Trends - GST - Business Recorder

GST

Held-up GST returns: FTO bars FBR from imposing penalties on registered persons

ISLAMABAD: In a major development, the Federal Tax Ombudsman (FTO) has barred Federal Board of Revenue (FBR) from...

Updated 2 days ago

Business & Finance

Registered persons: FBR tightens GST documentation rules

ISLAMABAD: The Federal Board of Revenue (FBR) Wednesday further enhanced sales tax documentation requirements for ...

Published 10 Apr, 2025 03:14am

Budget 2025-26

FY26 Budget proposals: Businesses urge govt to gradually reduce GST rate

Pakistan Business Council recommends reduction in withholding taxes for exporters to minimise impact on cash flow of their business

Updated 25 Mar, 2025 09:30am

Business & Finance

Veg ghee mill: ATIR annuls Rs1.5bn GST demand by Peshawar RTO

ISLAMABAD: The Appellate Tribunal Inland Revenue (ATIR) has annulled sales tax demand amounting to Rs1.5 billion...

Published 23 Mar, 2025 05:26am

Business & Finance

PDA seeks reduction in hefty GST on dairy products

ISLAMABAD: The Pakistan Dairy Association (PDA) has urged the government to reduce general sales tax (GST) on dairy...

Published 20 Mar, 2025 07:21am

Opinion

Pakistan’s taxation trap: overburdening formal economy feeds the informal

Tax compliance in Pakistan has been dismal for decades, and every increase in tax rates or the imposition of new...

Published 17 Mar, 2025 06:37am

Business & Finance

GST rate on packaged milk to be revised, PDA told

ISLAMABAD: Minister for National Food Security and Research (MNFS&R) Rana Tanveer Hussain assured the Pakistan...

Published 07 Mar, 2025 05:45am

Removal of GST on POL products: Oil refineries seek minister’s intervention

ISLAMABAD: Pakistan’s oil refineries have called on Finance Minister Senator Muhammad Aurangzeb to urgently...

Updated 06 Mar, 2025 04:08pm

Rs312bn GST row: PAC refers audit paras back to FBR wing

ISLAMABAD: In an attempt to tighten the noose around the black sheep, the Public Accounts Committee (PAC) of...

Updated 06 Mar, 2025 02:47pm

Bun, rusk sales: FTO tells FBR to offer GST relief in budget

ISLAMABAD: The Federal Tax Ombudsman (FTO) has strongly recommended the Federal Board of Revenue (FBR) to consider...

Updated 27 Feb, 2025 09:24am

GST return: KTBA voices concern over missing key annexures

ISLAMABAD: Karachi Tax Bar Association (KTBA) Friday expressed serious concern over non-availability of key...

Updated 08 Feb, 2025 09:45am

Taxable products’ supply: GST-registered entities must file monthly stock returns: FBR

ISLAMABAD: The Federal Board of Revenue (FBR) has directed all sales tax registered commercial importers,...

Updated 25 Jan, 2025 08:54am

World

India’s tax panel rejects airlines’ call to add aviation fuel to GST regime

NEW DELHI: An Indian government panel has rejected an airline industry proposal for aviation fuel to be brought...

Published 21 Dec, 2024 09:41pm

Rs1.8m GST cuts on services: FBR and top CA firm at loggerheads

KARACHI: The Federal Board of Revenue (FBR) and a top Chartered Accountants (CA) firm are at loggerheads over Rs.1.8...

Updated 17 Dec, 2024 03:23pm

Licences will be revoked for delayed cane crushing, PSMA warned

ISLAMABAD: Federal Minister for Industries and Production, Rana Tanveer Hussain on Saturday made it crystal clear to...

Published 08 Dec, 2024 02:56am

Business & Finance

Govt tells World Bank: Agri tax legislation to be completed in next Jan

ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, Tuesday, apprised the World Bank ...

Published 27 Nov, 2024 06:44am

Business & Finance

Sugar mills: PM orders CCTV surveillance

ISLAMABAD: In an effort to crackdown on ‘sugar mafia’ ahead of the sugar crushing season, Prime Minister Shehbaz...

