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tax to GDP ratio

Tax gap touches Rs7.1trn mark: FBR says Rs389bn enforcement steps hinge on parliament nod

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial, Friday, disclosed before the National...

Published 14 Jun, 2025 06:59am

Budget 2025-26

Rs17.6trn FY26 Budget unveiled under the shadows of IMF conditions, US tariff tensions and war threat

Federal expenditure cut by a hefty 7%

Published 11 Jun, 2025 06:04am

Business & Finance

Improving tax-to-GDP ratio crucial to ease Pakistan debt burden: FBR official

Federal Board of Revenue (FBR) chief commissioner Aftab Alam said on Tuesday improving tax-to-GDP ratio was...

Published 20 May, 2025 09:18pm

Business & Finance

Pakistan’s tax-to-GDP ratio declines in FY2024–25, says think tank

ISLAMABAD: An economic thinktank has claimed that the tax-to-gross domestic product (GDP) ratio of the Federal Board...

Updated 20 May, 2025 08:52am

Budget 2025-26

OICCI seeks key tax reforms to increase tax-to-GDP ratio

KARACHI: The Overseas Investors Chamber of Commerce and Industry (OICCI) has released its recommendations for the...

Published 30 Apr, 2025 05:57am

PMO takes big step towards fueling economy

Directs ministries to take necessary actions on business community proposals

Updated 01 Apr, 2025 04:34pm

Editorials

A tax framework designed to fail

EDITORIAL: The country’s fundamentally flawed tax system has long undermined the business environment, slowed...

Published 28 Mar, 2025 06:24am

Budget 2025-26

FY26 Budget proposals: Businesses urge govt to gradually reduce GST rate

Pakistan Business Council recommends reduction in withholding taxes for exporters to minimise impact on cash flow of their business

Updated 25 Mar, 2025 09:30am

World Bank likely to approve additional IDA credit to PRR

$70 million in additional investment financing for the Federal Board of Revenue will support its new Transformation Plan

Updated 23 Mar, 2025 10:26pm

Opinion

Provincial revenue mobilisation

The previous article had focused on the overall fiscal performance of Provincial governments in the first six months...

Published 18 Mar, 2025 07:03am

Opinion

Fiscal performance of provincial govts

The information on fiscal operations by the four provincial governments in the first half of 2024-25 has been...

Updated 11 Mar, 2025 06:02am

Opinion

TPO: A test of reform

Pakistan’s taxation and trade enforcement systems remain highly inefficient. The Federal Board of Revenue (FBR) has...

Updated 04 Mar, 2025 06:58am

Opinion

IMF programme & our vulnerabilities

Pakistan’s economy has been perpetually struggling through recurrent turbulent phases, facing severe fiscal and...

Published 28 Feb, 2025 07:01am

Pakistan

Planning minister identifies major impediments to economic progress

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal, terming governance...

Published 27 Feb, 2025 07:52am

BR Research

Fiscal gains with pain

The fiscal consolidation continues. In 1HFY25, the government posted the lowest fiscal deficit as a percentage of...

Published 11 Feb, 2025 08:54am

Aurangzeb informs PBC: Tax policy unit to be relocated to MoF

ISLAMABAD: Finance Minister Muhammad Aurangzeb has conveyed to Pakistan Business Council (PBC) that the government...

Updated 28 Jan, 2025 03:10pm

Business & Finance

Aurangzeb lists steps to ease debt burden

DAVOS: Finance Minister Muhammad Aurangzeb on Wednesday said achieving sustainable development is Pakistan’s top...

Published 23 Jan, 2025 06:14am

Business & Finance

Have to convert stability into sustainable growth, says PM

KARACHI: Prime Minister Shehbaz Sharif, vowing to take forward the agenda of economic stabilization and reforms, on...

Updated 09 Jan, 2025 09:04am

Aurangzeb for bringing elite class into tax net

FAISALABAD: Federal Minister for Finance & Revenue Senator Muhammad Aurangzeb said on Sunday that the elite...

