News stories for Sohail Sarfraz

Sohail Sarfraz

Business & Finance

REITs schemes: Tax exemption extended up to 30th

ISLAMABAD: The income tax exemption available to Real Estate Investment Trusts (REITs) schemes has been extended up...

Published 11 Jun, 2023 03:55am

No amnesty scheme for expats: Law to be invoked against industries exploiting consumers: Dar

Responding to a question on (additional tax on certain income, profits, and gains) under new Section 99D of the Income Tax Ordinance 2001, Dar says provision would be invoked against the sectors that would put unnecessary financial burden on consumers

Updated 11 Jun, 2023 12:16pm

Finance Bill brings in a big import-related facilitative step

ISLAMABAD: The Federal Board of Revenue (FBR) will not impose any penalty on importers in cases of non-placement of...

Updated 11 Jun, 2023 12:21pm

Additional tax on income profit, gains imposed

Federal Board of Revenue includes a new section “99D” (Additional tax on certain income, profits and gains) in the Income Tax Ordinance 2001

Updated 10 Jun, 2023 08:56am

Finance Bill 2023: Rate of GST on e-integrated textile retailers up 3pc

ISLAMABAD: The government has enhanced the rate of sales tax on electronically-integrated textile retailers from the...

Updated 10 Jun, 2023 08:49am

Pharmaceuticals, drugs: Sales tax structure restored

ISLAMABAD: The government restored the sales tax structure on drugs and pharmaceuticals on July 1st, 2022 position...

Updated 10 Jun, 2023 08:50am

Business & Finance

WHT system in banking sector: FTO unearths systemic gaps, loopholes

ISLAMABAD: The Federal Tax Ombudsman (FTO) has unearthed systemic gaps and loopholes in the prevalent withholding ...

Published 10 Jun, 2023 05:01am

Business & Finance

ST exemption: Units in NMDs get one-year extension

ISLAMABAD: The government has extended the sales tax exemption to newly-merged districts (NMDs) (FATA/ PATA) for...

Published 10 Jun, 2023 05:01am

Business & Finance

Non-resident person: FBR expands scope of definition of ‘Permanent Establishment’

ISLAMABAD: The Federal Board of Revenue (FBR) has expanded the scope of definition of Permanent Establishment in...

Published 10 Jun, 2023 05:01am

Business & Finance

Govt changes definition of ‘SMEs’

ISLAMABAD: The government has changed the definition of Small and Medium Enterprise (SME) to increase in business...

Published 10 Jun, 2023 05:01am

RDs on wide range of items abolished

ISLAMABAD: The Federal Board of Revenue (FBR) has abolished regulatory duties on a wide range of items including...

Published 10 Jun, 2023 04:39am

Rs223bn taxation measures taken

ISLAMABAD: The government has taken new taxation measures of Rs223 billion in the budget (2023-24) including the...

Published 10 Jun, 2023 04:34am

Power production, transmission and distribution: Centre’s powers of GST collection go to provinces

ISLAMABAD: In a significant move, the government has transferred the Centre’s powers of collection of sales tax on...

Published 10 Jun, 2023 04:31am

Royalty, tech services fee added: Scope of FED on services enlarged

ISLAMABAD: The scope of Federal Excise Duty (FED) on services has been proposed to be enhanced by adding royalty and...

Published 10 Jun, 2023 04:28am

Tax exemptions cost exchequer over Rs2.23trn

Cost of tax exemptions registered a growth of 27.43 per cent during 2022-23 as compared to tax expenditure in 2021-22

Updated 09 Jun, 2023 02:49pm

Business & Finance

Point of sale: FBR directed to issue instructions to field formations

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

Published 09 Jun, 2023 06:20am

Business & Finance

RRMC chief advocates major surgery in taxation system

ISLAMABAD: State Minister and Chairman of Reforms and Resource Mobilisation Commission (RRMC), Ashfaq Tola, said...

Published 08 Jun, 2023 06:30am

Business & Finance

Food emulsifiers, stabilisers: FBR body imposes 20pc customs duty

ISLAMABAD: The customs classification committee of the Federal Board of Revenue (FBR) has imposed 20 percent customs...

