News stories for Sohail Sarfraz

Sohail Sarfraz

Additional tax on windfall income, profits, gains: Banks given Nov 30 deadline to make payment

FBR specifies that the rate of tax for the purpose of the said section 99D shall be 40 percent

Updated 23 Nov, 2023 09:55am

Business & Finance

Manufacturing premises: FBR refuses DA to IR staff

ISLAMABAD: The Federal Board of Revenue (FBR) has refused to grant daily allowance (DA) to the officers/ staff of...

Published 23 Nov, 2023 03:19am

Business & Finance

Foreign ‘surrogate firms’: SECP restricts cos from entering into deals

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has restricted all companies from entering into...

Published 22 Nov, 2023 05:48am

Business & Finance

Foreign currency deals during 2021, 2022: FBR to impose 40pc additional tax on windfall profits of banks

ISLAMABAD: The Federal Board of Revenue (FBR) will shortly issue a statutory regulatory order (SRO) to impose 40...

Published 22 Nov, 2023 05:48am

Tax incentives for aviation sector on the cards

ISLAMABAD: The caretaker government is likely to announce new tax incentives/ concessions for the aviation sector to...

Updated 21 Nov, 2023 09:11am

Customs’ values on imported almonds, walnuts revised

ISLAMABAD: Directorate General of Customs Valuation Karachi has revised customs values on the import of almonds and...

Updated 21 Nov, 2023 08:46am

Working on contract basis: Ministry asked to serve notices on 10 judicial members

ISLAMABAD: The Chief Justice Islamabad High Court (IHC) has observed that non-filing of replies/ comments by ten...

Updated 20 Nov, 2023 09:04am

Pakistan

CCP inquiry against beverage company remains stalled

ISLAMABAD: A Competition Commission of Pakistan’s enquiry concerning deceptive marketing practices employed by a...

Published 19 Nov, 2023 03:14am

Non-filers likely to face prospect of SIM disablment, gas/power suspension

ISLAMABAD: Over 250 District Taxation Officers of the Federal Board of Revenue (FBR) are expected to directly...

Updated 19 Nov, 2023 10:19am

Reform plan: Govt likely to set up ‘Customs Board’

ISLAMABAD: The caretaker government is likely to constitute a special Customs Board to manage the affairs of...

Updated 19 Nov, 2023 05:08pm

Non-filers: DTOs authorised to disconnect utility connections

ISLAMABAD: The government on Friday established 145 District Tax Offices (DTOs) across the country for bringing 1.5...

Updated 18 Nov, 2023 08:48pm

Business & Finance

10 cigarette manufacturers: Ministry asks FBR to suspend brand registration

ISLAMABAD: The Ministry of National Health Services has asked the Federal Board of Revenue (FBR) to take action and...

Published 18 Nov, 2023 06:03am

Business & Finance

Afghan transit trade: Four-member body to probe abnormal increase in volume of goods

ISLAMABAD: Caretaker Prime Minister Anwaarul Haq has constituted a four-member committee to investigate abnormal...

Published 17 Nov, 2023 06:06am

Business & Finance

Challenge of smuggling from Iran, Afghanistan: Govt urged to allow steel import only by sea

ISLAMABAD: The documented steel sector on Thursday proposed the caretaker government to allow import of steel only...

Published 17 Nov, 2023 06:06am

Business & Finance

Rs12bn tax refund ‘fraud’: Alvi directs FBR to restore probe against MTL

ISLAMABAD: President Arif Alvi has directed the Federal Board of Revenue (FBR) to restore investigation against M/s...

Published 16 Nov, 2023 05:39am

Business & Finance

Windfall income of banks: SRO will be issued to impose 40pc additional tax

ISLAMABAD: The Federal Board of Revenue (FBR) will issue a Statutory Regulatory Order (SRO) to impose 40 percent...

Published 16 Nov, 2023 05:39am

Business & Finance

Verification of IT refund claims: FTO asks FBR to take uniform approach

ISLAMABAD: Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to issue necessary...

Published 15 Nov, 2023 06:09am

Forex deals: Tax on windfall profits of banks likely

ISLAMABAD: The government is likely to invoke provisions of the Finance Act, 2023, to impose tax on windfall...

Updated 15 Nov, 2023 09:49am

Business & Finance

Insurance sector: SECP drafts five-year strategic plan

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has drafted a five-year strategic plan for...

