News stories for Muhammad Ali - Business Recorder

Muhammad Ali

‘Misuse’ of EFS: Rs1.08bn tax evasion scam unearthed

KARACHI: The Directorate General of Post Clearance Audit (PCA) South has uncovered a massive tax evasion scam...

Updated 09 Mar, 2024 01:21pm

Business & Finance

Reduction in number of active taxpayers raises concerns

KARACHI: The Federal Board of Revenue (FBR) has reported a staggering 41 percent drop in the number of active...

Published 07 Mar, 2024 04:59am

Pakistan

3rd edition of DALFA cattle show inaugurated

KARACHI: The third edition of the annual DALFA Cattle Show, aimed at promoting Pakistan’s dairy, livestock, and...

Published 23 Feb, 2024 06:36am

Business & Finance

EFS: another tax ‘fraud’ detected

KARACHI: Another tax fraud, amounting to around Rs 358 million has been detected in the Export Facilitation Scheme...

Published 23 Feb, 2024 06:36am

Business & Finance

Around Rs358m another tax fraud detected in EFS

KARACHI: Another tax fraud, amounting to around Rs 358 million has been detected in the Export Facilitation Scheme...

Published 23 Feb, 2024 06:36am

Tax on windfall income case: FBR decides to engage legal counsel

KARACHI: In a significant development, the Federal Board of Revenue (FBR) has decided to engage legal counsel to...

Updated 22 Feb, 2024 09:12am

Markets

Textile unit commits Rs1.4bn tax ‘fraud’ by ‘misusing’ EFS

KARACHI: A textile unit, reportedly owned by political bigwigs, has committed around Rs 1.4 billion tax fraud by...

Updated 21 Feb, 2024 11:15am

Bank account attachments: FBR imposes curbs on tax recovery

KARACHI: The Federal Board of Revenue (FBR) has imposed restrictions on tax recovery through bank account...

Updated 20 Feb, 2024 09:33am

Business & Finance

Customs detects Rs27.5bn tax ‘evasion’

KARACHI: An alarming tax evasion scam has been detected by Directorate Post-Clearance Audit (PCA) South, revealing...

Published 16 Feb, 2024 06:02am

Pakistan

IHC’s restrictions impeding tax recovery efforts in Islamabad?

KARACHI: The field formations of the Federal Board of Revenue (FBR) are facing difficulties in executing tax ...

Published 15 Feb, 2024 05:39am

PARCO pipeline: Customs unearths ‘tunnel’ dug for stealing diesel

KARACHI: Customs Intelligence has busted a gang stealing non-duty paid diesel from the PARCO oil pipeline via a...

Updated 25 Jan, 2024 09:46am

Plugging revenue leakages: LTO deploys officers at Sindh sugar mills

KARACHI: The Large Taxpayers Office (LTO) has again deployed its officers at sugar mills in Sindh to monitor...

Updated 24 Jan, 2024 10:00am

Perspectives

Turning the table: how I made Rs1,200 from online scammers

Living in Karachi, we have become accustomed to muggers and online schemes trying to steal our money. But recently,...

Published 22 Jan, 2024 05:21pm

Ashgabat: In historic first, shipment under TIR convention cleared

KARACHI: In a historic development, Pakistan Customs in coordination with National Logistic Corporation (NLC)...

Updated 18 Jan, 2024 09:29am

Pakistan

Covid-19 preventative steps reinstated at major airports

KARACHI: Pakistan has reinstated COVID-19 preventative measures and restrictions at all major airports nationwide in...

Published 07 Jan, 2024 02:43am

Rs16bn money-laundering case: probe suspended

KARACHI: The Federal Board of Revenue (FBR) has reportedly suspended investigations against four shell companies...

Updated 06 Jan, 2024 05:18pm

Business & Finance

LTO crosses Rs1trn mark in six months

KARACHI: The Large Taxpayers Office (LTO) has set a new benchmark for tax collection by crossing Rs 1 trillion mark...

Published 04 Jan, 2024 05:41am

Business & Finance

FTO registers 8,128 complaints in 2023

KARACHI, January 2: The Federal Tax Ombudsman (FTO) registered a record number of 8,128 complaints from taxpayers in...

Published 03 Jan, 2024 05:32am

Pakistan

PCAA delivers key projects worth Rs18bn in 2023

KARACHI: Pakistan Civil Aviation Authority (PCAA) has successfully delivered some key infrastructure projects worth...

Published 30 Dec, 2023 06:28am

Solar panel imports: PCA South uncovers another money laundering offence

KARACHI: The Directorate of Post Clearance Audit (PCA) South has uncovered another trade-based money laundering...

Updated 29 Dec, 2023 01:47pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 21	278.03
USD PKR Interbank Buying / Nov 21	277.78
USD to Japanese Yen / Nov 21	154.92
USD to Swiss Franc / Nov 21	0.88
Pound Sterling to USD / Nov 21	1.26
Euro to USD / Nov 21	1.05

Stock	Volume
S&P 500 / Nov 20	5,917.11
Nasdaq / Nov 20	18,966.14
Dow Jones / Nov 20	43,408.47
India Sensex / Nov 21	77,137.20
Tokyo Nikkei / Nov 21	38,026.17
Hang Seng / Nov 21	19,620.49
FTSE 100 / Nov 21	8,069.57
Germany DAX 30 / Nov 21	18,942.65

Item	Value
Petrol/Litre / Nov 21	248.38
Crude Oil USD/Barrel / Nov 21	69.38
Karachi Cotton PKR/37.32 KG / Nov 21	17,785
Gold 10 Grams PKR / Nov 21	238,340
Gold Spot USD/Ounce / Nov 21	2,662.71
Diesel/Litre / Nov 21	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▼ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▼ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▼ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▲ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▲ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▲ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Nov 21 K-Electric Limited(KEL)	174,389,145 ▲ 0.00
Hascol Petrol / Nov 21 Hascol Petroleum Limited(HASCOL)	63,973,243 ▲ 0.00
Kohinoor Spining / Nov 21 Kohinoor Spinning Mills Limited(KOSM)	62,996,737 ▲ 0.00
Aisha Steel Mill / Nov 21 Aisha Steel Mills Limited(ASL)	48,137,561 ▲ 0.00
Waves Home Appliances / Nov 21 Waves Home Appliances Limited(WAVESAPP)	43,506,391 ▲ 0.00
Lotte Chemical / Nov 21 Lotte Chemical Pakistan Limited(LOTCHEM)	40,852,960 ▲ 0.00
Telecard Limited / Nov 21 Telecard Limited(TELE)	36,937,252 ▲ 0.00
Cnergyico PK / Nov 21 Cnergyico PK Limited(CNERGY)	31,401,025 ▲ 0.00
WorldCall Telecom / Nov 21 Worldcall Telecom Limited(WTL)	31,346,592 ▲ 0.00

Markets →

Budget 2024-25: income tax calculator for FY25

Most Popular