Trends - tax revenues - Business Recorder

tax revenues

More tax on luxury goods lauded

KARACHI: Imposing of 25% sales tax on the import and local supply Of luxury items is a wonderful step to discourage...

Updated 13 Mar, 2023 06:44pm

Business & Finance

Minister stresses need for consensus on economic revival

LAHORE: Emphasising the need for stability, unity and focus for an economic turnaround, Federal Minister for...

Published 12 Mar, 2023 05:55am

Opinion

Monetary-fiscal history of Latin America: lessons for Pakistan

Pakistan today suffers from significant macroeconomic instability, high inflation, a currency crisis and a risk of a...

Published 06 Mar, 2023 06:43am

Opinion

A reality-check desperately required

The damning indictment of Pakistan’s economic policies continues with the latest attack by Managing Director...

Published 27 Feb, 2023 06:17am

Opinion

The Finance (Supplementary) Bill 2023: a comment

General: The Finance Minister has laid Finance (Supplementary) Bill 2023 on the floor of the Parliament. (National...

Published 17 Feb, 2023 06:00am

First six months: Fiscal deficit swells to 2pc of GDP

ISLAMABAD: Fiscal deficit has been recorded at two per cent of the GDP or Rs1,683 billion during the first six ...

Updated 09 Feb, 2023 08:41am

Opinion

Strategy for resource mobilisation

The technical discussions in Islamabad on the ninth review of the IMF programme between the IMF staff and the...

Published 07 Feb, 2023 06:39am

Business & Finance

Pakistan: Economic Management Support: ADB’s IED rates tech assistance as successful, relevant

ISLAMABAD: The Independent Evaluation Department (IED) of the Asian Development Bank (ADB) has rated technical...

Published 12 Jan, 2023 05:51am

BR Research

Petroleum Levy: Target still out of reach

As Pakistan eagerly awaits the delayed IMF review, it is almost certain that it won’t come without the authorities...

Published 10 Jan, 2023 08:42am

Editorials

Expenditure must be curtailed

EDITORIAL: The government is in the throes of an acute dollar and rupee shortage (attributable to lack of fiscal...

Updated 10 Jan, 2023 06:42am

Opinion

‘Shortfall in revenues’

That noted economist Dr Hafiz A Pasha could turn any dry and drab talk into an erudite discussion is a fact. His...

Published 15 Dec, 2022 06:58am

Business & Finance

Canada posts C$1.72 billion surplus over six months

OTTAWA: Canada recorded a C$1.72 billion ($1.29 billion) budget surplus for the first six months of the 2022/23...

Published 26 Nov, 2022 04:13am

Opinion

The IMF report

Ever since the incumbent government came to power some four months ago, all roads lead to the IMF (International...

Published 10 Sep, 2022 04:14am

Opinion

Stop ‘subsidising’ banks and others

There are several indices that are used across the free world that rank individual countries on measures of economic...

Published 21 Jul, 2022 05:40am

Opinion

Domestic debt trap: an accountant’s perspective

I’m no economist per se. As an accountant, however, I’m deeply concerned at the steep hike of 150 basis points...

Updated 25 Nov, 2021 11:02am

Editorials

Harsh winter ahead?

EDITORIAL: Pakistan appears to be moving inexorably towards yet another winter of discontent with dimensions...

Updated 27 Oct, 2021 10:50am

BR Research

Talks with IMF: tick-tock?

No agreement has been reached with the IMF yet on resumption of the programme. The technical level discussions...

Published 18 Oct, 2021 07:25am

Opinion

Japan may sell more bonds to fund next PM Kishida's stimulus package

Japan's next Prime Minister Fumio Kishida may have little choice but to sell more government bonds to fund his...

Published 02 Oct, 2021 04:45am

Business

FBR forms committee for tax base expansion

LAHORE: The Federal Board of Revenue (FBR) has formed a committee for tax base expansion throughout integration of...

Published 28 Jul, 2021 04:45am

PM commends FBR for historic tax collection

ISLAMABAD: Prime Minister (PM) Imran Khan has commended the Federal Board of Revenue (FBR) for achieving tax ...

Published 03 Jul, 2021 03:19am

Opinion

Macro stresses begin to surface

Signs of building macro stress have started to show, especially in the external account. Rising global commodity...

Published 20 Jun, 2021 03:39am

Opinion

Fixing the dairy value chain

Pakistan produces more than 59.7 billion tons of milk annually, implying an annual market size of more than US$ 34...

Published 20 May, 2021 04:26am

Opinion

Revenue, health benefits of raising tobacco taxes

Raising tax revenues during the third wave of Covid-19 is a daunting task for the policymakers in Pakistan. There ...

