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Sales Tax

Faulty integration of Tier-1 retailers: FTO has received over 100 complaints against FBR

ISLAMABAD: The Federal Tax Ombudsman (FTO) has received over 100 individual complaints of the newly integrated ...

Published 19 May, 2022 05:29am

Opinion

Pakistan’s taxation regime discourages self-employment and small businesses

Pakistan’s tax policy discourages individuals from self-employment or running small businesses. While salaried...

Published 18 May, 2022 05:54am

Pakistan

Non-compliance allegation: SRB seals restaurant over sales tax returns

KARACHI: Sindh Revenue Board (SRB) on Friday sealed a restaurant located in the posh area of Clifton, Karachi,...

Published 14 May, 2022 04:05am

FBR asked to help resolve Centre-PRAs disputes

ISLAMABAD: Minister of State for Finance. Dr Aisha Ghaus Pasha has directed the Federal Board of Revenue (FBR) to...

Updated 12 May, 2022 10:01am

Business & Finance

Charging ST: FBR hikes value of CNG supply

ISLAMABAD: The Federal Board of Revenue (FBR) has upward revised the value of supply of the compressed natural gas...

Published 11 May, 2022 04:58am

Business & Finance

FBR issues list of 297 unregistered Tier-1 retailers

ISLAMABAD: The Federal Board of Revenue (FBR) has issued a list of 297 unregistered retailers (Tier-1), who are...

Published 07 May, 2022 06:49am

Business & Finance

PRA registers highest-ever collection in April

LAHORE: After crossing the mark of 100,000 taxpayers within nine years of its transfer from the Federal Board of...

Published 06 May, 2022 05:03am

Business & Finance

Supply chain integration: FBR creates new DGDIA

ISLAMABAD: The Federal Board of Revenue (FBR) Tuesday created a new Directorate General of Digital Invoicing and...

Published 27 Apr, 2022 06:11am

Nine months: fiscal deficit stands at 4pc of GDP

ISLAMABAD: The country’s overall fiscal deficit during the first three quarters of the current fiscal year –...

Updated 27 Apr, 2022 10:44am

Business & Finance

Fertiliser sector: FBR to implement track-and-trace system on July 1

ISLAMABAD: The Federal Board of Revenue (FBR) will confiscate fertiliser bags being cleared from production sites,...

Published 27 Apr, 2022 05:19am

Business & Finance

e-Pay Punjab collects over Rs80bn tax revenue

LAHORE: The e-Pay Punjab, an online payment solution and a joint initiative of Punjab Information Technology Board...

Published 24 Apr, 2022 05:36am

Business & Finance

RTO slows down registration of T-1Rs for POS after change of govt

LAHORE: The Regional Tax Office (RTO) has preferred to slowdown registration of Tier-1 Retailers (T-1Rs) under the...

Published 23 Apr, 2022 04:45am

Editorials

The onerous task before finance minister Miftah

EDITORIAL: The new minister for finance and revenue, Miftah Ismail, tweeted “we cannot let our fiscal and external...

Published 21 Apr, 2022 05:26am

Business & Finance

Entertainment industry: Punjab govt likely to impose 5pc sales tax

Only one, out of 26 cinemas and theatres, turned up for voluntary registration

Updated 15 Apr, 2022 02:07pm

Business & Finance

FBR barred from issuance of manual notices: President endorses decision of FTO

ISLAMABAD: The president has endorsed a major decision of the Federal Tax Ombudsman (FTO) to bar the Federal Board ...

Published 13 Apr, 2022 06:03am

Business & Finance

Steel sector, others: FBR revises ‘STR-7’ form

ISLAMABAD: The Federal Board of Revenue (FBR) has issued revised sales tax return form to incorporate some...

Published 10 Apr, 2022 05:49am

Five locally-produced steel goods Minimum value of supply increased

ISLAMABAD: The Federal Board of Revenue (FBR) has increased the minimum value of supply of five locally-produced...

