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Atif Ikram Sheikh

UNIDO–ITPO Bahrain to set up EDIP centres in FPCCI

KARACHI: Atif Ikram Sheikh, President FPCCI, has apprised that FPCCI and UNIDO–ITPO Bahrain have exchanged letters...

Published 17 Dec, 2024 06:47am

Markets

‘Interest rate still too high’: business community reacts to SBP’s cut of 200bps

Pakistan business community welcomed the State Bank of Pakistan’s (SBP) decision to cut the key policy rate by 200...

Updated 16 Dec, 2024 09:05pm

Pakistan

FPCCI terms statement of Mayor as confused

KARACHI: Atif Ikram Sheikh, President FPCCI, has termed the statement of Murtaza Wahab, Mayor Karachi, as confused,...

Published 04 Dec, 2024 03:14am

Business & Finance

Balochistan needs govt’s special attention: FPCCI

KARACHI: Atif Ikram Sheikh, President FPCCI, has apprised FPCCI’s stance that Balochistan needs special attention...

Published 03 Dec, 2024 07:37am

Business & Finance

FPCCI chief underscores need for ‘new’ Ogra law

KARACHI: Atif Ikram Sheikh, President FPCCI, has demanded that the country needs a new law for its Oil & Gas...

Published 26 Nov, 2024 05:49am

‘Petrochemical import halt sparks industry crisis’: FPCCI

KARACHI: The President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Atif Ikram Sheikh...

Updated 24 Nov, 2024 10:07am

Pakistan

FPCCI expresses grief over terrorist attacks in Balochistan

KARACHI: Atif Ikram Sheikh, President FPCCI and Nasir Khan, VP FPCCI, (Balochistan) have expressed their profound...

Published 23 Nov, 2024 06:19am

Business & Finance

Objections raised on Amendment to Petroleum Act 1934

KARACHI: Atif Ikram Sheikh, President FPCCI, has apprised that Abdul Ali Khan, Director General of Explosives, has...

Published 17 Nov, 2024 05:53am

Business & Finance

President FPCCI elected VP CACCI for 2024 -26

KARACHI: Atif Ikram Sheikh, President FPCCI, has been elected as the Vice President of the Confederation of Asia -...

Published 13 Nov, 2024 08:42am

Business & Finance

FPCCI seeks ‘winter package’ for trade & industry

KARACHI: Atif Ikram Sheikh, President FPCCI, has urged the government to announce a comprehensive, effective and...

Published 07 Nov, 2024 06:16am

Business & Finance

FPCCI president demands MPC cut policy rate by 500 basis points

KARACHI: Atif Ikram Sheikh, President FPCCI, has apprised that the business, industry and trade community of ...

Published 02 Nov, 2024 06:15am

Business & Finance

FPCCI chief apprises FSP delegation about economic challenges

KARACHI: Atif Ikram Sheikh, President Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has apprised...

Published 29 Oct, 2024 03:27am

Business & Finance

Harassment of taxpayers: FBR chief has agreed to resolve issue: FPCCI chief

KARACHI Atif Ikram Sheikh, President FPCCI, has apprised that Rashid Mahmood Langrial, Chairman of the Federal Board...

Published 24 Oct, 2024 07:51am

Pakistan

Crime rate on the decline, IGP tells businesspeople

KARACHI: Ghulam Nabi Memon, IG Sindh Police, informed business community that crime is on the decline in the city as...

Published 06 Oct, 2024 02:44am

Business & Finance

FPCCI demands lowering policy rate to 9pc

KARACHI: Atif Ikram Sheikh, President Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has...

Published 03 Oct, 2024 07:50am

Business & Finance

FPCCI urges COAS to help reduce power, gas tariffs

KARACHI: Atif Ikram Sheikh, President FPCCI, has sought Army Chief’s support in bringing electricity and gas...

Published 29 Sep, 2024 02:46am

Business & Finance

FPCCI President highlights difficulties in filing income tax returns

KARACHI: Atif Ikram Sheikh, President FPCCI, has highlighted the technical difficulties and delays in filing income...

Published 28 Sep, 2024 07:16am

Business & Finance

FPCCI seeks 400bps cut in interest rate

LAHORE: The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) has called on the government and ...

Updated 07 Sep, 2024 09:00am

Business & Finance

FPCCI says against any further increase in taxes

KARACHI: Atif Ikram Sheikh, President FPCCI, has unequivocally stated that FPCCI vociferously opposed any further...

Published 04 Sep, 2024 08:18am

Business & Finance

Business community expecting higher cuts in key policy rate: FPCCI

KARACHI: Atif Ikram Sheikh, President FPCCI, has said that the policy rate cuts announced over the last two monetary...

Published 27 Aug, 2024 06:44am

Business & Finance

‘Govt facilitating businessmen to achieve set exports target’

ISLAMABAD: The government is taking steps to facilitate the business community, thereby, enabling them to achieve ...

Published 27 Jul, 2024 07:16am

Business & Finance

FPCCI demands reviewing agreements with IPPs

ISLAMABAD: President Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Atif Ikram Sheikh has said...

Updated 22 Jul, 2024 07:57am

Business & Finance

Exporters urged to focus on Malawi

KARACHI: Abdullah Zaki, honorary Consul General of Malawi in Pakistan, explained that there is an enormous potential...

Published 13 Jul, 2024 06:13am

Editorials

Bank deposits of non-filers

EDITORIAL: Atif Ikram Sheikh, President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and...

Published 26 Jun, 2024 03:15am

Bank deposits: Non-filers can face prospect of 30pc tax

ISLAMABAD: The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) President Atif Ikram Sheikh and...

Updated 25 Jun, 2024 08:28am

Business & Finance

Budget, Finance Bill: Trade bodies discuss ‘glaring anomalies’

KARACHI: Atif Ikram Sheikh, President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Dr Gohar...

Published 22 Jun, 2024 06:47am

Business & Finance

FPCCI seeks PM’s intervention to save exporters’ interests

KARACHI: Atif Ikram Sheikh President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has conveyed...

Published 17 Jun, 2024 05:30am

Business & Finance

Finance Bill 2024: FBR sets up two ‘anomaly committees’

ISLAMABAD: The Federal Board of Revenue (FBR) has constituted two anomaly committees in order to identify and remove...

Published 16 Jun, 2024 02:40am

Business & Finance

Budget: FPCCI gives a mixed reaction

KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Wednesday expressed a mixed reaction ...

Published 13 Jun, 2024 06:22am

Business & Finance

Business community leader says 150bps rate cut ‘too little, too late’

KARACHI: Business and industrial community has termed the meagre reduction in interest rate a bit disappointing and...

Published 11 Jun, 2024 03:17am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Petrol/Litre / Dec 21	252.10
Karachi Cotton PKR/37.32 KG / Dec 21	17,585

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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Budget 2024-25: income tax calculator for FY25

Atif Ikram Sheikh

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