Trends - Tax - Business Recorder

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اردو

Apr 18, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Tax

‘Sugar Commission Report’: FTO approaches FBR for speedy implementation

‘Sugar Commission Report’: FTO approaches FBR for speedy implementation

ISLAMABAD: The Federal Tax Ombudsman (FTO) has approached the Federal Board of Revenue (FBR) for speedy...

Published 19 Mar, 2021 05:32am

Recouping tax losses judiciously — III

Opinion

Recouping tax losses judiciously — III

The tax system that will work smoothly for Pakistan, keeping in view our peculiar socio-economic circumstances and...

Published 18 Mar, 2021 03:56am

Govt seeks to replicate tax incentives available to BD exporters

Pakistan

Govt seeks to replicate tax incentives available to BD exporters

ISLAMABAD: The government is exploring the possibility of replicating some major tax incentives, concessions,...

Published 17 Mar, 2021 04:45am

Tax exemptions withdrawal bill: an expert opinion

Opinion

Tax exemptions withdrawal bill: an expert opinion

General A commentary on the economic and financial rationale for the actions proposed to be undertaken by way of...

Published 17 Mar, 2021 04:45am

PM for putting in place ‘track, trace system’ to counter tax evasion

Print

PM for putting in place ‘track, trace system’ to counter tax evasion

ISLAMABAD: Prime Minister Imran Khan on Tuesday underlined the need for putting in place the track and trace system...

Updated 17 Mar, 2021 09:45am

Peshawar RTO officials asked to perform better

Pakistan

Peshawar RTO officials asked to perform better

PESHAWAR: Member, Inland Revenue–Operations, Federal Board of Revenue, Dr Muhammad Ashfaq Ahmed here on Monday...

Published 16 Mar, 2021 04:43am

Tax exemptions - mixed signals

Opinion

Tax exemptions - mixed signals

A money bill (amendments in Income Tax Ordinance) is making rounds over social media. Initially-proposed by the...

Published 14 Mar, 2021 04:13am

Certain conditions spelt out: IT services to be allowed 100pc tax credit: Tola

Print

Certain conditions spelt out: IT services to be allowed 100pc tax credit: Tola

ISLAMABAD: The 100 percent tax credit would be allowed to the IT services or IT-enabled services after fulfillment ...

Published 14 Mar, 2021 04:13am

Nine sectors/industries: Reduced rates of income tax to be withdrawn

Print

Nine sectors/industries: Reduced rates of income tax to be withdrawn

ISLAMABAD: The government has decided to withdraw reduced rates of income tax applicable on nine different...

Published 13 Mar, 2021 04:28am

Plant, machinery: Govt plans to abolish ‘first year allowance’

Print

Plant, machinery: Govt plans to abolish ‘first year allowance’

ISLAMABAD: The government is planning to abolish 'first year allowance' available on the plant, machinery and...

Published 13 Mar, 2021 04:28am

MoU inked with CAP: FBR forms bodies to oversee Tier-1 retailers’ integration

Print

MoU inked with CAP: FBR forms bodies to oversee Tier-1 retailers’ integration

ISLAMABAD: In pursuance of the Memorandum of Understating (MOU) signed between the Federal Board of Revenue (FBR) ...

Published 13 Mar, 2021 04:28am

Oil marketing companies: IPI asks govt to review turnover tax

Business & Finance

Oil marketing companies: IPI asks govt to review turnover tax

ISLAMABAD: A think tank Islamabad Policy Institute has asked the government to review the turnover tax on the oil...

Published 13 Mar, 2021 04:28am

Erdogan unveils economic reform plan

Business & Finance

Erdogan unveils economic reform plan

ISTANBUL: Turkish President Recep Tayyip Erdogan on Friday unveiled a long-promised economic reform package that he...

Published 13 Mar, 2021 04:28am

On global digital tax

BR Research

On global digital tax

For years now, developed countries have been divided over how to regulate the big tech. Whether and how to tax...

Published 12 Mar, 2021 07:40am

Telecom sector gets status of industry thru relief package

Print

Telecom sector gets status of industry thru relief package

• Govt decides to increase IT exports to $5bn by 2023 ISLAMABAD: The government Thursday announced a...

