News stories for Muhammad Ali - Business Recorder

Muhammad Ali

Independent foreign policy: Qureshi links it to economic stability

Pakistan cannot articulate independent foreign policy without economic stability, the Foreign Minister Shah Mehmood Qureshi said here Monday. Delivering a lecture on "Strategic Importance of Economic Diplomacy for Pakistan in the 21st Century" at the main

Published 11 Feb, 2020 12:00am

MoC takes step to forestall possibility of any zoonotic transmission

Ministry of Commerce (MOC) has imposed a ban on the import of any zoonotic (animal, birds, etc.) till further advise in order to prevent spreading coronavirus in Pakistan. According to a notification, the ban on the import of any zoonotic (animal, birds,

Published 09 Feb, 2020 12:00am

Sports

HBL PSL season 5: Arif Habib an official helmet sponsors of Gladiators

Naya Nazimabad, a housing project of Javedan Corporation Limited and Power Cement Limited, both of which are Arif Habib Group companies, have signed on as the official helmet sponsors of Quetta Gladiators, a franchise of the HBL Pakistan Super League (PSL

Published 07 Feb, 2020 12:00am

Audits of CCIR, CRTO: Contrary to SC order, FBR allows time extension

Contrary to the directives of the Supreme Court of Pakistan, the Federal Board of Revenue (FBR) has allowed extension in time for finalization of pending 459 audits of CCIR, CRTO, Karachi for the Tax Year 2014 till June 30, 2020.

Published 05 Feb, 2020 12:00am

Pakistan

Afghan-registered vehicles being allowed to ferry goods without mandatory road passes?

Afghan-registered vehicles are being allowed to transport goods through Kharlachi customs-station without mandatory road passes by Embassy of Pakistan in Kabul. This was claimed in a letter and special report sent to the chairman FBR by Director General,

Published 04 Feb, 2020 12:00am

Inland Revenue service: FBR, World Bank start working on designing of strategic plan

The Federal Board of Revenue (FBR) and the World Bank (WB) have started working on designing of strategic plan for Inland Revenue (IR) service. According to official sources, the board is making efforts to improve revenue generation, taxpayers' services a

Published 02 Feb, 2020 12:00am

Consignments from China at ports: Customs hasn't started fumigation work despite PHE advisory

Pakistan Customs has so far not started fumigation work on the consignments imported from the affected areas of China at ports to avert spreading corona-virus in Pakistan, despite the advisory issued by Port Health Establishment (PHE).

Published 30 Jan, 2020 12:00am

Sports

Australian HC gives good wishes to Pakistan's women cricket team

Dr. Geoffrey Shaw, Australian High Commissioner to Pakistan said that Pakistan Super League (PSL) will play a crucial role in building confidence and change the players' minds about the country.

Published 29 Jan, 2020 12:00am

Private people still involved in official work at tax offices

Private persons are still actively involved in official work at Karachi-based tax offices despite serious admonition by the Federal Board of Revenue (FBR). According to details, the issue was highlighted through a complaint lodged at Pakistan Citizen Port

Published 27 Jan, 2020 12:00am

MoC agrees to support cross stuffing of Afghan cargo

The Ministry of Commerce (MoC) has agreed to support cross stuffing of Afghan bound cargo at ports.

Published 24 Jan, 2020 12:00am

Pakistan

NAB expedites probe against Khursheed Shah

National Accountability Bureau (NAB) has accelerated its investigation in the assets beyond means case against PPP senior leader Syed Khursheed Shah, asking Federal Board of Revenue (FBR) to submit financial details of seven others accused by January 27,

Published 23 Jan, 2020 12:00am

Massive sales tax refund 'fraud' detected

Regional Tax Office (RTO)-II, Karachi has detected a massive sales tax refund "fraud" amounting to around Rs 230 million, purportedly committed through three fake companies against flying invoices in connivance with FBR officials.

Published 22 Jan, 2020 12:00am

Business & Finance

US-Iran tension pushes up ATT to $2.3 billion: DGTT

Afghan Transit Trade (ATT) has increased to $ 2.3 billion from $1 billion, due to tensions between Iran and the United States.

Published 10 Jan, 2020 12:00am

Containers sans international specifications: No transit movement of Afghan exports goods from February 1: DGTT

Pakistan will not allow the transit movement of exports goods from Afghanistan in containers, lacking international specifications from February 1, 2020.

Published 09 Jan, 2020 12:00am

'Anomalies' in 2nd Tax Laws Amendment Ord 2019: KTBA sends letter to FBR

A registered manufacturer cannot make sales worth more than Rs10 million to even Federal Board of Revenue (FBR) as if it does, input tax will be disallowed, following the serious glitches in 2nd Tax Laws Amendment Ordinance, 2019.

Published 07 Jan, 2020 12:00am

Hafeez asks FBR to forcibly enforce POS registration

Abdul Hafeez Sheikh, Special Advisor to the Prime Minister on Finance, has directed the Federal Board of Revenue (FBR) to enforce Point of Sale (POS) registration forcibly in the markets across the country.

Published 03 Jan, 2020 12:00am

10 registered persons involved in sales tax evasion blacklisted

Directorate of Intelligence & Investigation (DI&I)-IR, Karachi has blacklisted 10 registered persons involved in sales tax evasion amounting Rs 1.305 billion through fake and flying invoices.

Published 27 Dec, 2019 12:00am

Queue system at ports: Ministry plans to award contract to Jordanian firm

The federal maritime affairs ministry is now planning to award a contract to Jordanian company for the development and operation of queue management system to monitor inward and outward cargos movements at ports under the World Bank's financial assistance

Published 26 Dec, 2019 12:00am

Drive against unregistered units begins

The Directorate of Intelligence & Investigation, Inland Revenue, Karachi has kicked off massive campaign against persons involved in taxable activities without getting sales tax registration and payment of due taxes.

Published 24 Dec, 2019 12:00am

Sports

Abid, Masood give Pakistan edge over Sri Lanka

The second-highest opening partnership of 278runs between Abid Ali and Shan Masood is turning the table in favour of hosts, taking the lead of 315 runs against Sri Lanka on a third day of second and final test match at National Stadium Karachi (NSK).

Published 22 Dec, 2019 12:00am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 23	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

Markets →

Budget 2024-25: income tax calculator for FY25

Most Popular