News stories for Sohail Sarfraz

Sohail Sarfraz

Business & Finance

IR officials get enhanced sales tax audit powers

ISLAMABAD: Finance Bill 2026 has increased sales tax audit powers of the Inland Revenue officials from July 1, 2026....

Published 14 Jun, 2026 05:20am

Business & Finance

New definition of cost of immovable property received thru inheritance proposed

ISLAMABAD: The Finance Bill 2026 (Bill) has proposed a new definition of cost of immovable property received through...

Published 14 Jun, 2026 05:20am

Finance minister addresses post-budget press conference: ‘We’re now moving forward toward growth’

ISLAMABAD: Finance Minister Muhammad Aurangzeb on Saturday said that the 2026–27 Budget reflects the government’s...

Updated 14 Jun, 2026 05:22pm

Minimum tax for certain traders doubled

Pakistan's Finance Bill 2026 proposes significant tax hikes, including a doubled minimum tax for distributors of packaged goods, mobile phones, and electronics, from 0.25% to 0.5%, impacting various sectors.

Updated 14 Jun, 2026 10:33am

Refineries’ upgradation: Sales tax waived on capital goods imports

ISLAMABAD: The government has granted an exemption of sales tax on import of capital goods for upgradation and...

Updated 14 Jun, 2026 07:39am

Documentation push: ATL surcharge goes up

ISLAMABAD: The Federal Board of Revenue (FBR) has significantly increased the Active Taxpayers List (ATL) surcharge...

Published 14 Jun, 2026 05:20am

Business & Finance

Outsourcing seized goods’ auction: Senate panel approves customs proposal

ISLAMABAD: The Senate Standing Committee on Finance Saturday approved a customs proposal under the Finance Bill 2026...

Published 14 Jun, 2026 05:20am

NA panel concerned at fixed tax scheme for traders

Lawmakers question the budget's ambitious revenue targets and new taxes, noting limited focus on stimulating economic growth, investment, and employment.

Published 14 Jun, 2026 05:20am

Tax disputes: FBR introduces digital solution

ISLAMABAD: The Federal Board of Revenue (FBR) has introduced digital solution to expedite the resolution of tax...

Updated 14 Jun, 2026 07:40am

Sec 47AAA introduced in Finance Bill: IR appeals will be vetted by scrutiny committee

ISLAMABAD: In a significant move to streamline tax litigations, the federal government has introduced Section 47AAA...

Published 14 Jun, 2026 05:20am

Finance Bill 2026: Two committees to identify, remove business & technical anomalies

ISLAMABAD: The federal government has constituted two anomaly committees (business and technical) to identify and...

Published 14 Jun, 2026 05:20am

Business & Finance

Electronic cigarettes: FED on e-liquid raised to Rs16,500

ISLAMABAD: Under the Finance Bill 2026-27, the federal government has increased Federal Excise Duty on e-liquid for...

Published 13 Jun, 2026 07:07am

Rs650bn in enforcement & tax policy steps introduced

ISLAMABAD: The government has taken enforcement and tax policy measures of nearly Rs 650 billion including...

Updated 13 Jun, 2026 09:15am

Tax proposed on income from social media platforms

Business & Finance

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 12	278.52
USD PKR Interbank Buying / Jun 12	278.32
USD to Japanese Yen / Jun 12	160.24
USD to Swiss Franc / Jun 12	0.80
Pound Sterling to USD / Jun 12	1.34
Euro to USD / Jun 12	1.16
SOFR % / Jun 12	3.63

Stock	Volume
S&P 500 / Jun 12	7,431.46
India Sensex / Jun 12	75,527.95
Tokyo Nikkei / Jun 12	66,020.04
Nasdaq / Jun 12	25,888.84
Hang Seng / Jun 12	24,718.10
FTSE 100 / Jun 12	10,471.72
Dow Jones / Jun 12	51,202.26
Germany DAX 30 / Jun 12	24,635.30
France CAC40 / Jun 12	8,350.87

Item	Value
Crude Oil USD/Barrel / Jun 12	84.88
Karachi Cotton PKR/37.32 KG / Jun 12	21,780
Gold 10 Grams PKR / Jun 12	375,947
Gold Spot USD/Ounce / Jun 12	4,219.33
Cotton US¢/pound / Jun 12	76.42
Petrol/Litre / Jun 14	373.78
Diesel/Litre / Jun 14	378.78

