Trends - Sales Tax - Business Recorder

Sales Tax

New tax raising steps under consideration

Proposed measures include increase in rates of withholding taxes, more indirect taxation, three percent flood levy on imports, and tax on banks’ foreign exchange income

Updated 18 Jan, 2023 12:40pm

State revenue: FTO directs FBR to implement effective mechanism

ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to implement an effective...

Updated 18 Jan, 2023 08:44am

Rs550bn tax gap largely falls in five sectors: FBR

ISLAMABAD: The huge sales tax gap of Rs 550 billion largely falls in food, beverages, tobacco, textile, wholesale...

Updated 15 Jan, 2023 03:16pm

Markets

Oil prices may be kept unchanged

ISLAMABAD: Based on the existing petroleum levy (PL) and general sales tax (GST) on petroleum products, an estimated...

Published 14 Jan, 2023 06:22am

Business & Finance

PHMA calls for PM’s intervention over SBP’s restrictions

LAHORE: Pakistan Hosiery Manufacturers & Exporters Association (PHMA) has lamented that the import restriction ...

Published 13 Jan, 2023 06:05am

Business & Finance

FBR asks 81 big retailers to get integrated with POS

ISLAMABAD: The Federal Board of Revenue (FBR) has directed 81 unregistered retailers (Tier-1) to integrate them with...

Published 11 Jan, 2023 05:53am

Business & Finance

FBR sees Rs1289bn tax gap for 2022

ISLAMABAD: The Federal Board of Revenue (FBR) has worked out overall tax gap of Rs1,289 billion during 2022, which...

Published 10 Jan, 2023 06:28am

Opinion

Faltering exports

The textile exports are faltering since July 2022. They have been growing rapidly for the previous two years, but we...

Updated 10 Jan, 2023 06:51am

Jul-Dec: FBR makes Rs176bn payment against refunds

ISLAMABAD: The Federal Board of Revenue (FBR) has paid refunds of Rs176 billion during the first half ...

Updated 08 Jan, 2023 10:16am

Business & Finance

PTA highlights problems being faced by tanners

KARACHI: Chairman, Pakistan Tanners Association (PTA), M Mehr Ali has appealed to the Prime Minister of Pakistan,...

Published 07 Jan, 2023 07:33am

ST collected from consumers: Businesspeople urged to deposit entire amount in exchequer

ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Thursday, urged upon the business...

Updated 06 Jan, 2023 09:03am

Business & Finance

In bid to enhance recovery, FBR speeds up issuing of notices to taxpayers

LAHORE: The Federal Board of Revenue (FBR) has sped up issuing of notices to taxpayers to enhance recovery efforts ...

Published 05 Jan, 2023 05:58am

Old COE/used stores of civil armed forces exempted from tax

ISLAMABAD: The Federal Board of Revenue (FBR) has exempted sales tax on old contingent-owned equipment (COE) or used...

Updated 04 Jan, 2023 09:45am

Opinion

Stresses on the federation

The public eye has been focused on the on-going confrontation between the federal government of the PDM and the...

Published 03 Jan, 2023 03:25am

GST or duty on imported DAP fertilizer: Body to analyse proposal of industry

ISLAMABAD: The government has constituted a committee to analyse a proposal of the domestic industry to impose...

Updated 03 Jan, 2023 09:07am

Opinion

All is far from well

The state of the economy today should be a source of serious concern to the eleven-party coalition government in...

Published 02 Jan, 2023 05:54am

Editorials

Reluctant retailers

EDITORIAL: Good luck to the Senate standing committee on finance as it tries to drag two million reluctant retailers...

Published 02 Jan, 2023 05:54am

Business & Finance

Erstwhile tribal areas: Steel and ghee/cooking industries told to justify tax exemption demand

ISLAMABAD: Minister of State for Finance Aisha Ghaus Pasha Thursday categorically conveyed to the steel and...

