Trends - Sales Tax - Business Recorder

Sales Tax

Issue of sales tax value on sugar supply still pending in LHC

ISLAMABAD: The Federal Board of Revenue (FBR) has not fixed the minimum value on the supply of sugar for sales tax...

Published 24 Mar, 2023 05:55am

Jan, Feb 2023: FBR pays Rs45bn to exporters despite slow FASTER system

ISLAMABAD: The Federal Board of Revenue (FBR) has never stopped payment of sales tax refunds under the FASTER system...

Updated 21 Mar, 2023 08:55am

Exporters detect ‘flaws’ in FBR’s new refund procedure

ISLAMABAD: Prominent exporters have pointed out some serious flaws in the revised procedure of the Federal Board of...

Updated 20 Mar, 2023 08:59am

Slow pace of $304m PRIDE programme perturbs World Bank

ISLAMABAD: The World Bank (WB) has expressed concern over the slow pace of the progress on simplification and...

Updated 20 Mar, 2023 08:58am

Specified goods, services: FBR disallows ST refunds to 5 export-oriented sectors

KARACHI: Federal Board of Revenue (FBR) has disallowed the sales tax refunds of number of specified goods and...

Updated 18 Mar, 2023 09:12am

FBR issues negative list of 714 goods

ISLAMABAD: The Federal Board of Revenue (FBR) has issued a list of 714 items on which input tax adjustment shall not...

Updated 17 Mar, 2023 09:16am

Telecom sector: FBR to implement single ST return portal as pilot project

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to implement the single sales tax return portal initially...

Updated 17 Mar, 2023 09:14am

Automated refunds: FBR to apply new risk parameters for processing

ISLAMABAD: The Federal Board of Revenue (FBR) will apply new risk parameters for processing the automated sales tax...

Updated 17 Mar, 2023 09:16am

Business & Finance

More tax on luxury goods lauded

KARACHI: Imposing of 25% sales tax on the import and local supply Of luxury items is a wonderful step to discourage...

Updated 13 Mar, 2023 06:44pm

Business & Finance

Lucky Motor raises KIA car prices

Lucky Motor Company (LMC) passed on the impact of recent increase in sales tax from 18% to 25% on KIA vehicles...

Published 11 Mar, 2023 08:32pm

Business & Finance

KPRA collects Rs20.21bn in 8 months

PESHAWAR: The Khyber Pakhtunkhwa Revenue Authority (KPRA) records 31% growth in the first 8 months of the financial...

Published 09 Mar, 2023 06:23am

ST on chronic power defaulters: FBR, PD fine-tuning recovery mechanism

ISLAMABAD: Federal Board of Revenue (FBR) and Power Division are giving final shape to mechanism for recovery of...

Updated 09 Mar, 2023 08:52am

Business & Finance

Effective from March 8th: 25pc ST on luxury goods notified

ISLAMABAD: The Federal Board of Revenue (FBR), from March 8, imposed 25 percent sales tax on the import and local...

Updated 09 Mar, 2023 08:51am

Business & Finance

Industrial, commercial bodies hold rally against govt policies

FAISALABAD: The heads and representatives of industrial and commercial organizations rejected these policies due to...

Published 09 Mar, 2023 06:23am

FBR unveils updated ST and FED laws

ISLAMABAD: The Federal Board of Revenue (FBR) has issued the updated Sales Tax Act, 1990 and Federal Excise Act up...

Updated 08 Mar, 2023 08:37am

FBR restores ‘FASTER’ system

ISLAMABAD: The Federal Board of Revenue (FBR), Tuesday, restored “FASTER” system for speedy payment of sales tax...

Updated 08 Mar, 2023 08:41am

Business & Finance

FBR imposes sales tax on import of printed materials

ISLAMABAD: The Customs Classification Committee of the Federal Board of Revenue (FBR) has imposed sales tax on the...

Published 04 Mar, 2023 06:10am

25pc ST on luxury goods’ import awaits cabinet’s nod

ISLAMABAD: Federal Cabinet has yet not approved 25 percent sales tax on the import of hundreds of luxury items and...

