Trends - tax revenue - Business Recorder

tax revenue

Tax evasion: PM Shehbaz orders action against individuals, sectors

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday ordered a sweeping crackdown on tax evasion, calling for strict...

Updated 14 May, 2025 09:51am

Opinion

Tax revenue target for 2025-26

The process of preparation of the federal and provincial budgets is underway now and the respective budgets will be...

Published 06 May, 2025 03:19am

Tola underscores need for resolving narrow tax base issue

LAHORE: To address the issue of a narrow tax base, the government should implement several solutions, including...

Updated 04 May, 2025 09:18am

Pakistan loses Rs750bn tax revenue to illicit trade, smuggling yearly: report

ISLAMABAD: Pakistan loses Rs 750 billion in tax revenue per annum due to illicit trade and smuggling, reflecting...

Updated 02 May, 2025 09:04am

PCA South uncovers Rs215m tax revenue fraud

KARACHI: A ghost manufacturing unit has allegedly orchestrated massive money laundering worth Rs 2.4 billion and...

Updated 27 Mar, 2025 09:04am

Ministries told to submit FY26 budget proposals

ISLAMABAD: Finance Minister Senator Muhammad Aurangzeb has sought budget proposals for the Federal Budget 2025-26...

Updated 24 Jan, 2025 02:47pm

Business & Finance

Tax revenue: Punjab collects Rs650bn through e-Pay

LAHORE: The Punjab government has collected around Rs 650 billion in tax revenue through e-Pay Punjab, developed by...

Updated 02 Jan, 2025 08:27am

Editorials

Elite capture

EDITORIAL: In economic terms an elite is defined as external rent seekers comprising of an entity or a group who...

Updated 09 Dec, 2024 08:08am

NFP, agri tax review: Provincial govts to face IMF scrutiny today

ISLAMABAD: The International Monetary Fund (IMF) team is set to question the provincial governments on Friday (Nov...

Updated 15 Nov, 2024 09:20am

FBR tells IMF: No need for contingency revenue measures

However, one proposal to impose lower rate of sales tax between 5 to 7 percent on petroleum products under examination

Updated 13 Nov, 2024 10:49am

Tax-to-GDP ratio drastically down in 2023-24

ISLAMABAD: The Tax-to-Gross Domestic Product (GDP) ratio drastically decreased from 9.22 percent in 2021-22 to 8.77...

Updated 08 Nov, 2024 09:41am

Editorials

The cost of political strife

EDITORIAL: Last weekend saw yet another fierce showdown transpiring between the PTI and the government following the...

Updated 12 Oct, 2024 08:12am

Strike and strife cost economy Rs190bn a day: minister

ISLAMABAD: Finance Minister Muhammad Aurangzeb on Tuesday said that national economy suffered cumulative losses of...

Updated 09 Oct, 2024 08:53am

Editorials

State of economy signals tougher times ahead

EDITORIAL: Finally, the IMF (International Monetary Fund) executive board with Pakistan’s programme on its agenda...

Published 19 Sep, 2024 06:37am

Business & Finance

PBIF chief for taking ‘difficult’ decisions

KARACHI Chairman of the FPCCI Advisory Board and National Business Group Pakistan, the President of Pakistan...

Published 15 Sep, 2024 02:45am

Pakistan

Crackdown launched on retailers selling non-tax-paid cigarettes

LAHORE: To address the escalating issue of illicit cigarette trade in Pakistan, a crackdown has been launched on...

Published 12 Sep, 2024 03:48am

Editorials

Tax revenue conundrum

EDITORIAL: As expected, the FBR (Federal Board of Revenue) is falling short of ambitious revenues targets in an...

Updated 09 Sep, 2024 07:47am

Opinion

Poverty trap – ‘terrible thing’ or ...?

You don’t have to be a finance professor at Princeton to understand that Pakistan is indeed “stuck in a poverty...

Published 22 Aug, 2024 06:58am

Opinion

Bring back zero-rating

Should the government ensure implementation of sales tax at the point-of-sale, ~Rs 293 billion in tax revenue could...

Updated 13 Aug, 2024 07:51am

FY24 ends with a budget deficit of 6.8pc of GDP

ISLAMABAD: The government has closed fiscal year 2023-24 with budget deficit of 6.8 percent of the gross domestic...

Updated 31 Jul, 2024 10:17am

Pakistan

Govt collects Rs518bn through e-Pay Punjab: PITB

LAHORE: The Punjab government has collected over Rs518 billion in tax revenue through e-Pay Punjab, an online...

Published 27 Jul, 2024 07:16am

Editorials

Informal economy

EDITORIAL: The size of Pakistan’s informal sector has been a cause for much consternation for our policymakers as...

Published 21 May, 2024 03:39am

2022-23 period: Army paid Rs100bn duties, taxes: DG ISPR

ISLAMABAD: Director General Inter-Services Public Relations (DG ISPR) Maj-Gen Ahmed Sharif on Tuesday said the...

Updated 08 May, 2024 09:18am

9MFY24 collection: Provinces given 53pc of total revenue under NFC Award

ISLAMABAD: The provinces were transferred 53 percent of the total tax revenue collected during the first nine months...

Updated 03 May, 2024 09:31am

9MFY24: Fiscal deficit recorded at Rs3.902trn

ISLAMABAD: Fiscal deficit has been recorded at 3.7 percent (Rs3,902.416 billion) of the GDP during the first nine...

Updated 01 May, 2024 09:20am

Opinion

The way forward for Pakistan

“Rather than going cap-in-hand asking for new finance, the new government and its backers in the establishment and...