Updated 06 Apr, 2022 10:06am

Erstwhile Pata/Fata units: No tax relief beyond determined quota after 15th

ISLAMABAD: The Federal Board of Revenue (FBR) has announced that the sales tax and income tax exemptions will not be...

Updated 03 Apr, 2022 08:39am

Waiver of tax relief: FBR yet to begin refund payments to various sectors

ISLAMABAD: The Federal Board of Revenue (FBR) has yet to begin payment of sales tax refunds to various sectors...

Updated 01 Apr, 2022 10:20am

Markets

Cooking oil: Govt urged to collect sales tax on basis of $750 per ton price

KARACHI: M Bashir Janmohammed, Chairman, Pakistan-Malaysia Business Council (PMBC) has urged the federal government...

Published 31 Mar, 2022 05:11am

Business & Finance

‘Faster-pharma’ rules of FBR: Sector planning to move high court

ISLAMABAD: The pharmaceutical sector is planning to challenge the “FASTER-Pharma” rules of the Federal Board of...

Published 31 Mar, 2022 05:11am

Markets

Budget proposals: PYMA demands cut in taxes, duties

KARACHI: Pakistan Yarn Merchants Association (PYMA) has proposed the government to cut Customs Duty, Sales Tax,...

Published 29 Mar, 2022 05:49am

Business & Finance

First four months of current sugarcane crushing season: FBR collects Rs26.5bn sales tax

ISLAMABAD: The Federal Board of Revenue (FBR) has collected sales tax of Rs 26.5 billion in first four months (i.e....

Published 27 Mar, 2022 06:23am

Share of domestic taxes decreases in the collection pie

ISLAMABAD: The share of domestic taxes in overall tax collection of the Federal Board of Revenue (FBR) has declined...

Updated 21 Mar, 2022 09:28am

GST registrations: FBR launches physical verification of manufacturers

ISLAMABAD: In a major move to check fake sales tax registrations of manufacturers, the Federal Board of Revenue ...

Updated 20 Mar, 2022 09:01am

GST calculation, levy: FBR clarifies discount on standardized tax invoice

ISLAMABAD: The Federal Board of Revenue (FBR), Friday, clarified that the sales tax will be calculated and charged ...

Updated 19 Mar, 2022 04:23pm

Seeds including rice seeds not exempted from ST: FBR

ISLAMABAD: The Federal Board of Revenue (FBR) has categorically ruled that the seeds including rice seeds are not...

Updated 17 Mar, 2022 09:54am

Pakistan

Massey Ferguson Tractors unit: NFS&R voices its concern over closure

ISLAMABAD: A parliamentary panel on Wednesday expressing serious concerns over the closure of production unit of...

Published 10 Mar, 2022 07:15am

Business & Finance

Direct credit into accounts: FBR to e-communicate pharma cos’ RPOs to SBP within 72 hours

ISLAMABAD: The Federal Board of Revenue (FBR) will electronically communicate the Refund Payment Orders (RPOs) of ...

Published 08 Mar, 2022 05:15am

Pakistan

Business community hails PM’s relief package

KARACHI: Business and industrial community welcomed the relief measures announced by Prime Minister Imran Khan,...

Published 04 Mar, 2022 04:37am

Gainers
Losers
Leaders

Stock	Price
B. F. Mod. / May 20 B.F. Modaraba(BFMOD)	6.00 ▲ 1.00 (20.00%)
Pak Gulf Leasing / May 20 Pak-Gulf Leasing Company Limited(PGLC)	6.00 ▲ 1.00 (20.00%)
Silk Bank Ltd / May 20 Silkbank Limited(SILK)	1.24 ▲ 0.16 (14.81%)
Paramount Mod / May 20 First Paramount Modaraba(FPRM)	8.00 ▲ 1.00 (14.29%)
Service Textile / May 20 Service Industries Textiles Limited(SERT)	10.90 ▲ 0.90 (9.00%)
Ruby Tex. / May 20 Ruby Textile Mills Limited(RUBY)	4.00 ▲ 0.30 (8.11%)
Aisha Steel Mill / May 20 Aisha Steel Mills Limited(ASL)	11.85 ▲ 0.86 (7.83%)
First Imrooz Mod. / May 20 First Imrooz Modaraba(FIMM)	134.38 ▲ 9.37 (7.50%)
Janana D Mal / May 20 Janana De Malucho Textile Mills Limited(JDMT)	55.04 ▲ 3.84 (7.50%)
Sapphire Textile / May 20 Sapphire Textile Mills Limited(SAPT)	1004.55 ▲ 70.05 (7.50%)

