Millat Tractors refutes media claims of FBR-imposed Rs5.4bn fine

14:52
June 24, 2024
MG

June 24, 2024 (MLN): Millat Tractors Limited (PSX: MTL) has refuted recent media reports claiming that the Federal Board of Revenue (FBR) imposed an Rs5.4 billion fine on the company for sales tax audit discrepancies.

MTL in a notice issued to the Pakistan Stock Exchange (PSX) clarified that the said news is misreported as FBR has not imposed any such fine as of the publication date of this information.

However, FBR has issued a show cause notice to the company on Sales Tax related matters based on its interpretation.

The company is of the view that most of the matter(s) taken up in the show cause notice have already been decided by the Lahore High Court, FTO and President of Pakistan and liable to be dropped in the light of their decisions.

Moreover, other matters are against the factual position and the company likely to prevail in these matters.

Copyright Mettis Link News

Posted on: 2024-06-24T14:42:31+05:00

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PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.65000	278.85000	278.85000	278.65000	01:04 PM
2	EUR	1.07065	1.07070	1.07070	1.07065	08:56 AM
3	GBP	1.26515	1.26519	1.26519	1.26515	08:56 AM
4	CHF	0.89901	0.89906	0.89906	0.89901	08:56 AM
5	JPY	160.51200	160.51800	160.51800	160.51200	08:56 AM
6	CAD	1.36971	1.36984	1.36984	1.36971	08:56 AM
7	AUD	0.66685	0.66687	0.66687	0.66685	08:56 AM
8	INR	83.35120	83.35170	83.35170	83.35120	08:56 AM
9	SAR	3.75150	3.75170	3.75170	3.75150	05:56 PM
10	AED	3.67290	3.67310	3.67310	3.67290	05:56 PM
11	HKD	7.80890	7.80900	7.80900	7.80890	08:56 AM
12	CNH	7.29428	7.29439	7.29439	7.29428	08:56 AM
13	CNY	7.26880	7.26890	7.26890	7.26880	09:01 PM
14	THB	36.68000	36.72400	36.72400	36.68000	08:56 AM
15	MYR	4.71500	4.72000	4.72000	4.71500	05:21 AM
16	IDR	16,335.00000	16,349.00000	16,349.00000	16,335.00000	08:56 AM
17	SGD	1.35520	1.35533	1.35533	1.35520	08:56 AM
18	NZD	0.60926	0.60930	0.60930	0.60926	08:56 AM
19	MXN	18.29690	18.30200	18.30195	18.29695	08:56 AM
20	TRY	32.79910	32.80910	32.80910	32.79910	08:56 AM
21	SEK	10.59430	10.59620	10.59619	10.59429	08:56 AM
22	ZAR	18.17640	18.18300	18.18300	18.17640	08:56 AM
23	NOK	10.64010	10.64260	10.64263	10.64005	08:56 AM
24	DKK	6.96500	6.96556	6.96556	6.96500	08:56 AM
25	ARS	911.02200	911.03200	911.03160	911.02160	08:56 AM
26	BDT	115.83100	119.19300	119.19281	115.83105	07:19 AM
27	BHD	0.37698	0.37701	0.37701	0.37698	04:26 PM
28	BRL	5.52960	5.53260	5.53260	5.52960	08:56 AM
29	KRW	1,377.37000	1,378.53000	1,378.53000	1,377.37000	08:56 AM
30	KWD	0.30670	0.30680	0.30680	0.30670	05:56 PM
31	LKR	302.74900	309.28500	309.28547	302.74904	07:19 AM
32	OMR	0.38499	0.38504	0.38504	0.38499	12:33 PM
33	QAR	3.64500	3.64650	3.64650	3.64500	05:56 PM
34	RUB	85.50100	85.50940	85.50936	85.50095	08:56 AM
35	AFN	70.12990	71.99750	71.99753	70.12989	07:19 AM
36	AZN	1.70000	1.70000	1.70000	1.70000	06:47 AM
37	TMT	3.36000	3.66000	3.66000	3.36000	08:00 PM
38	MVR	15.26000	15.55000	15.55000	15.26000	08:00 PM
39	UZS	12,523.50000	12,588.80000	12,588.82964	12,523.46223	07:19 AM
40	PHP	58.42100	58.45800	58.45800	58.42100	08:56 AM
42	NGN	1,534.92000	1,535.92000	1,535.92000	1,534.92000	07:19 AM
43	KES	128.38000	130.38000	130.38000	128.38000	08:04 AM
44	AMD	388.16000	388.16000	388.16000	388.16000	08:09 AM
45	TWD	32.42800	32.44000	32.44000	32.42800	08:56 AM
46	XAU	2,337.33000	2,337.61000	2,337.61000	2,337.33000	08:56 AM
47	XAG	29.47920	29.49080	29.49080	29.47920	08:56 AM
48	XPT	1,014.73000	1,016.93000	1,016.63000	1,014.73000	05:56 PM
49	XPD	969.40100	979.60400	978.60250	970.77750	05:56 PM
2,120	VES	36.34820	36.36810	36.36812	36.34821	08:56 AM
2,212	UGX	3,668.05000	3,752.09000	3,752.08942	3,668.04561	07:19 AM
2,213	TZS	2,687.99000	2,688.01000	2,688.01500	2,687.98500	06:51 AM

Data is delayed by 20 minutes

EQUITY

Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	78,784.23	78,444.961	78,312.36	-83.294	-0.106	206,490,563.0	8,738,594,040.550	28/06/2024 05:12 PM
ALLSHR	49,737.26	49,683.755	49,424.99	196.520	0.397	346,915,672.0	11,881,797,198.310	28/06/2024 05:12 PM
KSE30	25,505.90	25,282.036	25,249.13	-150.742	-0.593	41,704,746.0	4,807,366,934.670	28/06/2024 05:12 PM
KMI30	126,852.47	126,424.269	126,122.26	116.650	0.092	52,257,380.0	4,011,912,123.640	28/06/2024 05:12 PM
KMIALLSHR	34,898.31	34,853.871	34,674.35	189.461	0.547	157,143,955.0	7,171,951,229.500	28/06/2024 05:12 PM
BKTi	20,630.27	20,291.887	20,188.23	-218.610	-1.066	16,130,794.0	1,783,726,782.910	28/06/2024 05:12 PM
OGTi	17,380.11	17,229.306	17,196.77	-58.385	-0.338	6,937,217.0	1,006,364,207.730	28/06/2024 05:12 PM

Data is delayed by 20 minutes

COMMODITIES

Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	61,920.0	62,635.0	61,555.0	75.00
BRENT CRUDE	EB	85.6	86.2	85.4	0.32
RICHARDS BAY COAL MONTHLY	EF	112.0	0.0	0.0	4.90
ROTTERDAM COAL MONTHLY	ET	109.7	0.0	0.0	0.70
USD RBD PALM OLEIN	POL	832.5	832.5	832.5	0.00
CRUDE OIL – WTI	QCL	82.1	82.7	81.8	0.37
SUGAR #11 WORLD	SB	20.4	20.5	20.2	0.15

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