Trends - Sales Tax - Business Recorder

Sales Tax

Price hike challenge

This is apropos a Business Recorder news item "Ex-mill ST step taken to forestall sugar price hike" carried by the...

Published 29 Jul, 2021 04:48am

Business

Single identifier number for domestic taxes launched

ISLAMABAD: The Federal Board of Revenue (FBR) has launched a single identifier number for all domestic taxes. ...

Published 29 Jul, 2021 04:48am

Ex-mill sales tax step taken to forestall sugar price hike

Cabinet gives approval to the auction of next generation mobile spectrum
Also approves the Advertisement Policy 2021, which envisages issuance of ads to digital media as well, says information minister

Updated 28 Jul, 2021 09:22am

Business & Finance

Importers: FBR to relax conditions for obtaining 'UUIs'

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to relax conditions for the importers for obtaining ...

Published 27 Jul, 2021 04:40am

ST on petrol reduced

ISLAMABAD: The Federal Board of Revenue (FBR), Monday, further reduced sales tax on petrol from 16.30 percent to...

Published 27 Jul, 2021 02:25am

PL cut, waiver on POL products: Rs10bn negative revenue impact projected

ISLAMABAD: The government reduced the rate of petroleum levy (PL) on High Speed Diesel (HSD) - from Rs 3.61 per ...

Updated 24 Jul, 2021 10:44am

Erstwhile Fata: Tax exemptions given to mainstream geographic areas: FBR

ISLAMABAD: Pakistan has a unique case of exemptions in erstwhile Federally Administered Tribal Areas (Fata), where...

Published 24 Jul, 2021 02:30am

Govt decides to reverse sales tax on sugar to ex-mill rate

ISLAMABAD: The government, in order to ensure reasonable reduction in the sugar price, on Monday decided to reverse...

Published 20 Jul, 2021 06:33am

Business & Finance

APSA urges govt to revert sales tax on mined salt

KARACHI: The All Pakistan Salt Association (APSA) has urged the government to revert the sales tax imposed in this...

Published 09 Jul, 2021 04:25am

GST assessment: FBR withdraws fixation of sugar price at Rs60/kg

ISLAMABAD: The Federal Board of Revenue (FBR) has withdrawn the fixation of the domestic price of sugar at Rs60 per...

Published 09 Jul, 2021 02:31am

Sales tax on motor spirit reduced

ISLAMABAD: The Federal Board of Revenue (FBR) has reduced sales tax on motor spirit from 17 percent to 16.40 percent...

Updated 07 Jul, 2021 08:25am

Business

Customs Region (North) collects over Rs23bn during 2020-21

ISLAMABAD: The Customs Region (North) of the Federal Board of Revenue (FBR) has collected Rs23.334 billion as ...

Published 04 Jul, 2021 03:41am

Business & Finance

Textile sector: Duty on import of 580 items reduced, exempted from 1st

ISLAMABAD: The Federal Board of Revenue (FBR) has exempted/reduced customs duty on the import of 580 items of ...

Published 03 Jul, 2021 03:19am

Business

ST collection on services: Punjab registers 62pc growth

LAHORE: The Punjab government has registered a growth of 62 percent in collection of sales tax on services in the...

Published 03 Jul, 2021 03:19am

Fixed GST on SIM cards withdrawn

ISLAMABAD: The Federal Board of Revenue (FBR) has withdrawn fixed sales tax on SIM cards of the mobile phones from...

Published 02 Jul, 2021 04:19am

Goods being exported: Customs officials empowered to conduct profiling

ISLAMABAD: The customs officials have been empowered to conduct profiling of the goods being exported, through the...

Published 01 Jul, 2021 04:09am

Over Rs100bn taxes withdrawn

ISLAMABAD: The government has withdrawn taxes of over and above Rs100 billion following withdrawal of the proposed...

Published 30 Jun, 2021 03:54am

Business & Finance

Tax-exempt areas of Fata/Pata: 16pc GST levied on goods supplied to taxable areas

ISLAMABAD: The Federal Board of Revenue (FBR) has imposed 16 percent sales tax on goods supplied from tax-exempt...

Published 30 Jun, 2021 03:54am

Pakistan

Countrywide gas suspension for seven days unacceptable: FPCCI

ISLAMABAD: FPCCI President Naseer Hayatt Magoon, on Monday, said a nationwide gas suspension for seven days is...

