Trends - Taxes - Business Recorder

Taxes

FDI: disastrous policies

This writer has been writing following in response to the news that the Government of Pakistan is considering...

Published 11 Jan, 2023 06:33am

Business & Finance

0.15m less containers arrived in Jul-Dec: FBR

ISLAMABAD: A total of 0.55 million containers of importable goods/ commodities have reached Pakistan during the...

Updated 11 Jan, 2023 08:54am

Business & Finance

FBR sees Rs1289bn tax gap for 2022

ISLAMABAD: The Federal Board of Revenue (FBR) has worked out overall tax gap of Rs1,289 billion during 2022, which...

Published 10 Jan, 2023 06:28am

Business & Finance

Aptma team told: FBR wants to reduce tax burden on taxpayers

KARACHI: The Federal Board of Revenue (FBR) wants to reduce the burden of tax on the taxpayers, who are already...

Published 06 Jan, 2023 06:55am

Tax demand in respect of Q2 2022 advance tax: IHC sets aside order of DC IR Islamabad

ISLAMABAD: The Islamabad High Court (IHC) set aside the order of Deputy Commissioner Inland Revenue, Islamabad...

Updated 05 Jan, 2023 08:54am

Business & Finance

Power bills: FBR collects double income tax in Karachi

KARACHI: Despite being victimized by dilapidated road infrastructure, high air pollution, gas shortage,...

Published 05 Jan, 2023 05:58am

Opinion

All is far from well

The state of the economy today should be a source of serious concern to the eleven-party coalition government in...

Published 02 Jan, 2023 05:54am

Opinion

To many it sounds like PDM wants to have its cake and eat it

The plot thickens. With SBP’s (State Bank of Pakistan’s) forex reserves expected to fall below $5 billion in a...

Published 02 Jan, 2023 05:54am

Opinion

2023: year of non-neoliberal, non-austerity, counter-cyclical reform policy

Agreed, Pakistan’s credit default swap (CDS) risk has increased substantially during the current year, that it has...

Updated 30 Dec, 2022 06:28am

Editorials

Ishaq Dar’s address: misplaced optimism?

EDITORIAL: Federal Finance Minister Ishaq Dar gave an impassioned virtual address to mark the first listing of the...

Published 30 Dec, 2022 05:50am

Dar addresses ebbing investor confidence

KARACHI/ISLAMABAD: Finance Minister Ishaq Dar Wednesday assured the investors that Pakistan won’t default, adding...

Updated 29 Dec, 2022 08:45am

Business & Finance

Move to bring 2m retailers into tax net: Senate body clears bill on tax laws

ISLAMABAD: The Senate Standing Committee on Finance has cleared the Tax Laws (Second Amendment) Bill, 2022 with some...

Updated 23 Dec, 2022 08:44am

Editorials

Tougher times likely ahead for markets

EDITORIAL: Yesterday, S&P Global cut Pakistan’s long-term sovereign rating by one notch to “CCC+” from “B”. The...

Published 23 Dec, 2022 05:54am

Opinion

Cash surplus of provincial govts

The role of the four provincial governments has increased after the 18th Amendment. They have also become entitled ...

Published 20 Dec, 2022 05:58am

Business & Finance

KP traders call for steps to simplify tax system, broaden tax base

PESHAWAR: Traders community in Khyber Pakhtunkhwa demanded the government and Federal Board of Revenue (FBR) to take...

Published 19 Dec, 2022 06:00am

Pakistan

‘Politically-exposed’ persons facilitate smuggling: As yet no mechanism in place to effectively curb forex outflows

LAHORE: Changes in law and tax provisions have failed to provide mechanism to control unauthorized foreign currency...

Updated 17 Dec, 2022 01:07pm

‘Flood Levy’: FBR has not drafted any proposal

ISLAMABAD: The Federal Board of Revenue (FBR) has not drafted any proposal to impose “Flood Levy” or any new...

