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Tax

NA passes ‘mini-budget’, SBP bill amid awful din

The Finance (Supplementary) Bill, 2021 also known as ‘mini-budget’ was passed by the house with some amendments presented by Finance Minister Shaukat Tarin

Updated 14 Jan, 2022 09:19am

Pakistan

Covid-19 and Ramazan: Q3 and Q4 revenue targets may be revised downward

LAHORE: The Federal Board of Revenue (FBR) may revise revenue target downward for 3rd and 4th quarters keeping in...

Published 13 Jan, 2022 07:17am

Editorials

Removal of distortions

EDITORIAL: Dr Muhammad Ashfaq, Chairman Federal Board of Revenue (FBR), while briefing the Senate Standing Committee...

Updated 10 Jan, 2022 09:14am

BR Research

Mini-budget and Telecoms

Say a prayer for the goose that lays golden eggs! The fidgeting, budgeting, tax-chasing government has historically...

Published 06 Jan, 2022 07:44am

Pakistan

PM pays Rs9,854,959 tax

ISLAMABAD: Prime Minister Imran Khan has paid tax of Rs9,854,959 during tax year 2019 against Rs282,449 paid in tax...

Published 04 Jan, 2022 06:54am

‘Mini-budget’: Delay of a few days doesn’t really matter: Tarin

Says a date of January 12 has been fixed with the IMF and it should not be any problem for the Fund to extend it for two or four days

Updated 04 Jan, 2022 09:28am

Rs343bn exemptions withdrawn: Rs251bn will be refunded/adjusted to pharma, other sectors

ISLAMABAD: Rs251 billion out of total Rs343 billion tax exemptions withdrawn in the Finance Supplementary Bill, ...

Updated 04 Jan, 2022 10:10am

MPs’ tax directory for 2019 released by FBR: Who paid how much tax?

ISLAMABAD: The Federal Board of Revenue (FBR) released its Parliamentarians’ Tax Directory (Tax Year 2019) on...

Updated 04 Jan, 2022 09:55am

Markets

Import of seeds: growers irked by proposed withdrawal of tax exemption

LAHORE: Growers strongly reacted to the proposal of withdrawal of sales tax exemption on import of seeds through...

Published 02 Jan, 2022 05:05am

Ex-post facto approval given: $4bn foreign commercial loans exempted from tax

ISLAMABAD: The Federal Cabinet has granted ex-post facto approval to exempt foreign commercial loans of $ 4 billion...

Updated 29 Dec, 2021 10:27am

Pakistan

Benefits of reforms to reach masses ‘soon’: Farrukh

FAISALABAD: State Minister for Information and Broadcasting Farrukh Habib has said that people will soon start...

Published 13 Dec, 2021 06:45am

Business & Finance

POS-integrated Tier-1 retail outlets: FBR launches much-awaited prize scheme for shoppers

ISLAMABAD: Federal Board of Revenue (FBR) has launched the much-awaited prize scheme for the shoppers from...

Published 13 Dec, 2021 06:45am

Business & Finance

New valuation of properties: FBR to engage SBP experts

ISLAMABAD: The FBR has decided to engage top property valuation experts of the State Bank of Pakistan to have...

Published 07 Dec, 2021 06:29am

Pakistan

PAJCCI welcomes Asif Jah’s appointment as FTO

PESHAWAR: Vice President, Pak-Afghan Joint Chamber of Commerce and Industry (PAJCCI), Ziaul-Haq Sarhadi has welcomed...

Published 06 Dec, 2021 06:19am

Editorials

‘Elite capture’ challenge

EDITORIAL: Prime Minister Imran Khan while giving an interview to Hamza Yusuf, President, Zaytuna College,...

Published 30 Nov, 2021 05:23am

Pakistan

Tax breaks kick country’s electric car shift into higher gear

ISLAMABAD: Businessman Nawabzada Kalam Ullah Khan had been planning to swap his family’s petrol-powered cars for...

Published 23 Nov, 2021 03:54am

Business & Finance

IT refunds: FTO issues order against CTOL

ISLAMABAD: The Federal Tax Ombudsman (FTO) has issued a landmark order against an Inland Revenue Commissioner of the...

Published 22 Nov, 2021 05:31am

Business & Finance

All imports of Afghanistan: SAARC chamber hails decision to abolish tax

ISLAMABAD: SAARC Chamber of Commerce and Industry Sunday expressed its gratitude to Pakistan for abolishing tax on...

Published 15 Nov, 2021 05:42am

Pakistan

Corrupt taxmen: Delays in inquiries will cost FBR officials dearly

ISLAMABAD: The Federal Board of Revenue (FBR) will withdraw special allowance of the inquiry officials, who will ...

Published 12 Nov, 2021 04:46am

Opinion

'Tax havens'

This is apropos a Business Recorder op-ed "Tax havens" carried by the newspaper sometime ago. The writer, Farhat ...

Published 08 Nov, 2021 05:19am

Business & Finance

Shift to digital mode of payments: FBR extends deadline to November 30

Extension comes after 40-day grace period granted earlier expired on October 31

Updated 01 Nov, 2021 07:19pm

Business & Finance

BankIslami declares Rs1.85bn PAT for 9 months

KARACHI: BankIslami Pakistan announced financial results for the nine months ended September 30, 2021. Despite...

Published 29 Oct, 2021 05:05am

Business & Finance

After KTBA, FPCCI also criticises FBR's 'digital payments' measure

Writes letter to FBR chairman, says amendment made without taking business community on board

Updated 26 Oct, 2021 09:11pm

Business & Finance

KTBA calls FBR's digital payments measure 'anti-business, contradictory'

Writes letter to FBR chairman, argues provision of law is anti-business; sans due diligence and is incorporated without taking the stakeholders into confidence

Updated 25 Oct, 2021 08:58pm

Business & Finance

UK's Sunak says inflation, rates feed into budget thinking

LONDON: British finance minister Rishi Sunak said on Sunday that the outlook for interest rates and inflation will...

Updated 24 Oct, 2021 02:46pm

Business & Finance

China to expand property tax trial to check speculation

BEIJING: China is set to expand pilot property tax reforms, state media reported, as the government battles real...

Published 24 Oct, 2021 10:09am

Editorials

Income tax amendment Ordinance issues

EDITORIAL: The fifteen days extended date for filing of Income tax returns has ended on 15th October. The rationale...

Published 18 Oct, 2021 04:42am

World

Panama fears could be hit by new ICIJ 'Pandora Papers' leak

PANAMA CITY: Panama fears the publication Sunday of a new expose about financial secrecy in global tax havens could...

Published 03 Oct, 2021 01:54pm

BR Research

Filing returns!

The FBR gave in and extended the tax submission deadline by 15 days as reports of the system choking grew on the ...

Published 01 Oct, 2021 07:25am

Business & Finance

El Salvador: Foreign investors exempt from tax on bitcoin profits

SAN SALVADOR: El Salvador will exempt foreign investors from taxes on profits on bitcoin speculation in the country,...

Published 12 Sep, 2021 03:55am

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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