Updated 12 Mar, 2021 10:08am

Sustainable Development Goals: Higher broadband connectivity, financial resources needed: Munir

Pakistan

Sustainable Development Goals: Higher broadband connectivity, financial resources needed: Munir

ISLAMABAD: Pakistan’s Permanent Representative to the United Nations Munir Akram Thursday said developing Islamic...

Updated 12 Mar, 2021 10:07am

Recouping tax losses judiciously — I

Opinion

Recouping tax losses judiciously — I

“Judicial overreach is when the judiciary starts interfering with the proper functioning of the legislative or...

Published 12 Mar, 2021 05:10am

Tax disputes: FBR constitutes 18 ADRCs

Business

Tax disputes: FBR constitutes 18 ADRCs

ISLAMABAD: The Federal Board of Revenue (FBR) has constituted 18 Alternative Dispute Resolution Committees (ADRCs) ...

Published 12 Mar, 2021 05:10am

100pc tax credit facility to charitable bodies: Govt plans to introduce new procedure

Business

100pc tax credit facility to charitable bodies: Govt plans to introduce new procedure

ISLAMABAD: The government is planning to introduce a new procedure to provide 100 percent tax credit facility to the...

Published 12 Mar, 2021 05:10am

Taxpayers must update profiles by Mar 31st deadline: FBR

Print

Taxpayers must update profiles by Mar 31st deadline: FBR

ISLAMABAD: The Federal Board of revenue (FBR) Wednesday intimated taxpayers that the statutory deadline for...

Published 11 Mar, 2021 05:25am

KPRA collects Rs13.97bn in eight months

Business

KPRA collects Rs13.97bn in eight months

PESHAWAR: The Khyber Pakhtunkhwa Revenue Authority (KPRA) collected Rs 13.97 billion from July 2020 to February 2021...

Published 11 Mar, 2021 05:25am

Ease-of-doing business: Various laws, rules negatively hitting Pakistan’s ranking: FPCCI

Business & Finance

Ease-of-doing business: Various laws, rules negatively hitting Pakistan’s ranking: FPCCI

KARACHI: Advisory Council of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on budget finds...

Published 11 Mar, 2021 05:25am

FBR clarifies

Business

FBR clarifies

ISLAMABAD: Federal Board of Revenue (FBR) has clarified news circulating on social media about a proposal to ...

Published 11 Mar, 2021 05:25am

FBR clarifies position on tax exemption of computer, IT services exports

Pakistan

FBR clarifies position on tax exemption of computer, IT services exports

It said that this exemption was subject to condition that 80% of the export earnings were remitted to Pakistan through normal banking channel.

Updated 11 Mar, 2021 12:49am

FPCCI for allowing 100pc adjustment of input tax by removing discrepancy

Pakistan

FPCCI for allowing 100pc adjustment of input tax by removing discrepancy

President FPCCI said that this restriction not only restrains the taxpayer to claim its legitimate input tax.

Published 10 Mar, 2021 07:43pm

BankIslami reports highest-ever profitability in 2020

Pakistan

BankIslami reports highest-ever profitability in 2020

KARACHI: BankIslami has reported it's highest-ever profitability during financial year 2020. Profit after tax closed...

Updated 10 Mar, 2021 09:50am

Elections: PM for use of technology to ensure greater transparency

Print

Elections: PM for use of technology to ensure greater transparency

ISLAMABAD: Prime Minister Imran Khan on Tuesday expressed resolve to use technology to ensure transparency in the...

Updated 10 Mar, 2021 09:45am

Fata, Pata: AISMA seeks amendments to tax exemption rules

Print

Fata, Pata: AISMA seeks amendments to tax exemption rules

KARACHI: Steel merchants have proposed amendments to the rules of tax exemptions facilities available to the...

Updated 10 Mar, 2021 09:48am

Humayun Bashir re-elected NCCPL chairman

Business & Finance

Humayun Bashir re-elected NCCPL chairman

KARACHI: Humayun Bashir has been re-elected Chairman of the Board of Directors of National Clearing Company of...

Published 10 Mar, 2021 04:59am

Business community hails Govt decision to reduce turnover tax and WHT to 0.25 percent for high-volume sector

Pakistan

Business community hails Govt decision to reduce turnover tax and WHT to 0.25 percent for high-volume sector

He urged FBR to rationalize tax rates in consultation with chambers of commerce and Industry and other trade bodies.

