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Taxes

Crucial IMF talks begin today

ISLAMABAD: The International Monetary Fund (IMF) team arrived in Islamabad and formal talks on the 9th review of the...

Updated 31 Jan, 2023 09:06am

Editorials

‘Mini-budget’ revenue impact raised

EDITORIAL: Informed sources have revealed exclusively to Business Recorder that the Ministry of Finance has ...

Published 31 Jan, 2023 06:01am

Business & Finance

PKR slide likely to fuel inflation in a big way

ISLAMABAD: The depreciation of Pak rupee by 13.5 percent by Friday in the interbank rate will raise inflation to 35...

Updated 30 Jan, 2023 09:26am

Opinion

Economy: it has only gotten worse

Like ‘Shehbaz speed’, finance minister Ishaq Dar’s bubble has been burst as well. The ‘Dar magic’ was as...

Updated 30 Jan, 2023 07:00am

Business & Finance

Ex-ombudsman’s order still awaits enforcement: FTO may have to order action against FBR officers again

ISLAMABAD: The Federal Tax Ombudsman (FTO) may have to direct the Federal Board of Revenue (FBR) again to implement...

Published 30 Jan, 2023 05:56am

Editorials

Conclude 9th review and move ahead

EDITORIAL: The finance minister, Ishaq Dar, finally budged from position of keeping the PKR to dollar parity...

Published 30 Jan, 2023 05:56am

Tarin raises the alarm about inflation surge

LAHORE: Former federal finance minister Shaukat Tarin has said that a steep decline in the value of rupee against ...

Updated 28 Jan, 2023 08:55am

Business & Finance

TAL JV allowed to sell Mamikhel gas

ISLAMABAD: The government has allowed TAL Joint Venture to sell gas from Mamikhel South discovery to third party...

Updated 28 Jan, 2023 08:44am

Opinion

Prices and inflation

It is quite clear that overall the monetary policy tool of raising policy rate to rein in inflation has not had any...

Updated 27 Jan, 2023 07:57am

Opinion

The tested players: two lost decades of Pakistan

A review of the economic condition during the period from 2002 to 2023 reflects two lost decades of Pakistan. During...

Published 27 Jan, 2023 06:41am

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

Jul-Jan: MCC Gwadar surpasses customs duty target, collects Rs7bn

ISLAMABAD: Model Customs Collectorate Gwadar has collected Rs7 billion in the form of customs duty during...

Published 27 Jan, 2023 06:15am

Govt may exempt solar equipment from all taxes

ISLAMABAD: The government is likely to exempt solar equipment from all taxes aimed at achieving the target of 10,000...

Updated 27 Jan, 2023 09:04am

Opinion

The Saudi snub, and after…

The prime minister’s decision to do whatever was needed to complete the 9th review of the stalled IMF programme ...

Updated 26 Jan, 2023 06:19am

Opinion

Understanding the present crisis

Understanding the problem is half the solution. This article spells out the top three problems that constitute the...

Updated 25 Jan, 2023 11:04am

LHC has held that Section 8(2) (b) of Finance Act is valid

ISLAMABAD: The Lahore High Court (LHC) held that Section 8(2) (b) of the Finance Act, 2022, is valid, ...

Updated 25 Jan, 2023 08:53am

Business & Finance

Incandescent light bulbs: Duties, taxes on import of parts, CBUs may soar

ISLAMABAD: The government is likely to increase duties and taxes on import of parts and Completely Built Units ...

Published 24 Jan, 2023 06:06am

Opinion

Counting the ways to borrow

Pakistan’s policy thrust today to get out of the ongoing very serious economic/financial imbroglio is, heads: seek...

Published 23 Jan, 2023 05:57am

Opinion

IMF – No half measures

Last week it appeared that the economic reality is finally sinking into the government high-ups. The statement of...

Updated 23 Jan, 2023 08:22am

Business & Finance

FPCCI calls for simplification of tax system

PESHAWAR: Regional Coordinator, Federation of Pakistan Chamber of Commerce & Industry (FPCCI), Sartaj Ahmad Khan...

Published 23 Jan, 2023 05:57am

Editorials

Inflation and lower output

EDITORIAL: A former Finance Minister, Dr Hafiz A. Pasha, while addressing the members of Pakistan Industrial and...

Published 23 Jan, 2023 05:57am

Business & Finance

LCCI starts consultation to prepare economic policy framework

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has started consultation to prepare economic policy...

Published 21 Jan, 2023 07:20am

Opinion

Debt, inequality and austerity

‘In most western countries, inequality is rising, and social mobility has stalled. Our citizens are losing...

Published 20 Jan, 2023 06:44am

Editorials

Fraught present, unknown future

EDITORIAL: The country is fast approaching a point of no return. If the economy is forced upon a default on its...

Updated 20 Jan, 2023 02:33pm

Exports should be enhanced to $100bn per annum: govt

ISLAMABAD: Federal Minister for Planning and Development Ahsan Iqbal on Thursday while stressing the need to ...

Updated 20 Jan, 2023 08:47am

Business & Finance

Tarin sees negative GDP growth in LSM, agri, other sectors

LAHORE: Former federal finance minister and PTI Senator Shaukat Tarin has predicted that Pakistan would register a...

Updated 20 Jan, 2023 08:50am

Business & Finance

Revenue Div allowed to publish tax directory of MPs for 2020

ISLAMABAD: The federal cabinet has allowed the Revenue Division to publish the tax directory of parliamentarians for...

Updated 19 Jan, 2023 08:38am

New tax raising steps under consideration

Proposed measures include increase in rates of withholding taxes, more indirect taxation, three percent flood levy on imports, and tax on banks’ foreign exchange income

Updated 18 Jan, 2023 12:40pm

State revenue: FTO directs FBR to implement effective mechanism

ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to implement an effective...

Updated 18 Jan, 2023 08:44am

Business & Finance

President directs FBR to avoid ‘futile’ litigation

ISLAMABAD: President Arif Alvi has confirmed the key recommendations of the Federal Tax Ombudsman (FTO) to the...

Updated 16 Jan, 2023 09:41am

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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