Stock	Price
East West Ins. / May 20 East West Insurance Company Limited(EWIC)	77.07 ▲ -12.49 (-13.95%)
Pak. P.V.C. / May 20 Pakistan PVC Limited(PPVC)	4.32 ▲ -0.42 (-8.86%)
Trust Mod. / May 20 Trust Modaraba(TRSM)	1.66 ▲ -0.14 (-7.78%)
Crescent Cotton / May 20 Crescent Cotton Mills Limited(CCM)	46.25 ▲ -3.75 (-7.50%)
Gatron Ind. / May 20 Gatron (Industries) Limited(GATI)	415.10 ▲ -33.65 (-7.50%)
AL-Noor Sugar / May 20 Al-Noor Sugar Mills Limited(ALNRS)	61.86 ▲ -5.01 (-7.49%)
Frontier Ceram / May 20 Frontier Ceramics Limited(FRCL)	29.60 ▲ -2.39 (-7.47%)
S.G.Power / May 20 S.G. Power Limited(SGPL)	4.45 ▲ -0.35 (-7.29%)
Imperial Limited / May 20 Imperial Limited(IML)	13.95 ▲ -1.06 (-7.06%)
Pace (Pak) Ltd. / May 20 Pace (Pakistan) Limited(PACE)	2.99 ▲ -0.22 (-6.85%)

Stock	Volume
Ghani Glo Hol / May 20 Ghani Global Holdings Limited(GGL)	15,051,376 ▼ 0.00
WorldCall Telecom / May 20 Worldcall Telecom Limited(WTL)	13,323,000 ▼ 0.00
Silk Bank Ltd / May 20 Silkbank Limited(SILK)	13,067,500 ▼ 0.00
Telecard Limited / May 20 Telecard Limited(TELE)	9,576,000 ▼ 0.00
Cnergyico PK / May 20 Cnergyico PK Limited(CNERGY)	7,490,536 ▼ 0.00
Fauji Cement / May 20 Fauji Cement Company Limited(FCCL)	6,985,000 ▼ 0.00
Unity Foods Ltd / May 20 Unity Foods Limited(UNITY)	6,435,098 ▼ 0.00
Engro Polymer / May 20 Engro Polymer & Chemicals Limited(EPCL)	5,808,622 ▼ 0.00
Pak Int.Bulk / May 20 Pakistan International Bulk Terminal(PIBTL)	5,229,500 ▼ 0.00
Pak Elektron / May 20 Pak Elektron Limited(PAEL)	5,056,000 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 19	199.00
USD PKR Interbank Buying / May 19	198.80
USD to Japanese Yen / May 19	128.45
USD to Swiss Franc / May 19	0.99
Pound Sterling to USD / May 19	1.23
Euro to USD / May 19	1.05
UK LIBOR % / May 19	0.82

Stock	Volume
S&P 500 / May 19	3923.68
India Sensex / May 19	54208.53
Tokyo Nikkei / May 19	26205.29
Nasdaq / May 19	11418.16
Hang Seng / May 19	20041.14
FTSE 100 / May 19	7438.09
Dow Jones / May 19	31490.07
Germany DAX 30 / May 19	14007.76
France CAC40 / May 19	6352.94

Item	Value
Crude Oil / May 19	110.10
Karachi Cotton Assoc. / May 19	21180.00
Gold 10 Grams / May 19	113300.00
Gold Spot / May 19	1815.89
Cotton / May 19	128.99

Sales Tax

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