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Sales Tax

IMF big hurdle to sales tax cut: Dawood

Commerce adviser says Temporary Economic Refinance Facility of the SBP, which expired in March, will be restored for SMEs and other targeted sectors

Updated 31 Oct, 2021 01:32pm

ST on toll manufacturing to be collected

ISLAMABAD: The Federal Board of Revenue (FBR) has directed its field formations to start collecting sales tax on ...

Published 29 Oct, 2021 03:49am

Business & Finance

Rs50bn tax revenue collected through e-Pay Punjab

LAHORE: Through the online payment solution e-Pay Punjab, the Punjab Finance Department has collected Rs 50 billion...

Published 27 Oct, 2021 04:50am

Withdrawal of Rs330bn GST exemptions: FBR awaiting MoF’s nod to send draft Ord to Law Division

ISLAMABAD: The Federal Board of Revenue (FBR) is waiting for the Finance Ministry’s nod to send the draft of the...

Updated 23 Oct, 2021 09:30am

Business & Finance

Value of production/total output: CMI 2015-16 up by 244.76pc over CMI 2005-06: PBS

ISLAMABAD: The Production Value Census of Manufacturing Industries (PVCMI) 2015-16 shows value of production/total...

Published 22 Oct, 2021 04:13am

Editorials

Sales tax exemptions

EDITORIAL: According to news reports, a presidential ordinance to withdraw sales tax exemptions, zero rating and...

Published 21 Oct, 2021 04:38am

Editorials

The inflation challenge

EDITORIAL: Raising prices of POL products by 11 percent effective 15 October has staggered a populace already ...

Updated 21 Oct, 2021 09:47am

GST on TDS: Power Division seeks legal opinion

Move comes as FBR is unwilling to back out from recovery of GST on subsidies

Updated 17 Oct, 2021 11:25am

Rs330bn sales tax exemptions: Presidential Ordinance on the cards

ISLAMABAD: A presidential ordinance is on the cards to withdraw sales tax exemptions, zero-rating, and reduced sales...

Published 14 Oct, 2021 03:08am

Income, ST refunds: OICCI decries FBR's 'double standard'

ISLAMABAD: The Overseas Investors Chamber of Commerce and Industry (OICCI) has accused the Federal Board of Revenue...

Updated 10 Oct, 2021 11:27am

Business

ST payers: FBR asks taxmen to issue bar-coded notices only

ISLAMABAD: The Federal Board of Revenue (FBR) has asked the field formations to only issue bar-coded notices to the...

Published 08 Oct, 2021 04:30am

Audit through parametric computer ballot: FBR approves new policy for case selection

Certain cases may be outsourced to the third party for audit purposes

Updated 03 Oct, 2021 11:15am

Opinion

FBR & tax appellate system

The Federal Board of Revenue (FBR) is allegedly interfering in the quasi-judicial functions of Commissioners of...

Published 01 Oct, 2021 04:07am

Traders' community divided over FBR-MTTP deal: APAT decides to hold protest outside FBR HQs

ISLAMABAD: The agreement of the Federal Board of Revenue (FBR) with Markazi Tanzeem Tajiran Pakistan on the Tax Laws...

Updated 27 Sep, 2021 09:49am

FBR lifts GST on import of fresh fruits from Afghanistan

ISLAMABAD: The Federal Board of Revenue (FBR) Saturday lifted sales tax on the import of fresh fruits from...

Updated 26 Sep, 2021 12:13pm

Business & Finance

Smooth, easy flow of bilateral trade: FBR Chairman, Customs officials visit Torkham Border

ISLAMABAD: Chairman Federal Board of Revenue Dr Muhammad Ashfaq Ahmad accompanied by Member (Customs Operations) and...

Published 26 Sep, 2021 03:23am

Opinion

National Tax Academy—II

In the light of what was discussed in the first part, Case for All-Pakistan Unified Tax Service: PTI & ...

