News stories for Sohail Sarfraz

Sohail Sarfraz

Markets

FBR to take major steps against money laundering

The Federal Board of Revenue (FBR) will take major steps to counter money laundering. The measures include establishment of Customs Border Force (CBF) comprising 3,000 personnel, audit of money exchangers in border towns, installing Global Travellers Asse

Published 19 Mar, 2019 12:00am

Markets

FBR to take major steps against money laundering

Published 19 Mar, 2019 12:00am

Markets

FBR to take major steps against money laundering

Published 19 Mar, 2019 12:00am

FBR estimates tax gap of ST, IT at 65 percent, 57 percent respectively

Federal Board of Revenue (FBR) has preliminary estimated tax gap of sales tax and income tax at 65 percent and 57 percent respectively, according to the latest data compiled by FBR. Sources told Business Recorder that the tax gap of sales tax and i

Published 18 Mar, 2019 12:00am

FBR estimates tax gap of ST, IT at 65 percent, 57 percent respectively

Published 18 Mar, 2019 12:00am

FBR estimates tax gap of ST, IT at 65 percent, 57 percent respectively

Published 18 Mar, 2019 12:00am

Pendency of appeals FBR urged to provide info before CIR forum

The Federal Board of Revenue (FBR) has been urged to provide information regarding pendency of appeals before first appellate forum (Commissioner Inland Revenue-Appeals) under Income Tax Ordinance, 2001 and Sales Tax Act, 1990 and revenue involved in thes

Published 18 Mar, 2019 12:00am

Markets

Umar given the all-clear to legalise bitcoin trade

Pakistan''s premier intelligence agency has recommended to Finance Minister Asad Umar to legalise the business of crypto-currencies, register around 5,000 crypto currency/Bitcoin exchanges/dealers, classify such currencies as an ''investment'' with all ne

Published 17 Mar, 2019 12:00am

Markets

Umar given the all-clear to legalise bitcoin trade

Pakistan's premier intelligence agency has recommended to Finance Minister Asad Umar to legalise the business of crypto-currencies, register around 5,000 crypto currency/Bitcoin exchanges/dealers, classify such currencies as an 'investment' with all net g

Published 17 Mar, 2019 12:00am

Markets

Umar given the all-clear to legalise bitcoin trade

Published 17 Mar, 2019 12:00am

March 31 new deadline set: late filers and non-filers given last chance

The late filers and non-filers of income tax returns for Tax Year 2018 have been provided a last opportunity to file their income tax returns up to March 31, 2019 for inclusion of their names in the Active Taxpayer List (ATL), making them eligible to purc

Published 16 Mar, 2019 12:00am

March 31 new deadline set: late filers and non-filers given last chance

Published 16 Mar, 2019 12:00am

March 31 new deadline set: late filers and non-filers given last chance

Published 16 Mar, 2019 12:00am

Benami Act has overnight effect on other laws

Benami Transactions (Prohibition) Act 2017 has overnight effect on other laws, including Banking Companies Ordinance, for seeking information of benami banking transactions from banks. This was stated by Dr Hamid Ateeq Sarwar, FBR Member Inland Revenue Po

Published 15 Mar, 2019 12:00am

Benami Act has overnight effect on other laws

Published 15 Mar, 2019 12:00am

Benami Act has overnight effect on other laws

Published 15 Mar, 2019 12:00am

Benami law applicable from February 1, 2017

The date of application of Benami law would be from February 1, 2017 (date of passage of Benami Transactions (Prohibition) Act 2017 by the Parliament) and tax authorities can prosecute cases of immovable and immovable properties and Benami transactions fr

Published 14 Mar, 2019 12:00am

Benami law applicable from February 1, 2017

Published 14 Mar, 2019 12:00am

Tax recovery from offshore income: DGIO to become operational from March 18

The newly-established Directorate General of International Operations would become operational from Monday (March 18) for the imposition and recovery of taxes from undisclosed offshore assets and income held by Pakistanis abroad and to interact directly w

