News stories for Sohail Sarfraz

Sohail Sarfraz

Markets

FAQs replied by SECP on beneficial ownership

The Securities and Exchange Commission of Pakistan (SECP) has clarified that beneficial ownership (BO) information is necessary to detect and prevent tax evasion, corruption, money laundering, terrorist financing, and other illicit behavior involving one

Published 04 Dec, 2019 12:00am

Business & Finance

Ishrat for effective use of CNIC to detect tax evasion

Advisor to the Prime Minister for Institutional Reforms & Austerity Dr Ishrat Hussain said on Monday that the government will have to automate all business processes, simplify laws, eliminate interaction between tax collector and taxpayers and use CNIC (c

Published 03 Dec, 2019 12:00am

Insurance business: SECP delegates certain powers to Commissioner Insurance

The Securities and Exchange Commission of Pakistan (SECP) has delegated certain powers and functions of the Commission to its Commissioner (Insurance) and the officers of the Insurance Division, to deal with the insurance companies, insurance brokers, ins

Published 03 Dec, 2019 12:00am

July-November updated collection shows Rs211.4bn shortfall

The updated collection of the Federal Board of Revenue (FBR) stood at Rs 1,617 billion during July-November (2019-20) against the target of Rs 1,828.4 billion, reflecting a shortfall of Rs 211.4 billion. According to a tweet of FBR Chairman Shabbar Zaidi

Published 01 Dec, 2019 12:00am

Lending Modaraba may raise funds through issuance of 'COM': SECP

A lending Modaraba, having enabling clause for resource mobilization in its prospectus, with the approval of the Commission, may raise funds through issuance of Certificates of Musharakah (COM) after complying with the laid down requirements by the Commis

Published 01 Dec, 2019 12:00am

Provisional figure: Rs 218.4 billion shortfall in collection

Federal Board of Revenue (FBR) has provisionally collected Rs 1,610 billion during July-November (2019-20) against target of Rs 1,828.4 billion, reflecting a shortfall of Rs 218.4 billion.

Published 30 Nov, 2019 12:00am

Corporate sector: SECP withdraws major documentary measure

Securities and Exchange Commission of Pakistan (SECP) Friday withdrew a major documentary measure from corporate sector by taking away condition of mandatory submission of compliance certificate regarding its status of compliance with the requirements of

Published 30 Nov, 2019 12:00am

Info about account holders: FBR chief says banks agree to withdraw litigation

Chairman Federal Board of Revenue (FBR) Shabbar Zaidi said Friday that Pakistan Banks' Association and Presidents of all banks have agreed to withdraw pending litigation on the matter of furnishing of certain information of accountholders to the FBR. Acco

Published 30 Nov, 2019 12:00am

Registered units: DG&I, IR restrained from conducting raids

Chairman Federal Board of Revenue (FBR) Shabbar Zaidi has decided to restrain Directorate General of Intelligence and Investigation Inland Revenue (IR) from conducting income tax and sales tax raids on registered units, creating harassment among the busin

Published 30 Nov, 2019 12:00am

CCP recommends steps to protect real estate investors

A three-member bench of the Competition Commission of Pakistan (CCP) Thursday declared that numerous cases have been witnessed in Pakistan's burgeoning real estate sector where investors in housing schemes have been defrauded by unscrupulous elements.

Published 29 Nov, 2019 12:00am

FY 2018-19: FBR missed collection target due to shortfall in six areas

The Federal Board of Revenue (FBR) has missed the revenue collection by Rs 321.5 billion in 2018-19 due to shortfall in six areas.

Published 29 Nov, 2019 12:00am

Business & Finance

Track and trace system licence: IHC issues notice to FBR for submission of report

Islamabad High Court (IHC) has issued notice to the Federal Board of Revenue (FBR) to file report on the grant of license of track and trace system for tobacco products to the M/s Radio & Telecommunication Corporation (NRTC).

Updated 28 Nov, 2019 07:51am

FED target: Achieving 61.2pc growth to be a herculean task: FBR

The Federal Board or Revenue has termed growth of 61.2 percent to meet the revenue collection target of Federal Excise Duty (FED) during 2019-20 as a herculean task for the tax machinery.

Published 28 Nov, 2019 12:00am

FED in ST mode: Edible oil, steel sectors must follow Sections 8B and 23 of ST Act: FBR

The Federal Board of Revenue (FBR) has made it mandatory for two major sectors, ie, edible oil, vegetable ghee/cooking oil and steel/billet manufacturers, paying Federal Excise Duty (FED) in sales tax mode, to follow tax invoices/adjustment of sales tax p

Published 28 Nov, 2019 12:00am

Business & Finance

Fee structure for registering Modaraba companies revised

In line with the directions of the Securities and Exchange Policy Board, Securities and Exchange Commission of Pakistan (SECP) has revised fee structure for registration of Modaraba companies, annual renewal and other regulated activities within the Modar

Published 27 Nov, 2019 12:00am

FBR lists factors behind revenue shortfall during 2018-19

The Federal Board of Revenue (FBR) has described slowdown in the construction-allied sectors including cement and steel, and import compression as major factors behind revenue shortfall during 2018-19. According to the FBR's biannual review (July-December

