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Taxes

Govt hopeful about IMF relaxations

• Economic Survey 2020-21 released ISLAMABAD: Expressing the government’s resolve to consolidate and build on...

Published 11 Jun, 2021 03:41am

Business & Finance

Budget 2021-22: FBR estimates it will collect Rs127bn taxes from tobacco industry

ISLAMABAD: The Federal Board of Revenue (FBR) has estimated to collect Rs127 billion taxes from the tobacco industry...

Published 11 Jun, 2021 03:41am

Business & Finance

Telecom sector contributes Rs97.7bn to exchequer

ISLAMABAD: The telecom sector contributed an estimated Rs 97.7 billion to the national exchequer in terms of taxes,...

Published 11 Jun, 2021 03:41am

Business & Finance

PYMA urges minister to eliminate ‘discrimination’

KARACHI: Pakistan Yarn Merchants Association (PYMA) has urged the Federal Minister for Finance and Revenue Shaukat...

Published 02 Jun, 2021 04:29am

Business & Finance

Small industries: APBF urges govt to take solid steps in budget

LAHORE: With a view to help grow the businesses in post-corona economic strategy the government will have to take...

Published 01 Jun, 2021 04:59am

FY22 budget to serve IMF interests: Bilawal

ISLAMABAD/KARACHI: Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto-Zardari has said the upcoming budget will...

Updated 30 May, 2021 03:38pm

Razak says export base ‘much too narrow’

ISLAMABAD: Prime Minister’s Advisor on Commerce and Investment, Abdul Razak Dawood said on Friday that Finance...

Published 29 May, 2021 03:59am

Business & Finance

79.9pc increase in sales tax collection from sugar

ISLAMABAD: Sales tax (domestic/local stage) collection from sugar increased from Rs16.490 billion during first six...

Published 29 May, 2021 03:59am

Editorials

Raising revenue by Rs 1 trillion

EDITORIAL: Finance Minister Shaukat Tarin has reiterated in his recent interviews on private television channels ...

Updated 29 May, 2021 12:03pm

Pakistan

Importance of second CPEC phase highlighted

ISLAMABAD: The Parliamentary Committee on China Pakistan Economic Corridor (CPEC) expressed its serious concern and...

Published 27 May, 2021 03:40am

FBR to refund excess amount: ‘Glitch’ in system causes extra collection of duties

ISLAMABAD: The Federal Board of Revenue (FBR) will refund excess amount of duties and taxes paid by the incoming...

Published 22 May, 2021 04:05am

Pakistan

Affordability main cause of smoking at young age: research

ISLAMABAD: The affordability is found to be the main facilitator for smoking, especially at a younger age, and this...

Updated 18 May, 2021 09:37am

Pakistan

Govt may impose health levy on cigarettes

ISLAMABAD: The government is expected to impose a health levy on cigarettes in the upcoming federal budget (2021-22)...

Published 13 May, 2021 03:10am

Opinion

Improving value-added exports: some suggestions

A new team has taken over the Ministry of Finance in Islamabad. Let us hope they will be more amenable to issues...

Published 12 May, 2021 04:23am

OECD urges hiking succession tax to reverse inequality

PARIS: Rising financial inequality can be tackled and public finances improved at the same time by hiking...

Published 12 May, 2021 04:23am

PIA restructuring plan blocked

ISLAMABAD: Secretary Cabinet, Sardar Ahmad Nawaz Sukhera has reportedly blocked PIA's restructuring plan prepared by...

Published 09 May, 2021 03:20am

Business & Finance

FBR devises integrated strategy to ensure increase in exports

LAHORE: The Federal Board of Revenue (FBR) has devised an integrated strategy to ensure a significant increase in...

Updated 09 May, 2021 10:29am

Markets

LPG Policy 2021: PLPGMA chief urges Ogra to take stakeholders on board

LAHORE: Chairman Pakistan LPG Marketers Association (PLPGMA) has urged the Oil & Gas Regulatory Authority (Ogra)...

