News stories for Sohail Sarfraz - Business Recorder

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Coronavirus
VERY HIGH Source: covid.gov.pk

Pakistan Deaths
27,432 ▲

5824hr

Pakistan Cases
1,232,595 ▲

2,35724hr

4.9% positivity

Sindh
453,051

Punjab
425,703

Balochistan
32,812

Islamabad
104,619

KPK
172,210

Sep 23, 2021 PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Sohail Sarfraz

Business Recorder

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FBR abolishes 42 special procedures notified thru STGOs

The Federal Board of Revenue (FBR) Tuesday abolished 42 sales tax procedures dealing with adjustment of sales tax by steel melters, commercial importers, fiscal relief to tribal areas, payment of sales tax on vehicles, refund claims on local supply of zer

Published 10 Jul, 2019 12:00am

Business Recorder

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FBR abolishes 42 special procedures notified thru STGOs

The Federal Board of Revenue (FBR) Tuesday abolished 42 sales tax procedures dealing with adjustment of sales tax by steel melters, commercial importers, fiscal relief to tribal areas, payment of sales tax on vehicles, refund claims on local supply of zer

Published 10 Jul, 2019 12:00am

Business Recorder

Print

4-5 percentage points: Additional GDP in additional tax revenues could be achieved

Interna-tional Monetary Fund (IMF) and Pakistan have agreed that additional 4-5 percentage points of gross domestic product (GDP) in additional tax revenues could be achieved by the end of the IMF programme, bringing Pakistan tax ratio in line with peer e

Published 09 Jul, 2019 12:00am

Business Recorder

Print

Semi-independent tax authority to be set up: IMF assured

The government has assured the International Monetary Fund (IMF) that a new semi-independent national tax authority would be created to bring the main revenue sources under tax administration reforms. In the IMF Staff Level Report issued here on Monday, P

Published 09 Jul, 2019 12:00am

Business Recorder

Print

FBR circular No 7 of 2018: LHC disposes of petitions

Lahore High Court (LHC) has disposed of various petitions wherein FBR's Circular No 07 of 2018 was challenged with the prayer that a taxpayer who had paid tax under amnesty scheme may be allowed to file declaration under the Voluntary Declaration of Domes

Published 09 Jul, 2019 12:00am

Business Recorder

Print

4-5 percentage points: Additional GDP in additional tax revenues could be achieved

Interna-tional Monetary Fund (IMF) and Pakistan have agreed that additional 4-5 percentage points of gross domestic product (GDP) in additional tax revenues could be achieved by the end of the IMF programme, bringing Pakistan tax ratio in line with peer e

Published 09 Jul, 2019 12:00am

Business Recorder

Print

Semi-independent tax authority to be set up: IMF assured

The government has assured the International Monetary Fund (IMF) that a new semi-independent national tax authority would be created to bring the main revenue sources under tax administration reforms. In the IMF Staff Level Report issued here on Monday, P

Published 09 Jul, 2019 12:00am

Business Recorder

Print

FBR circular No 7 of 2018: LHC disposes of petitions

Lahore High Court (LHC) has disposed of various petitions wherein FBR's Circular No 07 of 2018 was challenged with the prayer that a taxpayer who had paid tax under amnesty scheme may be allowed to file declaration under the Voluntary Declaration of Domes

Published 09 Jul, 2019 12:00am

Business Recorder

Print

4-5 percentage points: Additional GDP in additional tax revenues could be achieved

Interna-tional Monetary Fund (IMF) and Pakistan have agreed that additional 4-5 percentage points of gross domestic product (GDP) in additional tax revenues could be achieved by the end of the IMF programme, bringing Pakistan tax ratio in line with peer e

Published 09 Jul, 2019 12:00am

Business Recorder

Markets

CCP for revisiting policies, documentation of wheat milling business

The Competition Commission of Pakistan (CCP) has made a set of recommendations for enhancing productivity and competition in the wheat flour market, stressing the need for revisiting policies, documentation of wheat milling business, a well-functioning co

Published 09 Jul, 2019 12:00am

Business Recorder

Print

4-5 percentage points: Additional GDP in additional tax revenues could be achieved

