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Audit

Rs1.8m GST cuts on services: FBR and top CA firm at loggerheads

KARACHI: The Federal Board of Revenue (FBR) and a top Chartered Accountants (CA) firm are at loggerheads over Rs.1.8...

Updated 17 Dec, 2024 03:23pm

‘Fake’ purchase of coal by cement makers: Abrupt transfer of officers halts probe into Rs11bn tax fraud

KARACHI: The Federal Board of Revenue (FBR) has reportedly halted investigations into an alleged Rs11 billion tax...

Updated 10 Dec, 2024 03:25pm

PTI’s tree tsunami programme: Audit exposes Rs5.2bn mismanagement

KARACHI: A recent special audit of Auditor General of Pakistan (AGP) has uncovered serious deficiencies in PTI’s...

Updated 27 Nov, 2024 09:27am

Supplementary grants: IMF seeks to limit govt discretion

ISLAMABAD: The International Monetary Fund (IMF) has asked Pakistan to initiate legal changes, required to limit the...

Updated 16 Nov, 2024 09:08pm

Editorials

An initial audit by IMF?

EDITORIAL: Confirmed reports suggest that the visiting International Monetary Fund (IMF) mission met Finance...

Updated 14 Nov, 2024 07:08am

Pakistan

Audit reveals serious financial irregularities in MoST accounts

ISLAMABAD: The Auditor General of Pakistan (AGP) has raised serious audit observations involving foul play like...

Published 12 Nov, 2024 06:38am

Pakistan

Unjustified Rs1.58bn retention by DDOs: AGP raises concerns over CDA’s financial management practices

ISLAMABAD: The Auditor General of Pakistan (AGP) has raised serious concerns over the Capital Development Authority...

Published 12 Nov, 2024 06:38am

Pakistan

RTO-II team ‘held hostage’ by marriage hall staff

KARACHI: A team of the Federal Board of Revenue (FBR) officials from RTO-II, Zone V were taken hostage at a marriage...

Published 07 Nov, 2024 06:16am

CDA faces criticism as audit reveals lack of transparency

ISLAMABAD: The Capital Development Authority (CDA) faced severe criticism after an audit revealed a lack of...

Updated 03 Nov, 2024 05:23pm

Business & Finance

Tax dept misuses authority: Automatic audit selection under fire

LAHORE: The tax department’s automatic selection of tax returns for audit has come under scrutiny, with critics...

Updated 02 Nov, 2024 07:04am

KE, AGP at odds over ‘subsidy data’ issue

ISLAMABAD: The Auditor General of Pakistan (AGP) and K-Electric (KE) are reportedly at odds over the provision of...

Updated 05 Oct, 2024 02:46pm

Business & Finance

Audit affairs: FBR appoints 2 new members

ISLAMABAD: The Federal Board of Revenue (FBR) has appointed two new members of audit affairs including a Member...

Updated 04 Oct, 2024 07:19am

Sports

PCB made Rs16.386m ‘illicit’ payments to BoG members: AGP

ISLAMABAD: The Auditor General of Pakistan (AGP) has observed that Pakistan Cricket Board (PCB) made unauthorised...

Updated 01 Oct, 2024 09:20am

Business & Finance

PBF for forensic audit of all power facilities

KARACHI: President Pakistan Business Forum (PBF) Khawaja Mehboobur Rahman questioned the rationale for paying...

Published 17 Sep, 2024 06:33am

Editorials

Third-party audit

EDITORIAL: Prime Minister Shehbaz Sharif while presiding over a meeting on electronic procurement, e-acquisition and...

Published 28 Aug, 2024 06:45am

Rs151bn ‘irregular’ payment to KAPCO: CPPA-G seeks audit para settlement

ISLAMABAD: The Central Power Purchasing Agency–Guaranteed (CPPA-G) has asked Audit to settle an audit para about...

Updated 22 Aug, 2024 09:36am

AGP finds Rs33bn discrepancies in tax receipts

KARACHI: The Auditor General of Pakistan (AGP) has uncovered significant discrepancies exceeding Rs. 33,500 million...

Updated 25 Jul, 2024 09:33am

To be conducted by PPIB, CPPA-G and Nepra: Govt orders ‘audit’ of agreements with IPPs

ISLAMABAD: Minister for Power Sardar Awais Khan Leghari on Friday ordered the audit of dozens of IPPs (Independent...

Updated 13 Jul, 2024 08:53am

Third-party audit of fertilizer companies ordered

ISLAMABAD: The Ministry of Industries and Production has decided to conduct a third-party audit of the fertiliser...

Updated 21 Jun, 2024 04:01pm

Editorials

IMF programme: there is need for design audit

EDITORIAL: Multilaterals, including the International Monetary Fund (IMF), have developed independent audit...

Updated 27 May, 2024 06:29am

Pakistan

Cable manufacturer challenges ‘automatic selection’ of case

LAHORE: A cable manufacturer has challenged automatic selection of his case for audit, saying that the audit...

Published 22 Mar, 2024 04:57am

Pakistan

Seeking ‘audit’ of Feb 8 polls, PTI moves SC

ISLAMABAD: The Supreme Court (SC) has been urged to constitute a judicial commission, consisting of serving SC ...

