Trends - Taxes - Business Recorder

Taxes

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

Only and only elections…

Here’s a scenario. The president doubles down on his deadline for the election, the supreme court agrees that it...

Published 21 Sep, 2023 06:08am

Business & Finance

Right to seek automated refunds: IHC issues notices to FBR chairman, others

ISLAMABAD: Islamabad High Court (IHC) has issued notices to Chairman Federal Board of Revenue and Chief Commissioner...

Updated 21 Sep, 2023 08:46am

BR Research

Banks’ entry into retail forex: need of the hour

Earlier this week, banks presidents had a meeting with finance minister, governor SBP, and a senior officer of an...

Updated 20 Sep, 2023 10:27am

Manual filers declared as active taxpayers by FBR

ISLAMABAD: Following intervention of the Federal Tax Ombudsman (FTO), the Federal Board of Revenue (FBR) has...

Updated 20 Sep, 2023 09:42am

Editorials

Financial account versus current account

EDITORIAL: The expectation during negotiations between the International Monetary Fund (IMF) and the government of...

Published 20 Sep, 2023 06:28am

Business & Finance

Payment of duties, taxes: All LTOs, MTOs and RTOs must stay open till 8pm on 30th: FBR

ISLAMABAD: The Federal Board of Revenue (FBR) has directed all Large Taxpayers Offices (LTOs), Medium Taxpayers...

Published 19 Sep, 2023 06:31am

Opinion

Private savings, govt dissaving: debt

Savings by an individual/householder or a government have different objectives and constraints and while a healthy...

Updated 18 Sep, 2023 07:33am

Opinion

Administrative crackdown: will it work?

The State’s crackdown against the smugglers and illegal currency traders has met with initial success. The fear...

Updated 18 Sep, 2023 07:40am

System errors in filing income tax returns, wealth statements irk taxpayers

ISLAMABAD: Taxpayers are facing different problems including technical issues/ errors in timely filing of income tax...

Updated 18 Sep, 2023 10:26am

Business & Finance

Govt urged to simplify taxation system

PESHAWAR: Sarhad Chamber of Commerce and Industry acting president Ijaz Khan Afridi urged the government and Federal...

Published 18 Sep, 2023 06:32am

Govt depts, hospitals, LG and defence institutions: Updated list of FTN recipients issued by FBR

FBR to take policy decision on the issuance of the FTNs to the govt authorities including local govt departments and Tehsil municipal authorities seeking tax exemptions

Updated 17 Sep, 2023 10:52pm

NPCs: Rate of return again revised upward to attract more investment

KARACHI: The federal government has revised the rate of return on the conventional Naya Pakistan Certificates (NPCs)...

Updated 15 Sep, 2023 09:56am

Broadening tax base: IT ministry to lend a helping hand to FBR

ISLAMABAD: The Ministry of IT and Telecommunication would fully assist the Federal Board of Revenue (FBR) in...

Updated 15 Sep, 2023 08:53am

FBR de-attaches bank accounts of PIA

ISLAMABAD: The Federal Board of Revenue (FBR) has de-attached the bank accounts of national flag carrier, PIA, on...

Updated 14 Sep, 2023 08:42am

Business & Finance

Only 50pc of SECP registered entities file tax returns

ISLAMABAD: A total of 50,000 companies are filing their annual income tax returns out of over 100,000 entities...

Updated 13 Sep, 2023 09:46am

Documentation requirements: Paperless environment not possible: FBR

ISLAMABAD: The Federal Board of Revenue (FBR) has said that a completely paperless environment for taxpayers is not...

Updated 13 Sep, 2023 08:55am

Domestic collection improvement: FBR presents strategy to Shamshad

ISLAMABAD: The Federal Board of Revenue (FBR), Tuesday, presented a plan before the Ministry of Finance to improve...

Updated 13 Sep, 2023 08:53am

Opinion

Tax expenditure as subsidy to elites: myth or reality?

In the last ten or so years, economic issues and tax collection by FBR has been brought increasingly under focus....

Published 12 Sep, 2023 06:51am

FBR ‘rues’ WHT deduction on mobile cards

ISLAMABAD: The Federal Board of Revenue (FBR) has criticised its policy of withholding tax deduction on mobile...

Updated 12 Sep, 2023 09:13am

Business & Finance

KTBA points out two more ‘glitches’ in FBR’s ‘IRIS 2.0’

KARACHI: Karachi Tax Bar Association (KTBA) has now highlighted two more glitches in an updated version of FBR’s...

Published 12 Sep, 2023 06:22am

Business & Finance

Speakers underscore need for abolishing distinction between filer and non-filer

ISLAMABAD: The speakers at the Pakistan Institute of Development Economics (PIDE) conference on Sunday said that the...

Published 11 Sep, 2023 07:21am

Opinion

Sales tax blues

Given rampant sales tax evasion and slowdown in consumer demand, the government is highly unlikely to meet its...

Published 11 Sep, 2023 06:32am

Business & Finance

Cut in taxes on real estate to help attract foreign investment: ICCI

ISLAMABAD: Ahsan Zafar Bakhtawari, President, Islamabad Chamber of Commerce and Industry (ICCI) has called upon the...

Published 11 Sep, 2023 06:32am

Editorials

Economic update and outlook for Aug

EDITORIAL: The Economic Update and Outlook for August 2023 uploaded on the Finance Division website ended as always...

Published 11 Sep, 2023 06:32am

Editorials

So much for track and trace

EDITORIAL: It seems we can’t go even a few days without receiving some sort of bad news from the tax and revenue...

Published 09 Sep, 2023 06:20am

Business & Finance

PIDE conference ‘Govt relies heavily on indirect taxes resulting in overwhelming collective revenues’

ISLAMABAD: Economists at a roundtable conference organised by the Pakistan Institute of Development Economics (PIDE)...

