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taxpayers

Assigning assessment-related duties: FTO asks FBR to restrain IRS Audit Cadre officers

ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to bar the officers of...

Updated 05 Sep, 2023 09:09am

PTBA asks FBR to take notice of sudden change in IRIS module

LAHORE: Pakistan Tax Bar Association (PTBA) leadership has urged Chairman Federal Board of Revenue (FBR) to look...

Updated 04 Sep, 2023 09:37am

FTO summons senior FBR members for declaring manual income tax filers as inactive

ISLAMABAD: The Federal Tax Ombudsman (FTO) has summoned senior Federal Board of Revenue (FBR) members in an...

Updated 04 Sep, 2023 09:26am

Business & Finance

Sales tax law: FBR seeks to introduce concept of ‘Best judgment Assessment’

ISLAMABAD: The Federal Board of Revenue (FBR) has proposed to introduce the concept of “Best judgment ...

Published 04 Sep, 2023 06:21am

Business & Finance

Aug SRB revenue collection rises 36pc to Rs 16.02bn YoY

KARACHI: The Sindh Revenue Board (SRB) has announced its revenue collection figures for August 2023, showing 36%...

Published 02 Sep, 2023 06:55am

FBR launches automated system (portal) for taxpayers

ISLAMABAD: The Federal Board of Revenue (FBR), Friday, launched an automated system (portal) for taxpayers to obtain...

Updated 02 Sep, 2023 09:16am

FTO’s advice: FBR may introduce separate salary return form

ISLAMABAD: On the recommendations of the Federal Tax Ombudsman (FTO), the Federal Board of Revenue (FBR) is expected...

Updated 31 Aug, 2023 09:32am

Shamshad holds virtual meeting with IMF staff team

ISLAMABAD: Over a week after assuming charge of caretaker Finance Minister, Dr Shamshad Akhtar, has reportedly held...

Updated 26 Aug, 2023 06:27pm

Business & Finance

Taxpayers’ facilitation: Banks told to implement ‘DIRBS’ in AJK and GB

KARACHI: The State Bank of Pakistan (SBP) has asked banks for implementation of Device Identification Registration...

Published 23 Aug, 2023 05:50am

Power sector grabs finance minister’s immediate attention

Caretaker Finance Minister Shamshad Akhtar visits Federal Board of Revenue to review progress so far on implementation of $3 billion Stand-by-Arrangement of the International Monetary Fund

Updated 22 Aug, 2023 10:06am

Business & Finance

FBR redrafts law dealing with payments to non-residents

ISLAMABAD: The Federal Board of Revenue (FBR) has redrafted the law dealing with the payments made to non-residents...

Updated 20 Aug, 2023 11:39am

Caretaker setup to ensure fiscal discipline: PM

Caretaker Prime Minister Anwar-ul-Haq Kakar says will try to ensure the sanctity of taxpayers’ money

Updated 19 Aug, 2023 09:50am

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

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

Business & Finance

Access to SRB’s portal marred by unexpected maintenance delay

KARACHI: Taxpayers in Karachi are unable to pay provincial sales tax as the tax filing portal of Sindh Revenue Board...

Published 17 Aug, 2023 03:49am

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

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

World

India receives record number of ITRs

ISLAMABAD: The total number of income tax returns (ITRs) filed in India for the assessment year (AY) 2023-24, filed...

Published 13 Aug, 2023 02:55am

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

GPP for KP project: Implementation progress rated as satisfactory by World Bank

ISLAMABAD: The World Bank has rated the overall implementation progress of the Governance and Policy Programme (GPP)...

Updated 11 Aug, 2023 09:27am

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

Opinion

Partly Facetious: If push comes to shove

“There is an urgent need for those who receive a salary at the taxpayers’ expense to be trained on how to ...

Published 10 Aug, 2023 06:35am

Business & Finance

Section 7E of Income Tax Ord: IR Commissioners told to issue exemptions in 1-2 days: FBR chief

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Amjad Zubair Tiwana Wednesday said the FBR has directed...

Updated 10 Aug, 2023 06:56am

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

Valuation of immovable properties: FBR suspends proposed increase till next month

ISLAMABAD: In a major development, the Federal Board of Revenue (FBR) has temporarily suspended a major increase...

Updated 06 Aug, 2023 11:13am

Business & Finance

Defiance regarding recommendations: FTO urged to exert his authority

ISLAMABAD: The Federal Tax Ombudsman (FTO) has been urged to be strict with the department when there is deliberate...

Published 04 Aug, 2023 06:20am

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

Pakistan

Real estate, construction: Demand to appoint advisor to PM in caretaker setup

ISLAMABAD: The government needs to create a special position of ‘Advisor to the Prime Minister on Real Estate and...

