Topic

Sales Tax Act

Damage to goods, raw materials caused by fire: Losses not covered under Sec 8(1)(a) of ST Act, 1990: SC

Published 28 Oct, 2026 04:46am

ISLAMABAD: The Supreme Court held that the loss of goods due to damage or the loss of raw materials in a fire is not...

Suspension, blacklisting of exporters undermining towel exports, says TMA

Published 20 Oct, 2026 05:10am

KARACHI: The Towel Manufacturers Association of Pakistan (TMA) has expressed serious concern over the Federal Board...

FBR imposes new conditions on units seeking tax credit

Published 08 Oct, 2026 05:42am

ISLAMABAD: The Federal Board of Revenue (FBR) on Wednesday imposed new conditions and restrictions on units intended...

FBR issues stern warning to IR field formations

Published 29 Sep, 2026 04:48am

ISLAMABAD: The Federal Board of Revenue (FBR) has issued a stern warning to the Inland Revenue field formations to...

Aerated waters, beverage production: FBR launches real-time monitoring

Published 07 Aug, 2026 05:15am

ISLAMABAD: The Federal Board of Revenue (FBR) has launched an electronic production monitoring regime for documented...

Updated tax laws omit footnotes on replaced legal provisions

Published 20 Jul, 2026 05:50am

ISLAMABAD: The updated Sales Tax Act, 1990 and Federal Excise Act, 2005 has not mentioned brief explanatory...

Budget 2026 - 27: Notes on clauses

Published 13 Jun, 2026 06:17am

CUSTOMS ACT,1969 (IV OF 1969) Clause 4(1) Seeks to add a new clause 2 (ssssa) to define State Warehouse for legal...

Tax collection: a system designed to fail

Updated 25 May, 2026 08:03am

EDITORIAL: Clearly, Pakistan’s repeated failure to meet tax collection targets is not merely a fiscal problem; it...

Printed retail price: Aurangzeb urged to extend Third Schedule coverage to grocery items

Updated 17 May, 2026 12:51pm

Consumer groups propose mandating printed retail prices on essential groceries in the 2026-27 budget to fight inflation, ensuring transparency and protecting consumers.

DG of Intelligence & Investigation IR: FBR empowers Director to approve inquiry initiation against businessmen involved in tax fraud

Published 18 Mar, 2026 04:35am

ISLAMABAD: The Federal Board of Revenue (FBR) has empowered the Director of the Directorate General of Intelligence...

Tax fraud: FBR issues SOPs for initiating probes, prosecutions, arrests

Updated 07 Mar, 2026 09:20am

ISLAMABAD: The Federal Board of Revenue (FBR) has issued a Standard Operating Procedures (SOPs) for initiating...

Revenue officials may access any business premises: LHC

Published 28 Dec, 2025 03:08am

LAHORE: The Lahore High Court has held that Section 38 of Sales Tax Act authorizes Inland Revenue officers to access...

Sales Tax Act: Concerns raised over new SRO

Updated 06 Nov, 2025 08:42am

ISLAMABAD: Sales tax experts have raised serious concerns over the new S.R.O. 2071 (I)/ 2025, which does not provide...

Sec 66 of ST Act: SC marks out ‘tax period’

Updated 28 Sep, 2025 10:37am

ISLAMABAD: The Supreme Court held that the relevant tax period for purposes of Section 66 of the Sales Tax Act, 1990...

Deputation of IR men at factories: FBR notifies ‘grievance redressal body’

Updated 20 Sep, 2025 09:27am

ISLAMABAD: The Federal Board of Revenue (FBR) has notified the constitution of grievance redressal committee for the...

Online payment intermediaries: Penalties revised for tax fraud, non-filing

Updated 26 Jun, 2025 09:17am

ISLAMABAD: The amended Finance Bill (2025-26) has revised penalty regime for committing tax fraud and non-filing of...

Finance bill contains drafting errors: experts

Updated 23 Jun, 2025 02:13pm

ISLAMABAD: Finance Bill (2025-26) contains drafting errors and contradictions amongst taxing statues including...

Sales Tax Act: Proposed Section 37AA irks businessmen at large

Published 14 Jun, 2025 06:04am

LAHORE: Proposed insertion of a new Section 37AA in the Sales Tax Act has irked businessmen at large, authorizing an...

