Topic

sales tax refunds

PVMA chairman urges govt to release pending sales tax refunds

Published 04 Nov, 2025 06:39am

KARACHI: Pakistan Vanaspati Manufacturers Association (PVMA) Chairman Sheikh Umer Rehan has urged the government to...

APTMA urges reversal of double advance taxation structure

Published 30 Aug, 2025 06:00am

ISLAMABAD: The All Pakistan Textile Mills Association (APTMA) has strongly protested against the continued ...

FASTER system: FBR eases cap for deferred ST refunds

Updated 29 Jul, 2025 09:15am

ISLAMABAD: The Federal Board of Revenue (FBR) has relaxed upper capping limit up to 10 percent of the export value...

No room for illusions

Updated 02 Jun, 2025 07:47am

I’ll be blunt and direct — there’s no room for comforting illusions when it comes to export growth. The world...

Increase exports or perish

Updated 23 Nov, 2024 06:52am

EDITORIAL: It’s shocking to say the least that exporters of seasonal fruits have once again failed to meet their...

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 ...

Prior to March 21st: FBR issues all refund claims of exporters

Updated 02 Apr, 2024 09:40am

ISLAMABAD: The Federal Board of Revenue (FBR) has issued all sales tax refund claims of exporters which were created...

FBR officers asked to dispose of deferred ST refunds by June 1

Updated 08 Mar, 2024 08:49am

ISLAMABAD: The Federal Board of Revenue (FBR) Thursday directed field formations to dispose of deferred sales tax...

KATI commends govt for issuing Rs65bn sales tax refunds

Published 07 Mar, 2024 04:59am

KARACHI: Former President of the Korangi Association of Trade and Industry (KATI), Sheikh Umer Rehan, commended the...

˜Salt exporters struggling with delays in receiving refunds

Published 01 Mar, 2024 02:59am

KARACHI: Qasim Yaqoob Paracha, Chairman of the Salt Manufacturers Association Pakistan, stated that the salt export...

Facilitating exporters: FTO suggests FBR to declare RPOs as exchangeable payment instruments

Published 27 Jan, 2024 06:20am

ISLAMABAD: The Federal Tax Ombudsman (FTO) has strongly recommended the Federal Board of Revenue (FBR) to declare...

30pc taxpayers have obtained ST registration to get sales tax refunds fraudulently?

Updated 10 Jan, 2024 10:12am

ISLAMABAD: Around 30 percent of the total sales tax registered persons (397,000) have obtained sales tax...

FBR pays refunds/customs rebates of Rs335.6bn in 2022-23

Published 29 Nov, 2023 05:09am

ISLAMABAD: The Federal Board of Revenue (FBR) has paid refunds/customs rebates of Rs335.6 billion during 2022-23 as...

Chief Commissioner LTO vows to help resolve issues facing APTMA

Published 26 Oct, 2023 06:08am

LAHORE: Syed Mahmood Hussain Jafri, Chief Commissioner Large Tax Office (LTO) Lahore, has assured the Aptma members...

Towel exporters demand payment of sales tax refunds

Updated 25 Oct, 2023 08:47am

KARACHI: Syed Usman Ali, the Senior Vice Chairman of the Towel Manufacturers Association of Pakistan, has voiced...

ST refunds, other issues facing APTMA members: Chief commissioner LTO Lahore vows remedial action

Published 18 Oct, 2023 06:09am

LAHORE: Syed Mahmood Hussain Jafri, Chief Commissioner Large Tax Office (LTO) Lahore, has assured the APTMA members...

PHMA urges FBR to expedite disbursement of sales tax refunds

Published 02 Apr, 2023 03:02am

LAHORE: The Pakistan Hosiery Manufacturers & Exporters Association (PHMA) on Saturday asked the Federal Board of...

Towel makers demand release of ST refunds

Published 01 Apr, 2023 06:21am

KARACHI: The Chairman of the Towel Manufacturers Association of Pakistan, Tahir Jahangir stated that the month of...

