Trends - GST - Business Recorder

GST

Only photovoltaic cells exempted from sales tax: FBR

ISLAMABAD: The Federal Board of Revenue (FBR) has clarified that the exemption of sales tax previously available on...

Updated 02 Dec, 2023 03:33pm

Business & Finance

Meeting scheduled for December: World Bank board to consider for approval $350m RISE-II project

ISLAMABAD: The World Bank’s Board of Executive Directors is scheduled to meet next month to consider for approval...

Published 22 Nov, 2023 05:48am

Agri dues: MoF may deduct Rs45.6bn from Balochistan’s NFC share

ISLAMABAD: Finance Ministry is likely to deduct Rs 45.6 billion from Balochistan’s NFC (National Finance Commission)...

Updated 18 Nov, 2023 09:05am

Petrol price slashed by Rs2.04, HSD’s by Rs6.47

ISLAMABAD: Interim government on Wednesday announced a significant reduction in the ex-depot prices of petroleum...

Updated 16 Nov, 2023 09:26am

Net-metering consumers: Discos asked to approach FBR for tax applicability issues

ISLAMABAD: National Electric Power Regulatory Authority (Nepra) has directed Power Distribution Companies (Discos)...

Updated 06 Nov, 2023 09:17am

Business & Finance

Towel exporters demand payment of sales tax refunds

KARACHI: Syed Usman Ali, the Senior Vice Chairman of the Towel Manufacturers Association of Pakistan, has voiced...

Updated 25 Oct, 2023 08:47am

Markets

Oil price cut aimed at to meet levy target?

ISLAMABAD: Petroleum Division announced a reduction in the price of petrol by Rs 40 per litre, a cut of 12 percent,...

Published 19 Oct, 2023 05:10am

ERS or STARR system: Taxpayers allowed to file non-export-related GST refunds

ISLAMABAD: The Federal Board of Revenue (FBR) has allowed taxpayers to file non-export-related sales tax refunds,...

Updated 19 Oct, 2023 09:36am

GST evaded through flying invoices estimated at Rs5-6trn

Use of fake/flying invoices to commit sales tax fraud increases after facilitation, automation and easy ways to get sales tax registrations

Updated 22 Sep, 2023 10:00am

Business & Finance

Speakers underscore need for abolishing distinction between filer and non-filer

ISLAMABAD: The speakers at the Pakistan Institute of Development Economics (PIDE) conference on Sunday said that the...

Published 11 Sep, 2023 07:21am

Opinion

Sales tax blues

Given rampant sales tax evasion and slowdown in consumer demand, the government is highly unlikely to meet its...

Published 11 Sep, 2023 06:32am

Pakistan

CAP opposes early closure of markets, proposes alternative measures

LAHORE: The Chain stores in the country, while opposing the government’s decision of early closure of markets, has...

Published 10 Sep, 2023 03:20am

Business & Finance

PIDE conference ‘Govt relies heavily on indirect taxes resulting in overwhelming collective revenues’

ISLAMABAD: Economists at a roundtable conference organised by the Pakistan Institute of Development Economics (PIDE)...

Published 08 Sep, 2023 06:01am

Govt hikes price of petrol by Rs14.91, HSD’s by Rs18.44

ISLAMABAD: The interim government on Friday hiked once again the prices of petroleum products up to Rs 18.44 per...

Updated 01 Sep, 2023 08:43am

Opinion

Doing away with GST on electricity?

It is already happening what was expected. People have come out against rising electricity bills. Protests may...

Published 30 Aug, 2023 03:33am

Business & Finance

Workshop on taxation organised at CBD Punjab Complex

LAHORE: In a bid to foster financial literacy and raise awareness about tax implications among its employees, Punjab...

Published 24 Aug, 2023 06:22am

GPP for KP project: Implementation progress rated as satisfactory by World Bank

ISLAMABAD: The World Bank has rated the overall implementation progress of the Governance and Policy Programme (GPP)...

Updated 11 Aug, 2023 09:27am

Editorials

Track-and-trace system loses its own track

EDITORIAL: The tobacco manufacturing industry is the single largest contributor to the Federal Board of Revenue’s...

