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Taxes

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

Pensioners, senior citizens, Shuhada's families: FBR admits wrong calculations of tax liabilities

ISLAMABAD: The Federal Board of Revenue (FBR) has admitted before the Federal Tax Ombudsman (FTO) that the income...

Updated 21 Aug, 2023 09:59am

Shamshad for innovative approach to documenting untaxed sectors

Caretaker Finance Minister emphasises on devising strategies to further enhance the tax-to-GDP ratio and broaden the tax base to maximize revenue collection

Updated 19 Aug, 2023 04:56pm

Without recovery notice: ATIR allows admission of fresh stay applications

KARACHI: Appeals Tribunal Inland Revenue (ATIR) has now allowed the admission of fresh stay applications without...

Updated 19 Aug, 2023 08:44am

Opinion

Economy needs stimulus

The economy is headed towards a deep recession. Only a well-targeted fiscal stimulus can avert the incoming crisis....

Published 18 Aug, 2023 06:13am

Opinion

Broadening the tax net-II: A solution to taxation woes?

The narrative highlighting the importance of enhancing the number of tax filers also fails to take into account the...

Published 18 Aug, 2023 06:06am

Business & Finance

Debt servicing hits record high of Rs5.831trn: FY23 closes with 7.7pc budget deficit

ISLAMABAD: The government closed the last fiscal year (2022-23) with a budget deficit of 7.7 percent or Rs6.521...

Updated 18 Aug, 2023 09:49am

Editorials

Woeful LSM decline

EDITORIAL: The FY23 Large-Scale Manufacturing (LSM) is down 10.3 percent year-on-year. Barring the Covid year, this...

Published 18 Aug, 2023 05:42am

Economic policies: Kakar says will ensure continuity

An increase in foreign investment under the Special Investment Facilitation Council (SIFC) would remain one of the key priorities of the government, adds the caretaker PM

Updated 16 Aug, 2023 10:42am

High interest rates, power tariffs, costly raw materials: Textile sector will continue to face economic headwinds: APTMA

ISLAMABAD: The textile sector will continue to experience economic headwinds related to high interest rates,...

Updated 16 Aug, 2023 10:42am

Filers/non-filers: Sec 7E won’t apply to cases falling within LHC jurisdiction

ISLAMABAD: The Federal Board of Revenue (FBR) has implemented the judgment of the Lahore High Court (LHC) on Section...

Updated 16 Aug, 2023 08:48am

Stay pleas sans recovery notice being rejected by ATIR: KTBA

KARACHI: Appeals Tribunal Inland Revenue (ATIR) has started refusing to admit stay applications without recovery...

Updated 16 Aug, 2023 10:44am

Editorials

What happens when cash reigns supreme?

EDITORIAL: In the last decade, authorities had supposedly lent focus to expand documentation of the economy. But,...

Published 16 Aug, 2023 05:50am

Draft amendments to income tax Ord: FBR seeks new powers for IR Commissioners

ISLAMABAD: The Federal Board of Revenue (FBR) has proposed to give all basic administrative powers of income tax law...

Updated 15 Aug, 2023 10:27am

Business & Finance

Tax authorities accused of misinterpreting global tax conventions

LAHORE: Tax authorities are accused of misinterpreting international tax conventions instead of implementing them...

Published 15 Aug, 2023 06:30am

Opinion

Broadening the tax net — I: A solution to taxation woes?

In recent years the word “narratives’ and the phrase “narrative building” have come to occupy a prominent...

Published 14 Aug, 2023 06:29am

Income tax law: FBR proposes new definition of word ‘banking’

Proposed draft amendments in the Income Tax Ordinance, 2001 issued for simplification and harmonization through the next Finance Bill, 2024

Updated 14 Aug, 2023 05:32pm

ST, FED return form: FTO directs FBR to rectify errors

ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to rectify errors in the...

Updated 12 Aug, 2023 09:10am

Opinion

Budget Rupee Account: FY2023-24 to FY2027-2028

In the earlier two articles the focus was on the foreign (external) currency account of Pakistan. In this article ...

Published 11 Aug, 2023 05:17am

BTB registration: 210,437 unregistered persons respond to FBR notices

ISLAMABAD: As many as 210,437 unregistered persons responded to 216,601 notices of the Federal Board of Revenue...

Updated 11 Aug, 2023 09:30am

Business & Finance

Pakistan, Iraq begin talks on ‘Convention for Elimination of Double Taxation’

ISLAMABAD: Federal Board of Revenue (FBR) initiated negotiations on the Convention for the Elimination of Double...

Published 11 Aug, 2023 05:17am

FBR refuses to share Politically-Exposed Persons’ data

Refusal letter says section 216 prohibits disclosure of taxpayer’s information to any individual or authority except those mentioned explicitly in sub section 3 of section 21 of the Ordinance

Updated 07 Aug, 2023 11:44am

Real estate sector: FBR chief says no exemption or concession possible

ISLAMABAD: Chairman Federal Board of Revenue (FBR) Malik Amjad Zubair Tiwana has categorically conveyed to the real...

Updated 07 Aug, 2023 09:18am

Dar explains what actually led to changes in budget

Says for securing an agreement with the IMF, the government had to impose new taxes

Updated 05 Aug, 2023 03:06pm

Working out new rates of immovable properties: On Dar’s directive, FBR to hold talks with realtors today

ISLAMABAD: Finance Minister Ishaq Dar Friday directed the Federal Board of Revenue (FBR) to immediately convene a...

Updated 05 Aug, 2023 03:08pm

Exporters trapped in GST refunds: TMA urges govt to restore SRO 1125(I)/2011 in true letter and spirit

KARACHI: Senior Vice Chairman of the Towel Manufacturers Association of Pakistan Syed Usman Ali has expressed severe...

Updated 04 Aug, 2023 09:56am

Valuation, assessment: FTO directs DGCV to accurately classify imported cellphones

ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Directorate General Customs Valuation (DGCV) Karachi to...

Updated 04 Aug, 2023 08:48am

BR Research

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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