Trends - EFS - Business Recorder

EFS

APTMA urges govt to urgently restore EFS to pre-Finance Act 2024 status

ISLAMABAD: All Pakistan Textile Mills Association (APTMA) has urged the government to urgently restore Export...

Published 26 Oct, 2024 07:24am

Business & Finance

Key challenges: APTMA seeks Finance Minister’s help

ISLAMABAD: All Pakistan Textile Mills Association (APTMA) has sought Finance Minister’s support in resolution of...

Published 18 Oct, 2024 06:10am

EFS ends: Exporters now to pay regular income tax: IMF

ISLAMABAD: Exporters will be brought into the regular income tax regime, Exporters Facilitation Scheme terminated,...

Updated 12 Oct, 2024 09:50pm

Opinion

The impact of reduced cotton production on rural economies and country’s balance of payments

The basic rule of economics is clear: global demand drives global production, and countries with a comparative...

Updated 08 Oct, 2024 08:40am

Business & Finance

APTMA chief underscores need for reducing electricity tariffs, restoring RCET

LAHORE: Newly-elected Chairman All Pakistan Textile Mills Association (APTMA) Kamran Arshad has urged policymakers ...

Published 01 Oct, 2024 07:34am

Concerns voiced over ‘growing misuse’ of EFS

ISLAMABAD: The All Pakistan Textile Mills Association (APTMA) has expressed its concerns about the growing misuse of...

Updated 24 Sep, 2024 09:11am

Business & Finance

PHMA wants interest rate in single-digit

KARACHI: Pakistan Hosiery Manufacturers & Exporters Association (PHMA) has urged the State Bank to cut interest...

Published 13 Sep, 2024 06:13am

Business & Finance

PCA South uncovers Rs551m EFS scam in textile unit

KARACHI: The Post Clearance Audit (PCA) South has unveiled a colossal fiscal fraud and Export Facilitation Scheme...

Published 13 Aug, 2024 07:02am

Business & Finance

High capacity payments jeopardised economy: APTMA

KARACHI: All Pakistan Textile Mills Association (Aptma) has held IPPs responsible for higher electricity tariff in...

Published 02 Aug, 2024 05:55am

Opinion

Export ambitions vs economic realities

While the Government is seeking a 100% increase in exports over the next three years, maintaining even the current...

Published 23 Jul, 2024 07:05am

Input goods for finished items: EFS users required to pay GST on supply: FBR

ISLAMABAD: Manufacturers-cum-exporters (users) of “Export Facilitation Scheme” (EFS) would now be required to pay...

Updated 19 Jul, 2024 10:16am

Business & Finance

ICMA details critical highlights, implications of federal budget

KARACHI: Institute of Cost and Management Accountants (ICMA) has detailed the critical highlights and implications ...

Updated 19 Jul, 2024 06:43am

APTMA urges govt to revisit Finance Bill

ISLAMABAD: All Pakistan Textile Mills Association (APTMA) expressing serious concerns over the FY25 budget stated...

Updated 21 Jun, 2024 09:15am

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

Scope of EFC curtailed

ISLAMABAD: The government has curtailed the scope of the Export Facilitation Scheme (EFC) of exporters under the...

Published 13 Jun, 2024 06:22am

Business & Finance

Import of cotton: APTMA opposes govt’s plan to impose duties

ISLAMABAD: All Pakistan Textile Mills Association (APTMA) has strongly opposed government’s intention to impose...

Published 12 Jun, 2024 06:51am

Rs233m scam involving textile unit uncovered

KARACHI: The Collectorate of Customs, Adjudication II, Karachi has uncovered a massive Rs 233 million scam involving...

Updated 20 Apr, 2024 02:08pm

Export Facilitation Scheme 2021: FBR imposes certain conditions on new exporters

ISLAMABAD: The Federal Board of Revenue (FBR) has imposed certain conditions on new exporters for acquisition of...

Updated 30 Mar, 2024 02:21pm

Business & Finance

FBR urged to resolve issues of steel sector

ISLAMABAD: The documented steel sector has requested the Chairman Federal Board of Revenue (FBR) to resolve value...

Published 27 Mar, 2024 04:38am

‘Misuse’ of EFS: Rs1.08bn tax evasion scam unearthed

KARACHI: The Directorate General of Post Clearance Audit (PCA) South has uncovered a massive tax evasion scam...

Updated 09 Mar, 2024 01:21pm

ECC asks MoC to review EFS in consultation with FBR

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has directed Commerce Ministry to review Export...

