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Taxes

RTO Sargodha detects Rs23bn tax evasion

ISLAMABAD: A Withholding Zone of Regional Tax Office (RTO) Sargodha has effectively utilised the existing data and...

Published 16 Sep, 2024 06:08am

Section 122 (2) of ITO: ATIR reconciles apparently conflicting provisions

ISLAMABAD: In a landmark judgement, Appellate Tribunal Inland Revenue, Islamabad has reconciled the apparently...

Updated 16 Sep, 2024 09:01am

Opinion

All eyes on IMF’s $7bn EFF

The grant of subsidies and tax incentives by the government are two measures that never escape a reprimand by the...

Updated 14 Sep, 2024 07:58am

Inflation dip testament to prudent handling of economy: Aurangzeb

KARACHI: Federal Minister for Finance Muhammad Aurangzeb Friday said that significant measures were being...

Updated 14 Sep, 2024 02:34pm

Business & Finance

Explaining alternative dispute resolution (ADR)

General, 1. Dispute resolution is a preferred vehicle to settle cases where questions of facts or a composite...

Published 13 Sep, 2024 07:08am

Talks with IMF going well, PM tells Cabinet

ISLAMABAD: Prime Minister Shehbaz Sharif has assured his Cabinet colleagues that recent negotiations with the...

Updated 13 Sep, 2024 09:26am

Faulty returns: FBR proposes harsh enforcement steps

ISLAMABAD: The Federal Board of Revenue (FBR) has proposed harsh enforcement measures against the existing filers of...

Updated 13 Sep, 2024 09:14am

Business & Finance

CIR empowered to condone time-limits

ISLAMABAD: The Federal Board of Revenue (FBR) has empowered Commissioner-Inland Revenue (IR) to condone time-limits...

Published 13 Sep, 2024 06:13am

Editorials

IMF: New Programme could be last Programme

EDITORIAL: Federal Finance Minister Muhammad Aurangzeb speaking during the Senate session on Monday stated that if...

Published 11 Sep, 2024 06:31am

Business & Finance

‘Revenue drop is due to economic slowdown, less imports’

KARACHI: Chairman of the FPCCI Advisory Board and National Business Group Pakistan and the President of Pakistan...

Published 11 Sep, 2024 06:31am

Opinion

FBR revenue targets for 2024-25

The first two months of 2024-25 have already revealed serious problems with the overall and individual revenue...

Published 10 Sep, 2024 06:32am

New IMF programme going to be the last one if reforms put in place: Aurangzeb

ISLAMABAD: Finance Minister Muhammad Aurangzeb has said the new International Monetary Fund (IMF) programme would be...

Updated 10 Sep, 2024 08:50am

Opinion

An intriguing televised address

Federal Finance Minister Muhammad Aurangzeb, in a televised address to the nation this Tuesday past claimed that the...

Updated 09 Sep, 2024 07:59am

Refund cannot be blocked for pendency of tax reference: IHC

ISLAMABAD: The Islamabad High Court (IHC) has rejected an order passed by the Federal Tax Ombudsman (FTO) and ruled...

Updated 09 Sep, 2024 09:31am

BMP assails increase in power tariffs

LAHORE: The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel (BMP) has condemned the...

Updated 09 Sep, 2024 09:04am

Editorials

Tax revenue conundrum

EDITORIAL: As expected, the FBR (Federal Board of Revenue) is falling short of ambitious revenues targets in an...

Updated 09 Sep, 2024 07:47am

Perspectives

Mini budget in offing?: increase tax collection by respecting taxpayers

With each passing month, the government’s target to collect Rs12.97 trillion as Federal Board of Revenue’s (FBR)...

Updated 07 Sep, 2024 02:26pm

FBR amends Income Tax Rules: SOEs bound to approach ADRCs

ISLAMABAD: The state-owned enterprises have been bound to approach the alternate dispute resolution committees...

Updated 07 Sep, 2024 03:07pm

Editorials

How much borrowing is envisaged from where?

EDITORIAL: On 21 August 2024 Finance Minister Aurangzeb in a text message to a foreign news agency said “we are...

Published 07 Sep, 2024 06:59am

Opinion

Challenges before FBR’s new chairman

FBR (Federal Board of Revenue) has failed to meet original tax targets for the last six fiscal years, three of the...

Published 06 Sep, 2024 07:23am

Opinion

What sustainable macroeconomic stability?

The fall in inflation (to be precise CPI inflation) to single-digit in August –stood at 9.6 percent – meant that...

Updated 06 Sep, 2024 07:36am

Editorials

UN support for Global Tax Convention

EDITORIAL: The United Nations Framework Convention on International Tax Cooperation unveiled a draft during its ad...

Updated 06 Sep, 2024 07:39am

FBR amends Federal Excise Rules, 2005

ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday notified the Computerized Payment Receipt (CPR-FE) for...

Updated 06 Sep, 2024 09:23am

Fixed tax: Traders ready to pay Rs5,000 per month

Sources say traders' demand seems to be unrealistic and impractical to reduce the amount from Rs60,000 per month to Rs5,000 per month, but the FBR will find some way to resolve the issue

Updated 05 Sep, 2024 02:11pm

Business & Finance

Recovery of taxes: AGP unearths Rs737.868bn irregularities

ISLAMABAD: The Auditor General of Pakistan (AGP) has unearthed financial and procedural irregularities to the tune ...

Published 05 Sep, 2024 06:19am

Business & Finance

FPCCI says against any further increase in taxes

KARACHI: Atif Ikram Sheikh, President FPCCI, has unequivocally stated that FPCCI vociferously opposed any further...

Published 04 Sep, 2024 08:18am

Business & Finance

FBR digitalization: PM sets up 10-member task force

KARACHI: In a move to modernize the country’s tax system, Prime Minister Shahbaz Sharif has formed a task force...

Published 04 Sep, 2024 07:50am

Opinion

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 13	278.30
USD PKR Interbank Buying / Sep 13	278.03
USD to Japanese Yen / Sep 13	140.85
USD to Swiss Franc / Sep 13	0.85
Pound Sterling to USD / Sep 13	1.31
Euro to USD / Sep 13	1.11

Stock	Volume
S&P 500 / Sep 13	5,626.02
India Sensex / Sep 13	82,890.94
Tokyo Nikkei / Sep 13	36,581.76
Nasdaq / Sep 13	17,683.98
Hang Seng / Sep 13	17,369.09
FTSE 100 / Sep 13	8,273.09
Dow Jones / Sep 13	41,393.78
Germany DAX 30 / Sep 13	18,699.40

Item	Value
Crude Oil USD/Barrel / Sep 13	68.65
Karachi Cotton PKR/37.32 KG / Sep 13	18,735
Gold 10 Grams PKR / Sep 13	227,966
Gold Spot USD/Ounce / Sep 13	2,577.70
Cotton US¢/pound / Sep 13	69.82
Petrol/Litre / Sep 16	249.10

Gainers
Losers
Leaders

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

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

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

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