Updated 04 Mar, 2023 09:03am

Business & Finance

Textile exporters: FBR vows to ensure speedy refund payments

ISLAMABAD: The Federal Board of Revenue (FBR), Wednesday, assured textile exporters of restoring speedy payment of...

Published 02 Mar, 2023 06:23am

17pc tax applicable on mobile phones valuing above $200

ISLAMABAD: There is no change in sales tax regime of locally manufactured mobile phones and imported mobile phones...

Updated 01 Mar, 2023 09:04am

Editorials

Sensitive Price Index: data firm yet sensitive

EDITORIAL: The Sensitive Price Index (SPI) computed on weekly basis to assess the price movement of 51 essential...

Published 28 Feb, 2023 06:15am

25pc GST on luxury items: FBR will move a summary

ISLAMABAD: The Federal Board of Revenue (FBR) will move a summary to the federal cabinet for imposing a higher rate...

Updated 28 Feb, 2023 09:36am

Sales tax, other issues: FBR invites textile exporters to a moot

ISLAMABAD: The Federal Board of Revenue (FBR) has invited all textile exporters to a moot at FBR headquarters on...

Updated 27 Feb, 2023 08:43am

Anomaly in excise duty: Illegal cigarette trade will get a big boost

ISLAMABAD: The anomaly created by the Federal Board of Revenue (FBR) in new excise duty structure of cigarettes to...

Updated 25 Feb, 2023 08:59am

Import of luxury items ST: FBR empowered to impose higher rate of 25pc

ISLAMABAD: The Finance (Supplementary) Act, 2023 has empowered the Federal Board of Revenue (FBR) to impose a higher...

Updated 24 Feb, 2023 08:45am

Business & Finance

PTEA appeals for govt measures to rescue ailing Punjab units

FAISALABAD: Extreme cash flow problems and high production costs have greatly damaged the prospects for growth in...

Published 23 Feb, 2023 07:30am

Pakistan

ST on services against toll makers: SHC disposes of all proceedings initiated by SRB

KARACHI: Sindh High Court (SCH) has disposed of/ abated all proceedings initiated by the Sindh Board of Revenue...

Updated 22 Feb, 2023 09:10am

Business & Finance

Jul-Jan: C/A falls hugely on import curbs

KARACHI: The country’s current account deficit (CAD) sharply fell by 67 percent during the first seven months of...

Published 21 Feb, 2023 05:57am

Imposing/raising time-bound RDs, ACDs: FBR extends time period to March 31st for over 600 luxury items

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to extend the time period up to March 31, 2023, for...

Updated 21 Feb, 2023 09:00am

Business & Finance

The Finance (Supplementary) Bill 2023: an analysis

INCOME TAX: CAPITAL GAIN ON DISPOSAL OF SECURITIES OTHER THAN THROUGH STOCK EXCHANGE/NCCPL Capital gains arising on...

Updated 18 Feb, 2023 04:04am

Gainers
Losers
Leaders

Stock	Price
Pak Gen.Ins. / Mar 25 The Pakistan General Insurance Co. Ltd.(PKGI)	4.25 ▲ 0.39 (10.10%)
KASB Modaraba / Mar 25 KASB Modaraba(KASBM)	1.25 ▲ 0.11 (9.65%)
Khyber Tex. / Mar 25 Khyber Textile Mills Limited(KHYT)	297.60 ▲ 20.76 (7.50%)
Shield Corp. / Mar 25 Shield Corporation Limited(SCL)	244.99 ▲ 17.09 (7.50%)
Sapphire Fibres / Mar 25 Sapphire Fibres Limited(SFL)	1026.39 ▲ 71.60 (7.50%)
Tandlianwala Sugar / Mar 25 Tandlianwala Sugar Mills Limited(TSML)	83.72 ▲ 5.84 (7.50%)
Khairpur / Mar 25 Khairpur Sugar Mills Limited(KPUS)	57.38 ▲ 4.00 (7.49%)
Pakistan Services / Mar 25 Pakistan Services Limited(PSEL)	1277 ▲ 89.00 (7.49%)
Shahtaj Textile / Mar 25 Shahtaj Textile Limited(STJT)	84.22 ▲ 5.87 (7.49%)
Shakarganj / Mar 25 Shakarganj Limited(SML)	33.50 ▲ 2.33 (7.48%)

