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tax system

PBF for simplification of tax system

KARACHI: Pakistan Business Forum (PBF) has recommended the federal government to simplify the tax system to reduce...

Published 22 May, 2024 05:54am

Govt eyeing new steps to achieve Rs1trn plus taxation

Budget makers are considering further increasing difference of withholding tax rates between filers and non-filers of returns

Updated 20 May, 2024 07:05pm

Business & Finance

Digitalisation of tax system: Contract signed with McKinsey

ISLAMABAD: Finance Minister Muhammad Aurangzeb Friday said the digital transformation is a key priority for the...

Published 11 May, 2024 06:22am

Opinion

Transforming FBR

In the light of dynamic shifts in business and advancements in technology, it is opportune for the Federal Board of...

Published 10 May, 2024 04:17am

Editorials

Listen to plastic bag manufacturers

EDITORIAL: Finance Minister Muhammad Aurangzeb would do well to listen to the Polypropylene Woven Sack Manufacturers...

Published 30 Mar, 2024 04:58am

Business & Finance

Digitalization of tax system: FBR cuts deal with Karandaaz

ISLAMABAD: The Federal Board of Revenue (FBR) has entered into an agreement with Karandaaz Pakistan for the...

Published 16 Mar, 2024 06:26am

Business & Finance

Digitalisation of tax system: PSMA for QR Code printed polypropylene bags

ISLAMABAD: The new government needs to replace printed paper stamps for the sugar industry under the Track and Trace...

Published 16 Mar, 2024 06:26am

Digitization of tax system top priority: finance minister

ISLAMABAD: Federal Minister for Finance and Revenue Muhammad Aurangzeb on Wednesday conveyed to the Federal Board of...

Updated 14 Mar, 2024 08:47am

Caretakers to do only groundwork

ISLAMABAD: The caretaker government has decided that in view of its constitutional and legal mandate, it would only...

Updated 04 Feb, 2024 09:52am

Opinion

Rising again

Confucius said, “Our greatest glory is not in never falling, but in rising every time we fall.” We find ...

Updated 01 Nov, 2023 06:32am

New circular of FBR raises eyebrows

KARACHI: Karachi Tax Bar Association (KTBA) has raised concerns about a new circular introduced by the Federal Board...

Updated 12 Oct, 2023 08:42am

Shamshad-led task force to introduce tax reforms

ISLAMABAD: A task force has been formed for tax reforms, and caretaker Finance Minister Dr Shamshad Akhtar has been...

Updated 29 Sep, 2023 03:01pm

Business & Finance

Tax system being digitised under reform process: PM

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar Thursday stated the country’s tax system is being digitised...

Updated 08 Sep, 2023 09:22am

Editorials

Tax proposals by the IMF

EDITORIAL: The $3 billion nine-month-long Stand-By Arrangement (SBA) approved by the International Monetary Fund...

Updated 25 Jul, 2023 06:49am

IMF raises serious objections over budget 2023-24

ISLAMABAD: The International Monetary Fund (IMF) has raised serious objections over the budget for fiscal year...

Published 15 Jun, 2023 06:03am

Opinion

Budget-2023-24: Yet another ritualistic exercise

Majority of the Pakistanis are going to be dejected after hearing the second budget of the outgoing alliance...

Updated 09 Jun, 2023 07:00am

Business & Finance

FPCCI advocates ‘industrial amnesty scheme’

KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has suggested that the government...

Published 06 Jun, 2023 05:33am

Opinion

‘Learning From Others’–I

This writer has borrowed the title for his article from the autobiography of Syed Babar Ali titled ‘Learning From...

Updated 23 May, 2023 06:47am

Business & Finance

FPCCI calls for simplification of tax system

PESHAWAR: Regional Coordinator, Federation of Pakistan Chamber of Commerce & Industry (FPCCI), Sartaj Ahmad Khan...

Published 23 Jan, 2023 05:57am

Business & Finance

Revenue Div allowed to publish tax directory of MPs for 2020

ISLAMABAD: The federal cabinet has allowed the Revenue Division to publish the tax directory of parliamentarians for...

Updated 19 Jan, 2023 08:38am

Business & Finance

KP traders call for steps to simplify tax system, broaden tax base

PESHAWAR: Traders community in Khyber Pakhtunkhwa demanded the government and Federal Board of Revenue (FBR) to take...

Published 19 Dec, 2022 06:00am

Expert for enforcing tax writ firmly

ISLAMABAD: Former chairman Federal Board of Revenue (FBR) Shabbar Zaidi categorically said that the government has ...

Updated 29 Aug, 2022 09:47am

Business & Finance

KP traders call for simpler tax system

PESHAWAR: KP business community blamed the present cumbersome procedures and documentation process as the main ...

Published 25 Aug, 2022 06:08am

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

Opinion

A programme for economic prosperity

The answer to Pakistan’s dilemma must rely almost exclusively on the intrinsic resources and the people of...

Published 26 May, 2022 05:26am

Business & Finance

Proposals for budget: OICCI for simplification of tax system

ISLAMABAD: Overseas Investors Chamber of Commerce and Industry (OICCI) has proposed to the government to simplify ...

Updated 15 May, 2022 08:30am

Presentation to PM being finalised by FBR

ISLAMABAD: The Federal Board of Revenue (FBR) will brief Prime Minister Shehbaz Sharif on the revenue...

Updated 13 Apr, 2022 10:24am

OICCI urges FBR to simplify tax system

ISLAMABAD: The Overseas Investors Chamber of Commerce and Industry (OICCI) has urged the Federal Board of Revenue...

Updated 31 Mar, 2022 10:13am

Opinion

FBR — making tax digital and beyond—I

For the first time in the history of the country FBR is keeping pace with changes taking place on the tax landscape...

Updated 28 Jan, 2022 06:02am

Editorials

Removal of distortions

EDITORIAL: Dr Muhammad Ashfaq, Chairman Federal Board of Revenue (FBR), while briefing the Senate Standing Committee...

Updated 10 Jan, 2022 09:14am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 22	278.62
USD PKR Interbank Buying / May 22	278.42
USD to Japanese Yen / May 22	156.82
USD to Swiss Franc / May 22	0.92
Pound Sterling to USD / May 22	1.27
Euro to USD / May 22	1.08

Stock	Volume
S&P 500 / May 22	5307.01
India Sensex / May 22	74221.06
Tokyo Nikkei / May 22	38876.82
Nasdaq / May 22	16801.54
Hang Seng / May 22	19024.41
FTSE 100 / May 22	8370.33
Dow Jones / May 22	39671.04
Germany DAX 30 / May 22	18680.20

Item	Value
Crude Oil USD/Barrel / May 22	76.88
Karachi Cotton PKR/37.32 KG / May 22	19935
Gold 10 Grams PKR / May 22	212791
Gold Spot USD/Ounce / May 22	2371.48
Cotton US¢/pound / May 22	79
Petrol/Litre / May 23	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 23 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 23 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 23 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 23 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 23 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 23 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 23 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 23 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 23 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 23 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 23 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 23 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 23 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 23 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 23 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 23 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 23 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 23 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 23 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 23 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 23 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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