News stories for Sohail Sarfraz

Sohail Sarfraz

FBR issues tax expenditure report-2023: More exemptions, concessions given during 2021-22

ISLAMABAD: The Federal Board of Revenue (FBR) has given more sales tax exemptions, zero-rating and concessions to...

Updated 08 Jul, 2023 09:02am

Business & Finance

FBR directed to transfer ST, FED jurisdiction of all cases from AEOI Zones to original jurisdiction

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

Published 08 Jul, 2023 06:20am

Business & Finance

Non-resident applicants: IRIS to automatically process, issue exemption certificates

ISLAMABAD: The Federal Board of Revenue’s electronic system (IRIS) will automatically process and issue exemption...

Published 07 Jul, 2023 05:24am

Business & Finance

Possible enforcement of Sec 99D of IT Ord: Litigation between FBR, sectors making windfall profits feared

ISLAMABAD: Leading tax experts have apprehended that litigation will start between the Federal Board of Revenue ...

Published 07 Jul, 2023 05:24am

Business & Finance

Fraudulent clearances of imported goods: FBR urged to include representatives of SBP, Directorate of Customs Intelligence in body

ISLAMABAD: The Directorate of Customs Reform and Automation has requested the Federal Board of Revenue (FBR) to...

Published 07 Jul, 2023 05:24am

Business & Finance

Year-on-year: Number of complaints against FBR has doubled: FTO

ISLAMABAD: The total number of complaints filed by taxpayers with the Federal Tax Ombudsman (FTO) against the ...

Published 06 Jul, 2023 05:42am

FBR to ‘sell’ excise rules, general orders, departmental rulings to public

ISLAMABAD: The Federal Board of Revenue (FBR) will “sell” federal excise rules, general orders and departmental...

Updated 06 Jul, 2023 08:39am

Business & Finance

PALSP criticises ‘dual tax system’

ISLAMABAD: The Pakistan Association of Large Steel Producers (PALSP) has raised strong concerns over ‘unfair and...

Published 06 Jul, 2023 05:42am

Sale and purchase of immovable properties: FBR implements revised rates of withholding tax

ISLAMABAD: The Federal Board of Revenue (FBR) from July 1, 2023, implemented upward revised rates of withholding...

Updated 05 Jul, 2023 08:53am

Fraudulent clearances of imported goods: FBR sets up fact-finding committee

ISLAMABAD: The Federal Board of Revenue (FBR) has constituted a three-member fact-finding committee to probe...

Updated 05 Jul, 2023 08:58am

Business & Finance

From one customs field formation to another: FBR empowered to transfer investigations of criminal cases

ISLAMABAD: The Federal Board of Revenue (FBR) has been empowered to immediately transfer the investigation of...

Published 04 Jul, 2023 05:07am

Value of Rs5m or more: 3pc advance tax to be collected on registration of EVs

ISLAMABAD: The advance tax at the rate of 3 percent would be collected at the time of registration of electric...

Updated 04 Jul, 2023 09:11am

Tax on windfall profits: FBR to face legal complications

ISLAMABAD: The Federal Board of Revenue (FBR) will face legal complications to collect new tax on windfall profits...

Updated 03 Jul, 2023 08:59am

Erstwhile tribal areas: Tax, duty exemption extended by one year

ISLAMABAD: The government has granted one-year extension in exemption from duties and taxes for the erstwhile tribal...

Updated 03 Jul, 2023 08:55am

Income of shareholder of company: 10pc tax paid on bonus shares to be ‘final tax’

ISLAMABAD: Ten percent tax paid on bonus shares would be the “final tax”, on the income of the shareholder of the...

Updated 02 Jul, 2023 03:17pm

New Rs438bn taxation measures enforced

Sales tax has been increased from 12 per cent to 15 per cent on supplies made by POS retailers dealing in leather and textile products from July 1, 2023

Updated 02 Jul, 2023 03:17pm

Number of income tax return filers crosses 4m mark

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 8	278.78
USD PKR Interbank Buying / Jan 8	278.58
USD to Japanese Yen / Jan 8	158.14
USD to Swiss Franc / Jan 8	0.91
Pound Sterling to USD / Jan 8	1.25
Euro to USD / Jan 8	1.04

