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fatf

Disclosure principles of ‘beneficial ownership’

It is common practice across the globe that anonymous shell companies are formed to hold funds or conduct financial...

Published 24 Mar, 2023 05:55am

Pakistan

Accused with links abroad: FBR to send MLA requests to foreign jurisdictions

ISLAMABAD: The Federal Board of Revenue (FBR) will send the "Mutual Legal Assistance (MLA) requests to the foreign...

Published 23 Mar, 2023 05:47am

Opinion

New FATF guidelines: Shell companies and beneficial ownership

Shell companies are considered the safest means to stash wealth created through criminal activities. Incorporation ...

Updated 17 Mar, 2023 06:42am

Opinion

FATF: upcoming challenges

The first meeting of the Financial Action Task Force (FATF) after Pakistan’s exit from the list of jurisdictions...

Updated 03 Mar, 2023 06:55am

World

Anti-money laundering group suspends Russia: FATF

PARIS: Global anti-money laundering watchdog the Financial Action Task Force said on Friday it has suspended...

Published 24 Feb, 2023 07:40pm

Opinion

Countering illicit financial flows

The illicit movement of funds is a global challenge, threatening domestic and international financial systems. The...

Updated 24 Feb, 2023 06:34am

Pakistan

4th Financial Crime Summit held: Alvi exhorts stakeholders to make joint efforts for easing financial crisis

KARACHI: President of Pakistan Dr Arif Alvi has said that all the stakeholders needed to display cooperation and...

Published 15 Jan, 2023 04:01am

Pakistan

Pakistan moving into 2023 without any default: analyst

KARACHI: The year 2022 while bidding farewell with some unpleasant memories, has brought some good news too that is...

Updated 01 Jan, 2023 01:16pm

Pakistan

FO reacts strongly to India’s MEA remarks about Bilawal

Reminds New Delhi of the shameful story of mass killings, lynching, rape, and plunder in the 2002 Gujarat massacre

Updated 18 Dec, 2022 09:43am

Pakistan

Reko Diq case: Fawad says SC’s verdict adds to PTI govt’s achievements

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) leader Fawad Chaudhry on Friday said that the apex court’s decision on...

Published 10 Dec, 2022 08:00am

Opinion

‘Beneficial Owner’

“Beneficial owner refers to the natural person(s) who ultimately owns or controls a customer and/or the natural...

Updated 09 Dec, 2022 06:36am

Business & Finance

Workshop on FATF regulations held

HYDERABAD: The Hari Welfare Association and Blue Veins jointly organised a capacity building workshop at Nawabshah,...

Published 07 Dec, 2022 05:54am

Editorials

The real state of real estate

EDITORIAL: In a recent speech, former Prime Minister (PM) Imran Khan (IK) hit out at the ‘mafias’ in the ...

Published 26 Nov, 2022 04:13am

Pakistan

Reko Diq reference: Proposed foreign investment bill aimed at ensuring economic growth, SC told

ISLAMABAD: The additional attorney general (AAG) informed the Supreme Court that the underlining objective of the...

Published 24 Nov, 2022 04:28am

Pakistan

FO rejects baseless charges levelled by Indian leaders

ISLAMABAD: Pakistan on Monday rejected baseless propaganda and irresponsible remarks by Indian leadership at the...

Published 22 Nov, 2022 03:23am

Business & Finance

Country should be part of FATF system: Bilawal

ISLAMABAD: Foreign Minister Bilawal Bhutto Zardari on Friday said that Pakistan should be part of the Financial...

Published 19 Nov, 2022 05:49am

Pakistan

Dates of Saudi crown prince’s visit being finalised: FO

ISLAMABAD: Foreign Office on Thursday explained that it had never announced the dates of the now postponed visit of...

Published 18 Nov, 2022 05:53am

Opinion

Environmental sustainability under EU’s GSP+ — II

Pakistan has ratified all conventions related to climate change and ozone depleting substances (ODSs). The global ...