Published 21 Mar, 2024 05:22am

Pakistan

Official highlights importance of role of auditors, global audit standards

FAISALABAD: Director General Audit Power Sheikh Nadeem Amjad has said that the role of auditors is very important to...

Published 11 Mar, 2024 04:45am

Business & Finance

Taxpayer claims audit proceedings conducted under repealed provisions

LAHORE: A taxpayer has alleged the income tax department to have used repealed provisions of the law to carry out...

Published 28 Feb, 2024 06:10am

Property registration in Punjab: Mega WHT evasion scam unearthed

Tax office of Federal Board of Revenue conducts an electronic audit of property registrars in Punjab

Updated 18 Dec, 2023 11:51am

Pakistan

Expenditures, receipts: PAOs must ensure reconciliation with AGPR on monthly basis: FD

ISLAMABAD: The Finance Division has directed all principal accounting officers to ensure reconciliation of...

Published 16 Dec, 2023 05:49am

Pakistan

CDA: Audit observes Rs95.9bn financial ‘irregularities’

ISLAMABAD: The Auditor General of Pakistan (AGP) raised observations about the financial irregularities of the...

Published 07 Oct, 2023 06:01am

Pakistan

QWP demands audit of deals with IPPs

PESHAWAR: Qaumi Watan Party (QWP) Chairman Aftab Ahmad Khan Sherpao on Saturday said an audit should be conducted...

Published 03 Sep, 2023 02:59am

Pakistan

PAC directs regulatory authorities, others to cooperate with AGP

ISLAMABAD: The Public Accounts Committee (PAC) reiterated the regulatory authorities, the NADRA Technologies Limited...

Published 26 May, 2023 06:48am

Pakistan

‘Charged appropriate accounts’ of last 10 years: PAC chairman to move resolution in NA for appearance of SC Registrar

ISLAMABAD: The Public Accounts Committee (PAC) chairman would move a resolution in the National Assembly for the...

Published 17 May, 2023 06:22am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 17	278.60
USD PKR Interbank Buying / Dec 17	278.60
USD to Japanese Yen / Dec 17	153.56
USD to Swiss Franc / Dec 17	0.89
Pound Sterling to USD / Dec 17	1.27
Euro to USD / Dec 17	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
India Sensex / Dec 17	80,684.45
Tokyo Nikkei / Dec 17	39,164.26
Nasdaq / Dec 17	20,109.06
Hang Seng / Dec 17	19,815.30
FTSE 100 / Dec 17	8,195.20
Dow Jones / Dec 17	43,449.90
Germany DAX 30 / Dec 17	20,246.37

Item	Value
Crude Oil USD/Barrel / Dec 17	70.11
Karachi Cotton PKR/37.32 KG / Dec 17	17,585
Gold 10 Grams PKR / Dec 17	241,860
Gold Spot USD/Ounce / Dec 17	2,644.07
Cotton US¢/pound / Dec 17	68.53
Petrol/Litre / Dec 18	252.10

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
Dadabhoy Cement / Dec 18 Dadabhoy Cement Industries Limited(DBCI)	7.87 ▲ 0.76 (10.69%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Nimir Resins / Dec 18 Nimir Resins Limited(NRSL)	35.16 ▲ 3.20 (10.01%)
Data Agro / Dec 18 Data Agro Limited(DAAG)	139.24 ▲ 12.66 (10.00%)
Diamond Ind. / Dec 18 Diamond Industries Limited(DIIL)	20.90 ▲ 1.90 (10.00%)
Pak Datacom / Dec 18 Pak Datacom Limited(PAKD)	103.94 ▲ 9.45 (10.00%)
B.R.R. Guardian / Dec 18 B.R.R. Guardian Limited(BRRG)	21.24 ▲ 1.93 (9.99%)

Stock	Price
Equity Modaraba / Dec 18 First Equity Modaraba(FEM)	3.01 ▼ -0.43 (-12.50%)
Dewan Textile / Dec 18 Dewan Textile Mills Limited(DWTM)	5.67 ▼ -0.77 (-11.96%)
Blue-Ex Ltd / Dec 18 Blue-Ex Limited (GEM)(GEMBLUEX)	37.76 ▼ -4.20 (-10.01%)
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
Din Tex. / Dec 18 Din Textile Mills Limited(DINT)	45.90 ▼ -5.10 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Bilal Fibres / Dec 18 Bilal Fibres Limited(BILF)	12.61 ▼ -1.40 (-9.99%)
Calcorp Ltd / Dec 18 Calcorp Limited(CASH)	26.22 ▼ -2.91 (-9.99%)
Imperial Limited / Dec 18 Imperial Limited(IML)	20.20 ▼ -2.20 (-9.82%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.12
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 0.12
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	58,285,174 ▼ -0.48
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	57,202,972 ▲ 0.04
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▼ -0.45
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 1.40
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▲ 0.04
Hub Power Co. / Dec 18 The Hub Power Company Limited(HUBC)	33,289,968 ▼ -3.24
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	31,365,092 ▼ -0.14

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