Updated 16 Dec, 2022 09:27am

Business & Finance

All revenue targets will be achieved: PM’s aide

KARACHI: Special Assistant to the Prime Minister on Revenue and Minister of State Tariq Mehmood Pasha has said that...

Published 15 Dec, 2022 07:54am

Opinion

‘Shortfall in revenues’

That noted economist Dr Hafiz A Pasha could turn any dry and drab talk into an erudite discussion is a fact. His...

Published 15 Dec, 2022 06:58am

Editorials

Economy: a mess PDM govt is making worse?

EDITORIAL: Pakistan’s economy is trapped in a vicious loop. There are three faultlines; and all of them are...

Published 15 Dec, 2022 06:27am

Business & Finance

On sale of inherited properties: Tax officers charging advance tax ‘unjustly’

LAHORE: Tax officers are charging advance tax unjustifiably against the sale of inherited properties as they ignore...

Updated 13 Dec, 2022 04:46pm

Opinion

PML-N versus PML-N

The markedly different perceptions of the state of the Pakistan economy today between PML-N’s stopgap finance...

Updated 12 Dec, 2022 06:40am

Pakistan

Punjab collects over Rs135bn revenue thru e-Pay Punjab

LAHORE: The Punjab government has collected record tax revenue of over Rs135 billion to date through e-Pay Punjab, ...

Published 09 Dec, 2022 05:58am

Opinion

Contradictions in economic policy stance and a way forward

In its policy prescription, the International Monetary Fund (IMF) has been pushing Pakistan for adopting procyclical...

Updated 09 Dec, 2022 06:32am

Electricity bills: PD says doesn’t want to manage tax, surcharge collection

Expresses willingness to do away with the role of collection of taxes, surcharges on electricity except General Sales Tax

Updated 09 Dec, 2022 09:44am

Opinion

Oily matters – I

Pakistan’s oil imports are the biggest drain on foreign exchange. Current year’s oil import bill has been...

Published 08 Dec, 2022 06:10am

Business & Finance

Business confidence negative: OICCI survey

KARACHI: The Overseas Investors Chamber of Commerce and Industry (OICCI) has announced the results of its...

Updated 08 Dec, 2022 09:12am

Business & Finance

Suspected consignments, delinquent staff: FBR endorses DGI&I Sost’s enforcement action

ISLAMABAD: The Federal Board of Revenue (FBR) has fully endorsed the enforcement action of the Directorate General...

Updated 27 Nov, 2022 09:41am

Business & Finance

Mobile industry underscores need for WGA to battle against headwinds

ISLAMABAD: There is a significant risk of Digital Pakistan not being realised in the current market and regulatory...

Published 25 Nov, 2022 06:26am

Business & Finance

Entire appellate system of FBR requires automation: experts

ISLAMABAD: The Federal Board of Revenue (FBR) requires automation of the whole appellate system starting from the...

Published 11 Nov, 2022 05:54am

Gainers
Losers
Leaders

Stock	Price
JS Bank Ltd / Jun 2 JS Bank Limited(JSBL)	4.39 ▲ 0.31 (7.60%)
Cres.Star Ins. / Jun 2 Crescent Star Insurance Limited(CSIL)	1.43 ▲ 0.10 (7.52%)
AL-Noor Sugar / Jun 2 Al-Noor Sugar Mills Limited(ALNRS)	48.99 ▲ 3.42 (7.50%)
Bestway Cement / Jun 2 Bestway Cement Limited(BWCL)	151.58 ▲ 10.58 (7.50%)
Gatron Ind. / Jun 2 Gatron (Industries) Limited(GATI)	470.69 ▲ 32.84 (7.50%)
Pak Synthetics / Jun 2 Pakistan Synthetics Limited(PSYL)	48.45 ▲ 3.38 (7.50%)
Pak Int.Bulk / Jun 2 Pakistan International Bulk Terminal(PIBTL)	4.16 ▲ 0.24 (6.12%)
Exide (PAK) / Jun 2 Exide Pakistan Limited(EXIDE)	256.15 ▲ 13.15 (5.41%)
Mod.Al-Mali / Jun 2 Modaraba Al-Mali(MODAM)	4.10 ▲ 0.19 (4.86%)
United BankXD / Jun 2 United Bank Limited(UBL)	119.86 ▲ 5.06 (4.41%)

