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Taxes

Petition against property tax revision: IHC issues notices to ECP and MCI

ISLAMABAD: The Islamabad High Court (IHC), Tuesday, issued notices to the Metropolitan Corporation of Islamabad...

Published 15 May, 2024 05:47am

Blocking SIM cards of non-filers: IHC stays govt decision

ISLAMABAD: The Islamabad High Court (IHC) on Tuesday stayed the Federal Board of Revenue’s (FBR’s) decision to block...

Updated 15 May, 2024 09:18am

FBR proposes Rs1.3trn new taxation measures

Chalks out plan including additional taxes, withdrawal of exemptions and zero-ratings and taxation of real estate/retail sectors

Updated 15 May, 2024 10:44am

Business & Finance

PCJCCI holds awareness session about role & functions of FTO

LAHORE: Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) organized an awareness session for ...

Published 14 May, 2024 05:18am

Business & Finance

Drive against unregistered, tax-defaulting vehicles intensified

KARACHI: On the instructions of Sindh’s Senior Minister and Provincial Minister for Information, Excise, Taxation,...

Published 14 May, 2024 05:18am

Business & Finance

IMF briefed about tax gap, revenue collection position

ISLAMABAD: The Federal Board of Revenue (FBR) Monday briefed the International Monetary Fund (IMF) on the existing...

Published 14 May, 2024 05:18am

Aurangzeb spells out priorities

Says improving tax-to-GDP ratio, fast privatisation of state-owned enterprises and overhauling energy sector are priorities of the government

Updated 13 May, 2024 10:12am

FPCCI seeks comprehensive tax reforms

LAHORE: To address the issue of tax collection, Federation of Pakistan Chambers of Commerce and Industry (FPCCI)...

Updated 13 May, 2024 09:03am

Economist urges broader reforms in tax administration

LAHORE: Former Finance Minister Dr Hafiz A Pasha has expressed the hope that Pakistan might achieve 13 percent tax...

Updated 13 May, 2024 09:04am

Experts for energy conservation, industrialisation

LAHORE: During a session on “Powering Pakistan’s Future: Strategies to Address the Energy Crisis” jointly organized...

Updated 13 May, 2024 09:28am

Opinion

Growth model needs to be long term

Pakistan has never achieved impressive growth rates in its history with the highest rate (average) achieved in the...

Published 13 May, 2024 06:08am

Business & Finance

PAJCCI for simplification of tax collection procedure

PESHAWAR: Coordinator Pak-Afghan Joint Chamber of Commerce and Industry (PAJCCI), Zia ul Haq Sarhadi has laid stress...

Published 13 May, 2024 06:08am

Editorials

Taxation: maybe we need a rethink

EDITORIAL: The IMF (International Monetary Fund) may ask the government to enhance the tax collection to reach 13...

Published 13 May, 2024 06:08am

IMF for taking agreed contingency revenue measures

ISLAMABAD: The International Monetary Fund (IMF) has urged the Pakistani authorities to take agreed contingency...

Updated 11 May, 2024 08:10pm

Business & Finance

Upcoming budget: Pakistan may impose Rs1.3trn additional taxes

KARACHI: For further negotiation with our global lenders for extended fund facilities, the multilateral and ...

Published 11 May, 2024 06:22am

Business & Finance

Telecos agree to start blocking SIMs of non-filers

ISLAMABAD: The cellular companies’/ telecom operators have agreed with the Federal Board of Revenue (FBR) to...

Published 11 May, 2024 06:22am

Business & Finance

Digitalisation of tax system: Contract signed with McKinsey

ISLAMABAD: Finance Minister Muhammad Aurangzeb Friday said the digital transformation is a key priority for the...

Published 11 May, 2024 06:22am

Business & Finance

IMF asks govt to raise taxes on luxury goods

ISLAMABAD: International Monetary Fund (IMF) has asked government to progressively raise excises on luxury goods...

