News stories for Muhammad Ali - Business Recorder

'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

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

Business & Finance

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

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

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

Published 19 Oct, 2019 12:00am

FBR establishes RSTMC to identify fake and flying invoices

Updated 19 Oct, 2019 07:20am

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

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 28	279.70
USD PKR Interbank Buying / Feb 28	279.50
USD to Japanese Yen / Feb 28	150.63
USD to Swiss Franc / Feb 28	0.90
Pound Sterling to USD / Feb 28	1.26
Euro to USD / Feb 28	1.10
UK LIBOR % / Feb 28	4.96

Stock	Volume
S&P 500 / Feb 28	5,954.50
India Sensex / Feb 28	73,198.10
Tokyo Nikkei / Feb 28	37,155.50
Nasdaq / Feb 28	18,847.28
Hang Seng / Feb 28	22,941.32
FTSE 100 / Feb 28	8,809.74
Dow Jones / Feb 28	43,840.91
Germany DAX 30 / Feb 28	22,551.43
France CAC40 / Feb 28	8,111.63

Item	Value
Crude Oil USD/Barrel / Feb 28	69.76
Karachi Cotton PKR/37.32 KG / Feb 28	17,785
Gold 10 Grams PKR / Feb 28	257,639
Gold Spot USD/Ounce / Feb 28	2,857.83
Cotton US¢/pound / Feb 28	65.25
Petrol/Litre / Mar 2	255.63
Diesel/Litre / Mar 2	258.64

Gainers
Losers
Leaders

Stock	Price
Beco Steel Ltd / Feb 28 Beco Steel Limited(BECO)	9.60 ▲ 1 (11.63%)
Merit Packaging / Feb 28 Merit Packaging Limited(MERIT)	10.59 ▲ 1 (10.43%)
Internationl Packaging Films / Feb 28 Internationl Packaging Films Limited(IPAK)	22.28 ▲ 2.03 (10.02%)
The Thal Ind.Corp. / Feb 28 The Thal Industries Corporation Limited(TICL)	424.64 ▲ 38.6 (10%)
S.S.Oil / Feb 28 S.S.Oil Mills Limited(SSOM)	88.33 ▲ 8.03 (10%)
Sanghar Sugar / Feb 28 Sanghar Sugar Mills Limited(SANSM)	49.60 ▲ 4.51 (10%)
Khyber Tobacco / Feb 28 Khyber Tobacco Company Limited(KHTC)	302.01 ▲ 27.46 (10%)
Fateh Sports / Feb 28 Fateh Sports Wear Limited(FSWL)	85.72 ▲ 7.79 (10%)
AGP Limited / Feb 28 AGP Limited(AGP)	189.72 ▲ 17.25 (10%)
Power Cem(Pref) / Feb 28 Power Cement (Pref)(POWERPS)	14.11 ▲ 1.28 (9.98%)

Stock	Price
First Elite Cap.Mod / Feb 28 First Elite Capital Modaraba(FECM)	7.40 ▼ -0.97 (-11.59%)
Kohinoor Energy / Feb 28 Kohinoor Energy Limited(KOHE)	22.59 ▼ -2.51 (-10%)
Dadex Eternit / Feb 28 Dadex Eternit Limited(DADX)	73.05 ▼ -8.12 (-10%)
EMCO Industries / Feb 28 Emco Industries Limited(EMCO)	25.66 ▼ -2.85 (-10%)
Pak Datacom / Feb 28 Pak Datacom Limited(PAKD)	94.84 ▼ -10.53 (-9.99%)
At-Tahur Ltd. / Feb 28 At-Tahur Limited(PREMA)	29.56 ▼ -3.28 (-9.99%)
Trust Sec.& Brok. / Feb 28 Trust Securities & Brokerage Limited(TSBL)	11.58 ▼ -1.27 (-9.88%)
Data Agro / Feb 28 Data Agro Limited(DAAG)	88 ▼ -9.64 (-9.87%)
S.G.Power / Feb 28 S.G. Power Limited(SGPL)	9.12 ▼ -0.98 (-9.7%)
Dewan Textile / Feb 28 Dewan Textile Mills Limited(DWTM)	7.70 ▼ -0.76 (-8.98%)

Stock	Volume
Cnergyico PK / Feb 28 Cnergyico PK Limited(CNERGY)	71,837,021 ▼ -0.21
Pak Int.Bulk / Feb 28 Pakistan International Bulk Terminal(PIBTL)	51,942,475 ▲ 0.64
WorldCall Telecom / Feb 28 Worldcall Telecom Limited(WTL)	42,417,350 ▼ -0.04
National Bank / Feb 28 National Bank of Pakistan(NBP)	27,430,703 ▲ 3.96
GhaniGlobalGlass / Feb 28 Ghani Global Glass Limited(GGGL)	21,659,838 ▼ -0.15
At-Tahur Ltd. / Feb 28 At-Tahur Limited(PREMA)	17,624,004 ▼ -3.28
Maple Leaf Cement / Feb 28 Maple Leaf Cement Factory Limited(MLCF)	16,353,261 ▲ 2.21
Sui North Gas / Feb 28 Sui Northern Gas Pipelines Limited(SNGP)	15,824,842 ▲ 1.11
Sui South Gas / Feb 28 Sui Southern Gas Company Limited(SSGC)	14,522,331 ▼ -0.7
B.O.Punjab / Feb 28 The Bank of Punjab(BOP)	13,562,631 ▼ -0.09

Markets →

Most Popular