News stories for Sohail Sarfraz

Sohail Sarfraz

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

Fata, Pata units: No extension in tax exemptions beyond 30th

ISLAMABAD: The government will not extend tax exemptions beyond June 30, 2023, available to the industrial units of...

Published 07 Jun, 2023 06:05am

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

Inter-company dividends: Govt may provide relief from multiple taxation

ISLAMABAD: The government is likely to provide relief from multiple taxes on inter-company dividends in the coming...

Updated 06 Jun, 2023 08:45am

Business & Finance

Securities exchanges: SECP revises procedure for appointment of CEOs

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has revised the procedure for the appointment ...

Published 06 Jun, 2023 05:33am

Business & Finance

Increased excise duty on juices: Fruit farmers in Punjab, KP, G-B adversely impacted

ISLAMABAD: Fruit farmers in Punjab, Khyber Pakhtunkhwa, Gilgit Baltistan have been severely impacted following a...

Published 05 Jun, 2023 03:27am

Tax relief measures to facilitate exporters: Dar

ISLAMABAD: Finance Minister Ishaq Dar Saturday assured the business community the federal budget (2023-24) would...

Updated 04 Jun, 2023 04:20pm

IR Common Pool Fund-2023: FBR to make contribution from rewards to diligent taxmen

ISLAMABAD: The Federal Board of Revenue (FBR) will contribute to Inland Revenue Common Pool Fund-2023 from the...

Updated 04 Jun, 2023 09:32am

Advance tax on cos’ reserves: RRMC’s proposal dropped on corporate sector’s deep concerns

ISLAMABAD: The government has dropped a major taxation proposal of imposing an advance tax on companies’ reserves...

Updated 04 Jun, 2023 12:43pm

Pakistan

Directorate I&I detects mega scam of fake ST inovices

ISLAMABAD: Directorate of Intelligence & Investigation (IR) Lahore has unearthed a gang of fraudsters involved ...

Published 03 Jun, 2023 03:52am

Tax return form to be issued in Urdu: Scheme in budget for small traders to end multiple tax rates: Dar

ISLAMABAD: Finance Minister Ishaq Dar has assured All Pakistan Anjuman-e-Tajiran that the budget (2023-24) would...

Updated 03 Jun, 2023 09:35am

Business & Finance

Moot on upcoming FY24 budget: Realtors urge FBR to abolish CVT on foreign assets thru finance bill

ISLAMABAD: D evelopers, builders have strongly proposed to the Federal Board of Revenue (FBR) to abolish Capital...

Published 03 Jun, 2023 03:52am

Business & Finance

IPSOS report: Illicit cigarette trade costs FBR Rs240bn per annum

ISLAMABAD: An international research company Friday disclosed that tax evasion by illicit cigarette traders has...

Published 03 Jun, 2023 03:52am

SMEs facing grueling challenge of acting as WHT agents

ISLAMABAD: The Small and Medium Enterprises (SMEs) in Pakistan are facing the biggest challenge ie, to operate as...

Updated 02 Jun, 2023 09:06am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 9	278.65
USD PKR Interbank Buying / Jan 9	278.45
USD to Japanese Yen / Jan 9	158.14
USD to Swiss Franc / Jan 9	0.91
Pound Sterling to USD / Jan 9	1.23
Euro to USD / Jan 9	1.03

Stock	Volume
S&P 500 / Jan 8	5,918.25
Nasdaq / Jan 8	19,478.88
Dow Jones / Jan 8	42,635.20
India Sensex / Jan 9	77,704.13
Tokyo Nikkei / Jan 9	39,516.87
Hang Seng / Jan 9	19,288.79
FTSE 100 / Jan 9	8,263.49
Germany DAX 30 / Jan 9	20,277.66

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 8	18,285
Gold 10 Grams PKR / Jan 8	237,483
Petrol/Litre / Jan 9	252.66
Crude Oil USD/Barrel / Jan 9	73.16
Gold Spot USD/Ounce / Jan 9	2,659.11
Diesel/Litre / Jan 9	258.34

Gainers
Losers
Leaders

Stock	Price
Next Capital / Jan 9 Next Capital Limited(NEXT)	10.49 ▲ 1.00 (10.54%)
Ahmad Hassan / Jan 9 Ahmad Hassan Textile Mills Limited(AHTM)	59.90 ▲ 5.45 (10.01%)
Dadex Eternit / Jan 9 Dadex Eternit Limited(DADX)	64 ▲ 5.82 (10.00%)
Dawood Lawrencepur / Jan 9 Dawood Lawrencepur Limited(DLL)	325.73 ▲ 29.61 (10.00%)
D.M. Textile / Jan 9 D.M. Textile Mills Limited(DMTX)	66.64 ▲ 6.06 (10.00%)
JDW Sugar / Jan 9 JDW Sugar Mills Limited(JDWS)	995.45 ▲ 90.50 (10.00%)
Matco Foods Ltd / Jan 9 Matco Foods Limited(MFL)	48.59 ▲ 4.40 (9.96%)
Baba Farid Sugar / Jan 9 Baba Farid Sugar Mills Limited(BAFS)	48 ▲ 3.90 (8.84%)
Asim Textile / Jan 9 Asim Textile Mills Limited(ASTM)	16.42 ▲ 1.31 (8.67%)

Stock	Price
Cresent Jute / Jan 9 Crescent Jute Products Limited(CJPL)	4.81 ▼ -0.58 (-10.76%)
F.Credit & Inv / Jan 9 First Credit and Investment Bank Limited(FCIBL)	6.85 ▼ -0.79 (-10.34%)
Ali Asghar / Jan 9 Ali Asghar Textile Mills Limited(AATM)	70.94 ▼ -7.88 (-10.00%)
Air Link Com. / Jan 9 Air Link Communication Limited(AIRLINK)	191.54 ▼ -21.28 (-10.00%)
Liven Pharma / Jan 9 Liven Pharma Limited(LIVEN)	160.68 ▼ -17.85 (-10.00%)
Power Cem(Pref) / Jan 9 Power Cement (Pref)(POWERPS)	11.25 ▼ -1.25 (-10.00%)
Suhail Jute / Jan 9 Suhail Jute Mills Limited(SUHJ)	140.74 ▼ -15.64 (-10.00%)
Chakwal Spinning / Jan 9 Chakwal Spinning Mills Limited(CWSM)	61.70 ▼ -6.85 (-9.99%)
Frontier Ceram / Jan 9 Frontier Ceramics Limited(FRCL)	21.81 ▼ -2.42 (-9.99%)

Stock	Volume
WorldCall Telecom / Jan 9 Worldcall Telecom Limited(WTL)	520,199,852 ▼ -0.01
K-Electric Ltd. / Jan 9 K-Electric Limited(KEL)	48,176,163 ▼ -0.07
Cnergyico PK / Jan 9 Cnergyico PK Limited(CNERGY)	41,301,063 ▼ -0.31
Fauji Foods Ltd / Jan 9 Fauji Foods Limited(FFL)	34,830,810 ▼ -1.04
Sui South Gas / Jan 9 Sui Southern Gas Company Limited(SSGC)	27,158,451 ▼ -1.88
Pak Refinery / Jan 9 Pakistan Refinery Limited(PRL)	24,532,091 ▼ -1.53
Pak Elektron / Jan 9 Pak Elektron Limited(PAEL)	23,028,613 ▼ -0.87
Lotte Chemical / Jan 9 Lotte Chemical Pakistan Limited(LOTCHEM)	19,891,091 ▲ 0.34
B.O.Punjab / Jan 9 The Bank of Punjab(BOP)	19,667,050 ▼ -0.02

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