News stories for Sohail Sarfraz

Sohail Sarfraz

Business & Finance

Unlawful tax recovery from Iesco: FTO orders probe against officials of LTO Islamabad

ISLAMABAD: The Federal Tax Ombudsman (FTO) has ordered an investigation against the tax officials of the Large...

Published 02 Jun, 2023 03:56am

Business & Finance

Importers overcharged: SBP completes probe against banks, Senate panel told

ISLAMABAD: The Senate Standing Committee on Finance was informed that the State Bank of Pakistan (SBP) has completed...

Published 01 Jun, 2023 03:34am

Rs62bn short of Rs621bn monthly target: May provisional tax collection stands at Rs559bn

ISLAMABAD: The Federal Board of Revenue (FBR) has provisionally collected Rs 559 billion in May 2023 against the...

Updated 01 Jun, 2023 09:06am

Business & Finance

FTO proposes FBR to abolish Section 8B of Sales Tax Act

ISLAMABAD: The Federal Tax Ombudsman (FTO) has proposed the Federal Board of Revenue (FBR) to abolish section 8B of...

Published 01 Jun, 2023 03:34am

Budget FY23-24: FBR working out new scheme aimed at retailers’ documentation

ISLAMABAD: The Federal Board of Revenue (FBR) is working out a new scheme for the documentation of small retailers...

Updated 01 Jun, 2023 08:54am

Listed cos’ shares transactions as recorded in NCCPL system: Procedure of capital gain on disposal of securities to stay applicable: FBR

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Updated 01 Jun, 2023 09:05am

Tax suggested on exporters not bringing forex within specified period of time

ISLAMABAD: The Reforms & Revenue Mobilization Commission (RRMC) has recommended the Ministry of Finance to...

Updated 01 Jun, 2023 08:53am

Tax liability of non-filers: Govt mulling giving NADRA new teeth

ISLAMABAD: The government is reviewing the powers of the National Database and Registration Authority (NADRA) in the...

Updated 31 May, 2023 09:00am

Filing of wealth statement: RRMC urges MoF to abolish requirement

ISLAMABAD: The Reforms and Revenue Mobilization Commission (RRMC) has recommended the Ministry of Finance to abolish...

Updated 31 May, 2023 09:01am

Levies under FTR on exports: Higher tax rate on dividend recommended

ISLAMABAD: The Reforms & Revenue Mobilization Commission (RRMC) has strongly recommended a higher rate of tax on...

Updated 31 May, 2023 08:55am

Business & Finance

Import shipments: RRMC underscores need for amendments in Customs laws

ISLAMABAD: The Reforms & Revenue Mobilization Commission (RRMC) has strongly recommended amendments in Customs...

Published 31 May, 2023 03:56am

Business & Finance

Cases of telecom operators: No maladministration committed by FBR during implementation of ADRC’s recommendations: FTO

ISLAMABAD: The Federal Tax Ombudsman (FTO) has observed that no maladministration has been committed by the Federal...

Published 31 May, 2023 03:56am

Business & Finance

FBR directed to ensure bug-free system for POS lucky draws

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

Published 30 May, 2023 03:37am

Builders, developers: Govt may extend tax incentives

ISLAMABAD: The government is likely to give tax incentives to builders and developers in the budget (2023-24) to...

Updated 30 May, 2023 09:25am

Benami assets: FBR may be empowered to invoke Sec 111 of IT Ord

ISLAMABAD: The government is likely to empower the Federal Board of Revenue (FBR) to invoke Section 111 (unexplained...

Updated 30 May, 2023 09:27am

Business & Finance

Islamic capital market: SBP governor highlights key challenges

ISLAMABAD: State Bank of Pakistan (SBP) Governor Jameel Ahmad said Monday that collaboration among regulators,...

Published 30 May, 2023 03:37am

SRO on ‘records of beneficial owners’ irks PBC

ISLAMABAD: The Pakistan Business Council (PBC) has expressed serious concern over the Federal Board of Revenue’s...

Updated 29 May, 2023 08:54am

Accumulated profits: Proposed advance tax may be challenged in courts

ISLAMABAD: The advance tax on companies’ accumulated profits proposed by the Reform and Revenue Mobilisation...

Updated 29 May, 2023 09:04am

Business & Finance

FBR urged to address errors, omissions thru finance bill

ISLAMABAD: Tax experts have urged the Federal Board of Revenue (FBR) to correct the errors and omissions of earlier...

Published 29 May, 2023 04:27am

Different categories of cos: SECP gets powers to approve capital expenditure/disposal of fixed assets

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has obtained powers to give approval of the...

Updated 28 May, 2023 10:00am

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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