Trends - EFS - Business Recorder

EFS

Rs233m scam involving textile unit uncovered

KARACHI: The Collectorate of Customs, Adjudication II, Karachi has uncovered a massive Rs 233 million scam involving...

Updated 20 Apr, 2024 02:08pm

Export Facilitation Scheme 2021: FBR imposes certain conditions on new exporters

ISLAMABAD: The Federal Board of Revenue (FBR) has imposed certain conditions on new exporters for acquisition of...

Updated 30 Mar, 2024 02:21pm

Business & Finance

FBR urged to resolve issues of steel sector

ISLAMABAD: The documented steel sector has requested the Chairman Federal Board of Revenue (FBR) to resolve value...

Published 27 Mar, 2024 04:38am

‘Misuse’ of EFS: Rs1.08bn tax evasion scam unearthed

KARACHI: The Directorate General of Post Clearance Audit (PCA) South has uncovered a massive tax evasion scam...

Updated 09 Mar, 2024 01:21pm

ECC asks MoC to review EFS in consultation with FBR

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has directed Commerce Ministry to review Export...

Updated 23 Feb, 2024 11:02am

Business & Finance

EFS: another tax ‘fraud’ detected

KARACHI: Another tax fraud, amounting to around Rs 358 million has been detected in the Export Facilitation Scheme...

Published 23 Feb, 2024 06:36am

Business & Finance

EFS: official explains FBR’s planned approach to textile value chain

LAHORE: In a recent interaction with members of the All Pakistan Textile Mills Association (APTMA), Muhammad Sadiq,...

Published 22 Feb, 2024 06:55am

Markets

Textile unit commits Rs1.4bn tax ‘fraud’ by ‘misusing’ EFS

KARACHI: A textile unit, reportedly owned by political bigwigs, has committed around Rs 1.4 billion tax fraud by...

Updated 21 Feb, 2024 11:15am

‘Hurdles’ to copper ingots’ export to China: Exporters move SIFC against FBR

ISLAMABAD: Exporters have approached the Special Investment Facilitation Council (SIFC) against the Federal Board of...

Updated 23 Jan, 2024 09:08am

Export sectors: SBP asked to review limits under EFS facilities

Members emphasise that export oriented sector requires at least medium-term predictability on key indicators such as energy costs, exchange rates and borrowing costs

Updated 06 Jan, 2024 09:51pm

Editorials

Exim Bank of Pakistan

EDITORIAL: The Export-Import (Exim) Bank of Pakistan will finally be operational. It was one of the conditions of ...

Published 29 Dec, 2023 02:58am

Input goods’ import: SBP unveils procedure for availing EFS ITM facility

KARACHI: The State Bank of Pakistan (SBP) has announced the procedure for availing International Toll Manufacturing...

Updated 28 Dec, 2023 09:41am

Business & Finance

BOP conducts first transaction under EXIM Bank’s export finance facility

ISLAMABAD: The Bank of Punjab (BOP) becomes the first bank to execute a transaction for Export Import Bank of...

Published 23 Dec, 2023 06:16am

Business & Finance

TDAP, SBP organise awareness session for exporters

KARACHI: TDAP organised an awareness session for the exporters in collaboration with the State Bank of Pakistan at...

Published 03 Nov, 2023 06:11am

Business & Finance

6 Chinese polyester fabric varieties: New customs values fixed

ISLAMABAD: The Directorate General of Customs Valuation Karachi has fixed new customs values on the import of six...

Updated 10 Oct, 2023 09:19am

Boosting industrial competitiveness: SIFC executive body seeks a financial plan

Executive Committee directs financial plan be prepared to introduce industrial tariffs based on cost of service to tackle issue of cross subsidy for domestic users

Updated 25 Sep, 2023 09:56am

Business & Finance

Exporters of copper ingots facing problems

ISLAMABAD: The exporters of copper ingots to China are facing problems due to indecision on the part of FBR in...

