Trends - Tier 1 retailers - Business Recorder

Tier 1 retailers

FBR suspends POS invoicing prize scheme

ISLAMABAD: The Federal Board of Revenue (FBR) has suspended the computerized ballot of its flagship initiative of...

Published 16 Nov, 2022 06:39am

Business & Finance

Big retailers’ integration with POS system: FBR favours more steps for increasing the number

ISLAMABAD: The Federal Board of Revenue (FBR) on Tuesday directed the chief commissioners of the Regional Tax ...

Published 21 Sep, 2022 05:57am

Business & Finance

T-1Rs integration with POS hamsturng by slow progress

LAHORE: The Regional Tax Office (RTO) is still in a slow mode so far as registration of Tier-1 Retailers (T-1Rs)...

Published 20 Aug, 2022 03:41am

Business & Finance

Fixed tax regime for furniture retailers on the cards

ISLAMABAD: The government would announce a fixed tax regime for the furniture retailers to pay sales tax on the ...

Published 20 Jul, 2022 05:48am

Business & Finance

RTO slows down registration of T-1Rs for POS after change of govt

LAHORE: The Regional Tax Office (RTO) has preferred to slowdown registration of Tier-1 Retailers (T-1Rs) under the...

Published 23 Apr, 2022 04:45am

Business & Finance

Budget 2022-23: Exclusion of furniture makers from category of Tier-I retailers recommended

ISLAMABAD: Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jah has recommended the Federal Board of Revenue (FBR) to...

Published 27 Mar, 2022 05:40am

Business & Finance

‘Wrong’ sales tax calculations: Top 10 retailers of branded garments approach PM

ISLAMABAD: Pakistan’s top 10 retailers of branded garments have approached Prime Minister Imran Khan against the...

Updated 19 Mar, 2022 09:55am

Pakistan

RTO achieves revenue target

LAHORE: Regional Tax Office (RTO) Lahore has collected Rs16.7 billion in February 2022 as compared to Rs10.6 billion...

Published 06 Mar, 2022 05:14am

Tier-1 retailers: FBR unveils procedure for outlet sealing, de-sealing

ISLAMABAD: The Federal Board of Revenue (FBR) will seal business premises of non-integrated Tier-1 retailers and big...

Updated 18 Feb, 2022 09:57am

Business & Finance

Integration with POS system: Tier-1 retailers issue 37m invoices in January

ISLAMABAD: As many as 37 million invoices were issued by Tier-1 retailers, which are integrated with the FBR POS...

Published 13 Feb, 2022 05:48am

Red chillies, iodised salt, bread, infant milk: 17pc sales tax on import, supply abolished

ISLAMABAD: The Federal Board of Revenue (FBR) has defined “digital means” in the Income Tax Ordinance, 2001 for...

Updated 14 Jan, 2022 10:51am

Business & Finance

RTO Lahore forms teams to record production/sales of T-1Rs

LAHORE: Chief Commissioner Regional Tax Office (RTO) Lahore Nasir Iqbal Khan has issued instructions for monitoring...

Published 28 Dec, 2021 03:54am

Business & Finance

CTO imposes penalty on 35 T-1Rs

LAHORE: The Corporate Tax Office (CTO) Lahore has imposed penalty of reducing adjustable input tax by 60% against 35...

Published 25 Dec, 2021 05:02am

Business & Finance

POS integration: FBR likely to protect taxpayers from harassment

LAHORE: The Federal Board of Revenue (FBR) has taken notice of harassing taxpayers under the Point of Sale (POS)...

Published 23 Dec, 2021 04:23am

Business & Finance

Re1 service charge on all invoices: FBR rebuts disinformation on social media

ISLAMABAD: Federal Board of Revenue (FBR) has strongly rebutted disinformation being spread on the social media...

Published 14 Dec, 2021 06:40am

Business & Finance

POS system: 100pc integration of major bakeries achieved

LAHORE: The Large Tax Office (LTO) Lahore has achieved 100 percent integration of major bakeries with Point of Sale...

Published 12 Dec, 2021 04:19am

Business & Finance

Customers of Tier-1 retailers: FBR to hold first draw of prize scheme on Jan 15

ISLAMABAD: The Federal Board of Revenue (FBR) will hold the first draw of the prize scheme for the lucky...

