Trends - EFS - Business Recorder

EFS

APTMA urges FBR to help rescue textile industry

ISLAMABAD: All Pakistan Textile Mills Association (APTMA) has sought intervention of Federal Board of Revenue (FBR)...

Published 21 Jan, 2025 06:12am

FBR grilled by SIFC for misuse of EFS

ISLAMABAD: The Federal Board of Revenue (FBR) was reportedly grilled at a recent meeting of Special Investment...

Updated 13 Jan, 2025 08:39am

Opinion

We are our own worst enemy

Almost three years into Pakistan’s economic crisis, the illusion of stability in indicators like the exchange rate...

Updated 09 Jan, 2025 07:47am

Exim Bank’s revival top priority: Aurangzeb

ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb has said that revival of Export and...

Updated 07 Jan, 2025 03:25pm

Senate panel told: Talks with 16 IPPs likely to yield results soon

ISLAMABAD: Following the termination of contracts of five independent power producers (IPPs), negotiations with 16...

Updated 02 Jan, 2025 09:43am

Markets

Weekly Cotton Review: Prices stable amid low trade volumes

KARACHI: Cotton prices improve during the previous amid challenges persisting. Recent market trends have shown a...

Updated 30 Dec, 2024 08:40am

PCA unearths Rs2.4bn tax fraud ‘committed’ by cement maker

KARACHI: The Post Clearance Audit (PCA) South has detected a tax fraud amounting to Rs. 2.4 billion against a...

Updated 30 Dec, 2024 09:23am

EFS, money laundering: PCA South uncovers another Rs478m scam

KARACHI: Post Clearance Audit (PCA) South has uncovered another Export Facilitation Scheme (EFS) and money...

Updated 24 Dec, 2024 09:39am

Markets

Weekly Cotton Review: Prices fluctuate amid robust trading volume

KARACHI: The local cotton market witnessed a continuous fluctuation in prices over the past week. However, the...

Published 16 Dec, 2024 07:07am

Business & Finance

APTMA demands govt restore Export Finance Scheme

KARACHI: The All Pakistan Textile Mills Association (APTMA) has demanded the federal government for immediate...

Updated 10 Dec, 2024 09:16am

Opinion

Unravelling of the Textile Sector

Pakistan’s textile industry, a key component of the economy and a full-spectrum value chain, is unravelling under...

Updated 09 Dec, 2024 08:21am

APTMA steps up pressure on govt to restore EFS

Pakistan’s textile industry accounts for 40 per cent of the country’s industrial workforce, providing livelihoods to millions of families

Updated 01 Dec, 2024 03:21pm

EFS benefits over 1,500 exporters with duty, tax-free imports

ISLAMABAD: Over 1500 exporters are enjoying the facility of duty and tax free imports under the Export Facilitation...

Updated 29 Nov, 2024 02:24pm

Business & Finance

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 20	278.70
USD PKR Interbank Buying / Jan 20	278.50
USD to Japanese Yen / Jan 20	156.03
USD to Swiss Franc / Jan 20	0.91
Pound Sterling to USD / Jan 20	1.22
Euro to USD / Jan 20	1.03

Stock	Volume
S&P 500 / Jan 17	5,996.66
Nasdaq / Jan 17	19,630.20
Dow Jones / Jan 17	43,487.83
India Sensex / Jan 20	77,231.09
Tokyo Nikkei / Jan 20	38,932.72
Hang Seng / Jan 20	19,990.17
FTSE 100 / Jan 20	8,532.51
Germany DAX 30 / Jan 20	20,903.07

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 17	18,785
Gold 10 Grams PKR / Jan 17	242,283
Crude Oil USD/Barrel / Jan 20	77.94
Gold Spot USD/Ounce / Jan 20	2,707.81
Cotton US¢/pound / Jan 20	67.60
Petrol/Litre / Jan 21	256.13

Gainers
Losers
Leaders

Stock	Price
Bank Makramah / Jan 20 Bank Makramah Limited(BML)	3.61 ▲ 0.91 (33.70%)
Burj Clean Energy Modaraba / Jan 20 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	8.60 ▲ 1.00 (13.16%)
Apna Microfin. / Jan 20 Apna Microfinance Bank Limited(AMBL)	10.50 ▲ 0.97 (10.18%)
I.C.C. Ind. / Jan 20 ICC Industries Limited(ICCI)	11.61 ▲ 1.06 (10.05%)
Loads Limited / Jan 20 Loads Limited(LOADS)	17 ▲ 1.55 (10.03%)
AKD Securities / Jan 20 AKD Securities Limited(AKDSL)	24.93 ▲ 2.27 (10.02%)
Ghani Chem. Ind. / Jan 20 Ghani Chemical Industries Limited(GCIL)	18.24 ▲ 1.66 (10.01%)
Attock Cement / Jan 20 Attock Cement Pakistan Limited(ACPL)	254.47 ▲ 23.13 (10.00%)
Baba Farid Sugar / Jan 20 Baba Farid Sugar Mills Limited(BAFS)	53.44 ▲ 4.86 (10.00%)

Stock	Price
Hussain Industries / Jan 20 Husein Industries Limited(HUSI)	31.09 ▼ -3.45 (-9.99%)
Faisal Sp. / Jan 20 Faisal Spinning Mills Limited(FASM)	334.01 ▼ -35.89 (-9.70%)
Parmount Sp. / Jan 20 Paramount Spinning Mills Limited(PASM)	4.61 ▼ -0.44 (-8.71%)
Sindh Abadgar / Jan 20 Sindh Abadgar's Sugar Mills Limited(SASML)	38.04 ▼ -3.46 (-8.34%)
MithchellsFruit / Jan 20 Mitchells Fruit Farms Limited(MFFL)	279 ▼ -24.10 (-7.95%)
LSE Financial Serv. / Jan 20 LSE Financial Services Limited(LSEFSL)	19.26 ▼ -1.62 (-7.76%)
AN Textile Mill / Jan 20 AN Textile Mills Limited(ANTM)	11.80 ▼ -0.99 (-7.74%)
Service Textile / Jan 20 Service Industries Textiles Limited(SERT)	13.82 ▼ -1.16 (-7.74%)
Masood Textile / Jan 20 Masood Textile Mills Limited(MSOT)	52.02 ▼ -4.22 (-7.50%)

Stock	Volume
WorldCall Telecom / Jan 20 Worldcall Telecom Limited(WTL)	101,934,297 ▼ -0.01
Lotte Chemical / Jan 20 Lotte Chemical Pakistan Limited(LOTCHEM)	59,408,954 ▲ 1.94
Bank Makramah / Jan 20 Bank Makramah Limited(BML)	57,604,421 ▲ 0.91
Hub Power Co. / Jan 20 The Hub Power Company Limited(HUBC)	36,888,747 ▲ 0.70
Hascol Petrol / Jan 20 Hascol Petroleum Limited(HASCOL)	32,496,536 ▲ 0.17
Dewan Motors / Jan 20 Dewan Farooque Motors Limited(DFML)	28,438,701 ▲ 1.02
Citi Pharma Ltd / Jan 20 Citi Pharma Ltd.(CPHL)	24,244,731 ▲ 7.71
Maple Leaf Cement / Jan 20 Maple Leaf Cement Factory Limited(MLCF)	19,741,577 ▲ 2.08
The Searle Co. / Jan 20 The Searle Company Limited(SEARL)	17,062,686 ▲ 4.29

Markets →

Budget 2024-25: income tax calculator for FY25

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