News stories for Sohail Sarfraz

Sohail Sarfraz

‘Further sales tax’ and ‘extra sales tax’: conflicting FBR accounts cause a great deal of confusion

ISLAMABAD: The conflicting legal clarifications of the Federal Board of Revenue (FBR) on the chargeability of extra...

Updated 03 Nov, 2023 10:11am

Non-filers, documentation of economy: FBR shares strategy with Shamshad

ISLAMABAD: The caretaker Finance Minister Dr Shamshad Akhtar has directed the Federal Board of Revenue (FBR) to...

Updated 03 Nov, 2023 08:59am

LHC dismisses plea against ATIR member’s appointment

ISLAMABAD: The Lahore High Court (LHC), on Wednesday, dismissed a petition filed against the appointment of the...

Updated 02 Nov, 2023 09:31am

Pakistan

Jan-Oct 2023: FTO disposes of 6,703 cases

ISLAMABAD: The Federal Tax Ombudsman (FTO) has disposed of 6,703 cases of taxpayers filed against the Federal Board...

Published 01 Nov, 2023 05:57am

Pakistan

Delay in refund payment despite ATIR order: IHC directs FBR to pay adjournment cost to counsels

ISLAMABAD: Islamabad High Court (IHC) has directed the Federal Board of Revenue (FBR) to pay an adjournment cost of...

Published 01 Nov, 2023 05:57am

Business & Finance

Rs66bn more than target: Jul-Oct provisional collection stands at Rs2.748trn

ISLAMABAD: The Federal Board of Revenue (FBR) has provisionally collected Rs2,748 billion during the first four...

Updated 01 Nov, 2023 09:05am

Pakistan

‘Illegal’ seizure of foreign currency: FTO asks FBR to take action against customs officials

ISLAMABAD: Federal Tax Ombudsman (FTO) Monday directed the Federal Board of Revenue (FBR) to take disciplinary ...

Published 31 Oct, 2023 05:26am

Business & Finance

FBR optimistic about Q1 revenue target

ISLAMABAD: The Federal Board of Revenue (FBR) is confident to achieve the revenue collection target of Rs 2,683...

Published 31 Oct, 2023 05:26am

Business & Finance

Restructuring of PRAL under way

ISLAMABAD: The Federal Board of Revenue (FBR) has started a major reform of “digital tax transformation” in the FBR...

Updated 30 Oct, 2023 09:48am

559 major cases of CCP pending in courts: Stay orders may be driving up prices of commodities?

ISLAMABAD: There are 559 major cases of the Competition Commission of Pakistan (CCP) pending in various courts,...

Updated 29 Oct, 2023 10:00am

Pakistan

Election duties: ECP grants exemption to FBR officers

ISLAMABAD: The Election Commission of Pakistan (ECP) has granted an exemption to the officers of the Federal Board ...

Published 28 Oct, 2023 05:58am

Ultimate beneficial ownership: Requirements more stringent in income tax law than corporate one: expert

ISLAMABAD: The requirements of ultimate beneficial ownership as laid down in the Income Tax law are more stringent...

Updated 28 Oct, 2023 09:49am

Business & Finance

Customs’ values on import of PVC Electric Insulation Tape revised

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

Published 27 Oct, 2023 05:16am

Business & Finance

SECP makes UDIN mandatory on all audit reports

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has made it mandatory for auditors (practicing...

Published 27 Oct, 2023 05:16am

Business & Finance

FTO asks FBR to form experts’ team to eliminate fake/flying invoices

ISLAMABAD: Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to constitute a team of sales...

Published 27 Oct, 2023 05:16am

Pakistan

Tobacco harm reduction strategies: New study reveals good opportunity to save over 1.2m lives

ISLAMABAD: A new research study titled ‘Integrating Harm Reduction Into Tobacco Control’ revealed a significant...

Published 26 Oct, 2023 06:08am

Computer, multimedia, trolley speakers: Customs’ values on import of low-end brands fixed

ISLAMABAD: Directorate General of Customs Valuation Karachi has fixed new Customs values on the import of low-end...

Updated 26 Oct, 2023 08:44am

Salaried individuals: No proposal to change current exemption threshold: FBR

ISLAMABAD: The Federal Board of Revenue (FBR), Wednesday, informed the Senate Standing Committee on Finance that no...

Updated 26 Oct, 2023 09:49am

Business & Finance

New customs values on import of adhesive tapes issued

ISLAMABAD: Directorate General of Customs Valuation Karachi has issued new customs values on the import of Water...

Published 26 Oct, 2023 06:08am

Business & Finance

PALSP urges SBP to lower interest rates

ISLAMABAD: Pakistan Association of Large Steel Producers (PALSP) is urgently calling upon the State Bank of Pakistan...

