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Sales Tax

KE’s financial best practices upheld in FTO’s decision

KARACHI: K-Electric (KE) welcomes the Federal Tax Ombudsman’s (FTO) recent decision affirming the company’s full...

Published a day ago

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 3 days ago

Iron, steel scrap importers: FBR withdraws EFS facility

ISLAMABAD: The Federal Board of Revenue (FBR) has withdrawn facility of Export Facilitation Scheme (EFS) 2021 from...

Updated 26 Feb, 2025 02:59pm

Solar net metering consumers: Discovering Rs9.8bn loss, FTO orders 18pc GST levy

ISLAMABAD: The Federal Tax Ombudsman (FTO) discovering huge revenue loss of Rs9.8 billion, passed the order for...

Updated 25 Feb, 2025 08:11pm

Sports

ICC Champions Trophy 2025: ECC approves income tax exemption for ICC

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet approved income tax exemption for the...

Published 21 Feb, 2025 06:49am

Business & Finance

Jam apprised about levy issues facing carpet sector

ISLAMABAD: A delegation from the Carpet Association on Thursday met with Federal Minister for Commerce Jam Kamal ...

Published 21 Feb, 2025 06:49am

Local raw materials: APTMA says seeking a level playing field

ISLAMABAD: The All Pakistan Textile Mills Association (Aptma) urgently called on the government to create a level...

Updated 11 Feb, 2025 02:45pm

Business & Finance

‘Vessels, ships procured or purchased must be exempted from ST’

KARACHI: Standing Committee meeting on Maritime Affairs met under the Chairmanship of Abdul Qadir Patel, MNA. Taking...

Published 08 Feb, 2025 06:30am

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

Online Sales Tax return format: KTBA says concerned at recent changes

KARACHI: Karachi Tax Bar Association (KTBA) has raised concerns over recent changes to the online Sales Tax Return...

Updated 05 Feb, 2025 09:16am

Business & Finance

Millat Tractors to challenge FBR’s Rs18bn sales tax demand

One of Pakistan’s leading tractor manufacturers, Millat Tractors Limited, on Monday rebuked the Federal Board of...

Updated 03 Feb, 2025 10:41pm

Tractor-manufacturing company: FBR raises Rs18bn sales tax demand

ISLAMABAD: The Federal Board of Revenue (FBR) has raised a huge sales tax demand of Rs 18 billion against a leading...

Updated 03 Feb, 2025 09:25am

POS system: FBR introduces massive changes in retailers’ procedure

Will require retailers, using POS system, to integrate facility of debit and credit card machine, QR Code or any other mode of digital transaction available at all the sale points

Updated 30 Jan, 2025 02:51pm

Opinion

Inaction will kill industry

Pakistan’s textile industry has long been a major contributor to exports, employment, and value addition. However,...

Published 27 Jan, 2025 05:50am

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

Business & Finance

FPCCI concerned at dramatic decline in cotton production

KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) have raised serious concerns about the...

Published 19 Jan, 2025 02:47am

Business & Finance

PRA to expand single sales tax return

LAHORE: In a bid to facilitate taxpayers, the Punjab Revenue Authority (PRA) has taken a significant step to expand...

Published 11 Jan, 2025 02:48am

FBR tax collection: Contribution of LTO Karachi highest

ISLAMABAD: The contribution of Large Taxpayer Office (LTO) Karachi in overall tax collection (income tax, sales tax,...

Updated 09 Jan, 2025 03:09pm

FBR voices concern over disparities in tax compliance

ISLAMABAD: The Federal Board of Revenue (FBR) has expressed serious concern over significant disparities in tax...

Updated 06 Jan, 2025 09:30am

Business & Finance

KPRA collects Rs24.2bn in six months of FY25

PESHAWAR: The Khyber Pakhtunkhwa Revenue Authority (KPRA) has successfully collected Rs24.2 billion in the first six...

Published 03 Jan, 2025 05:54am

Business & Finance

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 28	279.70
USD PKR Interbank Buying / Feb 28	279.50
USD to Japanese Yen / Feb 28	150.63
USD to Swiss Franc / Feb 28	0.90
Pound Sterling to USD / Feb 28	1.26
Euro to USD / Feb 28	1.10
UK LIBOR % / Feb 28	4.96

Stock	Volume
S&P 500 / Feb 28	5,954.50
India Sensex / Feb 28	73,198.10
Tokyo Nikkei / Feb 28	37,155.50
Nasdaq / Feb 28	18,847.28
Hang Seng / Feb 28	22,941.32
FTSE 100 / Feb 28	8,809.74
Dow Jones / Feb 28	43,840.91
Germany DAX 30 / Feb 28	22,551.43
France CAC40 / Feb 28	8,111.63

