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اردو

Oct 05, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Print Print 2024-06-27

FBR to impose sales tax on stationery items

Recorder Report Published June 27, 2024

ISLAMABAD: Despite announcement of withdrawal of sales tax on stationery items, the amended Finance Bill 2024 would impose sales tax on stationery items from July 1, 2024.

It was learnt late Wednesday night that Finance Minister Muhammad Aurangzeb, during winding up debate on budget for the next fiscal year in the National Assembly, announced that the sales tax exemptions for stationery items have been maintained.

Finance Bill: Senate sends 128 suggestions to NA

However, sources said that the FBR would impose sales tax on stationery items under the amended Finance Bill 2024.

The amendments in the Finance Bill 2024 would be announced today (Thursday).

Taxes finance minister FBR Sales Tax tax exemptions Muhammad Aurangzeb Finance Bill 2024 Budget 2024 25 Live budget 2024 2025 sales tax on stationery items

Comments

Comments are closed.

EQ Jun 27, 2024 11:41am

Whats the use of increasing / applying sales tax when the collection machinery doesn't work efficiently. This will only increase prices and the vendor will pocket the money.

Recommended (0)

Retired Jun 27, 2024 04:21pm

What will 13% tax-to-GDP achieve? All monies will be spent on official tours, cars, free fuel and electricity and dinners. I'm appalled! They won't cut free fuel for bureaucrats but tax baby milk!!

Recommended (0)

Tariq Qurashi Jun 28, 2024 11:39am

The government needs to cut its own expenditure and stop increasing taxes to fund loan payments and a bloated bureaucracy.

Recommended (0)

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 4	277.65
USD PKR Interbank Buying / Oct 4	277.45
USD to Japanese Yen / Oct 4	146.04
USD to Swiss Franc / Oct 4	0.85
Pound Sterling to USD / Oct 4	1.31
Euro to USD / Oct 4	1.10

Stock	Volume
S&P 500 / Oct 4	5,699.94
India Sensex / Oct 4	83,142.90
Tokyo Nikkei / Oct 4	38,635.62
Nasdaq / Oct 4	17,918.47
Hang Seng / Oct 4	22,498.44
FTSE 100 / Oct 4	8,262.02
Dow Jones / Oct 4	42,011.59
Germany DAX 30 / Oct 4	19,041.60

Item	Value
Crude Oil USD/Barrel / Oct 4	73.62
Karachi Cotton PKR/37.32 KG / Oct 4	18,085
Gold 10 Grams PKR / Oct 4	237,572.70
Gold Spot USD/Ounce / Oct 4	2,665.49
Cotton US¢/pound / Oct 4	72.35
Petrol/Litre / Oct 5	247.03

Gainers
Losers
Leaders

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

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

Stock	Volume
P.I.A.C.(A) / Oct 5 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Oct 5 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Oct 5 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Oct 5 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Oct 5 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Oct 5 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Oct 5 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Oct 5 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Oct 5 Telecard Limited(TELE)	12,358,668 ▲ 0.00