Updated 30 Dec, 2022 08:42am

Business & Finance

Manufacturers in KP affected: Show-cause notices being issued for tax periods prior to 25th Amendment

LAHORE: The FBR field formations, particularly those in Khyber Pakhtunkhwa (KP), are pursuing suppliers of goods to...

Published 27 Dec, 2022 06:07am

Business & Finance

Fleecing end-consumers: FTO issues second order against MTL

ISLAMABAD: Federal Tax Ombudsman (FTO) has unearthed that Millat Tractors Limited (MTL) has not passed on the relief...

Published 21 Dec, 2022 06:46am

Opinion

Cash surplus of provincial govts

The role of the four provincial governments has increased after the 18th Amendment. They have also become entitled ...

Published 20 Dec, 2022 05:58am

Revenue collection: PM toughens FY23 target regardless of import contraction

Prime Minister Shehbaz Sharif directs FBR to achieve revenue target of Rs7.6 trillion by June 30

Updated 20 Dec, 2022 09:40am

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

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

Updated 20 Dec, 2022 09:32am

Editorials

The revenue shortfall

EDITORIAL: Tax revenue shortfall is projected at 800 billion rupees as per former Finance Minister Dr Hafeez A. ...

Published 19 Dec, 2022 06:00am

Pakistan

Punjab collects over Rs135bn revenue thru e-Pay Punjab

LAHORE: The Punjab government has collected record tax revenue of over Rs135 billion to date through e-Pay Punjab, ...

Published 09 Dec, 2022 05:58am

Business & Finance

Pharma supplies: KTBA urges FBR to revisit clarification about ‘further tax’

KARACHI: Karachi Tax Bar Association (KTBA) has urged the Federal Board of Revenue (FBR) to revisit its earlier...

Updated 09 Dec, 2022 09:25am

FBR set to fix minimum value for sugar supply

FBR has constantly been engaged with the industry on the issue and taking input of the concerned industry

Updated 05 Dec, 2022 02:06pm

Business & Finance

FBR issues STGO 5: 89 unregistered retailers told to integrate with POS by 12th

ISLAMABAD: The Federal Board of Revenue (FBR) has warned 89 unregistered retailers (Tier-1) to integrate themselves...

Published 03 Dec, 2022 05:50am

Business & Finance

Rs537bn target for Nov also achieved: FBR surpasses five-month tax target of Rs2.680trn

ISLAMABAD: The Federal Board of Revenue (FBR) has exceeded both targets of Rs2,680 billion set for July-November...

Updated 01 Dec, 2022 11:36am

Business & Finance

‘Released’ consignments: Customs Adjudication can’t recover short levy, tax: SHC

ISLAMABAD: The Sindh High Court (SHC), Tuesday, declared that the officers of the Collectorate of Customs...

Updated 30 Nov, 2022 09:57am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 10	278.14
USD PKR Interbank Buying / May 10	277.97
USD to Japanese Yen / May 10	155.70
USD to Swiss Franc / May 10	0.91
Pound Sterling to USD / May 10	1.25
Euro to USD / May 10	1.08

Stock	Volume
S&P 500 / May 9	5214.08
Nasdaq / May 9	16346.27
Dow Jones / May 9	39387.76
India Sensex / May 10	72468.66
Tokyo Nikkei / May 10	38229.11
Hang Seng / May 10	18970.69
FTSE 100 / May 10	8438.19
Germany DAX 30 / May 10	18827.29

Item	Value
Petrol/Litre / May 10	288.49
Crude Oil USD/Barrel / May 10	79.87
Karachi Cotton PKR/37.32 KG / May 10	19935
Gold 10 Grams PKR / May 10	209019
Gold Spot USD/Ounce / May 10	2369.35
Diesel/Litre / May 10	281.96

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 10 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 10 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 10 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 10 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 10 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 10 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 10 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 10 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 10 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 10 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 10 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 10 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 10 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 10 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 10 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 10 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 10 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 10 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 10 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 10 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 10 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 10 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 10 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 10 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 10 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 10 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 10 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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