News stories for Muhammad Ali - Business Recorder

Muhammad Ali

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

Pakistan

Rightsizing initiative: Five ministries given July 12 deadline to respond

KARACHI: Five federal ministries have been identified as the initial focus of a comprehensive rightsizing initiative...

Published 11 Jul, 2024 07:37am

Pakistan

Luggage dispute: PIA country manager held in Bahrain

KARACHI: The country manager of Pakistan International Airlines (PIA) in Bahrain has been arrested by Bahraini...

Published 09 Jul, 2024 05:40am

Business & Finance

Tax fraud unearthed in a Karachi textile unit

KARACHI: The Directorate of Post Clearance Audit (PCA) South has “exposed” a large-scale tax fraud worth ...

Published 06 Jul, 2024 06:48am

FBR, PRAs at loggerheads over harmonization of tax collection

KARACHI: A deepening rift between federal and provincial tax authorities is threatening to undermine efforts to...

Updated 03 Jul, 2024 09:19am

Pakistan

Airports outsourcing: UAE delegation due on 24th

KARACHI: After Saudi Arabia and Qatar, United Arab Emirates (UAE) has shown keen interest in acquiring major...

Published 22 Jun, 2024 06:47am

Business & Finance

Glitch in IRIS portal: Taxpayers unable to submit applications

KARACHI: A glitch in the IRIS portal has made it impossible for the registered taxpayers to submit applications to...

Published 11 Jun, 2024 03:17am

Lack of coordination between depts: FBR’s efforts aimed at broadening tax base hit a snag

KARACHI: The Federal Board of Revenue’s efforts to broaden the tax base have hit a snag due to a lack of...

Updated 05 Jun, 2024 09:35am

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

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