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Taxes

March SRB collection rises 28pc to 19bn YoY

KARACHI: Sindh Revenue Board (SRB) has posted revenue collection of Rs. 19.034 billion in March 2023, as compared to...

Updated 03 Apr, 2023 08:41am

Business & Finance

July-March: FBR suffers massive shortfall of Rs304bn

ISLAMABAD: Despite imposition of additional taxes of Rs 170 billion on February 14, the Federal Board of Revenue...

Published 01 Apr, 2023 07:24am

Pakistan

LHC allows appeal of Millat Tractors

LAHORE: The Lahore High Court allowed an appeal of Millat Tractors Limited and held that SRO 563 does not apply to...

Published 01 Apr, 2023 06:21am

Sports

PCB paid Rs2bn tax during PSL-8, says Sethi

ISLAMABAD: The Pakistan Cricket Board (PCB) paid Rs 2 billion in terms of tax to the national kitty during the...

Published 31 Mar, 2023 06:45am

Opinion

Daunting fiscal challenges

Since the assumption of power in April 2022, the coalition government of Pakistan Democratic Movement (PDM) has been...

Published 31 Mar, 2023 06:45am

Opinion

We don’t yet know what lies in store for us–I

The Muslims of the subcontinent of India got an independent state for themselves in 1947. Unfortunately, however, ...

Published 30 Mar, 2023 06:35am

Business & Finance

Collection of govt duties, taxes: Banks to observe extended hours on 30th & 31st

KARACHI: The State Bank of Pakistan (SBP) Wednesday announced all branches of banks and field offices of SBP Banking...

Published 30 Mar, 2023 06:35am

Editorials

The macroeconomic mismanagement

EDITORIAL: There is mounting evidence of macroeconomic mismanagement coupled with a failure to proactively formulate...

Updated 29 Mar, 2023 07:07am

Business & Finance

Public complaints, taxpayers’ cases: FTO concerned at FBR’s attitude

ISLAMABAD: Federal Tax Ombudsman (FTO) has expressed grave concern over the cold blooded attitude of the Federal...

Published 29 Mar, 2023 06:27am

Business & Finance

Import of items: Telecom operators demand 5G with free spectrum, zero taxes for 5 yrs

ISLAMABAD: Telecom operators have demanded 5G with a free spectrum for five years and zero taxes on the import of...

Published 29 Mar, 2023 06:27am

Opinion

There’s need for effective, harmonised ADR mechanism

The taxation of income and revenue is a complex subject with voluminous laws promulgated to attend to its regulation...

Updated 28 Mar, 2023 06:57am

Tax evasion: FBR admits it lacks capacity to analyse big data

ISLAMABAD: The Federal Board of Revenue (FBR) has admitted that the tax machinery lacks the capacity to analyse big...

Updated 28 Mar, 2023 08:46am

Opinion

Stop blaming the IMF!

It has been forty days since the IMF’s (International Monetary Fund’s) technical talks concluded, but there have...

Published 27 Mar, 2023 06:15am

Pakistan

Records seized: SRB raids club for recovery of SST dues

KARACHI: Sindh Revenue Board (SRB) has carried out a raid on a luxurious club located in a posh area of Karachi. The...

Published 24 Mar, 2023 05:55am

Business & Finance

FBR asks its LTOs, MTOs and RTOs to observe extended work hours

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

Published 22 Mar, 2023 06:24am

Business & Finance

Steel industry: FBR asked to introduce interim tax relief measures

ISLAMABAD: The steel industry has asked the Federal Board of Revenue (FBR) to urgently introduce interim tax relief...

Published 21 Mar, 2023 07:29am

Business & Finance

OECD team visits FBR Headquarters

ISLAMABAD: The Directorate General of International Taxes, Federal Board of Revenue, received Global Forum’s ...

Published 21 Mar, 2023 06:29am

Jan, Feb 2023: FBR pays Rs45bn to exporters despite slow FASTER system

ISLAMABAD: The Federal Board of Revenue (FBR) has never stopped payment of sales tax refunds under the FASTER system...

