Welcome to Elixir

A Dawood Group Company

Elixir's name means a "potion" which is used by martial arts performers or in Kung Fu days for longevity and immortality. Elixir also means life and we at the company continue to strive to build relationships for longer term. We pride ourselves to be one of the leading stock broking company in Pakistan, having inherited state of the art systems from W.I Carr Securities backed by a strong sponsor 'the Dawood Group'. We also remain steadfast in our long term goals and make every effort to be a professional outfit employing the best possible human capital available to achieve its goals and ensures a strong bond amongst its employees with a sense of ownership.

News

Posted on May 2nd, 2012

Minimum wage increased to Rs 8,000, EOBI pension to Rs 2,000 (Economy)

· The minimum wage of workers in Pakistan has been increased to eight thousand rupees, Prime Minister Yousuf Raza Gilani announced on Tuesday while the Punjab Govt has increased minimum wage to 9,000... more..

Posted on May 2nd, 2012

India allows fresh cotton exports-minister (Textiles)

· India will allow cotton exports without any restriction, Trade Minister Anand Sharma said on Monday, lifting a ban imposed last month by the world’s second-biggest producer after record overseas sales raised concerns about domestic supplies. more..

Posted on May 2nd, 2012

Strategic retreat: Tax collection target revised downwards (Economy)

· The government has revised the tax target to Rs1.929 trillion, Rs23 billion less than budgetary projections after Federal Board of Revenue failed to hit monthly goalposts for consecutive two months. more..

Posted on May 2nd, 2012

POL prices kept unchanged: LDO rates lowered (OMCs)

The government has not passed on the real benefit of world oil price reduction viz different petroleum products except a slight decrease in Light Diesel Oil (LDO), effective May 1. · According to a notification issued by the Oil and Gas Regulatory Authority (Ogra), the government has kept the price of petrol at Rs 103... more..

Posted on May 2nd, 2012

Furnace oil price on decline (OMCs)

The oil marketing companies (OMCs) have announced to cut furnace oil price up to Rs 2,313 per ton to rationalise domestic prices in the line with international trend. · All marketing companies have fixed new prices for furnace oil with immediate effect... more..

Posted on May 2nd, 2012

16 percent sales tax on sugar likely: eight percent FED may go (Sugar Mills)

The federal government is likely to abolish eight percent federal excise duty (FED) under general sales tax (GST) mode on sugar and impose a 16 percent standard rate of sales tax on the commodity in the coming budget (2012-13). more..

Posted on May 2nd, 2012

Base stock: Parco slashes LPG price by Rs 5,000 per ton (Energy)

State-owned Liquefied Petroleum Gas producer Pak-Arab Refinery Limited (Parco) has announced reduction in LPG base stock price by Rs 5000 per ton with effect from May 1, 2012. · According to a notification issued here on Monday, the new Parco base stock price is Rs 70,000 per ton exclusive of duties and taxes whereas the Saudi Armco Contract Price (CP) is Rs 78,000 per ton. more..

Posted on May 2nd, 2012

World Bank agrees in principle to fund Diamer-Bhasha Dam (Energy)

The World Bank has agreed in principle to fund the Diamer-Bhasha Dam, a senior official said. · The Finance Minister had written a letter to the president of the World Bank seeking funding for the project,” he said. more..

Posted on May 2nd, 2012

Pakistan may see $500m investment in bike sector (Economy)

Pakistan can expect an investment of $500 million and over 50,000 new jobs in the motorcycle sector in the next five years following tariff cuts. more..

Posted on April 30th, 2012

CGT ordinance violates constitution, anti-money laundering act: experts (Market)

Legal experts have termed Presidential Ordinance on the capital gains tax (CGT) in violation of Article 25 of the Constitution of Pakistan that defines fundamental human rights. · “Yes. It violates the right of those who have been paying taxes honestly,” said Dr Ikramul Haq, Advocate Supreme Court at Huzaima & Ikram, Tax Consultancy. more..