Published 11 May, 2024 06:22am

Opinion

Transforming FBR

In the light of dynamic shifts in business and advancements in technology, it is opportune for the Federal Board of...

Published 10 May, 2024 04:17am

Business & Finance

Illicit cigarette market inflicting Rs300bn annual loss on national exchequer: study

ISLAMABAD: The illicit sector now holds a major share of 54 percent of the cigarette market in Pakistan as compared...

Published 10 May, 2024 04:17am

Business & Finance

Tajir Dost Scheme: First phase limited to only registration: FBR

PESHAWAR: Chief Commissioner Inland Revenue, Regional Tax Office (RTO) Peshawar, Zafar Iqbal Khan has said that the...

Published 10 May, 2024 04:17am

Business & Finance

IMF to support CCP’s capacity building: Ruiz

ISLAMABAD: Esther Pérez Ruiz, the IMF Resident Representative in Pakistan, visited the Competition Commission of...

Updated 10 May, 2024 04:53am

Pakistan

Income tax refunds’ e-processing: IHC issues notice to Member IR FBR

ISLAMABAD: The Islamabad High Court (IHC) has issued a notice to Member Inland Revenue (Policy) Federal Board of...

Published 08 May, 2024 06:43am

Tax system digitalisation: FBR forms project management team

ISLAMABAD: The Federal Board of Revenue (FBR) has constituted a project management team for tax system...

Updated 08 May, 2024 08:50am

Erstwhile tribal areas: Tax, duty exemptions not to be extended beyond June 30

ISLAMABAD: The government has decided not to further extend the exemption from duties and taxes for the erstwhile...

Updated 08 May, 2024 09:19am

ST registered persons: FBR modifies requirement of filing balance sheet

ISLAMABAD: The Federal Board of Revenue (FBR), Tuesday, modified a controversial requirement for filing balance...

Updated 08 May, 2024 09:17am

2022-23 period: Army paid Rs100bn duties, taxes: DG ISPR

ISLAMABAD: Director General Inter-Services Public Relations (DG ISPR) Maj-Gen Ahmed Sharif on Tuesday said the...

Updated 08 May, 2024 09:18am

Liquidation of appeals before IR, ATIR: Tax Laws Act to be effective from May 6

ISLAMABAD: The government has enforced the Tax Laws (Amendment) Act, 2024 from May 6, 2024, in an attempt to...

Updated 08 May, 2024 08:48am

Business & Finance

‘No new laws should be made for existing taxpayers’: LCCI

LAHORE: President of the Lahore Chamber of Commerce and Industry (LCCI) Kashif Anwar has said that no new laws ...

Published 07 May, 2024 06:27am

Business & Finance

Services by provinces: Jul-Mar GST collection soars 23pc to Rs353.223bn YoY

ISLAMABAD: There has been an increase of 23 percent in the collection of sales tax on services (GST) by the ...

Published 07 May, 2024 06:05am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 15	278.43
USD PKR Interbank Buying / May 15	278.23
USD to Japanese Yen / May 15	156.28
USD to Swiss Franc / May 15	0.91
Pound Sterling to USD / May 15	1.26
Euro to USD / May 15	1.08

Stock	Volume
S&P 500 / May 14	5246.68
Nasdaq / May 14	16511.18
Hang Seng / May 14	19073.71
Dow Jones / May 14	39558.11
India Sensex / May 15	73025.23
Tokyo Nikkei / May 15	38385.73
FTSE 100 / May 15	8467.99
Germany DAX 30 / May 15	18796.11

Item	Value
Karachi Cotton PKR/37.32 KG / May 14	19935
Gold 10 Grams PKR / May 14	207733
Petrol/Litre / May 15	288.49
Crude Oil USD/Barrel / May 15	78.55
Gold Spot USD/Ounce / May 15	2361.55
Diesel/Litre / May 15	281.96

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 15 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 15 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 15 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 15 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 15 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 15 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 15 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 15 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 15 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 15 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 15 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 15 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 15 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 15 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 15 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 15 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 15 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 15 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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

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