News stories for Muhammad Ali - Business Recorder

Muhammad Ali

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

Sports

Shaheen Shah takes 5 wickets as Pakistan fight back

The duo Pakistani pacers - Shaheen Shah Afridi and Mohammad Abbas broke out Sri Lankan batting lineup, helping Pakistan to restrain touring side at 271 runs on second day of second and final Test match at National Stadium Karachi (NSK).

Published 21 Dec, 2019 12:00am

Sports

Pakistan recover after SL's shocking bowling spell

Sri Lanka appears dominating on the first day of second and Test match, putting full-stop on Pakistan's first inning at 191 in 59.3 overs, though the home side came strongly in last session, sending three batsmen of touring side to the pavilion with the s

Published 20 Dec, 2019 12:00am

Online integration with FBR system: 300 tier-I retailers issued notices

Regional Tax Office (RTO)-II, Karachi has issued notices to 300 tier-I retailers for online integration with FBR system before the last date of ST returns filing for the month of December, 2019 to avoid blocking adjustment of input tax under sub-section (

Published 19 Dec, 2019 12:00am

Sports

MCC to tour Pakistan in February

Marylebone Cricket Club (MCC) has confirmed to send a touring squad to Pakistan in February 2020. According to details, captained by current MCC President Kumar Sangakkara, the Club will send a team to Lahore in February next year, playing a number of mat

Published 19 Dec, 2019 12:00am

Rs 50 billion money laundering detected

Directorate General Intelligence and Investigation (DGI&I)-IR has detected massive money laundering amounting to over Rs. 50 billion approximately in 24 cases across the country. FIRs have been registered under Anti Money Laundering Act, 2010.

Published 13 Dec, 2019 12:00am

'Historic' tax recovery made

Directorate General Intelligence and Investigation - Customs, Karachi has made a "historic" tax recovery of Rs 221.7 million from Oil & Gas Development Company Ltd (OGDCL).

Published 12 Dec, 2019 12:00am

Pakistan

Appointment of judges: Parliamentary body seeks tax details

The parliamentary committee on appointment of judges has directed Federal Board of Revenue (FBR) to furnish the income tax and returns details of nominees recommended by Judicial Commission of Pakistan (JCP) for their appointments as additional judges in

Published 27 Nov, 2019 12:00am

Business & Finance

FBR constitutes consultative committees on restructuring

Following the strong resistance showed by Inland Revenue Service (IRS) officers, the Federal Board of Revenue (FBR) has constituted consultative committees to address their concerns regarding "Restructuring of FBR".

Published 12 Nov, 2019 12:00am

Sindh, Punjab and KP: FBR unearths massive tax evasion by sugar mills

The Federal Board of Revenue (FBR) has identified massive tax evasion by sugar mills, operating in Sindh, Punjab and KP through under-reporting of stocks and fake sales. Therefore, it has been decided to carry out investigative audit of sugar manufacturer

Updated 12 Nov, 2019 07:38am

Customs puts Benami imports on its radar to curtail money laundering

Directorate of Intelligence and Investigation (DI&I), Customs Karachi has put Benami imports on its radar to curtail one of the major sources of money laundering. Talking to Business Recorder, Director Irfan Jawed said that Directorate has started investi

Updated 02 Nov, 2019 08:47am

Karachi and Lahore are poles apart

Karachi and Lahore are poles apart in terms of contribution of registered traders in the national kitty as latter only deposited income tax to Rs 567.65 million as compared to Rs 30.87 billion collected from the traders of former in FY 2018-19.

Published 01 Nov, 2019 12:00am

Fake documents: Non-customs vehicles being registered in MRAs

Non-customs paid vehicles are being registered in provincial Motor Registration Authorities (MRAs) in Karachi, Peshawar and Swat on fake documents; it was learnt. Sources said that transfer of residence, personal baggage or gift scheme was the only mechan

Published 25 Oct, 2019 12:00am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 31	279.03
USD PKR Interbank Buying / Jan 31	278.88
USD to Japanese Yen / Jan 31	154.72
USD to Swiss Franc / Jan 31	0.91
Pound Sterling to USD / Jan 31	1.24
Euro to USD / Jan 31	1.04

