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GST

FBR finalises revised GST schedules for budget

ISLAMABAD: The Federal Board of Revenue (FBR) has finalised revised sales tax schedules, ie, Sixth Schedule...

Updated 06 Jun, 2024 08:40am

Business & Finance

PAAPAM opposes GST on tractor industry

LAHORE: The Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) on Monday opposed GST on...

Published 04 Jun, 2024 06:28am

Markets

Govt announces cut in petrol, diesel rates

ISLAMABAD: Federal government announces up to Rs 4.74 per liter reduction in petroleum product prices, effective ...

Published 01 Jun, 2024 06:59am

Fuel prices likely to decline again

ISLAMABAD: Fuel prices are expected to go down again. The federal government is likely to announce a decrease in...

Updated 25 May, 2024 04:20pm

Business & Finance

Budget proposals: OICCI for standardising GST rates and policies

KARACHI: The Overseas Investors Chamber of Commerce and Industry (OICCI) in its taxation proposals for the upcoming...

Updated 23 May, 2024 09:19am

Business & Finance

Hike in FED, GST on tobacco in budget: Shehla urges MPs, stakeholders to join efforts

ISLAMABAD: Member National Assembly Shehla Raza Friday asked the parliamentarians and stakeholders to join efforts...

Published 18 May, 2024 05:45am

Petrol price slashed by Rs15.39, HSD’s by Rs7.88

ISLAMABAD: Federal government on Wednesday announced massive cut up to Rs 15.39 per litre in the ex-dept prices of...

Updated 16 May, 2024 09:00am

Business & Finance

Services by provinces: Jul-Mar GST collection soars 23pc to Rs353.223bn YoY

ISLAMABAD: There has been an increase of 23 percent in the collection of sales tax on services (GST) by the ...

Published 07 May, 2024 06:05am

Business & Finance

More tax generation: CAP seeks adoption of digital payments in retail sector

LAHORE: The Chainstore Association of Pakistan (CAP) has called on authorities to prioritize the adoption of digital...

Published 03 May, 2024 06:29am

Editorials

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

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

Business & Finance

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 5	278.50
USD PKR Interbank Buying / Jun 5	278.30
USD to Japanese Yen / Jun 5	156.06
USD to Swiss Franc / Jun 5	0.89
Pound Sterling to USD / Jun 5	1.28
Euro to USD / Jun 5	1.09

Stock	Volume
S&P 500 / Jun 5	5354.03
India Sensex / Jun 5	74382.24
Tokyo Nikkei / Jun 5	38490.17
Nasdaq / Jun 5	17187.05
Hang Seng / Jun 5	18424.96
FTSE 100 / Jun 5	8246.95
Dow Jones / Jun 5	38807.33
Germany DAX 30 / Jun 5	18575.94

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 4	19935
Crude Oil USD/Barrel / Jun 5	74.07
Gold 10 Grams PKR / Jun 5	206276
Gold Spot USD/Ounce / Jun 5	2375.50
Cotton US¢/pound / Jun 5	73.51
Petrol/Litre / Jun 6	268.36

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 6 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 6 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 6 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 6 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 6 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 6 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 6 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 6 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 6 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 6 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 6 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 6 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 6 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 6 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 6 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 6 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 6 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 6 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 6 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 6 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 6 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 6 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 6 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 6 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 6 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 6 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 6 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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