Trends - Sales Tax - Business Recorder

Sales Tax

Towel exporters demand payment of sales tax refunds

KARACHI: Syed Usman Ali, the Senior Vice Chairman of the Towel Manufacturers Association of Pakistan, has voiced...

Updated 25 Oct, 2023 08:47am

Telecom sector: FBR to implement single portal for ST return filing

ISLAMABAD: The Federal Board of Revenue (FBR) will implement a single portal for filing of single sales tax returns...

Updated 22 Oct, 2023 05:47pm

Restriction imposed by FBR: Traders facing issues while filing sales tax returns

ISLAMABAD: The importers and traders are facing serious technical problems in filing of sales tax returns due to...

Updated 21 Oct, 2023 09:47am

Pakistan

PRA attaches bank account of TikTok star

LAHORE: The Punjab Revenue Authority (PRA) has attached the bank account of Dolly’s beauty salon in the area of...

Published 18 Oct, 2023 06:09am

I&I-IR detects illegal adjustments of Rs70bn input tax

ISLAMABAD: The Directorate General Intelligence and Investigation Inland Revenue (I&I-IR)’s national...

Updated 15 Oct, 2023 09:37am

‘Illicit cigarettes to inflict Rs300bn annual loss on kitty’

ISLAMABAD: The documented tobacco industry has estimated to pay Rs242 billion federal excise duty/sales tax in the...

Updated 13 Oct, 2023 08:46am

New circular of FBR raises eyebrows

KARACHI: Karachi Tax Bar Association (KTBA) has raised concerns about a new circular introduced by the Federal Board...

Updated 12 Oct, 2023 08:42am

Business & Finance

Deceased taxpayers: FBR issues SOP for deregistration of NTNs, STRNs

ISLAMABAD: The Federal Board of Revenue (FBR) has issued a Standard Operating Procedure (SOP) for deregistration of...

Published 12 Oct, 2023 05:57am

Business & Finance

APTMA seeks ‘competitive’ electricity tariff

ISLAMABAD: All Pakistan Textile Mills Association (APTMA) has sought electricity tariff competitive with regional...

Updated 10 Oct, 2023 08:47am

Business & Finance

Collection of sales info at business points: Punjab govt introduces latest technique of video vigilance

LAHORE: Punjab government has introduced latest technique of video vigilance to collect sales information at ...

Published 07 Oct, 2023 06:01am

Business & Finance

‘Customs denying exemption to importers of HEVs’

LAHORE: Customs authorities are allegedly denying exemption to the importers of Hybrid Electric Vehicles (HEVs) ...

Published 04 Oct, 2023 06:20am

Business & Finance

Insurance industry paid Rs34.3bn against taxes, duties in 2022

ISLAMABAD: The insurance industry has paid taxes/duties of Rs34.3 billion to the exchequer during 2022 including...

Updated 03 Oct, 2023 08:43am

Pakistan

Two accused held under Section 37A of ST Act 1990

ISLAMABAD: In an effort to curb the menace of fake and flying invoices, Directorate of Inland Revenue Intelligence...

Published 29 Sep, 2023 06:24am

Identifying new taxpayers: Shamshad seeks data of electricity users

ISLAMABAD: The caretaker Minister for Finance and Revenue, Dr Shamshad Akhtar, has sought updated data of...

Updated 25 Sep, 2023 09:31am

‘Transactions’ through fake firm: FBR unearths massive Rs214.8bn sales tax fraud

KARACHI: Directorate of Internal Audit IR, Karachi has unearthed a massive sales tax fraud perpetrated by a...

Updated 24 Sep, 2023 09:16am

GST evaded through flying invoices estimated at Rs5-6trn

Use of fake/flying invoices to commit sales tax fraud increases after facilitation, automation and easy ways to get sales tax registrations

Updated 22 Sep, 2023 10:00am

Editorials

Inflation will remain a challenge

EDITORIAL: The sensitive price index (SPI), computing the prices of 51 essential items from 50 markets in 17 cities,...