Published 11 Dec, 2021 04:12am

Business & Finance

Curbing GST evasion: FBR to outline ‘guide techniques’ for IROs

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to outline guide techniques for Inland Revenue Officers ...

Published 08 Dec, 2021 06:22am

FBR asks big retailers to integrate with PoS system by 10th

ISLAMABAD: The Federal Board of Revenue (FBR) has directed 482 identified Tier-I Retailers (big retailers) to...

Updated 04 Dec, 2021 10:10am

Business & Finance

Tier-1 retailers: Abolishment of reduced ST likely to halt ongoing process of PoS integration

LAHORE: Abolishment of the reduced sales tax for ‘Tier-1’ retailers of the organized retail sector under ongoing...

Published 30 Nov, 2021 05:23am

Business & Finance

Tier-1 retailers: Prize scheme draw for customers likely next month

ISLAMABAD: The computerised draw for the prizes of customers of integrated Tier-1 retailers is expected to be held ...

Published 25 Nov, 2021 03:53am

Pakistan

Invoices in bulk: Reconciliation: Tier-1 retailers complain about POS system

LAHORE: The tier-1 retailers have complained against the Point of Sale (POS) system for not allowing reconciliation...

Published 18 Nov, 2021 03:58am

Business & Finance

'FBR has targeted 500,000 retailers to boost revenue'

LAHORE: Around 500,000 countrywide retailers with a tax potential of about Rs 1,500 billion are the target of ...

Published 07 Nov, 2021 05:39am

POS integration: List of 608 Tier-1 retailers unveiled

ISLAMABAD: The Federal Board of Revenue (FBR) has issued a list of 608 big retailers (Tier-1), which are required to...

Updated 07 Nov, 2021 02:47pm

Retail outlets: FBR required to check authenticity of PoS software

ISLAMABAD: The Federal Board of Revenue (FBR) is required to check the authenticity of the point of sale (PoS)...

Updated 05 Nov, 2021 09:54am

Pakistan

Integration with POS system: Notices issued to 200 Tier-1 retailers

LAHORE: Compliance notices have been served on 200 retail outlets of leather, sports and textile goods, falling ...

Updated 12 Oct, 2021 10:46am

1,136 big retailers required to be integrated with POS system by 10th

ISLAMABAD: The Federal Board of Revenue (FBR) has issued a list of 1,136 big retailers (Tier-1), which are required...

Updated 06 Oct, 2021 09:46am

Business

STGO for Tier-1 Retailers: KTBA terms inclusion of small traders ‘unjustified’

KARACHI: Karachi Tax Bar Association (KTBA) has termed the inclusion of small traders in the Sales Tax General Order...

Published 03 Oct, 2021 04:16am

Editorials

FBR: Don’t use shortcuts

EDITORIAL: Fears of the business community that the Federal Board of Revenue (FBR) would ask them questions relating...

Published 01 Oct, 2021 04:07am

Business & Finance

Point of sales systems: Businesspeople seek 'amnesty scheme' for Tier-1 retailers

KARACHI: The business community has urged the Federal Board of Revenue (FBR) to introduce an amnesty scheme for...

Published 29 Sep, 2021 03:59am

Gainers
Losers
Leaders

Stock	Price
Pervez Ahmed Co / Feb 7 Pervez Ahmed Consultancy Services Ltd.(PASL)	0.82 ▲ 0.16 (24.24%)
HBL Invest Fund / Feb 7 HBL Investment Fund(HIFA)	1.99 ▲ 0.34 (20.61%)
Oilboy Energy / Feb 7 Oilboy Energy Limited(OBOY)	7 ▲ 1.00 (16.67%)
Pak Gen.Ins. / Feb 7 The Pakistan General Insurance Co. Ltd.(PKGI)	5.65 ▲ 0.67 (13.45%)
P.I.A.C.(A) / Feb 7 Pakistan International Airlines Corp(PIAA)	4.10 ▲ 0.36 (9.63%)
Sui South Gas / Feb 7 Sui Southern Gas Company Limited(SSGC)	11.44 ▲ 0.99 (9.47%)
MetaTech. / Feb 7 MetaTech Health Limited(META)	7.14 ▲ 0.60 (9.17%)
Orient Rental / Feb 7 Orient Rental Mod(ORM)	6.55 ▲ 0.50 (8.26%)
Chashma / Feb 7 Chashma Sugar Mills Limited(CHAS)	64.68 ▲ 4.51 (7.50%)
Din Tex. / Feb 7 Din Textile Mills Limited(DINT)	102.63 ▲ 7.16 (7.50%)

