News stories for Muhammad Ali - Business Recorder

Muhammad Ali

Pakistan

Appointment of judges: Parliamentary body seeks tax details

The parliamentary committee on appointment of judges has directed Federal Board of Revenue (FBR) to furnish the income tax and returns details of nominees recommended by Judicial Commission of Pakistan (JCP) for their appointments as additional judges in

Published 27 Nov, 2019 12:00am

Sindh, Punjab and KP: FBR unearths massive tax evasion by sugar mills

The Federal Board of Revenue (FBR) has identified massive tax evasion by sugar mills, operating in Sindh, Punjab and KP through under-reporting of stocks and fake sales. Therefore, it has been decided to carry out investigative audit of sugar manufacturer

Updated 12 Nov, 2019 07:38am

FBR constitutes consultative committees on restructuring

Following the strong resistance showed by Inland Revenue Service (IRS) officers, the Federal Board of Revenue (FBR) has constituted consultative committees to address their concerns regarding "Restructuring of FBR".

Published 12 Nov, 2019 12:00am

Customs puts Benami imports on its radar to curtail money laundering

Directorate of Intelligence and Investigation (DI&I), Customs Karachi has put Benami imports on its radar to curtail one of the major sources of money laundering. Talking to Business Recorder, Director Irfan Jawed said that Directorate has started investi

Updated 02 Nov, 2019 08:47am

Karachi and Lahore are poles apart

Karachi and Lahore are poles apart in terms of contribution of registered traders in the national kitty as latter only deposited income tax to Rs 567.65 million as compared to Rs 30.87 billion collected from the traders of former in FY 2018-19.

Published 01 Nov, 2019 12:00am

Fake documents: Non-customs vehicles being registered in MRAs

Non-customs paid vehicles are being registered in provincial Motor Registration Authorities (MRAs) in Karachi, Peshawar and Swat on fake documents; it was learnt. Sources said that transfer of residence, personal baggage or gift scheme was the only mechan

Published 25 Oct, 2019 12:00am

Sports

Sarfaraz removed as captain in Test, T20 formats

Pakistan Cricket Board (PCB) has removed Sarfaraz Ahmed from the post of skipper in Test and T20I formats and appointed Azhar Ali as Test captain and Babar Azam as T20I captain.

Updated 19 Oct, 2019 07:07am

Business & Finance

FBR establishes RSTMC to identify fake and flying invoices

Federal Board of Revenue (FBR) has established Regional Sales Tax Monitoring Cell (RSTMC) to identify the cases involved in fake and flying invoices, fake transactions & sales suppression. According to details, the decision was made after witnessing decli

Updated 19 Oct, 2019 07:20am

FBR establishes RSTMC to identify fake and flying invoices

Published 19 Oct, 2019 12:00am

DGABI's ability to combat benami menace has come into question

Since its establishment three months ago, Directorate General Anti-Benami Initiative (DGABI) has filed only one reference against benami property out of 183 investigations, according to sources.

Published 17 Oct, 2019 12:00am

DGABI's ability to combat benami menace has come into question

Since its establishment three months ago, Directorate General Anti-Benami Initiative (DGABI) has filed only one reference against benami property out of 183 investigations, according to sources.

Published 17 Oct, 2019 12:00am

Sports

Exciting National T20 Cup event begins

The National T20 Cup will be commenced from October 13, 2019 (today) at Faisalabad's Iqbal Stadium. According to details, the tournament returns to the city of Faisalabad after eight seasons and it is expected to keep the spectators on the edge of their s

Published 13 Oct, 2019 12:00am

Sports

Bangladesh women cricket tour: training camp from October 13

Pakistan women team's training camp for the upcoming home series against Bangladesh has been scheduled from October 13 to 23 at the Lahore Country Club, Muridke. The purpose of the camp is to prepare the players for the important home series, which is the

Updated 12 Oct, 2019 05:12am

Japanese grant: Customs gets 3 fixed gantry scanners sans prescribed requirements

"Freely got; carelessly handle", this proverb clearly defines the mindset within the customs department as three fixed gantry scanners worth Rs 2.78 billion have been taken under the Japanese grant without fulfilling prescribed requirements.

Published 11 Oct, 2019 12:00am

FBR's findings: Qaimkhani never filed tax return during his service in KMC

Liaquat Ali Khan Qaimkhani, who was recently arrested by the National Accountability Bureau (NAB) over embezzlement of billions of rupees as DG KMC Parks, has never filed income tax return during his service in KMC from 1986 to 2011; it is learnt here.

Published 08 Oct, 2019 12:00am

FBR's findings: Qaimkhani never filed tax return during his service in KMC

Published 08 Oct, 2019 12:00am

PAAPAM decides to distance itself from any PAMA move

Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) has decided to distance itself from any "debauched" move by Pakistan Automotive Manufacturers Association (PAMA) to pressurize the government.

Published 06 Oct, 2019 12:00am

Pakistan

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	155.60
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 24	5070.63
Nasdaq / Apr 24	15712.75
Dow Jones / Apr 24	38460.92
India Sensex / Apr 25	73780.80
Tokyo Nikkei / Apr 25	37628.48
Hang Seng / Apr 25	17264.90
FTSE 100 / Apr 25	8077.84
Germany DAX 30 / Apr 25	17994.97

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Petrol/Litre / Apr 25	293.94
Crude Oil USD/Barrel / Apr 25	83.02
Gold Spot USD/Ounce / Apr 25	2325.45
Diesel/Litre / Apr 25	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 25 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 25 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 25 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 25 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 25 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 25 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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