Stock	Volume
S&P 500 / Jan 30	6,071.17
Nasdaq / Jan 30	19,681.75
Hang Seng / Jan 30	20,225.11
Dow Jones / Jan 30	44,882.13
Germany DAX 30 / Jan 30	21,727.20
France CAC40 / Jan 30	7,941.64
India Sensex / Jan 31	77,500.57
Tokyo Nikkei / Jan 31	39,572.49

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 30	18,285
Petrol/Litre / Jan 31	256.13
Crude Oil USD/Barrel / Jan 31	72.68
Gold 10 Grams PKR / Jan 31	250,171
Gold Spot USD/Ounce / Jan 31	2,793
Diesel/Litre / Jan 31	260.95

Gainers
Losers
Leaders

Stock	Price
Kohinoor Ind. / Jan 31 Kohinoor Industries Limited(KOIL)	10.21 ▲ 1 (10.86%)
IGI Life Ins / Jan 31 IGI Life Insurance Limited(IGIL)	15.13 ▲ 1.38 (10.04%)
Sana Ind / Jan 31 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
Tariq Corporation / Jan 31 Tariq Corporation Limited(TCORP)	16.91 ▲ 1.54 (10.02%)
I.C.C. Ind. / Jan 31 ICC Industries Limited(ICCI)	15.72 ▲ 1.43 (10.01%)
Redco Textile / Jan 31 Redco Textiles Limited(REDCO)	24.17 ▲ 2.2 (10.01%)
Leather Up Ltd. / Jan 31 Leather Up Limited(LEUL)	53.74 ▲ 4.89 (10.01%)
Pak Leather / Jan 31 Pak Leather Crafts Limited(PAKL)	32.63 ▲ 2.97 (10.01%)
Dandot Cement / Jan 31 Dandot Cement Company Limited(DNCC)	16.48 ▲ 1.5 (10.01%)

Stock	Price
Blue-Ex Ltd / Jan 31 Blue-Ex Limited (GEM)(GEMBLUEX)	54.86 ▼ -6.1 (-10.01%)
D.M. Textile / Jan 31 D.M. Textile Mills Limited(DMTX)	63 ▼ -7 (-10%)
First Imrooz Mod. / Jan 31 First Imrooz Modaraba(FIMM)	189 ▼ -21 (-10%)
Power Cem(Pref) / Jan 31 Power Cement (Pref)(POWERPS)	10.41 ▼ -1.15 (-9.95%)
National Silk / Jan 31 The National Silk & Rayon Mills Limited(NSRM)	40.84 ▼ -4.51 (-9.94%)
Sec. Inv. Bank / Jan 31 Security Investment Bank Limited(SIBL)	7.83 ▼ -0.76 (-8.85%)
Shahtaj Sugar / Jan 31 Shahtaj Sugar Mills Limited(SHJS)	109.56 ▼ -10.44 (-8.7%)
Kohinoor Mills / Jan 31 Kohinoor Mills Limited(KML)	31.05 ▼ -2.9 (-8.54%)
F.Credit & Inv / Jan 31 First Credit and Investment Bank Limited(FCIBL)	7.28 ▼ -0.66 (-8.31%)

Stock	Volume
Cnergyico PK / Jan 31 Cnergyico PK Limited(CNERGY)	66,672,997 ▲ 0.14
Sui South Gas / Jan 31 Sui Southern Gas Company Limited(SSGC)	48,364,956 ▼ -1.33
WorldCall Telecom / Jan 31 Worldcall Telecom Limited(WTL)	36,344,486 ▼ -0.06
Waves Home Appliances / Jan 31 Waves Home Appliances Limited(WAVESAPP)	33,226,540 ▼ -0.77
Bank Makramah / Jan 31 Bank Makramah Limited(BML)	31,509,642 ▲ 0.04
B.O.Punjab / Jan 31 The Bank of Punjab(BOP)	17,873,860 ▲ 0.2
K-Electric Ltd. / Jan 31 K-Electric Limited(KEL)	16,969,744 ▼ -0.07
Pak Refinery / Jan 31 Pakistan Refinery Limited(PRL)	16,492,313 ▼ -0.57
Treet Battery / Jan 31 Treet Battery Limited(TBL)	15,390,342 ▲ 1.07

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