Published 17 Apr, 2024 05:28am

SIFC helps FBR collect Rs6.71trn in Jul-Mar FY24

The government is likely to achieve its Rs 9.415 trillion revenue collection target for 2023-24

Updated 09 Apr, 2024 09:50am

Editorials

Bringing traders into the tax net

EDITORIAL: Successive governments in Pakistan have tried and failed to bring the country’s traders and retailers...

Updated 27 Mar, 2024 05:07am

Business & Finance

Wholesale, retail, real estate sectors: PBC estimates Rs747bn potential annual tax revenue

KARACHI: The Pakistan Business Council (PBC) estimates potential annual tax revenue of Rs. 747bn from wholesale,...

Published 26 Mar, 2024 04:20am

Business & Finance

Govt collects Rs400bn tax revenue through e-Pay Punjab

LAHORE: The Punjab government has collected record tax revenue of over Rs 400 billion through e-Pay Punjab, an ...

Published 26 Mar, 2024 04:20am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 14	281.78
USD PKR Interbank Buying / May 14	281.68
USD to Japanese Yen / May 14	146.04
USD to Swiss Franc / May 14	0.84
Pound Sterling to USD / May 14	1.33
Euro to USD / May 14	1.12
UK LIBOR % / May 14	4.96

Stock	Volume
S&P 500 / May 14	5,892.58
India Sensex / May 14	81,330.56
Tokyo Nikkei / May 14	37,705.74
Nasdaq / May 14	19,146.81
Hang Seng / May 14	23,574.72
FTSE 100 / May 14	8,585.01
Dow Jones / May 14	42,051.06
Germany DAX 30 / May 14	23,527.01
France CAC40 / May 14	7,836.79

Item	Value
Crude Oil USD/Barrel / May 14	61.91
Karachi Cotton PKR/37.32 KG / May 14	16,985
Gold 10 Grams PKR / May 14	293,124
Gold Spot USD/Ounce / May 14	3,152.57
Cotton US¢/pound / May 14	65.37
Petrol/Litre / May 15	252.63
Diesel/Litre / May 15	256.64

Gainers
Losers
Leaders

Stock	Price
Parmount Sp. / May 15 Paramount Spinning Mills Limited(PASM)	3.68 ▲ 0.44 (13.58%)
Cres.Star Ins. / May 15 Crescent Star Insurance Limited(CSIL)	2.95 ▲ 0.34 (13.03%)
Ghani Chemworld / May 15 Ghani Chemworld Limited(GCWL)	9.14 ▲ 1 (12.29%)
Al-Shaheer Corp / May 15 Al Shaheer Corporation Limited(ASC)	8.52 ▲ 0.8 (10.36%)
Hala Enterprise / May 15 Hala Enterprises Limited(HAEL)	13.26 ▲ 1.21 (10.04%)
AN Textile Mills / May 15 AN Textile Mills Limited(ANTM)	11.87 ▲ 1.08 (10.01%)
Octopus Digital / May 15 Octopus Digital Limited(OCTOPUS)	52.09 ▲ 4.74 (10.01%)
Arctic Textile / May 15 Arctic Textile Mills Limited(ARCTM)	23.63 ▲ 2.15 (10.01%)
P.N.S.C / May 15 Pakistan National Shipping Corporation(PNSC)	285.03 ▲ 25.91 (10%)
Khyber Textile / May 15 Khyber Textile Mills Limited(KHYT)	1,075.94 ▲ 97.81 (10%)

Stock	Price
Tariq Corp.Pref. / May 15 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7.11 ▼ -1 (-12.33%)
Hussain Industries / May 15 Husein Industries Limited(HUSI)	26.37 ▼ -2.92 (-9.97%)
National Silk / May 15 The National Silk & Rayon Mills Limited(NSRM)	41.70 ▼ -4.51 (-9.76%)
TPL Life Insur. / May 15 TPL Life Insurance Limited(TPLL)	46.80 ▼ -4.5 (-8.77%)
Pak Engineering / May 15 Pakistan Engineering Company Limited(PECO)	656 ▼ -63.05 (-8.77%)
Supernet Tech. / May 15 Supernet Technologies Limited(STL)	730.33 ▼ -69.67 (-8.71%)
Tandlianwala Sugar / May 15 Tandlianwala Sugar Mills Limited(TSML)	152 ▼ -12.68 (-7.7%)
Sanghar Sugar / May 15 Sanghar Sugar Mills Limited(SANSM)	55.53 ▼ -4.41 (-7.36%)
Quetta Textile / May 15 Quetta Textile Mills Limited(QUET)	11.25 ▼ -0.89 (-7.33%)
Chashma / May 15 Chashma Sugar Mills Limited(CHAS)	62.23 ▼ -4.13 (-6.22%)

Stock	Volume
Pak Refinery / May 15 Pakistan Refinery Limited(PRL)	32,744,783 ▲ 1.89
K-Electric Ltd. / May 15 K-Electric Limited(KEL)	30,816,587 ▲ 0.21
Cnergyico PK / May 15 Cnergyico PK Limited(CNERGY)	29,480,613 ▲ 0.33
At-Tahur Ltd. / May 15 At-Tahur Limited(PREMA)	22,449,869 ▲ 3.22
Waves Corporation / May 15 Waves Corporation Limited(WAVES)	17,244,502 ▲ 0.26
Sui South Gas / May 15 Sui Southern Gas Company Limited(SSGC)	15,847,975 ▲ 0.65
Kohinoor Spining / May 15 Kohinoor Spinning Mills Limited(KOSM)	15,047,595 ▲ 0.11
B.O.Punjab / May 15 The Bank of Punjab(BOP)	11,523,147 ▲ 0.19
Pak Petroleum / May 15 Pakistan Petroleum Limited(PPL)	9,676,200 ▲ 4.09
Al-Shaheer Corp / May 15 Al Shaheer Corporation Limited(ASC)	9,000,031 ▲ 0.8

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