Gainers
Losers
Leaders

Stock	Price
Arctic Textile / Jun 12 Arctic Textile Mills Limited(ARCTM)	33.75 ▲ 3.07 (10.01%)
Zephyr Textile / Jun 12 Zephyr Textiles Limited(ZTL)	20.45 ▲ 1.86 (10.01%)
AN Textile Mills / Jun 12 AN Textile Mills Limited(ANTM)	37.02 ▲ 3.37 (10.01%)
Elahi Cotton / Jun 12 Elahi Cotton Mills Limited(ELCM)	285.76 ▲ 25.98 (10%)
National Silk / Jun 12 The National Silk & Rayon Mills Limited(NSRM)	161.26 ▲ 14.66 (10%)
Pak. P.V.C. / Jun 12 Pakistan PVC Limited(PPVC)	28.59 ▲ 2.6 (10%)
Int. Knit. / Jun 12 International Knitwear Limited(INKL)	92.20 ▲ 8.38 (10%)
Siddiqsons Tin / Jun 12 Siddiqsons Tin Plate Limited(STPL)	8.44 ▲ 0.73 (9.47%)
IGI Holdings / Jun 12 IGI Holdings Limited(IGIHL)	284.15 ▲ 23.93 (9.2%)
Leiner Pak Gelat / Jun 12 Leiner Pak Gelatine Limited(LPGL)	100.33 ▲ 8.38 (9.11%)

Stock	Price
Idrees Tex. / Jun 12 Idrees Textile Mills Limited(IDRT)	50.10 ▼ -5.57 (-10.01%)
Kohat Textile / Jun 12 Kohat Textile Mills Limited(KOHTM)	121.46 ▼ -13.49 (-10%)
Pak Agro Pack. (GEM) / Jun 12 Pak Agro Packaging Limited (GEM)(GEMPAPL)	9.45 ▼ -1 (-9.57%)
Pak Qatar Family / Jun 12 Pak Qatar Family Takaful Limited(PAKQATAR)	22.19 ▼ -2.28 (-9.32%)
ARM Green Industries / Jun 12 ARM Green Industries Limited(ARMG)	46.40 ▼ -4.77 (-9.32%)
Power Cem(Pref) / Jun 12 Power Cement (Pref)(POWERPS)	23.80 ▼ -2.36 (-9.02%)
East West Ins. / Jun 12 East West Insurance Company Limited(EWIC)	48.54 ▼ -4.42 (-8.35%)
Unicap Modaraba / Jun 12 Unicap Modaraba(UCAPM)	5.20 ▼ -0.45 (-7.96%)
Pak Qatar Gen.Takaful / Jun 12 Pak Qatar General Takaful Limited(PQGTL)	15.42 ▼ -1.33 (-7.94%)
Oilboy Energy / Jun 12 Oilboy Energy Limited(OBOY)	20.42 ▼ -1.72 (-7.77%)

Stock	Volume
Kohinoor Spinning / Jun 12 Kohinoor Spinning Mills Limited(KOSM)	57,747,470 ▲ 0.15
B.O.Punjab / Jun 12 The Bank of Punjab(BOP)	52,924,034 ▲ 0.93
Sitara Petroleum Service / Jun 12 Sitara Petroleum Service Limited(SPSL)	52,648,271 ▲ 0.45
WorldCall Telecom / Jun 12 Worldcall Telecom Limited(WTL)	40,511,471 ▲ 0
Maple Leaf Cement / Jun 12 Maple Leaf Cement Factory Limited(MLCF)	35,896,472 ▲ 4.01
Oilboy Energy / Jun 12 Oilboy Energy Limited(OBOY)	33,427,696 ▼ -1.72
F. Nat.Equities / Jun 12 First National Equities Limited(FNEL)	28,855,016 ▼ -0.02
TPL Corp Ltd / Jun 12 TPL Corp Limited(TPL)	25,681,007 ▼ -0.82
Pak Int.Bulk / Jun 12 Pakistan International Bulk Terminal(PIBTL)	24,755,100 ▲ 0.24
Waves Home Appliances / Jun 12 Waves Home Appliances Limited(WAVESAPP)	20,120,122 ▲ 0.31

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