News stories for Sohail Sarfraz

Sohail Sarfraz

Markets

DCC Ltd starts operations as licensed trustee /custodian company

ISLAMABAD: Renamed Digital Custodian Company (DCC) Limited starts operations as a licensed Trustee/Custodian company...

Published 24 Nov, 2020 03:07am

Markets

SECP decides to formulate laws related to establishment of digital assets

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has decided to formulate laws related to...

Published 24 Nov, 2020 03:07am

Tax expert highlights flaws in Finance Act 2019

ISLAMABAD: International tax expert Dr Ikramul Haq has said that the Finance Act, 2019 has distorted the direct...

Updated 23 Nov, 2020 03:51am

Business & Finance

Track and Trace system: FBR issues instructions for licence seekers

ISLAMABAD: The Federal Board of Revenue (FBR) has issued detailed instructions for applicants, who intend to seek...

Published 22 Nov, 2020 02:52am

Business & Finance

Acquired through proceeds of smuggling: Customs authorised to trace and freeze assets

ISLAMABAD: In a major enforcement measure to control smuggling, the Federal Board of Revenue (FBR) has authorised...

Published 21 Nov, 2020 02:44am

FBR to establish CITRO for centralised refund payment

ISLAMABAD: In a major move to expedite payment of income tax refunds, the Federal Board of Revenue (FBR) has decided...

Published 21 Nov, 2020 02:44am

Pakistan

Illicit cigarettes, health levy: 'Country to lose Rs100bn in revenue annually'

ISLAMABAD: The total revenue losses to the national kitty will go up to Rs100 billion with share of illicit...

Published 20 Nov, 2020 03:04am

Markets

SECP enhances duties/powers of debt securities trustees

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has enhanced duties/powers of debt securities...

Published 20 Nov, 2020 03:04am

Business & Finance

Tracking, Monitoring of Cargo Rules, 2012: FBR issues draft amendments

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to relax the criteria of financial position of companies...

Published 20 Nov, 2020 03:04am

Pakistan

NAPHDA-approved housing schemes: Provinces urged to reduce registration fee on mortgage

ISLAMABAD: To reduce provincial taxes on housing projects for low-income groups, the government has taken a major...

Published 19 Nov, 2020 02:55am

Markets

SECP grants approval for launching of P2P Lending Platform

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has granted approval for launch of a...

Published 19 Nov, 2020 02:55am

Business & Finance

Minimum tax liability: LTBA points out ‘glaring miscalculation’ by IRIS system

ISLAMABAD: The Federal Board of Revenue (FBR) has received serious complaints on the miscalculation of minimum tax...

Published 19 Nov, 2020 02:55am

Offshore procurement contractors of energy projects: 1.4pc minimum tax exemption under study

ISLAMABAD: The Federal Board of Revenue (FBR) is seriously considering granting exemption of 1.4 percent minimum tax...

Published 18 Nov, 2020 02:48am

Business & Finance

Classification of goods: FBR asks importers to approach ARC secretary

ISLAMABAD: The Federal Board of Revenue (FBR) has asked the importers to approach the secretary of the Advance ...

Published 18 Nov, 2020 02:48am

Business & Finance

FBR's DG of Internal Audit detects massive tax evasion in 6 months

ISLAMABAD: The Federal Board of Revenue (FBR)'s Directorate General of Internal Audit (Inland Revenue) has detected...

Published 17 Nov, 2020 02:55am

Markets

SECP defines government debt securities

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has said that Government Debt Securities means ...

Updated 15 Nov, 2020 03:23am

Goods classification, determination: FBR notifies facility of advance ruling to importers

ISLAMABAD: The Federal Board of Revenue (FBR) has notified facility of advance ruling to importers for customs ...

Updated 15 Nov, 2020 03:23am

Business & Finance

Covid-19: FBR cuts staff strength by 50 percent to contain infections

ISLAMABAD: The Federal Board of Revenue (FBR) has reduced the working staff strength by 50 percent for Grade 1-15 ...

Published 14 Nov, 2020 02:52am

Rs 50 millions and above: FBR ordered to clear refunds

ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue, Dr Abdul Hafeez Shaikh has directed the Federal...

Published 14 Nov, 2020 02:52am

Pakistan

FBR may refer complaints against tax official to NAB

ISLAMABAD: To expedite action against the corrupt tax officials, the Federal Board of Revenue (FBR) may refer ...