Jan, Feb 2023: FBR pays Rs45bn to exporters despite slow FASTER system

Updated 21 Mar, 2023 08:55am

ISLAMABAD: The Federal Board of Revenue (FBR) has never stopped payment of sales tax refunds under the FASTER system...

Exporters detect ‘flaws’ in FBR’s new refund procedure

Updated 20 Mar, 2023 08:59am

ISLAMABAD: Prominent exporters have pointed out some serious flaws in the revised procedure of the Federal Board of...

Specified goods, services: FBR disallows ST refunds to 5 export-oriented sectors

Updated 18 Mar, 2023 09:12am

KARACHI: Federal Board of Revenue (FBR) has disallowed the sales tax refunds of number of specified goods and...

Automated refunds: FBR to apply new risk parameters for processing

Updated 17 Mar, 2023 09:16am

ISLAMABAD: The Federal Board of Revenue (FBR) will apply new risk parameters for processing the automated sales tax...

FBR restores ‘FASTER’ system

Updated 08 Mar, 2023 08:41am

ISLAMABAD: The Federal Board of Revenue (FBR), Tuesday, restored “FASTER” system for speedy payment of sales tax...

Textile exporters: FBR vows to ensure speedy refund payments

Published 02 Mar, 2023 06:23am

ISLAMABAD: The Federal Board of Revenue (FBR), Wednesday, assured textile exporters of restoring speedy payment of...

‘FASTER’ system: Jul-Nov payment of ST refunds rises 44.5pc to Rs143.8bn YoY

Updated 20 Dec, 2022 09:32am

ISLAMABAD: The Federal Board of Revenue (FBR) has made payment of sales tax refunds of Rs143.8 billion under the...

PAAPAM highlights factors behind drop in tractor sales

Published 06 Dec, 2022 05:58am

LAHORE: Chairman of the Pakistan Association of Auto Parts & Accessories Manufacturers (PAAPAM) Munir Bana has...

Value-added textile sector seeks early release of Rs300bn ST refunds

Published 25 Nov, 2022 05:48am

KARACHI: The value-added textile sector on Thursday stepped up to seek an immediate release of an estimated Rs300...

Severe liquidity crunch adversely affecting textile exports: PRGMEA

Published 22 Nov, 2022 03:23am

LAHORE: The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has said that the severe...

OICCI members: FBR urged to clear Rs80bn refunds

Updated 02 Nov, 2022 09:42am

ISLAMABAD: Overseas Investors Chamber of Commerce and Industry (OICCI) has urged the chairman Federal Board of...

Delay in sales tax refunds adversely affecting export cycle, says PTEA

Published 21 Oct, 2022 05:57am

FAISALABAD: Undue delay in payment of exporters’ sales tax refunds against approved Refund Payment Orders (RPOs) ...

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Forex
World
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Currency	Rate
USD PKR Interbank Selling / Jun 3	278.65
USD PKR Interbank Buying / Jun 3	278.45
USD to Japanese Yen / Jun 3	159.93
USD to Swiss Franc / Jun 3	0.79
Pound Sterling to USD / Jun 3	1.34
Euro to USD / Jun 3	1.16
SOFR % / Jun 3	3.63

Stock	Volume
S&P 500 / Jun 3	7,553.68
India Sensex / Jun 3	74,346.17
Tokyo Nikkei / Jun 3	68,402.13
Nasdaq / Jun 3	26,853.97
Hang Seng / Jun 3	25,633.21
FTSE 100 / Jun 3	10,332.30
Dow Jones / Jun 3	50,687.07
Germany DAX 30 / Jun 3	24,795.94
France CAC40 / Jun 3	8,150.42

Item	Value
Crude Oil USD/Barrel / Jun 3	95.34
Gold 10 Grams PKR / Jun 3	401,030
Gold Spot USD/Ounce / Jun 3	4,452.30
Cotton US¢/pound / Jun 3	80.51
Petrol/Litre / Jun 4	381.78
Diesel/Litre / Jun 4	380.78

