Trends - taxation - Business Recorder

taxation

Microsoft fights $29bn US back tax claim

WASHINGTON: The US Internal Revenue Service is asking that Microsoft pay a whopping $29 billion in unpaid taxes from...

Published 12 Oct, 2023 10:40am

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

World Bank for taxation of agri income, property

ISLAMABAD: The World Bank (WB) has recommended taxation of agricultural income and property, withdrawal of...

Updated 10 Oct, 2023 11:22am

FBR to field DTOs to identify new taxpayers

ISLAMABAD: The Federal Board of Revenue (FBR) plans to depute District Taxation Officers Inland Revenue across...

Updated 09 Oct, 2023 09:44am

Opinion

Immovable fixed asset valuation and equity formation

We know the influence the IMF brings to bear on central bankers and policy makers in the developing world and we ...

Published 21 Sep, 2023 07:02am

Opinion

Country needs structural reforms

This is apropos a Business Recorder op-ed “Broadening the tax net: A solution to taxation woes?” carried by the...

Published 11 Sep, 2023 06:32am

Technology

5G launch hamstrung by low handset and OFC penetration, other challenges

ISLAMABAD: Several challenges and impediments including low handset and optic fibre cable (OFC) penetration,...

Published 05 Sep, 2023 06:22am

PSW’s e-lab management system to integrate all govt labs

ISLAMABAD: The electronic lab management system of the Pakistan Single Window (PSW) will integrate all government...

Updated 03 Sep, 2023 09:36am

Business & Finance

Workshop on taxation organised at CBD Punjab Complex

LAHORE: In a bid to foster financial literacy and raise awareness about tax implications among its employees, Punjab...

Published 24 Aug, 2023 06:22am

Inter-company dividends: Govt may provide relief from multiple taxation

ISLAMABAD: The government is likely to provide relief from multiple taxes on inter-company dividends in the coming...

Updated 06 Jun, 2023 08:45am

Business & Finance

DG monitoring revenue collection drive

LAHORE: Director General Excise, Taxation and Narcotics Control Punjab Muhammad Ali has become active for the...

Published 01 May, 2023 03:28am

Business & Finance

Traders for reduction in ST rate, against double taxation

ISLAMABAD: Traders have proposed reducing the sales tax to single digit, phase wise, besides demanding that double...

Published 26 Apr, 2023 06:15am

Business & Finance

Aggressive taxation, high mark-up rate halted SMEs growth: SMEDA

LAHORE: Aggressive Taxation, harassment of tax departments, high mark-up rate and augmenting energy cost have ceased...

Published 14 Mar, 2023 03:18am

BR Research

Not done till it’s done

IMF review is not done. There are broad agreements on the fiscal and energy side. The IMF is not flexible—the...

Published 13 Feb, 2023 09:32am

FY24 budget: FBR invites proposals on income tax

ISLAMABAD: The income tax budget (2023-24) would focus on policy for taxation of real income, phasing out of tax...

Updated 08 Feb, 2023 09:12am

Opinion

Taxation of immovable property

The National Assembly through the Finance Act 2012 amended section 37(5) of the Income Tax Ordinance, 2001 [“the...

Updated 27 Jan, 2023 11:36pm

Business & Finance

FBR sees Rs1289bn tax gap for 2022

ISLAMABAD: The Federal Board of Revenue (FBR) has worked out overall tax gap of Rs1,289 billion during 2022, which...

Published 10 Jan, 2023 06:28am

Technology

Taxation-related issues of IT sector: FBR nominates IR Commissioners as focal persons

ISLAMABAD: The Federal Board of Revenue (FBR), for the first time, nominated Chief Commissioners (Inland Revenue) as...

Updated 03 Dec, 2022 11:52am

Immovable property tax issue: LHC summons FBR chairman, law secy

ISLAMABAD: The Lahore High Court (LHC) directed the Federal Board of Revenue (FBR) chairman and the Ministry of Law...

Updated 16 Nov, 2022 09:38am

BR Research

POS penetration: regulatory nudge needed!

Pakistan has a huge cash-based transaction market; transforming which into digital channels has immense advantages ...

Updated 09 Sep, 2022 11:51am

Markets

Miftah directs immediate meeting to consider SOEs declaring 'healthy dividends'

PSX hosts meeting with finance minister, who sets up three committees to coordinate on issues including interest rates, taxation, review of listings of DFIs among others

Updated 10 Aug, 2022 09:41am

Business & Finance

Electricity bills taxation: Miftah addresses business community concerns

Finance minister meets Markazi Tanzeem-e-Tajaran Pakistan

Published 01 Aug, 2022 04:08pm

Pakistan

In Twitter thread, economist Atif Mian highlights Pakistan's economic woes

Says Pakistan stands out in how poorly its median citizen fares on basic needs such as education and health, even when compared to countries with similar income per capita

Published 21 Jul, 2022 11:35pm

Opinion

The 2022-23 Annual Plan

The Annual Plan for 2022-23 has been presented by the Planning Commission. This plan comes at a critical time when...

Published 05 Jul, 2022 05:19am

Business & Finance

RCCI for ending double taxation, removing anomalies

RAWALPINDI: The business community has demanded that the double taxation and anomalies be removed from the fiscal...

Published 21 Jun, 2022 06:58am

Budget 2022-23

Rs440bn taxation measures taken

ISLAMABAD: The government has taken taxation measures of Rs440 billion and enforcement measures of Rs200 billion in...

Published 11 Jun, 2022 06:41am

Pakistan

Tax on banking sector enhanced to 42% from 39%, says Miftah while announcing budget proposals

Income tax threshold increased to Rs1.2m a year

Updated 11 Jun, 2022 02:16am

US raises taxation, other issues at TIFA talks

ISLAMABAD: The United States (US) on Monday raised issues related to taxation, transparency, good governance and...