Updated 29 Jun, 2021 09:12am

Business & Finance

LCCI holds post budget convention: Chambers call for withdrawal of anti-business budget clauses

LAHORE: As many as 25 chambers of commerce and industry, at a two-day Post Budget Convention under the umbrella of...

Published 25 Jun, 2021 04:20am

BR Research

Autos make haste

Imports (in dollar value) are growing much faster than volumes here locally. Imported cars (in dollar value) in...

Published 24 Jun, 2021 07:35am

Pakistan

Opposition MNAs term budget ‘for the rich and by the rich’

ISLAMABAD: The opposition lawmakers in the National Assembly, on Wednesday, termed the federal budget for 2021-22...

Published 24 Jun, 2021 03:36am

Business

Warehouse operators: Bank statement showing sufficient funds to be made mandatory: FBR

ISLAMABAD: The Federal Board of Revenue (FBR) will make it mandatory for any person or firm desirous of operating a...

Published 24 Jun, 2021 03:36am

Finance Bill, Sec 233A of income tax law: Suggestions finalised by Senate body

ISLAMABAD: The Senate Standing Committee on Finance has finalised its recommendations to the Finance Bill, 2021-22,...

Updated 24 Jun, 2021 12:01pm

Business & Finance

Erstwhile tribal areas: Steel units plan shutdown against FED removal plan

ISLAMABAD: Large steel producers and documented steel plants are planning to shutdown their operations and go for a...

Published 23 Jun, 2021 04:26am

Pakistan

Increasing inflation intensifying issue of food security: PBIF

KARACHI: Chairman of National Business Group Pakistan and President Pakistan Businessmen and Intellectuals Forum...

Published 22 Jun, 2021 04:46am

Business

FBR informs Senate body: 17pc ST imposed on crude oil an adjustable tax

ISLAMABAD: The Federal Board of Revenue (FBR), Monday, informed the Senate Standing Committee on Finance that the 17...

Published 22 Jun, 2021 04:46am

Flour mills’ turnover: Govt urged to withdraw 400pc hike in tax rate

Business

Gainers
Losers
Leaders

Stock	Price
Sally Tex. / Jul 29 Sally Textile Mills Limited(SLYT)	5.39 ▲ 0.79 (17.17%)
Security Bank / Jul 29 Security Investment Bank Limited(SIBL)	7.35 ▲ 0.91 (14.13%)
Ist Paramount / Jul 29 First Paramount Modaraba(FPRM)	8.80 ▲ 1.00 (12.82%)
Tri-Star / Jul 29 Tri-Star Mutual Fund Limited(TSMF)	7.49 ▲ 0.81 (12.13%)
Dewan Farooque Motors / Jul 29 Dewan Farooque Motors Limited(DFML)	11.68 ▲ 1.00 (9.36%)
Ghazi Fab. / Jul 29 Ghazi Fabrics International Limited(GFIL)	13.60 ▲ 1.00 (7.94%)
Thal LTD / Jul 29 Thal Limited(THALL)	434.16 ▲ 30.28 (7.50%)
Thal Ind. / Jul 29 The Thal Industries Corporation Limited(TICL)	320.68 ▲ 22.37 (7.50%)
Arpak Int. / Jul 29 Arpak International Investments Ltd.(ARPAK)	87.09 ▲ 6.07 (7.49%)
First Tri-Star Mod. / Jul 29 First Tri-Star Modaraba(FTSM)	14.78 ▲ 1.03 (7.49%)

Stock	Price
Image Pakistan / Jul 29 Image Pakistan Limited(IMAGE)	27.91 ▲ -6.29 (-18.39%)
Trust Mod. / Jul 29 Trust Modaraba(TRSM)	2.72 ▲ -0.33 (-10.82%)
First Fid. Leas. / Jul 29 First Fidelity Leasing Modaraba(FFLM)	3.02 ▲ -0.28 (-8.48%)
Blessed Tex. / Jul 29 Blessed Textiles Limited(BTL)	475.45 ▲ -38.55 (-7.50%)
Gatron Ind. / Jul 29 Gatron (Industries) Limited(GATI)	520.78 ▲ -42.22 (-7.50%)
Pak Engg. / Jul 29 Pakistan Engineering Co Limited(PECO)	392.73 ▲ -31.84 (-7.50%)
Prosperity / Jul 29 Prosperity Weaving Mills Limited(PRWM)	46.38 ▲ -3.76 (-7.50%)
Khairpur / Jul 29 Khairpur Sugar Mills Limited(KPUS)	65.59 ▲ -5.31 (-7.49%)
Mehran Sugar / Jul 29 Mehran Sugar Mills Limited(MRNS)	53.58 ▲ -4.34 (-7.49%)
Dawood Equities / Jul 29 Dawood Equities Limited(DEL)	19.68 ▲ -1.59 (-7.48%)

