Trends - Sales Tax - Business Recorder

Sales Tax

Punjab extends sales tax on services to Murree

LAHORE: The Punjab government has extended sales tax on services to district Murree. A notification has been issued...

Published 31 Dec, 2024 06:32am

Pakistan Revenue Automation Limited: Restructuring plan approved by ECC

Revenue Division/FBR briefs the forum that the Pakistan Revenue Automation Limited is a company to support the revenue automation function of the Federal Board of Revenue

Updated 27 Dec, 2024 03:28pm

Editorials

Tax receipts must improve

EDITORIAL: Chairman Federal Board of Revenue (FBR) Rashid Mehmood Langrial while addressing the Lahore Chamber of...

Updated 23 Dec, 2024 08:17am

Business & Finance

Crackdown launched on sales tax evaders

LAHORE: The sales tax department has taken strong stance against tax evasion, rejecting the plea of an importer who...

Published 18 Dec, 2024 08:05am

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

Business & Finance

PALSP says high energy tariffs brought steel sector to its knees

ISLAMABAD: Pakistan’s steel industry, the backbone of the country’s economy, is teetering on the edge of ...

Published 11 Dec, 2024 08:01am

Business & Finance

APTMA demands govt restore Export Finance Scheme

KARACHI: The All Pakistan Textile Mills Association (APTMA) has demanded the federal government for immediate...

Updated 10 Dec, 2024 09:16am

Now revenue leakages come under govt focus

Finance Minister Muhammad Aurangzeb says government is taking all necessary steps to digitalise revenue structure

Updated 09 Dec, 2024 02:49pm

Oil and gas cos, microfinance banks: FBR, all PRAs/Board agree to extend scope of SSTR

ISLAMABAD: The Federal Board of Revenue (FBR) and all the Provincial Revenue Authorities/Board have unanimously...

Updated 07 Dec, 2024 04:46pm

BR Research

November ignites petroleum sales

After a strong October, November 2024 also proved favorable for the oil marketing companies, as the sector’s...

Published 04 Dec, 2024 08:50am

Business & Finance

‘FBR has authority to conduct post-sanction audits of refund claims’

LAHORE: The Federal Board of Revenue (FBR) has the authority to conduct post-sanction audits of refund claims under...

Published 26 Nov, 2024 07:40am

Business & Finance

Tax dept barred from demanding post-dated cheque, bank certificate

LAHORE: The Sales Tax department has been barred from demanding a post-dated cheque accompanied by a bank ...

Published 23 Nov, 2024 06:19am

Input tax claim and credit: SC defines applicability of Section 8 of Sales Tax Act

ISLAMABAD: The Supreme Court observed that Section 8 of the Sales Tax Act, 1990, only prohibits the claim, credit or...

Updated 17 Nov, 2024 09:38am

Pakistan

Cut wood from trees declared exempted from sales tax

LAHORE: In a significant setback to the sales tax department, a recent tribunal ruling has declared that cut wood...

Published 16 Nov, 2024 07:50am

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

Business & Finance

Tax Laws (Amendment) Act 2024: Dysfunctional ATIR: PTBA urges Law minister to form oversight body

ISLAMABAD: The Pakistan Tax Bar Association (PTBA) has expressed serious concern that Tax Laws (Amendment) Act 2024...

Published 15 Nov, 2024 06:20am

Pakistan

Review plea against apex court verdict: SC rules on Section 45B(2) of ST Act provisos

ISLAMABAD: The Supreme Court by majority declared that first and second provisos to Section 45B(2) of the Act are...

Published 14 Nov, 2024 08:16am

Business & Finance

Delay in sales tax refunds: Textile industry facing financial crunch

LAHORE: The value-added export-oriented textile industry is facing an extreme financial crunch as its major portion...

Published 12 Nov, 2024 06:38am

Business & Finance

FTO directs FBR to address discriminatory sales tax registration

LAHORE: The Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jah has directed the Federal Board of Revenue (FBR) to...

Published 12 Nov, 2024 06:38am

Business & Finance

Rs237bn FED collected from cigarettes in 2023-24

ISLAMABAD: The Federal Board of Revenue (FBR) has collected Rs 237 billion as federal excise duty (FED) from...

Updated 11 Nov, 2024 09:24am

Business & Finance

Sales tax returns: KCCI demands suspension of affidavit requirement

KARACHI: President Karachi Chamber of Commerce and Industry (KCCI) Muhammad Jawed Bilwani, while vehemently...

Published 11 Nov, 2024 06:03am

15 sectors contribute 62.4pc of domestic sales tax revenue

ISLAMABAD: A significant 62.4 percent of the domestic sales tax revenue was contributed by 15 sectors including...

Updated 08 Nov, 2024 09:38am

Editorials

Tajir Dost Scheme has trouble making dost

EDITORIAL: A Business Recorder exclusive report has revealed that the traders have completely prevailed in their...

Published 08 Nov, 2024 06:41am

PRAL & FBR staff found involved: A dormant account used for Rs1.625trn fake supplies?

ISLAMABAD: A gang of cybercriminals illegally used the dormant account of a retired armed forces personnel and made...

