News stories for Sohail Sarfraz

Sohail Sarfraz

CCP issues report on state of competition in power sector: Discos asked to strengthen MIRAD for better business planning

Report highlights significant presence and impact of state-owned enterprises on competition within the power sector

Updated 09 Nov, 2024 02:59pm

FBR will impose new surcharge on fossil fuels

ISLAMABAD: The Federal Board of Revenue (FBR) will impose a new surcharge on fossil fuels to generate additional...

Updated 09 Nov, 2024 02:59pm

Tax collection decreases 21.5pc in 2023-24

ISLAMABAD: The income tax collection from efforts of the tax officials of the Federal Board of Revenue (FBR) has...

Updated 08 Nov, 2024 09:36am

15 sectors contribute 62.4pc of domestic sales tax revenue

ISLAMABAD: A significant 62.4 percent of the domestic sales tax revenue was contributed by 15 sectors including...

Updated 08 Nov, 2024 09:38am

Tax exemptions in FY24 amounted to Rs3.8trn: FBR

Report by FBR shows Income Tax expenditure was Rs 476.96 billion (6.66 percent of FBR’s collection, 12.30 percent of total expenditure and 0.57 percent of GDP)

Updated 08 Nov, 2024 09:58am

Tax-to-GDP ratio drastically down in 2023-24

ISLAMABAD: The Tax-to-Gross Domestic Product (GDP) ratio drastically decreased from 9.22 percent in 2021-22 to 8.77...

Updated 08 Nov, 2024 09:41am

Business & Finance

Volumes of market leader cigarette making co significantly decline

ISLAMABAD: The volumes of market leader cigarette manufacturing company significantly declined from 7.1 billion...

Published 08 Nov, 2024 06:41am

FTO’s office sees 67pc spike in complaints against FBR

ISLAMABAD: The number of complaints filed by the taxpayers against the Federal Board of Revenue (FBR) with the...

Updated 07 Nov, 2024 09:19am

PRAL & FBR staff found involved: A dormant account used for Rs1.625trn fake supplies?

ISLAMABAD: A gang of cybercriminals illegally used the dormant account of a retired armed forces personnel and made...

Updated 07 Nov, 2024 03:27pm

Pakistan

Judicial intervention: IHC reinforces CCP’s autonomy in conducting probes without threat

ISLAMABAD: The Islamabad High Court (IHC) has reinforced the Competition Commission of Pakistan’s autonomy in...

Published 06 Nov, 2024 06:22am

FBR acquiesces to changes in ‘Tajir Dost Scheme’

ISLAMABAD: The Federal Board of Revenue (FBR) has agreed in principle major changes in the “Tajir Dost Scheme” for...

Updated 06 Nov, 2024 08:26am

Business & Finance

CCP implements comprehensive legal reforms

ISLAMABAD: In a major step to promote fair competition and enhance market transparency, the Competition Commission ...

Published 06 Nov, 2024 05:50am

Business & Finance

Tax collectors: FBR special team to develop new kind of ‘dash board’

ISLAMABAD: The Federal Board of Revenue (FBR) has constituted a special team to develop a new kind of “dash...

Published 05 Nov, 2024 03:30am

Business & Finance

2-day start-up summit in Karachi from 11th: SECP acts to create platform for entrepreneurial ecosystem

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has organized Pakistan Start-up Summit from...

Published 05 Nov, 2024 03:30am

FBR chalks out steps to reduce anticipated Q2 collection shortfall

ISLAMABAD: The Federal Board of Revenue (FBR) has chalked out short-term and long-term measures to reduce...

Updated 04 Nov, 2024 03:09pm

FBR to give cash awards to Inland Revenue officials

ISLAMABAD: The Federal Board of Revenue (FBR) will give cash rewards to the Inland Revenue officials as directed by...

Updated 03 Nov, 2024 09:54am

Business & Finance

MTBA concerned about theft of non-duty paid cigarettes

ISLAMABAD: Multan Tax Bar Association (MTBA) has expressed grave concern over the disappearance of at least 300...

Published 03 Nov, 2024 06:34am

CFOs of insurance companies: SECP revises eligibility criteria

Under the new criteria, Fellow or Associate member of the Casualty Actuarial Society or the Institute of Actuaries in England or Society of Actuaries in the United States of America with at least 5 years of managerial experience shall also be eligible

Updated 03 Nov, 2024 10:40pm

LHC backs CCP’s role in regulating competition

ISLAMABAD: In a landmark decision, the Lahore High Court, led by Justice Jawad Hassan, has upheld the validity of...

