News stories for Zaheer Abbasi

Zaheer Abbasi

TY2010-22 period: Tax rate for small companies slashed by 4 percent

The government has stated that tax rate for small companies has been reduced from 25 percent for the Tax Year 2010 to 21 percent for the Tax Year 2022.

Published 14 Dec, 2019 12:00am

Polio poses threat to economic outlook: PM

Prime Minister Imran Khan launched the last National Polio Eradication Campaign of the ongoing year on Friday by administering polio drops to children of less than five years of age, saying that polio-free Pakistan is critical for economic development and

Published 14 Dec, 2019 12:00am

Desert locust threat: Rs 459.5 million grant approved by ECC

The Economic Coordination Committee (ECC) of the Cabinet has approved a technical grant of Rs 459.5 million for dealing with the desert locust threat after Ministry of National Food Security and Research gave a briefing on the measures taken so far.

Published 13 Dec, 2019 12:00am

FY20 tax collection: Rs 5.5 trillion target could be revised downward

Chairman Federal Board of Revenue (FBR) Shabbar Zaidi has informed the Senate Standing Committee on Finance that revision in tax collection target of Rs 5.5 trillion for the current fiscal year is under consideration and the figure would be shared with th

Published 13 Dec, 2019 12:00am

Pakistan

Foreign funding: PTI expects ECP to scrutinise PML-N, PPP in same way

The ruling party Pakistan Tehreek-e-Insaf (PTI) said on Wednesday that it expects Election Commission of Pakistan (ECP) to scrutinize the foreign funds of Pakistan Muslim League-Nawaz (PML-N) and Pakistan Peoples Party (PPP) the same way it scrutinized th

Published 12 Dec, 2019 12:00am

Business & Finance

Rs 10.795 billion loss noted: AGP calls for probe into Lakhra Power malfeasance

The Auditor General of Pakistan (AGP) has recommended that financial mismanagement and financial indiscipline of Lakhra Power Generation Company Limited (GENCO IV) causing Rs 10.795 billion loss as well as less power generation of Rs 76.610 billion needs

Published 11 Dec, 2019 12:00am

PM launches anti-corruption mobile 'app'

Prime Minister Imran Khan on Monday launched anti-corruption mobile 'app' and urged the nation to participate in the government's campaign against corruption because it is essential for survival of the country and making the nation great by achieving econ

Published 10 Dec, 2019 12:00am

PM seems upbeat about growth prospects

Expressing his optimism about country's economic growth prospects, Prime Minister Imran Khan on Monday said that as economy is now stabilizing, the government's priority would be to increase allocation and spending on education and higher education.

Published 10 Dec, 2019 12:00am

CCP lists factors behind increase in vehicles' prices

The Competition Commission of Pakistan (CCP) has termed fluctuation in dollar-rupee parity and additional taxation as major factors behind increase in the prices of locally manufactured vehicles in the country.

Published 08 Dec, 2019 12:00am

Kamyab Jawan Programme: PM distributes cheques to create new jobs

Prime Minister Imran Khan on Friday distributed cheques among successful applicants of 'Kamyab Jawan Program' and stated that the government's priority is to facilitate small and medium businesses for job creation.

Published 07 Dec, 2019 12:00am

PM says government facing resistance in e-governance implementation

Prime Minister Imran Khan has stated that the government is facing resistance in implementation of e-governance but warned that resistance is not going to last long.

Published 06 Dec, 2019 12:00am

Sell-off of govt properties: Investors to be attracted thru marketing, PM told

Prime Minister Imran Khan has been informed that marketing of the properties of ministries and divisions identified for privatisation would be done at 'Dubai Expo' to attract overseas Pakistanis and investors.

Published 05 Dec, 2019 12:00am

Lack of funds for development projects: Fiscal deficit blamed

Advisor to Prime Minister on Finance Dr Abdul Hafeez Shaikh has blamed fiscal deficit for preventing the government from making funds available for development sector. Speaking at the inaugural session of the two-day conference titled 'Rethinking Microfin

Published 05 Dec, 2019 12:00am

Intensity of IMF programme the highest: Pasha

Former finance minister Dr Hafiz Pasha Wednesday said that 'intensity' of adjustments in the current International Monetary Fund (IMF) program is so high that 74 percent of three years' target of current account deficit and 55 percent of fiscal deficit ar

Published 05 Dec, 2019 12:00am

Business & Finance

EDB to present new renewable energy policy before CCI on 11th

Chief Executive Officer Energy Development Board Rana Abdul Jabbar has stated that that new renewable energy policy would be presented before the Council of Common Interests (CCI) on December 11 for approval.

Published 04 Dec, 2019 12:00am

Sales tax refunds: PM for making payment system 'further' easier

Prime Minister Imran Khan has directed chairman Federal Board of Revenue (FBR) to make the system introduced by the present government for payment of sales tax refunds to exporters "further" easier.

Published 03 Dec, 2019 12:00am

Fiscal operations: Q1 primary surplus stands at Rs 286 billion

The primary surplus for the first quarter of the current fiscal year, as per the summary of the consolidated federal and provincial budgetary operations 2019-20, was Rs 286 billion against a deficit of Rs 48 billion in the comparable period of last year.