Sec 179(4) Customs Act: Power of FBR to grant extension ‘narrower’: SC

Updated 03 Jun, 2025 09:05am

ISLAMABAD: The Supreme Court noted that the power of Federal Board of Revenue (FBR) under Section 179(4) of the...

PVMA seeks removal of Section 8B of Sales Tax Act in budget

Published 21 May, 2025 06:28am

KARACHI: Sheikh Umar Rehan, Chairman of the Pakistan Vanaspati Manufacturers Association (PVMA) has urged the ...

FBR amends ST Act to harmonise it with IT law

Updated 14 Jul, 2024 09:38am

LAHORE: The Federal Board of Revenue (FBR) has introduced amendments to the Sales Tax Act to harmonise it with...

Seeking stay from court against recovery: 30pc of disputed tax will be deposited with FBR under new Act

Published 09 May, 2024 03:11am

ISLAMABAD: Taxpayers have to deposit 30 percent of the determined tax with the Federal Board of Revenue (FBR) in...

Punjab govt to amend Sales Tax Act to improve PRA efficiency: minister

Published 04 May, 2024 05:48am

LAHORE: Punjab Finance Minister Mujtaba Shujaur Rehman has said that the documentation of the economy was imperative...

Tax-related disputes: SOEs allowed to adopt ADR facility before litigation

Published 25 Apr, 2024 03:05am

ISLAMABAD: The government has decided to allow state-owned enterprises (SOEs) to first avail the facility of the...

Input tax adjustment time: ST Act doesn’t stipulate any condition or time limit

Published 06 Feb, 2024 05:00am

LAHORE: The Sales Tax Act does not stipulate any condition or restriction of time for adjustment of the input tax...

Replacing defective parts of vehicles under warranty is not a taxable supply

Published 16 Jan, 2024 05:44am

LAHORE: A car manufacturer has proved that replacing defective parts of vehicles under warranty was not a taxable...

Units involved in tax fraud: FBR suggests new sections in ST Act for penal action

Updated 27 Aug, 2023 09:36am

ISLAMABAD: The Federal Board of Revenue (FBR) has proposed separate sections in the Sales Tax Act for suspension of...

Draft amendments to income tax Ord: FBR seeks new powers for IR Commissioners

Updated 15 Aug, 2023 10:27am

ISLAMABAD: The Federal Board of Revenue (FBR) has proposed to give all basic administrative powers of income tax law...

NOTES ON CLAUSES

Published 10 Jun, 2023 05:01am

Clause 3(1)? Seeks to amend section 2 (s) to enable Pakistan Customs ...

Centre-provinces declaration: Power transmission will be treated as ‘service’ from July 1

Updated 06 Apr, 2023 08:45am

ISLAMABAD: The federal government and provinces have declared that the transmission of electricity would be treated...

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 13	276.80 ▼ -0.01
USD PKR Interbank Buying / Nov 13	276.60 ▼ -0.01
USD to Japanese Yen / Nov 13	159.71 ▼ -0.21
USD to Swiss Franc / Nov 13	0.84 ▲ 0.003
Pound Sterling to USD / Nov 13	1.32 ▼ -0.0022
Euro to USD / Nov 13	1.10 ▼ -0.0036
SOFR % / Nov 12	3.90 ▲ 0.01

Stock	Volume
S&P 500 / Nov 13	7,561.67
India Sensex / Nov 13	81,592.45
Tokyo Nikkei / Nov 13	61,142.35
Nasdaq / Nov 13	25,136.27
Hang Seng / Nov 13	23,637.60
FTSE 100 / Nov 13	10,902.56
Dow Jones / Nov 13	52,347.55
Germany DAX 30 / Nov 13	26,749.95
France CAC40 / Nov 13	8,368.91

Item	Value
Petrol/Litre / Nov 14	330
Diesel/Litre / Nov 14	360
Crude Oil USD/Barrel / Nov 13	88.56
Karachi Cotton PKR/37.32 KG / Nov 13	18,080
Gold 10 Grams PKR / Nov 13	352,911
Gold Spot USD/Ounce / Nov 13	3,884.49
Cotton US¢/pound / Nov 13	82.61