Updated 02 Nov, 2024 09:47am

Pakistan

Complainant is a successful bidder: FTO directs FBR to facilitate delivery of car

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

Published 01 Nov, 2024 08:05am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 24	278.53
USD PKR Interbank Buying / Dec 24	278.33
USD to Japanese Yen / Dec 24	157.14
USD to Swiss Franc / Dec 24	0.90
Pound Sterling to USD / Dec 24	1.25
Euro to USD / Dec 24	1.04

Stock	Volume
Germany DAX 30 / Dec 23	19,848.77
S&P 500 / Dec 24	6,040.04
India Sensex / Dec 24	78,472.87
Tokyo Nikkei / Dec 24	38,986.40
Nasdaq / Dec 24	20,031.13
Hang Seng / Dec 24	20,098.29
FTSE 100 / Dec 24	8,136.99
Dow Jones / Dec 24	43,297.03

Item	Value
Crude Oil USD/Barrel / Dec 24	70.10
Karachi Cotton PKR/37.32 KG / Dec 24	17,785
Gold 10 Grams PKR / Dec 24	240,487.70
Gold Spot USD/Ounce / Dec 24	2,616.87
Cotton US¢/pound / Dec 24	68.78
Petrol/Litre / Dec 25	252.10

Gainers
Losers
Leaders

Stock	Price
Sec. Inv. Bank / Dec 24 Security Investment Bank Limited(SIBL)	5.99 ▲ 1.00 (20.04%)
Next Capital / Dec 24 Next Capital Limited(NEXT)	8.90 ▲ 1.00 (12.66%)
Pak Agro Pack. (GEM) / Dec 24 Pak Agro Packaging Limited (GEM)(GEMPAPL)	9 ▲ 1.00 (12.50%)
Ghani Chem. Ind. / Dec 24 Ghani Chemical Industries Limited(GCIL)	16.13 ▲ 1.47 (10.03%)
Pak Gulf Leasing / Dec 24 Pak-Gulf Leasing Company Limited(PGLC)	14.37 ▲ 1.31 (10.03%)
Popular Islamic / Dec 24 Popular Islamic Modaraba(PIM)	15.58 ▲ 1.42 (10.03%)
Mandviwala / Dec 24 Mandviwala Mauser Plastic Industries(MWMP)	16.59 ▲ 1.51 (10.01%)
Blessed Tex. / Dec 24 Blessed Textiles Limited(BTL)	301.77 ▲ 27.43 (10.00%)
Crescent Cotton / Dec 24 Crescent Cotton Mills Limited(CCM)	55 ▲ 5.00 (10.00%)

Stock	Price
S.G.Power / Dec 24 S.G. Power Limited(SGPL)	10.58 ▼ -1.18 (-10.03%)
Olympia Mills / Dec 24 Olympia Mills Limited(OML)	36 ▼ -4.00 (-10.00%)
J.A.Textile / Dec 24 J.A. Textile Mills Limited(JATM)	33.95 ▼ -3.77 (-9.99%)
Sanghar Sugar / Dec 24 Sanghar Sugar Mills Limited(SANSM)	26.16 ▼ -2.90 (-9.98%)
I.C.C. Ind. / Dec 24 ICC Industries Limited(ICCI)	9.85 ▼ -1.07 (-9.80%)
National Silk / Dec 24 The National Silk & Rayon Mills Limited(NSRM)	50.01 ▼ -5.43 (-9.79%)
Gulshan Sp. / Dec 24 Gulshan Spinning Mills Limited(GSPM)	4.10 ▼ -0.40 (-8.89%)
Crescent Fib. / Dec 24 Crescent Fibres Limited(CFL)	40.16 ▼ -3.81 (-8.66%)
Reliance Ins. / Dec 24 Reliance Insurance Company Limited(RICL)	11.55 ▼ -1.05 (-8.33%)

Stock	Volume
WorldCall Telecom / Dec 24 Worldcall Telecom Limited(WTL)	126,573,463 ▲ 0.05
Fauji Foods Ltd / Dec 24 Fauji Foods Limited(FFL)	66,984,381 ▲ 0.49
Cnergyico PK / Dec 24 Cnergyico PK Limited(CNERGY)	66,471,663 ▼ -0.27
Pak Elektron / Dec 24 Pak Elektron Limited(PAEL)	38,651,653 ▼ -1.53
K-Electric Ltd. / Dec 24 K-Electric Limited(KEL)	36,108,956 ▼ -0.18
Sui South Gas / Dec 24 Sui Southern Gas Company Limited(SSGC)	33,467,532 ▼ -0.50
P.T.C.L. / Dec 24 Pakistan Telecommunication Company Ltd(PTC)	33,030,118 ▼ -1.31
TRG Pak Ltd / Dec 24 TRG Pakistan Limited(TRG)	29,441,264 ▲ 3.35
Pace (Pak) Ltd. / Dec 24 Pace (Pakistan) Limited(PACE)	28,106,970 ▼ -0.18

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