News stories for Sohail Sarfraz

Sohail Sarfraz

Government mulling abolishing number of withholding taxes

The government is planning to abolish a number of withholding taxes in the budget (2019-20). Sources told Business Recorder here on Wednesday that the Federal Board of Revenue (FBR) has proposed to retain major withholding taxes, which are contribu

Published 30 May, 2019 12:00am

Markets

Country to go for e-governance system: NSW project to be made operational by 2021: Shabbar

Federal Board of Revenue (FBR) Chairman Shabbar Zaidi Tuesday said that Pakistan has decided to go for the e-governance system on an urgent basis under the policy decision of making National Single Window project operational for importers/exporters by 202

Published 29 May, 2019 12:00am

Markets

Country to go for e-governance system: NSW project to be made operational by 2021: Shabbar

Published 29 May, 2019 12:00am

Markets

Country to go for e-governance system: NSW project to be made operational by 2021: Shabbar

Published 29 May, 2019 12:00am

Markets

Assets Declaration Ordinance, 2019: Name, identification of legal owner shall be declared: FBR

The Federal Board of Revenue (FBR) has clarified that the name and identification of the legal owner or Benamidar should be declared under Assets Declaration Ordinance, 2019 where an asset declared is only beneficially owned by the declarant or is owned b

Published 27 May, 2019 12:00am

Compliant taxpayers must avail opportunity to pay taxes at reduced rates

The government should offer all compliant/regular taxpayers to disclose income/sales/assets in future at the rates offered to owners of undisclosed assets under the Assets Declaration Ordinance, 2019 to avoid discrimination and honour the contributions ma

Published 27 May, 2019 12:00am

Markets

Assets Declaration Ordinance, 2019: Name, identification of legal owner shall be declared: FBR

Published 27 May, 2019 12:00am

Markets

Assets Declaration Ordinance, 2019: Name, identification of legal owner shall be declared: FBR

Published 27 May, 2019 12:00am

Markets

Stock exchange: Policy board asks SECP to enlist loss-making companies

In a major policy shift to encourage listing of companies, the Securities & Exchange Commission of Pakistan (SECP) Policy Board has directed the SECP to allow loss-making companies to get enlisted with the stock exchange.

Published 26 May, 2019 12:00am

Markets

Stock exchange: Policy board asks SECP to enlist loss-making companies

Published 26 May, 2019 12:00am

Markets

Stock exchange: Policy board asks SECP to enlist loss-making companies

Published 26 May, 2019 12:00am

Markets

SECP unveils procedure for shares buyback

The Securities and Exchange Commission of Pakistan (SECP) has issued the procedure for buyback of shares of companies listed on the securities exchange. The SECP has issued Listed Companies (Buy-Back of Shares) Regulations, 2019 on Friday. The Listed Comp

Published 25 May, 2019 12:00am

Markets

SECP unveils procedure for shares buyback

Published 25 May, 2019 12:00am

Markets

SECP unveils procedure for shares buyback

Published 25 May, 2019 12:00am

Markets

Assets Declaration Scheme: FBR and DGIT to hold roadshows abroad

The Federal Board of Revenue (FBR) and the Directorate General of International Tax (Operations) have decided to hold road shows in the United Arab Emirates (UAE), United Kingdom (UK), USA and Canada for encouraging overseas Pakistanis there to declare an

Published 24 May, 2019 12:00am

Markets

Assets Declaration Scheme: FBR and DGIT to hold roadshows abroad

Published 24 May, 2019 12:00am

Markets

Assets Declaration Scheme: FBR and DGIT to hold roadshows abroad

Published 24 May, 2019 12:00am

Markets

Raising number of GST-registered persons: Budget to introduce legislation, says FBR chief

Federal Board of Revenue (FBR) Chairman Shabbar Zaidi has said that next fiscal year's budget (2019-20) would introduce legislation to increase the number of sales tax registered persons, particularly manufacturers and unregistered industrial consumers of

Published 23 May, 2019 12:00am

Markets

Raising number of GST-registered persons: Budget to introduce legislation, says FBR chief

Published 23 May, 2019 12:00am

Markets

Raising number of GST-registered persons: Budget to introduce legislation, says FBR chief

Federal Board of Revenue (FBR) Chairman Shabbar Zaidi has said that next fiscal year''s budget (2019-20) would introduce legislation to increase the number of sales tax registered persons, particularly manufacturers and unregistered industrial consumers o

Published 23 May, 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

Sohail Sarfraz

Government mulling abolishing number of withholding taxes

Country to go for e-governance system: NSW project to be made operational by 2021: Shabbar

Country to go for e-governance system: NSW project to be made operational by 2021: Shabbar

Country to go for e-governance system: NSW project to be made operational by 2021: Shabbar

Assets Declaration Ordinance, 2019: Name, identification of legal owner shall be declared: FBR

Compliant taxpayers must avail opportunity to pay taxes at reduced rates

Assets Declaration Ordinance, 2019: Name, identification of legal owner shall be declared: FBR

Assets Declaration Ordinance, 2019: Name, identification of legal owner shall be declared: FBR

Stock exchange: Policy board asks SECP to enlist loss-making companies

Stock exchange: Policy board asks SECP to enlist loss-making companies

Stock exchange: Policy board asks SECP to enlist loss-making companies

SECP unveils procedure for shares buyback

SECP unveils procedure for shares buyback

SECP unveils procedure for shares buyback

Assets Declaration Scheme: FBR and DGIT to hold roadshows abroad

Assets Declaration Scheme: FBR and DGIT to hold roadshows abroad

Assets Declaration Scheme: FBR and DGIT to hold roadshows abroad

Raising number of GST-registered persons: Budget to introduce legislation, says FBR chief

Raising number of GST-registered persons: Budget to introduce legislation, says FBR chief

Raising number of GST-registered persons: Budget to introduce legislation, says FBR chief

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