Published 08 Sep, 2023 06:01am

ECs can import dollars in cash through cargo or security companies

KARACHI: The State Bank of Pakistan (SBP) Tuesday night allowed the Exchange Companies import of cash US dollars...

Updated 26 Jul, 2023 04:21pm

FBR issues new indemnity bond for EFS users

ISLAMABAD: The Federal Board of Revenue (FBR) has issued a new “indemnity bond” for exporters, who intended to sale...

Updated 18 Jul, 2023 09:41am

Business & Finance

FBR amends export facilitation scheme-2021

ISLAMABAD: The exporters would now be required to submit details of the export performance for the last 2-3 years...

Published 15 Jul, 2023 06:08am

Business & Finance

‘Glitches in EFS will be removed at the earliest,’ APTMA told

LAHORE: Collector Customs Lahore Saira Agha has assured All Pakistan Textile Mills Association (APTMA) of removing...

Published 21 Jun, 2023 05:21am

Business & Finance

PTEA organises awareness session on ‘Export Facilitation Scheme’

FAISALABAD: The Collector Customs Faisalabad Muhammad Saeed Wattoo has said that the Export Facilitation Scheme ...

Published 07 Jun, 2023 06:05am

Business & Finance

Export facilitation scheme to boost exports: FBR collector

KARACHI: Collector of FBR Collectorate of Customs Export Shafiq Ahmed Latki said that the government has introduced...

Updated 30 Apr, 2023 06:34am

Manufacturers-cum-exporters: EFS users seek clearance of goods by customs

LAHORE: The users of the Export Facilitation Scheme (EFS) have approached the Federal Board of Revenue (FBR) seeking...

Updated 26 Apr, 2023 08:42am

Business & Finance

EFS modules: exporters seekuser-friendly changes

LAHORE: Exporters have sought changes to the modules of Export Facilitation Scheme (EFS) to make them user-friendly...

Published 22 Apr, 2023 03:38am

Markets

Gasoil, jet fuel cracks down

SINGAPORE: Asia’s 10 ppm sulphur gasoil margins and jet fuel cracks fell again, hitting a new low since more than ...

Published 31 Mar, 2023 06:45am

Business & Finance

FBR launches various modules of Export Facilitation Scheme

LAHORE: Director General (DG) Customs Automation and Reforms, Federal Board of Revenue, Syed Shakeel Shah launched...

Published 22 Mar, 2023 06:24am

Markets

20th straight loss: rupee depreciates against US dollar

Currency loses Re0.32 to close at 228.66 in the inter-bank market

Updated 17 Jan, 2023 08:08pm

Inputs: exporters promised hassle-free imports

The government decides to help exporters import raw materials in order to meet their manufacturing requirements

Updated 17 Jan, 2023 09:11am

Business & Finance

FBR launches various modules for facilitation of exporters under EFS

LAHORE: The Federal Board of Revenue (FBR) has developed and launched various modules for facilitation of exporters...

Published 04 Jan, 2023 06:02am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	278.52
USD PKR Interbank Buying / Apr 25	278.32
USD to Japanese Yen / Apr 26	156.17
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 25	5048.42
Nasdaq / Apr 25	15611.76
FTSE 100 / Apr 25	8078.86
Dow Jones / Apr 25	38085.80
Germany DAX 30 / Apr 25	17917.28
France CAC40 / Apr 25	8016.65
India Sensex / Apr 26	74171.68
Tokyo Nikkei / Apr 26	37934.72

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 25	20535
Gold 10 Grams PKR / Apr 25	240900
Petrol/Litre / Apr 26	293.94
Crude Oil USD/Barrel / Apr 26	83.89
Gold Spot USD/Ounce / Apr 26	2336.33
Diesel/Litre / Apr 26	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 26 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 26 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 26 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 26 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 26 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 26 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 26 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 26 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 26 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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