Updated 17 Nov, 2022 06:51am

Pakistan

UK removes Pakistan from its ‘High Risk Third Countries’ list

KARACHI: Foreign Minister Bilawal Bhutto-Zardari Monday shared “some good news”, announcing that the United...

Published 15 Nov, 2022 05:52am

Opinion

Confiscation and recovery of assets

EDITORIAL: Countries should consider adopting measures that allow such proceeds or instrumentalities to be...

Published 04 Nov, 2022 05:56am

Opinion

Exit from FATF ‘grey list’

“The FATF welcomes Pakistan’s significant progress in improving its AML/CFT regime. Pakistan has strengthened ...

Updated 28 Oct, 2022 06:30am

Markets

Rupee falls 0.43% against US dollar as political temperature rises

Currency ended its three-session appreciation run to settle at 220.68 against US dollar

Updated 26 Oct, 2022 06:57pm

Opinion

Emerging economic stability

The balance of payments (BOP) for the first quarter Jul-Sep is encouraging for the stability of the economy. There...

Published 26 Oct, 2022 05:52am

Business & Finance

HCCI president calls for improving political environment

HYDERABAD: President of Hyderabad Chamber of Commerce and Industry Adeel Siddiqui has urged the government and ...

Published 25 Oct, 2022 06:46am

Business & Finance

EU envoy says she’s overjoyed at FATF’s decision

LAHORE: Ambassador of European Union Dr Riina Kionka on Monday said that we are overjoyed with the announcement that...

Published 25 Oct, 2022 05:51am

Editorials

Country out of FATF’s inglorious ‘grey list’

EDITORIAL: Pakistan was taken out of the ‘grey list’ by Financial Action Task Force (FATF) against money...

Published 25 Oct, 2022 05:51am

Markets

Rupee registers back-to-back gains, settles at 220.41 against US dollar

Currency appreciates 0.20% as market sentiments improve after Pakistan's removal from the FATF grey-list

Updated 24 Oct, 2022 06:57pm

Removal from FATF ‘grey’ list to augur well: businesspeople

ISLAMABAD: Hailing Financial Action Task Force’s (FATF) decision of Pakistan’s removal from the grey list, the...

Updated 24 Oct, 2022 09:40am

Business & Finance

FBR played key role in completing tasks under FATF action plans

ISLAMABAD: Like many other governmental organizations, FBR has played a key role in completing the FATF action plans...

Published 24 Oct, 2022 05:45am

Business & Finance

FATF: Businessmen Panel attributes country’s success to ‘successive’ govts’ efforts

LAHORE: The Federation of Pakistan Chambers of Commerce & Industry’s Businessmen Panel (BP) has described the...

Published 24 Oct, 2022 05:45am

Gainers
Losers
Leaders

Stock	Price
Chakwal Spinning / Mar 30 Chakwal Spinning Mills Limited(CWSM)	1.36 ▲ 0.20 (17.24%)
First IBL Mod. / Mar 30 First IBL Modaraba(FIBLM)	5.90 ▲ 0.60 (11.32%)
First Pak Mod. / Mar 30 First Pak Modaraba(PAKMI)	1.34 ▲ 0.13 (10.74%)
Dewan Sugar / Mar 30 Dewan Sugar Mills Limited(DWSM)	2.57 ▲ 0.23 (9.83%)
Unicap Modaraba / Mar 30 Unicap Modaraba(UCAPM)	1.77 ▲ 0.15 (9.26%)
Premier Insurance / Mar 30 Premier Insurance Limited(PINL)	7.50 ▲ 0.63 (9.17%)
B.R.R.Guardian / Mar 30 B.R.R. Guardian Modaraba(BRR)	12.04 ▲ 0.99 (8.96%)
Ismail Ind. / Mar 30 Ismail Industries Limited(ISIL)	518.26 ▲ 36.15 (7.50%)
Khyber Tex. / Mar 30 Khyber Textile Mills Limited(KHYT)	397.42 ▲ 27.72 (7.50%)
Suraj Cotton / Mar 30 Suraj Cotton Mills Limited(SURC)	102.53 ▲ 7.15 (7.50%)

