Trends - GST - Business Recorder

GST

GST concession on tractors: Farmers not happy with new SRO

ISLAMABAD: The country’s farming community has strongly reacted to the government decision for not extending GST...

Published 16 May, 2022 06:36am

Business & Finance

Steel sector: IREN empowered to detect GST evasion

ISLAMABAD: The Federal Board of Revenue (FBR) has empowered the Inland Revenue Enforcement Network (IREN) to check...

Published 27 Apr, 2022 05:19am

Finance Bill, 2022: GST exemption to diplomats, privileged class may be restored

ISLAMABAD: The government may restore sales tax exemption to diplomats, diplomatic missions, and privileged persons...

Updated 26 Apr, 2022 10:18am

Govt likely to curb fuel subsidies

ISLAMABAD: Present government may withdraw the subsidy on petrol entirely by raising its price by Rs 21 per litre...

Updated 24 Apr, 2022 09:09am

Business & Finance

Medicine production: PPMA urges PM to withdraw 17pc tax on raw materials

ISLAMABAD: The Pakistan Pharmaceutical Manufacturers’ Association (PPMA) has urged Prime Minister Shehbaz Sharif ...

Published 14 Apr, 2022 04:55am

GST on seeds likely to be removed

ISLAMABAD: The government is likely to remove General Sales Tax (GST) on seeds aimed at minimizing cost of ...

Updated 23 Mar, 2022 09:54am

Opinion

The costs of inaction

The political temperature is heating up. In the quest for survival, the tough economic decisions are kept on the...

Published 14 Mar, 2022 07:01am

Markets

‘Substantial’ raise likely in petroleum products’ prices

ISLAMABAD: The federal government may announce a substantial raise in petroleum products prices up to Rs5.59 per...

Updated 26 Feb, 2022 10:30am

Editorials

To control inflation and help the vulnerable

EDITORIAL: The Khan administration’s overarching objective to help the poor and vulnerable cannot be faulted and...

Published 23 Feb, 2022 04:54am

Opinion

First leverage then renegotiation

The Khan administration maintains that a change in government will not reverse the rise in price of any single item...

Published 21 Feb, 2022 07:25am

FCA for Jan: Govt mulling hiking power tariff by Rs6.1/unit

ISLAMABAD: Following the highest-ever increase in petroleum prices effective February 16, the Government has ...

Updated 20 Feb, 2022 09:02am

GST on supplies: Charity hospitals suffer big setback

ISLAMABAD: Hospitals in Pakistan, especially those running on donations/charities have suffered the big setback due...

Updated 18 Feb, 2022 09:56am

Pakistan

Shielding from high oil prices: Govt losing Rs70bn a month, says Shaukat Tarin

Finance minister says premier keenly exploring options for public's relief

Published 17 Feb, 2022 08:17pm

Prices of petroleum products hit all-time high

New ex-depot price of petrol is Rs 159.86 from Rs 147.83 per litre

Updated 16 Feb, 2022 10:47am

Sales tax on light diesel abolished

ISLAMABAD: The Federal Board of Revenue (FBR) has abolished sales tax on light diesel oil from January 16, 2022....

Updated 11 Feb, 2022 09:28am

BR Research

FCEPL: the worse is over

It got a lot worse before it could finally get better. After touching rock bottom in CY18, Friesland Campina ...

Published 09 Feb, 2022 08:27am

Pakistan

PKI to launch protest demonstration against govt

LAHORE: The Pakistan Kissan Ittehad (PKI) is going to launch a series of protest demonstration with the slogan...

Published 08 Feb, 2022 06:10am

GST cascading effect impacts Pakistani exporters’ competitiveness: IMF

ISLAMABAD: Pakistan exporters competitiveness is impacted because of the cascading effect of General Sales Tax ...

Updated 06 Feb, 2022 09:18am

Exchange rate broadly in line with fundamentals: IMF

ISLAMABAD: Pakistan’s exchange rate is broadly in line with fundamentals, but due to a challenging external...

Updated 06 Feb, 2022 09:07am

FY22 budget reversed key policies damaging revenue prospects: IMF

ISLAMABAD: The budget 2021-22 delayed key reforms and reversed some key policies damaging revenue prospects. This...

Updated 06 Feb, 2022 09:15am

Pakistan

Civil society for revoking GST on renewable energy technologies

KARACHI: Demanding the government to revoke imposition of general sales tax on solar panels and electric vehicles, a...

Published 04 Feb, 2022 04:43am

Pakistan

DRAP warns pharmacies, others against drug stockpiling

ISLAMABAD: The Drug Regulatory Authority of Pakistan (DRAP) has warned pharmacies, medical stores, and wholesale...

Published 04 Feb, 2022 04:43am

POL products: GST abolished, PL revised downward

Based on existing levels of consumption, estimated revenue loss on account of zero sales tax on petroleum products would be between Rs 21 to 25 billion in one month

Updated 02 Feb, 2022 10:38am

Business & Finance

Livestock farmers to protest against withdrawal of ST exemption on agri inputs

LAHORE: Livestock farmers along with their animals and birds will stage demonstration in all the district, ...

Published 30 Jan, 2022 04:04am

Business & Finance

Raw materials: Pharma industry seeks withdrawal of 17pc GST

LAHORE: The medicine manufacturers have urged the government to review its decision imposing a 17per cent General...

Published 24 Jan, 2022 06:50am

Local supply of plants, machineries: Sales tax zero-rating withdrawn

FBR says the zero-rating to crude oil, which was withdrawn through Finance Act, 2021 has also been restored from January 16, 2022

Updated 21 Jan, 2022 09:32am

Business & Finance

OICCI voices concern over ‘abrupt changes’ in taxes, duties through bill

ISLAMABAD: Overseas Investors Chamber of Commerce and Industry (OICCI) has expressed serious concerns on changes in...