Gainers
Losers
Leaders

Stock	Price
Wasl Mobility Mod. / Jun 3 Wasl Mobility Modaraba(WASL)	5.91 ▲ 1 (20.37%)
Gulshan Sp. / Jun 3 Gulshan Spinning Mills Limited(GSPM)	6.18 ▲ 1 (19.31%)
First AL-Noor Mod. / Jun 3 First Al-Noor Modaraba(FANM)	6.88 ▲ 1 (17.01%)
Chenab Ltd (Pref) / Jun 3 Chenab Limited (Pref)(CLCPS)	3.85 ▲ 0.44 (12.9%)
Chenab Ltd / Jun 3 Chenab Limited(CHBL)	9.61 ▲ 0.91 (10.46%)
Askari Life Assur. / Jun 3 Askari Life Assurance Company Limited(ALAC)	19.24 ▲ 1.75 (10.01%)
Dawood Equities / Jun 3 Dawood Equities Limited(DEL)	20.56 ▲ 1.87 (10.01%)
Grays Leasing / Jun 3 Grays Leasing Limited(GRYL)	20.89 ▲ 1.9 (10.01%)
Shahzad Tex. / Jun 3 Shahzad Textile Mills Limited(SZTM)	68.38 ▲ 6.22 (10.01%)
Ideal Spinning / Jun 3 Ideal Spinning Mills Limited(IDSM)	72.48 ▲ 6.59 (10%)

Stock	Price
Khairpur Sug. / Jun 3 Khairpur Sugar Mills Limited(KPUS)	2,164.61 ▼ -240.51 (-10%)
Diamond Ind. / Jun 3 Diamond Industries Limited(DIIL)	71.48 ▼ -7.9 (-9.95%)
Tri-Star Mutual / Jun 3 Tri-Star Mutual Fund Limited(TSMF)	16.88 ▼ -1.62 (-8.76%)
Power Cem(Pref) / Jun 3 Power Cement (Pref)(POWERPS)	27.79 ▼ -2.41 (-7.98%)
Paramount Mod / Jun 3 First Paramount Modaraba(FPRM)	13.90 ▼ -1.1 (-7.33%)
AN Textile Mills / Jun 3 AN Textile Mills Limited(ANTM)	30.18 ▼ -2.23 (-6.88%)
Al-Khair Gadoon / Jun 3 Al-Khair Gadoon Limited(AKGL)	52.03 ▼ -3.68 (-6.61%)
Gammon Pak / Jun 3 Gammon Pakistan Limited(GAMON)	19.23 ▼ -1.32 (-6.42%)
Burshane LPG / Jun 3 Burshane LPG (Pakistan) Limited(BPL)	56.96 ▼ -3.61 (-5.96%)
Punjab Oil / Jun 3 Punjab Oil Mills Limited(POML)	147.13 ▼ -8.47 (-5.44%)

Stock	Volume
Treet Battery / Jun 3 Treet Battery Limited(TBL)	46,642,698 ▼ -0.03
Dewan Cement / Jun 3 Dewan Cement Limited(DCL)	33,760,377 ▲ 0.4
Sitara Petroleum Service / Jun 3 Sitara Petroleum Service Limited(SPSL)	25,238,548 ▲ 0.84
Beco Steel Ltd / Jun 3 Beco Steel Limited(BECO)	23,949,474 ▲ 0.46
P.T.C.L. / Jun 3 Pakistan Telecommunication Company Ltd(PTC)	23,376,596 ▲ 0.82
TPL Corp Ltd / Jun 3 TPL Corp Limited(TPL)	17,752,841 ▲ 0.38
Cnergyico PK / Jun 3 Cnergyico PK Limited(CNERGY)	16,285,113 ▼ -0.2
WorldCall Telecom / Jun 3 Worldcall Telecom Limited(WTL)	14,753,659 ▼ -0.01
K-Electric Ltd. / Jun 3 K-Electric Limited(KEL)	13,876,959 ▼ -0.12
Mahanna Islamic Index / Jun 3 Mahanna Islamic Index Traded Fund(MIIETF)	13,316,500 ▼ -0.13

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