Trends - GST - Business Recorder

GST

Unified GST collection proposed

EDITORIAL: The World Bank has urged the government of Pakistan to merge various federal and provincial revenue...

Published 15 Apr, 2024 03:56am

Provincial GST on franchise fee, air travel: FBR decides to expedite cases in high courts

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to expedite cases in high courts where taxpayers have...

Updated 07 Apr, 2024 09:31am

Opinion

Income, not consumption, taxes: Applying a ‘national income tax’ for a welfare state

‘The fundamental injustice of consumption taxes, relative to income taxes, is that the well-off can postpone them by...

Updated 22 Mar, 2024 11:00am

Dealings with local consumers: IMF for GST registration of online digital platforms

ISLAMABAD: The International Monetary Fund (IMF) has recommended sales tax registration of online digital platforms...

Updated 21 Mar, 2024 08:44am

Opinion

Time to revisit the NFC Award

Notwithstanding the recent IMF demand to amend the existing NFC award, there is a longstanding need to address the...

Published 19 Mar, 2024 04:53am

Business & Finance

Petrol’s price remains unchanged

ISLAMABAD: Federal government on Friday announced to keep the ex-depot price of petrol unchanged, and Rs 1.77 per...

Updated 16 Mar, 2024 05:11pm

Business & Finance

PAAPAM opposes proposed hike in ST on automobiles

LAHORE: The Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) has voiced serious...

Published 25 Feb, 2024 04:51am

Locally-made passenger cars: PAMA protests GST hike proposal by govt

KARACHI: The Pakistan Automotive Manufacturers Association (PAMA) has strongly protested the government’s proposal...

Updated 17 Feb, 2024 09:58am

Business & Finance

Gang behind bogus GST invoices busted

ISLAMABAD: The Directorate of Intelligence & Investigation (Inland Revenue), Islamabad has busted an organised...

Published 15 Feb, 2024 05:39am

PRR project: World Bank accepts govt request

ISLAMABAD: The World Bank has accepted the government’s request for the extension of the closing date and...

Updated 11 Feb, 2024 09:30am

Petrol price likely to increase from Feb 1

ISLAMABAD: The interim government may raise the petrol price by Rs 8 to Rs 11 per litre with effect from February 1,...

Updated 30 Jan, 2024 10:44am

Opinion

FBR restructuring: a recipe for disaster–II

Just to highlight the difficulties involved let’s look at critical requirements for broadening of the tax base and...

Published 29 Jan, 2024 04:37am

Q1 GST collection by Sindh govt up 43pc to Rs48.298bn YoY

ISLAMABAD: Sales tax on services (GST) collection by the Sindh government rose to Rs48.298 billion during the first...

Updated 17 Dec, 2023 07:30pm

Business & Finance

Govt slashes petrol price by Rs14, HSD’s by Rs13.50

ISLAMABAD: The caretaker government on Friday announced reduction in ex-depot prices of major petroleum products,...

Published 16 Dec, 2023 05:49am

Business & Finance

GST-registered persons: FBR body to evaluate applications for licenses

ISLAMABAD: The Federal Board of Revenue (FBR) has constituted a committee to evaluate applications for grant of...

Published 15 Dec, 2023 03:12am

Q1: Provinces’ budget surplus dips 76pc YoY

ISLAMABAD: The provinces have generated a budget surplus of Rs51.403 billion in the first quarter of the ongoing...

Updated 09 Dec, 2023 04:34pm

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 19	278.45
USD PKR Interbank Buying / Apr 19	278.15
USD to Japanese Yen / Apr 19	154.37
USD to Swiss Franc / Apr 19	0.91
Pound Sterling to USD / Apr 19	1.24
Euro to USD / Apr 19	1.06

Stock	Volume
S&P 500 / Apr 18	5011.12
Nasdaq / Apr 18	15601.50
FTSE 100 / Apr 18	7877.05
Dow Jones / Apr 18	37775.38
Germany DAX 30 / Apr 18	17837.40
France CAC40 / Apr 18	8023.26
India Sensex / Apr 19	72222.48
Tokyo Nikkei / Apr 19	37068.35

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 18	21735
Gold 10 Grams PKR / Apr 18	214077
Petrol/Litre / Apr 19	293.94
Crude Oil USD/Barrel / Apr 19	84.27
Gold Spot USD/Ounce / Apr 19	2382.04
Diesel/Litre / Apr 19	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 19 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 19 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 19 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 19 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 19 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 19 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 19 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 19 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 19 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 19 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 19 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 19 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 19 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 19 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 19 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 19 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 19 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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