Published 08 May, 2021 03:30am

Govt seeks easing of conditions

He also spelled out his plan as the finance minister to negotiate with the IMF and how he wanted to achieve growth, and stated that the PSDP allocation would be fully utilised.

Published 06 May, 2021 03:49am

US corporations, wealthy must ‘pay their fair share’: Biden

WASHINGTON: President Joe Biden proposed a sweeping new $1.8 trillion plan in a speech to a joint session of ...

Published 30 Apr, 2021 05:06am

Opinion

Untapped export potential

The World Bank in its recent report states that Pakistan’s potential annual exports are $88.1 billion, about four...

Published 28 Apr, 2021 03:18am

Opinion

‘PTI’s second innings: overcast conditions?’

This is apropos a Business Recorder op-ed “PTI’s second innings: overcast conditions?” carried the newspaper ...

Published 27 Apr, 2021 03:02am

Markets

Bitcoin, other cryptocurrencies suffer hefty losses

TOKYO/LONDON: Bitcoin and other cryptocurrencies suffered hefty losses on Friday on concern that US President Joe...

Published 24 Apr, 2021 03:21am

SOEs’ contributions to exchequer shared with Hammad

ISLAMABAD: The annual profit earning before tax of State-owned Entities (SOEs) under the administrative control of...

Updated 23 Apr, 2021 10:05am

Business

Seizure of counterfeit cigarettes: RTO official, AC have divergent viewpoint

ISLAMABAD: The Inland Revenue Officer of the Regional Tax Office (RTO) Rawalpindi and Assistant Commissioner Inland...

Published 23 Apr, 2021 05:12am

Markets

Govt urged to allow import of cotton, yarn

KARACHI: Faisal Moiz Khan, President North Karachi Association of Trade & Industry (NKATI), has urged the...

Published 21 Apr, 2021 03:21am

Govt plans to rationalise duties, taxes on food items

ISLAMABAD: The government is planning to rationalise duties and taxes on essential food items, reduction in sales ...

Updated 13 Apr, 2021 09:30am

Pakistan

Govt urged to raise taxes on tobacco by 30pc

ISLAMABAD: Leading health experts, citing data from a World Health Organization (WHO) report on rising tobacco...

Published 10 Apr, 2021 04:35am

Business & Finance

UBG proposes 40 growth-oriented budget proposals

LAHORE: United Business Group (UBG) on Friday sent a set of 40 growth oriented proposals for the upcoming federal...

Published 10 Apr, 2021 04:34am

Technology

Longtime tax target Amazon now leads charge for reform

Amazon has defended its policies, engaging in heated debated with political leaders at times, saying that its investments offset taxes as intended by the tax code.

Published 08 Apr, 2021 09:44am

Gainers
Losers
Leaders

Stock	Price
JS Bank Ltd / Jun 2 JS Bank Limited(JSBL)	4.39 ▲ 0.31 (7.60%)
Cres.Star Ins. / Jun 2 Crescent Star Insurance Limited(CSIL)	1.43 ▲ 0.10 (7.52%)
AL-Noor Sugar / Jun 2 Al-Noor Sugar Mills Limited(ALNRS)	48.99 ▲ 3.42 (7.50%)
Bestway Cement / Jun 2 Bestway Cement Limited(BWCL)	151.58 ▲ 10.58 (7.50%)
Gatron Ind. / Jun 2 Gatron (Industries) Limited(GATI)	470.69 ▲ 32.84 (7.50%)
Pak Synthetics / Jun 2 Pakistan Synthetics Limited(PSYL)	48.45 ▲ 3.38 (7.50%)
Pak Int.Bulk / Jun 2 Pakistan International Bulk Terminal(PIBTL)	4.16 ▲ 0.24 (6.12%)
Exide (PAK) / Jun 2 Exide Pakistan Limited(EXIDE)	256.15 ▲ 13.15 (5.41%)
Mod.Al-Mali / Jun 2 Modaraba Al-Mali(MODAM)	4.10 ▲ 0.19 (4.86%)
United BankXD / Jun 2 United Bank Limited(UBL)	119.86 ▲ 5.06 (4.41%)

