Topic

Sales Tax Act 1990

Import, export of live animals: FBR issues procedure for deferment of duties, taxes

Published 09 Oct, 2026 05:27am

ISLAMABAD: The Federal Board of Revenue (FBR) has issued a strict procedure for deferment of duties and taxes on the...

External accountants: Senior tax officials empowered to assign re-audit of taxpayers

Published 23 Jul, 2026 05:26am

ISLAMABAD: The government has empowered the senior tax officials to assign re-audit of accounts of the sales...

Sections 11D, 11E operate in separate fields: ATIR Islamabad

Updated 13 Jul, 2026 09:05am

ISLAMABAD: In a landmark ruling clarifying the scope of penal and recovery provisions under the Sales Tax Act, 1990,...

Probe before any arrest: FBR wing legally bound to consult business reps

Updated 07 Aug, 2025 09:26am

ISLAMABAD: Fulfilling a major demand of the business community, the Federal Board of Revenue (FBR) Member (Inland...

ICAP says AOB in finance bill may not be appropriate forum

Published 23 Jun, 2025 06:29am

KARACHI: The Institute of Chartered Accountants of Pakistan (ICAP) has reviewed the discussions held during the...

Only SRB submits Finance Bill feedback to Senate panel

Updated 16 Jun, 2025 09:27am

ISLAMABAD: Except Sindh Revenue Board (SRB), provinces have not submitted their observations on the Finance Bill...

SC larger bench confirms decision in Super Asia case

Updated 18 May, 2025 09:20am

ISLAMABAD: A larger bench of the Supreme Court confirmed the decision in the Super Asia case, and affirmed the...

Entry-151 of Sixth Schedule to STA: SC CB grants status quo, restores amendment

Updated 15 May, 2025 09:35am

ISLAMABAD: The Constitutional Bench of the Supreme Court granting status quo, restored and maintained the amendment...

FBR deputes officers at 21 beverages cos

Updated 12 May, 2025 09:30am

ISLAMABAD: The Federal Board of Revenue has deputed over 50 Inland Revenue officers at 21 beverage manufacturing...

Veg ghee mill: ATIR annuls Rs1.5bn GST demand by Peshawar RTO

Published 23 Mar, 2025 05:26am

ISLAMABAD: The Appellate Tribunal Inland Revenue (ATIR) has annulled sales tax demand amounting to Rs1.5 billion...

SHC could initiate proceedings against CTO IR chief

Published 20 Mar, 2025 05:30am

ISLAMABAD: Sindh High Court (SHC) will initiate proceedings against Chief Commissioner Corporate Tax Office (CTO),...

‘Fake’ purchase of coal by cement makers: Abrupt transfer of officers halts probe into Rs11bn tax fraud

Updated 10 Dec, 2024 03:25pm

KARACHI: The Federal Board of Revenue (FBR) has reportedly halted investigations into an alleged Rs11 billion tax...

Input tax claim and credit: SC defines applicability of Section 8 of Sales Tax Act

Updated 17 Nov, 2024 09:38am

ISLAMABAD: The Supreme Court observed that Section 8 of the Sales Tax Act, 1990, only prohibits the claim, credit or...

Review plea against apex court verdict: SC rules on Section 45B(2) of ST Act provisos

Published 14 Nov, 2024 08:16am

ISLAMABAD: The Supreme Court by majority declared that first and second provisos to Section 45B(2) of the Act are...

Sales tax condonation for time limit: FBR issues ‘checklist’ for taxpayers

Updated 19 Sep, 2024 08:51am

ISLAMABAD: The Federal Board of Revenue (FBR) has issued a “checklist” for processing of condonation cases of...

Commissioner IR tells APTMA member mills: FBR devises three automated systems to streamline payment system

Published 30 Aug, 2024 06:08am

LAHORE: Raza Ashfaq Sheikh, Commissioner Inland Revenue and Member Sales Tax Appellate Tribunal Punjab, has ...

Imported goods specified in Third Schedule: FBR empowered to fix value of supply

Updated 06 Aug, 2024 09:07am

ISLAMABAD: The Federal Board of Revenue (FBR) has been empowered to fix the value of supply in case of imported...

‘Tax fraud’ definition expanded under revised Sales Tax Act 1990

Updated 26 Jul, 2024 09:40am

ISLAMABAD: The “tax fraud” would cover any person, who would make taxable supplies without getting sales tax...

New section added to ST Act 1990: Concept of ‘investigative audit’ introduced

Published 13 Jun, 2024 06:22am

ISLAMABAD: A major change having far-reaching consequences proposed in the Finance Bill 2024 is the introduction of...

Exporter succeeds in obtaining input tax against alleged fake/flying invoices

Published 01 Dec, 2023 04:43am

LAHORE: A silk manufacturer cum exporter has succeeded in obtaining input tax against the alleged fake/flying...

Manufacturing premises: FBR refuses DA to IR staff

Published 23 Nov, 2023 03:19am

ISLAMABAD: The Federal Board of Revenue (FBR) has refused to grant daily allowance (DA) to the officers/ staff of...

I&I-IR detects illegal adjustments of Rs70bn input tax

Updated 15 Oct, 2023 09:37am

ISLAMABAD: The Directorate General Intelligence and Investigation Inland Revenue (I&I-IR)’s national...

Two accused held under Section 37A of ST Act 1990

Published 29 Sep, 2023 06:24am

ISLAMABAD: In an effort to curb the menace of fake and flying invoices, Directorate of Inland Revenue Intelligence...

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...

Sale tax law: expert approves of new definition of ‘tax fraud’

Updated 31 Jul, 2023 09:46am

ISLAMABAD: The acquirers or possessors (traders) of smuggled/ domestic goods, on which sales tax has not been paid,...

FBR to ‘sell’ excise rules, general orders, departmental rulings to public

Updated 06 Jul, 2023 08:39am

ISLAMABAD: The Federal Board of Revenue (FBR) will “sell” federal excise rules, general orders and departmental...

Track & trace system scheme not violative of sales tax law: IHC

Updated 01 May, 2023 09:04am

ISLAMABAD: Islamabad High Court (IHC) has ruled that the entire scheme of the track and trace system of the Federal...

Computerised arms licences: FBR asked to confirm sales tax chargeability

Published 15 Mar, 2023 06:01am

ISLAMABAD: The Federal Tax Ombudsman (FTO) on Tuesday directed the Federal Board of Revenue (FBR) to confirm the...

Tier-1 retailers unhappy with direct imposition of ‘highest’ penalty

Published 05 Mar, 2023 03:36am

LAHORE: The Tier-1 Retailers (T-1Rs) are offended with direct imposition of the highest degree of penalty by the...

Well-known outlet sealed over failure to install PoS app

Published 03 Mar, 2023 06:12am

RAWALPINDI: The Regional Tax Office (RTO), Rawalpindi, on Thursday sealed a famous business outlet over failure to...

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

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 1990

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