News stories for Sohail Sarfraz - Business Recorder

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Coronavirus
VERY HIGH Source: covid.gov.pk

Pakistan Deaths
27,374 ▲

4724hr

Pakistan Cases
1,230,238 ▲

2,33324hr

4.56% positivity

Sindh
452,267

Punjab
424,701

Balochistan
32,796

Islamabad
104,472

KPK
171,874

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

Sohail Sarfraz

Business Recorder

Markets

Five export-oriented sectors: sales tax zero-rating regime abolished

The government Tuesday abolished sales tax zero-rating regime for five export-oriented sectors i.e. textile, leather, carpets, sports goods and surgical goods and imposed 17 percent sales tax on items covered under SRO 1125(I)/2011.

Published 12 Jun, 2019 12:00am

Business Recorder

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'Business Registration Scheme' introduced

To promote documentation and curb tax evasion, the Finance Bill 2019 has introduced major measures including introduction of concept of Business Registration Scheme. Through the Finance Bill 2019, a major change has been introduced i.e. amendment in the d

Published 12 Jun, 2019 12:00am

Business Recorder

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''''Business Registration Scheme'''' introduced

To promote documentation and curb tax evasion, the Finance Bill 2019 has introduced major measures including introduction of concept of Business Registration Scheme. Through the Finance Bill 2019, a major change has been introduced i.e. amendment in the d

Published 12 Jun, 2019 12:00am

Business Recorder

Print

''Business Registration Scheme'' introduced

To promote documentation and curb tax evasion, the Finance Bill 2019 has introduced major measures including introduction of concept of Business Registration Scheme. Through the Finance Bill 2019, a major change has been introduced i.e. amendment in the d

Published 12 Jun, 2019 12:00am

Business Recorder

Print

'Business Registration Scheme' introduced

To promote documentation and curb tax evasion, the Finance Bill 2019 has introduced major measures including introduction of concept of Business Registration Scheme. Through the Finance Bill 2019, a major change has been introduced i.e. amendment in the d

Published 12 Jun, 2019 12:00am

Business Recorder

Print

Economic Survey released: huge cost of exemptions, concessions

The total tax exemptions and concessions to various businesses, sectors, lobbies/groups, investors and Chinese imports have cost the government Rs 972.4 billion during the fiscal year 2018-19 against Rs 540.98 billion in 2017-18, reflecting an increase of

Published 11 Jun, 2019 12:00am

Business Recorder

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Economic Survey released: huge cost of exemptions, concessions

The total tax exemptions and concessions to various businesses, sectors, lobbies/groups, investors and Chinese imports have cost the government Rs 972.4 billion during the fiscal year 2018-19 against Rs 540.98 billion in 2017-18, reflecting an increase of

Published 11 Jun, 2019 12:00am

Business Recorder

Print

Economic Survey released: huge cost of exemptions, concessions

The total tax exemptions and concessions to various businesses, sectors, lobbies/groups, investors and Chinese imports have cost the government Rs 972.4 billion during the fiscal year 2018-19 against Rs 540.98 billion in 2017-18, reflecting an increase of

Published 11 Jun, 2019 12:00am

Business Recorder

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Finance Bill to introduce key tax reforms

Finance Bill (2019-20) will introduce key tax reforms for facilitation of taxpayers and promote transparency within the tax machinery of the Federal Board of Revenue (FBR). Budget makers are seriously considering different facilitation proposals in coming

Published 10 Jun, 2019 12:00am

Business Recorder

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Finance Bill to introduce key tax reforms

Finance Bill (2019-20) will introduce key tax reforms for facilitation of taxpayers and promote transparency within the tax machinery of the Federal Board of Revenue (FBR). Budget makers are seriously considering different facilitation proposals in coming

Published 10 Jun, 2019 12:00am

Business Recorder

Print

Finance Bill to introduce key tax reforms

Finance Bill (2019-20) will introduce key tax reforms for facilitation of taxpayers and promote transparency within the tax machinery of the Federal Board of Revenue (FBR). Budget makers are seriously considering different facilitation proposals in coming

Published 10 Jun, 2019 12:00am

Business Recorder

Print

Finance Bill to introduce key tax reforms

Finance Bill (2019-20) will introduce key tax reforms for facilitation of taxpayers and promote transparency within the tax machinery of the Federal Board of Revenue (FBR). Budget makers are seriously considering different facilitation proposals in coming

Published 10 Jun, 2019 12:00am

Business Recorder

Print

FBR seeks to raise ST up to 18 percent

The Federal Board of Revenue (FBR) has proposed increasing sales tax across the board from 17 to 18 percent to generate Rs 100 billion as a component of meeting the additional revenue target of Rs 1.45 trillion. The question of the affectivity of this tax

Published 09 Jun, 2019 12:00am

Business Recorder

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FBR seeks to raise ST up to 18 percent

The Federal Board of Revenue (FBR) has proposed increasing sales tax across the board from 17 to 18 percent to generate Rs 100 billion as a component of meeting the additional revenue target of Rs 1.45 trillion. The question of the affectivity of this tax

Published 09 Jun, 2019 12:00am

Business Recorder

Print

FBR seeks to raise ST up to 18 percent

The Federal Board of Revenue (FBR) has proposed increasing sales tax across the board from 17 to 18 percent to generate Rs 100 billion as a component of meeting the additional revenue target of Rs 1.45 trillion. The question of the affectivity of this tax

Published 09 Jun, 2019 12:00am

Business Recorder

Print

Undeclared assets/income: PM vows action against those not availing amnesty

Prime Minister Imran Khan on Tuesday vowed action after June 30, 2019 against those individuals who despite owing undeclared assets/income would not avail the Asset Declaration Scheme-2019. The Prime Minister chaired a preparatory meeting for budget 2019-

