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Sales Tax

Value of production/total output: CMI 2015-16 up by 244.76pc over CMI 2005-06: PBS

ISLAMABAD: The Production Value Census of Manufacturing Industries (PVCMI) 2015-16 shows value of production/total...

Published 22 Oct, 2021 04:13am

Editorials

Sales tax exemptions

EDITORIAL: According to news reports, a presidential ordinance to withdraw sales tax exemptions, zero rating and...

Published 21 Oct, 2021 04:38am

Editorials

The inflation challenge

EDITORIAL: Raising prices of POL products by 11 percent effective 15 October has staggered a populace already ...

Updated 21 Oct, 2021 09:47am

GST on TDS: Power Division seeks legal opinion

Move comes as FBR is unwilling to back out from recovery of GST on subsidies

Updated 17 Oct, 2021 11:25am

Rs330bn sales tax exemptions: Presidential Ordinance on the cards

ISLAMABAD: A presidential ordinance is on the cards to withdraw sales tax exemptions, zero-rating, and reduced sales...

Published 14 Oct, 2021 03:08am

Income, ST refunds: OICCI decries FBR's 'double standard'

ISLAMABAD: The Overseas Investors Chamber of Commerce and Industry (OICCI) has accused the Federal Board of Revenue...

Updated 10 Oct, 2021 11:27am

Business

ST payers: FBR asks taxmen to issue bar-coded notices only

ISLAMABAD: The Federal Board of Revenue (FBR) has asked the field formations to only issue bar-coded notices to the...

Published 08 Oct, 2021 04:30am

Audit through parametric computer ballot: FBR approves new policy for case selection

Certain cases may be outsourced to the third party for audit purposes

Updated 03 Oct, 2021 11:15am

Opinion

FBR & tax appellate system

The Federal Board of Revenue (FBR) is allegedly interfering in the quasi-judicial functions of Commissioners of...

Published 01 Oct, 2021 04:07am

Traders' community divided over FBR-MTTP deal: APAT decides to hold protest outside FBR HQs

ISLAMABAD: The agreement of the Federal Board of Revenue (FBR) with Markazi Tanzeem Tajiran Pakistan on the Tax Laws...

Updated 27 Sep, 2021 09:49am

FBR lifts GST on import of fresh fruits from Afghanistan

ISLAMABAD: The Federal Board of Revenue (FBR) Saturday lifted sales tax on the import of fresh fruits from...

Updated 26 Sep, 2021 12:13pm

Business & Finance

Smooth, easy flow of bilateral trade: FBR Chairman, Customs officials visit Torkham Border

ISLAMABAD: Chairman Federal Board of Revenue Dr Muhammad Ashfaq Ahmad accompanied by Member (Customs Operations) and...

Published 26 Sep, 2021 03:23am

Opinion

National Tax Academy—II

In the light of what was discussed in the first part, Case for All-Pakistan Unified Tax Service: PTI & ...

Published 24 Sep, 2021 04:40am

Business & Finance

Tax Laws (Third Amendment) Ordinance, 2021

Within third month of passage of Finance Act, 2021, the Government felt the need of introducing amendments in the Tax Laws. These amendments are primarily directed towards broadening of tax base besides providing concessions to certain sectors

Published 22 Sep, 2021 03:48am

Business & Finance

An Ordinance

Annex - IV further to amend certain tax laws WHEREAS, it is expedient further to amend certain tax laws for the...

Published 20 Sep, 2021 05:23am

Tax Laws (Third Amendment) Ordinance, 2021: 7 new measures introduced to broaden tax base

ISLAMABAD: The government has introduced seven new measures for broadening the tax base through the Tax Laws (Third...

Published 18 Sep, 2021 06:12am

GST on toll manufacturing: MoF, FBR and PRAs reach consensus

Federal Minister for Finance Shaukat Tarin presides over a meeting of National Tax Council

Updated 17 Sep, 2021 09:49am

Pakistan

Dual modules of FBR create problems for taxpayers

KARACHI: Federal Board of Revenue (FBR) has started issuing audit and late-filing notices, creating serious...

Updated 16 Sep, 2021 12:11pm

Pakistan

Rs40bn dues collected through e-payment system in Punjab: CM

LAHORE: Terming the ease of doing business and creation of job opportunities as the topmost priorities of the...

Published 15 Sep, 2021 04:20am

Principal amount of sales tax: IR officers cannot impose penalty, levy surcharge

ISLAMABAD: The Inland Revenue officers of the Federal Board of Revenue (FBR) cannot levy penalty and default...

Updated 13 Sep, 2021 10:24am

Business & Finance

Steps aimed at reducing steel prices under study, Senate panel told

ISLAMABAD: The government is considering removal of duties on iron scrap, reducing sales tax up to 14 percent as ...

Published 10 Sep, 2021 04:41am

Importers: FBR relaxes conditions for acquiring 'UUIs'

Personal appearance and submission of original CNIC shall not be required under the new rules

Updated 07 Sep, 2021 09:49am

Big retailers must get integrated by 15th: FBR

Board warns identified Tier-1 Retailers would be denied credit for input tax equal to 60% claimed in sales tax return for August 2021

Updated 07 Sep, 2021 11:22am

Tier-1 retailers’ invoices: FBR specifies utilisation of Re1 service charge

Says it is being insinuated as if the rate of the service charge is one percent instead of Re1 per invoice

Updated 05 Sep, 2021 10:34am

Business

Punjab collects highest-ever ST on services in Aug

LAHORE: Punjab has collected highest-ever sales tax on services during the month of August comparing to the...

