Topic

Sales Tax Act

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...

Supply of sugar: LHC restrains FBR from setting minimum value

Published 21 Dec, 2022 06:05am

ISLAMABAD: The Lahore High Court (LHC) has restrained the Federal Board of Revenue (FBR) from the fixation of the...

Small retailers: fixed tax regime rationalized

Updated 22 Jul, 2022 09:17am

Tax amounts shall be doubled if name of retailer does not appear on Active Taxpayers List

Budgetary measures: FBR issues notifications

Updated 02 Jul, 2022 09:51am

ISLAMABAD: The Federal Board of Revenue (FBR) has issued notifications for the implementation of the budgetary...

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 29	277.32
USD PKR Interbank Buying / Sep 29	277.12
USD to Japanese Yen / Sep 30	157.03
USD to Swiss Franc / Sep 30	0.83
Pound Sterling to USD / Sep 30	1.32
Euro to USD / Sep 30	1.13
SOFR % / Sep 28	3.90

Stock	Volume
S&P 500 / Sep 29	7,670.84
Nasdaq / Sep 29	26,797.54
Dow Jones / Sep 29	51,349.92
India Sensex / Sep 30	72,729.39
Tokyo Nikkei / Sep 30	66,728.56
Hang Seng / Sep 30	24,534.37
FTSE 100 / Sep 30	10,714.17
Germany DAX 30 / Sep 30	25,546.29
France CAC40 / Sep 30	8,055.71

Item	Value
Karachi Cotton PKR/37.32 KG / Sep 29	18,780
Gold 10 Grams PKR / Sep 29	374,945
Petrol/Litre / Sep 30	387.54
Crude Oil USD/Barrel / Sep 30	89.69
Gold Spot USD/Ounce / Sep 30	4,309.98
Diesel/Litre / Sep 30	402.24
Cotton US¢/pound / Sep 30	79.18

Gainers
Losers
Leaders

Stock	Price
Colony Tex.Mills Ltd / Sep 30 Colony Textile Mills Limited(CTM)	7.26 ▲ 1 (15.97%)
Kohinoor Spinning / Sep 30 Kohinoor Spinning Mills Limited(KOSM)	5.73 ▲ 0.77 (15.52%)
Lse Spac-I Ltd. / Sep 30 Lse Spac-I Limited(SPAC1)	20.41 ▲ 1.86 (10.03%)
Tri-Star Mutual / Sep 30 Tri-Star Mutual Fund Limited(TSMF)	16.57 ▲ 1.51 (10.03%)
Sindh Modaraba / Sep 30 Sindh Modaraba(SINDM)	33.28 ▲ 3.03 (10.02%)
Ghazi Fabrics / Sep 30 Ghazi Fabrics International Limited(GFIL)	26.38 ▲ 2.4 (10.01%)
Asim Textile / Sep 30 Asim Textile Mills Limited(ASTM)	113.96 ▲ 10.36 (10%)
Dadex Eternit / Sep 30 Dadex Eternit Limited(DADX)	150.32 ▲ 13.67 (10%)
First Punjab Modaraba / Sep 30 First Punjab Modaraba(FPJM)	29.04 ▲ 2.64 (10%)
Oilboy Energy / Sep 30 Oilboy Energy Limited(OBOY)	18.59 ▲ 1.69 (10%)

Stock	Price
Ashfaq Textile / Sep 30 Ashfaq Textile Mills Limited(ASHT)	50.57 ▼ -5.62 (-10%)
Ghani Chemworld Limited(PRS) / Sep 30 Ghani Chemworld Limited(PRS)(GCWLPRS)	118.83 ▼ -13.16 (-9.97%)
Burj Clean Energy Modaraba / Sep 30 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	11.25 ▼ -1.15 (-9.27%)
The Thal Ind.Corp. / Sep 30 The Thal Industries Corporation Limited(TICL)	918.13 ▼ -92.07 (-9.11%)
Pakistan Services / Sep 30 Pakistan Services Limited(PSEL)	1,019.63 ▼ -99.15 (-8.86%)
Mandviwala / Sep 30 Mandviwala Mauser Plastic Industries(MWMP)	77.07 ▼ -7.14 (-8.48%)
S.G.Power / Sep 30 S.G. Power Limited(SGPL)	23.41 ▼ -1.84 (-7.29%)
D.M. Corporation / Sep 30 D.M. Corporation Limited(DMC)	165.33 ▼ -11.63 (-6.57%)
Cordoba Logistics / Sep 30 Cordoba Logistics & Ventures Limited(CLVL)	28.32 ▼ -1.94 (-6.41%)
EMCO Industries / Sep 30 Emco Industries Limited(EMCO)	32.10 ▼ -1.93 (-5.67%)

Stock	Volume
Pak Int.Bulk / Sep 30 Pakistan International Bulk Terminal(PIBTL)	73,446,994 ▲ 0.11
Kohinoor Spinning / Sep 30 Kohinoor Spinning Mills Limited(KOSM)	58,387,095 ▲ 0.77
Tasdeeq Info. Serv. / Sep 30 Tasdeeq Information Services Limited(TISL)	50,882,891 ▼ -0.09
Cnergyico PK / Sep 30 Cnergyico PK Limited(CNERGY)	28,308,841 ▲ 0.03
D.S. Ind. Ltd. / Sep 30 D.S. Industries Limited(DSIL)	21,823,804 ▲ 1.27
Arif Habib Corp / Sep 30 Arif Habib Corporation Limited(AHCL)	17,873,579 ▲ 0.1
Pak Refinery / Sep 30 Pakistan Refinery Limited(PRL)	17,817,038 ▲ 0.45
WorldCall Telecom / Sep 30 Worldcall Telecom Limited(WTL)	17,431,935 ▼ -0.01
S.G.Power / Sep 30 S.G. Power Limited(SGPL)	16,575,953 ▼ -1.84
F. Nat.Equities / Sep 30 First National Equities Limited(FNEL)	14,238,200 ▲ 0

Sales Tax Act

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