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Taxes

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

Bad vibes only

Sounding rather pleased with itself, in its latest statement of the Monetary Policy Committee (MPC), the SBP...

Published 03 Aug, 2023 08:51am

Dar sets Rs10trn revenue target for Tiwana-led team

ISLAMABAD: Finance Minister Ishaq Dar threw the gauntlet of chasing a revenue target of Rs 10 trillion for the...

Updated 03 Aug, 2023 09:29am

Income tax return form for TY23: KTBA urges FBR to remove technical glitches, irregularities

KARACHI: Karachi Tax Bar Association (KTBA) has requested the Federal Board of Revenue (FBR) to remove technical...

Updated 02 Aug, 2023 07:57am

FBR surpasses July revenue collection target

ISLAMABAD: The Federal Board of Revenue (FBR) has provisionally collected Rs538 billion during July 2023 against the...

Updated 02 Aug, 2023 09:09am

Opinion

IMF’s SBF

The IMF Stand-By Facility (SBF) of $3 billion has been in operation for two weeks now. Already, there is a big...

Published 01 Aug, 2023 06:19am

Project-to-project basis: Developers and builders to pay advance tax: FBR

ISLAMABAD: The new advance tax imposed on developers and builders would be paid on a project-to-project basis. The...

Updated 01 Aug, 2023 09:24am

FBR wing unearths Rs1.2bn tax fraud scheme

KARACHI: The Directorate of Internal Audit-Inland Revenue-FBR Karachi has made a significant breakthrough in...

Updated 01 Aug, 2023 09:26am

Number of income tax filers stands at 4.2m

ISLAMABAD: The latest number of income tax return filers as per the Active Taxpayers List (ATL) now stood at 4.2...

Updated 31 Jul, 2023 09:48am

Sale tax law: expert approves of new definition of ‘tax fraud’

ISLAMABAD: The acquirers or possessors (traders) of smuggled/ domestic goods, on which sales tax has not been paid,...

Updated 31 Jul, 2023 09:46am

Over Rs50,000 cash withdrawals thru credit cards/ATMs: Non-filers to pay 0.6pc WHT: FBR

Through Income Tax Circular 2 of 2023, FBR has explained important amendments made in the Income Tax Ordinance, 2001 (the Ordinance) through Finance Act 2023

Updated 30 Jul, 2023 09:49am

Opinion

Taxing work and subsidising non-work

Turns out that there’s a Salaried Class Alliance (SCA), based in Karachi, which describes itself as a...

Updated 27 Jul, 2023 07:00am

Editorials

The ‘begging bowl’ challenge

EDITORIAL: Prime Minister Shehbaz Sharif pledged to break the “begging bowl” by curtailing government expenses...

Published 27 Jul, 2023 06:26am

FBR seeks amendment to Sec 2(37) of ST Act

ISLAMABAD: The scope of ‘sales tax fraud’ is intended to be enlarged by the Federal Board of Revenue (FBR) by...

Updated 27 Jul, 2023 08:56am

Business & Finance

Unchallenged income tax demands: FTO orders probe against FBR officials for delay in recovery

ISLAMABAD: The Federal Tax Ombudsman (FTO) has ordered to conduct an investigation against senior officials of the...

Published 27 Jul, 2023 06:26am

Business & Finance

FPCCI demands withdrawal of hike in power tariff

KARACHI: Echoing the collective concerns of the business, industry and trade community of Pakistan, Irfan Iqbal...

Published 27 Jul, 2023 06:26am

Supplies to unregistered persons: ‘Further Tax’ rate raised to 4pc

ISLAMABAD: The Federal Board of Revenue (FBR) has increased the rate of ‘Further Tax’ from three to four percent on...

Updated 26 Jul, 2023 09:08am

Business & Finance

Tax under Section 7E on immoveable properties: Inland revenue chief commissioners issued instructions

ISLAMABAD: The Federal Board of Revenue (FBR) Monday issued draft of proposed amendments in the Inland Revenue...

Published 25 Jul, 2023 06:20am

Business & Finance

Pensioners, senior citizens, members of Shuhada families: FBR faces probe for computing wrong income tax liability

ISLAMABAD: The Federal Tax Ombudsman (FTO) has decided to conduct an investigation against the Federal Board of...

Published 25 Jul, 2023 06:20am

Goods under brand name, trademark: Bulk supplies chargeable to GST: FBR

ISLAMABAD: The Federal Board of Revenue (FBR) will charge sales tax on bulk supplies of goods made under brand names...

Updated 25 Jul, 2023 10:03am

Editorials

Tax proposals by the IMF

EDITORIAL: The $3 billion nine-month-long Stand-By Arrangement (SBA) approved by the International Monetary Fund...

Updated 25 Jul, 2023 06:49am

Tax on immovable properties: FBR urged to give taxpayers online declaration option

ISLAMABAD: The Federal Board of Revenue (FBR) should introduce an option for the taxpayers in the online declaration...

Updated 24 Jul, 2023 09:29am

Business & Finance

FBR required to expedite WHT audit of NHA to recover billions of rupees

ISLAMABAD: In line with the order of the Federal Tax Ombudsman (FTO), the Federal Board of Revenue’s (FBR)...

Updated 24 Jul, 2023 06:47am

Dar informs National Assembly: No new tax on agriculture, real estate sectors

ISLAMABAD: Federal Minister for Finance and Revenue Muhammad Ishaq Dar said that the government would not impose...

Updated 22 Jul, 2023 10:01am

Illicit trade: Cigarette makers question FBR’s performance

ISLAMABAD: Leading cigarette manufacturers Friday raised serious questions over the performance of the Federal Board...

