{"id":81492,"date":"2021-11-17T12:23:57","date_gmt":"2021-11-17T07:23:57","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=81492"},"modified":"2021-11-17T12:24:02","modified_gmt":"2021-11-17T07:24:02","slug":"fbr-increases-steel-value","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-increases-steel-value.html","title":{"rendered":"FBR increases value of steel for enhanced GST collection"},"content":{"rendered":"\n<p>Islamabad: The Federal Board of Revenue (FBR) on Monday (November 15) announced an increase in the minimum prices of steel products through amendments in SRO-985 issued on August 4 for enhanced General Sales Tax (GST) collection, according to news sources.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/fbr-committee-issues-exporters.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR forms committee to address issues of exporters and traders<\/a><\/p>\n\n\n\n<p>According to sources, the decision of price increase came after the surge in the prices of steel products in international and domestic markets. The details of new prices are:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>PKR 153,000 per metric tonne of steel bars<\/li><li>PKR 131,000 per metric tonne of billets<\/li><li>PKR 126,000 per metric tonne of ship plates and bala\/ingots<\/li><li>PKR 119,000 per metric tonne of scrap<\/li><\/ul>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/steel-price-rise-input-cost-increases.html\" target=\"_blank\" rel=\"noreferrer noopener\">Steel price goes up further as input cost increases<\/a><\/p>\n\n\n\n<p>Moreover, FBR also mentioned that the <a href=\"https:\/\/www.zameen.com\/news\/fbr-steel-fixed-value-sales-tax.html\" target=\"_blank\" rel=\"noreferrer noopener\">minimum prices<\/a> will be fixed on a quarterly basis. For a long time, the steel industry demanded a revision in the minimum prices of steel products as the international prices were surging.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Federal Board of Revenue (FBR) on Monday (November 15) announced an increase in the minimum prices of steel products through amendments in SRO-985 issued on August 4 for enhanced General Sales Tax (GST) collection, according to news sources. Read: FBR forms committee to address issues of exporters and traders According to sources, the decision of price increase came after the surge in the prices of steel products in international and domestic markets. The details of new prices are: PKR 153,000 per metric tonne of steel bars PKR 131,000 per metric tonne of billets PKR 126,000 per metric tonne of ship plates and bala\/ingots PKR 119,000 per metric tonne of scrap Read: Steel price goes up further as input cost increases Moreover, FBR also mentioned that the minimum prices will be fixed on a quarterly basis. For a long time, the steel industry demanded a revision in the minimum prices of steel products as the international prices were surging.<\/p>\n","protected":false},"author":83,"featured_media":75334,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[49540,49544,49545],"persona":[],"class_list":{"0":"post-81492","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-fbr-increases-value-of-steel-for-enhanced-gst-collection","9":"tag-increase-in-the-minimum-prices-of-steel-products","10":"tag-price-surge-of-steel-products-in-international-and-domestic-markets","11":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FBR increases value of steel for enhanced GST collection - Zameen News<\/title>\n<meta name=\"description\" content=\"The Federal Board of Revenue (FBR) on Monday (November 15) announced an increase in the minimum prices of steel products through amendments in SRO-985....\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/fbr-increases-steel-value.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR increases value of steel for enhanced GST collection - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The Federal Board of Revenue (FBR) on Monday (November 15) announced an increase in the minimum prices of steel products through amendments in SRO-985....\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-increases-steel-value.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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