Published 05 Aug, 2023 06:00am

Exporters trapped in GST refunds: TMA urges govt to restore SRO 1125(I)/2011 in true letter and spirit

KARACHI: Senior Vice Chairman of the Towel Manufacturers Association of Pakistan Syed Usman Ali has expressed severe...

Updated 04 Aug, 2023 09:56am

Business & Finance

Govt hikes petrol and HSD prices, albeit ‘reluctantly’

ISLAMABAD: The coalition government of Pakistan Muslim League-Nawaz (PML-N) has allowed a significant raise of ...

Published 02 Aug, 2023 06:47am

Goods under brand name, trademark: Bulk supplies chargeable to GST: FBR

ISLAMABAD: The Federal Board of Revenue (FBR) will charge sales tax on bulk supplies of goods made under brand names...

Updated 25 Jul, 2023 10:03am

Opinion

Another hybrid body needed to widen the tax net

The addition of Special Facilitation Investment Council (SFIC) to the already existing hybrid organization and...

Updated 21 Jul, 2023 07:12am

CCP analysis on SME sector: ‘Complex regulatory regime pushes up cost of doing business’

ISLAMABAD: The Competition Commission of Pakistan (CCP) has declared that the complex regulatory regime has created...

Updated 16 Jul, 2023 09:22am

GST on services: Rs235bn target set

KARACHI: The Sindh government has set Rs 235 billion revenue collection target for sales tax on services for the ...

Updated 11 Jun, 2023 08:09am

Finance Bill 2023: Rate of GST on e-integrated textile retailers up 3pc

ISLAMABAD: The government has enhanced the rate of sales tax on electronically-integrated textile retailers from the...

Updated 10 Jun, 2023 08:49am

Power production, transmission and distribution: Centre’s powers of GST collection go to provinces

ISLAMABAD: In a significant move, the government has transferred the Centre’s powers of collection of sales tax on...

Published 10 Jun, 2023 04:31am

Business & Finance

Telecom industry’s growth key to nation’s prosperity: Azfar

KARACHI: Muhammad Azfar Ahsan, Founder & CEO Nutshell Group; former Minister of State & Chairman Board of...

Published 09 Jun, 2023 06:20am

Business & Finance

Cellular mobile sector: Factors behind slower growth identified

ISLAMABAD: The economic slowdown and increased operational costs have resulted in slower growth of the cellular...

Published 09 Jun, 2023 06:20am

Pakistan

Govt urged to reduce GST on raw material for sanitary napkins

ISLAMABAD: Mehnaz Akbar Aziz, member of the National Assembly (MNA) and chairperson for the Parliamentary Committee...

Published 07 Jun, 2023 06:05am

Slow growth, rising inflation: SBP projects a double whammy for country

Says demand management measures and floods in 2022 have weighed heavily on the country’s growth outlook for FY23

Updated 20 May, 2023 07:23pm

Gainers
Losers
Leaders

Stock	Price
Trust Mod. / Dec 6 Trust Modaraba(TRSM)	2.16 ▲ 0.60 (38.46%)
First Elite Cap.Mod / Dec 6 First Elite Capital Modaraba(FECM)	4 ▲ 1.00 (33.33%)
Treet Corp. (R) / Dec 6 Treet Corporation Limited (R)(TREETR2)	4.14 ▲ 0.76 (22.49%)
LSE Propetech / Dec 6 LSE Propetech Limited(LSEPL)	4.55 ▲ 0.79 (21.01%)
F.Credit & Inv / Dec 6 First Credit and Investment Bank Limited(FCIBL)	6.51 ▲ 1.00 (18.15%)
Hascol Petrol / Dec 6 Hascol Petroleum Limited(HASCOL)	6.69 ▲ 1.00 (17.57%)
HBL Invest Fund / Dec 6 HBL Investment Fund(HIFA)	3.80 ▲ 0.49 (14.80%)
LSE Ventures / Dec 6 LSE Ventures Limited(LSEVL)	5.57 ▲ 0.71 (14.61%)
F. Nat.Equities / Dec 6 First National Equities Limited(FNEL)	6.70 ▲ 0.80 (13.56%)
Redco Textile / Dec 6 Redco Textiles Limited(REDCO)	6.90 ▲ 0.80 (13.11%)

