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Tax

Promotion of trade, tourism vital for sustainable economic uplift: president

PESHAWAR: President Dr Arif Alvi on Tuesday said promotion of trade, business and tourism was imperative for...

Published 10 Feb, 2021 04:12am

Opinion

Probe into Trump’s property dealings

As former US. President Donald Trump goes to trial this week in the Senate on charges of inciting the Jan. 6 Capitol...

Published 10 Feb, 2021 04:12am

FBR reviews fertilizer sector’s tax exemption proposal

ISLAMABAD: The Federal Board of Revenue (FBR) is reviewing a proposal of the fertiliser sector to grant exemption...

Published 10 Feb, 2021 04:12am

World

Luxembourg tax rules under fire after media probe

BRUSSELS: Luxembourg’s competitive tax rules hit the headlines on Monday, triggering renewed allegations that lax...

Published 09 Feb, 2021 04:43am

Pakistan

Status of FBR tribunals: Parliamentary panel seeks briefing from law ministry

ISLAMABAD: A parliamentary panel sought detailed briefing on the status of the Federal Board of Revenue (FBR)...

Updated 09 Feb, 2021 10:10am

Markets

Euronext wheat slightly lower

PARIS: Euronext wheat ended flat to slightly lower on Thursday, curbed by weakness in Chicago grain futures, while...

Published 07 Feb, 2021 04:07am

Business & Finance

Unilever profit hits 5.6bn euros in 'volatile' year

LONDON: Consumer goods group Unilever on Thursday said its net profit dipped to 5.6 billion euros last year as the...

Updated 05 Feb, 2021 11:46pm

Markets

Russia to introduce formula-based wheat export tax on June 2

MOSCOW: Russia is accelerating plans to switch to a formula-based tax on wheat exports, the economy minister said on...

Updated 05 Feb, 2021 11:47pm

Markets

Australia’s exporters weather China squall, find new harbours

SYDNEY: Australia’s trade surplus rose to a six-month high in December as iron ore exports to China easily...

Updated 05 Feb, 2021 11:47pm

Business & Finance

Fiscal Policy Statement January 2021

Introduction 1.1 On the assumption of office in August 2018, the present Government had to grapple with inherited...

Updated 05 Feb, 2021 11:48pm

Fiscal Policy Statement: Debt per capita, other challenges highlighted

ISLAMABAD: The federal government has identified adherence to budgetary targets, energy sector circular debt, ...

Published 05 Feb, 2021 04:53am

Business

Import of 52 fire fighting vehicles exempted from ST

ISLAMABAD: The Federal Board of Revenue (FBR) has exempted the import of 52 fire fighting vehicles from payment of ...

Published 04 Feb, 2021 04:13am

Opinion

The day of reckoning

When the good times are rolling very few have the foresight of seeing the storm around the corner. Whilst it takes...

Published 03 Feb, 2021 04:35am

Markets

European wheat falls to one week low

HAMBURG: European wheat futures fell to one-week lows on Monday, pressured by a fall in Chicago as US corn dropped...

Published 03 Feb, 2021 04:35am

Markets

Palm oil slumps 2pc

KUALA LUMPUR: Malaysian palm oil futures slumped over 2% on Tuesday as a steep drop in January exports stoked demand...

Published 03 Feb, 2021 04:35am

Business & Finance

Turkey raises special consumption tax on electric vehicles to 10-60%

It said that for vehicles with an engine power of up to 85 kilowatts (kW), it raised the tax to 10% from 3%, for vehicles with a power of between 85-120 kW to 25% from 7%.

Published 02 Feb, 2021 12:57pm

Business & Finance

Argentina says tax receipts up 46.6% year-on-year in January

This contributed to a rush of pent-up shipments in January, it said.

Published 02 Feb, 2021 10:13am

$15.7bn Apple tax judgment: EU claims court errors in bid to overturn

BRUSSELS: EU antitrust enforcers have claimed a court made legal errors when it scrapped their order for iPhone ...

