Trends - taxation - Business Recorder

taxation

Sky-High FED: Pulping Punjab’s Rural Economy

Developing agriculture value chains is the low-hanging fruit in Pakistan’s economy – especially the Punjab economy....

Published 21 May, 2024 09:07am

Business & Finance

FBR starts process of blocking mobile SIMs of non-filers

First batch comprising 5,000 non-filers has been communicated to telecom operators for disabling their mobile phone SIMs, board says

Updated 11 May, 2024 12:29am

Opinion

Transparency, taxation & reforms

Macroeconomic conditions have improved over the course of the program. Growth of 2 percent is expected in FY24 given...

Published 03 May, 2024 06:29am

Business & Finance

FTO advisor vows to redress taxpayers’ grievances

PESHAWAR: Sardar Ali Khwaja, Advisor to the Federal Tax Ombudsman (FTO) in Peshawar, reaffirmed the institution’s...

Published 29 Apr, 2024 04:49am

Business & Finance

Pending litigation cases: nearly 80% amount with Appellate Tribunal, Collectors/Commissioners (Appeal)

Contrary to what authorities would have you believe, an amount of nearly Rs2.88 trillion remained stuck in the...

Published 25 Apr, 2024 06:57pm

Business & Finance

Insurance products: SECP asks FBR to remove ‘multiple layers’ of taxation

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has recommended Federal Board of Revenue (FBR)...

Published 17 Apr, 2024 05:28am

Business & Finance

Fiscal trajectory: Expert underscores role of taxation

PESHAWAR: Muhammad Umair Zeb, a leading tax expert has underscored the pivotal role of taxation in shaping the...

Published 12 Feb, 2024 06:25am

RD on export of precious stones: SIFC panel asks FBR to share taxation procedures

ISLAMABAD: An inter-ministerial panel of the SIFC (Special Investment Facilitation Council) has asked the Federal...

Updated 30 Jan, 2024 09:47am

Technology

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 23	278.42
USD PKR Interbank Buying / May 23	278.22
USD to Japanese Yen / May 23	156.74
USD to Swiss Franc / May 23	0.91
Pound Sterling to USD / May 23	1.27
Euro to USD / May 23	1.08

Stock	Volume
S&P 500 / May 22	5307.01
Nasdaq / May 22	16801.54
FTSE 100 / May 22	8370.33
Dow Jones / May 22	39671.04
Germany DAX 30 / May 22	18680.20
France CAC40 / May 22	8092.11
India Sensex / May 23	74667.86
Tokyo Nikkei / May 23	39034.80

Item	Value
Gold 10 Grams PKR / May 22	212791
Petrol/Litre / May 23	273.10
Crude Oil USD/Barrel / May 23	76.94
Karachi Cotton PKR/37.32 KG / May 23	19935
Gold Spot USD/Ounce / May 23	2362.37
Diesel/Litre / May 23	274.08

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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