Interna-tional Monetary Fund (IMF) and Pakistan have agreed that additional 4-5 percentage points of gross domestic product (GDP) in additional tax revenues could be achieved by the end of the IMF programme, bringing Pakistan tax ratio in line with peer e

Published 09 Jul, 2019 12:00am

Business Recorder

Print

Semi-independent tax authority to be set up: IMF assured

The government has assured the International Monetary Fund (IMF) that a new semi-independent national tax authority would be created to bring the main revenue sources under tax administration reforms. In the IMF Staff Level Report issued here on Monday, P

Published 09 Jul, 2019 12:00am

Business Recorder

Print

FBR circular No 7 of 2018: LHC disposes of petitions

Lahore High Court (LHC) has disposed of various petitions wherein FBR''s Circular No 07 of 2018 was challenged with the prayer that a taxpayer who had paid tax under amnesty scheme may be allowed to file declaration under the Voluntary Declaration of Dome

Published 09 Jul, 2019 12:00am

Business Recorder

Print

CCP urges tariff rationalization to control tea smuggling

The Competition Commission of Pakistan (CCP) has strongly recommended Federal Board of Revenue (FBR) and Ministry of Commerce to rationalize taxes including customs tariff on tea to control its smuggling, revisit negative list under the transit trade agre

Published 08 Jul, 2019 12:00am

Business Recorder

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CCP urges tariff rationalization to control tea smuggling

The Competition Commission of Pakistan (CCP) has strongly recommended Federal Board of Revenue (FBR) and Ministry of Commerce to rationalize taxes including customs tariff on tea to control its smuggling, revisit negative list under the transit trade agre

Published 08 Jul, 2019 12:00am

Business Recorder

Print

CCP urges tariff rationalization to control tea smuggling

The Competition Commission of Pakistan (CCP) has strongly recommended Federal Board of Revenue (FBR) and Ministry of Commerce to rationalize taxes including customs tariff on tea to control its smuggling, revisit negative list under the transit trade agre

Published 08 Jul, 2019 12:00am

Business Recorder

Print

All SROs relating to zero-rating facility rescinded

The Federal Board of Revenue (FBR) has rescinded all notifications/orders allowing zero-rating facility of sales tax on electricity, gas, coal, furnace oil and diesel oil to registered persons, including exporters from July 1, 2019. According to the FBR,

Published 07 Jul, 2019 12:00am

Business Recorder

Print

All SROs relating to zero-rating facility rescinded

The Federal Board of Revenue (FBR) has rescinded all notifications/orders allowing zero-rating facility of sales tax on electricity, gas, coal, furnace oil and diesel oil to registered persons, including exporters from July 1, 2019. According to the FBR,

Published 07 Jul, 2019 12:00am

Business Recorder

Print

All SROs relating to zero-rating facility rescinded

The Federal Board of Revenue (FBR) has rescinded all notifications/orders allowing zero-rating facility of sales tax on electricity, gas, coal, furnace oil and diesel oil to registered persons, including exporters from July 1, 2019. According to the FBR,

Published 07 Jul, 2019 12:00am

Business Recorder

Markets

SECP, SBP team up: Panel of insolvency experts to help revive distressed companies

The Securities and Exchange Commission of Pakistan (SECP) in consultation with the State Bank of Pakistan (SBP) will appoint panel of insolvency experts for revival and rehabilitation of distressed companies. The SECP has issued Corporate Rehabil-itation

Published 06 Jul, 2019 12:00am

Gainers
Losers
Leaders

Stock	Price
Pak Gen. Ins. / Sep 23 The Pakistan General Insurance Co. Ltd.(PKGI)	5.20 ▲ 1.00 (23.81%)
Tri-Star / Sep 23 Tri-Star Mutual Fund Limited(TSMF)	6.80 ▲ 0.90 (15.25%)
First Equity Mod. / Sep 23 First Equity Modaraba(FEM)	7.38 ▲ 0.69 (10.31%)
Samba Bank / Sep 23 Samba Bank Limited(SBL)	10.82 ▲ 1.00 (10.18%)
First Fid. Leas. / Sep 23 First Fidelity Leasing Modaraba(FFLM)	4.50 ▲ 0.41 (10.02%)
Sapphire Fib. / Sep 23 Sapphire Fibres Limited(SFL)	860.00 ▲ 60.00 (7.50%)
Abbott Lab. / Sep 23 Abbott Laboratories (Pakistan) Limited(ABOT)	797.00 ▲ 55.54 (7.49%)
Huffaz Pipe / Sep 23 Huffaz Seamless Pipe Industries Limited(HSPI)	24.86 ▲ 1.73 (7.48%)
Crescent Cotton / Sep 23 Crescent Cotton Mills Limited(CCM)	57.00 ▲ 3.90 (7.34%)
Data Agro / Sep 23 Data Agro Limited(DAAG)	22.99 ▲ 1.56 (7.28%)