Stock	Price
Dar-es-Salaam / Dec 6 Dar-es-Salaam Textile Mills Limited(DSML)	7.51 ▼ -0.74 (-8.97%)
Ist.Dawood Bank / Dec 6 First Dawood Investment Bank Limited(FDIBL)	2.30 ▼ -0.19 (-7.63%)
Kohat Textile / Dec 6 Kohat Textile Mills Limited(KOHTM)	19.81 ▼ -1.61 (-7.52%)
MithchellsFruit / Dec 6 Mitchells Fruit Farms Limited(MFFL)	208.72 ▼ -16.92 (-7.50%)
Shadman Cotton / Dec 6 Shadman Cotton Mills Limited(SHCM)	14.42 ▼ -1.17 (-7.50%)
Land Mark Spinning / Dec 6 Landmark Spinning Industries Limited(LMSM)	16.47 ▼ -1.33 (-7.47%)
SME Leasing Ltd / Dec 6 SME Leasing Limited(SLL)	1.90 ▼ -0.15 (-7.32%)
786 Invest Ltd / Dec 6 786 Investments Limited(786)	5.47 ▼ -0.40 (-6.81%)
Suraj Cotton / Dec 6 Suraj Cotton Mills Limited(SURC)	136.50 ▼ -9.50 (-6.51%)
J.K.Spinning / Dec 6 J.K. Spinning Mills Limited(JKSM)	44 ▼ -3.00 (-6.38%)

Stock	Volume
K-Electric Ltd. / Dec 6 K-Electric Limited(KEL)	143,393,681 ▲ 0.16
Cnergyico PK / Dec 6 Cnergyico PK Limited(CNERGY)	82,309,654 ▲ 0.05
WorldCall Telecom / Dec 6 Worldcall Telecom Limited(WTL)	56,884,642 ▲ 0.02
Hascol Petrol / Dec 6 Hascol Petroleum Limited(HASCOL)	54,169,500 ▲ 1.00
Pak Refinery / Dec 6 Pakistan Refinery Limited(PRL)	53,701,236 ▲ 0.84
Fauji Foods Ltd / Dec 6 Fauji Foods Limited(FFL)	37,662,460 ▲ 0.06
P.T.C.L. / Dec 6 Pakistan Telecommunication Company Ltd(PTC)	36,098,500 ▲ 0.03
Pak Petroleum / Dec 6 Pakistan Petroleum Limited(PPL)	35,317,902 ▲ 0.99
Oil & Gas Dev. / Dec 6 Oil & Gas Development Company Limited(OGDC)	31,154,943 ▼ -0.61
The Searle Co. / Dec 6 The Searle Company Limited(SEARL)	28,673,613 ▲ 3.11

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 6	284.43
USD PKR Interbank Buying / Dec 6	284.13
USD to Japanese Yen / Dec 6	147.26
USD to Swiss Franc / Dec 6	0.87
Pound Sterling to USD / Dec 6	1.26
Euro to USD / Dec 6	1.08
UK LIBOR % / Dec 5	5.46

Stock	Volume
S&P 500 / Dec 5	4567.18
Nasdaq / Dec 5	14229.91
Dow Jones / Dec 5	36124.56
India Sensex / Dec 6	69555.66
Tokyo Nikkei / Dec 6	33445.90
Hang Seng / Dec 6	16427.53
FTSE 100 / Dec 6	7516.04
Germany DAX 30 / Dec 6	16541.49
France CAC40 / Dec 6	7392.44

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 5	17235
Gold 10 Grams PKR / Dec 5	189043
Crude Oil USD/Barrel / Dec 6	72.27
Gold Spot USD/Ounce / Dec 6	2021.37
Cotton US¢/pound / Dec 6	80.12

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