Updated 22 Jul, 2023 09:45am

Editorials

Rise in clearance of imports, exports

EDITORIAL: The Federal Board of Revenue (FBR) during a meeting with a World Bank mission revealed that it increased...

Updated 22 Jul, 2023 06:40am

Opinion

Another hybrid body needed to widen the tax net

The addition of Special Facilitation Investment Council (SFIC) to the already existing hybrid organization and...

Updated 21 Jul, 2023 07:12am

Editorials

Power sector challenges

EDITORIAL: The IMF (International Monetary Fund) has taken a rather sombre view of Pakistan’s structural issues in...

Published 21 Jul, 2023 06:38am

Gainers
Losers
Leaders

Stock	Price
Dewan Sugar / Nov 30 Dewan Sugar Mills Limited(DWSM)	2.80 ▲ 0.31 (12.45%)
Chashma / Nov 30 Chashma Sugar Mills Limited(CHAS)	65.58 ▲ 4.58 (7.51%)
Crescent Steel / Nov 30 Crescent Steel & Allied Products Limited(CSAP)	43.53 ▲ 3.04 (7.51%)
IBL HealthCare / Nov 30 IBL HealthCare Limited(IBLHL)	39.95 ▲ 2.79 (7.51%)
Atlas Honda Ltd / Nov 30 Atlas Honda Limited(ATLH)	373.27 ▲ 26.04 (7.50%)
Habib Sugar / Nov 30 Habib Sugar Mills Limited(HABSM)	45 ▲ 3.14 (7.50%)
MithchellsFruit / Nov 30 Mitchells Fruit Farms Limited(MFFL)	245.32 ▲ 17.12 (7.50%)
Otsuka Pakistan / Nov 30 Otsuka Pakistan Limited(OTSU)	148.98 ▲ 10.39 (7.50%)
S.S.Oil / Nov 30 S.S.Oil Mills Limited(SSOM)	77.40 ▲ 5.40 (7.50%)
United Brands / Nov 30 United Brands Limited(UBDL)	17.22 ▲ 1.20 (7.49%)

Stock	Price
Trust Mod. / Nov 30 Trust Modaraba(TRSM)	1.43 ▼ -0.17 (-10.63%)
Kohinoor Power / Nov 30 Kohinoor Power Company Limited(KOHP)	5.30 ▼ -0.58 (-9.86%)
Jubilee Spinning / Nov 30 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	6.26 ▼ -0.61 (-8.88%)
Asim Textile / Nov 30 Asim Textile Mills Limited(ASTM)	11.97 ▼ -1.00 (-7.71%)
Ideal Sp. / Nov 30 Ideal Spinning Mills Limited(IDSM)	14.66 ▼ -1.19 (-7.51%)
Blessed Tex. / Nov 30 Blessed Textiles Limited(BTL)	317.28 ▼ -25.72 (-7.50%)
Sapphire Textile / Nov 30 Sapphire Textile Mills Limited(SAPT)	1063.75 ▼ -86.24 (-7.50%)
Metro Steel / Nov 30 Metropolitan Steel Corporation Limited(MSCL)	21.37 ▼ -1.73 (-7.49%)
Pak Gulf Leasing / Nov 30 Pak-Gulf Leasing Company Limited(PGLC)	6.91 ▼ -0.54 (-7.25%)
Pak Oxygen Ltd. / Nov 30 Pakistan Oxygen Limited(PAKOXY)	106 ▼ -6.80 (-6.03%)

Stock	Volume
B.O.Punjab / Nov 30 The Bank of Punjab(BOP)	50,052,966 ▼ -0.11
Cnergyico PK / Nov 30 Cnergyico PK Limited(CNERGY)	35,689,157 ▲ 0.00
Pak Refinery / Nov 30 Pakistan Refinery Limited(PRL)	35,409,231 ▲ 0.09
WorldCall Telecom / Nov 30 Worldcall Telecom Limited(WTL)	30,751,189 ▼ -0.01
Kohinoor Spining / Nov 30 Kohinoor Spinning Mills Limited(KOSM)	23,573,500 ▼ -0.18
The Searle Co. / Nov 30 The Searle Company Limited(SEARL)	21,694,598 ▼ -0.64
Dewan Cement / Nov 30 Dewan Cement Limited(DCL)	21,032,000 ▲ 0.07
Pak Elektron / Nov 30 Pak Elektron Limited(PAEL)	15,329,837 ▼ -0.11
TPL Properties / Nov 30 TPL Properties Limited(TPLP)	14,893,960 ▲ 0.07
Fauji Foods Ltd / Nov 30 Fauji Foods Limited(FFL)	14,887,907 ▲ 0.54

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 30	285.78
USD PKR Interbank Buying / Nov 30	285.23
USD to Japanese Yen / Nov 30	147.02
USD to Swiss Franc / Nov 30	0.87
Pound Sterling to USD / Nov 30	1.27
Euro to USD / Nov 30	1.10
UK LIBOR % / Nov 29	5.46

Stock	Volume
S&P 500 / Nov 29	4550.58
Nasdaq / Nov 29	14258.49
FTSE 100 / Nov 29	7423.46
Dow Jones / Nov 29	35430.42
Germany DAX 30 / Nov 29	16166.45
France CAC40 / Nov 29	7267.64
India Sensex / Nov 30	66809.11
Tokyo Nikkei / Nov 30	33255.37
Hang Seng / Nov 30	16957.65

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 29	17735
Gold 10 Grams PKR / Nov 29	185614
Crude Oil USD/Barrel / Nov 30	78.06
Gold Spot USD/Ounce / Nov 30	2044.28
Cotton US¢/pound / Nov 30	79.69

Avari Hotels, Avari family target of alleged blackmail & vilification campaign

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