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Federal Excise Duty

Finance (Supplementary) Bill, 2023 adopted: NA acquiesces to IMF tax stipulation

Finance Minister Ishaq Dar says bill proposed to minimise fiscal deficit

Updated 21 Feb, 2023 12:01pm

Business & Finance

Cos plead case before PM: 10pc FED on juices to inflict revenue loss on FBR

ISLAMABAD: The imposition of 10 percent Federal Excise Duty (FED) on juices will actually result in revenue loss to...

Published 17 Feb, 2023 06:36am

Editorials

‘Mini-budget’

EDITORIAL: The revenue measures as revealed in the ‘mini-budget’ were expected as Finance Minister Ishaq Dar had...

Published 17 Feb, 2023 06:00am

Pakistan

Anti-smoking activists hail FED hike on tobacco products

ISLAMABAD: Anti-smoking activists and public health advocates on Thursday welcomed government’s initiative to ...

Published 17 Feb, 2023 06:00am

Fiscal year 2022-23: Tax target raised to Rs7.64trn

Revenue collection target has been increased after additional revenue measures of Rs170 billion, says Federal Board of Revenue Chairman Asim Ahmad

Updated 17 Feb, 2023 10:15pm

Pakistan

Massive tax hike proposed for cigarette cos to benefit illicit firms: PMPL

KARACHI: The unprecedented tax hike proposed for tax-paying tobacco companies would effectively favour the illicit...

Published 16 Feb, 2023 06:08am

Big taxation measures taken through money bill

Govt has dropped proposals to raise FED on imported and locally-manufactured cars and energy drinks

Updated 16 Feb, 2023 10:48am

FED on cigarettes doubled

ISLAMABAD: The government has started the implementation of the mini-budget late Tuesday night by doubling the...

Updated 15 Feb, 2023 08:58am

Business & Finance

FBR drafted no proposal to tax bank deposits

ISLAMABAD: There was no proposal drafted by the Federal Board of Revenue (FBR) at any stage to impose tax on bank...

Updated 13 Feb, 2023 09:01am

Rs650bn collection likely: 1pc hike in ST thru ordinance on the cards

ISLAMABAD: The Federal Board of Revenue (FBR) has estimated to collect Rs650 billion during Feb-June (2022-23) by...

Updated 08 Feb, 2023 09:08am

Business & Finance

FBR seeks to raise FED on motor vehicles

ISLAMABAD: The Federal Board of Revenue (FBR) has proposed to raise the federal excise duty (FED) on imported and...

Updated 28 Jan, 2023 08:42am

Business & Finance

Donation consignments for flood victims: ST, FED and IT on import, supply exempted

ISLAMABAD: The Federal Board of Revenue (FBR) has exempted sales tax, federal excise duty (FED), and income tax on...

Published 26 Jan, 2023 07:09am

Rs300bn taxation measures thru Ord on the way

FBR drafts proposals of new taxation measures to be enforced through the promulgation of the Tax Laws Amendments Ordinance, 2023

Updated 26 Jan, 2023 09:49am

State revenue: FTO directs FBR to implement effective mechanism

ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to implement an effective...

Updated 18 Jan, 2023 08:44am

Business & Finance

Erstwhile tribal areas: Steel and ghee/cooking industries told to justify tax exemption demand

ISLAMABAD: Minister of State for Finance Aisha Ghaus Pasha Thursday categorically conveyed to the steel and...

Updated 30 Dec, 2022 08:42am

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

Business & Finance

Dec 2022: FBR confident of achieving Rs965bn revenue target sans extra taxation steps

ISLAMABAD: The Federal Board of Revenue (FBR) is confident of achieving the revenue collection target of Rs965...

Updated 20 Dec, 2022 09:33am

Revenue collection: PM toughens FY23 target regardless of import contraction

Prime Minister Shehbaz Sharif directs FBR to achieve revenue target of Rs7.6 trillion by June 30

Updated 20 Dec, 2022 09:40am

Business & Finance

Meeting of FBR’s Board-in-Council postponed

ISLAMABAD: The fourth Board-in-Council meeting of the Federal Board of Revenue (FBR) has been postponed on Thursday...

Published 16 Dec, 2022 05:58am

Business & Finance

Revenue collection target: FBR members to brief Board-in-Council on strategy

ISLAMABAD: The Federal Board of Revenue (FBR) Member Inland Revenue (Operations) and Member Customs (Operations) ...

Published 15 Dec, 2022 06:00am

Business & Finance

Rs965bn revenue collection target set for Dec

ISLAMABAD: The revenue collection target of the Federal Board of Revenue (FBR) for December 2022 has been fixed at...

Updated 24 Nov, 2022 09:39am

IT, ST, FED: FBR plans ballot to select cases for audit

ISLAMABAD: The Federal Board of Revenue (FBR) is planning to conduct computerised balloting for selecting the cases...

Updated 21 Nov, 2022 12:29pm

FBR chairman tells NA body: ‘So far, no mini-budget is under consideration’

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Asim Ahmad, Monday, said that so far the FBR is not considering...

Updated 16 Nov, 2022 10:16am

Revenue shortfall may ‘force’ FBR to tax banking profits as well

If revenue shortfall continues in November 2022, then there is a strong possibility of new taxation measures including a gradual increase in sales tax on petroleum products

Updated 14 Nov, 2022 10:08am

Business & Finance

Rs536.53bn target for Nov: ‘Pull your socks up,’ FBR chief tells Chief Commissioners

ISLAMABAD: The Federal Board of Revenue (FBR) Chairman Asim Ahmad Thursday directed Chief Commissioners of field...

Updated 04 Nov, 2022 09:42am

Unmanufactured tobacco: Adjustable FED of Rs390/kg not applicable on farmers: FBR

ISLAMABAD: The Federal Board of Revenue (FBR) Member Inland Revenue (Operations), Malik Amajd Zubair Tiwana, said...

Updated 15 Oct, 2022 09:49am

Rs7.47trn target: 21.5pc growth in FY23 revenue collection required

ISLAMABAD: The Federal Board of Revenue (FBR) requires growth of 21.5 percent in revenue collection to meet the...

Updated 07 Oct, 2022 09:55am

Tobacco: new excise regime unveiled

ISLAMABAD: To control tax evasion in tobacco sector, the government has increased the adjustable Federal Excise Duty...

Updated 23 Sep, 2022 09:51am

Business & Finance

Beverage industry: FTO endorses govt’s proposal for Rs60bn additional taxes

ISLAMABAD: The Federal Tax Ombudsman (FTO) has strongly endorsed the government’s proposal to impose additional...

Updated 06 Sep, 2022 12:54pm

Import and supply of flood goods: FBR gives ST, WHT, FED exemptions

ISLAMABAD: The Federal Board of Revenue (FBR) has granted exemption of sales tax, withholding tax and Federal Excise...

Updated 31 Aug, 2022 09:47am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 20	278.30
USD PKR Interbank Buying / May 20	278.10
USD to Japanese Yen / May 20	155.76
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 17	5303.27
India Sensex / May 17	73917.03
Nasdaq / May 17	16685.97
Dow Jones / May 17	40003.59
Tokyo Nikkei / May 20	39197.34
Hang Seng / May 20	19650.18
FTSE 100 / May 20	8442.03
Germany DAX 30 / May 20	18754.68

Item	Value
Karachi Cotton PKR/37.32 KG / May 17	19935
Crude Oil USD/Barrel / May 20	80.09
Gold 10 Grams PKR / May 20	214678
Gold Spot USD/Ounce / May 20	2436.84
Cotton US¢/pound / May 20	76.56
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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