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Ali Ahmed

Business & Finance

Bank Alfalah Islamic grabs two awards at GIFA

Bank Alfalah Islamic received the ‘Most Innovative Islamic Banking Window 2020’ and ‘Best Islamic Savings Product 2020’ awards at the prestigious Global Islamic Finance Awards (GIFA).

Updated 21 Sep, 2020 04:56pm

Markets

FinCEN Files: Pakistan's Altaf Khanani got huge sums from account in Danske Bank

As per the documents, Altaf Khanani, who was arrested by the US Authorities back in 2015 exchanged large and suspicious sums for accounts in Denmark’s bank namely Danske Bank's branch in Estonia through one of his central companies.

Updated 21 Sep, 2020 03:33pm

Business & Finance

FinCEN Files: Leaked documents reveal how world’s major banks laundered billions of dollars

The reports were based on the leaked Suspicious Activity Reports (SARs) filed by banks and other financial firms with the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN).

Published 21 Sep, 2020 01:59pm

Technology

Google bringing major update on Drive

Prior to this update, files in the Google Drive trash were not deleted until you delete them yourself.

Published 21 Sep, 2020 12:22pm

Business & Finance

Fawad Chaudhry criticize FBR ‘absurd’ formula regarding tax

“FBR formula is absurd tax credit should go to the district where factories are established," says Fawad.

Published 21 Sep, 2020 11:16am

Business & Finance

State Bank to announce MPS today

Economists are expecting that the interest rate is likely to remain unchanged at 7 percent for the next two months.

Published 21 Sep, 2020 10:31am

Pakistan

KMC to build shopping plaza for affected shopkeepers of Light House

Shallwani said that they wanted to provide every possible facility to the affected shopkeepers in a plaza at Siddique Wahab Road.

Published 19 Sep, 2020 04:12pm

Business & Finance

FBR rectifies mistake on tax number for Senator Faisal Javed Khan

“FBR regrets the inconvenience caused to the Honourable Parliamentarian on this inadvertent mistake,” it said.

Published 19 Sep, 2020 03:38pm

Business & Finance

PIA tickets become scarce as Saudi Arabia ease down travel restrictions

As per details, PIA started booking from September 15, but passengers are facing problems as the reservation department has very few tickets.

Published 19 Sep, 2020 03:20pm

Business & Finance

Co’s file the highest amount of tax in Pakistan

Companies in Pakistan paid approximately 56 percent of the total tax collection, followed by non-salaried individuals at 21pc, and salaried individuals at 14pc.

Updated 19 Sep, 2020 03:04pm

Business & Finance

Karachi’s Saddar Bazaar emerges as the country’s highest tax paying market

From Saddar market which is one of the country’s largest market Rs 77,177,558,945 were collected in taxes from 72,339 tax filers, for the fiscal year ended in June, 2018.

Updated 19 Sep, 2020 04:19pm

Markets

SBP allows Resident Pakistanis to invest in USD Naya Pakistan Certificates

To do so, they need to open a Foreign Currency Roshan Digital Account by visiting a branch of one of the eight participating banks in Pakistan.

Published 19 Sep, 2020 10:45am

Pakistan

FBR releases tax directory of Pakistan's parliamentarians

Advisor to Prime Minister on Finance and Revenue Abdul Hafeez Shaikh informed that some 90 Senators and 311 Members of the Parliament have paid taxes of about Rs 800 million.
Prime Minister Imran Khan paid Rs 282,449 whereas former prime minister and PML-N parliamentarian Shahid Khaqan Abbasi paid the highest tax of Rs 241,329,362.

Published 18 Sep, 2020 03:29pm

Markets

Google removes Indian giant ‘Paytm’ app from Play Store for violating rules

Paytm, through which users can exchange money with one another, disappeared from the Play Store in India on Friday.

Published 18 Sep, 2020 02:14pm

Pakistan

Tram service to run on Karachi’s roads with Turkish assistance

They both agreed to introduce tram service at Karachi's two of the busiest arteries MA Jinnah Road and II Chandigarh Road.

Published 18 Sep, 2020 12:51pm

Business & Finance

Govt aims to facilitate business through tax reforms, says Shaikh

Shaikh informed that the government has decided that the taxpayer with an income tax refund of Rs50 million should be immediately reimbursed.