Published 20 Nov, 2024 06:45am

Editorials

Surcharge on fossil fuels

EDITORIAL: It’s been learnt that one of the key measures under consideration to increase the tax-to-GDP ratio, as...

Updated 17 Nov, 2024 06:07am

Opinion

Countering sales tax frauds

Globally, tax crimes have always been a significant threat to economic stability and governance. These offences that...

Updated 15 Nov, 2024 08:11am

PSMA seeks nod to export more sugar

ISLAMABAD: The Pakistan Sugar Mills Association (PSMA) has sought government’s permission to export more sugar,...

Updated 08 Nov, 2024 09:53am

Incidence of GST to go down: Minimum value of 4 steel goods drastically cut

ISLAMABAD: The Federal Board of Revenue (FBR) has drastically cut the minimum value of supply of four...

Updated 25 Oct, 2024 09:25am

Opinion

Squeezing lemons: the fallout of lazy reforms

The government is resorting to lazy reforms, putting pressure on the known and compliant while ignoring systemic...

Published 21 Oct, 2024 06:44am

GST fraud allegations: Leading cos’ CFOs go into hiding

ISLAMABAD: The chief financial officers (CFOs) of companies allegedly involved in sales tax fraud have apparently...

Updated 18 Oct, 2024 02:53pm

Govt may collect Rs300bn from agri tax

FBR asks provinces to adopt federal schedule of income tax for collection of agricultural income tax

Updated 14 Oct, 2024 03:17pm

EFS ends: Exporters now to pay regular income tax: IMF

ISLAMABAD: Exporters will be brought into the regular income tax regime, Exporters Facilitation Scheme terminated,...

Updated 12 Oct, 2024 09:50pm

Petrol price likely to remain unchanged

ISLAMABAD: The federal government is considering maintaining the current price of petrol while implementing a slight...

Updated 28 Sep, 2024 08:48am

Markets

Petrol price cut by Rs10, HSD’s by Rs13.06

ISLAMABAD: The federal government announced a substantial reduction in prices of petroleum products on Sunday,...

Published 16 Sep, 2024 06:08am

Markets

Higher sales tax threatens government’s EV promotion efforts: EDB official

An official from the Engineering Development Board (EDB) warned that raising the general sales tax (GST) on electric...

Published 11 Sep, 2024 12:44pm

Business & Finance

Economic challenges, GST imposition badly hurt industry of transport parts

LAHORE: The tractor parts industry, a vital sector supporting the country’s agricultural backbone, is on the brink...

Published 07 Sep, 2024 06:59am

GST relief on scrap: Steel industry urges FBR to implement policy decision

ISLAMABAD: The documented steel industry has asked the Federal Board of Revenue (FBR) to implement policy decision...

Updated 03 Sep, 2024 08:58am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 18	280.70
USD PKR Interbank Buying / Apr 18	280.45
USD to Japanese Yen / Apr 17	142.33
USD to Swiss Franc / Apr 17	0.82
Pound Sterling to USD / Apr 17	1.33
Euro to USD / Apr 17	1.14
UK LIBOR % / Apr 17	4.96

Stock	Volume
S&P 500 / Apr 17	5,282.70
India Sensex / Apr 17	78,553.20
Nasdaq / Apr 17	16,286.45
Hang Seng / Apr 17	21,395.14
FTSE 100 / Apr 17	8,275.66
Dow Jones / Apr 17	39,142.23
Germany DAX 30 / Apr 17	21,205.86
France CAC40 / Apr 17	7,285.86
Tokyo Nikkei / Apr 18	34,730.28

Item	Value
Crude Oil USD/Barrel / Apr 17	64.68
Karachi Cotton PKR/37.32 KG / Apr 17	16,985
Gold 10 Grams PKR / Apr 17	300,068
Gold Spot USD/Ounce / Apr 17	3,326.85
Cotton US¢/pound / Apr 17	67.13
Petrol/Litre / Apr 18	254.63
Diesel/Litre / Apr 18	258.64