Published 24 Sep, 2021 04:40am

Business & Finance

Tax Laws (Third Amendment) Ordinance, 2021

Within third month of passage of Finance Act, 2021, the Government felt the need of introducing amendments in the Tax Laws. These amendments are primarily directed towards broadening of tax base besides providing concessions to certain sectors

Published 22 Sep, 2021 03:48am

Business & Finance

An Ordinance

Annex - IV further to amend certain tax laws WHEREAS, it is expedient further to amend certain tax laws for the...

Published 20 Sep, 2021 05:23am

Tax Laws (Third Amendment) Ordinance, 2021: 7 new measures introduced to broaden tax base

ISLAMABAD: The government has introduced seven new measures for broadening the tax base through the Tax Laws (Third...

Published 18 Sep, 2021 06:12am

GST on toll manufacturing: MoF, FBR and PRAs reach consensus

Federal Minister for Finance Shaukat Tarin presides over a meeting of National Tax Council

Updated 17 Sep, 2021 09:49am

Pakistan

Dual modules of FBR create problems for taxpayers

KARACHI: Federal Board of Revenue (FBR) has started issuing audit and late-filing notices, creating serious...

Updated 16 Sep, 2021 12:11pm

Pakistan

Rs40bn dues collected through e-payment system in Punjab: CM

LAHORE: Terming the ease of doing business and creation of job opportunities as the topmost priorities of the...

Published 15 Sep, 2021 04:20am

Principal amount of sales tax: IR officers cannot impose penalty, levy surcharge

ISLAMABAD: The Inland Revenue officers of the Federal Board of Revenue (FBR) cannot levy penalty and default...

Updated 13 Sep, 2021 10:24am

Business & Finance

Steps aimed at reducing steel prices under study, Senate panel told

ISLAMABAD: The government is considering removal of duties on iron scrap, reducing sales tax up to 14 percent as ...

Published 10 Sep, 2021 04:41am

Importers: FBR relaxes conditions for acquiring 'UUIs'

Personal appearance and submission of original CNIC shall not be required under the new rules

Updated 07 Sep, 2021 09:49am

Big retailers must get integrated by 15th: FBR

Board warns identified Tier-1 Retailers would be denied credit for input tax equal to 60% claimed in sales tax return for August 2021

Updated 07 Sep, 2021 11:22am

Tier-1 retailers’ invoices: FBR specifies utilisation of Re1 service charge

Says it is being insinuated as if the rate of the service charge is one percent instead of Re1 per invoice

Updated 05 Sep, 2021 10:34am

Business

Punjab collects highest-ever ST on services in Aug

LAHORE: Punjab has collected highest-ever sales tax on services during the month of August comparing to the...

Published 04 Sep, 2021 06:04am

Business

Issuance of certificates to steel units: FBR to take action against senior tax officials

ISLAMABAD: The Federal Board of Revenue (FBR) will take strict action against senior tax officials involved in...

Published 03 Sep, 2021 04:58am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	278.52
USD PKR Interbank Buying / Apr 25	278.32
USD to Japanese Yen / Apr 25	155.60
USD to Swiss Franc / Apr 25	0.91
Pound Sterling to USD / Apr 25	1.25
Euro to USD / Apr 25	1.07

Stock	Volume
S&P 500 / Apr 24	5070.63
Nasdaq / Apr 24	15712.75
Dow Jones / Apr 24	38460.92
India Sensex / Apr 25	73780.80
Tokyo Nikkei / Apr 25	37628.48
Hang Seng / Apr 25	17264.90
FTSE 100 / Apr 25	8077.84
Germany DAX 30 / Apr 25	17994.97

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Petrol/Litre / Apr 25	293.94
Crude Oil USD/Barrel / Apr 25	83.02
Gold Spot USD/Ounce / Apr 25	2325.45
Diesel/Litre / Apr 25	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 25 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 25 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 25 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 25 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 25 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 25 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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