Topic

sales tax refunds

FASTER refund system: Govt to curb payments to non-compliant taxpayers

Updated 06 Jun, 2026 09:22am

ISLAMABAD: The federal government has decided to impose major restrictions on the payment of refunds under the...

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...

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 17	278.16
USD PKR Interbank Buying / Jul 17	277.96
USD to Japanese Yen / Jul 17	162.40
USD to Swiss Franc / Jul 17	0.81
Pound Sterling to USD / Jul 17	1.35
Euro to USD / Jul 17	1.14
SOFR % / Jul 17	3.60

Stock	Volume
S&P 500 / Jul 17	7,457.69
India Sensex / Jul 17	78,151.45
Tokyo Nikkei / Jul 17	64,141.12
Nasdaq / Jul 17	25,520.24
Hang Seng / Jul 17	24,562.24
FTSE 100 / Jul 17	10,600.37
Dow Jones / Jul 17	52,146.42
Germany DAX 30 / Jul 17	24,830.98
France CAC40 / Jul 17	8,338.81

Item	Value
Crude Oil USD/Barrel / Jul 17	82.49
Karachi Cotton PKR/37.32 KG / Jul 17	18,780
Gold 10 Grams PKR / Jul 17	361,656
Gold Spot USD/Ounce / Jul 17	4,017.39
Cotton US¢/pound / Jul 17	78.63
Petrol/Litre / Jul 20	316.15
Diesel/Litre / Jul 20	354.35

Gainers
Losers
Leaders

Stock	Price
Dadabhoy Cement / Jul 17 Dadabhoy Cement Industries Limited(DBCI)	17.01 ▲ 1.55 (10.03%)
Ruby Textile / Jul 17 Ruby Textile Mills Limited(RUBY)	17.59 ▲ 1.6 (10.01%)
Crescent Cotton / Jul 17 Crescent Cotton Mills Limited(CCM)	53.68 ▲ 4.88 (10%)
National Silk / Jul 17 The National Silk & Rayon Mills Limited(NSRM)	272.21 ▲ 24.75 (10%)
Suhail Jute / Jul 17 Suhail Jute Mills Limited(SUHJ)	223.96 ▲ 20.36 (10%)
Baba Farid Sugar / Jul 17 Baba Farid Sugar Mills Limited(BAFS)	418.56 ▲ 38.05 (10%)
Shadman Cotton / Jul 17 Shadman Cotton Mills Limited(SHCM)	50.61 ▲ 4.6 (10%)
Asia Ins. / Jul 17 Asia Insurance Company Limited(ASIC)	34.45 ▲ 3.13 (9.99%)
Olympia Mills / Jul 17 Olympia Mills Limited(OML)	107.58 ▲ 9.65 (9.85%)
TPL Trakker Ltd / Jul 17 TPL Trakker Limited(TPLT)	27.91 ▲ 2.5 (9.84%)

Stock	Price
Tariq Corp. (R) / Jul 17 Tariq Corporation Limited(Right)(TCORPR2)	2.70 ▼ -0.89 (-24.79%)
First Punjab Modaraba / Jul 17 First Punjab Modaraba(FPJM)	11.04 ▼ -1.23 (-10.02%)
Khairpur Sug. / Jul 17 Khairpur Sugar Mills Limited(KPUS)	1,871.47 ▼ -207.94 (-10%)
Service Textile / Jul 17 Service Industries Textiles Limited(SERT)	62.27 ▼ -6.92 (-10%)
S.G.Power / Jul 17 S.G. Power Limited(SGPL)	97.59 ▼ -10.84 (-10%)
Mughal Iron & Steel(C) / Jul 17 Mughal Iron & Steel Industries Ltd (C)(MUGHALC)	63 ▼ -6.99 (-9.99%)
Fateh Sports / Jul 17 Fateh Sports Wear Limited(FSWL)	150.29 ▼ -16.65 (-9.97%)
Paramount Spinning / Jul 17 Paramount Spinning Mills Limited(PASM)	10.91 ▼ -1.1 (-9.16%)
Power Cem(Pref) / Jul 17 Power Cement (Pref)(POWERPS)	23.62 ▼ -2.36 (-9.08%)
Supernet Tech. / Jul 17 Supernet Technologies Limited(STL)	41.34 ▼ -3.72 (-8.26%)

Stock	Volume
Cnergyico PK / Jul 17 Cnergyico PK Limited(CNERGY)	86,491,992 ▲ 0.19
TPL Properties / Jul 17 TPL Properties Limited(TPLP)	62,545,194 ▼ -0.67
Pak Refinery / Jul 17 Pakistan Refinery Limited(PRL)	38,580,070 ▲ 2.94
WorldCall Telecom / Jul 17 Worldcall Telecom Limited(WTL)	23,499,606 ▼ -0.04
K-Electric Ltd. / Jul 17 K-Electric Limited(KEL)	18,396,866 ▼ -0.24
Lotte Chemical / Jul 17 Lotte Chemical Pakistan Limited(LOTCHEM)	17,830,259 ▼ -1.32
Hascol Petrol / Jul 17 Hascol Petroleum Limited(HASCOL)	14,534,208 ▼ -0.33
B.O.Punjab / Jul 17 The Bank of Punjab(BOP)	12,503,494 ▼ -0.51
TPL REIT Fund I / Jul 17 TPL REIT Fund I(TPLRF1)	11,458,248 ▼ -0.29
PIA Holding Co.Ltd / Jul 17 PIA Holding Company Limited(PIAHCLA)	10,427,355 ▲ 0.51

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