Published 15 Nov, 2023 06:09am

Efforts afoot to plug revenue leakage, PM told

ISLAMABAD: The Federal Board of Revenue (FBR), Monday, informed caretaker Prime Minister Anwaar ul Haq Kakar that...

Updated 14 Nov, 2023 08:45am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 6	278.68
USD PKR Interbank Buying / Jan 6	278.48
USD to Japanese Yen / Jan 6	157.66
USD to Swiss Franc / Jan 6	0.91
Pound Sterling to USD / Jan 6	1.25
Euro to USD / Jan 6	1.03

Stock	Volume
S&P 500 / Jan 3	5,942.47
Nasdaq / Jan 3	19,621.68
Dow Jones / Jan 3	42,732.13
India Sensex / Jan 6	78,130.84
Tokyo Nikkei / Jan 6	39,307.05
Hang Seng / Jan 6	19,688.29
FTSE 100 / Jan 6	8,215.60
Germany DAX 30 / Jan 6	19,991.90

Item	Value
Crude Oil USD/Barrel / Jan 6	73.66
Karachi Cotton PKR/37.32 KG / Jan 6	18,285
Gold 10 Grams PKR / Jan 6	235,768
Gold Spot USD/Ounce / Jan 6	2,627.79
Cotton US¢/pound / Jan 6	67.88
Petrol/Litre / Jan 7	252.66

Gainers
Losers
Leaders

Stock	Price
Goodluck Ind. / Jan 6 Good Luck Industries Ltd.(GIL)	1,283.35 ▲ 85.86 (7.17%)
Pak Elektron (Pref) / Jan 6 Pak Elektron Limited (Preference)(PELPS)	12.44 ▲ 0.34 (2.81%)
786 Invest Ltd / Jan 6 786 Investments Limited(786)	8.64 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jan 6 Al-Abbas Sugar Mills Limited(AABS)	739.99 ▼ 0.00 (0.00%)
Agro Allianz / Jan 6 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jan 6 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jan 6 Ali Asghar Textile Mills Limited(AATM)	86.99 ▼ 0.00 (0.00%)
Allied Bank / Jan 6 Allied Bank Limited(ABL)	137.75 ▼ 0.00 (0.00%)
Abbott Lab. / Jan 6 Abbott Laboratories (Pakistan) Limited(ABOT)	1,282.05 ▼ 0.00 (0.00%)

Stock	Price
Javedan Corp.(Pref) / Jan 6 Javedan Corp.(Pref)(JVDCPS)	19 ▼ -1.00 (-5.00%)
Dawood Lawrencepur / Jan 6 Dawood Lawrencepur Limited(DLL)	250.10 ▼ -4.84 (-1.90%)
786 Invest Ltd / Jan 6 786 Investments Limited(786)	8.64 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jan 6 Al-Abbas Sugar Mills Limited(AABS)	739.99 ▲ 0.00 (0.00%)
Agro Allianz / Jan 6 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jan 6 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jan 6 Ali Asghar Textile Mills Limited(AATM)	86.99 ▲ 0.00 (0.00%)
Allied Bank / Jan 6 Allied Bank Limited(ABL)	137.75 ▲ 0.00 (0.00%)
Abbott Lab. / Jan 6 Abbott Laboratories (Pakistan) Limited(ABOT)	1,282.05 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Jan 6 Worldcall Telecom Limited(WTL)	73,230,816 ▲ 0.00
Cnergyico PK / Jan 6 Cnergyico PK Limited(CNERGY)	57,326,691 ▲ 0.00
Fauji Cement / Jan 6 Fauji Cement Company Limited(FCCL)	54,376,196 ▲ 0.00
Fauji Foods Ltd / Jan 6 Fauji Foods Limited(FFL)	48,486,153 ▲ 0.00
Pace (Pak) Ltd. / Jan 6 Pace (Pakistan) Limited(PACE)	47,351,133 ▲ 0.00
K-Electric Ltd. / Jan 6 K-Electric Limited(KEL)	47,018,900 ▲ 0.00
Bank Makramah / Jan 6 Bank Makramah Limited(BML)	34,268,257 ▲ 0.00
Pak Elektron / Jan 6 Pak Elektron Limited(PAEL)	32,625,743 ▲ 0.00
B.O.Punjab / Jan 6 The Bank of Punjab(BOP)	26,761,290 ▲ 0.00

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