Trends - GST - Business Recorder

GST

World Bank’s PRR project: FBR asked to coordinate with provinces on GST- and IPF-related matters

ISLAMABAD: A joint panel of Economic Affairs Division (EAD) and World Bank (WB) has directed Federal Board of ...

Published 20 Mar, 2023 06:12am

PL on HSD to go up by Rs5/litre

ISLAMABAD: The federal government is most likely to increase the petroleum levy (PL) on high-speed diesel (HSD) by...

Updated 15 Mar, 2023 08:50am

Business & Finance

Single GST return system: FBR, provinces likely to discuss delay soon

ISLAMABAD: The Federal Board of Revenue (FBR) and provinces are expected to sit together during the current week to...

Published 14 Mar, 2023 03:18am

WB links release of $400m to GST dispute settlement

ISLAMABAD: World Bank (WB) has reportedly linked release of $400 million of RISE-II program to resolution of dispute...

Updated 14 Mar, 2023 09:22am

Business & Finance

Expert stresses need to increase tax-to-GDP ratio

ISLAMABAD: The government’s decision to increase sales tax rate from 17 to 18 per cent is a temporary measure, as...

Published 13 Mar, 2023 07:37am

Business & Finance

FBR survey: Businesses find it difficult to file GST returns compared to IT returns

ISLAMABAD: A survey of the business community conducted by the Federal Board of Revenue (FBR) revealed that...

Published 11 Mar, 2023 03:16am

Pakistan

USC providing subsidy on basic items

ISLAMABAD: Utility Stores Corporation (USC) is providing special subsidy on basic items under the Prime Minister’s...

Published 09 Mar, 2023 06:23am

25pc ST on luxury goods’ import awaits cabinet’s nod

ISLAMABAD: Federal Cabinet has yet not approved 25 percent sales tax on the import of hundreds of luxury items and...

Updated 04 Mar, 2023 09:03am

Policy rate hiked by 300bps to 20pc to tame inflation

KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) on Thursday increased the key...

Updated 03 Mar, 2023 08:53am

25pc GST on luxury items: FBR will move a summary

ISLAMABAD: The Federal Board of Revenue (FBR) will move a summary to the federal cabinet for imposing a higher rate...

Updated 28 Feb, 2023 09:36am

First half of March: Fuel prices may be kept unchanged by adjusting PL

ISLAMABAD: The federal government may keep the prices of fuel unchanged in the first half of March (1-15) by...

Updated 28 Feb, 2023 09:35am

Business & Finance

Rs170bn taxes apply to meet IMF conditions: President signs finance bill into law

ISLAMABAD: President Arif Alvi Thursday signed the Finance (Supplementary) Bill, 2023, implementing additional taxes...

Published 24 Feb, 2023 06:00am

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

Markets

Prices of essential items witness sharp increase

PESHAWAR: A steep increase in prices of live chicken/meat, pulses, black tea, vegetables, edible oil/ghee, sweet/...

Published 20 Feb, 2023 06:53am

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

Opinion

IMF programme & reforms

Pakistan, one of the major victims of climate change, is fighting alone to manage the damages caused due to...

Published 17 Feb, 2023 06:00am

Opinion

The Finance (Supplementary) Bill 2023: a comment

General: The Finance Minister has laid Finance (Supplementary) Bill 2023 on the floor of the Parliament. (National...

Published 17 Feb, 2023 06:00am

Business & Finance

Meeting IMF conditions to further fuel inflation: analyst

KARACHI: Chairman of the National Business Group Pakistan and President of Pakistan Businessmen and Intellectuals...

Published 16 Feb, 2023 06:08am

Dar presents Rs170bn tax measures

Blames previous government and last year’s devastating floods for the current economic situation

Updated 16 Feb, 2023 09:00am

POL products’ prices jacked up

ISLAMABAD: The federal government Wednesday increased the prices of petroleum products up to 8.8 percent with effect...

Updated 16 Feb, 2023 08:57am

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

Business & Finance

To be presented in parliament today: Cabinet approves Finance Supplementary Bill

ISLAMABAD: A meeting of the Federal Cabinet has approved the Finance Supplementary Bill 2023 to be presented in the...

Published 15 Feb, 2023 07:20am

Business & Finance

LCs issue results in shortage of steel rebars

ISLAMABAD: The country is facing severe shortage of steel rebars due to the delay in the opening of the Letters of...

Published 14 Feb, 2023 05:58am

‘Viable’ energy sector: PD fails to prepare plan

ISLAMABAD: Power Division has reportedly failed to prepare a plan for a “viable” energy sector by steering the...

Updated 14 Feb, 2023 08:58am

Business & Finance

Reforms aimed at enhancing productivity can help economy grow sustainably, says World Bank

ISLAMABAD: Pakistan’s economy can grow sustainably only if the country introduces productivity-enhancing reforms...

Published 11 Feb, 2023 07:41am

Opinion

FBR, IMF & revenue targets

The federal budget for fiscal year (FY) 2022-23 assigned an ambitious target of Rs. 7.470trillion to the Federal...

Published 10 Feb, 2023 03:56am

World

India will not merge GST tax rates in 2023/24: government official

India will not overhaul its Goods and Services Tax (GST) regime in the next fiscal year, a senior official said on...

Published 06 Feb, 2023 04:36pm

Business & Finance

BMP vows to resist IMF pressure to enhance GST to 18pc

LAHORE: As the International Monetary Fund has been pushing the government to increase the general sales tax rate to...

