Islamabad May 3 2025: In a recent notification, the Federal Board of Revenue (FBR) announced that the minimum retail price for cement, used to determine sales tax, will now be based on the average national retail price published by the Pakistan Bureau of Statistics (PBS).
The price will be taken from the PBS’s weekly Sensitive Price Indicator (SPI) as posted before the 1st and 16th of each month and will apply to the corresponding fortnight. The applicable sales tax rate remains as specified under clause (a) of subsection (2) of section 3 of the Sales Tax Act.
This Notification shall take effect on and from the 1st day of May, 2025.