Published 08 Sep, 2023 06:01am

PM lays focus on tax reforms, sell-off process

Says increasing tax collection is the foremost priority of the government

Updated 07 Sep, 2023 09:51am

‘Inflated’ power bills: Obdurate IMF refuses to buy into govt data

Conveys its disagreement to the data provided by the federal government

Updated 05 Sep, 2023 10:03am

FTO summons senior FBR members for declaring manual income tax filers as inactive

ISLAMABAD: The Federal Tax Ombudsman (FTO) has summoned senior Federal Board of Revenue (FBR) members in an...

Updated 04 Sep, 2023 09:26am

Gainers
Losers
Leaders

Stock	Price
Aisha Steel(ConPS) / Sep 22 Aisha Steel(ConPS)(ASLPS)	10.17 ▲ 1.00 (10.91%)
First Elite Cap.Mod / Sep 22 First Elite Capital Modaraba(FECM)	3.20 ▲ 0.30 (10.34%)
HBL Invest Fund / Sep 22 HBL Investment Fund(HIFA)	1.65 ▲ 0.14 (9.27%)
Power Cem(Pref) / Sep 22 Power Cement (Pref)(POWERPS)	6 ▲ 0.50 (9.09%)
Symmetry Group / Sep 22 Symmetry Group Limited(SYM)	3.87 ▲ 0.29 (8.10%)
Pak Paper Prod / Sep 22 Pakistan Paper Products Limited(PPP)	44.53 ▲ 3.11 (7.51%)
Arpak Int. / Sep 22 Arpak International Investments Ltd.(ARPAK)	64.50 ▲ 4.50 (7.50%)
Pak Hotels / Sep 22 Pakistan Hotels Developers Limited(PHDL)	190.41 ▲ 13.28 (7.50%)
P.N.S.C / Sep 22 Pakistan National Shipping Corporation(PNSC)	159.67 ▲ 11.14 (7.50%)
Premium Textile / Sep 22 Premium Textile Mills Limited(PRET)	406.46 ▲ 28.36 (7.50%)

Stock	Price
The Searle Co. (R) / Sep 22 The Searle Company Limited (R)(SEARLR2)	0.13 ▼ -0.12 (-48.00%)
Trust Mod. / Sep 22 Trust Modaraba(TRSM)	1.25 ▼ -0.18 (-12.59%)
Jubilee Spinning / Sep 22 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	4.70 ▼ -0.60 (-11.32%)
Redco Textile / Sep 22 Redco Textiles Limited(REDCO)	5.65 ▼ -0.62 (-9.89%)
Equity Modaraba / Sep 22 First Equity Modaraba(FEM)	3 ▼ -0.30 (-9.09%)
AKD Hospitality / Sep 22 AKD Hospitality Limited(AKDHL)	126.37 ▼ -10.25 (-7.50%)
Dadex Eternit / Sep 22 Dadex Eternit Limited(DADX)	36.76 ▼ -2.98 (-7.50%)
JS Global Cap. / Sep 22 JS Global Capital Limited(JSGCL)	149.05 ▼ -12.08 (-7.50%)
Gammon Pak / Sep 22 Gammon Pakistan Limited(GAMON)	6.45 ▼ -0.37 (-5.43%)
Unilever Foods / Sep 22 Unilever Pakistan Foods Limited(UPFL)	20100 ▼ -1155.00 (-5.43%)

Stock	Volume
The Searle Co. (R) / Sep 22 The Searle Company Limited (R)(SEARLR2)	24,002,721 ▼ -0.12
Treet Corp / Sep 22 Treet Corporation Limited(TREET)	17,803,918 ▼ -0.08
Maple Leaf Cement / Sep 22 Maple Leaf Cement Factory Limited(MLCF)	15,196,347 ▲ 1.55
WorldCall Telecom / Sep 22 Worldcall Telecom Limited(WTL)	7,596,263 ▲ 0.01
Bankislami Pak. / Sep 22 BankIslami Pakistan Limited(BIPL)	6,775,527 ▲ 0.72
Unity Foods Ltd / Sep 22 Unity Foods Limited(UNITY)	6,691,541 ▲ 1.22
Pak Petroleum / Sep 22 Pakistan Petroleum Limited(PPL)	6,149,595 ▲ 0.90
TRG Pak Ltd / Sep 22 TRG Pakistan Limited(TRG)	5,004,040 ▲ 1.05
Symmetry Group / Sep 22 Symmetry Group Limited(SYM)	4,581,000 ▲ 0.29
TPL Properties / Sep 22 TPL Properties Limited(TPLP)	4,030,395 ▲ 0.10

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 21	292.95
USD PKR Interbank Buying / Sep 21	292.75
USD to Japanese Yen / Sep 21	147.57
USD to Swiss Franc / Sep 21	0.90
Pound Sterling to USD / Sep 21	1.23
Euro to USD / Sep 21	1.07
UK LIBOR % / Sep 20	5.44

Stock	Volume
S&P 500 / Sep 21	4330
India Sensex / Sep 21	66230.24
Tokyo Nikkei / Sep 21	32571.03
Nasdaq / Sep 21	13223.98
Hang Seng / Sep 21	17655.41
FTSE 100 / Sep 21	7678.62
Dow Jones / Sep 21	34070.42
Germany DAX 30 / Sep 21	15571.86
France CAC40 / Sep 21	7213.90

Item	Value
Karachi Cotton PKR/37.32 KG / Sep 20	19235
Gold 10 Grams PKR / Sep 20	186820
Crude Oil USD/Barrel / Sep 21	89.63
Gold Spot USD/Ounce / Sep 21	1920.08
Cotton US¢/pound / Sep 21	86.47

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