Published 01 Aug, 2023 06:19am

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

Gainers
Losers
Leaders

Stock	Price
First Elite Cap.Mod / Dec 9 First Elite Capital Modaraba(FECM)	5 ▲ 1.00 (25.00%)
Chakwal Spinning / Dec 9 Chakwal Spinning Mills Limited(CWSM)	2.44 ▲ 0.40 (19.61%)
Punjab Mod / Dec 9 First Punjab Modaraba(FPJM)	1.98 ▲ 0.27 (15.79%)
Saritow Spinning / Dec 9 Saritow Spinning Mills Limited(SSML)	8.35 ▲ 1.00 (13.61%)
Jubilee Spinning / Dec 9 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	8.80 ▲ 1.00 (12.82%)
F.Treet Manuf / Dec 9 First Treet Manufacturing Modaraba(FTMM)	4.60 ▲ 0.50 (12.20%)
K-Electric Ltd. / Dec 9 K-Electric Limited(KEL)	4.45 ▲ 0.48 (12.09%)
Samba Bank / Dec 9 Samba Bank Limited(SBL)	9.35 ▲ 1.00 (11.98%)
P.T.C.L. / Dec 9 Pakistan Telecommunication Company Ltd(PTC)	9.72 ▲ 1.00 (11.47%)
Dewan Textile / Dec 9 Dewan Textile Mills Limited(DWTM)	4.75 ▲ 0.47 (10.98%)

Stock	Price
Sec. Inv. Bank / Dec 9 Security Investment Bank Limited(SIBL)	5.74 ▼ -1.00 (-14.84%)
Tri-Star Mutual / Dec 9 Tri-Star Mutual Fund Limited(TSMF)	5.05 ▼ -0.49 (-8.84%)
Supernet Ltd. / Dec 9 Supernet Limited(GEMSPNL)	12.90 ▼ -1.05 (-7.53%)
Universal Network (GEM) / Dec 9 Universal Network Systems Limited (GEM)(GEMUNSL)	23.53 ▼ -1.91 (-7.51%)
Leather Up Ltd. / Dec 9 Leather Up Limited(LEUL)	10.54 ▼ -0.81 (-7.14%)
Trust Mod. / Dec 9 Trust Modaraba(TRSM)	2 ▼ -0.15 (-6.98%)
LSE Propetech / Dec 9 LSE Propetech Limited(LSEPL)	4.46 ▼ -0.33 (-6.89%)
Ismail Ind. / Dec 9 Ismail Industries Limited(ISIL)	1300 ▼ -95.00 (-6.81%)
Kohat Textile / Dec 9 Kohat Textile Mills Limited(KOHTM)	18.31 ▼ -1.19 (-6.10%)
Hoechst Pak. / Dec 9 Hoechst Pakistan Limited(HPL)	1200 ▼ -77.00 (-6.03%)

Stock	Volume
K-Electric Ltd. / Dec 9 K-Electric Limited(KEL)	341,598,066 ▲ 0.48
Cnergyico PK / Dec 9 Cnergyico PK Limited(CNERGY)	98,899,853 ▲ 0.02
WorldCall Telecom / Dec 9 Worldcall Telecom Limited(WTL)	97,311,739 ▲ 0.04
Hascol Petrol / Dec 9 Hascol Petroleum Limited(HASCOL)	60,506,500 ▲ 0.27
P.T.C.L. / Dec 9 Pakistan Telecommunication Company Ltd(PTC)	57,212,000 ▲ 1.00
Kohinoor Spining / Dec 9 Kohinoor Spinning Mills Limited(KOSM)	56,298,000 ▲ 0.42
Fauji Foods Ltd / Dec 9 Fauji Foods Limited(FFL)	47,608,697 ▲ 0.96
Pak Elektron / Dec 9 Pak Elektron Limited(PAEL)	42,544,241 ▲ 1.23
Hum Network / Dec 9 Hum Network Limited(HUMNL)	40,175,500 ▲ 0.07
TPL Properties / Dec 9 TPL Properties Limited(TPLP)	36,065,929 ▲ 0.08

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 8	284.30
USD PKR Interbank Buying / Dec 8	283.95
USD to Japanese Yen / Dec 8	143.72
USD to Swiss Franc / Dec 8	0.88
Pound Sterling to USD / Dec 8	1.26
Euro to USD / Dec 8	1.08
UK LIBOR % / Dec 7	5.48

Stock	Volume
S&P 500 / Dec 7	4585.59
Nasdaq / Dec 7	14340
Dow Jones / Dec 7	36117.38
India Sensex / Dec 8	69810.76
Tokyo Nikkei / Dec 8	32305.33
Hang Seng / Dec 8	16275.13
FTSE 100 / Dec 8	7514.73
Germany DAX 30 / Dec 8	16654.79
France CAC40 / Dec 8	7458.02

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 7	17235
Gold 10 Grams PKR / Dec 7	187671
Crude Oil USD/Barrel / Dec 8	70.35
Gold Spot USD/Ounce / Dec 8	2031.22
Cotton US¢/pound / Dec 8	82.72

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