Stock	Price
Dewan Sugar / Mar 25 Dewan Sugar Mills Limited(DWSM)	2.22 ▼ -0.29 (-11.55%)
Pak Agro Pack. (GEM) / Mar 25 Pak Agro Packaging Limited (GEM)(GEMPAPL)	7.88 ▼ -1.00 (-11.26%)
HBL Invest Fund / Mar 25 HBL Investment Fund(HIFA)	1.55 ▼ -0.15 (-8.82%)
Kohat Textile / Mar 25 Kohat Textile Mills Limited(KOHTM)	10.55 ▼ -1.00 (-8.66%)
Colony Tex.Mills Ltd / Mar 25 Colony Textile Mills Limited(CTM)	2.41 ▼ -0.21 (-8.02%)
D.S. Ind. Ltd. / Mar 25 D.S. Industries Limited(DSIL)	2.22 ▼ -0.18 (-7.50%)
Gadoon Textile / Mar 25 Gadoon Textile Mills Limited(GADT)	193.33 ▼ -15.67 (-7.50%)
Philip Morris Pak. / Mar 25 Philip Morris (Pakistan) Limited(PMPK)	471.75 ▼ -38.25 (-7.50%)
Quetta Textile / Mar 25 Quetta Textile Mills Limited(QUET)	15.67 ▼ -1.27 (-7.50%)
Masood Textile / Mar 25 Masood Textile Mills Limited(MSOT)	41.42 ▼ -3.33 (-7.44%)

Stock	Volume
Fauji Cement / Mar 25 Fauji Cement Company Limited(FCCL)	17,487,500 ▼ -0.23
WorldCall Telecom / Mar 25 Worldcall Telecom Limited(WTL)	11,071,860 ▼ -0.02
Thatta Cement / Mar 25 Thatta Cement Company Limited(THCCL)	9,211,500 ▼ -0.16
Fauji Foods Ltd / Mar 25 Fauji Foods Limited(FFL)	7,792,084 ▼ -0.14
Ghani Glo Hol / Mar 25 Ghani Global Holdings Limited(GGL)	5,968,150 ▼ -0.59
Telecard Limited / Mar 25 Telecard Limited(TELE)	5,558,000 ▼ -0.52
Hascol Petrol / Mar 25 Hascol Petroleum Limited(HASCOL)	4,387,500 ▼ -0.11
Meezan Bank / Mar 25 Meezan Bank Limited(MEBL)	3,700,308 ▼ -0.27
Cnergyico PK / Mar 25 Cnergyico PK Limited(CNERGY)	3,587,106 ▼ -0.06
Maple Leaf Cement / Mar 25 Maple Leaf Cement Factory Limited(MLCF)	3,522,701 ▼ -0.31

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 22	285.50
USD PKR Interbank Buying / Mar 22	283.20
USD to Japanese Yen / Mar 24	130.13
USD to Swiss Franc / Mar 24	0.92
Pound Sterling to USD / Mar 24	1.23
Euro to USD / Mar 24	1.08
UK LIBOR % / Mar 22	4.56

Stock	Volume
S&P 500 / Mar 23	3948.72
Nasdaq / Mar 23	11787.40
Dow Jones / Mar 23	32105.25
India Sensex / Mar 24	57895.48
Tokyo Nikkei / Mar 24	27326.43
Hang Seng / Mar 24	19970.42
FTSE 100 / Mar 24	7408.41
Germany DAX 30 / Mar 24	15034.97
France CAC40 / Mar 24	7056.60

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 21	19235
Gold 10 Grams PKR / Mar 22	175068
Crude Oil USD/Barrel / Mar 24	69.79
Gold Spot USD/Ounce / Mar 24	1989.92
Cotton US¢/pound / Mar 24	77.60

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