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Sales Tax

PRA enforces e-invoice monitoring system in restaurants

LAHORE: The Punjab Revenue Authority (PRA) has decided to ensure the installation of Electronic Invoice Monitoring...

Published 11 Jun, 2024 03:17am

Business & Finance

LCCI members urged to submit pending sales tax returns, WWF payments

LAHORE: President of the Lahore Chamber of Commerce & Industry (LCCI), Kashif Anwar, in a meeting with Focal...

Published 08 Jun, 2024 07:00am

WHT on cash withdrawals: PM rejects another key revenue step of FBR

ISLAMABAD: Prime Minister Shehbaz Sharif has rejected another key revenue measure of the Federal Board of Revenue...

Updated 07 Jun, 2024 12:54pm

Import concessions: FBR unveils updated list of 222 locally-made goods

ISLAMABAD: The Federal Board of Revenue (FBR) Thursday issued an updated list of 222 locally-manufactured goods for...

Updated 07 Jun, 2024 08:42am

Pakistan

DG of I&I-IR, Hyderabad and Karachi busts network of tax fraudsters

HYDERABAD: As part of the national drive against tax crimes/frauds by the FBR, the Directorate General of...

Published 05 Jun, 2024 07:47am

Lack of coordination between depts: FBR’s efforts aimed at broadening tax base hit a snag

KARACHI: The Federal Board of Revenue’s efforts to broaden the tax base have hit a snag due to a lack of...

Updated 05 Jun, 2024 09:35am

‘Carbon Tax’ on POL products: PM rejects major FBR budgetary proposals

ISLAMABAD: Prime Minister Shehbaz Sharif has rejected two major budgetary proposals of the Federal Board of Revenue...

Updated 25 May, 2024 08:27pm

Many zero-rated items: FBR proposes standard rate of 18pc sales tax

ISLAMABAD: The Federal Board of Revenue (FBR) has proposed a standard rate of 18 percent sales tax on a wide range...

Updated 24 May, 2024 11:29pm

Business & Finance

Budget proposals: OICCI for standardising GST rates and policies

KARACHI: The Overseas Investors Chamber of Commerce and Industry (OICCI) in its taxation proposals for the upcoming...

Updated 23 May, 2024 09:19am

Business & Finance

Services on income: ‘Provincial tax authorities competent to impose ST’

LAHORE: Provincial revenue authorities are competent to impose sales tax on services on income arising from listing...

Published 23 May, 2024 05:16am

Business & Finance

Hike in FED, GST on tobacco in budget: Shehla urges MPs, stakeholders to join efforts

ISLAMABAD: Member National Assembly Shehla Raza Friday asked the parliamentarians and stakeholders to join efforts...

Published 18 May, 2024 05:45am

Business & Finance

AG KP agrees to withhold ST on services from bills

PESHAWAR: Director General KPRA held a meeting with Accountant General Khyber Pakhtunkhwa to discuss issues relating...

Published 17 May, 2024 05:50am

Juices, cigarettes prime focus: Govt plans to rationalise FED regime in budget

ISLAMABAD: The government is planning to rationalise Federal Excise Duty (FED) regime in the coming budget with...

Updated 16 May, 2024 09:26am

Sales tax on tractors, pesticides likely

ISLAMABAD: The federal government is likely to impose sales tax on tractors as well as pesticides during the...

Updated 10 May, 2024 08:57am

Sales tax fraud and fake invoices: Aurangzeb directs FBR to detect cases

ISLAMABAD: Finance Minister Muhammad Aurangzeb has directed the Federal Board of Revenue (FBR) to detect cases of...

Updated 10 May, 2024 09:02am

Editorials

Tax targets for FY25

EDITORIAL: The first quarterly review report on the recently concluded Stand-By Arrangement (SBA) available on the...

Published 08 May, 2024 06:43am

Attachment of bank accounts of taxpayers: FBR orders sales tax/FED recovery only after approval by field committees

ISLAMABAD: The Federal Board of Revenue (FBR) has directed Inland Revenue (IR) field formations to recover sales...

