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Sales Tax

FBR set to achieve Rs6.1trn revised tax collection target

ISLAMABAD: The Federal Board of Revenue (FBR) is all set to achieve the upward revised target of Rs6,100 billion for...

Updated 29 Jun, 2022 09:41am

Business & Finance

Federal Capital: Majority of restaurants, eateries involved in ST evasion

ISLAMABAD: A majority of restaurants and eateries in the federal capital are involved in massive sales tax evasion...

Updated 28 Jun, 2022 02:13pm

Business & Finance

‘No electronic selection of tax cases for audit during FY2021-22 by FBR’

LAHORE: The Federal Board of Revenue (FBR) had not selected tax cases for audit electronically during the fiscal ...

Published 26 Jun, 2022 05:44am

Editorials

Rewriting the budget 2022-23

EDITORIAL: The International Monetary Fund (IMF) has uncharacteristically uploaded the following sentence on its...

Published 24 Jun, 2022 06:15am

Business & Finance

FPCCI voices concern over glaring anomaliesin budget

KARACHI: Shabbir Mansha, acting president FPCCI, has expressed his concern on the glaring anomalies in the federal...

Published 23 Jun, 2022 06:05am

Pakistan

IMF being lenient with current government: Shaukat Tarin

Former finance minister says global lender asked PTI to match policy rate with headline inflation instead of core inflation

Updated 22 Jun, 2022 06:28pm

Teaching hospitals: Miftah urged to rectify ‘anomaly’ in finance bill

ISLAMABAD: Hospitals have approached Finance Minister Miftah Ismail to rectify a major ‘anomaly’ in the Finance...

Updated 18 Jun, 2022 09:55am

Business & Finance

Drugs: manufacturers demand increase in MRP, abolition of sales tax

PESHAWAR: Local pharmaceutical manufacturers have expressed outcry over the non-increase in maximum retail prices...

Published 16 Jun, 2022 08:32am

Business & Finance

Punjab govt imposes no new tax under ST on services

LAHORE: No new tax has been imposed by the Punjab government under the sales tax on services for the fiscal year...

Published 16 Jun, 2022 07:10am

Supplies to unregistered persons: FBR defends waiver of CNIC condition

ISLAMABAD: The Federal Board of Revenue (FBR) Wednesday strongly defended the withdrawal of the condition to provide...

Updated 16 Jun, 2022 09:49am

Business & Finance

‘Issue of declaring production/transmission of electricity as ‘goods’ must be referred to CCI’

ISLAMABAD: The Senate Standing Committee on Finance has recommended that the issue of declaring...

Published 15 Jun, 2022 08:22am

Opinion

Outlook for inflation

The multilateral agencies, World Bank, and the IMF, have recently updated their projections of the rate of inflation...

Published 14 Jun, 2022 05:56am

Budget 2022-23

FED on cigarettes and air travel enhanced

ISLAMABAD: The Federal Board of Revenue (FBR) has raised the Federal Excise Duty (FED) on cigarettes and air travel...

Published 11 Jun, 2022 06:41am

Budget 2022-23

PHHSA lauds withdrawal of 17pc ST on seeds, agri machinery

LAHORE: Hybrid seed industry and growers’ organisations have welcomed the budget proposal of withdrawing the 17...

Published 11 Jun, 2022 06:40am

Business & Finance

Economic Survey: Indirect taxes account for 60pc of FBR’s total collection

ISLAMABAD: The indirect taxes (sales tax, customs duty, and Federal Excise Duty) contribution is over 60 percent of...

Published 10 Jun, 2022 06:16am

Business & Finance

Pharmaceutical sector: Govt considering removing distortion in ST regime

ISLAMABAD: The government is considering removing distortion in the sales tax regime for the pharmaceutical sector ...

Published 09 Jun, 2022 06:18am

Business & Finance

PM assures KCCI of resolving taxation, other issues

KARACHI: A high-level delegation of the Karachi Chamber of Commerce & Industry (KCCI) led by Chairman ...

Published 09 Jun, 2022 06:18am

Business & Finance

Import of raw materials: poultry sector urges govt to remove ST

LAHORE: Citing the losses poultry sector suffered during the last five years, the Pakistan Poultry Association has...

