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taxpayers

KPRA continues crackdown on non-compliant taxpayers

PESHAWAR: To improve tax compliance and discourage tax evasion, the Khyber Pakhtunkhwa Revenue Authority (KPRA)...

Published 20 May, 2024 05:44am

Business & Finance

Taxpaying traders & industrialists should be respected: LCCI

LAHORE: President of the Lahore Chamber of Commerce and Industry, Kashif Anwar, emphasized that the taxpayer traders...

Published 17 May, 2024 05:50am

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

Business & Finance

Filing of reference before high court: Mandatory payment of 30pc may be withdrawn: PTBA

KARACHI: Pakistan Tax Bar Association (PTBA) has urged the ministry of law and justice to withdraw the mandatory...

Published 15 May, 2024 05:47am

Editorials

New economic order or the same old one?

EDITORIAL: Federal Finance Minister Muhammad Aurangzeb during his speech at a seminar organised jointly by the...

Published 14 May, 2024 05:18am

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

Blocking SIM cards of non-filers: LTO Islamabad to assist FBR

ISLAMABAD: Large Taxpayer Office (LTO) Islamabad would fully assist the Federal Board of Revenue (FBR) to enforce...

Updated 13 May, 2024 09:26am

Business & Finance

Tribunal sets aside orders of OIR for not following directions of Commissioner-IR Appeals

LAHORE: An Income Tax Tribunal has set-aside the orders of an Officer Inland Revenue (OIR) for not following the...

Published 12 May, 2024 03:09am

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

Seeking stay from court against recovery: 30pc of disputed tax will be deposited with FBR under new Act

ISLAMABAD: Taxpayers have to deposit 30 percent of the determined tax with the Federal Board of Revenue (FBR) in...

Published 09 May, 2024 03:11am

Attachment of bank accounts of taxpayers: FBR orders sales tax/FED recovery only after approval by field committees

ISLAMABAD: The Federal Board of Revenue (FBR) has directed Inland Revenue (IR) field formations to recover sales...

Updated 08 May, 2024 08:51am

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

Editorials

State of the economy

EDITORIAL: The April Monthly Economic Update and Outlook uploaded on the Finance Division website begins on a...

Published 07 May, 2024 06:05am

Pakistan

Minister for increasing resources to serve people better

LAHORE: Punjab Finance Minister Mujtaba Shuja-ur-Rehman emphasised the necessity of increasing the provincial...

Published 03 May, 2024 06:29am

Business & Finance

Fair market value of subsidiary firms shares: No increase in tax in presence of income from business

LAHORE: The tax department could not increase tax in the notional fair market value of the subsidiary company/s...

Published 26 Apr, 2024 04:15am

PM suspends CCIR for ‘deliberate delay in tax cases’

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday suspended Chief Commissioner-Inland Revenue (IR), Large...

Updated 24 Apr, 2024 09:25am

Non-exporters: FBR issuing urgent alert to check misuse of CNICs/NTNs

ISLAMABAD: The Federal Board of Revenue (FBR) is issuing an urgent alert to the Customs field formations to check...

Updated 23 Apr, 2024 08:54am

Opinion

Deemed income tax on ownership of vacant plot of land incorrect—V

All the arguments and contentions made by the Sindh High Court in the aforesaid order which have been emphasised are...

Published 17 Apr, 2024 05:28am

BR Research

Favoured or just lucky?

When it comes to savings, the public sector loves to stick to their own kind. According to a review of annual...

Published 09 Apr, 2024 08:34am

Business & Finance

SRO 350/(I)/2024: PTBA says concerned at non-consideration of ‘fundamentals’

KARACHI: Pakistan Tax Bar Association (PTBA) has expressed its concern over non-consideration of fundamentals in the...

Published 07 Apr, 2024 03:01am

Excellence Award: FBR announces privileges, concessions for top taxpayers

ISLAMABAD: The Federal Board of Revenue (FBR) has announced privileges/concessions for the top taxpayers, who...

Updated 05 Apr, 2024 09:57am

Business & Finance

FTO takes notice of illegal recovery by FBR

ISLAMABAD: The Federal Tax Ombudsman (FTO) has taken notice of an illegal tax recovery by the Federal Board of...

Published 05 Apr, 2024 04:50am

Top taxpayers: Pakistan Honour Card Scheme to be announced

ISLAMABAD: The Federal Board of Revenue (FBR) will announce the “Pakistan Honour Card Scheme” for the top taxpayers...

Updated 02 Apr, 2024 09:42am

Refund of coercively/illegally recovered amount: Taxpayers are not obliged to follow procedural requirements: IHC

ISLAMABAD: Islamabad High Court (IHC) has declared that the taxpayers are not obliged to follow procedural...

Updated 01 Apr, 2024 09:48am

PM gives away excellence awards: Award-winning taxpayers to get ‘blue passport’, ‘honour card’

ISLAMABAD: Prime Minister Shehbaz Sharif has announced to give blue passports and honour cards to the award-winning...

Updated 27 Mar, 2024 08:47am

Business & Finance

Siddiqsons Group chairman receives 4th ‘highest taxpayer award’

KARACHI: Prime Minister Shehbaz Sharif presented awards to 65 leading exporters and compliant taxpayers in a ...

Published 27 Mar, 2024 04:38am

Business & Finance

Forex dealers, ECs, others: e-integration with FBR made mandatory

ISLAMABAD: The Federal Board of Revenue (FBR) has made it mandatory for foreign exchange dealers/exchange companies,...

Updated 23 Mar, 2024 02:52pm

Business & Finance

Tax system digitalisation: PTBA says concerned at certain provisions of new SRO

KARACHI: The Pakistan Tax Bar Association (PTBA) has raised concerns over certain provisions of the recently issued...

Updated 23 Mar, 2024 09:00am

Pakistan

Cable manufacturer challenges ‘automatic selection’ of case

LAHORE: A cable manufacturer has challenged automatic selection of his case for audit, saying that the audit...

Published 22 Mar, 2024 04:57am

Non-submission of comments: PHC attaches salary of FBR chief?

ISLAMABAD: The Peshawar High Court (PHC) has attached the salary of the chairman of the Federal Board of Revenue...

Updated 20 Mar, 2024 08:46am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 20	278.50
USD PKR Interbank Buying / May 20	278.30
USD to Japanese Yen / May 20	156.25
USD to Swiss Franc / May 20	0.91
Pound Sterling to USD / May 20	1.27
Euro to USD / May 20	1.09

Stock	Volume
S&P 500 / May 20	5308.13
India Sensex / May 20	74005.94
Tokyo Nikkei / May 20	38069.68
Nasdaq / May 20	16794.88
Hang Seng / May 20	19636.22
FTSE 100 / May 20	8424.20
Dow Jones / May 20	39806.77
Germany DAX 30 / May 20	18768.96

Item	Value
Karachi Cotton PKR/37.32 KG / May 17	19935
Crude Oil USD/Barrel / May 20	79.65
Gold 10 Grams PKR / May 20	214678
Gold Spot USD/Ounce / May 20	2430.25
Cotton US¢/pound / May 20	76.03
Petrol/Litre / May 21	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 21 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 21 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 21 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 21 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 21 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 21 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 21 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 21 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 21 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 21 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 21 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 21 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 21 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 21 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 21 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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

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