News stories for Muhammad Ali - Business Recorder

Muhammad Ali

Business & Finance

FBR announces reparation to family of late custom deputy collector

The Federal Board of Revenue (FBR) has announced reparation to the bereaved family of deputy collector Dr. Abdul Qu

Updated 15 Jul, 2019 11:09am

Markets

400 containers carrying solar panels stuck at ports

Over 400 containers of solar panels, invertors and other equipment used in solar technology are stuck at ports, due to delayed implementation of SRO 604/2019. This was revealed in a letter sent to the Secretary for Commerce by FPCCI Vice President Arshad

Published 10 Jul, 2019 12:00am

Amended rules of ST registration: new applicants facing problems as no mechanism finalised

No new sales tax registration has been granted since July 1, 2019 as Federal Board of Revenue (FBR) hasn't finalized the mechanism to implement the amendment made in sales tax registration rules through Finance Act 2019, creating difficulties for new appl

Published 09 Jul, 2019 12:00am

Commercial and industrial meters: unregistered persons to be issued notices

Federal Board of Revenue (FBR) is going to issue notices to the unregistered persons having commercial and industrial meters of gas and power across the country for broadening of tax base. According to sources, the Broadening of Tax Base (BTB) Zone in Kar

Published 08 Jul, 2019 12:00am

Commercial and industrial meters: unregistered persons to be issued notices

Published 08 Jul, 2019 12:00am

Commercial and industrial meters: unregistered persons to be issued notices

Published 08 Jul, 2019 12:00am

Importers reluctant to get their consignments cleared

A large number of consignments of commercial imports are stuck at port as the importers are reluctant to get their consignments cleared after the inclusion of finished articles in the Third Schedule of Sales Tax Act, 1990 through Finance Act 2019. In fede

Published 06 Jul, 2019 12:00am

Importers reluctant to get their consignments cleared

Published 06 Jul, 2019 12:00am

Importers reluctant to get their consignments cleared

Published 06 Jul, 2019 12:00am

Business & Finance

Implementation on Sales Tax, Federal Excise Budgetary leave Commercial importers in panic

KARACHI: A large number of consignments of commercial importer are struck at port as government included finished a

Updated 09 Jul, 2019 09:05am

Finance bill: Typo causes confusion among car assemblers

A typographical error in the Finance Bill 2019 has caused deep confusion among local car assemblers, provincial excise and taxation departments, dealers and the owners of motor vehicles. The Finance Bill 2019 stated that the mode of advance tax on registr

Published 03 Jul, 2019 12:00am

Finance bill: Typo causes confusion among car assemblers

Published 03 Jul, 2019 12:00am

Finance bill: Typo causes confusion among car assemblers

Published 03 Jul, 2019 12:00am

Advertisements in newspapers, periodicals: SRB imposes 3 percent sales tax

The Sindh government has imposed 3 percent sales tax on the advertisements in newspapers and periodicals from July 1, 2019. According to a notification issued by Sindh Revenue Board (SRB), the Sindh government has amended the rule 34 of Sindh Sales Tax on

Published 02 Jul, 2019 12:00am

Advertisements in newspapers, periodicals: SRB imposes 3 percent sales tax

Published 02 Jul, 2019 12:00am

Advertisements in newspapers, periodicals: SRB imposes 3 percent sales tax

Published 02 Jul, 2019 12:00am

Business & Finance

DEC seizes 225 gm heroin from Jinnah Airport Karachi

The Drug Enforcement Cell (DEC) has seized 225 grams heroin powder at Jinnah International Airport in Karachi. Acco

Published 20 Jun, 2019 01:59pm

Owners of undeclared assets: FBR set to kick off massive crackdown

Federal Board of Revenue (FBR) is planning to kick off massive crackdown against the owners of undeclared moveable and immoveable assets except the beneficiaries of amnesty scheme to be ended by June 30, 2019. Tax experts said that the amnesty scheme anno

Published 20 Jun, 2019 12:00am

Markets

Budget 2019-20: Tax relief likely on import or lease of aircraft

The federal government is likely to exempt duty and taxes on the import or lease of aircraft in coming budget 2019-20; it was learnt. According to sources, the aviation division in its National Aviation Policy 2019 proposed to the government to exempt dut

Published 08 Jun, 2019 12:00am

Markets

Budget 2019-20: Tax relief likely on import or lease of aircraft

Published 08 Jun, 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

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