Published 13 Sep, 2023 06:17am

Documentation requirements: Paperless environment not possible: FBR

ISLAMABAD: The Federal Board of Revenue (FBR) has said that a completely paperless environment for taxpayers is not...

Updated 13 Sep, 2023 08:55am

Domestic collection improvement: FBR presents strategy to Shamshad

ISLAMABAD: The Federal Board of Revenue (FBR), Tuesday, presented a plan before the Ministry of Finance to improve...

Updated 13 Sep, 2023 08:53am

Opinion

Tax expenditure as subsidy to elites: myth or reality?

In the last ten or so years, economic issues and tax collection by FBR has been brought increasingly under focus....

Published 12 Sep, 2023 06:51am

Opinion

Sales tax blues

Given rampant sales tax evasion and slowdown in consumer demand, the government is highly unlikely to meet its...

Published 11 Sep, 2023 06:32am

Four held as IR Intelligence busts ‘fake sales tax invoice mafia’

ISLAMABAD: Inland Revenue Intelligence Directorate Karachi has busted an inter-province gang of fake/ flying sales...

Updated 11 Sep, 2023 08:39am

Fake/flying invoices: Taxmen told to conduct probe into cases of big cos

ISLAMABAD: The Federal Board of Revenue (FBR) has directed the tax officials to investigate cases of commercial...

Updated 09 Sep, 2023 09:01am

Business & Finance

PIDE conference ‘Govt relies heavily on indirect taxes resulting in overwhelming collective revenues’

ISLAMABAD: Economists at a roundtable conference organised by the Pakistan Institute of Development Economics (PIDE)...

Published 08 Sep, 2023 06:01am

Business & Finance

Textile export boost key to economic revival: TMA

KARACHI: Syed Usman Ali, Senior Vice Chairman of the Towel Manufacturers Association of Pakistan has expressed...

Published 07 Sep, 2023 06:21am

Assigning assessment-related duties: FTO asks FBR to restrain IRS Audit Cadre officers

ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to bar the officers of...

Updated 05 Sep, 2023 09:09am

COAS explains to businesspeople SIFC potential

Emphasises Special Investment Facilitation Council's potential to attract substantial investments of up to 100 billion dollars from countries such as Saudi Arabia, UAE, Kuwait and others

Updated 04 Sep, 2023 11:39am

Sales tax law: FBR seeks to introduce concept of ‘Best judgment Assessment’

Business & Finance

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 18	278.62
USD PKR Interbank Buying / Apr 18	278.32
USD to Japanese Yen / Apr 18	154.61
USD to Swiss Franc / Apr 18	0.91
Pound Sterling to USD / Apr 18	1.24
Euro to USD / Apr 18	1.06

Stock	Volume
S&P 500 / Apr 18	5011.12
India Sensex / Apr 18	72488.99
Tokyo Nikkei / Apr 18	37716.66
Nasdaq / Apr 18	15601.50
Hang Seng / Apr 18	16385.87
FTSE 100 / Apr 18	7877.05
Dow Jones / Apr 18	37775.38
Germany DAX 30 / Apr 18	17837.40

Item	Value
Crude Oil USD/Barrel / Apr 18	82.64
Karachi Cotton PKR/37.32 KG / Apr 18	21735
Gold 10 Grams PKR / Apr 18	214077
Gold Spot USD/Ounce / Apr 18	2374.36
Cotton US¢/pound / Apr 18	80.61
Petrol/Litre / Apr 19	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 19 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 19 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 19 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 19 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 19 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 19 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 19 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 19 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 19 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 19 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 19 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 19 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 19 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 19 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 19 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 19 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 19 Telecard Limited(TELE)	12,358,668 ▲ 0.00

Markets →

Calculate your monthly liability in FY24

Sales Tax

Most Popular