges FBR to upgrade its system

ISLAMABAD: Pakistan Tax Bar Association of Pakistan (PTBA) has asked Federal Board of Revenue (FBR) to upgrade its...

Published 28 Dec, 2023 04:52am

Nod from IR Commissioner not needed: Tax returns can be revised within 60 days: FBR

ISLAMABAD: The Federal Board of Revenue (FBR) has clarified that the FBR system is allowing taxpayers to revise...

Updated 08 Nov, 2023 10:04am

Business & Finance

FBR confirms tax return filing deadline extended by 1 month

The Federal Board of Revenue (FBR) on Saturday said the date of date of filing income tax returns for Tax Year 2023...

Published 30 Sep, 2023 11:54pm

Business & Finance

FBR should provide 90 days for submission of tax returns: PTBA

LAHORE: The Pakistan Tax Bar Association (PTBA) has demanded that the chairman of the Federal Board of Revenue ...

Published 29 Sep, 2023 06:24am

Business & Finance

KTBA complains about ‘problematic’ IRIS portal

KARACHI: Taxpayers are still facing difficulties in complying with tax filing requirements due to persistent issues...

Updated 07 Sep, 2023 06:46am

Business & Finance

PTBA points out multiple errors & glitches in IRIS portal

LAHORE: The Pakistan Tax Bar Association (PTBA) has pointed out multiple errors and glitches in the online filing of...

Published 07 Sep, 2023 06:21am

PTBA asks FBR to take notice of sudden change in IRIS module

LAHORE: Pakistan Tax Bar Association (PTBA) leadership has urged Chairman Federal Board of Revenue (FBR) to look...

Updated 04 Sep, 2023 09:37am

CCP analysis on SME sector: ‘Complex regulatory regime pushes up cost of doing business’

ISLAMABAD: The Competition Commission of Pakistan (CCP) has declared that the complex regulatory regime has created...

Updated 16 Jul, 2023 09:22am

Income tax: Govt likely to introduce e-assessment scheme

ISLAMABAD: The government is likely to introduce an electronic-assessment scheme in the budget (2023-24) to conduct...

Updated 28 May, 2023 09:58am

Business & Finance

Tax officials accused of ignoring rules while charging WWF out of audit proceedings

LAHORE: The tax authorities are accused of ignoring the condition of passing a written order while dealing with...

Published 28 Apr, 2023 06:08am

Pakistan

Records seized: SRB raids club for recovery of SST dues

KARACHI: Sindh Revenue Board (SRB) has carried out a raid on a luxurious club located in a posh area of Karachi. The...

Published 24 Mar, 2023 05:55am

Business & Finance

SST amounts, returns: SRB extends deadlines

KARACHI: Sindh Revenue Board (SRB) has extended the date of e-depositing the amounts of Sindh Sales Tax (SST) and...

Published 15 Mar, 2023 07:07am

Business & Finance

‘Taxpayers’ Satisfaction Survey (2023)’ 53pc of businesspeople file tax returns without any help

ISLAMABAD: Around 53 percent of business community has filed their annual income tax returns without any help from...

Updated 11 Mar, 2023 08:52am

Business & Finance

SHC dismisses petitions challenging tax on foreign assets

ISLAMABAD: The Sindh High Court (SHC) has dismissed the petitions challenging the levy of tax on foreign assets of a...

Updated 01 Jan, 2023 10:09am

Opinion

PARTLY FACETIOUS: A case of assets beyond means?

“So now what?” “So now shut up about Dar sahib’s case of assets beyond means.” “I thought he said...

Published 16 Nov, 2022 05:50am

Senate body members accuse FBR of harassing people

ISLAMABAD: Members of the Senate Standing Committee on Finance have accused the Federal Board of Revenue (FBR) of...

Updated 12 Nov, 2022 09:35am

Business & Finance

FBR urges LCCI members to submit tax returns on time

LAHORE: The Federal Board of Revenue has urged the Lahore Chamber of Commerce and Industry (LCCI) to ask its members...

