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Taxes

FBR restores ‘FASTER’ system

ISLAMABAD: The Federal Board of Revenue (FBR), Tuesday, restored “FASTER” system for speedy payment of sales tax...

Updated 08 Mar, 2023 08:41am

Real estate agents, others: FBR to impose penalties if suspicious transactions not reported to FMU

ISLAMABAD: The Federal Board of Revenue (FBR) will impose sanctions including penalties on real estate agents,...

Updated 08 Mar, 2023 08:39am

Business & Finance

KATI chief calls for taxes on agriculture sector

KARACHI: President of Korangi Association of Trade and Industry (KATI) Faraz-ur-Rehman has said that the government...

Published 08 Mar, 2023 06:20am

Business & Finance

Corporate donations: Listed firms’ contribution nearing 1pc of profit after taxes: SECP chief

KARACHI: The contribution of listed companies to corporate donations is approaching the globally accepted level of...

Published 08 Mar, 2023 06:20am

Opinion

Monetary-fiscal history of Latin America: lessons for Pakistan

Pakistan today suffers from significant macroeconomic instability, high inflation, a currency crisis and a risk of a...

Published 06 Mar, 2023 06:43am

Opinion

Inflation out of control

Consumer price index (headline inflation) rose by 31.5 percent in February (up by 3.7 percentage points from...

Published 06 Mar, 2023 06:36am

Editorials

MPS: steep rate hike to tame inflation

EDITORIAL: In spite of the Monetary Policy Committee’s (MPC’s) decision to raise the discount rate to 20 percent...

Published 06 Mar, 2023 06:22am

‘Anomaly’ in FBR’s IRIS system perturbs taxpayers

ISLAMABAD: There is some legal/ technical anomaly in the Federal Board of Revenue’s (FBR) “IRIS” system where...

Updated 06 Mar, 2023 08:43am

Business & Finance

Taxpayers excluded from ATL ‘despite interim relief against deemed income’

LAHORE: Federal Board of Revenue (FBR) has excluded names of taxpayers from the Active Taxpayer List (ATL) despite...

Published 03 Mar, 2023 07:21am

Policy rate hiked by 300bps to 20pc to tame inflation

KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) on Thursday increased the key...

Updated 03 Mar, 2023 08:53am

Opinion

Developing countries’ lost decade?

Global average temperatures have reached 1.2 degrees centigrade above the pre-industrial era, and most scientific...

Updated 03 Mar, 2023 06:58am

Opinion

Disclosure of beneficial ownership by companies

General: These notes represent our views and comments on the draft rules proposed to be inserted in the Income Tax...

Updated 02 Mar, 2023 07:13am

Opinion

Past the point of no return!

For weeks noted economists and economic researchers have cited numerous indicators, like low foreign exchange...

Updated 02 Mar, 2023 06:51am

Business & Finance

FBR surpasses Feb revenue collection target

ISLAMABAD: The Federal Board of Revenue (FBR) has exceeded the assigned revenue collection target of Rs 527 billion...

Published 02 Mar, 2023 06:23am

‘Advance to Deposit Ratio’: Higher rate of tax will not apply on banks for TY 2024

ISLAMABAD: The higher rate of tax for “Advance to Deposit Ratio” will not apply on banks for tax year 2024, ...

Updated 01 Mar, 2023 09:05am

17pc tax applicable on mobile phones valuing above $200

ISLAMABAD: There is no change in sales tax regime of locally manufactured mobile phones and imported mobile phones...

Updated 01 Mar, 2023 09:04am

Opinion

Progressive fiscal policy

The Managing Director, Kristalina Georgieva, of the IMF (International Monetary Fund) has said recently in the...

Published 28 Feb, 2023 06:15am

Business & Finance

FBR acts to reduce Rs2.3trn litigations thru ADR option

ISLAMABAD: In order to reduce litigations of Rs2.3 trillion in courts, the Federal Board of Revenue (FBR) has ...