Published 14 Mar, 2019 12:00am

Benami law applicable from February 1, 2017

Published 14 Mar, 2019 12:00am

Gainers
Losers
Leaders

Stock	Price
Jahangir Siddiqui (R) / Jun 16 Jahangir Siddiqui & Co. Ltd (R)(JSCLR1)	7.01 ▲ 1.00 (16.64%)
Crescent Textile (R) / Jun 16 Crescent Textile Mills Ltd.(R)(CRTMR2)	7.76 ▲ 1.00 (14.79%)
Tri-Star / Jun 16 Tri-Star Mutual Fund Limited(TSMF)	5.85 ▲ 0.70 (13.59%)
Dar-es-Salaam / Jun 16 Dar-es-Salaam Textile Mills Limited(DSML)	8.50 ▲ 1.00 (13.33%)
K-Electric Ltd / Jun 16 K-Electric Limited(KEL)	4.70 ▲ 0.46 (10.85%)
A. Shah Ghazi / Jun 16 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	10.51 ▲ 1.00 (10.52%)
Escorts Bank / Jun 16 Escorts Investment Bank Limited(ESBL)	10.67 ▲ 1.00 (10.34%)
Ashfaq Textile / Jun 16 Ashfaq Textile Mills Limited(ASHT)	12.00 ▲ 1.00 (9.09%)
Khurshid Spinng / Jun 16 Khurshid Spinning Mills Limited(KHSM)	11.40 ▲ 0.90 (8.57%)
Power Cement Pref. / Jun 16 Power Cement Preference(POWERPS)	12.38 ▲ 0.88 (7.65%)

Stock	Price
Saudi Pak Leas. / Jun 16 Saudi Pak Leasing Company Limited(SPLC)	2.90 ▲ -0.27 (-8.52%)
Pak. P.V.C. / Jun 16 Pakistan PVC Limited(PPVC)	5.74 ▲ -0.49 (-7.87%)
TPL Ins. / Jun 16 TPL Insurance Limited(TPLI)	30.52 ▲ -2.47 (-7.49%)
IGI Life Ins. / Jun 16 IGI Life Insurance Limited(IGIL)	44.87 ▲ -3.63 (-7.48%)
Sanghar / Jun 16 Sanghar Sugar Mills Limited(SANSM)	19.43 ▲ -1.57 (-7.48%)
Shadman Cotton / Jun 16 Shadman Cotton Mills Limited(SHCM)	28.00 ▲ -2.26 (-7.47%)
Universal Ins. / Jun 16 The Universal Insurance Company Limited(UVIC)	5.68 ▲ -0.43 (-7.04%)
Data Agro / Jun 16 Data Agro Limited(DAAG)	20.04 ▲ -1.45 (-6.75%)
First Pak Modaraba / Jun 16 First Pak Modaraba(PAKMI)	2.65 ▲ -0.19 (-6.69%)
Pervez Ahmed Cons. / Jun 16 Pervez Ahmed Consultancy Services Ltd.(PASL)	1.45 ▲ -0.10 (-6.45%)

Stock	Volume
K-Electric Ltd / Jun 16 K-Electric Limited(KEL)	312,434,000 ▼ 0.00
Worldcall / Jun 16 Worldcall Telecom Limited(WTL)	146,782,500 ▼ 0.00
Byco Petr. / Jun 16 Byco Petroleum Pakistan Limited(BYCO)	128,292,500 ▼ 0.00
Hascol Petroleum / Jun 16 Hascol Petroleum Limited(HASCOL)	57,725,954 ▼ 0.00
Power Cement / Jun 16 Power Cement Limited(POWER)	29,663,000 ▼ 0.00
Ghani Global Hold. / Jun 16 Ghani Global Holdings Limited(GGL)	26,068,500 ▼ 0.00
Hum Network / Jun 16 Hum Network Limited(HUMNL)	25,237,000 ▼ 0.00
Maple Leaf / Jun 16 Maple Leaf Cement Factory Limited(MLCF)	24,760,482 ▼ 0.00
Flying Cement / Jun 16 Flying Cement Company Limited(FLYNG)	22,955,500 ▼ 0.00
Pak Int.Bulk Ter / Jun 16 Pakistan International Bulk Terminal Limited(PIBTL)	22,826,500 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 14	156.20
USD PKR Interbank Buying / Jun 14	156.10
USD to Japanese Yen / Jun 14	110.05
USD to Swiss Franc / Jun 14	0.90
Pound Sterling to USD / Jun 14	1.41
Euro to USD / Jun 14	1.21
UK LIBOR % / Jun 14	0.06

Stock	Volume
S&P 500 / Jun 14	4255.15
India Sensex / Jun 14	52551.53
Tokyo Nikkei / Jun 14	29161.80
Nasdaq / Jun 14	14174.14
Hang Seng / Jun 14	28842.13
FTSE 100 / Jun 14	7146.68
Dow Jones / Jun 14	34393.75
Germany DAX 30 / Jun 14	15673.64
France CAC40 / Jun 14	6616.35