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Tax

Finance ministry estimates flood losses at $18.5bn: Miftah Ismail

Finance minister assures textile sector that govt will supply cotton and fuel 'no matter what we have to do'

Updated 10 Sep, 2022 10:24pm

BR Research

INDU: No regrets

Never running out of style, it would seem, Indus Motors (PSX: INDU) bragged an unapologetic earnings growth of 23...

Published 31 Aug, 2022 08:38am

Markets

UK budget think tank warns future PM against big tax cuts

LONDON: Britain’s next prime minister will not have room to make large, permanent tax cuts, the Institute for Fiscal...

Published 18 Aug, 2022 12:32pm

Monthly salary of master mariner on foreign vessel: FBR cannot impose tax on remittances: FTO

ISLAMABAD: The Federal Tax Ombudsman (FTO) was taken aback as to how the Federal Board of Revenue (FBR) can impose a...

Updated 18 Aug, 2022 09:40am

Govt takes step to spur forex inflows thru export boost

Finance Minister Miftah Ismail says there will be no tax on companies exporting at least 10pc of their products

Updated 18 Aug, 2022 09:45am

Business & Finance

China set for new tax probe on independent oil refiners

SINGAPORE: China is set to begin another round of tax inspections on independent refiners that will last months,...

Published 08 Aug, 2022 03:32pm

Business & Finance

Minimum tax rate on OMCs’ turnover cut under Finance Act

Drops from 0.75% to 0.5%

Updated 22 Jul, 2022 12:30pm

Markets

Russia reduces sunflower oil export tax sharply to support exports

Sanctions-hit Russia has reduced its sunflower oil export tax sharply after changing the formula it uses for...

Published 02 Jul, 2022 01:34pm

Pakistan

Watch: Finance Minister Miftah Ismail's entire address in National Assembly

Clarifies super tax of 4% will be applicable to all sectors.
For specified 13 sectors, another 6% will be added for a total of 10%
Their tax rates will go from 29% to 39%
This is a one-time tax aimed at curtailing previous four record budget deficits, says Miftah

Published 24 Jun, 2022 02:45pm

Pakistan

Watch: PM Shehbaz Sharif's entire address on 10% super tax on large industries

We intend to tax high income earners so that the entire nation can reap the benefit through education, health, infrastructure, skills education and IT uplift, he says
Tax will be applicable on cement, steel, sugar, oil and gas, fertiliser, LNG, textile, banks, automobile, beverages, chemicals, tobacco and airlines
Collection from this tax will be used to alleviate poverty in Pakistan

Updated 24 Jun, 2022 02:53pm

Pakistan

PM Shehbaz slaps 10% 'super tax' on large-scale industries

One-time levy to be imposed on cement, steel, sugar, oil and gas, fertiliser, LNG , textile, banking, and automobile sectors among others for FY23

Updated 24 Jun, 2022 05:53pm

Business & Finance

Hazara region: KPRA registers over 200 service providers

PESHAWAR: Khyber Pakhtunkhwa Revenue Authority (KPRA) has registered over 200 service providers in Hazara region...

Published 23 May, 2022 08:02am

Business & Finance

U.S. Treasury’s Yellen to push Poland on global minimum tax implementation

WARSAW: US Treasury Secretary Janet Yellen will thank Poland for hosting millions of Ukrainian war refugees on...

Published 16 May, 2022 11:41am

Pakistan

FTO disposes of 899 complaints in 3 months

LAHORE: Over 40 percent of the complaints were either rejected by the Federal Tax Ombudsman (FTO) or withdrawn by ...

Published 07 May, 2022 06:49am

Business & Finance

KPRA says operating ‘Restaurant Invoice Monitoring System’ successfully

PESHAWAR: The Khyber Pakhtunkhwa Revenue Authority (KPRA) is successfully operating Restaurant Invoice Monitoring...

Published 03 May, 2022 03:47am

Business & Finance

‘Jazz fully compliant with all tax obligations’

ISLAMABAD: Jazz, Pakistan’s leading digital operator and one of the largest private sector companies, is fully...

Published 08 Apr, 2022 05:28am

Pakistan

Big retailer: Islamabad ATIR withdraws Rs1m penalty

ISLAMABAD: The Appellate Tribunal Inland Revenue, Islamabad has withdrawn a penalty of Rs1,000,000 from a retailer,...

Published 20 Mar, 2022 06:04am

Markets

US opposes Canada's digital services tax proposal

WASHINGTON: The United States on Tuesday announced its opposition to Canada's proposed tax on the largest tech ...

Published 23 Feb, 2022 10:59am

Business & Finance

China plans bigger tax cuts in 2022 to prop up slowing growth

BEIJING: China will unveil bigger tax and fee cuts this year and step up payments to local governments to offset...

Published 22 Feb, 2022 10:09am

Business & Finance

KPRA launches crackdown against non-compliant taxpayers

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

Published 21 Feb, 2022 07:25am

Business & Finance

Soneri Bank announces Rs2,854m PAT

KARACHI: The Board of Directors of Soneri Bank Limited, in their 190th meeting held on Thursday, announced the...

Published 18 Feb, 2022 04:31am

Business & Finance

NA body told: There’s no change in tax, concessionary WHT regime for jewelers

ISLAMABAD: Despite withdrawal of sales tax exemption on jewellery under the Finance (Supplementary) Act, 2022, there...

Published 17 Feb, 2022 06:37am

Markets

Singapore set for 2022 budget surplus as COVID-19 costs recede, tax hike looms

SINGAPORE: Singapore could return to a small budget surplus in 2022 as the economy recovers from the COVID-19...

Published 11 Feb, 2022 10:33am

Business & Finance

Bank AL Habib Ltd posts Rs18.70bn PAT

KARACHI: The Board of Directors of Bank AL Habib Limited (the Bank) announced the bank’s financial results for the...

Published 10 Feb, 2022 04:40am

Business & Finance

FBR fails to implement FTO’s recommendation

ISLAMABAD: The Federal Board of Revenue (FBR) has yet to implement a key recommendation of the Federal Tax Ombudsman...

Published 31 Jan, 2022 07:10am

Business & Finance

KPRA conducts training on tax compliance & litigation risks

PESHAWAR: To improve capacity of staff in withholding tax compliance and reducing tax litigation risks, the Khyber...

Published 29 Jan, 2022 06:05am

Business & Finance

KTBA expresses its concern over SRB notification

KARACHI: Karachi Tax Bar Association (KTBA) has expressed concerns over the Sindh Revenue Board (SRB) notification,...

Published 28 Jan, 2022 04:44am

Pakistan

PIA emerges as non-filer of FED, sales tax returns

Arrears running into billions of rupees remain pending

Updated 25 Jan, 2022 08:47pm

Millionaires make unusual plea: ‘Tax us now’

PARIS: More than 100 millionaires made an unusual plea on Wednesday: “Tax us now”. Their appeal came as a study...

Updated 20 Jan, 2022 09:47am

Mobile recharge: Cos start collecting increased WHT

ISLAMABAD: The cellular companies have started collecting increased withholding tax from cellular customers with...

Updated 19 Jan, 2022 09:32am

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
Petrol/Litre / May 20	273.10
Crude Oil USD/Barrel / May 20	80.09
Gold 10 Grams PKR / May 20	214678
Gold Spot USD/Ounce / May 20	2436.84
Diesel/Litre / May 20	274.08

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 20 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 20 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 20 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 20 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 20 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 20 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 20 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 20 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 20 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 20 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 20 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 20 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 20 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 20 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 20 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 20 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 20 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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