News stories for Muhammad Ali - Business Recorder

Muhammad Ali

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

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

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

Business & Finance

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

FBR establishes RSTMC to identify fake and flying invoices

Federal Board of Revenue (FBR) has established Regional Sales Tax Monitoring Cell (RSTMC) to identify the cases involved in fake and flying invoices, fake transactions & sales suppression. According to details, the decision was made after witnessing decli

Updated 19 Oct, 2019 07:20am

FBR establishes RSTMC to identify fake and flying invoices

Published 19 Oct, 2019 12:00am

Sports

Sarfaraz removed as captain in Test, T20 formats

Pakistan Cricket Board (PCB) has removed Sarfaraz Ahmed from the post of skipper in Test and T20I formats and appointed Azhar Ali as Test captain and Babar Azam as T20I captain.

Updated 19 Oct, 2019 07:07am

DGABI's ability to combat benami menace has come into question

Since its establishment three months ago, Directorate General Anti-Benami Initiative (DGABI) has filed only one reference against benami property out of 183 investigations, according to sources.

Published 17 Oct, 2019 12:00am

DGABI's ability to combat benami menace has come into question

Since its establishment three months ago, Directorate General Anti-Benami Initiative (DGABI) has filed only one reference against benami property out of 183 investigations, according to sources.

Published 17 Oct, 2019 12:00am

Sports

Exciting National T20 Cup event begins

The National T20 Cup will be commenced from October 13, 2019 (today) at Faisalabad's Iqbal Stadium. According to details, the tournament returns to the city of Faisalabad after eight seasons and it is expected to keep the spectators on the edge of their s

Published 13 Oct, 2019 12:00am

Sports

Bangladesh women cricket tour: training camp from October 13

Pakistan women team's training camp for the upcoming home series against Bangladesh has been scheduled from October 13 to 23 at the Lahore Country Club, Muridke. The purpose of the camp is to prepare the players for the important home series, which is the

Updated 12 Oct, 2019 05:12am

Japanese grant: Customs gets 3 fixed gantry scanners sans prescribed requirements

"Freely got; carelessly handle", this proverb clearly defines the mindset within the customs department as three fixed gantry scanners worth Rs 2.78 billion have been taken under the Japanese grant without fulfilling prescribed requirements.

Published 11 Oct, 2019 12:00am

Business & Finance

FBR's findings: Qaimkhani never filed tax return during his service in KMC

Liaquat Ali Khan Qaimkhani, who was recently arrested by the National Accountability Bureau (NAB) over embezzlement of billions of rupees as DG KMC Parks, has never filed income tax return during his service in KMC from 1986 to 2011; it is learnt here.

Published 08 Oct, 2019 12:00am

FBR's findings: Qaimkhani never filed tax return during his service in KMC

Published 08 Oct, 2019 12:00am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 17	278.60
USD PKR Interbank Buying / Dec 17	278.60
USD to Japanese Yen / Dec 17	153.56
USD to Swiss Franc / Dec 17	0.89
Pound Sterling to USD / Dec 17	1.27
Euro to USD / Dec 17	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
India Sensex / Dec 17	80,684.45
Tokyo Nikkei / Dec 17	39,164.26
Nasdaq / Dec 17	20,109.06
Hang Seng / Dec 17	19,815.30
FTSE 100 / Dec 17	8,195.20
Dow Jones / Dec 17	43,449.90
Germany DAX 30 / Dec 17	20,246.37

Item	Value
Crude Oil USD/Barrel / Dec 17	70.11
Karachi Cotton PKR/37.32 KG / Dec 17	17,585
Gold 10 Grams PKR / Dec 17	241,860
Gold Spot USD/Ounce / Dec 17	2,644.07
Cotton US¢/pound / Dec 17	68.53
Petrol/Litre / Dec 18	252.10

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.62 ▲ 0.92 (16.14%)
Dadabhoy Cement / Dec 18 Dadabhoy Cement Industries Limited(DBCI)	7.95 ▲ 0.84 (11.81%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.50 ▲ 0.45 (11.11%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Shaheen Ins. / Dec 18 Shaheen Insurance Company Limited(SHNI)	6.70 ▲ 0.61 (10.02%)
Nimir Resins / Dec 18 Nimir Resins Limited(NRSL)	35.16 ▲ 3.20 (10.01%)
Data Agro / Dec 18 Data Agro Limited(DAAG)	139.24 ▲ 12.66 (10.00%)
Diamond Ind. / Dec 18 Diamond Industries Limited(DIIL)	20.90 ▲ 1.90 (10.00%)

Stock	Price
Equity Modaraba / Dec 18 First Equity Modaraba(FEM)	3.01 ▼ -0.43 (-12.50%)
Dewan Textile / Dec 18 Dewan Textile Mills Limited(DWTM)	5.67 ▼ -0.77 (-11.96%)
Blue-Ex Ltd / Dec 18 Blue-Ex Limited (GEM)(GEMBLUEX)	37.76 ▼ -4.20 (-10.01%)
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
Din Tex. / Dec 18 Din Textile Mills Limited(DINT)	45.90 ▼ -5.10 (-10.00%)
J.K.Spinning / Dec 18 J.K. Spinning Mills Limited(JKSM)	58.50 ▼ -6.50 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Calcorp Ltd / Dec 18 Calcorp Limited(CASH)	26.22 ▼ -2.91 (-9.99%)
Sanghar Sugar / Dec 18 Sanghar Sugar Mills Limited(SANSM)	29.20 ▼ -3.15 (-9.74%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.10
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▼ -0.36
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	58,285,174 ▼ -0.27
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	57,202,972 ▲ 0.07
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▼ -0.65
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 1.20
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▲ 0.14
Hub Power Co. / Dec 18 The Hub Power Company Limited(HUBC)	33,289,968 ▼ -2.63
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	31,365,092 ▼ -0.10

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