Published 08 Jun, 2023 06:30am

Sales tax zero-rating on supply of dairy products to continue

ISLAMABAD: The sales tax zero-rating on local supplies of dairy products including milk/fat filled milk would remain...

Updated 07 Jun, 2023 09:10am

Business & Finance

Import/export cargoes: FBR tightens procedures for tracking, monitoring

ISLAMABAD: The Federal Board of Revenue (FBR) has tightened procedures for the tracking and monitoring of a wide...

Published 07 Jun, 2023 06:05am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 25	277.83
USD PKR Interbank Buying / Nov 25	277.73
USD to Japanese Yen / Nov 26	153.85
USD to Swiss Franc / Nov 26	0.89
Pound Sterling to USD / Nov 26	1.25
Euro to USD / Nov 26	1.05

Stock	Volume
S&P 500 / Nov 25	5,987.37
India Sensex / Nov 25	80,109.85
Tokyo Nikkei / Nov 25	38,242.02
Nasdaq / Nov 25	18,054.84
Hang Seng / Nov 25	19,255.06
FTSE 100 / Nov 25	8,291.68
Dow Jones / Nov 25	44,736.57
Germany DAX 30 / Nov 25	19,405.20

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 25	17,685
Gold 10 Grams PKR / Nov 25	244,860.20
Petrol/Litre / Nov 26	248.38
Crude Oil USD/Barrel / Nov 26	69.12
Gold Spot USD/Ounce / Nov 26	2,630.41
Diesel/Litre / Nov 26	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 26 786 Investments Limited(786)	6.86 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 26 Al-Abbas Sugar Mills Limited(AABS)	610 ▼ 0.00 (0.00%)
Agro Allianz / Nov 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 26 Ali Asghar Textile Mills Limited(AATM)	74.39 ▼ 0.00 (0.00%)
Allied Bank / Nov 26 Allied Bank Limited(ABL)	122.01 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 26 Abbott Laboratories (Pakistan) Limited(ABOT)	998.48 ▼ 0.00 (0.00%)
Abson Ind. / Nov 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 26 Alfalah Consumer Index ETF.(ACIETF)	12.42 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 26 786 Investments Limited(786)	6.86 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 26 Al-Abbas Sugar Mills Limited(AABS)	610 ▲ 0.00 (0.00%)
Agro Allianz / Nov 26 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 26 Ali Asghar Textile Mills Limited(AATM)	74.39 ▲ 0.00 (0.00%)
Allied Bank / Nov 26 Allied Bank Limited(ABL)	122.01 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 26 Abbott Laboratories (Pakistan) Limited(ABOT)	998.48 ▲ 0.00 (0.00%)
Abson Ind. / Nov 26 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 26 Alfalah Consumer Index ETF.(ACIETF)	12.42 ▲ 0.00 (0.00%)

Stock	Volume
Hascol Petrol / Nov 26 Hascol Petroleum Limited(HASCOL)	64,823,622 ▲ 0.00
Cnergyico PK / Nov 26 Cnergyico PK Limited(CNERGY)	48,065,578 ▲ 0.00
Fauji Foods Ltd / Nov 26 Fauji Foods Limited(FFL)	40,919,425 ▲ 0.00
WorldCall Telecom / Nov 26 Worldcall Telecom Limited(WTL)	33,547,707 ▲ 0.00
K-Electric Ltd. / Nov 26 K-Electric Limited(KEL)	32,092,012 ▲ 0.00
Sui South Gas / Nov 26 Sui Southern Gas Company Limited(SSGC)	30,420,168 ▲ 0.00
Treet Battery / Nov 26 Treet Battery Limited(TBL)	22,823,492 ▲ 0.00
B.O.Punjab / Nov 26 The Bank of Punjab(BOP)	20,014,784 ▲ 0.00
Waves Home Appliances / Nov 26 Waves Home Appliances Limited(WAVESAPP)	19,695,105 ▲ 0.00

Markets →

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