Published 07 Jun, 2022 07:34am

Pakistan

Steps taken by PTI govt need to be revisited, govt tells Senate

ISLAMABAD: The federal government informed the Senate on Thursday that the steps taken by the former government like...

Published 03 Jun, 2022 06:35am

Opinion

IMF programme interregnum

The meetings between the IMF staff and the government’s economic team came to an end in Doha on the 25th of May....

Published 31 May, 2022 05:11am

Sales tax on specified goods: FTO directs FBR to recover the amount evaded in last three years

ISLAMABAD: The Federal Tax Ombudsman (FTO), while deciding its own motion investigation has ordered the Federal...

Updated 31 May, 2022 10:11am

Editorials

The bitter pill at last

EDITORIAL: The decision of the government communicated through an unscheduled press conference by Finance Minister...

Published 30 May, 2022 05:53am

FTO declares Workers Welfare Fund a non-tax levy

ISLAMABAD: Federal Tax Ombudsman (FTO) has declared that the Workers Welfare Fund (WWF) is neither a tax covered...

Updated 28 May, 2022 10:23am

Profit-earning sectors: Some kind of time-bound levy may be imposed

ISLAMABAD: The government is planning to impose some kind of time-bound levy or additional income tax on the annual...

Updated 27 May, 2022 10:00am

Business & Finance

NTC meeting on ‘harmonisation of sales tax’ deferred

ISALAMABAD: The meeting of the National Tax Council (NTC) convened on harmonisation of sales tax between federal...

Published 27 May, 2022 05:50am

PM seeks plan aimed at boosting IT&T exports

ISLAMABAD: Prime Minister Shehbaz Sharif has directed Information Technology and Telecom Division to submit a plan ...

Updated 25 May, 2022 09:45am

Business & Finance

POS invoicing prize scheme: RTO’s IR inspector caught misusing authority

ISLAMABAD: An Inland Revenue inspector of the Regional Tax Office (RTO) Bahawalpur, deputed at a sweet shop to...

Published 24 May, 2022 05:35am

Business & Finance

GST refund to over 9000 cars’ buyers: FTO places comprehensive mechanism for FBR

ISLAMABAD: The Federal Tax Ombudsman (FTO) has placed a comprehensive mechanism for the Federal Board of Revenue...

Published 22 May, 2022 06:03am

Business & Finance

Faulty integration of Tier-1 retailers: FTO has received over 100 complaints against FBR

ISLAMABAD: The Federal Tax Ombudsman (FTO) has received over 100 individual complaints of the newly integrated ...

Published 19 May, 2022 05:29am

Opinion

Pakistan’s taxation regime discourages self-employment and small businesses

Pakistan’s tax policy discourages individuals from self-employment or running small businesses. While salaried...

Published 18 May, 2022 05:54am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 7	278.32
USD PKR Interbank Buying / May 7	278.12
USD to Japanese Yen / May 7	154.44
USD to Swiss Franc / May 7	0.91
Pound Sterling to USD / May 7	1.26
Euro to USD / May 7	1.08

Stock	Volume
S&P 500 / May 6	5180.74
Nasdaq / May 6	16349.25
Dow Jones / May 6	38852.27
India Sensex / May 7	73503.22
Tokyo Nikkei / May 7	38775.44
Hang Seng / May 7	18439.46
FTSE 100 / May 7	8295.53
Germany DAX 30 / May 7	18257.19

Item	Value
Crude Oil USD/Barrel / May 7	78.61
Karachi Cotton PKR/37.32 KG / May 7	19935
Gold 10 Grams PKR / May 7	205761
Gold Spot USD/Ounce / May 7	2322.69
Cotton US¢/pound / May 7	77.61
Petrol/Litre / May 8	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 8 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 8 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 8 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 8 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 8 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 8 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 8 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 8 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 8 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 8 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 8 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 8 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 8 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 8 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 8 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 8 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 8 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 8 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 8 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 8 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 8 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 8 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 8 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 8 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 8 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 8 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 8 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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