Stock	Price
Khyber Textile / Jun 2 Khyber Textile Mills Limited(KHYT)	582.75 ▼ -47.25 (-7.50%)
Pervez Ahmed Co / Jun 2 Pervez Ahmed Consultancy Services Ltd.(PASL)	0.61 ▼ -0.04 (-6.15%)
AKD Securities / Jun 2 AKD Securities Limited(AKDSL)	20.51 ▼ -1.16 (-5.35%)
Tri-Star Power / Jun 2 Tri-Star Power Limited(TSPL)	10.55 ▼ -0.52 (-4.70%)
Sitara Peroxide / Jun 2 Sitara Peroxide Limited(SPL)	11.23 ▼ -0.46 (-3.93%)
Dewan Farooque Sp. / Jun 2 Dewan Farooque Spinning Mills Limited(DFSM)	2.50 ▼ -0.10 (-3.85%)
Jubile Life InsXD / Jun 2 Jubilee Life Insurance Company Limited(JLICL)	107.10 ▼ -3.89 (-3.50%)
Kohinoor Ind. / Jun 2 Kohinoor Industries Limited(KOIL)	7.25 ▼ -0.25 (-3.33%)
Reliance Ins. / Jun 2 Reliance Insurance Company Limited(RICL)	7.75 ▼ -0.25 (-3.12%)
Dandot Cement / Jun 2 Dandot Cement Company Limited(DNCC)	9.20 ▼ -0.29 (-3.06%)

Stock	Volume
Globe Residency / Jun 2 Globe Residency REIT(GRR)	10,809,000 ▲ 0.33
WorldCall Telecom / Jun 2 Worldcall Telecom Limited(WTL)	9,751,847 ▲ 0.00
Pak Int.Bulk / Jun 2 Pakistan International Bulk Terminal(PIBTL)	5,430,000 ▲ 0.24
Cnergyico PK / Jun 2 Cnergyico PK Limited(CNERGY)	5,281,287 ▼ -0.01
Gul Ahmed / Jun 2 Gul Ahmed Textile Mills Limited(GATM)	4,817,327 ▲ 0.81
Pak Refinery / Jun 2 Pakistan Refinery Limited(PRL)	4,031,577 ▼ -0.09
Pak Elektron / Jun 2 Pak Elektron Limited(PAEL)	3,976,718 ▼ -0.01
Maple Leaf Cement / Jun 2 Maple Leaf Cement Factory Limited(MLCF)	3,969,700 ▲ 0.19
Nishat Power / Jun 2 Nishat Power Limited(NPL)	3,668,458 ▲ 0.17
Agritech Limited / Jun 2 Agritech Limited(AGL)	3,412,000 ▲ 0.04

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 2	285.40
USD PKR Interbank Buying / Jun 2	285.20
USD to Japanese Yen / Jun 2	138.86
USD to Swiss Franc / Jun 2	0.90
Pound Sterling to USD / Jun 2	1.25
Euro to USD / Jun 2	1.08
UK LIBOR % / Jun 1	5.06

Stock	Volume
S&P 500 / Jun 1	4221.02
Nasdaq / Jun 1	13100.98
FTSE 100 / Jun 1	7490.27
Dow Jones / Jun 1	33061.57
Germany DAX 30 / Jun 1	15853.66
France CAC40 / Jun 1	7137.43
India Sensex / Jun 2	62684.71
Tokyo Nikkei / Jun 2	31478.64
Hang Seng / Jun 2	18883.22

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 1	20235
Gold 10 Grams PKR / Jun 1	196331
Crude Oil USD/Barrel / Jun 2	70.50
Gold Spot USD/Ounce / Jun 2	1980.59
Cotton US¢/pound / Jun 2	81.60

Taxes

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