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Sugar mills tax evasion: FBR issues notification on suspension of 9 IR officials

ISLAMABAD: The Federal Board of Revenue (FBR) has issued a notification on suspension of nine Inland Revenue...

Published 17 Dec, 2024 06:47am

Non-compliant sugar mills face stern FBR action

The efficacy of the new system is ensured by posting FBR personnel at each mill and monitoring the system and personnel through integrated CCTV cameras and frequent visits by senior officers of FBR

Updated 15 Dec, 2024 11:48pm

FBR closes down sugar mill in Sindh

ISLAMABAD: The Federal Board of Revenue (FBR) has closed one sugar mill in Sindh, as the track-and-trace system and...

Updated 09 Dec, 2024 02:49pm

Business & Finance

$500mn earned through export of surplus sugar, says PM Shehbaz

Premier calls for measures to improve taxation system

Updated 05 Dec, 2024 11:02pm

FBR to depute officials at all sugar mills

Officials to monitor production, sales, and stocks of the commodity during crushing season

Updated 22 Nov, 2024 02:49pm

Business & Finance

Sugar mills: PM orders CCTV surveillance

ISLAMABAD: In an effort to crackdown on ‘sugar mafia’ ahead of the sugar crushing season, Prime Minister Shehbaz...

Published 20 Nov, 2024 06:45am

Business & Finance

Sugar sector: PM orders crackdown on tax evaders, hoarders

Prime Minister Shehbaz Sharif on Tuesday directed authorities including the Federal Board of Revenue (FBR), Federal...

Updated 19 Nov, 2024 09:24pm

DGTO declares election of central chairman PSMA ‘null and void’

ISLAMABAD: The Directorate General of Trade Organisations (DGTO) has declared the election of Central Chairman,...

Updated 16 Nov, 2024 09:28am

PSMA seeks nod to export more sugar

ISLAMABAD: The Pakistan Sugar Mills Association (PSMA) has sought government’s permission to export more sugar,...

Updated 08 Nov, 2024 09:53am

Pakistan

KBP approaches LHC

LAHORE: Kissan Board of Pakistan (KBP) has approached the Lahore High Court for a direction against the Punjab...

Published 01 Nov, 2024 07:54am

$120m earned through export of surplus sugar

ISLAMABAD: The country has earned approximately $120 million through the export of surplus sugar, according to the...

Updated 31 Oct, 2024 09:36am

Govt inks revised deals with 8 bagasse-fired IPPs

ISLAMABAD: Following successful negotiated deals with the five Independent Power Producers (IPPs), the Energy Task...

Updated 23 Oct, 2024 09:09am

Sugar export to Tajikistan: SBP asks banks to process transactions

KARACHI: Pakistan is set to export 40,000 tons of sugar to Tajikistan under bilateral trade arrangements on a...

Updated 19 Oct, 2024 02:55pm

Business & Finance

ECC allows additional export of surplus sugar

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet allowed additional export of 0.500 million MT of...

Published 12 Oct, 2024 06:17am

Sugar export to Afghanistan: Banks directed to ensure 100pc advance payment

Measure aims to enhance transparency and safeguard the timely collection of export payments, particularly in trade with Afghanistan

Updated 02 Oct, 2024 03:05pm

BR Research

De-regulating the sugar industry: do not drop the ball again

The sugar industry is in trouble, but it need not morph into a crisis. Last week, the industry association wrote a...

Updated 30 Sep, 2024 01:24pm

BR Research

Don’t let the industry use free trade as a ruse!

Come late, come safe. Following a clarion call by the IMF to liberalize Pakistan’s farm commodity markets and remove...

Updated 25 Sep, 2024 11:23am

ECC grants conditional approval to sugar export to Tajikistan

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet granted conditional approval for export of...

Updated 21 Sep, 2024 02:46pm

Export of unutilised sugar quota: Cabinet ties extension to grower payment

ISLAMABAD: The federal cabinet has decided that 15 days’ extension in export of unutilized quota is not for those...

Updated 12 Sep, 2024 10:09am

Extension given in sugar export shipment

KARACHI: Following the directives of the federal government, the State Bank of Pakistan (SBP) has allowed 15 days...

Updated 07 Sep, 2024 08:50am

BR Research

Sugar: let exporters make some hay?

After a slow takeoff by sugar exports during July 2024, the policymakers are back to repeating errors of the past....

Published 30 Aug, 2024 08:52am

Ministry to clamp down on sugar mills behind price surge

ISLAMABAD: The federal government has empowered Ministry of Industries and Production (MoI&P) to take action...

Updated 28 Aug, 2024 08:52am

Business & Finance

Bawany Air Products says will raise Rs6bn through rights issue

Bawany Air Products Limited (BAPL) said on Tuesday it will raise Rs6 billion through a rights issue of nearly 600...

Published 27 Aug, 2024 02:37pm

SAB approves sugar export to Tajikistan on G2G basis

ISLAMABAD: The Sugar Advisory Board (SAB), on Tuesday, following permission by the Cabinet’s Economic Coordination...

Updated 14 Aug, 2024 10:21am

‘Disallowing TA/DA’: LTO Lahore officials approach LHC

ISLAMABAD: The Inland Revenue Audit Officers/ Assistant Directors (Audit) of Large Taxpayer Office Lahore have...

Updated 13 Mar, 2024 08:51am

Business & Finance

Sugar mills evading tax to face crackdown

ISLAMABAD: The caretaker government has decided to start crackdown on sugar mills involved in tax evasion, well...

Published 01 Feb, 2024 04:52am

Plugging revenue leakages: LTO deploys officers at Sindh sugar mills

KARACHI: The Large Taxpayers Office (LTO) has again deployed its officers at sugar mills in Sindh to monitor...

Updated 24 Jan, 2024 10:00am

PSMA concerned at ‘unsustainable’ production costs

LAHORE: Sugar millers have claimed that production and sale of sugar below its costs of production has become...

Updated 08 Dec, 2023 10:04am

Business & Finance

CCP issues show-cause notices to eight sugar mills

LAHORE: The Cane Commissioner Punjab Abdul Rauf has issued show cause notices under the Punjab Sugar Factories...

Published 02 Dec, 2023 05:09am

Business & Finance

Sugar mills: FBR monitoring teams deputed

ISLAMABAD: The monitoring teams of the Federal Board of Revenue’s (FBR) field formations have been deputed on sugar...

Published 30 Nov, 2023 04:53am

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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