News stories for Muhammad Ali - Business Recorder

Muhammad Ali

PIA’s governance ‘flaws’ identified by SAEP

KARACHI: The controversial sale of five Boeing 777 engines at below-market prices and the grounding of two aircraft...

Updated 06 Nov, 2024 08:28am

Hefty penalty imposed on manufacturer: FBR begins scrutinising cement sector

KARACHI: The Federal Board of Revenue (FBR) has started scrutinizing the cement sector after imposing a hefty...

Updated 29 Oct, 2024 09:29am

Pakistan

Over Rs23m seized goods ‘vanish’ from airport

KARACHI: The confiscated goods worth over Rs. 23 million have been pilfered from the airport terminal under the nose...

Published 23 Oct, 2024 06:22am

Business & Finance

Over 7 times the value: Importer accused of selling gears to defence facility

KARACHI: A Karachi-based importer allegedly sold imported mechanical equipment to one of the defense manufacturing...

Published 11 Oct, 2024 06:30am

Pakistan

Passengers from small cities: DG CAA vows improved travelling facilities

KARACHI: In a significant move to enhance air travel connectivity across Pakistan, the Director General of the Civil...

Published 08 Oct, 2024 06:46am

Gang exploits dormant taxpayer identities to commit Rs81bn fraud

KARACHI: A cybercrime gang, allegedly facilitated by current and former PRAL and FBR officials, has exploited...

Updated 08 Oct, 2024 02:38pm

Confiscated goods worth millions stolen from KICT, QICT

KARACHI: A huge quantity of confiscated goods including machine parts, electronic items and aluminium sheets worth...

Updated 06 Oct, 2024 10:00am

Business & Finance

Customs uncovers over Rs35m tax evasion thru mis-declaration of soyabean products

KARACHI: The Collectorate of Customs, Appraisement (SAPT), Karachi has uncovered over Rs35 million tax evasion...

Published 01 Oct, 2024 06:49am

Business & Finance

Cement co found involved in massive tax fraud

KARACHI: A top cement company is involved in a huge tax fraud scheme amounting to over Rs. 11 billion through a ...

Published 28 Sep, 2024 07:16am

Pakistan

Private airline’s flight narrowly averts disaster

KARACHI: A Fly Jinnah aircraft narrowly averted disaster when it safely executed an emergency landing after a cargo...

Updated 24 Sep, 2024 03:12pm

Business & Finance

PQA operations: AGP flags potential violations of policy, rules

KARACHI: A recent audit of the Port Qasim Authority (PQA) has revealed potential violations of Pakistan’s Merchant...

Published 19 Sep, 2024 06:37am

IMF deal to be made public: Aurangzeb

Outlines key aspects of the latest IMF agreement

Updated 14 Sep, 2024 09:37pm

Capacity tariff of Chinese IPPs: China appears unwilling to renegotiate?

Addressing APNS gathering, Chinese Ambassador to Pakistan Jiang Zaidong says IPPs helped resolve power issues in Pakistan

Updated 06 Sep, 2024 11:23am

Business & Finance

Major sales tax fraud unearthed

KARACHI: The Directorate of Internal Audit (Southern Region) has uncovered a major sales tax fraud involving Rs 11.3...

Published 16 Aug, 2024 06:56am

Business & Finance

PCA South uncovers Rs551m EFS scam in textile unit

KARACHI: The Post Clearance Audit (PCA) South has unveiled a colossal fiscal fraud and Export Facilitation Scheme...

Published 13 Aug, 2024 07:02am

Nine iron, steel importers laundered money

KARACHI: Some nine iron and steel importers have been caught in a massive money laundering worth a staggering Rs 9.7...

Updated 10 Aug, 2024 04:23pm

Mobile SIM blocking: KTBA urges FBR to update list on weekly basis

KARACHI: The Karachi Tax Bar Association (KTBA) has requested the Federal Board of Revenue (FBR) to update the SIM...

Updated 09 Aug, 2024 09:17am

Business & Finance

Pak Suzuki Motor Co shuts down plant in Karachi

KARACHI: Pak Suzuki Motor Company has been forced to shut down its manufacturing plant in Karachi due to a prolonged...

Published 09 Aug, 2024 06:56am

Business & Finance

Taxpayers face problems at e-Sahulat centres

KARACHI: The Sales tax registered taxpayers are encountering difficulties in obtaining biometric verification from...

Published 27 Jul, 2024 06:18am

AGP finds Rs33bn discrepancies in tax receipts

KARACHI: The Auditor General of Pakistan (AGP) has uncovered significant discrepancies exceeding Rs. 33,500 million...