Published 18 Sep, 2020 12:17pm

Business & Finance

ICSID stay order a ‘great relief’ for Pakistan: Bajwa

“Reko Diq: Stay order by World Bank tribunal on $ 6Bn award versus Pakistan is great relief,” said Bajwa in a tweet post on Friday.

Published 18 Sep, 2020 10:43am

Business & Finance

World Bank’s ICSID grants Pakistan stay on $6bn penalty in Reko Diq case

This is a success for Pakistan and its legal team said Attorney General for Pakistan’s office in a statement.

Updated 18 Sep, 2020 04:01pm

Business & Finance

As travel restrictions ease, PIA decides to increase flights to Saudi Arabia

Just days ago, the Kingdom of Saudi Arabia has announced the lifting of travel restrictions from January 1, while those in certain categories will be allowed to travel from September 15, as the coronavirus pandemic weaken.

Published 17 Sep, 2020 04:46pm

Technology

Despite economic slowdown, Pakistan’s gig economy continues to shine

Pakistan gig s’- economy has witnessed a surge in new freelancers due to government intervention with online education.

Published 17 Sep, 2020 03:40pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 28	277.93
USD PKR Interbank Buying / Nov 28	278.13
USD to Japanese Yen / Nov 28	151.53
USD to Swiss Franc / Nov 28	0.88
Pound Sterling to USD / Nov 28	1.27
Euro to USD / Nov 28	1.05

Stock	Volume
S&P 500 / Nov 27	5,998.74
Nasdaq / Nov 27	19,060.48
FTSE 100 / Nov 27	8,274.75
Dow Jones / Nov 27	44,722.06
Germany DAX 30 / Nov 27	19,261.75
France CAC40 / Nov 27	7,143.03
India Sensex / Nov 28	79,455.91
Tokyo Nikkei / Nov 28	38,303.45

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 27	17,685
Gold 10 Grams PKR / Nov 27	236,540
Petrol/Litre / Nov 28	248.38
Crude Oil USD/Barrel / Nov 28	68.72
Gold Spot USD/Ounce / Nov 28	2,635.70
Diesel/Litre / Nov 28	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 28 786 Investments Limited(786)	6.54 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 28 Al-Abbas Sugar Mills Limited(AABS)	615 ▼ 0.00 (0.00%)
Agro Allianz / Nov 28 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 28 Ali Asghar Textile Mills Limited(AATM)	69.60 ▼ 0.00 (0.00%)
Allied Bank / Nov 28 Allied Bank Limited(ABL)	132.35 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 28 Abbott Laboratories (Pakistan) Limited(ABOT)	992.51 ▼ 0.00 (0.00%)
Abson Ind. / Nov 28 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 28 Alfalah Consumer Index ETF.(ACIETF)	12.20 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 28 786 Investments Limited(786)	6.54 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 28 Al-Abbas Sugar Mills Limited(AABS)	615 ▲ 0.00 (0.00%)
Agro Allianz / Nov 28 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 28 Ali Asghar Textile Mills Limited(AATM)	69.60 ▲ 0.00 (0.00%)
Allied Bank / Nov 28 Allied Bank Limited(ABL)	132.35 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 28 Abbott Laboratories (Pakistan) Limited(ABOT)	992.51 ▲ 0.00 (0.00%)
Abson Ind. / Nov 28 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 28 Alfalah Consumer Index ETF.(ACIETF)	12.20 ▲ 0.00 (0.00%)

Stock	Volume
B.O.Punjab / Nov 28 The Bank of Punjab(BOP)	114,966,225 ▲ 0.00
Hascol Petrol / Nov 28 Hascol Petroleum Limited(HASCOL)	106,286,630 ▲ 0.00
K-Electric Ltd. / Nov 28 K-Electric Limited(KEL)	91,200,956 ▲ 0.00
Fauji Foods Ltd / Nov 28 Fauji Foods Limited(FFL)	54,248,949 ▲ 0.00
Bank Makramah / Nov 28 Bank Makramah Limited(BML)	37,218,539 ▲ 0.00
Pace (Pak) Ltd. / Nov 28 Pace (Pakistan) Limited(PACE)	35,016,136 ▲ 0.00
Sui South Gas / Nov 28 Sui Southern Gas Company Limited(SSGC)	30,887,483 ▲ 0.00
Cnergyico PK / Nov 28 Cnergyico PK Limited(CNERGY)	29,932,157 ▲ 0.00
WorldCall Telecom / Nov 28 Worldcall Telecom Limited(WTL)	26,219,598 ▲ 0.00

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