Published 06 Feb, 2023 06:20am

Editorials

‘Mini-budget’ revenue impact raised

EDITORIAL: Informed sources have revealed exclusively to Business Recorder that the Ministry of Finance has ...

Published 31 Jan, 2023 06:01am

Business & Finance

PKR slide likely to fuel inflation in a big way

ISLAMABAD: The depreciation of Pak rupee by 13.5 percent by Friday in the interbank rate will raise inflation to 35...

Updated 30 Jan, 2023 09:26am

Gainers
Losers
Leaders

Stock	Price
Trust Mod. / Mar 22 Trust Modaraba(TRSM)	1.55 ▲ 0.33 (27.05%)
Pak Gulf Leasing / Mar 22 Pak-Gulf Leasing Company Limited(PGLC)	6.20 ▲ 0.55 (9.73%)
Premier Insurance / Mar 22 Premier Insurance Limited(PINL)	6.80 ▲ 0.55 (8.80%)
Hala Enterprise / Mar 22 Hala Enterprises Limited(HAEL)	6.90 ▲ 0.53 (8.32%)
Bal. Wheel / Mar 22 Baluchistan Wheels Limited(BWHL)	61.38 ▲ 4.28 (7.50%)
Pak Tobacco / Mar 22 Pakistan Tobacco Company Limited(PAKT)	717.60 ▲ 50.05 (7.50%)
Shield Corp. / Mar 22 Shield Corporation Limited(SCL)	227.90 ▲ 15.90 (7.50%)
Sapphire Fibres / Mar 22 Sapphire Fibres Limited(SFL)	954.79 ▲ 66.61 (7.50%)
Towellers Ltd. / Mar 22 Towellers Limited(TOWL)	219.35 ▲ 15.30 (7.50%)
Tandlianwala Sugar / Mar 22 Tandlianwala Sugar Mills Limited(TSML)	77.88 ▲ 5.43 (7.49%)

Stock	Price
Jubilee Spinning / Mar 22 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	2.92 ▼ -0.49 (-14.37%)
Saritow Spinning / Mar 22 Saritow Spinning Mills Limited(SSML)	4.18 ▼ -0.39 (-8.53%)
First Pak Mod. / Mar 22 First Pak Modaraba(PAKMI)	1.40 ▼ -0.12 (-7.89%)
Samba Bank / Mar 22 Samba Bank Limited(SBL)	7 ▼ -0.60 (-7.89%)
Dawood Equities / Mar 22 Dawood Equities Limited(DEL)	3.81 ▼ -0.32 (-7.75%)
Engro Poly(Pref / Mar 22 Engro Poly(Pref)(EPCLPS)	11.98 ▼ -1.00 (-7.70%)
Siddiqsons Tin / Mar 22 Siddiqsons Tin Plate Limited(STPL)	6.30 ▼ -0.52 (-7.62%)
Balochistan Glass / Mar 22 Balochistan Glass Limited(BGL)	12.30 ▼ -1.00 (-7.52%)
S.S.Oil / Mar 22 S.S.Oil Mills Limited(SSOM)	99.30 ▼ -8.05 (-7.50%)
Pakistan Services / Mar 22 Pakistan Services Limited(PSEL)	1188 ▼ -95.90 (-7.47%)

Stock	Volume
Fauji Cement / Mar 22 Fauji Cement Company Limited(FCCL)	17,466,000 ▼ -0.15
WorldCall Telecom / Mar 22 Worldcall Telecom Limited(WTL)	11,070,759 ▼ -0.01
Thatta Cement / Mar 22 Thatta Cement Company Limited(THCCL)	9,211,500 ▼ -0.26
Fauji Foods Ltd / Mar 22 Fauji Foods Limited(FFL)	7,739,024 ▼ -0.07
Ghani Glo Hol / Mar 22 Ghani Global Holdings Limited(GGL)	5,924,540 ▼ -0.65
Telecard Limited / Mar 22 Telecard Limited(TELE)	5,534,500 ▼ -0.49
Cnergyico PK / Mar 22 Cnergyico PK Limited(CNERGY)	4,848,036 ▼ -0.11
Unity Foods Ltd / Mar 22 Unity Foods Limited(UNITY)	4,691,640 ▼ -0.61
Pak Elektron / Mar 22 Pak Elektron Limited(PAEL)	4,522,500 ▼ -0.47
Hascol Petrol / Mar 22 Hascol Petroleum Limited(HASCOL)	4,470,500 ▼ -0.28

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 22	283.70
USD PKR Interbank Buying / Mar 22	283.25
USD to Japanese Yen / Mar 22	132.42
USD to Swiss Franc / Mar 22	0.92
Pound Sterling to USD / Mar 22	1.22
Euro to USD / Mar 22	1.08
UK LIBOR % / Mar 21	4.56

Stock	Volume
S&P 500 / Mar 21	4002.87
Nasdaq / Mar 21	11860.11
Dow Jones / Mar 21	32560.60
India Sensex / Mar 22	58196.91
Tokyo Nikkei / Mar 22	27466.61
Hang Seng / Mar 22	19591.43
FTSE 100 / Mar 22	7515.89
Germany DAX 30 / Mar 22	15179.43
France CAC40 / Mar 22	7097.16

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 21	19235
Gold 10 Grams PKR / Mar 21	177726
Crude Oil USD/Barrel / Mar 22	69.01
Gold Spot USD/Ounce / Mar 22	1940.41
Cotton US¢/pound / Mar 22	77.98

GST

Most Popular Articles