Published 06 May, 2021 03:49am

Opinion

Budgetary framework in IMF programme

The IMF Programme which remained suspended for almost one year has become operational once again. Effectively the...

Published 20 Apr, 2021 04:00am

Business & Finance

Govt pledges to bring GST, PIT reforms in next budget

ISLAMABAD: Tax revenues, net of refunds, grew 12 percent on year to year while the government has pledged to the...

Updated 09 Apr, 2021 09:19am

Editorials

Freeing capital flows

EDITORIAL: One important element behind attracting investment is the ease with which capital enters and exits a...

Published 22 Jan, 2021 04:47am

BR Research

Spectrum auction: it’s about the price

To meet FY21 tax target of Rs5 trillion in tax revenues, the federal government needs to collect roughly Rs2.8...

Published 20 Jan, 2021 07:25am

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Mar 24 786 Investments Limited(786)	4.95 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Mar 24 Al-Abbas Sugar Mills Limited(AABS)	373.10 ▼ 0.00 (0.00%)
Agro Allianz / Mar 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Mar 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Mar 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Mar 24 Allied Bank Limited(ABL)	64.85 ▼ 0.00 (0.00%)
Abbott Lab. / Mar 24 Abbott Laboratories (Pakistan) Limited(ABOT)	399 ▼ 0.00 (0.00%)
Abson Ind. / Mar 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Mar 24 Alfalah Consumer Index ETF.(ACIETF)	6.72 ▼ 0.00 (0.00%)
Attock Cement / Mar 24 Attock Cement Pakistan Limited(ACPL)	58.87 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Mar 24 786 Investments Limited(786)	4.95 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Mar 24 Al-Abbas Sugar Mills Limited(AABS)	373.10 ▲ 0.00 (0.00%)
Agro Allianz / Mar 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Mar 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Mar 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Mar 24 Allied Bank Limited(ABL)	64.85 ▲ 0.00 (0.00%)
Abbott Lab. / Mar 24 Abbott Laboratories (Pakistan) Limited(ABOT)	399 ▲ 0.00 (0.00%)
Abson Ind. / Mar 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Mar 24 Alfalah Consumer Index ETF.(ACIETF)	6.72 ▲ 0.00 (0.00%)
Attock Cement / Mar 24 Attock Cement Pakistan Limited(ACPL)	58.87 ▲ 0.00 (0.00%)

Stock	Volume
Fauji Cement / Mar 24 Fauji Cement Company Limited(FCCL)	17,487,500 ▲ 0.00
WorldCall Telecom / Mar 24 Worldcall Telecom Limited(WTL)	11,071,860 ▲ 0.00
Thatta Cement / Mar 24 Thatta Cement Company Limited(THCCL)	9,211,500 ▲ 0.00
Fauji Foods Ltd / Mar 24 Fauji Foods Limited(FFL)	7,792,084 ▲ 0.00
Ghani Glo Hol / Mar 24 Ghani Global Holdings Limited(GGL)	5,968,150 ▲ 0.00
Telecard Limited / Mar 24 Telecard Limited(TELE)	5,558,000 ▲ 0.00
Hascol Petrol / Mar 24 Hascol Petroleum Limited(HASCOL)	4,387,500 ▲ 0.00
Meezan Bank / Mar 24 Meezan Bank Limited(MEBL)	3,700,308 ▲ 0.00
Cnergyico PK / Mar 24 Cnergyico PK Limited(CNERGY)	3,587,106 ▲ 0.00
Maple Leaf Cement / Mar 24 Maple Leaf Cement Factory Limited(MLCF)	3,522,701 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 22	285.50
USD PKR Interbank Buying / Mar 22	283.20
USD to Japanese Yen / Mar 23	130.66
USD to Swiss Franc / Mar 23	0.92
Pound Sterling to USD / Mar 23	1.23
Euro to USD / Mar 23	1.09
UK LIBOR % / Mar 22	4.56

Stock	Volume
S&P 500 / Mar 22	3936.97
Nasdaq / Mar 22	11669.96
Dow Jones / Mar 22	32030.11
India Sensex / Mar 23	58237.40
Tokyo Nikkei / Mar 23	27437.56
Hang Seng / Mar 23	19839.01
FTSE 100 / Mar 23	7523.56
Germany DAX 30 / Mar 23	15184.53
France CAC40 / Mar 23	7125.76

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 21	19235
Gold 10 Grams PKR / Mar 22	175068
Crude Oil USD/Barrel / Mar 23	70.15
Gold Spot USD/Ounce / Mar 23	1979.86
Cotton US¢/pound / Mar 23	78.84

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