Updated 08 Mar, 2022 10:03am

Editorials

Taxation: there’re two sides to every coin

EDITORIAL: Earlier this week, the information minister Fawad Chaudhry said that FBR (Federal Board of Revenue)...

Published 19 Feb, 2022 04:15am

Business & Finance

Business community rejects proposed ‘mini-budget’

PESHAWAR: Business community rejected the proposed Mini-budget, terming the taxation measures worth Rs 343 billion...

Published 03 Jan, 2022 06:42am

Gainers
Losers
Leaders

Stock	Price
Haseeb Waqas / Nov 30 Haseeb Waqas Sugar Mills Limited(HWQS)	10.38 ▲ 1.00 (10.66%)
Bela Auto / Nov 30 Bela Automotives Limited(BELA)	8.79 ▲ 0.81 (10.15%)
Dewan Sugar / Nov 30 Dewan Sugar Mills Limited(DWSM)	2.70 ▲ 0.21 (8.43%)
Sec. Inv. Bank / Nov 30 Security Investment Bank Limited(SIBL)	6.50 ▲ 0.46 (7.62%)
Bannu Woollen / Nov 30 Bannu Woollen Mills Limited(BNWM)	30.21 ▲ 2.11 (7.51%)
Chashma / Nov 30 Chashma Sugar Mills Limited(CHAS)	65.58 ▲ 4.58 (7.51%)
Crescent Steel / Nov 30 Crescent Steel & Allied Products Limited(CSAP)	43.53 ▲ 3.04 (7.51%)
IBL HealthCare / Nov 30 IBL HealthCare Limited(IBLHL)	39.95 ▲ 2.79 (7.51%)
Atlas Honda Ltd / Nov 30 Atlas Honda Limited(ATLH)	373.27 ▲ 26.04 (7.50%)
MithchellsFruit / Nov 30 Mitchells Fruit Farms Limited(MFFL)	245.32 ▲ 17.12 (7.50%)

Stock	Price
Nazir Cotton Mills / Nov 30 Nazir Cotton Mills Limited(NCML)	3.07 ▼ -0.83 (-21.28%)
Trust Mod. / Nov 30 Trust Modaraba(TRSM)	1.43 ▼ -0.17 (-10.63%)
Dar-es-Salaam / Nov 30 Dar-es-Salaam Textile Mills Limited(DSML)	8.30 ▼ -0.95 (-10.27%)
Trust Sec.& Brok. / Nov 30 Trust Securities & Brokerage Limited(TSBL)	9.06 ▼ -0.94 (-9.40%)
Jahangir Sidd(Pref) / Nov 30 Jahangir Sidd(Pref)(JSCLPSA)	8.51 ▼ -0.74 (-8.00%)
Ideal Sp. / Nov 30 Ideal Spinning Mills Limited(IDSM)	14.66 ▼ -1.19 (-7.51%)
AKD Hospitality / Nov 30 AKD Hospitality Limited(AKDHL)	159.28 ▼ -12.91 (-7.50%)
Blessed Tex. / Nov 30 Blessed Textiles Limited(BTL)	317.28 ▼ -25.72 (-7.50%)
Universal Network (GEM) / Nov 30 Universal Network Systems Limited (GEM)(GEMUNSL)	32.99 ▼ -2.67 (-7.49%)
Metro Steel / Nov 30 Metropolitan Steel Corporation Limited(MSCL)	21.37 ▼ -1.73 (-7.49%)

Stock	Volume
B.O.Punjab / Nov 30 The Bank of Punjab(BOP)	50,052,966 ▼ -0.21
Cnergyico PK / Nov 30 Cnergyico PK Limited(CNERGY)	35,689,157 ▼ -0.07
Pak Refinery / Nov 30 Pakistan Refinery Limited(PRL)	35,409,231 ▼ -0.13
Fauji Fert Bin / Nov 30 Fauji Fertilizer Bin Qasim Limited(FFBL)	32,650,500 ▲ 1.67
WorldCall Telecom / Nov 30 Worldcall Telecom Limited(WTL)	30,751,189 ▼ -0.01
Fauji Foods Ltd / Nov 30 Fauji Foods Limited(FFL)	30,039,307 ▲ 0.58
Kohinoor Spining / Nov 30 Kohinoor Spinning Mills Limited(KOSM)	23,573,500 ▼ -0.20
The Searle Co. / Nov 30 The Searle Company Limited(SEARL)	21,694,598 ▼ -0.38
Dewan Cement / Nov 30 Dewan Cement Limited(DCL)	21,032,000 ▲ 0.07
Fauji Cement / Nov 30 Fauji Cement Company Limited(FCCL)	15,482,500 ▲ 0.67

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 30	285.78
USD PKR Interbank Buying / Nov 30	285.23
USD to Japanese Yen / Nov 30	147.02
USD to Swiss Franc / Nov 30	0.87
Pound Sterling to USD / Nov 30	1.27
Euro to USD / Nov 30	1.10
UK LIBOR % / Nov 29	5.46

Stock	Volume
S&P 500 / Nov 29	4550.58
Nasdaq / Nov 29	14258.49
Dow Jones / Nov 29	35430.42
India Sensex / Nov 30	66809.11
Tokyo Nikkei / Nov 30	33486.89
Hang Seng / Nov 30	17042.88
FTSE 100 / Nov 30	7437.50
Germany DAX 30 / Nov 30	16203.24
France CAC40 / Nov 30	7279.08

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 29	17735
Gold 10 Grams PKR / Nov 29	185614
Crude Oil USD/Barrel / Nov 30	78.06
Gold Spot USD/Ounce / Nov 30	2044.28
Cotton US¢/pound / Nov 30	79.69

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