Published 09 Mar, 2021 07:03pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 17	278.60
USD PKR Interbank Buying / Apr 17	277.40
USD to Japanese Yen / Apr 17	154.32
USD to Swiss Franc / Apr 17	0.91
Pound Sterling to USD / Apr 17	1.25
Euro to USD / Apr 17	1.07

Stock	Volume
S&P 500 / Apr 17	5022.21
India Sensex / Apr 17	72943.68
Tokyo Nikkei / Apr 17	37961.80
Nasdaq / Apr 17	15683.37
Hang Seng / Apr 17	16251.84
FTSE 100 / Apr 17	7847.99
Dow Jones / Apr 17	37735.31
Germany DAX 30 / Apr 17	17770.02

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 16	21735
Crude Oil USD/Barrel / Apr 17	82.84
Gold 10 Grams PKR / Apr 17	215964
Gold Spot USD/Ounce / Apr 17	2366.21
Cotton US¢/pound / Apr 17	81.33
Petrol/Litre / Apr 18	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 18 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 18 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 18 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 18 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 18 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 18 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 18 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 18 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 18 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 18 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 18 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 18 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 18 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 18 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 18 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 18 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 18 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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World Bank, Pakistan agree on need for 10-year rolling country framework plan: Finance Division

World Bank, Pakistan agree on need for 10-year rolling country framework plan: Finance Division

NJLI Sarmaya Growth Fund Rates

Saudi Arabia agrees to build strong partnership

Saudi Arabia agrees to build strong partnership

24.8pc inflation forecast: IMF projects 2pc growth

24.8pc inflation forecast: IMF projects 2pc growth

Dhaka-based Bank Asia looks to acquire Bank Alfalah Bangladesh

Dhaka-based Bank Asia looks to acquire Bank Alfalah Bangladesh

Rupee again sees marginal decline against US dollar

Rupee again sees marginal decline against US dollar

Rising capacity payments: EVs to the rescue

Rising capacity payments: EVs to the rescue

Riyadh eyes significant investment in Pakistan: Saudi FM

Riyadh eyes significant investment in Pakistan: Saudi FM

Surge in remittances

Surge in remittances

Govt increases petrol price by Rs4.53, takes it to Rs293.94 per litre

Govt increases petrol price by Rs4.53, takes it to Rs293.94 per litre

Pakistan and IMF discussing new multi-billion-dollar programme, finance minister says

Pakistan and IMF discussing new multi-billion-dollar programme, finance minister says

Gold price per tola increases Rs800 in Pakistan

Gold price per tola increases Rs800 in Pakistan

NJLI Sarmaya Growth Fund Rates

Global lender recommends tax policy reforms

Global lender recommends tax policy reforms

World Bank quantifies Pakistan’s financing needs

World Bank quantifies Pakistan’s financing needs

Gold hits another all-time high, is now near Rs250,000 per tola in Pakistan

Gold hits another all-time high, is now near Rs250,000 per tola in Pakistan

Rupee records further decline against US dollar

Rupee records further decline against US dollar

Pakistan’s extreme energy poverty

Pakistan’s extreme energy poverty

NJLI Sarmaya Growth Fund Rates

Deemed income tax on ownership of vacant plot incorrect–I

Deemed income tax on ownership of vacant plot incorrect–I

Retreat from record high: gold price per tola decreases Rs1,100 in Pakistan

Retreat from record high: gold price per tola decreases Rs1,100 in Pakistan

Wheat set for a good harvest

Wheat set for a good harvest

Iran's military officials warn Israel and US against retaliation

Iran's military officials warn Israel and US against retaliation

Pakistan’s ‘Nazuk Mor’ is a Harvard Business School case study

Pakistan’s ‘Nazuk Mor’ is a Harvard Business School case study

Saudi Arabia likely to invest up to $1bn in Reko Diq Copper-Gold project

Saudi Arabia likely to invest up to $1bn in Reko Diq Copper-Gold project

Adversarial elements: COAS urges stakeholders to remain vigilant

Adversarial elements: COAS urges stakeholders to remain vigilant

Niger and China sign crude oil MOU worth $400mn

Niger and China sign crude oil MOU worth $400mn