Updated 08 May, 2024 08:51am

ST registered persons: FBR modifies requirement of filing balance sheet

ISLAMABAD: The Federal Board of Revenue (FBR), Tuesday, modified a controversial requirement for filing balance...

Updated 08 May, 2024 09:17am

Fast-track solar PV projects by Arab countries: FBR asked to amend sales tax, income tax laws

The government is actively working towards the development of solar PV projects utilizing the G2G mode

Updated 06 May, 2024 09:25am

Opinion

Powering Pakistan: Transforming energy distribution for economic prosperity

In Pakistan, the energy sector stands as both a pillar of progress and a stumbling block to prosperity. At the heart...

Published 20 Apr, 2024 04:18am

Govt apprises NA about its approach to prices of POL products

ISLAMABAD: The National Assembly was informed on Friday that despite increasing the prices of petroleum products for...

Updated 20 Apr, 2024 02:07pm

Those already registered with sales tax department: Balance sheet filing requirement relaxed

Federal Board of Revenue implements stringent conditions for new sales tax registration

Updated 20 Apr, 2024 05:38pm

Business & Finance

FBR revises upward value of supply of CNG to consumers

ISLAMABAD: The Federal Board of Revenue (FBR) has upward revised the value of supply of the compressed natural gas...

Published 19 Apr, 2024 05:07am

Business & Finance

Delay in sales tax payments: Fibres’ manufacturer fails to furnish explanation

LAHORE: A fibres manufacturer has failed to furnish plausible explanation for sales tax payments while agitating ...

Published 16 Apr, 2024 03:38am

Business & Finance

FBR extends deadline for ST, excise return filing

ISLAMABAD: The Federal Board of Revenue (FBR) has extended the last date for filing of Sales Tax and Federal Excise...

Published 16 Apr, 2024 03:38am

Steel melters send ‘SOS’ to Discos, FBR

LAHORE: The Pakistan Steel Melters Association has sent a SOS signal to DISCOs and FBR as documented steel melters...

Updated 10 Apr, 2024 09:49am

Business & Finance

SRO 350/(I)/2024: PTBA says concerned at non-consideration of ‘fundamentals’

KARACHI: Pakistan Tax Bar Association (PTBA) has expressed its concern over non-consideration of fundamentals in the...

Published 07 Apr, 2024 03:01am

Business & Finance

Finance Bill 2024: major changes likely in IR Statutes

ISLAMABAD: The Finance Bill 2024 will issue major changes in Inland Revenue Statutes for Harmonization and...

Updated 06 Apr, 2024 08:47am

Editorials

The quest for higher economic growth

EDITORIAL: Pakistan’s economy badly needs reforms beyond just securing the IMF (International Monetary Fund)...

Published 05 Apr, 2024 04:50am

Business & Finance

Cigarettes: Aurat Foundation proposes 26pc hike in FED

ISLAMABAD: Aurat Foundation Thursday proposed the budget makers to raise Federal Excise Duty (FED) on cigarettes by...

Published 05 Apr, 2024 04:50am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 11	278.63
USD PKR Interbank Buying / Jun 11	278.33
USD to Japanese Yen / Jun 11	157.15
USD to Swiss Franc / Jun 11	0.90
Pound Sterling to USD / Jun 11	1.27
Euro to USD / Jun 11	1.07

Stock	Volume
S&P 500 / Jun 11	5375.32
India Sensex / Jun 11	76456.59
Tokyo Nikkei / Jun 11	38845.82
Nasdaq / Jun 11	17343.55
Hang Seng / Jun 11	17855.16
FTSE 100 / Jun 11	8147.81
Dow Jones / Jun 11	38747.42
Germany DAX 30 / Jun 11	18369.94

Item	Value
Crude Oil USD/Barrel / Jun 11	78.28
Karachi Cotton PKR/37.32 KG / Jun 11	19935
Gold 10 Grams PKR / Jun 11	206876
Gold Spot USD/Ounce / Jun 11	2313.09
Cotton US¢/pound / Jun 11	72.32
Petrol/Litre / Jun 12	268.36

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 12 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 12 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 12 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 12 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 12 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 12 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 12 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 12 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 12 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 12 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 12 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 12 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 12 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 12 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 12 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 12 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 12 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 12 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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

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