Updated 25 Jul, 2024 09:33am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 31	278.65
USD PKR Interbank Buying / Dec 31	278.45
USD to Japanese Yen / Dec 31	156.20
USD to Swiss Franc / Dec 31	0.90
Pound Sterling to USD / Dec 31	1.26
Euro to USD / Dec 31	1.04

Stock	Volume
S&P 500 / Dec 30	5,906.94
Tokyo Nikkei / Dec 30	39,894.54
Nasdaq / Dec 30	19,486.79
Dow Jones / Dec 30	42,573.73
Germany DAX 30 / Dec 30	19,909.14
India Sensex / Dec 31	78,017.14
Hang Seng / Dec 31	20,059.95
FTSE 100 / Dec 31	8,125.32

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 30	17,785
Gold 10 Grams PKR / Dec 30	241,430.80
Crude Oil USD/Barrel / Dec 31	71.59
Gold Spot USD/Ounce / Dec 31	2,605.88
Cotton US¢/pound / Dec 31	68.74
Petrol/Litre / Jan 1	252.10

Gainers
Losers
Leaders

Stock	Price
Hira Textile / Dec 31 Hira Textile Mills Limited(HIRAT)	3.75 ▲ 0.45 (13.64%)
Pace (Pak) Ltd. / Dec 31 Pace (Pakistan) Limited(PACE)	8.33 ▲ 1.00 (13.64%)
Tariq Corp.Pref. / Dec 31 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7.88 ▲ 0.88 (12.57%)
Pak Int.Bulk / Dec 31 Pakistan International Bulk Terminal(PIBTL)	9.38 ▲ 1.00 (11.93%)
Gulshan Sp. / Dec 31 Gulshan Spinning Mills Limited(GSPM)	4.47 ▲ 0.47 (11.75%)
Sec. Inv. Bank / Dec 31 Security Investment Bank Limited(SIBL)	9.99 ▲ 1.00 (11.12%)
LSE Financial Serv. / Dec 31 LSE Financial Services Limited(LSEFSL)	15.70 ▲ 1.43 (10.02%)
Sindh Abadgar / Dec 31 Sindh Abadgar's Sugar Mills Limited(SASML)	39.33 ▲ 3.58 (10.01%)
Ali Asghar / Dec 31 Ali Asghar Textile Mills Limited(AATM)	65.45 ▲ 5.95 (10.00%)

Stock	Price
First Capital Equities / Dec 31 First Capital Equities Limited(FCEL)	5.12 ▼ -0.98 (-16.07%)
Pak Agro Pack. (GEM) / Dec 31 Pak Agro Packaging Limited (GEM)(GEMPAPL)	7.60 ▼ -0.90 (-10.59%)
Nimir Resins / Dec 31 Nimir Resins Limited(NRSL)	30.76 ▼ -3.42 (-10.01%)
Frontier Ceram / Dec 31 Frontier Ceramics Limited(FRCL)	42.91 ▼ -4.77 (-10.00%)
Fateh Sports / Dec 31 Fateh Sports Wear Limited(FSWL)	78.50 ▼ -8.72 (-10.00%)
Khairpur Sug. / Dec 31 Khairpur Sugar Mills Limited(KPUS)	203.81 ▼ -22.65 (-10.00%)
Noon Sugar / Dec 31 Noon Sugar Mills Limited(NONS)	81.31 ▼ -9.03 (-10.00%)
Shahmurad Sugar / Dec 31 Shahmurad Sugar Mills Limited(SHSML)	425.82 ▼ -47.31 (-10.00%)
Gammon Pak / Dec 31 Gammon Pakistan Limited(GAMON)	45.59 ▼ -5.06 (-9.99%)

Stock	Volume
Cnergyico PK / Dec 31 Cnergyico PK Limited(CNERGY)	212,308,919 ▲ 0.42
WorldCall Telecom / Dec 31 Worldcall Telecom Limited(WTL)	111,551,930 ▼ -0.05
B.O.Punjab / Dec 31 The Bank of Punjab(BOP)	84,182,656 ▲ 0.28
Pace (Pak) Ltd. / Dec 31 Pace (Pakistan) Limited(PACE)	66,177,767 ▲ 1.00
Fauji Foods Ltd / Dec 31 Fauji Foods Limited(FFL)	55,597,038 ▲ 0.69
Pak Refinery / Dec 31 Pakistan Refinery Limited(PRL)	50,017,805 ▲ 3.54
Silk Bank Ltd / Dec 31 Silkbank Limited(SILK)	48,777,302 ▼ -0.02
K-Electric Ltd. / Dec 31 K-Electric Limited(KEL)	45,320,218 ▲ 0.24
Pak Elektron / Dec 31 Pak Elektron Limited(PAEL)	36,348,761 ▼ -0.91

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