Trends - Saleem Mandviwalla - Business Recorder

Saleem Mandviwalla

Cabinet refuses to relax Import Policy Order for stuck vintage cars

ISLAMABAD: The Federal Cabinet has refused to exempt stuck vintage cars imported by elite from applicable Import...

Updated 21 Dec, 2024 03:38pm

NFC award: govt official says IMF has attached no conditions

ISLAMABAD: The Senate Standing committee on Finance and Revenue, while observing increasing distortions in resources...

Updated 12 Dec, 2024 09:40am

Pakistan

SC Ordinance not tabled: Senate adjourned due to lack of quorum

ISLAMABAD: The federal government, Friday, failed to move in the Senate the Supreme Court (Practice and Procedure)...

Published 26 Oct, 2024 05:55am

Higher returns thru Islamic banking perturb Senate panel?

ISLAMABAD: State Bank of Pakistan (SBP) Governor Jameel Ahmad, Wednesday, said that inflation is expected to remain...

Updated 26 Sep, 2024 09:03am

Pakistan

Cannabis Control Bill referred to standing committee

ISLAMABAD: The Senate Standing Committee on Finance referred the government bill, “The Cannabis Control and...

Published 07 Sep, 2024 06:59am

Pakistan

Senate panel unanimously adopts journalists’ protection bill

ISLAMABAD: The Senate Standing Committee on Information and Broadcasting took significant steps on Wednesday to...

Published 29 Aug, 2024 06:53am

‘Fleecing by Islamic banks’: Senate panel seeks detailed briefing from SBP

ISLAMABAD: The Senate Standing Committee on Finance, Wednesday, directed the State Bank of Pakistan (SBP) to provide...

Updated 29 Aug, 2024 08:56am

Govt mulling shutting down utility stores

ISLAMABAD: The federal government to get itself out of the unnecessary businesses activities is considering to close...

Updated 24 Aug, 2024 02:52pm

Talks with IMF moving in right direction: Aurangzeb

ISLAMABAD: Finance Minister Muhammad Aurangzeb has said that the International Monetary Fund (IMF) Executive Board...

Updated 22 Aug, 2024 08:52am

Educational, health institutions: Senate panel tells FBR to give details of tax, duty relief

ISLAMABAD: The Senate Standing Committee on Finance has sought details of the educational and health institutions...

Updated 07 Aug, 2024 08:36am

Senate panel rejects increased tax on salaried class

ISLAMABAD: The upper house of the parliament, Monday, adopted the report of its finance panel containing...

Updated 25 Jun, 2024 09:42am

Pakistan

Finance Bill 2024: Senate proposes whopping 128 recommendations to National Assembly

Senate Standing Committee on Finance unanimously rejects increase in tax on low-tier salaried class, Chairman Saleem Mandviwalla says

Updated 24 Jun, 2024 11:02pm

Tax measures to stoke inflation: Senate panel

ISLAMABAD: The Senate Standing Committee on Finance has expressed serious concerns over the proposed tax measures in...

Updated 23 Jun, 2024 03:16pm

e-vehicles, telecom sector: FBR vows to review omission of incentives

ISLAMABAD: The Federal Board of Revenue (FBR) has assured the finance committee that it will review the omission of...

Updated 21 Jun, 2024 09:17am

Pakistan

High octane: Senate body recommends hike in PL to Rs100/litre

ISLAMABAD: The Senate Standing Committee on Finance and Revenue has recommended increasing petroleum levy on high...

Published 15 Jun, 2024 06:57am

Business & Finance

Software industry, APTMA tell Senate panel: ‘Unable to run businesses due to heavy taxation’

ISLAMABAD: Software industry, All Pakistan Textile Mills Association (APTMA) and stationery sector, Friday, informed...

Published 15 Jun, 2024 06:57am

Senate panel recommends SOEs bill

ISLAMABAD: Amid the opposition of the Finance Ministry, the Senate Standing Committee on Finance and Revenue...

Updated 18 Jan, 2024 09:29am

Pakistan

Privilege motion against CAA director general: Senate body seeks detailed report within 15 days

ISLAMABAD: The Senate Committee on Rules of Procedure and Privileges granted 15 days time to Aviation to submit a...

Published 29 Dec, 2023 02:58am

Pakistan

Mandviwalla visits Kuwait embassy, expresses condolences

ISLAMABAD: Chief Whip of Pakistan People’s Party (PPP) in the Senate of Pakistan Senator Saleem Mandviwalla ...

Published 21 Dec, 2023 03:54am

Editorials

Confusion galore

EDITORIAL: Confusion seems to prevail since news of appointment of PML-N Senator Ishaq Dar as leader of the house,...

Published 03 Dec, 2023 02:59am

PM nominates Dar as leader of house in Senate

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar has nominated PML-N leader Ishaq Dar as Leader of the House...

Updated 27 Nov, 2023 09:49am

Pakistan

Kidney Hills case: Saleem Mandviwalla, others again issued notice

ISLAMABAD: The Accountability Court on Monday again issued notice to Pakistan People’s Party (PPP) Senator Saleem...

Published 21 Nov, 2023 06:02am

Pakistan

Senator Mandviwalla underlines importance of Charter of Economy

FAISALABAD: Economic crisis has further enhanced the importance of Charter of Economy (CoE) as Pakistan People's...

Published 07 Oct, 2023 06:01am

Pakistan

Kidney Hills corruption case: Mandviwalla, others summoned on Nov 20

ISLAMABAD: The Accountability Court, on Thursday, summoned Pakistan People’s Party (PPP) Senator Saleem ...

Published 06 Oct, 2023 03:03am

Business & Finance

IMF programme: Govt will deliver to secure $700m under SBA: Shamshad

ISLAMABAD: The caretaker government will deliver on the International Monetary Fund (IMF) programme to secure $700...

Updated 03 Oct, 2023 06:23am

Shamshad informs Senate body: No ‘fiscal space available’ for subsidies

ISLAMABAD: The members of the Senate Standing Committee on Finance demanded of the government to withdraw seven...

Updated 31 Aug, 2023 09:25am

Pakistan

Senate body to file ‘breach of privilege’ complaint against DG FIA

ISLAMABAD: A meeting of the Senate Standing Committee on Aviation, on Tuesday, decided to file a “Breach of...

Published 30 Aug, 2023 03:33am

Senate body proposes scrutiny of assets of IR, Customs officials

ISLAMABAD: The Senate Standing Committee on Finance has strongly proposed legislation to scrutinize the assets of...

Updated 24 Aug, 2023 09:34am

Pakistan

Discrimination in issuance of LCs: Stakeholders demand a level playing field

ISLAMABAD: The Senate Standing Committee on Finance, Wednesday, held that targeted Letters of Credit (LCs) issuance...

Published 10 Aug, 2023 06:35am

Business & Finance

$3bn bank loans given during PTI govt’s tenure: PAC again demands list of 628 beneficiaries

ISLAMABAD: Members of the Public Accounts Committee (PAC) again demanded a list of the 628...

Published 09 Aug, 2023 05:33am

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
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

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

Markets →

Budget 2024-25: income tax calculator for FY25

Saleem Mandviwalla

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