Updated 23 Feb, 2024 11:02am

Business & Finance

EFS: another tax ‘fraud’ detected

KARACHI: Another tax fraud, amounting to around Rs 358 million has been detected in the Export Facilitation Scheme...

Published 23 Feb, 2024 06:36am

Business & Finance

EFS: official explains FBR’s planned approach to textile value chain

LAHORE: In a recent interaction with members of the All Pakistan Textile Mills Association (APTMA), Muhammad Sadiq,...

Published 22 Feb, 2024 06:55am

Markets

Textile unit commits Rs1.4bn tax ‘fraud’ by ‘misusing’ EFS

KARACHI: A textile unit, reportedly owned by political bigwigs, has committed around Rs 1.4 billion tax fraud by...

Updated 21 Feb, 2024 11:15am

‘Hurdles’ to copper ingots’ export to China: Exporters move SIFC against FBR

ISLAMABAD: Exporters have approached the Special Investment Facilitation Council (SIFC) against the Federal Board of...

Updated 23 Jan, 2024 09:08am

Export sectors: SBP asked to review limits under EFS facilities

Members emphasise that export oriented sector requires at least medium-term predictability on key indicators such as energy costs, exchange rates and borrowing costs

Updated 06 Jan, 2024 09:51pm

Editorials

Exim Bank of Pakistan

EDITORIAL: The Export-Import (Exim) Bank of Pakistan will finally be operational. It was one of the conditions of ...

Published 29 Dec, 2023 02:58am

Input goods’ import: SBP unveils procedure for availing EFS ITM facility

KARACHI: The State Bank of Pakistan (SBP) has announced the procedure for availing International Toll Manufacturing...

Updated 28 Dec, 2023 09:41am

Business & Finance

BOP conducts first transaction under EXIM Bank’s export finance facility

ISLAMABAD: The Bank of Punjab (BOP) becomes the first bank to execute a transaction for Export Import Bank of...

Published 23 Dec, 2023 06:16am

Business & Finance

TDAP, SBP organise awareness session for exporters

KARACHI: TDAP organised an awareness session for the exporters in collaboration with the State Bank of Pakistan at...

Published 03 Nov, 2023 06:11am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 21	278.03
USD PKR Interbank Buying / Nov 21	277.78
USD to Japanese Yen / Nov 21	154.92
USD to Swiss Franc / Nov 21	0.88
Pound Sterling to USD / Nov 21	1.26
Euro to USD / Nov 21	1.05

Stock	Volume
S&P 500 / Nov 20	5,917.11
Nasdaq / Nov 20	18,966.14
Dow Jones / Nov 20	43,408.47
India Sensex / Nov 21	77,137.20
Tokyo Nikkei / Nov 21	38,026.17
Hang Seng / Nov 21	19,620.49
FTSE 100 / Nov 21	8,069.57
Germany DAX 30 / Nov 21	18,942.65

Item	Value
Gold 10 Grams PKR / Nov 20	238,940
Petrol/Litre / Nov 21	248.38
Crude Oil USD/Barrel / Nov 21	69.38
Karachi Cotton PKR/37.32 KG / Nov 21	17,785
Gold Spot USD/Ounce / Nov 21	2,662.71
Diesel/Litre / Nov 21	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▼ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▼ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▼ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▲ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▲ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▲ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Nov 21 K-Electric Limited(KEL)	174,389,145 ▲ 0.00
Hascol Petrol / Nov 21 Hascol Petroleum Limited(HASCOL)	63,973,243 ▲ 0.00
Kohinoor Spining / Nov 21 Kohinoor Spinning Mills Limited(KOSM)	62,996,737 ▲ 0.00
Aisha Steel Mill / Nov 21 Aisha Steel Mills Limited(ASL)	48,137,561 ▲ 0.00
Waves Home Appliances / Nov 21 Waves Home Appliances Limited(WAVESAPP)	43,506,391 ▲ 0.00
Lotte Chemical / Nov 21 Lotte Chemical Pakistan Limited(LOTCHEM)	40,852,960 ▲ 0.00
Telecard Limited / Nov 21 Telecard Limited(TELE)	36,937,252 ▲ 0.00
Cnergyico PK / Nov 21 Cnergyico PK Limited(CNERGY)	31,401,025 ▲ 0.00
WorldCall Telecom / Nov 21 Worldcall Telecom Limited(WTL)	31,346,592 ▲ 0.00

Markets →

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