Stock	Volume
S&P 500 / Jan 7	5,909.03
Nasdaq / Jan 7	19,489.68
FTSE 100 / Jan 7	8,245.28
Dow Jones / Jan 7	42,528.36
Germany DAX 30 / Jan 7	20,340.57
France CAC40 / Jan 7	7,489.35
India Sensex / Jan 8	77,786.54
Tokyo Nikkei / Jan 8	40,008.25

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 7	18,285
Gold 10 Grams PKR / Jan 7	236,625
Crude Oil USD/Barrel / Jan 8	74.85
Gold Spot USD/Ounce / Jan 8	2,650.51
Cotton US¢/pound / Jan 8	68.44
Petrol/Litre / Jan 9	252.66

Gainers
Losers
Leaders

Stock	Price
PICIC Ins.Ltd. / Jan 8 PICIC Insurance Limited(PIL)	3.21 ▲ 0.32 (11.07%)
JS Bank Ltd / Jan 8 JS Bank Limited(JSBL)	10.41 ▲ 1.00 (10.63%)
Idrees Tex. / Jan 8 Idrees Textile Mills Limited(IDRT)	15.68 ▲ 1.43 (10.04%)
Sec. Inv. Bank / Jan 8 Security Investment Bank Limited(SIBL)	12.38 ▲ 1.13 (10.04%)
Ahmad Hassan / Jan 8 Ahmad Hassan Textile Mills Limited(AHTM)	59.90 ▲ 5.45 (10.01%)
Asia Ins. / Jan 8 Asia Insurance Company Limited(ASIC)	14.29 ▲ 1.30 (10.01%)
D.M. Textile / Jan 8 D.M. Textile Mills Limited(DMTX)	60.58 ▲ 5.51 (10.01%)
Dawood Lawrencepur / Jan 8 Dawood Lawrencepur Limited(DLL)	296.12 ▲ 26.92 (10.00%)
JDW Sugar / Jan 8 JDW Sugar Mills Limited(JDWS)	904.95 ▲ 82.27 (10.00%)

Stock	Price
JS Mom. Factor ETF / Jan 8 JS Momentum Factor ETF(JSMFETF)	15.15 ▼ -2.18 (-12.58%)
Parmount Sp. / Jan 8 Paramount Spinning Mills Limited(PASM)	4 ▼ -0.50 (-11.11%)
Ali Asghar / Jan 8 Ali Asghar Textile Mills Limited(AATM)	78.82 ▼ -8.76 (-10.00%)
Faisal Sp. / Jan 8 Faisal Spinning Mills Limited(FASM)	292.37 ▼ -32.48 (-10.00%)
Khairpur Sug. / Jan 8 Khairpur Sugar Mills Limited(KPUS)	133.71 ▼ -14.86 (-10.00%)
Liven Pharma / Jan 8 Liven Pharma Limited(LIVEN)	178.53 ▼ -19.84 (-10.00%)
Suhail Jute / Jan 8 Suhail Jute Mills Limited(SUHJ)	156.38 ▼ -17.38 (-10.00%)
Frontier Ceram / Jan 8 Frontier Ceramics Limited(FRCL)	24.23 ▼ -2.69 (-9.99%)
National Silk / Jan 8 The National Silk & Rayon Mills Limited(NSRM)	49.90 ▼ -5.54 (-9.99%)

Stock	Volume
WorldCall Telecom / Jan 8 Worldcall Telecom Limited(WTL)	520,088,624 ▲ 0.09
Cnergyico PK / Jan 8 Cnergyico PK Limited(CNERGY)	76,600,722 ▼ -0.30
K-Electric Ltd. / Jan 8 K-Electric Limited(KEL)	45,707,217 ▼ -0.21
Fauji Foods Ltd / Jan 8 Fauji Foods Limited(FFL)	36,987,542 ▼ -0.41
Sui South Gas / Jan 8 Sui Southern Gas Company Limited(SSGC)	33,354,890 ▲ 2.33
Pak Stock Exchange / Jan 8 Pakistan Stock Exchange Limited(PSX)	27,144,749 ▼ -2.85
Pak Refinery / Jan 8 Pakistan Refinery Limited(PRL)	24,452,864 ▼ -2.53
B.O.Punjab / Jan 8 The Bank of Punjab(BOP)	22,768,455 ▼ -0.23
Pak Elektron / Jan 8 Pak Elektron Limited(PAEL)	20,370,180 ▼ -0.42

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