Stock	Volume
Worldcall / Jul 29 Worldcall Telecom Limited(WTL)	49,369,000 ▼ 0.00
Byco Petroleum / Jul 29 Byco Petroleum Pakistan Limited(BYCO)	46,970,500 ▼ 0.00
Unity Foods / Jul 29 Unity Foods Limited(UNITY)	16,065,452 ▼ 0.00
Fauji Fert. Bin / Jul 29 Fauji Fertilizer Bin Qasim Limited(FFBL)	10,222,000 ▼ 0.00
Hum Network / Jul 29 Hum Network Limited(HUMNL)	10,015,500 ▼ 0.00
Aisha Steel / Jul 29 Aisha Steel Mills Limited(ASL)	9,649,500 ▼ 0.00
Silkbank / Jul 29 Silkbank Limited(SILK)	9,425,000 ▼ 0.00
Hascol Petroleum / Jul 29 Hascol Petroleum Limited(HASCOL)	9,171,860 ▼ 0.00
TPL Corp / Jul 29 TPL Corp Limited(TPL)	8,869,500 ▼ 0.00
P.T.C.L.A / Jul 29 Pakistan Telecommunication Company Ltd(PTC)	8,636,500 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 29	162.00
USD PKR Interbank Buying / Jul 29	161.90
USD to Japanese Yen / Jul 29	109.85
USD to Swiss Franc / Jul 29	0.91
Pound Sterling to USD / Jul 29	1.39
Euro to USD / Jul 29	1.18
UK LIBOR % / Jul 29	0.08

Stock	Volume
S&P 500 / Jul 29	4400.64
India Sensex / Jul 29	52443.71
Tokyo Nikkei / Jul 29	27725.72
Nasdaq / Jul 29	14762.59
Hang Seng / Jul 29	25473.88
FTSE 100 / Jul 29	7016.63
Dow Jones / Jul 29	34930.93
Germany DAX 30 / Jul 29	15570.36
France CAC40 / Jul 29	6609.31

Item	Value
Crude Oil / Jul 29	72.32
Karachi Cotton Assoc. / Jul 29	13080.00
Gold 10 Grams / Jul 29	94050.00
Gold Spot / Jul 29	1810.11
Cotton / Jul 29	90.52

Sales Tax

Price hike challenge

Single identifier number for domestic taxes launched

Ex-mill sales tax step taken to forestall sugar price hike

Importers: FBR to relax conditions for obtaining 'UUIs'

ST on petrol reduced

PL cut, waiver on POL products: Rs10bn negative revenue impact projected

Erstwhile Fata: Tax exemptions given to mainstream geographic areas: FBR

Govt decides to reverse sales tax on sugar to ex-mill rate

APSA urges govt to revert sales tax on mined salt

GST assessment: FBR withdraws fixation of sugar price at Rs60/kg

Sales tax on motor spirit reduced

Customs Region (North) collects over Rs23bn during 2020-21

Textile sector: Duty on import of 580 items reduced, exempted from 1st

ST collection on services: Punjab registers 62pc growth

Fixed GST on SIM cards withdrawn

Goods being exported: Customs officials empowered to conduct profiling

Over Rs100bn taxes withdrawn

Tax-exempt areas of Fata/Pata: 16pc GST levied on goods supplied to taxable areas

Countrywide gas suspension for seven days unacceptable: FPCCI

LCCI holds post budget convention: Chambers call for withdrawal of anti-business budget clauses

Autos make haste

Opposition MNAs term budget ‘for the rich and by the rich’

Warehouse operators: Bank statement showing sufficient funds to be made mandatory: FBR

Finance Bill, Sec 233A of income tax law: Suggestions finalised by Senate body

Erstwhile tribal areas: Steel units plan shutdown against FED removal plan

Increasing inflation intensifying issue of food security: PBIF

FBR informs Senate body: 17pc ST imposed on crude oil an adjustable tax

Flour mills’ turnover: Govt urged to withdraw 400pc hike in tax rate

Govt defends overall approach to economy

Cabinet’s directive to Revenue Division: Arrest of tax filer contingent on third party report

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