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withholding tax

Reforms in taxation system demanded

PESHAWAR: Members of the business community demanded reforms in the taxation system, and to bring down the ratio of...

Updated 22 Jan, 2024 08:55am

$400m ‘Pakistan Raises Revenue’ project: World Bank rates implementation progress moderately satisfactory

ISLAMABAD: The World Bank has rated the overall implementation progress of Pakistan Raises Revenue project of worth...

Updated 26 Dec, 2023 09:11am

FY23 sales of immovable properties: WHT collection registers 340.5pc growth YoY

Federal Board of Revenue releases withholding tax data

Updated 29 Nov, 2023 09:51am

Business & Finance

‘Customs denying exemption to importers of HEVs’

LAHORE: Customs authorities are allegedly denying exemption to the importers of Hybrid Electric Vehicles (HEVs) ...

Published 04 Oct, 2023 06:20am

FBR ‘rues’ WHT deduction on mobile cards

ISLAMABAD: The Federal Board of Revenue (FBR) has criticised its policy of withholding tax deduction on mobile...

Updated 12 Sep, 2023 09:13am

2022-23: Rs160bn ST collected from power sector

ISLAMABAD: Total sales tax collection (domestic) from the power sector including electricity bills stood over Rs160...

Updated 29 Aug, 2023 09:12am

FTO probe results in Rs2bn demand against NHA

ISLAMABAD: The investigation completed by Dr Asif Mahmood Jah Federal Tax Ombudsman (FTO) has resulted in huge tax...

Updated 28 Aug, 2023 09:48am

UoSC payment to NTDC: Tax dept issuing notices to Discos for not deducting WHT

LAHORE: The Income Tax department is issuing notices to the power distribution companies (Discos) for not deducting...

Updated 25 Aug, 2023 09:43am

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

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

CCP urges SBP to enable SMEs to avail lower interest rates

ISLAMABAD: The Competition Commission of Pakistan (CCP) has asked the State Bank of Pakistan (SBP) to make it easier...

Updated 16 Jul, 2023 09:21am

New Rs438bn taxation measures enforced

Sales tax has been increased from 12 per cent to 15 per cent on supplies made by POS retailers dealing in leather and textile products from July 1, 2023

Updated 02 Jul, 2023 03:17pm

SBP to help FBR run ‘SWAPS’ thru RAAST

ISLAMABAD: The State Bank of Pakistan (SBP) will facilitate the Federal Board of Revenue (FBR) in fully...

Updated 22 Jun, 2023 08:55am

Opinion

This is a time of deep introspection

Pakistan is spiraling into abject poverty and is slipping further into the abyss. The World Bank (WB) reports that...

Published 14 Jun, 2023 06:21am

Sugar import: Cut in tax rates amongst reasons behind huge income tax exemptions cost

ISLAMABAD: The reduction in tax rates including withholding tax on the import of sugar is one of the reasons for...

Updated 12 Jun, 2023 08:43am

Non-corporate businesses: RRMC suggests hike in tax rates

ISLAMABAD: The Reforms & Revenue Mobilization Commission (RRMC) has strongly recommended an increase in tax ...

Updated 25 May, 2023 08:53am

FTO asks FBR to conduct ‘withholding audit’ of NHA

ISLAMABAD: Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to conduct a withholding...

Updated 22 May, 2023 08:58am

Delayed notifications: Wind energy association not happy with Power Division

ISLAMABAD: Pakistan Wind Energy Association is reportedly unhappy with Power Division for delaying notifications of...

Updated 22 May, 2023 09:01am

Business & Finance

OICCI urges govt to abolish WHT on telecom users

ISLAMABAD: The Overseas Investors Chamber of Commerce and Industry (OICCI) has urged the government to abolish...

Published 09 May, 2023 05:37am

Non-filers: Govt considering imposing WHT on banking transactions

ISLAMABAD: The government is considering to impose withholding tax on banking transactions of non-filers of income...

Updated 24 Jan, 2023 09:01am

Business & Finance

FBR directed to withdraw notice of WHT monitoring to deceased

ISLAMABAD: While disposing of a complaint, the Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue...

Published 14 Jan, 2023 06:22am

Business & Finance

FTO asks FBR to withdraw notices against deceased taxpayer

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

Updated 07 Jan, 2023 11:10am

Technology

Telecom sector seeks critically-needed fiscal space

ISLAMABAD: The telecom sector seeks urgent policy interventions from the government to provide critically-needed...

Published 18 Nov, 2022 07:35am

FY22 withholding tax collection grows 24pc to 1.53trn YoY

ISLAMABAD: The withholding tax (WHT) collection stood at Rs 1,534.4 billion during 2021-22 against Rs 1,237.3...

Updated 03 Oct, 2022 09:36am

Pakistan

FTO seeks clarification from FBR over tax on judicial allowance

LAHORE: Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jah has sought clarification from the Federal Board of Revenue...

Published 16 Sep, 2022 07:08am

Business & Finance

‘Registering 0.3m new taxpayers is unrealistic target’

ISLAMABAD: The government’s commitment with the International Monetary Fund (IMF) to register 0.3 million more...

Published 05 Sep, 2022 06:37am

Import of onion, tomato given tax exemption

Business & Finance

Miftah assures Motiwala-led body over removal of budget anomalies

KARACHI: An anomaly committee constituted by the Ministry of Finance under the chairmanship of Zubair Motiwala held...

Published 26 Jun, 2022 06:40am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	278.52
USD PKR Interbank Buying / Apr 25	278.32
USD to Japanese Yen / Apr 25	155.60
USD to Swiss Franc / Apr 25	0.91
Pound Sterling to USD / Apr 25	1.25
Euro to USD / Apr 25	1.07

Stock	Volume
S&P 500 / Apr 24	5070.63
Nasdaq / Apr 24	15712.75
Dow Jones / Apr 24	38460.92
India Sensex / Apr 25	73780.80
Tokyo Nikkei / Apr 25	37628.48
Hang Seng / Apr 25	17264.90
FTSE 100 / Apr 25	8077.84
Germany DAX 30 / Apr 25	17994.97

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Petrol/Litre / Apr 25	293.94
Crude Oil USD/Barrel / Apr 25	83.02
Gold Spot USD/Ounce / Apr 25	2325.45
Diesel/Litre / Apr 25	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 25 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 25 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 25 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 25 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 25 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 25 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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