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اردو

Jun 29, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Print Print 2024-06-27

FBR to impose sales tax on stationery items

Recorder Report Published June 27, 2024

ISLAMABAD: Despite announcement of withdrawal of sales tax on stationery items, the amended Finance Bill 2024 would impose sales tax on stationery items from July 1, 2024.

It was learnt late Wednesday night that Finance Minister Muhammad Aurangzeb, during winding up debate on budget for the next fiscal year in the National Assembly, announced that the sales tax exemptions for stationery items have been maintained.

Finance Bill: Senate sends 128 suggestions to NA

However, sources said that the FBR would impose sales tax on stationery items under the amended Finance Bill 2024.

The amendments in the Finance Bill 2024 would be announced today (Thursday).

Taxes finance minister FBR Sales Tax tax exemptions Muhammad Aurangzeb Finance Bill 2024 Budget 2024 25 Live budget 2024 2025 sales tax on stationery items

Comments

EQ Jun 27, 2024 11:41am

Whats the use of increasing / applying sales tax when the collection machinery doesn't work efficiently. This will only increase prices and the vendor will pocket the money.

Recommended (0) Reply

Retired Jun 27, 2024 04:21pm

What will 13% tax-to-GDP achieve? All monies will be spent on official tours, cars, free fuel and electricity and dinners. I'm appalled! They won't cut free fuel for bureaucrats but tax baby milk!!

Recommended (0) Reply

Tariq Qurashi Jun 28, 2024 11:39am

The government needs to cut its own expenditure and stop increasing taxes to fund loan payments and a bloated bureaucracy.

Recommended (0) Reply

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 28	278.45
USD PKR Interbank Buying / Jun 28	278.25
USD to Japanese Yen / Jun 28	160.88
USD to Swiss Franc / Jun 28	0.90
Pound Sterling to USD / Jun 28	1.26
Euro to USD / Jun 28	1.07

Stock	Volume
S&P 500 / Jun 28	5,460.48
India Sensex / Jun 28	79,032.73
Tokyo Nikkei / Jun 28	39,583.08
Nasdaq / Jun 28	17,732.60
Hang Seng / Jun 28	17,718.61
FTSE 100 / Jun 28	8,164.12
Dow Jones / Jun 28	39,118.86
Germany DAX 30 / Jun 28	18,235.45

Item	Value
Crude Oil USD/Barrel / Jun 28	81.54
Karachi Cotton PKR/37.32 KG / Jun 28	18,735
Gold 10 Grams PKR / Jun 28	207,219
Gold Spot USD/Ounce / Jun 28	2,326.75
Cotton US¢/pound / Jun 28	72.69
Petrol/Litre / Jun 29	258.16

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 29 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 29 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 29 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 29 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 29 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 29 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 29 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 29 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 29 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 29 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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