Published 27 Nov, 2019 12:00am

Draft authority law seeks repeal of FBR law

The draft Federal Revenue Authority Act 2020 has proposed to reconstitute Federal Board of Revenue (FBR) into Federal Revenue Authority (FRA) to make it a service-oriented organization, with job protection to existing employees, and greater autonomy and p

Published 26 Nov, 2019 12:00am

Modaraba sector: SECP to introduce new regulatory framework

In order to monitor investment/transactions in the Modaraba sector, the Securities and Exchange Commission of Pakistan (SECP) has decided to introduce new regulatory framework by imposing minimum conditions on Modaraba for providing finance to their custo

Published 25 Nov, 2019 12:00am

Proposed regulatory regime for stock brokers: SECP extends consultation period till November 27

The Securities and Exchange Commission of Pakistan (SECP) has extended the consultation period till November 27 on recently proposed regulatory regime for stock brokers that aims at revitalizing the capital market and expansion of investor base.

Published 25 Nov, 2019 12:00am

FBR to launch 'POS' for large retailers

Federal Board of Revenue (FBR) Chairman Shabbar Zaidi Saturday said the FBR will launch automated Point of Sale (POS) for all large retailers from December 2019.

Published 24 Nov, 2019 12:00am

Gainers
Losers
Leaders

Stock	Price
SME Leasing Ltd / May 27 SME Leasing Limited(SLL)	3.40 ▲ 0.95 (38.78%)
Reliance Ins. / May 27 Reliance Insurance Company Limited(RICL)	6.45 ▲ 0.95 (17.27%)
Escorts Bank / May 27 Escorts Investment Bank Limited(ESBL)	7.06 ▲ 1.00 (16.50%)
Punjab Mod / May 27 First Punjab Modaraba(FPJM)	1.92 ▲ 0.22 (12.94%)
Dandot Cement / May 27 Dandot Cement Company Limited(DNCC)	8.20 ▲ 0.90 (12.33%)
F.Treet Manuf / May 27 First Treet Manufacturing Modaraba(FTMM)	8.75 ▲ 0.75 (9.38%)
Samba Bank / May 27 Samba Bank Limited(SBL)	10.25 ▲ 0.86 (9.16%)
Ruby Tex. / May 27 Ruby Textile Mills Limited(RUBY)	4.35 ▲ 0.35 (8.75%)
PICIC Ins.Ltd. / May 27 PICIC Insurance Limited(PIL)	1.03 ▲ 0.08 (8.42%)
Husein Sugar / May 27 Husein Sugar Mills Limited(HSM)	13.72 ▲ 1.00 (7.86%)

Stock	Price
Tri-Star Mutual / May 27 Tri-Star Mutual Fund Limited(TSMF)	5.75 ▲ -1.00 (-14.81%)
Nazir Cotton Mills / May 27 Nazir Cotton Mills Limited(NCML)	5.17 ▲ -0.68 (-11.62%)
Pak Gen.Ins. / May 27 The Pakistan General Insurance Co. Ltd.(PKGI)	8.20 ▲ -0.99 (-10.77%)
Silk Bank Ltd / May 27 Silkbank Limited(SILK)	1.29 ▲ -0.14 (-9.79%)
Askari Life Assur. / May 27 Askari Life Assurance Company Limited(ALAC)	6.21 ▲ -0.67 (-9.74%)
Ist.Dawood Bank / May 27 First Dawood Investment Bank Limited(FDIBL)	2.10 ▲ -0.18 (-7.89%)
Ghazi Fabrics / May 27 Ghazi Fabrics International Limited(GFIL)	5.81 ▲ -0.49 (-7.78%)
Thal Ind.Corp. / May 27 Thal Industries Corporation Limited(TICL)	253.91 ▲ -20.58 (-7.50%)
Cordoba Logistics / May 27 Cordoba Logistics & Ventures Limited(CLVL)	13.21 ▲ -1.07 (-7.49%)
Philip Morris Pak. / May 27 Philip Morris (Pakistan) Limited(PMPK)	536.53 ▲ -43.47 (-7.49%)

Stock	Volume
Cnergyico PK / May 27 Cnergyico PK Limited(CNERGY)	63,944,791 ▼ 0.00
Pak Refinery / May 27 Pakistan Refinery Limited(PRL)	54,932,038 ▼ 0.00
WorldCall Telecom / May 27 Worldcall Telecom Limited(WTL)	21,383,000 ▼ 0.00
Hum Network / May 27 Hum Network Limited(HUMNL)	21,349,500 ▼ 0.00
Ghani Glo Hol / May 27 Ghani Global Holdings Limited(GGL)	19,460,637 ▼ 0.00
Pak Elektron / May 27 Pak Elektron Limited(PAEL)	19,140,500 ▼ 0.00
Telecard Limited / May 27 Telecard Limited(TELE)	18,961,000 ▼ 0.00
K-Electric Ltd. / May 27 K-Electric Limited(KEL)	15,469,500 ▼ 0.00
Unity Foods Ltd / May 27 Unity Foods Limited(UNITY)	12,464,558 ▼ 0.00
Fauji Foods Ltd / May 27 Fauji Foods Limited(FFL)	11,951,000 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate

Stock	Volume

Item	Value

Most Popular Articles