Gainers
Losers
Leaders

Stock	Price
PICIC Ins.Ltd. / Apr 18 PICIC Insurance Limited(PIL)	3.41 ▲ 0.96 (39.18%)
Universal Ins. / Apr 18 The Universal Insurance Company Limited(UVIC)	10.36 ▲ 0.99 (10.57%)
Oilboy Energy / Apr 18 Oilboy Energy Limited(OBOY)	10.91 ▲ 1 (10.09%)
Popular Islamic / Apr 18 Popular Islamic Modaraba(PIM)	13.70 ▲ 1.25 (10.04%)
Safe Mix Con.Lt / Apr 18 Safe Mix Concrete Limited(SMCPL)	18.11 ▲ 1.65 (10.02%)
Bunnys Limited / Apr 18 Bunnys Limited(BNL)	26.91 ▲ 2.45 (10.02%)
Nimir Resins / Apr 18 Nimir Resins Limited(NRSL)	46.70 ▲ 4.25 (10.01%)
ECOPACK Ltd / Apr 18 Ecopack Limited(ECOP)	32.79 ▲ 2.98 (10%)
PIA Holding Co.B / Apr 18 PIA Holding Company Limited B(PIAHCLB)	2,121.87 ▲ 192.9 (10%)
Sunrays Textile / Apr 18 Sunrays Textile Mills Limited(SUTM)	97.10 ▲ 8.83 (10%)

Stock	Price
Oilboy Energy(R) / Apr 18 Oilboy Energy Limited(R)(OBOYR2)	0.81 ▼ -0.26 (-24.3%)
Shaheen Ins. / Apr 18 Shaheen Insurance Company Limited(SHNI)	5.65 ▼ -1.52 (-21.2%)
Century Ins. / Apr 18 Century Insurance Company Limited(CENI)	41.27 ▼ -8.55 (-17.16%)
Escorts Bank / Apr 18 Escorts Investment Bank Limited(ESBL)	5.95 ▼ -0.89 (-13.01%)
Tariq Corp.Pref. / Apr 18 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7.40 ▼ -0.89 (-10.74%)
Crescent Fib. / Apr 18 Crescent Fibres Limited(CFL)	45.25 ▼ -5 (-9.95%)
Trust Sec.& Brok. / Apr 18 Trust Securities & Brokerage Limited(TSBL)	12.65 ▼ -1.32 (-9.45%)
Mughal Energy / Apr 18 Mughal Energy Limited(GEM)(GEMMEL)	20 ▼ -2.02 (-9.17%)
Shadab Textile / Apr 18 Shadab Textile Mills Limited(SHDT)	20.70 ▼ -1.95 (-8.61%)
Gulshan Sp. / Apr 18 Gulshan Spinning Mills Limited(GSPM)	3.20 ▼ -0.28 (-8.05%)

Stock	Volume
Sui South Gas / Apr 18 Sui Southern Gas Company Limited(SSGC)	34,620,984 ▲ 1.57
Pak Int.Bulk / Apr 18 Pakistan International Bulk Terminal(PIBTL)	27,542,848 ▲ 0.18
K-Electric Ltd. / Apr 18 K-Electric Limited(KEL)	21,778,643 ▲ 0.1
Cnergyico PK / Apr 18 Cnergyico PK Limited(CNERGY)	12,183,035 ▼ -0.01
Maple Leaf Cement / Apr 18 Maple Leaf Cement Factory Limited(MLCF)	11,268,947 ▲ 1.18
Pak Elektron / Apr 18 Pak Elektron Limited(PAEL)	9,800,931 ▼ -0.42
WorldCall Telecom / Apr 18 Worldcall Telecom Limited(WTL)	9,144,848 ▲ 0.01
Habib Bank / Apr 18 Habib Bank Limited(HBL)	8,517,247 ▼ -5.7
PIA Holding Co.Ltd / Apr 18 PIA Holding Company Limited(PIAHCLA)	7,641,214 ▲ 1.07
B.O.Punjab / Apr 18 The Bank of Punjab(BOP)	7,489,691 ▼ -0.09

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