Published 02 Feb, 2021 04:29am

Markets

Malaysian palm oil jumps 3pc

SINGAPORE: Malaysian palm oil rose for a third consecutive session to trade 3% higher on Friday, on...

Published 30 Jan, 2021 03:55am

Editorials

The taxation puzzle

EDITORIAL: In a webinar last week, Punjab Revenue Authority (PRA) chairman said that high rates of taxes remained ...

Published 29 Jan, 2021 04:55am

Business & Finance

Bank AL Habib Ltd posts Rs17.81bn profit after tax

KARACHI: The Board of Directors of Bank AL Habib Limited (the Bank) announced the Bank’s financial results for the...

Published 29 Jan, 2021 04:55am

Pakistan

FPCCI member slams unusual hike in cement, steel prices

KARACHI: Vice President of Federation of Pakistan Chambers of Commerce & Industry (FPCCI), Nasir Khan has...

Published 28 Jan, 2021 04:40am

FBR exempts WHT on import of 3,000MT of wheat

ISLAMABAD: The Federal Board of Revenue (FBR) has exempted withholding tax on the import of 300,000 Metric Tons of...

Published 27 Jan, 2021 04:59am

Editorials

C/A in deficit

EDITORIAL: Pakistan’s current account surplus, the continuing focus of Prime Minister Imran Khan as a major...

Published 27 Jan, 2021 04:59am

Pakistan

Inflation down to 6.4pc in December, expected to decrease further in coming months, Cabinet told

The participants were told that the exchange rate was stable whereas the country’s stock market was at the highest level after April 2018.

Published 26 Jan, 2021 11:13pm

Markets

Cairn Energy threatens to enforce arbitration award against Indian assets overseas

NEW DELHI: Cairn Energy has begun to take steps to identify Indian assets overseas against which it can enforce the...

Published 26 Jan, 2021 05:05am

Business & Finance

Gas moratorium will hit exports, investments and jobs: NBG chief

KARACHI: National Business Group (NBG) chairman and president of Pakistan Businessmen and Intellectuals Forum Mian...

Published 26 Jan, 2021 05:05am

Pakistan

Dr Firdous apprises media of Punjab cabinet meeting decisions

Dr Firdous said this programme would be completed by December 2021, adding that this initiative would reach at lower level in phases.

Published 26 Jan, 2021 12:13am

Opinion

The ‘myth’ of US democracy

Since the insurrection of January 6 which led to a violent attack on the US Capitol a common refrain has been: look...

Published 25 Jan, 2021 04:23am

Opinion

Restructuring the tax system — II

The PTI Government showed lack of political will to reduce exemptions, concessions, waivers and immunities to the...

Published 23 Jan, 2021 03:56am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 30	278.40
USD PKR Interbank Buying / Apr 30	278.20
USD to Japanese Yen / May 1	157.86
USD to Swiss Franc / May 1	0.92
Pound Sterling to USD / May 1	1.25
Euro to USD / May 1	1.07

Stock	Volume
S&P 500 / Apr 30	5035.69
India Sensex / Apr 30	74482.78
Nasdaq / Apr 30	15657.82
Hang Seng / Apr 30	17763.03
FTSE 100 / Apr 30	8144.13
Dow Jones / Apr 30	37815.92
Germany DAX 30 / Apr 30	17932.17
France CAC40 / Apr 30	7984.93

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 30	20535
Gold 10 Grams PKR / Apr 30	207390
Petrol/Litre / May 1	288.49
Crude Oil USD/Barrel / May 1	81.12
Gold Spot USD/Ounce / May 1	2288.39
Diesel/Litre / May 1	281.96

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 1 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 1 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 1 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 1 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 1 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 1 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 1 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 1 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 1 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 1 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 1 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 1 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 1 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 1 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 1 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 1 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 1 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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