Updated 30 Dec, 2024 02:42pm

Editorials

Tax bill aimed at tightening noose

EDITORIAL: The bill to grant tax authorities sweeping powers to enforce compliance was tabled and is expected to ...

Updated 27 Dec, 2024 07:32am

Pakistan Revenue Automation Limited: Restructuring plan approved by ECC

Revenue Division/FBR briefs the forum that the Pakistan Revenue Automation Limited is a company to support the revenue automation function of the Federal Board of Revenue

Updated 27 Dec, 2024 03:28pm

Business & Finance

Pakistan’s top 5% earners liable to pay Rs1.6trn in taxes, says FBR chief

During press conference alongside finance minister, Langrial says income tax evasion happening at massive scale

Updated 26 Dec, 2024 10:53pm

Aurangzeb throws light on people’s approach to tax obligations

ISLAMABAD: Finance Minister Muhammad Aurangzeb, Tuesday, disclosed that people are ready to pay more money (tax),...

Updated 25 Dec, 2024 09:22am

Aurangzeb vows to overhaul tax machinery

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb has reiterated the government’s...

Updated 21 Dec, 2024 02:47pm

Tax rates can be reduced if revenue generated effectively: FBR chief

LAHORE: Chairman Federal Board of Revenue (FBR) Rashid Mahmood Langrial has agreed with Lahore Chamber of Commerce...

Updated 18 Dec, 2024 03:43pm

Business & Finance

BMP for raising tax-to-GDP ratio as collection shortfall likely to widen

LAHORE: The Federation of Pakistan Chambers of Commerce & Industry’s Businessmen Panel (BMP) on Sunday...

Published 09 Dec, 2024 07:23am

Editorials

Surcharge on fossil fuels

EDITORIAL: It’s been learnt that one of the key measures under consideration to increase the tax-to-GDP ratio, as...

Updated 17 Nov, 2024 06:07am

FBR assures IMF: Rs12.9trn revenue target will stay intact

Tax collection target of the FBR would not be revised downward for the current fiscal year, sources say

Updated 14 Nov, 2024 02:25pm

FBR will impose new surcharge on fossil fuels

ISLAMABAD: The Federal Board of Revenue (FBR) will impose a new surcharge on fossil fuels to generate additional...

Updated 09 Nov, 2024 02:59pm

Business & Finance

FBR’s efforts to stop tax leakages commendable

LAHORE: The government's recognition and efforts to curb tax evasion across the country are commendable; however,...

Published 01 Nov, 2024 08:08am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 20	283.77
USD PKR Interbank Buying / Jun 20	283.52
USD to Japanese Yen / Jun 20	146.09
USD to Swiss Franc / Jun 20	0.82
Pound Sterling to USD / Jun 20	1.35
Euro to USD / Jun 20	1.15
UK LIBOR % / Jun 20	4.96

Stock	Volume
S&P 500 / Jun 20	5,967.84
India Sensex / Jun 20	82,408.17
Tokyo Nikkei / Jun 20	38,403.23
Nasdaq / Jun 20	19,447.41
Hang Seng / Jun 20	23,530.48
FTSE 100 / Jun 20	8,774.65
Dow Jones / Jun 20	42,206.82
Germany DAX 30 / Jun 20	23,350.55
France CAC40 / Jun 20	7,589.66

Item	Value
Crude Oil USD/Barrel / Jun 20	74.93
Karachi Cotton PKR/37.32 KG / Jun 20	16,785
Gold 10 Grams PKR / Jun 20	306,069
Gold Spot USD/Ounce / Jun 20	3,368.39
Cotton US¢/pound / Jun 20	66.70
Petrol/Litre / Jun 21	258.43
Diesel/Litre / Jun 21	262.59

