News stories for Sohail Sarfraz & Zaheer Abbasi - Business Recorder

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اردو

May 17, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Sohail Sarfraz & Zaheer Abbasi

‘Issue of declaring production/transmission of electricity as ‘goods’ must be referred to CCI’

Business & Finance

‘Issue of declaring production/transmission of electricity as ‘goods’ must be referred to CCI’

ISLAMABAD: The Senate Standing Committee on Finance has recommended that the issue of declaring...

Published 15 Jun, 2022 08:22am

Businesspeople to be insulated from NAB activism

Print

Businesspeople to be insulated from NAB activism

Prime Minister Imran Khan has assured the business community that the government has prepared a strategy to resolve businessmen's concerns with respect to National Accountability Bureau (NAB) and a review committee would be constituted having members from

Published 04 Oct, 2019 12:00am

Businesspeople to be insulated from NAB activism

Print

Businesspeople to be insulated from NAB activism

Prime Minister Imran Khan has assured the business community that the government has prepared a strategy to resolve businessmen's concerns with respect to National Accountability Bureau (NAB) and a review committee would be constituted having members from

Published 04 Oct, 2019 12:00am

Five export sectors: 17 percent GST to be levied to mobilize additional Rs 75-80 billion

Print

Five export sectors: 17 percent GST to be levied to mobilize additional Rs 75-80 billion

The government has decided to impose a standard rate of 17 percent sales tax on the five export-oriented sectors - textile leather, carpets, surgical and sports goods to mobilize Rs 75-80 billion additional revenue in the budget for next fiscal year.

Published 28 May, 2019 12:00am

Five export sectors: 17 percent GST to be levied to mobilize additional Rs 75-80 billion

Print

Five export sectors: 17 percent GST to be levied to mobilize additional Rs 75-80 billion

The government has decided to impose a standard rate of 17 percent sales tax on the five export-oriented sectors - textile leather, carpets, surgical and sports goods to mobilize Rs 75-80 billion additional revenue in the budget for next fiscal year.

Published 28 May, 2019 12:00am

Five export sectors: 17 percent GST to be levied to mobilize additional Rs 75-80 billion

Print

Five export sectors: 17 percent GST to be levied to mobilize additional Rs 75-80 billion

The government has decided to impose a standard rate of 17 percent sales tax on the five export-oriented sectors - textile leather, carpets, surgical and sports goods to mobilize Rs 75-80 billion additional revenue in the budget for next fiscal year.

Published 28 May, 2019 12:00am

PM tells forex dealers: Don't sell dollar at higher than market rates

Markets

PM tells forex dealers: Don't sell dollar at higher than market rates

Prime Minister Imran Khan on Wednesday chaired a meeting with exchange currency association of Pakistan and decided that action would be taken against any exchange company that sells dollars at higher than the market rates. According to sources, Prime Min

Published 16 May, 2019 12:00am

PM tells forex dealers: Don't sell dollar at higher than market rates

Markets

PM tells forex dealers: Don't sell dollar at higher than market rates

Prime Minister Imran Khan on Wednesday chaired a meeting with exchange currency association of Pakistan and decided that action would be taken against any exchange company that sells dollars at higher than the market rates. According to sources, Prime Min

Published 16 May, 2019 12:00am

PM tells forex dealers: Don't sell dollar at higher than market rates

Markets

PM tells forex dealers: Don't sell dollar at higher than market rates

Prime Minister Imran Khan on Wednesday chaired a meeting with exchange currency association of Pakistan and decided that action would be taken against any exchange company that sells dollars at higher than the market rates. According to sources, Prime Min

Published 16 May, 2019 12:00am

PM tells forex dealers: Don't sell dollar at higher than market rates

Markets

PM tells forex dealers: Don't sell dollar at higher than market rates

Prime Minister Imran Khan on Wednesday chaired a meeting with exchange currency association of Pakistan and decided that action would be taken against any exchange company that sells dollars at higher than the market rates. According to sources, Prime Min

Published 16 May, 2019 12:00am

PM tells forex dealers: Don't sell dollar at higher than market rates

Markets

PM tells forex dealers: Don't sell dollar at higher than market rates

Prime Minister Imran Khan on Wednesday chaired a meeting with exchange currency association of Pakistan and decided that action would be taken against any exchange company that sells dollars at higher than the market rates. According to sources, Prime Min

Published 16 May, 2019 12:00am

PM tells forex dealers: Don't sell dollar at higher than market rates

Markets

PM tells forex dealers: Don't sell dollar at higher than market rates

Prime Minister Imran Khan on Wednesday chaired a meeting with exchange currency association of Pakistan and decided that action would be taken against any exchange company that sells dollars at higher than the market rates. According to sources, Prime Min

Published 16 May, 2019 12:00am

PM tells forex dealers: Don't sell dollar at higher than market rates

Markets

PM tells forex dealers: Don't sell dollar at higher than market rates

Prime Minister Imran Khan on Wednesday chaired a meeting with exchange currency association of Pakistan and decided that action would be taken against any exchange company that sells dollars at higher than the market rates. According to sources, Prime Min