Updated 07 Nov, 2024 03:27pm

Business & Finance

KPRA collects Rs14.84bn in four months, showing 40pc growth

PESHAWAR: The Khyber Pakhtunkhwa Revenue Authority (KPRA) has successfully collected Rs14.84 billion in the first...

Published 02 Nov, 2024 07:15am

Sales tax evasion: Tribunal overturns order against taxpayer

Business & Finance

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 31	278.65
USD PKR Interbank Buying / Dec 31	278.45
USD to Japanese Yen / Dec 31	156.20
USD to Swiss Franc / Dec 31	0.90
Pound Sterling to USD / Dec 31	1.26
Euro to USD / Dec 31	1.04

Stock	Volume
S&P 500 / Dec 30	5,906.94
Tokyo Nikkei / Dec 30	39,894.54
Nasdaq / Dec 30	19,486.79
Dow Jones / Dec 30	42,573.73
Germany DAX 30 / Dec 30	19,909.14
India Sensex / Dec 31	78,017.14
Hang Seng / Dec 31	20,059.95
FTSE 100 / Dec 31	8,125.32

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 30	17,785
Gold 10 Grams PKR / Dec 30	241,430.80
Petrol/Litre / Dec 31	252.10
Crude Oil USD/Barrel / Dec 31	71.59
Gold Spot USD/Ounce / Dec 31	2,605.88
Diesel/Litre / Dec 31	255.38

Gainers
Losers
Leaders

Stock	Price
Hira Textile / Dec 31 Hira Textile Mills Limited(HIRAT)	3.75 ▲ 0.45 (13.64%)
Pace (Pak) Ltd. / Dec 31 Pace (Pakistan) Limited(PACE)	8.33 ▲ 1.00 (13.64%)
Tariq Corp.Pref. / Dec 31 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7.88 ▲ 0.88 (12.57%)
Pak Int.Bulk / Dec 31 Pakistan International Bulk Terminal(PIBTL)	9.38 ▲ 1.00 (11.93%)
Gulshan Sp. / Dec 31 Gulshan Spinning Mills Limited(GSPM)	4.47 ▲ 0.47 (11.75%)
Sec. Inv. Bank / Dec 31 Security Investment Bank Limited(SIBL)	9.99 ▲ 1.00 (11.12%)
LSE Financial Serv. / Dec 31 LSE Financial Services Limited(LSEFSL)	15.70 ▲ 1.43 (10.02%)
Sindh Abadgar / Dec 31 Sindh Abadgar's Sugar Mills Limited(SASML)	39.33 ▲ 3.58 (10.01%)
Ali Asghar / Dec 31 Ali Asghar Textile Mills Limited(AATM)	65.45 ▲ 5.95 (10.00%)

Stock	Price
First Capital Equities / Dec 31 First Capital Equities Limited(FCEL)	5.12 ▼ -0.98 (-16.07%)
Pak Agro Pack. (GEM) / Dec 31 Pak Agro Packaging Limited (GEM)(GEMPAPL)	7.60 ▼ -0.90 (-10.59%)
Nimir Resins / Dec 31 Nimir Resins Limited(NRSL)	30.76 ▼ -3.42 (-10.01%)
Frontier Ceram / Dec 31 Frontier Ceramics Limited(FRCL)	42.91 ▼ -4.77 (-10.00%)
Fateh Sports / Dec 31 Fateh Sports Wear Limited(FSWL)	78.50 ▼ -8.72 (-10.00%)
Khairpur Sug. / Dec 31 Khairpur Sugar Mills Limited(KPUS)	203.81 ▼ -22.65 (-10.00%)
Noon Sugar / Dec 31 Noon Sugar Mills Limited(NONS)	81.31 ▼ -9.03 (-10.00%)
Shahmurad Sugar / Dec 31 Shahmurad Sugar Mills Limited(SHSML)	425.82 ▼ -47.31 (-10.00%)
Gammon Pak / Dec 31 Gammon Pakistan Limited(GAMON)	45.59 ▼ -5.06 (-9.99%)

Stock	Volume
Cnergyico PK / Dec 31 Cnergyico PK Limited(CNERGY)	212,308,919 ▲ 0.42
WorldCall Telecom / Dec 31 Worldcall Telecom Limited(WTL)	111,551,930 ▼ -0.05
B.O.Punjab / Dec 31 The Bank of Punjab(BOP)	84,182,656 ▲ 0.28
Pace (Pak) Ltd. / Dec 31 Pace (Pakistan) Limited(PACE)	66,177,767 ▲ 1.00
Fauji Foods Ltd / Dec 31 Fauji Foods Limited(FFL)	55,597,038 ▲ 0.69
Pak Refinery / Dec 31 Pakistan Refinery Limited(PRL)	50,017,805 ▲ 3.54
Silk Bank Ltd / Dec 31 Silkbank Limited(SILK)	48,777,302 ▼ -0.02
K-Electric Ltd. / Dec 31 K-Electric Limited(KEL)	45,320,218 ▲ 0.24
Pak Elektron / Dec 31 Pak Elektron Limited(PAEL)	36,348,761 ▼ -0.91

Markets →

Budget 2024-25: income tax calculator for FY25

Sales Tax

Most Popular