Published 26 Oct, 2023 06:08am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 3	278.63
USD PKR Interbank Buying / Jan 3	27,843
USD to Japanese Yen / Jan 3	157.26
USD to Swiss Franc / Jan 3	0.91
Pound Sterling to USD / Jan 3	1.24
Euro to USD / Jan 3	1.03

Stock	Volume
S&P 500 / Jan 3	5,942.47
India Sensex / Jan 3	79,223.11
Tokyo Nikkei / Jan 3	39,894.54
Nasdaq / Jan 3	19,621.68
Hang Seng / Jan 3	19,760.27
FTSE 100 / Jan 3	8,223.98
Dow Jones / Jan 3	42,732.13
Germany DAX 30 / Jan 3	19,906.08

Item	Value
Crude Oil USD/Barrel / Jan 3	73.96
Gold 10 Grams PKR / Jan 3	243,488.40
Gold Spot USD/Ounce / Jan 3	2,640.22
Cotton US¢/pound / Jan 3	67.66
Karachi Cotton PKR/37.32 KG / Jan 4	18,285
Petrol/Litre / Jan 5	252.66

Gainers
Losers
Leaders

Stock	Price
Tri-Star Power / Jan 3 Tri-Star Power Limited(TSPL)	6.87 ▲ 1.00 (17.04%)
Dewan Textile / Jan 3 Dewan Textile Mills Limited(DWTM)	7.50 ▲ 0.70 (10.29%)
Pak Gulf Leasing / Jan 3 Pak-Gulf Leasing Company Limited(PGLC)	28 ▲ 2.55 (10.02%)
Asim Textile / Jan 3 Asim Textile Mills Limited(ASTM)	14.72 ▲ 1.34 (10.01%)
Bannu Woollen / Jan 3 Bannu Woollen Mills Limited(BNWM)	39.34 ▲ 3.58 (10.01%)
Ali Asghar / Jan 3 Ali Asghar Textile Mills Limited(AATM)	87.12 ▲ 7.92 (10.00%)
AL-Ghazi Tractors / Jan 3 Al-Ghazi Tractors Limited(AGTL)	692.63 ▲ 62.97 (10.00%)
Arpak Int. / Jan 3 Arpak International Investments Ltd.(ARPAK)	76.89 ▲ 6.99 (10.00%)
Chakwal Spinning / Jan 3 Chakwal Spinning Mills Limited(CWSM)	79.30 ▲ 7.21 (10.00%)

Stock	Price
Khairpur Sug. / Jan 3 Khairpur Sugar Mills Limited(KPUS)	165.85 ▼ -18.43 (-10.00%)
Pak Paper Prod / Jan 3 Pakistan Paper Products Limited(PPP)	163.24 ▼ -18.14 (-10.00%)
Jubilee Spinning / Jan 3 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	10.81 ▼ -1.19 (-9.92%)
National Silk / Jan 3 The National Silk & Rayon Mills Limited(NSRM)	49.96 ▼ -5.48 (-9.88%)
Al-Khair Gadoon / Jan 3 Al-Khair Gadoon Limited(AKGL)	37.50 ▼ -3.95 (-9.53%)
Escorts Bank / Jan 3 Escorts Investment Bank Limited(ESBL)	6.22 ▼ -0.63 (-9.20%)
Intermarket Securities / Jan 3 Intermarket Securities Limited(IMS)	67.01 ▼ -6.76 (-9.16%)
Premium Textile / Jan 3 Premium Textile Mills Limited(PRET)	365.10 ▼ -34.90 (-8.72%)
Shahzad Tex. / Jan 3 Shahzad Textile Mills Limited(SZTM)	27.30 ▼ -2.57 (-8.60%)

Stock	Volume
Fauji Foods Ltd / Jan 3 Fauji Foods Limited(FFL)	89,478,727 ▲ 0.26
WorldCall Telecom / Jan 3 Worldcall Telecom Limited(WTL)	72,529,816 ▼ -0.06
Telecard Limited / Jan 3 Telecard Limited(TELE)	61,073,411 ▼ -0.38
Cnergyico PK / Jan 3 Cnergyico PK Limited(CNERGY)	56,752,893 ▲ 0.01
Fauji Cement / Jan 3 Fauji Cement Company Limited(FCCL)	54,319,935 ▼ -2.12
Pace (Pak) Ltd. / Jan 3 Pace (Pakistan) Limited(PACE)	47,336,133 ▲ 0.00
K-Electric Ltd. / Jan 3 K-Electric Limited(KEL)	47,012,733 ▼ -0.21
B.O.Punjab / Jan 3 The Bank of Punjab(BOP)	37,387,280 ▲ 0.11
Bank Makramah / Jan 3 Bank Makramah Limited(BML)	34,237,257 ▲ 0.25

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