Stock	Price
First IBL Mod. / Sep 23 First IBL Modaraba(FIBLM)	4.15 ▲ -0.75 (-15.31%)
Pak. P.V.C. / Sep 23 Pakistan PVC Limited(PPVC)	6.16 ▲ -1.00 (-13.97%)
Universal Ins. / Sep 23 The Universal Insurance Company Limited(UVIC)	4.53 ▲ -0.72 (-13.71%)
Colony Textile / Sep 23 Colony Textile Mills Limited(CTM)	5.29 ▲ -0.70 (-11.69%)
Nazir Cotton / Sep 23 Nazir Cotton Mills Limited(NCML)	7.50 ▲ -0.88 (-10.50%)
Ist Paramount / Sep 23 First Paramount Modaraba(FPRM)	6.40 ▲ -0.75 (-10.49%)
Pak Gulf Leas. / Sep 23 Pak-Gulf Leasing Company Limited(PGLC)	5.11 ▲ -0.59 (-10.35%)
Pervez Ahmed Cons. / Sep 23 Pervez Ahmed Consultancy Services Ltd.(PASL)	1.22 ▲ -0.12 (-8.96%)
Pak. Int. Airlines (A) / Sep 23 Pakistan International Airlines Corporation Limited (A)(PIAA)	4.38 ▲ -0.41 (-8.56%)
Dewan Farooque Motors / Sep 23 Dewan Farooque Motors Limited(DFML)	7.56 ▲ -0.69 (-8.36%)

Stock	Volume
Worldcall / Sep 23 Worldcall Telecom Limited(WTL)	89,101,500 ▼ 0.00
Hum Network / Sep 23 Hum Network Limited(HUMNL)	29,207,500 ▼ 0.00
Telecard Ltd. / Sep 23 Telecard Limited(TELE)	23,359,500 ▼ 0.00
Treet Corp. / Sep 23 Treet Corporation Limited(TREET)	18,751,500 ▼ 0.00
Byco Petroleum / Sep 23 Byco Petroleum Pakistan Limited(BYCO)	13,812,000 ▼ 0.00
Unity Foods / Sep 23 Unity Foods Limited(UNITY)	13,282,469 ▼ 0.00
K-Electric Ltd / Sep 23 K-Electric Limited(KEL)	13,154,500 ▼ 0.00
Bank of Punjab / Sep 23 The Bank of Punjab(BOP)	11,131,500 ▼ 0.00
TPL Properties / Sep 23 TPL Properties Limited(TPLP)	10,785,000 ▼ 0.00
TPL Corp / Sep 23 TPL Corp Limited(TPL)	10,767,500 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 22	168.70
USD PKR Interbank Buying / Sep 22	168.60
USD to Japanese Yen / Sep 22	109.78
USD to Swiss Franc / Sep 22	0.93
Pound Sterling to USD / Sep 22	1.36
Euro to USD / Sep 22	1.17
UK LIBOR % / Sep 22	0.07

Stock	Volume
S&P 500 / Sep 22	4395.64
India Sensex / Sep 22	58927.33
Tokyo Nikkei / Sep 22	29639.40
Nasdaq / Sep 22	14896.85
Hang Seng / Sep 22	24221.54
FTSE 100 / Sep 22	7083.37
Dow Jones / Sep 22	34258.32
Germany DAX 30 / Sep 22	15506.74
France CAC40 / Sep 22	6637.00

Item	Value
Crude Oil / Sep 22	71.98
Karachi Cotton Assoc. / Sep 22	12880.00
Gold 10 Grams / Sep 22	94700.00
Gold Spot / Sep 22	1767.66
Cotton / Sep 22	90.87

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