News stories for Sohail Sarfraz

Sohail Sarfraz

GST payments in installments: FBR empowered to facilitate federal, provincial govts

ISLAMABAD: The Federal Board of Revenue (FBR) has been empowered to grant permission to the federal and provincial...

Updated 24 Jul, 2022 09:01am

Edible oil, paper, other goods: WHT on imports made ‘minimum tax’

Under the Finance Act 2022, certain changes have been incorporated with regard to WHT on imports under section 148 of the Income Tax Ordinance 2001

Updated 24 Jul, 2022 03:38pm

Business & Finance

Import of Active Pharmaceutical Ingredients: DRAP certification mandatory for paying 1pc tax

Tax on drugs registered under the Drugs Act, 1976 applicable at reduced rate

Updated 23 Jul, 2022 12:22pm

FBR estimates potential Rs3trn tax gap

Gap exists due to tax exemptions given to powerful sectors/lobbies, massive tax evasion, inability of tax machinery to collect due taxes

Updated 23 Jul, 2022 02:30pm

Business & Finance

Less than Rs100m GST liability: Tax-related disputes can’t be brought before FBR

ISLAMABAD: Taxpayers now cannot bring tax-related disputes before the Federal Board of Revenue (FBR) involving sales...

Published 23 Jul, 2022 04:10am

Business & Finance

Finance Act: FBR expands scope of resident individual

ISLAMABAD: The Federal Board of Revenue (FBR) has expanded the scope of the definition of resident individual...

Updated 23 Jul, 2022 01:31pm

Resident persons: Deemed income from immovable properties now taxable

FBR circular explains important amendments made in the Income Tax Ordinance, 2001

Updated 23 Jul, 2022 12:42pm

Business & Finance

Minimum tax rate on OMCs’ turnover cut under Finance Act

Drops from 0.75% to 0.5%

Updated 22 Jul, 2022 12:30pm

Business & Finance

Service-related matters: FBR compiles records of tax officials using ‘political pressure’

ISLAMABAD: The Federal Board of Revenue (FBR) has compiled separate records of tax officials involved in exerting...

Published 22 Jul, 2022 06:07am

Tax rate on income of banking firms enhanced

Rises to 39% for tax year 2023 compared to 35%

Updated 22 Jul, 2022 09:23am

Business & Finance

Sales tax evasion: FBR asked to take action against big retailers

ISLAMABAD: The Federal Tax Ombudsman (FTO) on Thursday directed the Federal Board of Revenue (FBR) to take action...

Published 22 Jul, 2022 06:07am

Small retailers: fixed tax regime rationalized

Tax amounts shall be doubled if name of retailer does not appear on Active Taxpayers List

Updated 22 Jul, 2022 09:17am

Business & Finance

IT & IT-enabled services: Reduced rate of final tax provided to exporters registered with PSEB

ISLAMABAD: A reduced rate of final tax of 0.25 percent has been provided for exporters of the IT and IT-enabled...

Published 22 Jul, 2022 06:07am

Service charges/ commission/ fees: Payments to non-residents brought into the tax net

FBR inserts two new sub-sections in Section 152 of Income Tax Ordinance for taxation payments to non-residents

Updated 22 Jul, 2022 09:31am

Pakistan

Over 75 suo motu cases taken up by FTO in six months

ISLAMABAD: Federal Tax Ombudsman (FTO) Dr Asif Mehmood Jah took up over 75 suo motu cases pertaining to...

Published 21 Jul, 2022 06:59am

Business & Finance

Top corporate and individual taxpayers: FBR to share tax payment data after cabinet’s nod

Government’s permission is needed to share data as per Income Tax Ordinance 2001

Updated 21 Jul, 2022 10:28am

Capital assets in Pakistan: Tax on ‘deemed income’ challenged in LHC

LHC issues notice to Attorney General of Pakistan

Updated 21 Jul, 2022 09:49am

Business & Finance

FBR asked to devise ‘simple’ return form

ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to devise a simple return...

Published 20 Jul, 2022 07:37am

Business & Finance

President directs tax dept to adequately compensate importer

ISLAMABAD: President of Pakistan has rejected a representation filed by the Federal Board of Revenue (FBR) and...

Published 20 Jul, 2022 05:48am

Business & Finance

Fixed tax regime for furniture retailers on the cards

ISLAMABAD: The government would announce a fixed tax regime for the furniture retailers to pay sales tax on the ...

Published 20 Jul, 2022 05:48am

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	153.83
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
Nasdaq / Nov 25	18,054.84
Dow Jones / Nov 25	44,736.57
India Sensex / Nov 26	80,083.15
Tokyo Nikkei / Nov 26	38,266.61
Hang Seng / Nov 26	19,174.25
FTSE 100 / Nov 26	8,253.38
Germany DAX 30 / Nov 26	19,284.47

Item	Value
Gold 10 Grams PKR / Nov 25	244,860.20
Crude Oil USD/Barrel / Nov 26	69.17
Karachi Cotton PKR/37.32 KG / Nov 26	17,685
Gold Spot USD/Ounce / Nov 26	2,623.04
Cotton US¢/pound / Nov 26	71.35
Petrol/Litre / Nov 27	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 27 786 Investments Limited(786)	6.48 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 27 Al-Abbas Sugar Mills Limited(AABS)	610.84 ▼ 0.00 (0.00%)
Agro Allianz / Nov 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 27 Ali Asghar Textile Mills Limited(AATM)	68.52 ▼ 0.00 (0.00%)
Allied Bank / Nov 27 Allied Bank Limited(ABL)	125.50 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 27 Abbott Laboratories (Pakistan) Limited(ABOT)	917.87 ▼ 0.00 (0.00%)
Abson Ind. / Nov 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 27 Alfalah Consumer Index ETF.(ACIETF)	11.82 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 27 786 Investments Limited(786)	6.48 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 27 Al-Abbas Sugar Mills Limited(AABS)	610.84 ▲ 0.00 (0.00%)
Agro Allianz / Nov 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 27 Ali Asghar Textile Mills Limited(AATM)	68.52 ▲ 0.00 (0.00%)
Allied Bank / Nov 27 Allied Bank Limited(ABL)	125.50 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 27 Abbott Laboratories (Pakistan) Limited(ABOT)	917.87 ▲ 0.00 (0.00%)
Abson Ind. / Nov 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 27 Alfalah Consumer Index ETF.(ACIETF)	11.82 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Nov 27 K-Electric Limited(KEL)	101,636,133 ▲ 0.00
B.O.Punjab / Nov 27 The Bank of Punjab(BOP)	92,023,190 ▲ 0.00
Hascol Petrol / Nov 27 Hascol Petroleum Limited(HASCOL)	73,320,431 ▲ 0.00
Fauji Foods Ltd / Nov 27 Fauji Foods Limited(FFL)	54,116,789 ▲ 0.00
Sui South Gas / Nov 27 Sui Southern Gas Company Limited(SSGC)	54,088,119 ▲ 0.00
Treet Battery / Nov 27 Treet Battery Limited(TBL)	49,797,748 ▲ 0.00
Pace (Pak) Ltd. / Nov 27 Pace (Pakistan) Limited(PACE)	47,465,434 ▲ 0.00
WorldCall Telecom / Nov 27 Worldcall Telecom Limited(WTL)	44,206,223 ▲ 0.00
Cnergyico PK / Nov 27 Cnergyico PK Limited(CNERGY)	34,058,498 ▲ 0.00

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