Published 16 May, 2019 12:00am

PM tells forex dealers: Don't sell dollar at higher than market rates

Markets

PM tells forex dealers: Don't sell dollar at higher than market rates

Prime Minister Imran Khan on Wednesday chaired a meeting with exchange currency association of Pakistan and decided that action would be taken against any exchange company that sells dollars at higher than the market rates. According to sources, Prime Min

Published 16 May, 2019 12:00am

PM tells forex dealers: Don't sell dollar at higher than market rates

Markets

PM tells forex dealers: Don't sell dollar at higher than market rates

Prime Minister Imran Khan on Wednesday chaired a meeting with exchange currency association of Pakistan and decided that action would be taken against any exchange company that sells dollars at higher than the market rates. According to sources, Prime Min

Published 16 May, 2019 12:00am

Need stressed for regular meetings of TPB

Print

Need stressed for regular meetings of TPB

Tax Policy Board (TPB), a long standing demand of the business community, was set up in February this year in the Finance Division, has met only once, informed sources told Business Recorder. The separation of tax policy from tax administration, a

Published 08 May, 2019 12:00am

Declaration of assets: Sheikh asks FBR to make scheme more attractive, persuasive

Print

Declaration of assets: Sheikh asks FBR to make scheme more attractive, persuasive

With the objective of documentation of economy, the government will bring a modified Assets Declaration Scheme 2019 after two to three days with the possibility of reduced rates on declaration of undisclosed assets, particularly foreign assets. Adviser to

Published 24 Apr, 2019 12:00am

Declaration of assets: Sheikh asks FBR to make scheme more attractive, persuasive

Print

Declaration of assets: Sheikh asks FBR to make scheme more attractive, persuasive

With the objective of documentation of economy, the government will bring a modified Assets Declaration Scheme 2019 after two to three days with the possibility of reduced rates on declaration of undisclosed assets, particularly foreign assets. Adviser to

Published 24 Apr, 2019 12:00am

Declaration of assets: Sheikh asks FBR to make scheme more attractive, persuasive

Print

Declaration of assets: Sheikh asks FBR to make scheme more attractive, persuasive

With the objective of documentation of economy, the government will bring a modified Assets Declaration Scheme 2019 after two to three days with the possibility of reduced rates on declaration of undisclosed assets, particularly foreign assets. Adviser to

Published 24 Apr, 2019 12:00am

High net worth individuals: only Rs 2.6 billion collected by using third party data, information

Print

High net worth individuals: only Rs 2.6 billion collected by using third party data, information

The Federal Board of Revenue (FBR) has so far collected a small amount of Rs 2.6 billion from high net worth individuals by using third party data and information received through use of technology. Finance Minister Asad Umar had projected revenue collect

Published 04 Mar, 2019 12:00am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 17	278.30
USD PKR Interbank Buying / May 17	278.10
USD to Japanese Yen / May 17	155.67
USD to Swiss Franc / May 17	0.91
Pound Sterling to USD / May 17	1.27
Euro to USD / May 17	1.09

Stock	Volume
S&P 500 / May 16	5297.10
Nasdaq / May 16	16698.32
Dow Jones / May 16	39869.38
India Sensex / May 17	73946.83
Tokyo Nikkei / May 17	38787.38
Hang Seng / May 17	19525.75
FTSE 100 / May 17	8430.62
Germany DAX 30 / May 17	18692.83

Item	Value
Petrol/Litre / May 17	273.10
Crude Oil USD/Barrel / May 17	79.59
Karachi Cotton PKR/37.32 KG / May 17	19935
Gold 10 Grams PKR / May 17	210048
Gold Spot USD/Ounce / May 17	2386.18
Diesel/Litre / May 17	274.08

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 17 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 17 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 17 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 17 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 17 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 17 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 17 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 17 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 17 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 17 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 17 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 17 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 17 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 17 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 17 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 17 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 17 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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Revision of buyback rates: PM directs Nepra, PD to amend net metering rules

Revision of buyback rates: PM directs Nepra, PD to amend net metering rules

Non-filers: FBR proposes WHT raise on cash withdrawal from banks

Non-filers: FBR proposes WHT raise on cash withdrawal from banks

PD gets PM’s nod for power tariff hike

PD gets PM’s nod for power tariff hike

NAB laws case: hearing adjourned without Imran Khan speaking

NAB laws case: hearing adjourned without Imran Khan speaking

Pakistani companies with market cap of over $1bn at PSX

Pakistani companies with market cap of over $1bn at PSX

Petrol price slashed by Rs15.39, HSD’s by Rs7.88

Petrol price slashed by Rs15.39, HSD’s by Rs7.88

Currency outlook

Currency outlook

Juices, cigarettes prime focus: Govt plans to rationalise FED regime in budget

Juices, cigarettes prime focus: Govt plans to rationalise FED regime in budget

Gold price per tola jumps Rs1,600 in Pakistan

Gold price per tola jumps Rs1,600 in Pakistan