Updated 13 Nov, 2020 03:21am

Gainers
Losers
Leaders

Stock	Price
Kohinoor Power / Mar 31 Kohinoor Power Company Limited(KOHP)	4.38 ▲ 0.63 (16.80%)
PICIC Ins.Ltd. / Mar 31 PICIC Insurance Limited(PIL)	0.69 ▲ 0.08 (13.11%)
Supernet Ltd. / Mar 31 Supernet Limited(GEMSPNL)	11.90 ▲ 1.00 (9.17%)
Asim Textile / Mar 31 Asim Textile Mills Limited(ASTM)	6.48 ▲ 0.53 (8.91%)
Bata (Pak) / Mar 31 Bata Pakistan Limited(BATA)	2084.87 ▲ 145.45 (7.50%)
Khyber Tex. / Mar 31 Khyber Textile Mills Limited(KHYT)	427.22 ▲ 29.80 (7.50%)
Pak Engineering / Mar 31 Pakistan Engineering Company Limited(PECO)	325.40 ▲ 22.70 (7.50%)
Janana D Mal / Mar 31 Janana De Malucho Textile Mills Limited(JDMT)	44.42 ▲ 3.09 (7.48%)
Sindh Abadgar / Mar 31 Sindh Abadgar's Sugar Mills Limited(SASML)	14.50 ▲ 1.00 (7.41%)
Popular Islamic / Mar 31 Popular Islamic Modaraba(PIM)	8.75 ▲ 0.60 (7.36%)

Stock	Price
Pak Gulf Leasing / Mar 31 Pak-Gulf Leasing Company Limited(PGLC)	5.31 ▼ -0.89 (-14.35%)
Samba Bank / Mar 31 Samba Bank Limited(SBL)	6.75 ▼ -0.85 (-11.18%)
Pak Gen.Ins. / Mar 31 The Pakistan General Insurance Co. Ltd.(PKGI)	3.96 ▼ -0.49 (-11.01%)
Equity Modaraba / Mar 31 First Equity Modaraba(FEM)	6.10 ▼ -0.50 (-7.58%)
AL-Ghazi Tractors / Mar 31 Al-Ghazi Tractors Limited(AGTL)	270.73 ▼ -21.95 (-7.50%)
Philip Morris Pak. / Mar 31 Philip Morris (Pakistan) Limited(PMPK)	426.43 ▼ -34.57 (-7.50%)
Tri-Pack Films / Mar 31 Tri-Pack Films Limited(TRIPF)	126 ▼ -10.14 (-7.45%)
Khairpur / Mar 31 Khairpur Sugar Mills Limited(KPUS)	67.26 ▼ -5.41 (-7.44%)
Dawood Lawrencepur / Mar 31 Dawood Lawrencepur Limited(DLL)	210 ▼ -15.90 (-7.04%)
Bunnys Limited / Mar 31 Bunnys Limited(BNL)	15.81 ▼ -1.19 (-7.00%)

Stock	Volume
Pak Int.Bulk / Mar 31 Pakistan International Bulk Terminal(PIBTL)	12,120,000 ▲ 0.26
Pak Elektron / Mar 31 Pak Elektron Limited(PAEL)	6,523,000 ▲ 0.36
Telecard Limited / Mar 31 Telecard Limited(TELE)	6,211,500 ▼ -0.18
Engro Corp / Mar 31 Engro Corporation Limited(ENGRO)	5,429,492 ▼ -4.49
WorldCall Telecom / Mar 31 Worldcall Telecom Limited(WTL)	4,946,279 ▲ 0.00
Hascol Petrol / Mar 31 Hascol Petroleum Limited(HASCOL)	4,863,500 ▲ 0.20
Pakgen Power / Mar 31 Pakgen Power Limited(PKGP)	4,421,500 ▲ 1.50
K-Electric Ltd. / Mar 31 K-Electric Limited(KEL)	4,361,174 ▲ 0.00
Agha Steel Ind. / Mar 31 Agha Steel Ind.Ltd(AGHA)	3,689,500 ▲ 0.07
Waves Corporation / Mar 31 Waves Corporation Limited(WAVES)	3,477,000 ▲ 0.45

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 31	283.85
USD PKR Interbank Buying / Mar 31	283.65
USD to Japanese Yen / Mar 31	132.82
USD to Swiss Franc / Mar 31	0.91
Pound Sterling to USD / Mar 31	1.24
Euro to USD / Mar 31	1.09
UK LIBOR % / Mar 30	4.81

Stock	Volume
S&P 500 / Mar 31	4082.17
India Sensex / Mar 31	58991.52
Tokyo Nikkei / Mar 31	28047.34
Nasdaq / Mar 31	12133.90
Hang Seng / Mar 31	20427.56
FTSE 100 / Mar 31	7638.94
Dow Jones / Mar 31	33079.75
Germany DAX 30 / Mar 31	15641.10
France CAC40 / Mar 31	7330.27

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 30	18935
Crude Oil USD/Barrel / Mar 31	75.20
Gold 10 Grams PKR / Mar 31	178927
Gold Spot USD/Ounce / Mar 31	1979.46
Cotton US¢/pound / Mar 31	83.26

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