Stock	Price
First Prudential Mod. / Mar 30 First Prudential Modaraba(PMI)	1.40 ▼ -0.24 (-14.63%)
Trust Mod. / Mar 30 Trust Modaraba(TRSM)	1.30 ▼ -0.20 (-13.33%)
Sapphire Fibres / Mar 30 Sapphire Fibres Limited(SFL)	1018 ▼ -82.00 (-7.45%)
Sardar Chemical / Mar 30 Sardar Chemical Industries Limited(SARC)	32 ▼ -2.55 (-7.38%)
Gadoon Textile / Mar 30 Gadoon Textile Mills Limited(GADT)	192.50 ▼ -15.30 (-7.36%)
Philip Morris Pak. / Mar 30 Philip Morris (Pakistan) Limited(PMPK)	461 ▼ -36.43 (-7.32%)
Pakistan Services / Mar 30 Pakistan Services Limited(PSEL)	876 ▼ -69.10 (-7.31%)
Shield Corp. / Mar 30 Shield Corporation Limited(SCL)	282 ▼ -22.00 (-7.24%)
Bal. Wheel / Mar 30 Baluchistan Wheels Limited(BWHL)	68.42 ▼ -5.18 (-7.04%)
JDW Sugar / Mar 30 JDW Sugar Mills Limited(JDWS)	356 ▼ -26.79 (-7.00%)

Stock	Volume
Telecard Limited / Mar 30 Telecard Limited(TELE)	12,447,500 ▼ -0.21
WorldCall Telecom / Mar 30 Worldcall Telecom Limited(WTL)	9,398,662 ▲ 0.01
Pakistan Alumin / Mar 30 Pakistan Aluminium Beverage Cans Limited(PABC)	7,638,000 ▲ 0.23
Pak Elektron / Mar 30 Pak Elektron Limited(PAEL)	6,136,500 ▼ -0.05
Pak Int.Bulk / Mar 30 Pakistan International Bulk Terminal(PIBTL)	6,018,500 ▲ 0.08
Engro Corp / Mar 30 Engro Corporation Limited(ENGRO)	5,429,492 ▼ -0.02
Nishat Mills Ltd / Mar 30 Nishat Mills Limited(NML)	4,517,879 ▲ 0.46
Shifa Int.Hosp / Mar 30 Shifa International Hospitals Limited(SHFA)	4,299,000 ▼ -1.99
Agha Steel Ind. / Mar 30 Agha Steel Ind.Ltd(AGHA)	3,645,000 ▲ 0.36
K-Electric Ltd. / Mar 30 K-Electric Limited(KEL)	3,416,092 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 30	285.65
USD PKR Interbank Buying / Mar 30	283.65
USD to Japanese Yen / Mar 30	132.47
USD to Swiss Franc / Mar 30	0.92
Pound Sterling to USD / Mar 30	1.23
Euro to USD / Mar 30	1.08
UK LIBOR % / Mar 29	4.81

Stock	Volume
S&P 500 / Mar 29	4027.81
India Sensex / Mar 29	57960.09
Nasdaq / Mar 29	11926.24
Dow Jones / Mar 29	32717.60
Tokyo Nikkei / Mar 30	27782.93
Hang Seng / Mar 30	20309.13
FTSE 100 / Mar 30	7578.80
Germany DAX 30 / Mar 30	15430.39
France CAC40 / Mar 30	7235.99

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 29	18935
Gold 10 Grams PKR / Mar 29	176268
Crude Oil USD/Barrel / Mar 30	72.81
Gold Spot USD/Ounce / Mar 30	1963.79
Cotton US¢/pound / Mar 30	82.34

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