Gainers
Losers
Leaders

Stock	Price
The Thal Ind.Corp. / Jun 20 The Thal Industries Corporation Limited(TICL)	356 ▲ 40.99 (13.01%)
Faisal Sp. / Jun 20 Faisal Spinning Mills Limited(FASM)	313.91 ▲ 33.82 (12.07%)
First Elite Cap.Mod / Jun 20 First Elite Capital Modaraba(FECM)	33.53 ▲ 3.42 (11.36%)
Burj Clean Energy Modaraba / Jun 20 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.90 ▲ 1 (11.24%)
Crescent Fib. / Jun 20 Crescent Fibres Limited(CFL)	50.25 ▲ 5 (11.05%)
Hala Enterprise / Jun 20 Hala Enterprises Limited(HAEL)	25.43 ▲ 2.33 (10.09%)
Shams Textile / Jun 20 Shams Textile Mills Limited(STML)	31.52 ▲ 2.87 (10.02%)
Rupali polyester / Jun 20 Rupali Polyester Limited(RUPL)	24.61 ▲ 2.24 (10.01%)
Leather Up Ltd. / Jun 20 Leather Up Limited(LEUL)	39 ▲ 3.55 (10.01%)
Macter Int. Ltd / Jun 20 Macter International Limited(MACTER)	621.82 ▲ 56.53 (10%)

Stock	Price
Mahanna Islamic Index / Jun 20 Mahanna Islamic Index Traded Fund(MIIETF)	12.92 ▼ -2.14 (-14.21%)
Sindh Abadgar / Jun 20 Sindh Abadgar's Sugar Mills Limited(SASML)	61.07 ▼ -7.82 (-11.35%)
Nets Internat.Comm. / Jun 20 Nets International Communication Limited(GEMNETS)	41 ▼ -4.9 (-10.68%)
Shadman Cotton / Jun 20 Shadman Cotton Mills Limited(SHCM)	50.28 ▼ -5.59 (-10.01%)
PIA Holding Co.B / Jun 20 PIA Holding Company Limited B(PIAHCLB)	11,153.83 ▼ -1239.27 (-10%)
Pakgen Power / Jun 20 Pakgen Power Limited(PKGP)	173.06 ▼ -19.23 (-10%)
Sardar Chemical / Jun 20 Sardar Chemical Industries Limited(SARC)	56.21 ▼ -6.24 (-9.99%)
Int. Knit. / Jun 20 International Knitwear Limited(INKL)	20.18 ▼ -2.23 (-9.95%)
Ist.Capital Sec / Jun 20 First Capital Securities Corporation(FCSC)	2.49 ▼ -0.27 (-9.78%)
Calcorp Ltd / Jun 20 Calcorp Limited(CASH)	40.61 ▼ -4.39 (-9.76%)

Stock	Volume
WorldCall Telecom / Jun 20 Worldcall Telecom Limited(WTL)	42,791,268 ▼ -0.04
TRG Pak Ltd / Jun 20 TRG Pakistan Limited(TRG)	26,664,589 ▼ -4.92
Pervez Ahmed Consultancy / Jun 20 Pervez Ahmed Consultancy Services Ltd.(PASL)	25,526,681 ▼ -0.26
Yousuf Weaving / Jun 20 Yousaf Weaving Mills Limited(YOUW)	24,497,580 ▲ 0.29
K-Electric Ltd. / Jun 20 K-Electric Limited(KEL)	14,445,689 ▲ 0.08
Sui South Gas / Jun 20 Sui Southern Gas Company Limited(SSGC)	13,554,568 ▼ -0.06
Ist.Capital Sec / Jun 20 First Capital Securities Corporation(FCSC)	9,805,036 ▼ -0.27
Dewan Cement / Jun 20 Dewan Cement Limited(DCL)	9,257,161 ▼ -0.86
Invest Bank / Jun 20 Invest Capital Investment Bank Limited(ICIBL)	8,867,595 ▼ -0.26
Pak Refinery / Jun 20 Pakistan Refinery Limited(PRL)	8,518,206 ▲ 0.01

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