Published 28 Feb, 2023 06:15am

Opinion

Should the MPC meeting be preponed?

The most concerning and alarming element in the macro numbers is that inflation is growing out of control. Food...

Published 27 Feb, 2023 06:17am

Editorials

The floundering economy

EDITORIAL: Current account deficit has declined 67 percent to 3.8 billion dollars (July-January 2022-23) against...

Published 27 Feb, 2023 06:17am

Anomaly in excise duty: Illegal cigarette trade will get a big boost

ISLAMABAD: The anomaly created by the Federal Board of Revenue (FBR) in new excise duty structure of cigarettes to...

Updated 25 Feb, 2023 08:59am

Opinion

Pakistan: political illusions and economic delusions

There is no pure economics for a state; it is always a political economy. Whilst examining the effect of the present...

Published 24 Feb, 2023 06:00am

Business & Finance

Rs170bn taxes apply to meet IMF conditions: President signs finance bill into law

ISLAMABAD: President Arif Alvi Thursday signed the Finance (Supplementary) Bill, 2023, implementing additional taxes...

Published 24 Feb, 2023 06:00am

Industries/sectors earning over Rs300m: SC directs payment of 4pc super tax within a week

ISLAMABAD: The Supreme Court of Pakistan (SC) has directed the industries/sectors earning income above Rs300 ...

Updated 24 Feb, 2023 08:50am

Import of luxury items ST: FBR empowered to impose higher rate of 25pc

ISLAMABAD: The Finance (Supplementary) Act, 2023 has empowered the Federal Board of Revenue (FBR) to impose a higher...

Updated 24 Feb, 2023 08:45am

Debt and debt instruments: Profit on debt and capital gains given tax exemption

ISLAMABAD: The Federal Board of Revenue (FBR) has exempted income tax on profit on debt and capital gains from debt...

Updated 24 Feb, 2023 08:44am

Business & Finance

PTEA appeals for govt measures to rescue ailing Punjab units

FAISALABAD: Extreme cash flow problems and high production costs have greatly damaged the prospects for growth in...

Published 23 Feb, 2023 07:30am

Business & Finance

FBR to continue inspecting vehicles having no import papers

ISLAMABAD: The Federal Board of Revenue (FBR) will continue the search and inspection of vehicles of goods...

Published 23 Feb, 2023 06:35am

Govt, KE ink deal to settle Rs312.7m dispute

ISLAMABAD: The federal government and K-Electric (KE) are said to have inked a pact to settle 27-year old dispute of...

Updated 23 Feb, 2023 09:23am

Opinion

Why do all roads lead to more taxes?

As a staff-level agreement between IMF (International Monetary Fund) and Pakistan following the ninth review of the...

Published 22 Feb, 2023 03:30am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 14	278.27
USD PKR Interbank Buying / May 14	278.07
USD to Japanese Yen / May 14	156.42
USD to Swiss Franc / May 14	0.91
Pound Sterling to USD / May 14	1.26
Euro to USD / May 14	1.08

Stock	Volume
S&P 500 / May 13	5221.42
Nasdaq / May 13	16388.24
Dow Jones / May 13	39431.51
India Sensex / May 14	72853.85
Tokyo Nikkei / May 14	38227.19
Hang Seng / May 14	19120.21
FTSE 100 / May 14	8427.64
Germany DAX 30 / May 14	18697.64

Item	Value
Karachi Cotton PKR/37.32 KG / May 13	19935
Petrol/Litre / May 14	288.49
Crude Oil USD/Barrel / May 14	79.23
Gold 10 Grams PKR / May 14	207733
Gold Spot USD/Ounce / May 14	2344.20
Diesel/Litre / May 14	281.96

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 14 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 14 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 14 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 14 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 14 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 14 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 14 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 14 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 14 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 14 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 14 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 14 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 14 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 14 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 14 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 14 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 14 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 14 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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

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