Updated 21 Mar, 2023 08:55am

Business & Finance

Enhancement in exports requires wide structural reforms, says BMP

LAHORE: The Federation of Pakistan Chambers of Commerce & Industry’s Businessmen Panel stressing the need for...

Published 20 Mar, 2023 06:56am

Wealthy persons: FBR reluctant to give info about tax payments

ISLAMABAD: The Federal Board of Revenue (FBR) is reluctant to disclose vital information regarding tax payments made...

Updated 20 Mar, 2023 09:00am

Business & Finance

World Bank’s PRR project: FBR asked to coordinate with provinces on GST- and IPF-related matters

ISLAMABAD: A joint panel of Economic Affairs Division (EAD) and World Bank (WB) has directed Federal Board of ...

Published 20 Mar, 2023 06:12am

Over 200 super rich people in Karachi: Recovery proceedings initiated

ISLAMABAD: The government has initiated recovery proceedings against over 200 super-rich people of Karachi, who were...

Updated 18 Mar, 2023 02:08pm

Specified goods, services: FBR disallows ST refunds to 5 export-oriented sectors

KARACHI: Federal Board of Revenue (FBR) has disallowed the sales tax refunds of number of specified goods and...

Updated 18 Mar, 2023 09:12am

FBR issues negative list of 714 goods

ISLAMABAD: The Federal Board of Revenue (FBR) has issued a list of 714 items on which input tax adjustment shall not...

Updated 17 Mar, 2023 09:16am

Automated refunds: FBR to apply new risk parameters for processing

ISLAMABAD: The Federal Board of Revenue (FBR) will apply new risk parameters for processing the automated sales tax...

Updated 17 Mar, 2023 09:16am

Business & Finance

Experts for imposition of tax on Toshakhana gifts on deemed income basis

ISLAMABAD: Gifts including jewelry/gold received/purchased by politicians from Toshakhana should be charged to ...

Published 17 Mar, 2023 06:16am

Business & Finance

Cyclostyle replies against POS integration notices adding to miseries of taxpayers, dept

LAHORE: Filing of cyclostyle replies against Point of Sale (POS) integration notices for Tier-1 Retailers (T-1Rs) ...

Published 17 Mar, 2023 06:15am

PSO suggests Rs10/litre levy to avert default

ISLAMABAD: While claiming it is on the brink of collapse, Pakistan State Oil (PSO), state-owned energy marketing...

Updated 16 Mar, 2023 09:57am

World

Russia moves to end tax deal with ‘unfriendly’ countries

MOSCOW: Russia moved Wednesday to suspend double tax agreements with “unfriendly” countries in response to sanctions...

Published 15 Mar, 2023 05:35pm

Business & Finance

SST amounts, returns: SRB extends deadlines

KARACHI: Sindh Revenue Board (SRB) has extended the date of e-depositing the amounts of Sindh Sales Tax (SST) and...

Published 15 Mar, 2023 07:07am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 17	278.30
USD PKR Interbank Buying / May 17	278.10
USD to Japanese Yen / May 17	155.67
USD to Swiss Franc / May 17	0.91
Pound Sterling to USD / May 17	1.27
Euro to USD / May 17	1.09

Stock	Volume
S&P 500 / May 17	5303.27
India Sensex / May 17	73917.03
Tokyo Nikkei / May 17	38787.38
Nasdaq / May 17	16685.97
Hang Seng / May 17	19535.61
FTSE 100 / May 17	8420.26
Dow Jones / May 17	40003.59
Germany DAX 30 / May 17	18704.42

Item	Value
Crude Oil USD/Barrel / May 17	79.59
Karachi Cotton PKR/37.32 KG / May 17	19935
Gold 10 Grams PKR / May 17	210562
Gold Spot USD/Ounce / May 17	2386.18
Cotton US¢/pound / May 17	76.29
Petrol/Litre / May 18	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 18 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 18 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 18 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 18 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 18 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 18 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 18 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 18 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 18 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 18 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 18 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 18 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 18 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 18 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 18 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 18 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 18 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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