News stories for Zaheer Abbasi

Zaheer Abbasi

Power regulation law: Proposed amendments approved by ECC

A meeting of the Economic Coordination Committee (ECC) of the Cabinet has approved proposed amendments to the Regulation of Generation, Transmission and Distribution of Electronic Power Act, 1997 to meet the International Monetary Fund (IMF) condition for

Published 07 Jan, 2020 12:00am

There must be no complacency towards FATF challenge: MoF

The Finance Ministry stated Monday that there would be serious implications on the country if Financial Action Task Force (FATF) action plan was not complied with, after Senate Standing Committee on Finance put off the approval of the proposed changes in

Published 07 Jan, 2020 12:00am

Pakistan

AML Act 2010: Parliamentary panel may approve amendments today

A parliamentary panel would take up and may approve today (Monday) critically important proposed bill to further amend the Anti-Money Laundering (AML) Act 2010 which would help the country to comply with the recommendations of financial action task force

Published 06 Jan, 2020 12:00am

Business & Finance

Gwadar's connectivity: Railways directed to brief on issues, hiccups & planning

Observing that Gwadar's connectivity with rest of the country through road network as well as railway line is critical, a parliamentary panel directed Pakistan Railways to give a detailed briefing on the current position, issues and hiccups as well as lon

Published 04 Jan, 2020 12:00am

NAB actions over procedural mistakes, errors: 'Fear not - I'll protect you,' PM tells bureaucrats

Prime Minister Imran Khan has stated that the government's primary purpose is to ensure wealth creation as it is critical for the repayment of national debt.

Published 03 Jan, 2020 12:00am

We can provide food security to Mideast: PM

Prime Minister Imran Khan has acknowledged that 2019 was a difficult year for the people of the country as stabilization of the economy fuelled inflation, maintaining that 2020 would be a year of development.

Published 02 Jan, 2020 12:00am

Hafeez asks FBR to redouble efforts

Adviser to Prime Minister on Finance Dr Abdul Hafeez Shaikh has asked Federal Board of Revenue (FBR) to aggressively follow up on its agreement with traders to expand the tax base.

Published 02 Jan, 2020 12:00am

Import compression causing Rs 56 billion monthly tax effect

Rs 56 billion monthly tax effect due to import compression, if continues, may worsen budget deficit, sources in the Finance Ministry said on condition of anonymity.

Published 01 Jan, 2020 12:00am

Pakistan

PM launches 'Sehat Sahulat Program' for transgender community

Prime Minister Imran Khan has launched Sehat Sahulat Program for transgender community and disbursed cards among them, saying the government would provide health protection to them.

Published 31 Dec, 2019 12:00am

Imported cotton: ECC to withdraw GST, other duties from January 15

The Economic Coordination Committee (ECC) of the Cabinet has decided to withdraw 3 percent regulatory duty, 2 percent additional customs duty and 5 percent sales tax on the imported cotton from January 15, 2020.

Published 31 Dec, 2019 12:00am

Government comes under fire over growing gas shortages

The government came under severe criticism over the gas loadshedding in the country with Sui Northern Gas Pipelines Limited (SNGPL) blamed extreme winter conditions responsible for the outages.

Published 27 Dec, 2019 12:00am

NA panel informed: 'Containers are cleared in 20 minutes through WEBOC system': FBR

The Federal Board of Revenue (FBR) has stated that import containers are cleared in 20 minutes through the WEBOC-GLOBAL customs clearance system.

Published 25 Dec, 2019 12:00am

Incentives to overseas Pakistanis: Government mulling various options: Imran

Prime Minister Imran Khan said on Tuesday that Pakistan would witness growth in the next year that would ultimately create employment opportunities for the youth.

Published 25 Dec, 2019 12:00am

Business & Finance

Rs 6 billion grant for USC approved by cabinet

The Economic Coordination Committee (ECC) of the Cabinet has approved a proposal of Ministry of Industries & Production for utilization of Rs 6 billion for subsidy and procurement of essential commodities for the Utility Stores Corporation (USC) of Pakist

Published 24 Dec, 2019 12:00am

Turnover tax to be slashed to 0.5 percent, FBR tells NA panel

The Federal Board of Revenue (FBR) has stated that as per agreement with traders, turnover tax would be decreased from 1.5 percent to 0.5 percent and limit of annual turnover tax would be increased to Rs 100 million from Rs 10 million.

Published 24 Dec, 2019 12:00am

AML/CFT: Supervisory board to be constituted

The Finance Division would constitute National Savings Anti Money Laundering/ Combating Financing Terrorism (AML/CFT) Supervisory Board to provide independent oversight of implementation of rules and take necessary enforcement actions against violations.

Published 21 Dec, 2019 12:00am

CDNS, NSCs and Pakistan Post told: Customers' risk profiling a must under AMLA

The Finance Division has made it mandatory for the officers of Central Directorate of National Savings, National Savings Centers and Pakistan Post to carry out business and risk profiling of their customers/accountholders, identify beneficial owners and c

Published 20 Dec, 2019 12:00am

Builders, developers: PM asks FBR chief to resolve issues

Prime Minister Imran Khan has directed chairman Federal Board of Revenue (FBR) to resolve the genuine problems of builders and developers, besides constituting a high-level committee to formulate recommendations for providing incentives to overseas Pakist

Published 20 Dec, 2019 12:00am

Real estate regulation & development ordinance approved

The federal cabinet has approved in principle the Real Estate Regulation and Development Ordinance 2019 subject to clearance by the Cabinet Committee for Disposal of Legislative Cases (CCLC) to effectively manage the affairs of housing sector.

Published 20 Dec, 2019 12:00am

Startup ecosystem: Ways & means for enhancing foreign investment discussed

Adviser to the Prime Minister on Finance Dr Abdul Hafeez Shaikh chaired a meeting here at Finance Division to discuss ways and means for enhancing foreign investment in Pakistani startup ecosystem.

Published 19 Dec, 2019 12:00am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 19	278.45
USD PKR Interbank Buying / Apr 19	278.15
USD to Japanese Yen / Apr 19	154.37
USD to Swiss Franc / Apr 19	0.91
Pound Sterling to USD / Apr 19	1.24
Euro to USD / Apr 19	1.06

Stock	Volume
S&P 500 / Apr 18	5011.12
Nasdaq / Apr 18	15601.50
FTSE 100 / Apr 18	7877.05
Dow Jones / Apr 18	37775.38
Germany DAX 30 / Apr 18	17837.40
France CAC40 / Apr 18	8023.26
India Sensex / Apr 19	72222.48
Tokyo Nikkei / Apr 19	37068.35

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 18	21735
Gold 10 Grams PKR / Apr 18	214077
Petrol/Litre / Apr 19	293.94
Crude Oil USD/Barrel / Apr 19	84.27
Gold Spot USD/Ounce / Apr 19	2382.04
Diesel/Litre / Apr 19	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 19 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 19 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 19 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 19 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 19 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 19 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 19 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 19 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 19 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 19 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 19 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 19 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 19 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 19 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 19 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 19 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 19 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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