Trends - GST - Business Recorder

GST

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

Business & Finance

Budget proposals: PBC asks FBR to discourage use of cash in economy

ISLAMABAD: The Federal Board of Revenue (FBR) has received different budget proposals to check the cash economy in...

Published 20 May, 2023 05:59am

Revision in GST returns due to FBR FASTER glitches: Refusing exporters’ requests tantamount to maladministration: FTO

ISLAMABAD: The Federal Board of Revenue (FBR) has committed a serious nature of maladministration by refusing...

Updated 09 May, 2023 09:13am

Updated ICT law unveiled to charge 15pc GST on services

ISLAMABAD: The Federal Board of Revenue (FBR) has issued an updated Islamabad Capital Territory (Tax on Services)...

Updated 06 May, 2023 08:59am

Plan shared with Dar: FBR set to meet Rs586bn revenue target this month

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Asim Ahmad Tuesday shared a detailed plan with Finance Minister...

Updated 26 Apr, 2023 08:53am

Petrol price hiked by Rs10 per litre

ISLAMABAD: The government has jacked up the prices of petrol and kerosene oil by Rs 10 per litre and Rs 5.78 per...

Updated 16 Apr, 2023 10:05am

GST harmonization: FBR, provinces notify uniform ‘Place of Provision of Services Rules-2023’

ISLAMABAD: In a major breakthrough between the Federation and provinces on harmonisation of sales tax, the Federal...

Updated 16 Apr, 2023 10:06am

RISE-2 programme: Dar briefs Raiser on WB-backed reforms

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar held a meeting with Martin Raiser,...

Updated 15 Apr, 2023 08:51am

Centre-provinces declaration: Power transmission will be treated as ‘service’ from July 1

ISLAMABAD: The federal government and provinces have declared that the transmission of electricity would be treated...

Updated 06 Apr, 2023 08:45am

Up to Rs14 cut in ex-depot fuel prices likely

ISLAMABAD: Federal government may announce a substantial reduction in ex-depot fuel prices up to Rs14 per litre ...

Updated 30 Mar, 2023 08:31am

Opinion

Stop blaming the IMF!

It has been forty days since the IMF’s (International Monetary Fund’s) technical talks concluded, but there have...

Published 27 Mar, 2023 06:15am

Business & Finance

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	278.52
USD PKR Interbank Buying / Apr 25	278.32
USD to Japanese Yen / Apr 25	155.61
USD to Swiss Franc / Apr 25	0.91
Pound Sterling to USD / Apr 25	1.25
Euro to USD / Apr 25	1.07

Stock	Volume
S&P 500 / Apr 25	5048.42
India Sensex / Apr 25	74339.44
Tokyo Nikkei / Apr 25	37628.48
Nasdaq / Apr 25	15611.76
Hang Seng / Apr 25	17284.54
FTSE 100 / Apr 25	8078.86
Dow Jones / Apr 25	38085.80
Germany DAX 30 / Apr 25	17917.28

Item	Value
Crude Oil USD/Barrel / Apr 25	83.77
Karachi Cotton PKR/37.32 KG / Apr 25	20535
Gold 10 Grams PKR / Apr 25	240900
Gold Spot USD/Ounce / Apr 25	2331.28
Cotton US¢/pound / Apr 25	81.08
Petrol/Litre / Apr 26	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 26 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 26 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 26 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 26 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 26 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 26 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 26 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 26 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 26 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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