News stories for Sohail Sarfraz

Sohail Sarfraz

Business bank account opening: RRMC for making NTN mandatory

ISLAMABAD: The Reforms & Revenue Mobilisation Commission (RRMC) has recommended that the National Tax Number...

Updated 28 May, 2023 10:00am

Income tax: Govt likely to introduce e-assessment scheme

ISLAMABAD: The government is likely to introduce an electronic-assessment scheme in the budget (2023-24) to conduct...

Updated 28 May, 2023 09:58am

Business & Finance

Goods/passenger transport vehicles: RRMC recommends one-time/ transactional advance tax

ISLAMABAD: The Reforms & Revenue Mobilization Commission (RRMC) has recommended a one-time/transactional advance...

Published 27 May, 2023 06:09am

RRMC advocates extending income tax exemption to REITs

ISLAMABAD: The Reforms & Revenue Mobilization Commission (RRMC) has recommended the government to extend the...

Updated 27 May, 2023 08:54am

Business & Finance

Conference on ‘Islamic Capital Markets’ on Monday

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) and Accounting and Auditing Organization for...

Published 26 May, 2023 06:48am

Business & Finance

Tax base boost task: RRMC recommends deployment of at least 30pc of FBR workforce

ISLAMABAD: The Reforms and Revenue Mobilisation Commission (RRMC) has strongly recommended the Federal Board of...

Published 26 May, 2023 06:48am

FY24 budget: RRMC recommends cashless purchases at petrol pumps

ISLAMABAD: The Reforms & Revenue Mobilization Commission (RRMC) has recommended that petrol stations across the...

Updated 26 May, 2023 12:53pm

Business & Finance

Tobacco sector: significant decline in sales hitting national exchequer

ISLAMABAD: The documented tobacco sector in Pakistan is experiencing a significant decline in sales, resulting in a...

Published 26 May, 2023 06:48am

Business & Finance

PALSP voices concerns over misuse of tax exemptions in NMDs

ISLAMABAD: The Pakistan Association of Large Steel Producers (PALSP) has raised serious concerns regarding the ...

Published 25 May, 2023 06:26am

Wholesale, retail sectors: Govt considering ending multiple withholding taxes

ISLAMABAD: The government is considering a recommendation of the Reforms & Revenue Mobilization Commission...

Updated 25 May, 2023 08:50am

Govt likely to shift exporters from FTR to MTR scheme

ISLAMABAD: The government is likely to shift the exporters from the Final Tax Regime (FTR) to the Minimum Tax Regime...

Updated 25 May, 2023 08:49am

Default fears deepen but Dar exudes optimism

Assures business community that focus of upcoming budget (2023-24) would be broadening tax base and document new taxpayers

Updated 25 May, 2023 08:55am

Non-corporate businesses: RRMC suggests hike in tax rates

ISLAMABAD: The Reforms & Revenue Mobilization Commission (RRMC) has strongly recommended an increase in tax ...

Updated 25 May, 2023 08:53am

Govt decides to set up five more anti-smuggling courts

ISLAMABAD: The government has decided to constitute five additional Anti-Smuggling Courts for speedy trial of...

Updated 24 May, 2023 08:50am

Business community held out assurance

ISLAMABAD: The Federal Board of Revenue (FBR) has assured the business community of taking up their budgetary...

Updated 24 May, 2023 08:49am

FBR considering documenting non-filers’ property deals

ISLAMABAD: The Federal Board of Revenue (FBR) is considering some major taxation proposals to document transactions...

Updated 24 May, 2023 12:32pm

Business & Finance

FBR directed to deregister small jewellers

SLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to deregister small...

Published 24 May, 2023 05:57am

FY24 Budget: Rs9.2trn tax collection target expected

ISLAMABAD: The tax collection target of the Federal Board of Revenue (FBR) would be fixed within the range of Rs 9...

Updated 23 May, 2023 08:49am

Business & Finance

PSW launches new service to facilitate import & clearance of pesticides

ISLAMABAD: Pakistan Single Window (PSW) has launched a new service to facilitate the import and clearance of...

Published 23 May, 2023 06:14am

Business & Finance

Pharma sector: FBR likely to come up with tax relief measures

ISLAMABAD: The Federal Board of Revenue (FBR) is working on tax relief measures for the pharmaceutical sector to be...

Published 23 May, 2023 06:14am

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
Crude Oil USD/Barrel / Jan 9	73.16
Gold Spot USD/Ounce / Jan 9	2,659.11
Cotton US¢/pound / Jan 9	68.16
Petrol/Litre / Jan 10	252.66

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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