Published 05 Jun, 2019 12:00am

Business Recorder

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Undeclared assets/income: PM vows action against those not availing amnesty

Prime Minister Imran Khan on Tuesday vowed action after June 30, 2019 against those individuals who despite owing undeclared assets/income would not avail the Asset Declaration Scheme-2019. The Prime Minister chaired a preparatory meeting for budget 2019-

Published 05 Jun, 2019 12:00am

Business Recorder

Print

Undeclared assets/income: PM vows action against those not availing amnesty

Prime Minister Imran Khan on Tuesday vowed action after June 30, 2019 against those individuals who despite owing undeclared assets/income would not avail the Asset Declaration Scheme-2019. The Prime Minister chaired a preparatory meeting for budget 2019-

Published 05 Jun, 2019 12:00am

Business Recorder

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Textile industry representatives meet Hammad, Shabbar: ''''withdrawal of ST zero-rating to encourage smuggling''''

Textile industry Monday conveyed to State Minister for Revenue Hammad Azhar and the Federal Board of Revenue (FBR) that the withdrawal of sales tax zero-rating would result in massive smuggling of textile items and raise liquidity crunch up to Rs 700 bill

Published 04 Jun, 2019 12:00am

Business Recorder

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Textile industry representatives meet Hammad, Shabbar: ''withdrawal of ST zero-rating to encourage smuggling''

Textile industry Monday conveyed to State Minister for Revenue Hammad Azhar and the Federal Board of Revenue (FBR) that the withdrawal of sales tax zero-rating would result in massive smuggling of textile items and raise liquidity crunch up to Rs 700 bill

Published 04 Jun, 2019 12:00am

Gainers
Losers
Leaders

Stock	Price
Grays Leas. / Sep 23 Grays Leasing Limited(GRYL)	4.14 ▲ 0.44 (11.89%)
Shaheen Ins. / Sep 23 Shaheen Insurance Company Limited(SHNI)	3.99 ▲ 0.29 (7.84%)
AL-Noor Sugar / Sep 23 Al-Noor Sugar Mills Limited(ALNRS)	76.84 ▲ 5.36 (7.50%)
Aisha Steel / Sep 23 Aisha Steel Mills Limited(ASL)	23.65 ▲ 1.65 (7.50%)
Century Ins. / Sep 23 Century Insurance Company Limited(CENI)	19.39 ▲ 1.35 (7.48%)
Huffaz Pipe / Sep 23 Huffaz Seamless Pipe Industries Limited(HSPI)	23.13 ▲ 1.61 (7.48%)
Gatron Ind. / Sep 23 Gatron (Industries) Limited(GATI)	515.00 ▲ 34.99 (7.29%)
Pak Engg. / Sep 23 Pakistan Engineering Co Limited(PECO)	324.00 ▲ 21.99 (7.28%)
Din Tex. / Sep 23 Din Textile Mills Limited(DINT)	169.90 ▲ 10.90 (6.86%)
S.G. Power Ltd. / Sep 23 S.G. Power Limited(SGPL)	3.90 ▲ 0.25 (6.85%)

Stock	Price
Panther Tyres / Sep 23 Panther Tyres Limited(PTL)	54.30 ▲ -18.02 (-24.92%)
Pak Gen. Ins. / Sep 23 The Pakistan General Insurance Co. Ltd.(PKGI)	4.20 ▲ -1.00 (-19.23%)
Pak Gulf Leas. / Sep 23 Pak-Gulf Leasing Company Limited(PGLC)	5.70 ▲ -0.96 (-14.41%)
Tri-Star / Sep 23 Tri-Star Mutual Fund Limited(TSMF)	5.90 ▲ -0.90 (-13.24%)
Ruby Tex. / Sep 23 Ruby Textile Mills Limited(RUBY)	6.73 ▲ -1.00 (-12.94%)
1st Dawood / Sep 23 First Dawood Investment Bank Limited(FDIBL)	2.30 ▲ -0.34 (-12.88%)
First Elite Cap. Mod. / Sep 23 First Elite Capital Modaraba(FECM)	3.70 ▲ -0.52 (-12.32%)
Dewan Farooq. Spin. / Sep 23 Dewan Farooque Spinning Mills Limited(DFSM)	4.14 ▲ -0.58 (-12.29%)
Security Bank / Sep 23 Security Investment Bank Limited(SIBL)	6.05 ▲ -0.79 (-11.55%)
Dewan Farooque Motors / Sep 23 Dewan Farooque Motors Limited(DFML)	8.24 ▲ -1.00 (-10.82%)

Stock	Volume
Worldcall / Sep 23 Worldcall Telecom Limited(WTL)	90,547,000 ▼ 0.00
Azgard Nine / Sep 23 Azgard Nine Limited(ANL)	35,958,500 ▼ 0.00
Hum Network / Sep 23 Hum Network Limited(HUMNL)	34,001,500 ▼ 0.00
Byco Petroleum / Sep 23 Byco Petroleum Pakistan Limited(BYCO)	32,990,000 ▼ 0.00
Telecard Ltd. / Sep 23 Telecard Limited(TELE)	26,640,500 ▼ 0.00
Hascol Petroleum / Sep 23 Hascol Petroleum Limited(HASCOL)	18,760,680 ▼ 0.00
Silkbank / Sep 23 Silkbank Limited(SILK)	14,107,000 ▼ 0.00
Unity Foods / Sep 23 Unity Foods Limited(UNITY)	13,955,683 ▼ 0.00
TPL Corp / Sep 23 TPL Corp Limited(TPL)	13,189,500 ▼ 0.00
Ghani Global Hold. / Sep 23 Ghani Global Holdings Limited(GGL)	12,858,000 ▼ 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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