Published 04 Sep, 2021 06:04am

Business

Issuance of certificates to steel units: FBR to take action against senior tax officials

ISLAMABAD: The Federal Board of Revenue (FBR) will take strict action against senior tax officials involved in...

Published 03 Sep, 2021 04:58am

Business & Finance

Licence mandatory to integrate retailers through software: FBR

LAHORE: The Federal Board of Revenue (FBR) has notified that no person would be allowed to carry out integration of...

Published 31 Aug, 2021 04:03am

'Forced' registration of businesses for sales tax: Businesspeople decide to hold anti-FBR demo

Pakistan

Gainers
Losers
Leaders

Stock	Price
Shaheen Ins. / Oct 22 Shaheen Insurance Company Limited(SHNI)	3.92 ▲ 0.59 (17.72%)
First AL-Noor Mod. / Oct 22 First Al-Noor Modaraba(FANM)	3.99 ▲ 0.49 (14.00%)
Samba Bank / Oct 22 Samba Bank Limited(SBL)	11.60 ▲ 1.00 (9.43%)
Grays Leas. / Oct 22 Grays Leasing Limited(GRYL)	3.99 ▲ 0.34 (9.32%)
Trust Sec.& Brok. / Oct 22 Trust Securities & Brokerage Limited(TSBL)	12.50 ▲ 1.00 (8.70%)
Awwal Modaraba / Oct 22 Awwal Modaraba(AWWAL)	11.50 ▲ 0.90 (8.49%)
1st Dawood / Oct 22 First Dawood Investment Bank Limited(FDIBL)	2.51 ▲ 0.18 (7.73%)
Buxly / Oct 22 Buxly Paints Limited(BUXL)	124.02 ▲ 8.65 (7.50%)
Khyber Tex. / Oct 22 Khyber Textile Mills Limited(KHYT)	311.74 ▲ 21.74 (7.50%)
Adamjee Ins. / Oct 22 Adamjee Insurance Company Limited(AICL)	37.59 ▲ 2.62 (7.49%)

Stock	Price
Ist Paramount / Oct 22 First Paramount Modaraba(FPRM)	5.21 ▲ -0.89 (-14.59%)
Unicap Mod. / Oct 22 Unicap Modaraba(UCAPM)	2.35 ▲ -0.30 (-11.32%)
Safe Mix / Oct 22 Safe Mix Concrete Limited(SMCPL)	7.56 ▲ -0.82 (-9.79%)
First Fid. Leas. / Oct 22 First Fidelity Leasing Modaraba(FFLM)	3.60 ▲ -0.39 (-9.77%)
Quetta Textile / Oct 22 Quetta Textile Mills Limited(QUET)	7.00 ▲ -0.60 (-7.89%)
Popular Islamic Mod. / Oct 22 Popular Islamic Modaraba(PIM)	11.95 ▲ -1.00 (-7.72%)
AKD Hospitality / Oct 22 AKD Hospitality Limited(AKDHL)	374.61 ▲ -30.37 (-7.50%)
Olympia Mills / Oct 22 Olympia Mills Limited(OML)	18.50 ▲ -1.50 (-7.50%)
Shield Corp. / Oct 22 Shield Corporation Limited(SCL)	255.32 ▲ -20.70 (-7.50%)
Askari Gen. / Oct 22 Askari General Insurance Company Limited(AGIC)	21.37 ▲ -1.73 (-7.49%)

Stock	Volume
Hum Network / Oct 22 Hum Network Limited(HUMNL)	35,324,500 ▼ 0.00
Unity Foods / Oct 22 Unity Foods Limited(UNITY)	22,498,536 ▼ 0.00
Worldcall / Oct 22 Worldcall Telecom Limited(WTL)	20,943,500 ▼ 0.00
Maple Leaf / Oct 22 Maple Leaf Cement Factory Limited(MLCF)	15,262,301 ▼ 0.00
TRG Pakistan / Oct 22 TRG Pakistan Limited(TRG)	13,666,206 ▼ 0.00
Telecard Ltd. / Oct 22 Telecard Limited(TELE)	11,054,000 ▼ 0.00
Byco Petroleum / Oct 22 Byco Petroleum Pakistan Limited(BYCO)	10,478,500 ▼ 0.00
Treet Corp. / Oct 22 Treet Corporation Limited(TREET)	9,710,000 ▼ 0.00
Bank of Punjab / Oct 22 The Bank of Punjab(BOP)	6,895,000 ▼ 0.00
Aisha Steel / Oct 22 Aisha Steel Mills Limited(ASL)	6,857,000 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 22	173.95
USD PKR Interbank Buying / Oct 22	173.80
USD to Japanese Yen / Oct 22	113.85
USD to Swiss Franc / Oct 22	0.92
Pound Sterling to USD / Oct 22	1.38
Euro to USD / Oct 22	1.16
UK LIBOR % / Oct 22	0.07

Stock	Volume
S&P 500 / Oct 22	4549.78
India Sensex / Oct 22	60923.50
Tokyo Nikkei / Oct 22	28590.46
Nasdaq / Oct 22	15215.70
Hang Seng / Oct 22	26017.53
FTSE 100 / Oct 22	7190.30
Dow Jones / Oct 22	35603.08
Germany DAX 30 / Oct 22	15472.56
France CAC40 / Oct 22	6686.17

Item	Value
Crude Oil / Oct 22	82.29
Karachi Cotton Assoc. / Oct 22	14880.00
Gold 10 Grams / Oct 22	97900.00
Gold Spot / Oct 22	1784.95
Cotton / Oct 22	106.14

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