Published 12 Nov, 2022 05:55am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 15	281.68
USD PKR Interbank Buying / May 15	281.43
USD to Japanese Yen / May 15	145.80
USD to Swiss Franc / May 15	0.84
Pound Sterling to USD / May 15	1.33
Euro to USD / May 15	1.12
UK LIBOR % / May 14	4.96

Stock	Volume
S&P 500 / May 14	5,892.58
Nasdaq / May 14	19,146.81
Dow Jones / May 14	42,051.06
India Sensex / May 15	80,937.53
Tokyo Nikkei / May 15	37,755.51
Hang Seng / May 15	23,453.16
FTSE 100 / May 15	8,561.58
Germany DAX 30 / May 15	23,462.44
France CAC40 / May 15	7,814.71

Item	Value
Karachi Cotton PKR/37.32 KG / May 14	16,985
Gold 10 Grams PKR / May 14	293,124
Petrol/Litre / May 15	252.63
Crude Oil USD/Barrel / May 15	60.66
Gold Spot USD/Ounce / May 15	3,162.99
Diesel/Litre / May 15	256.64
Cotton US¢/pound / May 15	65.21

Gainers
Losers
Leaders

Stock	Price
Cres.Star Ins. / May 15 Crescent Star Insurance Limited(CSIL)	3.05 ▲ 0.44 (16.86%)
Parmount Sp. / May 15 Paramount Spinning Mills Limited(PASM)	3.68 ▲ 0.44 (13.58%)
Ghani Chemworld / May 15 Ghani Chemworld Limited(GCWL)	9.14 ▲ 1 (12.29%)
Dewan Mushtaq / May 15 Dewan Mushtaq Textile Mills Limited(DMTM)	9.83 ▲ 1 (11.33%)
Al-Shaheer Corp / May 15 Al Shaheer Corporation Limited(ASC)	8.50 ▲ 0.78 (10.1%)
Hala Enterprise / May 15 Hala Enterprises Limited(HAEL)	13.26 ▲ 1.21 (10.04%)
P.T.C.L. / May 15 Pakistan Telecommunication Company Ltd(PTC)	22.06 ▲ 2.01 (10.02%)
Arctic Textile / May 15 Arctic Textile Mills Limited(ARCTM)	23.63 ▲ 2.15 (10.01%)
AN Textile Mills / May 15 AN Textile Mills Limited(ANTM)	11.87 ▲ 1.08 (10.01%)
Flying Cement / May 15 Flying Cement Company Limited(FLYNG)	49.46 ▲ 4.5 (10.01%)

Stock	Price
Tariq Corp.Pref. / May 15 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7.11 ▼ -1 (-12.33%)
Reliance Weaving / May 15 Reliance Weaving Mills Limited(REWM)	98.96 ▼ -10.99 (-10%)
Baba Farid Sugar / May 15 Baba Farid Sugar Mills Limited(BAFS)	52.60 ▼ -5.83 (-9.98%)
Apna Microfin. / May 15 Apna Microfinance Bank Limited(AMBL)	9.95 ▼ -1 (-9.13%)
TPL Life Insur. / May 15 TPL Life Insurance Limited(TPLL)	46.80 ▼ -4.5 (-8.77%)
Imperial Limited / May 15 Imperial Limited(IML)	16.31 ▼ -1.44 (-8.11%)
Hussain Industries / May 15 Husein Industries Limited(HUSI)	27.12 ▼ -2.17 (-7.41%)
Sanghar Sugar / May 15 Sanghar Sugar Mills Limited(SANSM)	55.66 ▼ -4.28 (-7.14%)
First Elite Cap.Mod / May 15 First Elite Capital Modaraba(FECM)	18.26 ▼ -1.39 (-7.07%)
Tandlianwala Sugar / May 15 Tandlianwala Sugar Mills Limited(TSML)	155.01 ▼ -9.67 (-5.87%)

Stock	Volume
Pak Refinery / May 15 Pakistan Refinery Limited(PRL)	38,881,674 ▲ 1.76
K-Electric Ltd. / May 15 K-Electric Limited(KEL)	38,590,707 ▲ 0.12
Cnergyico PK / May 15 Cnergyico PK Limited(CNERGY)	34,008,224 ▲ 0.31
At-Tahur Ltd. / May 15 At-Tahur Limited(PREMA)	26,005,698 ▲ 3.36
Kohinoor Spining / May 15 Kohinoor Spinning Mills Limited(KOSM)	24,063,819 ▲ 0.17
Waves Corporation / May 15 Waves Corporation Limited(WAVES)	20,094,971 ▲ 0.2
Sui South Gas / May 15 Sui Southern Gas Company Limited(SSGC)	19,035,780 ▲ 0.71
B.O.Punjab / May 15 The Bank of Punjab(BOP)	13,722,455 ▲ 0.1
P.T.C.L. / May 15 Pakistan Telecommunication Company Ltd(PTC)	13,375,720 ▲ 2.01
Pak Petroleum / May 15 Pakistan Petroleum Limited(PPL)	13,216,371 ▲ 1.89

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