News stories for Muhammad Ali - Business Recorder

Muhammad Ali

Consignments from China at ports: Customs hasn't started fumigation work despite PHE advisory

Pakistan Customs has so far not started fumigation work on the consignments imported from the affected areas of China at ports to avert spreading corona-virus in Pakistan, despite the advisory issued by Port Health Establishment (PHE).

Published 30 Jan, 2020 12:00am

Sports

Australian HC gives good wishes to Pakistan's women cricket team

Dr. Geoffrey Shaw, Australian High Commissioner to Pakistan said that Pakistan Super League (PSL) will play a crucial role in building confidence and change the players' minds about the country.

Published 29 Jan, 2020 12:00am

Private people still involved in official work at tax offices

Private persons are still actively involved in official work at Karachi-based tax offices despite serious admonition by the Federal Board of Revenue (FBR). According to details, the issue was highlighted through a complaint lodged at Pakistan Citizen Port

Published 27 Jan, 2020 12:00am

MoC agrees to support cross stuffing of Afghan cargo

The Ministry of Commerce (MoC) has agreed to support cross stuffing of Afghan bound cargo at ports.

Published 24 Jan, 2020 12:00am

Pakistan

NAB expedites probe against Khursheed Shah

National Accountability Bureau (NAB) has accelerated its investigation in the assets beyond means case against PPP senior leader Syed Khursheed Shah, asking Federal Board of Revenue (FBR) to submit financial details of seven others accused by January 27,

Published 23 Jan, 2020 12:00am

Massive sales tax refund 'fraud' detected

Regional Tax Office (RTO)-II, Karachi has detected a massive sales tax refund "fraud" amounting to around Rs 230 million, purportedly committed through three fake companies against flying invoices in connivance with FBR officials.

Published 22 Jan, 2020 12:00am

Business & Finance

US-Iran tension pushes up ATT to $2.3 billion: DGTT

Afghan Transit Trade (ATT) has increased to $ 2.3 billion from $1 billion, due to tensions between Iran and the United States.

Published 10 Jan, 2020 12:00am

Containers sans international specifications: No transit movement of Afghan exports goods from February 1: DGTT

Pakistan will not allow the transit movement of exports goods from Afghanistan in containers, lacking international specifications from February 1, 2020.

Published 09 Jan, 2020 12:00am

Business & Finance

'Anomalies' in 2nd Tax Laws Amendment Ord 2019: KTBA sends letter to FBR

A registered manufacturer cannot make sales worth more than Rs10 million to even Federal Board of Revenue (FBR) as if it does, input tax will be disallowed, following the serious glitches in 2nd Tax Laws Amendment Ordinance, 2019.

Published 07 Jan, 2020 12:00am

Hafeez asks FBR to forcibly enforce POS registration

Abdul Hafeez Sheikh, Special Advisor to the Prime Minister on Finance, has directed the Federal Board of Revenue (FBR) to enforce Point of Sale (POS) registration forcibly in the markets across the country.

Published 03 Jan, 2020 12:00am

10 registered persons involved in sales tax evasion blacklisted

Directorate of Intelligence & Investigation (DI&I)-IR, Karachi has blacklisted 10 registered persons involved in sales tax evasion amounting Rs 1.305 billion through fake and flying invoices.

Published 27 Dec, 2019 12:00am

Queue system at ports: Ministry plans to award contract to Jordanian firm

The federal maritime affairs ministry is now planning to award a contract to Jordanian company for the development and operation of queue management system to monitor inward and outward cargos movements at ports under the World Bank's financial assistance

Published 26 Dec, 2019 12:00am

Drive against unregistered units begins

The Directorate of Intelligence & Investigation, Inland Revenue, Karachi has kicked off massive campaign against persons involved in taxable activities without getting sales tax registration and payment of due taxes.

Published 24 Dec, 2019 12:00am

Sports

Abid, Masood give Pakistan edge over Sri Lanka

The second-highest opening partnership of 278runs between Abid Ali and Shan Masood is turning the table in favour of hosts, taking the lead of 315 runs against Sri Lanka on a third day of second and final test match at National Stadium Karachi (NSK).

Published 22 Dec, 2019 12:00am

Sports

Shaheen Shah takes 5 wickets as Pakistan fight back

The duo Pakistani pacers - Shaheen Shah Afridi and Mohammad Abbas broke out Sri Lankan batting lineup, helping Pakistan to restrain touring side at 271 runs on second day of second and final Test match at National Stadium Karachi (NSK).

Published 21 Dec, 2019 12:00am

Sports

Pakistan recover after SL's shocking bowling spell

Sri Lanka appears dominating on the first day of second and Test match, putting full-stop on Pakistan's first inning at 191 in 59.3 overs, though the home side came strongly in last session, sending three batsmen of touring side to the pavilion with the s

Published 20 Dec, 2019 12:00am

Sports

MCC to tour Pakistan in February

Marylebone Cricket Club (MCC) has confirmed to send a touring squad to Pakistan in February 2020. According to details, captained by current MCC President Kumar Sangakkara, the Club will send a team to Lahore in February next year, playing a number of mat

Published 19 Dec, 2019 12:00am

Online integration with FBR system: 300 tier-I retailers issued notices

Regional Tax Office (RTO)-II, Karachi has issued notices to 300 tier-I retailers for online integration with FBR system before the last date of ST returns filing for the month of December, 2019 to avoid blocking adjustment of input tax under sub-section (

Published 19 Dec, 2019 12:00am

Rs 50 billion money laundering detected

Directorate General Intelligence and Investigation (DGI&I)-IR has detected massive money laundering amounting to over Rs. 50 billion approximately in 24 cases across the country. FIRs have been registered under Anti Money Laundering Act, 2010.

Published 13 Dec, 2019 12:00am

'Historic' tax recovery made

Directorate General Intelligence and Investigation - Customs, Karachi has made a "historic" tax recovery of Rs 221.7 million from Oil & Gas Development Company Ltd (OGDCL).

Published 12 Dec, 2019 12:00am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	278.52
USD PKR Interbank Buying / Apr 25	278.32
USD to Japanese Yen / Apr 25	155.61
USD to Swiss Franc / Apr 25	0.91
Pound Sterling to USD / Apr 25	1.25
Euro to USD / Apr 25	1.07

Stock	Volume
S&P 500 / Apr 25	5048.42
India Sensex / Apr 25	74339.44
Tokyo Nikkei / Apr 25	37628.48
Nasdaq / Apr 25	15611.76
Hang Seng / Apr 25	17284.54
FTSE 100 / Apr 25	8078.86
Dow Jones / Apr 25	38085.80
Germany DAX 30 / Apr 25	17917.28

Item	Value
Crude Oil USD/Barrel / Apr 25	83.77
Karachi Cotton PKR/37.32 KG / Apr 25	20535
Gold 10 Grams PKR / Apr 25	240900
Gold Spot USD/Ounce / Apr 25	2331.28
Cotton US¢/pound / Apr 25	81.08
Petrol/Litre / Apr 26	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 26 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 26 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 26 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 26 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 26 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 26 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 26 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 26 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 26 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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