Item	Value
Crude Oil USD/Barrel / Feb 28	69.76
Karachi Cotton PKR/37.32 KG / Feb 28	17,785
Gold 10 Grams PKR / Feb 28	257,639
Gold Spot USD/Ounce / Feb 28	2,857.83
Cotton US¢/pound / Feb 28	65.25
Petrol/Litre / Mar 2	255.63
Diesel/Litre / Mar 2	258.64

Gainers
Losers
Leaders

Stock	Price
Beco Steel Ltd / Feb 28 Beco Steel Limited(BECO)	9.60 ▲ 1 (11.63%)
Merit Packaging / Feb 28 Merit Packaging Limited(MERIT)	10.59 ▲ 1 (10.43%)
Internationl Packaging Films / Feb 28 Internationl Packaging Films Limited(IPAK)	22.28 ▲ 2.03 (10.02%)
The Thal Ind.Corp. / Feb 28 The Thal Industries Corporation Limited(TICL)	424.64 ▲ 38.6 (10%)
S.S.Oil / Feb 28 S.S.Oil Mills Limited(SSOM)	88.33 ▲ 8.03 (10%)
Sanghar Sugar / Feb 28 Sanghar Sugar Mills Limited(SANSM)	49.60 ▲ 4.51 (10%)
Khyber Tobacco / Feb 28 Khyber Tobacco Company Limited(KHTC)	302.01 ▲ 27.46 (10%)
Fateh Sports / Feb 28 Fateh Sports Wear Limited(FSWL)	85.72 ▲ 7.79 (10%)
AGP Limited / Feb 28 AGP Limited(AGP)	189.72 ▲ 17.25 (10%)
Power Cem(Pref) / Feb 28 Power Cement (Pref)(POWERPS)	14.11 ▲ 1.28 (9.98%)

Stock	Price
First Elite Cap.Mod / Feb 28 First Elite Capital Modaraba(FECM)	7.40 ▼ -0.97 (-11.59%)
Kohinoor Energy / Feb 28 Kohinoor Energy Limited(KOHE)	22.59 ▼ -2.51 (-10%)
Dadex Eternit / Feb 28 Dadex Eternit Limited(DADX)	73.05 ▼ -8.12 (-10%)
EMCO Industries / Feb 28 Emco Industries Limited(EMCO)	25.66 ▼ -2.85 (-10%)
Pak Datacom / Feb 28 Pak Datacom Limited(PAKD)	94.84 ▼ -10.53 (-9.99%)
At-Tahur Ltd. / Feb 28 At-Tahur Limited(PREMA)	29.56 ▼ -3.28 (-9.99%)
Trust Sec.& Brok. / Feb 28 Trust Securities & Brokerage Limited(TSBL)	11.58 ▼ -1.27 (-9.88%)
Data Agro / Feb 28 Data Agro Limited(DAAG)	88 ▼ -9.64 (-9.87%)
S.G.Power / Feb 28 S.G. Power Limited(SGPL)	9.12 ▼ -0.98 (-9.7%)
Dewan Textile / Feb 28 Dewan Textile Mills Limited(DWTM)	7.70 ▼ -0.76 (-8.98%)

Stock	Volume
Cnergyico PK / Feb 28 Cnergyico PK Limited(CNERGY)	71,837,021 ▼ -0.21
Pak Int.Bulk / Feb 28 Pakistan International Bulk Terminal(PIBTL)	51,942,475 ▲ 0.64
WorldCall Telecom / Feb 28 Worldcall Telecom Limited(WTL)	42,417,350 ▼ -0.04
National Bank / Feb 28 National Bank of Pakistan(NBP)	27,430,703 ▲ 3.96
GhaniGlobalGlass / Feb 28 Ghani Global Glass Limited(GGGL)	21,659,838 ▼ -0.15
At-Tahur Ltd. / Feb 28 At-Tahur Limited(PREMA)	17,624,004 ▼ -3.28
Maple Leaf Cement / Feb 28 Maple Leaf Cement Factory Limited(MLCF)	16,353,261 ▲ 2.21
Sui North Gas / Feb 28 Sui Northern Gas Pipelines Limited(SNGP)	15,824,842 ▲ 1.11
Sui South Gas / Feb 28 Sui Southern Gas Company Limited(SSGC)	14,522,331 ▼ -0.7
B.O.Punjab / Feb 28 The Bank of Punjab(BOP)	13,562,631 ▼ -0.09

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