Published 01 Dec, 2019 12:00am

Gainers
Losers
Leaders

Stock	Price
F. Nat.Equities / Dec 5 First National Equities Limited(FNEL)	6.28 ▲ 1.00 (18.94%)
First Elite Cap.Mod / Dec 5 First Elite Capital Modaraba(FECM)	3.25 ▲ 0.50 (18.18%)
Universal Ins. / Dec 5 The Universal Insurance Company Limited(UVIC)	7.15 ▲ 1.00 (16.26%)
Aisha Steel(ConPS) / Dec 5 Aisha Steel(ConPS)(ASLPS)	8 ▲ 0.85 (11.89%)
P.T.C.L. / Dec 5 Pakistan Telecommunication Company Ltd(PTC)	7.93 ▲ 0.76 (10.60%)
HBL Invest Fund / Dec 5 HBL Investment Fund(HIFA)	3.43 ▲ 0.31 (9.94%)
Trust Sec.& Brok. / Dec 5 Trust Securities & Brokerage Limited(TSBL)	11 ▲ 0.94 (9.34%)
Waves Home Appliances / Dec 5 Waves Home Appliances Limited(WHALE)	8.75 ▲ 0.72 (8.97%)
Jubilee Spinning / Dec 5 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	6.94 ▲ 0.54 (8.44%)
Al-Shaheer Corp / Dec 5 Al Shaheer Corporation Limited(ASC)	9.90 ▲ 0.77 (8.43%)

Stock	Price
Asim Textile / Dec 5 Asim Textile Mills Limited(ASTM)	12.70 ▼ -1.03 (-7.50%)
Universal Network (GEM) / Dec 5 Universal Network Systems Limited (GEM)(GEMUNSL)	28.23 ▼ -2.29 (-7.50%)
MithchellsFruit / Dec 5 Mitchells Fruit Farms Limited(MFFL)	243.94 ▼ -19.78 (-7.50%)
Pak Suzuki / Dec 5 Pak Suzuki Motor Company Limited(PSMC)	504.39 ▼ -40.90 (-7.50%)
Janana D Mal / Dec 5 Janana De Malucho Textile Mills Limited(JDMT)	63.82 ▼ -5.17 (-7.49%)
Reliance Ins. / Dec 5 Reliance Insurance Company Limited(RICL)	8.80 ▼ -0.70 (-7.37%)
Pak Gulf Leasing / Dec 5 Pak-Gulf Leasing Company Limited(PGLC)	7.18 ▼ -0.57 (-7.35%)
JS Investments / Dec 5 JS Investments Limited(JSIL)	16.02 ▼ -1.23 (-7.13%)
Masood Textile / Dec 5 Masood Textile Mills Limited(MSOT)	50.20 ▼ -3.80 (-7.04%)
AEL Textile / Dec 5 AEL Textile Limited(AEL)	20 ▼ -1.50 (-6.98%)

Stock	Volume
WorldCall Telecom / Dec 5 Worldcall Telecom Limited(WTL)	57,056,586 ▲ 0.04
Maple Leaf Cement / Dec 5 Maple Leaf Cement Factory Limited(MLCF)	43,072,746 ▼ -0.61
Fauji Cement / Dec 5 Fauji Cement Company Limited(FCCL)	41,923,500 ▲ 1.29
Pak Elektron / Dec 5 Pak Elektron Limited(PAEL)	39,797,114 ▲ 0.07
Fauji Fert Bin / Dec 5 Fauji Fertilizer Bin Qasim Limited(FFBL)	27,568,000 ▲ 0.14
Oil & Gas Dev. / Dec 5 Oil & Gas Development Company Limited(OGDC)	23,778,132 ▲ 5.13
Pak Petroleum / Dec 5 Pakistan Petroleum Limited(PPL)	23,491,106 ▲ 5.48
Pak Refinery / Dec 5 Pakistan Refinery Limited(PRL)	22,637,629 ▲ 0.38
Hum Network / Dec 5 Hum Network Limited(HUMNL)	22,004,000 ▲ 0.06
P.T.C.L. / Dec 5 Pakistan Telecommunication Company Ltd(PTC)	21,755,000 ▲ 0.76

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 4	284.75
USD PKR Interbank Buying / Dec 4	284.55
USD to Japanese Yen / Dec 4	147.21
USD to Swiss Franc / Dec 4	0.87
Pound Sterling to USD / Dec 4	1.26
Euro to USD / Dec 4	1.08
UK LIBOR % / Dec 1	5.46

Stock	Volume
S&P 500 / Dec 4	4569.78
India Sensex / Dec 4	68865.12
Tokyo Nikkei / Dec 4	33231.27
Nasdaq / Dec 4	14185.50
Hang Seng / Dec 4	16646.05
FTSE 100 / Dec 4	7512.96
Dow Jones / Dec 4	36204.44
Germany DAX 30 / Dec 4	16404.76
France CAC40 / Dec 4	7332.59

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 1	17235
Crude Oil USD/Barrel / Dec 4	73.31
Gold 10 Grams PKR / Dec 4	191701
Gold Spot USD/Ounce / Dec 4	2029.96
Cotton US¢/pound / Dec 4	78.68

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