Published 14 Jan, 2022 06:20am

BR Research

GST on infant formula: only vibes, not policy

In his post-budget conference, finance minister and chairman FBR had claimed that the government hopes to eliminate...

Published 13 Jan, 2022 08:05am

‘Mini-budget’: Business council lists its concerns

KARACHI: The Pakistan Business Council (PBC) Wednesday came up with major concerns regarding the Finance...

Updated 13 Jan, 2022 09:27am

Opinion

Don’t scare the investor away, please—II

EPZA also had mobilised investment by promising the same to investors. If whole or part of this concession is...

Published 12 Jan, 2022 04:25am

Gainers
Losers
Leaders

Stock	Price
B. F. Mod. / May 20 B.F. Modaraba(BFMOD)	6.00 ▲ 1.00 (20.00%)
Pak Gulf Leasing / May 20 Pak-Gulf Leasing Company Limited(PGLC)	6.00 ▲ 1.00 (20.00%)
Silk Bank Ltd / May 20 Silkbank Limited(SILK)	1.24 ▲ 0.16 (14.81%)
Paramount Mod / May 20 First Paramount Modaraba(FPRM)	8.00 ▲ 1.00 (14.29%)
Service Textile / May 20 Service Industries Textiles Limited(SERT)	10.90 ▲ 0.90 (9.00%)
Ruby Tex. / May 20 Ruby Textile Mills Limited(RUBY)	4.00 ▲ 0.30 (8.11%)
Aisha Steel Mill / May 20 Aisha Steel Mills Limited(ASL)	11.85 ▲ 0.86 (7.83%)
First Imrooz Mod. / May 20 First Imrooz Modaraba(FIMM)	134.38 ▲ 9.37 (7.50%)
Janana D Mal / May 20 Janana De Malucho Textile Mills Limited(JDMT)	55.04 ▲ 3.84 (7.50%)
Sapphire Textile / May 20 Sapphire Textile Mills Limited(SAPT)	1004.55 ▲ 70.05 (7.50%)

Stock	Price
East West Ins. / May 20 East West Insurance Company Limited(EWIC)	77.07 ▲ -12.49 (-13.95%)
Pak. P.V.C. / May 20 Pakistan PVC Limited(PPVC)	4.32 ▲ -0.42 (-8.86%)
Trust Mod. / May 20 Trust Modaraba(TRSM)	1.66 ▲ -0.14 (-7.78%)
Crescent Cotton / May 20 Crescent Cotton Mills Limited(CCM)	46.25 ▲ -3.75 (-7.50%)
Gatron Ind. / May 20 Gatron (Industries) Limited(GATI)	415.10 ▲ -33.65 (-7.50%)
AL-Noor Sugar / May 20 Al-Noor Sugar Mills Limited(ALNRS)	61.86 ▲ -5.01 (-7.49%)
Frontier Ceram / May 20 Frontier Ceramics Limited(FRCL)	29.60 ▲ -2.39 (-7.47%)
S.G.Power / May 20 S.G. Power Limited(SGPL)	4.45 ▲ -0.35 (-7.29%)
Imperial Limited / May 20 Imperial Limited(IML)	13.95 ▲ -1.06 (-7.06%)
Pace (Pak) Ltd. / May 20 Pace (Pakistan) Limited(PACE)	2.99 ▲ -0.22 (-6.85%)

Stock	Volume
Ghani Glo Hol / May 20 Ghani Global Holdings Limited(GGL)	15,051,376 ▼ 0.00
WorldCall Telecom / May 20 Worldcall Telecom Limited(WTL)	13,323,000 ▼ 0.00
Silk Bank Ltd / May 20 Silkbank Limited(SILK)	13,067,500 ▼ 0.00
Telecard Limited / May 20 Telecard Limited(TELE)	9,576,000 ▼ 0.00
Cnergyico PK / May 20 Cnergyico PK Limited(CNERGY)	7,490,536 ▼ 0.00
Fauji Cement / May 20 Fauji Cement Company Limited(FCCL)	6,985,000 ▼ 0.00
Unity Foods Ltd / May 20 Unity Foods Limited(UNITY)	6,435,098 ▼ 0.00
Engro Polymer / May 20 Engro Polymer & Chemicals Limited(EPCL)	5,808,622 ▼ 0.00
Pak Int.Bulk / May 20 Pakistan International Bulk Terminal(PIBTL)	5,229,500 ▼ 0.00
Pak Elektron / May 20 Pak Elektron Limited(PAEL)	5,056,000 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 19	199.00
USD PKR Interbank Buying / May 19	198.80
USD to Japanese Yen / May 19	128.45
USD to Swiss Franc / May 19	0.99
Pound Sterling to USD / May 19	1.23
Euro to USD / May 19	1.05
UK LIBOR % / May 19	0.82

Stock	Volume
S&P 500 / May 19	3923.68
India Sensex / May 19	54208.53
Tokyo Nikkei / May 19	26205.29
Nasdaq / May 19	11418.16
Hang Seng / May 19	20041.14
FTSE 100 / May 19	7438.09
Dow Jones / May 19	31490.07
Germany DAX 30 / May 19	14007.76
France CAC40 / May 19	6352.94

Item	Value
Crude Oil / May 19	110.10
Karachi Cotton Assoc. / May 19	21180.00
Gold 10 Grams / May 19	113300.00
Gold Spot / May 19	1815.89
Cotton / May 19	128.99

GST

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