Tag Archives: Sales

Macca Motors upholds sales record

Macca Motors upholds sales record

KARACHI – Suzuki Macca Motors, the authorised 3S Dealership of Pak Suzuki Motor Co Ltd., one of the leading Pakistani Automobile manufacturers is proud to uphold its past grand sales record.
It has once again received the best performance award in motor car sales while Pakistan Suzuki Motor Co., has managed to garner 53 percent market share of the automobile industry.
Suzuki Macca Motors has maintained its sales position since 1999 and this has been possible due to the

GM falls just shy of Toyota in 2010 sales ranking

TOKYO – Toyota Motor Corporation kept its spot at the top of the global sales ranking in 2010, outselling by less than 30,000 units as the US rival achieved faster growth in the world’s two biggest markets. Toyota’s global sales, including mini-vehicle unit Daihatsu Motor and truck unit Hino Motors, grew eight percent to 8.418 million vehicles, it said in a statement, helping it sustain its number one standing for the third straight year. GM, which lost the crown in 2008 for the first

Fruit, vegetable and chicken prices fall, sales rise

LAHORE – Sunday was a good for the citizens, because fruit and vegetable prices declined, and for the Sunday bazaars’ administrations, because public complaints reduced. The prices of onion, ginger, garlic, tomatoes and chicken decreased by around Rs 5 to 15 per Kg.
“Onion and garlic prices had gone out of control, making difficult for us to manage the budget. The price reduction shows that the government could control prices if and when it wanted to,” said a housewife, Rabia

US retail sales rise in Dec

WASHINGTON – Sales at US retailers rose slightly less than expected in December while underlying inflation remained calm, government reports showed on Friday. Despite the modest rise in December, a key shopping month, retail sales for all of 2010 reversed two years of contraction and posted the biggest gain in more than a decade. The reports, which pointed to steady if modest recovery with scant price pressures, are unlikely to budge the US Federal Reserve from its $600 billion bond

Pre-midnight petrol sales drop as prices fall

LAHORE – As soon as the Prime Minister Yousaf Raza Gilani announced the decrease in petroleum prices, people stopped purchasing petrol on Thursday night. New petroleum prices were implemented from last midnight, thus people waited for the date to change before they buy petrol. Petrol pump owners said their sales dropped sharply as soon the announcement was made.
Pakistan Petroleum Dealers Association (PPDA) Chairman Abdul Sami Khan, while talking to Pakistan Today, said every

Do Jennifer’s perfume sales stink?

Jennifer Aniston’s day did not already smell as her first fragrance might be a bit of a stinker. The star’s scent initially called Lolavie before being changed to simply Jennifer Aniston, has reportedly not sold very well since making its summer debut in London, with much of the blame being put on Aniston’s supposed lackluster efforts to promote it. “It’s absolutely not true, “a representative for the actress exclusively,
“The fragrance was launched specifically for London’s

DAP sales decline in the aftermath of price surge

KARACHI – DAP prices in the international market have swelled by 19 percent in November 2010 and reached $588 per tonne compared to an average of $494 per tonne in the third quarter of calendar year 2010.
Resultantly, increase in retail prices stood at a monthly 14 percent in the local market. A sharp decline

Rs 613 million Sales Tax fraud unearthed

LAHORE: Federal Board of Revenue’s (FBR) Directorate of Intelligence and Investigation, Lahore, has detected the huge General Sales Tax (GST) evasion of Rs 613 million by a group of fraudsters.
Sources revealed that Directorate of Intelligence and Investigation (DII) had registered an FIR against 32 tax evaders and apprehended the mastermind of plot, Ejaz Latif, who was implicated in illegal input tax adjustment on the basis of false sales tax invoices.
A senior FBR

RTO expedites Sales Tax refunds

LAHORE: To facilitate the taxpayer FBR’s Regional Tax Offices (RTOs) at Lahore has expedited the pending refund claims and maximized issuance of Sales Tax Refunds for reducing the liquidity problems of tax payers.
According to a press statement, refund processing units have been increased and additional manpower has been deployed to process refunds, especially in the textile sector.
The RTOs have processed 4,080 Sales Tax refund claims amounting to Rs 1.93 billion during

APTMA reiterates General Sales Tax stance

LAHORE: All Pakistan Textile Mills Association (APTMA) Chairman Gohar Ejaz will endeavor to convince the government on the maintenance of the zero-rating regime for textile industry under the reformed General Sales Tax (GST).
He will be speaking to the sub-committee of Standing Committee of the National Assembly on Finance. In his briefing he will point out that APTMA is not against the imposition of GST per se, but had major concerns of the mechanism adopted for revenue

High sales, low prices, no sugar

LAHORE: Unexpectedly, high consumer count was witnessed at the Sunday Bazaars of the city and prices of vegetables and fruits decreased but it was yet another Sunday when customers could not get sugar due to its shortage. However, the price of chicken meat increased as compare to last week.
The chicken was sold for Rs 135 per kg thus an increase of Rs 7 per kg was seen. Last week, chicken meat was sold for Rs 128 per kg. The sales of chicken, vegetables and fruits remained

Rs 69b generated from sales tax, customs duty on POL products: FBR

ISLAMABAD: The government has generated Rs 69 billion from sales tax and customs duty on petroleum products in the first four months of the current financial year, the Federal Board of Revenue (FBR) told a special committee of the Public Accounts Committee on Tuesday.
The FBR told the PAC III, which was chaired by Riaz Pirzada, that the tax earnings increased by Rs 30 billion in the same period. “Rs 428 billion have been received under pure taxes in the same period,” the FBR

LG Optimus One sales touch one million units

LAHORE: LG Electronics (LG) recently announced that worldwide sales of its Optimus One smartphone have hit one million units just 40 days after the phone’s initial launch. Now available in the Middle East after the global roll-out last month, the Optimus One is the fastest selling mobile handset in the company’s history.
Powered by the Android 2.2 “Froyo” OS and optimised for google mobile services, the LG Optimus One has been a big hit with first-time smart phone buyers looking

PEMRA, FIA and FBR to raid Dreambox sales together

KARACHI: In order to enlist help in carrying out raids to curb the illegal selling of Dreambox across the country, Pakistan Electronic Media Regulator Authority (PEMRA) has written letters to Director General Federal Investigation Agency (FIA) and Federal Board of Revenue (FBR).
Dream box and revolving dish are equipments smuggled from India which allow free ‘Direct to Home’ (DTH) access to all the channels in the world.
“A complaint was filed by Cable Operators Assocation

Provinces give thumbs up to General Sales Tax

ISLAMABAD: All the four provinces, as well as Azad Jammu and Kashmir, have said they were on board for the implementation of the reformed General Sales Tax (RGST) on goods and services during the current financial year.
This was stated by the representatives of the four provinces at a media briefing the Pakistan Development Forum on Sunday. The representatives said that their RGST on services bills would be presented in their respected provincial assemblies as soon as parliament

Govt likely to reduce tax exemptions in new sales tax bill

ISLAMABAD: The government is likely to reduce tax exemptions in new proposed revised sales tax bill with certain fundamental changes related to enforcement and audit, Pakistan Today reliably learnt on Tuesday.
According to sources in the Law Ministry, the Federal Board of Revenue has sent the proposed bill to the Law Ministry a few days ago, proposing the withdrawal of all kinds of exemptions on sales tax, except on life saving drugs and food items.
The exemptions would help