Trends - Tax - Business Recorder

Tax

New tax regime for builders & developers

This is a package for tax regime for persons engaged in construction industry as builders and developers. This is a...

Published 07 Jan, 2021 03:15am

Business

July-December 2020: Sindh E&T collects over Rs43.95bn

KARACHI: Sindh Excise and Taxation (E&T) department has collected over Rs43.95 billion from July 2020 to ...

Published 07 Jan, 2021 03:15am

FBR estimates Rs1trn revenue loss

ISLAMABAD: The Federal Board of Revenue (FBR) has estimated a revenue loss of approximately Rs1 trillion in its tax...

Updated 07 Jan, 2021 03:44am

Pakistan

Excise deptt to impose tax on new units at Highways, motorways from July

The tax will be imposed to the new units from July 2021, Khan informed.

Published 06 Jan, 2021 06:22pm

Markets

Asian markets drift as Georgia runoffs take spotlight

Oil prices extended gains after soaring nearly five percent Tuesday on news that Saudi Arabia had offered to cut output by a million barrels in both February and March.

Published 06 Jan, 2021 10:26am

World

India plans tough annual targets for state firms to boost valuations

The government, which is trying to rein in its fiscal deficit, wants state-run firms to focus on improving market capitalisation and dividend payouts from the 2021/22 fiscal year, starting April, as well as ramping up the sale of non-core assets, the sources said.

Published 21 Dec, 2020 09:35am

World

Biden backs son Hunter after US tax probe revealed

During his unsuccessful re-election campaign, President Donald Trump launched repeated accusations against Hunter and said the Bidens were a "corrupt" family and a "criminal enterprise."

Published 18 Dec, 2020 04:56pm

Pakistan

ECC approves policies for mobile device, electric vehicle manufacturing, removes 4pc tax on local phone production

Moreover, removal of Sales Tax on locally manufactured phones was also approved in principle and modalities would be worked out in consultation with the Finance Division.

Updated 16 Dec, 2020 09:34pm

World

Merkel says her party doesn't want property tax to cover pandemic costs

Finance Minister Olaf Scholz, the Social Democrat chancellor candidate for next year's federal election, has backed calls to reintroduce a wealth tax in Germany to pay back public debt amassed during the pandemic.

Published 16 Dec, 2020 06:30pm

Pakistan

PRA collects 8pc more tax in five months

PRA spokesperson told the media here Wednesday that this FY, the authority managed to collect eight percent more revenues when compared with Rs 42.7 billion tax revenue of the corresponding months last fiscal year (2019-20).

Updated 16 Dec, 2020 07:03pm

World

UK jobless rate rises again, redundancies hit record high

The number of redundancies reached a record high of 370,000 in the August-to-October period, although it decreased in October alone, the Office for National Statistics said.

Published 15 Dec, 2020 05:11pm

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