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Sales Tax

Analysing FBR clarification

EDITORIAL: A Federal Board of Revenue (FBR) clarification, categorically refuting criticism against its existing...

Published 15 Nov, 2022 05:52am

Business & Finance

Alleged tax evasion by firm making cosmetic products being probed

ISLAMABAD: Directorate General of Intelligence and Investigation Inland Revenue (DGIIIR) is investigating a case of...

Published 11 Nov, 2022 07:03am

Business & Finance

Entire appellate system of FBR requires automation: experts

ISLAMABAD: The Federal Board of Revenue (FBR) requires automation of the whole appellate system starting from the...

Published 11 Nov, 2022 05:54am

Editorials

AGP report on FBR

EDITORIAL: Auditor General of Pakistan (AGP) report on the performance of the Federal Board of Revenue (FBR) field...

Published 08 Nov, 2022 05:56am

Business & Finance

Pharmaceutical industry meets 95pc of country’s needs: PPMA

LAHORE: The Pakistan pharmaceutical industry currently meets 95% of the country’s medicine requirements, country...

Published 08 Nov, 2022 05:56am

RON 95 and above: ECC hikes PL from Rs20 to Rs50 per litre

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved an increase in petroleum levy (PL)...

Updated 05 Nov, 2022 11:40am

GST on petroleum products likely in second half of Nov

ISLAMABAD: Federal government is likely to impose general sale tax (GST) on petroleum products in the second half of...

Updated 02 Nov, 2022 04:48pm

Sales tax harmonization: Centre, provinces agree on key definitions

ISLAMABAD: In a positive development, the Federation and provincial revenue authorities/ boards, Tuesday, developed...

Updated 02 Nov, 2022 09:47am

Business & Finance

Capacity charge/purchase price: PMLTC seeks exemption from sales tax

ISLAMABAD: Pak-Matiari-Lahore Transmission Company Limited (PMLTC) has sought exemption from chargeability of sales...

Published 01 Nov, 2022 05:55am

Japan International Cooperation Agency: FBR exempts tax on supply of goods, service

ISLAMABAD: The Federal Board of Revenue (FBR) has exempted sales tax on supply of goods and service provided to ...

Updated 27 Oct, 2022 09:46am

Pakistan

60 cartons of cigarettes seized in raid on Jhelum godown

ISLAMABAD: Upon receipt of credible information, the Inland Revenue Enforcement Network (IREN) Squad of Regional Tax...

Published 26 Oct, 2022 05:52am

Business & Finance

FBR fails to detect Rs2.6bn wrong input tax adjustments

ISLAMABAD: The IT system of the Federal Board of Revenue (FBR) has failed to detect wrong input tax adjustments of...

Published 26 Oct, 2022 05:52am

Business & Finance

AGP unearths malfeasance worth Rs418.436bn by FBR field formations

ISLAMABAD: The Auditor General of Pakistan (AGP) has unearthed irregularities to the tune of Rs418.436 billion...

Published 12 Oct, 2022 05:46am

High net-worth individuals: FBR issues over 1m notices

ISLAMABAD: The Federal Board of Revenue (FBR) has issued over one million notices to income tax and sales tax...

Updated 09 Oct, 2022 09:55am

POS integration mandatory by 10th: FBR notifies list of 85 unregistered retailers

ISLAMABAD: The Federal Board of Revenue (FBR) has notified a list of 85 unregistered retailers (Tier-1), who are...

Updated 08 Oct, 2022 09:56am

Ministry warns FBR: Poultry/dairy products at risk of global exclusion

ISLAMABAD: The Ministry of National Food Security has warned the Federal Board of Revenue (FBR) that the heavy...

Updated 06 Oct, 2022 10:01am

Business & Finance

FY22 IT refund payments plunge 40.6pc to 54.22bn YoY

ISLAMABAD: The Federal Board of Revenue (FBR) paid income tax refunds of Rs54.221 billion during 2021-22 against...

Published 04 Oct, 2022 06:48am

Editorials

The nation’s economy not out of the woods yet

EDITORIAL: Macroeconomic data released by various government agencies, including the Finance Division and the...