Stock	Price
First Elite Cap.Mod / Feb 7 First Elite Capital Modaraba(FECM)	3 ▲ -0.32 (-9.64%)
Pak Gulf Leasing / Feb 7 Pak-Gulf Leasing Company Limited(PGLC)	6.03 ▲ -0.52 (-7.94%)
Shahtaj Sugar / Feb 7 Shahtaj Sugar Mills Limited(SHJS)	45.53 ▲ -3.69 (-7.50%)
AL-Noor Sugar / Feb 7 Al-Noor Sugar Mills Limited(ALNRS)	57.35 ▲ -4.64 (-7.49%)
Crescent Fib. / Feb 7 Crescent Fibres Limited(CFL)	52.73 ▲ -4.27 (-7.49%)
MCB-ARIF Habib / Feb 7 MCB-Arif Habib Savings and Invest(MCBAH)	21.97 ▲ -1.78 (-7.49%)
Sunrays Textile / Feb 7 Sunrays Textile Mills Limited(SUTM)	137.74 ▲ -11.16 (-7.49%)
Pak Leather / Feb 7 Pak Leather Crafts Limited(PAKL)	18.21 ▲ -1.47 (-7.47%)
Quetta Textile / Feb 7 Quetta Textile Mills Limited(QUET)	14.36 ▲ -1.16 (-7.47%)
Ellcot Spinning / Feb 7 Ellcot Spinning Mills Limited(ELSM)	121 ▲ -8.98 (-6.91%)

Stock	Volume
Pak Petroleum / Feb 7 Pakistan Petroleum Limited(PPL)	21,823,478 ▼ 5.59
Sui North Gas / Feb 7 Sui Northern Gas Pipelines Limited(SNGP)	13,436,569 ▼ 3.03
Oil & Gas Dev. / Feb 7 Oil & Gas Development Company Limited(OGDC)	10,544,849 ▼ 6.44
K-Electric Ltd. / Feb 7 K-Electric Limited(KEL)	8,976,715 ▼ 0.10
Hub Power Co. / Feb 7 The Hub Power Company Limited(HUBC)	7,912,174 ▼ 0.97
Sui South Gas / Feb 7 Sui Southern Gas Company Limited(SSGC)	7,743,500 ▼ 0.99
Cnergyico PK / Feb 7 Cnergyico PK Limited(CNERGY)	7,490,206 ▼ 0.06
WorldCall Telecom / Feb 7 Worldcall Telecom Limited(WTL)	5,875,506 ▼ 0.02
Dewan Motors / Feb 7 Dewan Farooque Motors Limited(DFML)	5,698,000 ▼ 0.17
P.T.C.L. / Feb 7 Pakistan Telecommunication Company Ltd(PTC)	5,530,500 ▼ 0.39

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 6	277.40
USD PKR Interbank Buying / Feb 6	275.40
USD to Japanese Yen / Feb 6	132.75
USD to Swiss Franc / Feb 6	0.93
Pound Sterling to USD / Feb 6	1.20
Euro to USD / Feb 6	1.07
UK LIBOR % / Feb 3	4.30

Stock	Volume
S&P 500 / Feb 6	4102.30
India Sensex / Feb 6	60506.90
Tokyo Nikkei / Feb 6	27693.65
Nasdaq / Feb 6	11876.41
Hang Seng / Feb 6	21349.17
FTSE 100 / Feb 6	7811.64
Dow Jones / Feb 6	33736.77
Germany DAX 30 / Feb 6	15308.79
France CAC40 / Feb 6	7110.62

Item	Value
Karachi Cotton PKR/37.32 KG / Feb 3	22235
Gold 10 Grams PKR / Feb 3	208500
Crude Oil USD/Barrel / Feb 6	72.87
Gold Spot USD/Ounce / Feb 6	1868.15
Cotton US¢/pound / Feb 6	84.80

Tier 1 retailers

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