Gainers
Losers
Leaders

Stock	Price
Yousuf Weaving / Nov 13 Yousaf Weaving Mills Limited(YOUW)	6.07 ▲ 1 (19.72%)
Dewan Sugar / Nov 13 Dewan Sugar Mills Limited(DWSM)	8.77 ▲ 1 (12.87%)
LSE Financial Serv. / Nov 13 LSE Financial Services Limited(LSEFSL)	2.64 ▲ 0.28 (11.86%)
Shabbir Tiles / Nov 13 Shabbir Tiles & Ceramics Limited(STCL)	10.10 ▲ 1 (10.99%)
WorldCall Telecom / Nov 13 Worldcall Telecom Limited(WTL)	1.38 ▲ 0.13 (10.4%)
Pervez Ahmed Consultancy / Nov 13 Pervez Ahmed Consultancy Services Ltd.(PASL)	12.06 ▲ 1.1 (10.04%)
Unicap Modaraba / Nov 13 Unicap Modaraba(UCAPM)	22.84 ▲ 2.08 (10.02%)
Leather Up Ltd. / Nov 13 Leather Up Limited(LEUL)	82.90 ▲ 7.54 (10.01%)
Ningbo Green Light / Nov 13 Ningbo Green Light Energy Limited(NGLEL)	16.48 ▲ 1.5 (10.01%)
Zuma Resources / Nov 13 Zuma Resources Limited(ZUMA)	33.75 ▲ 3.07 (10.01%)

Stock	Price
Arpak Int. / Nov 13 Arpak International Investments Ltd.(ARPAK)	124.84 ▼ -13.87 (-10%)
First AL-Noor Mod. / Nov 13 First Al-Noor Modaraba(FANM)	12.64 ▼ -1.36 (-9.71%)
Shadman Cotton / Nov 13 Shadman Cotton Mills Limited(SHCM)	69.87 ▼ -6.73 (-8.79%)
Fateh Sports / Nov 13 Fateh Sports Wear Limited(FSWL)	193.60 ▼ -16.58 (-7.89%)
Asim Textile / Nov 13 Asim Textile Mills Limited(ASTM)	62.73 ▼ -4.34 (-6.47%)
D.M. Corporation / Nov 13 D.M. Corporation Limited(DMC)	151.06 ▼ -9.64 (-6%)
Bhanero Textile / Nov 13 Bhanero Textile Mills Limited(BHAT)	1,207.41 ▼ -76.42 (-5.95%)
Hira Textile / Nov 13 Hira Textile Mills Limited(HIRAT)	4.01 ▼ -0.24 (-5.65%)
J.A.Textile / Nov 13 J.A. Textile Mills Limited(JATM)	73.72 ▼ -4.26 (-5.46%)
AN Textile Mills / Nov 13 AN Textile Mills Limited(ANTM)	58.55 ▼ -3.21 (-5.2%)

Stock	Volume
WorldCall Telecom / Nov 13 Worldcall Telecom Limited(WTL)	303,195,710 ▲ 0.13
Kohinoor Spinning / Nov 13 Kohinoor Spinning Mills Limited(KOSM)	59,505,118 ▲ 0.34
LSE Financial Serv. / Nov 13 LSE Financial Services Limited(LSEFSL)	46,791,082 ▲ 0.28
Dost Steels Ltd. / Nov 13 Dost Steels Limited(DSL)	43,180,738 ▲ 0.37
TPL Properties / Nov 13 TPL Properties Limited(TPLP)	32,746,701 ▲ 0.48
Tasdeeq Info. Serv. / Nov 13 Tasdeeq Information Services Limited(TISL)	27,571,943 ▲ 0.05
F. Nat.Equities / Nov 13 First National Equities Limited(FNEL)	24,996,122 ▲ 0.01
Yousuf Weaving / Nov 13 Yousaf Weaving Mills Limited(YOUW)	24,965,743 ▲ 1
Cnergyico PK / Nov 13 Cnergyico PK Limited(CNERGY)	22,527,745 ▲ 0.14
Dar-es-Salaam / Nov 13 Dar-es-Salaam Textile Mills Limited(DSML)	21,467,835 ▲ 0.82

Sales Tax Act

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