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Taxes

‘Inflated’ power bills, other issues: PPP senator says caretakers don’t have solutions

ISLAMABAD: Senator Quratulain Marri of the Pakistan People’s Party (PPP) has said the people are paying tax...

Published 02 Sep, 2023 06:30am

Pakistan

Karachi traders observe strike against hike in fuel prices, power tariffs

KARACHI: Traders on Friday marked a shutter-down strike across the megacity, demanding of the interim government a...

Published 02 Sep, 2023 06:30am

FBR launches automated system (portal) for taxpayers

ISLAMABAD: The Federal Board of Revenue (FBR), Friday, launched an automated system (portal) for taxpayers to obtain...

Updated 02 Sep, 2023 09:16am

Opinion

Revisiting economy’s direction

‘But putting growth at the center of economic policymaking is a mistake. While important, growth in the abstract ...

Published 01 Sep, 2023 05:41am

New version of ‘IRIS’: FBR asked to remove errors

ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to take corrective...

Updated 01 Sep, 2023 09:59am

Business & Finance

July-August: Rs24bn surge in revenue collection

ISLAMABAD: The Federal Board of Revenue (FBR) has provisionally collected Rs 1,207 billion during the first two...

Updated 01 Sep, 2023 09:10am

Opinion

It begins…

Why do you think the only thing to come out of emergency cabinet meetings – to do something about these protests...

Published 31 Aug, 2023 06:00am

Shamshad informs Senate body: No ‘fiscal space available’ for subsidies

ISLAMABAD: The members of the Senate Standing Committee on Finance demanded of the government to withdraw seven...

Updated 31 Aug, 2023 09:25am

FTO’s advice: FBR may introduce separate salary return form

ISLAMABAD: On the recommendations of the Federal Tax Ombudsman (FTO), the Federal Board of Revenue (FBR) is expected...

Updated 31 Aug, 2023 09:32am

SC moved against PPIB (amendment) Act

ISLAMABAD: The Supreme Court has been urged to declare the Private Power and Infrastructure Board (Amendment) Act,...

Updated 31 Aug, 2023 09:03am

Business & Finance

Non-resident companies: Income tax dept levying super tax in negation of double taxation treaties

LAHORE: The income tax department is allegedly levying supper tax in negation of the treaties for the avoidance of...

Updated 31 Aug, 2023 06:36am

Opinion

Addressing energy poverty

Pakistani citizens are grappling with the alarming reality of their energy expenses. The range is noted to hover...

Updated 29 Aug, 2023 07:03am

Final decision expected today: PM holds consultations on electricity bills

ISLAMABAD: The caretaker federal cabinet is expected to take the final decision today on the proposals of the...

Updated 29 Aug, 2023 09:11am

Editorials

Caretakers’ flawed approach to power bills

EDITORIAL: Spontaneous resistance to the July electricity bills, as opposed to a politically engineered resistance ...

Updated 29 Aug, 2023 06:40am

Business & Finance

Former BoI chief gives ‘road map’ to arrest economic slide

KARACHI: Former Chairman of Board of Investment (BoI) Muhammad Azfar Ahsan has given a roadmap to overcome the...

Published 29 Aug, 2023 06:01am

Power tariffs: caretakers capitulate?

Caretaker Prime Minister Anwaar-ul-Haq Kakar says concerned ministries and related institutions should provide details of the officers and institutions receiving free electricity

Updated 28 Aug, 2023 09:51am

FTO probe results in Rs2bn demand against NHA

ISLAMABAD: The investigation completed by Dr Asif Mahmood Jah Federal Tax Ombudsman (FTO) has resulted in huge tax...

Updated 28 Aug, 2023 09:48am

Business & Finance

Power bills: Miftah says IMF not likely to give any relief

ISLAMABAD: Former finance minister Miftah Ismail has claimed that without seeking permission from the International...

Published 28 Aug, 2023 06:27am

UoSC payment to NTDC: Tax dept issuing notices to Discos for not deducting WHT

LAHORE: The Income Tax department is issuing notices to the power distribution companies (Discos) for not deducting...

Updated 25 Aug, 2023 09:43am

President endorses FTO’s order against FBR

ISLAMABAD: President Arif Alvi has endorsed the order of the Federal Tax Ombudsman (FTO) against the Federal Board ...

Updated 25 Aug, 2023 09:13am

Business & Finance

Punjab govt adds two taxes to e-Pay Punjab

LAHORE: The Punjab government has added two taxes/levies to e-Pay Punjab, an online platform for the collection of...

Published 25 Aug, 2023 06:34am

Opinion

Petrol prices in India and Pakistan: the differential

The price of petrol is regulated in both India and Pakistan. It is sold at a price fixed by the governments of the...

Updated 24 Aug, 2023 10:31am

Non-recovery of tax demands from China-based co: FTO summons FBR officials to explain reasons

ISLAMABAD: The Federal Tax Ombudsman (FTO) has summoned member operations, Federal Board of Revenue (FBR), chief...

Updated 24 Aug, 2023 08:59am

Business & Finance

Multinational cigarette makers accused of creating misunderstanding about FED hike

ISLAMABAD: Capital Calling, a network of academic researchers and professionals, has stated that the government is...

Published 24 Aug, 2023 06:22am

Business & Finance

Sale of cigarettes below minimum price: PTC clarifies FBR’s enforcement action does not pertain to its operations

ISLAMABAD: The Pakistan Tobacco Company Limited (PTC) on Wednesday categorically clarified that the Federal Board of...

Published 24 Aug, 2023 06:22am

Markets

PSO’s profit plunges 90% in FY2022-23

Pakistan State Oil Company Limited’s (PSO) profit-after-tax (PAT) plunged nearly 90%, clocking in at Rs9.82 billion...

Updated 23 Aug, 2023 05:08pm

Opinion

Fiscal discipline key to reforms

Before Pakistan can embark on the long and tedious journey of structural reforms, fiscal discipline must be embraced...

Published 23 Aug, 2023 05:50am

Power sector grabs finance minister’s immediate attention

Caretaker Finance Minister Shamshad Akhtar visits Federal Board of Revenue to review progress so far on implementation of $3 billion Stand-by-Arrangement of the International Monetary Fund

Updated 22 Aug, 2023 10:06am

Opinion

Caretakers must ensure fiscal discipline

The last official document on the state of the economy prior to the end of the tenure of the eleven-party coalition...

Published 21 Aug, 2023 06:43am

Constraints hampering $15bn export potential of IT sector identified

ISLAMABAD: The Ministry of Information Technology and Telecommunications has identified several constraints...

Updated 21 Aug, 2023 08:31am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	278.52
USD PKR Interbank Buying / Apr 25	278.32
USD to Japanese Yen / Apr 25	155.60
USD to Swiss Franc / Apr 25	0.91
Pound Sterling to USD / Apr 25	1.25
Euro to USD / Apr 25	1.07

Stock	Volume
S&P 500 / Apr 24	5070.63
Nasdaq / Apr 24	15712.75
Dow Jones / Apr 24	38460.92
India Sensex / Apr 25	73780.80
Tokyo Nikkei / Apr 25	37628.48
Hang Seng / Apr 25	17264.90
FTSE 100 / Apr 25	8077.84
Germany DAX 30 / Apr 25	17994.97

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Petrol/Litre / Apr 25	293.94
Crude Oil USD/Barrel / Apr 25	83.02
Gold Spot USD/Ounce / Apr 25	2325.45
Diesel/Litre / Apr 25	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 25 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 25 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 25 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 25 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 25 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 25 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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