Published 04 Oct, 2022 05:55am

FY22 domestic consumption of POL products: Sales tax collection declines 54.4pc to Rs107bn YoY

Major chunk of around 44 percent of sales tax domestic collection comes from ten sectors including petroleum products, electricity, sugar, cement, natural gas

Updated 03 Oct, 2022 09:59am

Business & Finance

Number of products: Documented steel sector will claim input tax adjustment

ISLAMABAD: The Federal Board of Revenue (FBR) will allow the documented steel sector to claim input tax adjustment ...

Published 01 Oct, 2022 04:20am

Business & Finance

Dar takes stock of tax revenue situation

ISLAMABAD: The Federal Board of Revenue (FBR) has committed to Finance Minister Ishaq Dar to achieve the quarterly...

Updated 30 Sep, 2022 09:38am

Pakistan

KP’s revenue body organises workshop for withholding agents

PESHAWAR: In an effort to enhance the capacity of withholding agents, the Khyber Pakhtunkhwa Revenue Authority ...

Published 19 Sep, 2022 05:45am

Business & Finance

POS prize scheme: FBR holds ninth computerised ballot

ISLAMABAD: Building further on its monthly tradition, the Federal Board of Revenue (FBR) held its ninth computerised...

Published 16 Sep, 2022 06:04am

Opinion

Export growth won’t be easy from now on

Ever since the rupee-dollar parity was allowed to be determined by market forces the Rupee depreciated dramatically...

Published 14 Sep, 2022 04:45am

Schemes covering duty, tax remission: FBR unveils list of 854 active manufacturers

ISLAMABAD: The Federal Board of Revenue (FBR) has issued a list of 854 active manufacturers under various export...

Updated 14 Sep, 2022 09:31am

Business & Finance

POS system integration a must by 10th: FBR notifies list of 81 unregistered retailers

ISLAMABAD: The Federal Board of Revenue (FBR) has notified a list of 81 unregistered retailers (Tier-1), who are...

Published 09 Sep, 2022 06:48am

Business & Finance

Flood-relief goods: FBR clarifies GST exemption

ISLAMABAD: The total supply of flood-related goods - imported and locally supplied/sold - is exempt from payment of...

Published 07 Sep, 2022 04:13am

Business & Finance

Supply of verified flood-related goods exempted from whole of sales tax, clarifies FBR

Says both imported and locally supplied/sold is exempt from the whole of sales tax if the supply is verified by NDMA or PDMA, and that this exemption is available for a period of 90 days with effect from August 30, 2022

Published 06 Sep, 2022 06:58pm

Editorials

Govt’s sardonic motto: ‘live within means’

EDITORIAL: Finance Minister Miftah Ismail while addressing an event organised by the Institute of Business...

Published 06 Sep, 2022 04:08am

Business & Finance

Punjab govt records 33pc growth in sales tax on services during August

LAHORE: The Punjab government has collected Rs13.45 billion on account of sales tax on services during August 2022 ...

Published 03 Sep, 2022 04:25am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 23	278.40
USD PKR Interbank Buying / Apr 23	278.10
USD to Japanese Yen / Apr 23	154.85
USD to Swiss Franc / Apr 23	0.91
Pound Sterling to USD / Apr 23	1.24
Euro to USD / Apr 23	1.07

Stock	Volume
S&P 500 / Apr 22	5010.60
Nasdaq / Apr 22	15451.31
Dow Jones / Apr 22	38239.98
India Sensex / Apr 23	73884.02
Tokyo Nikkei / Apr 23	37552.16
Hang Seng / Apr 23	16828.93
FTSE 100 / Apr 23	8045.70
Germany DAX 30 / Apr 23	17967.18

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 19	21035
Gold 10 Grams PKR / Apr 22	213220
Petrol/Litre / Apr 23	293.94
Crude Oil USD/Barrel / Apr 23	82.41
Gold Spot USD/Ounce / Apr 23	2301.86
Diesel/Litre / Apr 23	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 23 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 23 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 23 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 23 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 23 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 23 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 23 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 23 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 23 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 23 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 23 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 23 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 23 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 23 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 23 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 23 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 23 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 23 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 23 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 23 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 23 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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