News stories for Sohail Sarfraz

Sohail Sarfraz

Pakistan

FBR seizes smuggled goods worth Rs106.08bn in 2023-24

ISLAMABAD: The Federal Board of Revenue (FBR) has seized smuggled goods valued at Rs 106.08 billion during 2023-24...

Published 11 Nov, 2024 06:03am

CCP for sell-off of Discos or exploring PPPs

Competition Commission of Pakistan report says DISCOs facing high distribution losses, revenue leakages, low bill recovery rates, widespread electricity theft, and supply constraints

Updated 11 Nov, 2024 02:39pm

International transshipment cargoes: FBR to allow inter-port movement

ISLAMABAD: The Federal Board of Revenue (FBR) will allow inter-port movement of international transshipment cargoes...

Updated 11 Nov, 2024 09:21am

Customs duty in 2023-24: Petroleum sector, imported vehicles top contributors

ISLAMABAD: Two top contributors of customs duty were the petroleum sector and imported vehicles during 2023-24. The...

Updated 11 Nov, 2024 02:40pm

Business & Finance

Rs237bn FED collected from cigarettes in 2023-24

ISLAMABAD: The Federal Board of Revenue (FBR) has collected Rs 237 billion as federal excise duty (FED) from...

Updated 11 Nov, 2024 09:24am

WHT’s share in collection of direct taxes stands at 60pc

ISLAMABAD: The Federal Board of Revenue (FBR) has claimed that the share of withholding taxes stood at 60 percent in...

Updated 11 Nov, 2024 08:56am

Property values in Karachi: New SRO retains rebate provision, FBR asked

ISLAMABAD: Legal experts and tax advisers have sought an urgent clarification from the Federal Board of Revenue...

Updated 10 Nov, 2024 09:45am

Bank’s income case: FBR restrained from initiating ‘coercive’ action

ISLAMABAD: The income of the bank to be taxed based on gross advances to deposit ratio has been challenged before...

Updated 10 Nov, 2024 09:49am

Business & Finance

Over Rs16bn revenue loss prevented by busting gangs of cyber criminals using foreign IPs/VPN/proxy servers

ISLAMABAD: Directorate General of Intelligence and Investigation-Inland Revenue (IR) has prevented revenue loss of...

Published 09 Nov, 2024 07:18am

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

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

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 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

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

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

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

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

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

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 27	278.95
USD PKR Interbank Buying / Jan 27	278.80
USD to Japanese Yen / Jan 27	154.64
USD to Swiss Franc / Jan 27	0.90
Pound Sterling to USD / Jan 27	1.25
Euro to USD / Jan 27	1.05

Stock	Volume
S&P 500 / Jan 24	6,101.24
Nasdaq / Jan 24	19,954.30
Dow Jones / Jan 24	44,424.25
India Sensex / Jan 27	75,346.55
Tokyo Nikkei / Jan 27	39,565.80
Hang Seng / Jan 27	20,197.77
FTSE 100 / Jan 27	8,485.58
Germany DAX 30 / Jan 27	21,124.29

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 24	18,485
Gold 10 Grams PKR / Jan 24	248,285
Crude Oil USD/Barrel / Jan 27	74.82
Gold Spot USD/Ounce / Jan 27	2,763.59
Cotton US¢/pound / Jan 27	67.70
Petrol/Litre / Jan 28	256.13

Gainers
Losers
Leaders

Stock	Price
Chenab Ltd (Pref) / Jan 27 Chenab Limited (Pref)(CLCPS)	3.93 ▲ 0.49 (14.24%)
Chenab Ltd / Jan 27 Chenab Limited(CHBL)	8.57 ▲ 1 (13.21%)
B. F. Mod. / Jan 27 B.F. Modaraba(BFMOD)	8.39 ▲ 0.89 (11.87%)
Sanghar Sugar / Jan 27 Sanghar Sugar Mills Limited(SANSM)	25.36 ▲ 2.31 (10.02%)
Leather Up Ltd. / Jan 27 Leather Up Limited(LEUL)	36.70 ▲ 3.34 (10.01%)
Shahtaj Sugar / Jan 27 Shahtaj Sugar Mills Limited(SHJS)	113.69 ▲ 10.34 (10%)
At-Tahur Ltd. / Jan 27 At-Tahur Limited(PREMA)	25.85 ▲ 2.35 (10%)
Archroma Pak / Jan 27 Archroma Pakistan Limited(ARPL)	478.56 ▲ 43.51 (10%)
Saritow Spinning / Jan 27 Saritow Spinning Mills Limited(SSML)	12.24 ▲ 1.11 (9.97%)

Stock	Price
LSE Financial Serv. / Jan 27 LSE Financial Services Limited(LSEFSL)	17.52 ▼ -1.95 (-10.02%)
Sui South Gas / Jan 27 Sui Southern Gas Company Limited(SSGC)	39.53 ▼ -4.39 (-10%)
Hussain Industries / Jan 27 Husein Industries Limited(HUSI)	28.50 ▼ -3.14 (-9.92%)
Arctic Textile / Jan 27 Arctic Textile Mills Limited(ARCTM)	18.90 ▼ -2.08 (-9.91%)
Apna Microfin. / Jan 27 Apna Microfinance Bank Limited(AMBL)	10.09 ▼ -1.1 (-9.83%)
National Silk / Jan 27 The National Silk & Rayon Mills Limited(NSRM)	50 ▼ -5.44 (-9.81%)
Gammon Pak / Jan 27 Gammon Pakistan Limited(GAMON)	38 ▼ -4.04 (-9.61%)
Unicap Modaraba / Jan 27 Unicap Modaraba(UCAPM)	2.57 ▼ -0.27 (-9.51%)
Synthetic Prod / Jan 27 Synthetic Products Enterprises Limited(SPEL)	41 ▼ -4.06 (-9.01%)

Stock	Volume
Cnergyico PK / Jan 27 Cnergyico PK Limited(CNERGY)	61,454,571 ▼ -0.13
Sui South Gas / Jan 27 Sui Southern Gas Company Limited(SSGC)	57,677,562 ▼ -4.39
WorldCall Telecom / Jan 27 Worldcall Telecom Limited(WTL)	33,767,457 ▼ -0.06
The Searle Co. / Jan 27 The Searle Company Limited(SEARL)	26,713,969 ▼ -5.54
Pak Elektron / Jan 27 Pak Elektron Limited(PAEL)	22,757,545 ▲ 0.67
Fauji Cement / Jan 27 Fauji Cement Company Limited(FCCL)	20,797,108 ▼ -0.46
Citi Pharma Ltd / Jan 27 Citi Pharma Ltd.(CPHL)	18,489,077 ▼ -6.73
P.T.C.L. / Jan 27 Pakistan Telecommunication Company Ltd(PTC)	18,264,183 ▲ 0.82
Ghani Chem. Ind. / Jan 27 Ghani Chemical Industries Limited(GCIL)	17,202,553 ▲ 0.67

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