Stock	Price
Khyber Textile / Jun 2 Khyber Textile Mills Limited(KHYT)	582.75 ▼ -47.25 (-7.50%)
Pervez Ahmed Co / Jun 2 Pervez Ahmed Consultancy Services Ltd.(PASL)	0.61 ▼ -0.04 (-6.15%)
AKD Securities / Jun 2 AKD Securities Limited(AKDSL)	20.51 ▼ -1.16 (-5.35%)
Tri-Star Power / Jun 2 Tri-Star Power Limited(TSPL)	10.55 ▼ -0.52 (-4.70%)
Sitara Peroxide / Jun 2 Sitara Peroxide Limited(SPL)	11.23 ▼ -0.46 (-3.93%)
Dewan Farooque Sp. / Jun 2 Dewan Farooque Spinning Mills Limited(DFSM)	2.50 ▼ -0.10 (-3.85%)
Jubile Life InsXD / Jun 2 Jubilee Life Insurance Company Limited(JLICL)	107.10 ▼ -3.89 (-3.50%)
Kohinoor Ind. / Jun 2 Kohinoor Industries Limited(KOIL)	7.25 ▼ -0.25 (-3.33%)
Reliance Ins. / Jun 2 Reliance Insurance Company Limited(RICL)	7.75 ▼ -0.25 (-3.12%)
Dandot Cement / Jun 2 Dandot Cement Company Limited(DNCC)	9.20 ▼ -0.29 (-3.06%)

Stock	Volume
Globe Residency / Jun 2 Globe Residency REIT(GRR)	10,809,000 ▲ 0.33
WorldCall Telecom / Jun 2 Worldcall Telecom Limited(WTL)	9,751,847 ▲ 0.00
Pak Int.Bulk / Jun 2 Pakistan International Bulk Terminal(PIBTL)	5,430,000 ▲ 0.24
Cnergyico PK / Jun 2 Cnergyico PK Limited(CNERGY)	5,281,287 ▼ -0.01
Gul Ahmed / Jun 2 Gul Ahmed Textile Mills Limited(GATM)	4,817,327 ▲ 0.81
Pak Refinery / Jun 2 Pakistan Refinery Limited(PRL)	4,031,577 ▼ -0.09
Pak Elektron / Jun 2 Pak Elektron Limited(PAEL)	3,976,718 ▼ -0.01
Maple Leaf Cement / Jun 2 Maple Leaf Cement Factory Limited(MLCF)	3,969,700 ▲ 0.19
Nishat Power / Jun 2 Nishat Power Limited(NPL)	3,668,458 ▲ 0.17
Agritech Limited / Jun 2 Agritech Limited(AGL)	3,412,000 ▲ 0.04

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 2	285.40
USD PKR Interbank Buying / Jun 2	285.20
USD to Japanese Yen / Jun 2	138.86
USD to Swiss Franc / Jun 2	0.90
Pound Sterling to USD / Jun 2	1.25
Euro to USD / Jun 2	1.08
UK LIBOR % / Jun 1	5.06

Stock	Volume
S&P 500 / Jun 1	4221.02
Nasdaq / Jun 1	13100.98
FTSE 100 / Jun 1	7490.27
Dow Jones / Jun 1	33061.57
Germany DAX 30 / Jun 1	15853.66
France CAC40 / Jun 1	7137.43
India Sensex / Jun 2	62684.71
Tokyo Nikkei / Jun 2	31478.64
Hang Seng / Jun 2	18883.22

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 1	20235
Gold 10 Grams PKR / Jun 1	196331
Crude Oil USD/Barrel / Jun 2	70.50
Gold Spot USD/Ounce / Jun 2	1980.59
Cotton US¢/pound / Jun 2	81.60

Taxes

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