News stories for Hamid Waleed - Business Recorder

Hamid Waleed

Business & Finance

‘Powers of commissioners being used by DCs neither gazetted nor displayed on FBR website’

LAHORE: The Deputy Commissioners in some field formations are using the powers of Commissioners Inland Revenue for...

Published 22 Dec, 2023 05:22am

Business & Finance

Availing exemption from RD: Importers of motor spirit fail to establish presence of consignments on the high seas

LAHORE: Importers of motor spirit have failed to establish presence of their consignments on the high seas to avail...

Published 20 Dec, 2023 06:00am

Pakistan

Punjab: artificial rain will not help overcome pollution woes

LAHORE: Artificial rain will not be suitable for the province of Punjab to control smog, said sources in the...

Published 19 Dec, 2023 05:20am

Markets

Recovery of dues: Gas utility encashes bank guarantee

LAHORE: A utility agency has encashed a bank guarantee to recover outstanding gas charges against a textile concern,...

Published 15 Dec, 2023 03:12am

Pakistan

Climate change: Govt starts collaboration with other S. Asian states

LAHORE: Pakistan has started collaborating with other South Asian countries to share knowledge, resources and...

Published 14 Dec, 2023 05:24am

Business & Finance

Provincial revenue authorities’ approach to sales tax on services comes under criticism

LAHORE: Provincial revenue authorities are considering salaries as part of service to charge sales tax on services...

Published 12 Dec, 2023 05:28am

Business & Finance

Loss against bank loan: Borrower may seek damages, say experts

LAHORE: Borrowers can seek damages if they suffer from financial loss while taking certain steps in line with the...

Published 10 Dec, 2023 03:33am

Business & Finance

Release of goods on provisional assessment: Importers no more at liberty to escape liability of duty

LAHORE: Importers are no more at liberty to escape the liability of proceedings for recovery of duty, taxes or ...

Published 09 Dec, 2023 05:46am

Business & Finance

Faulty procedure of issuing show-cause notice: Sales tax dept misses tax collection opportunity

LAHORE: The sales tax department missed the opportunity for tax collection because of a faulty procedure of issuing ...

Published 07 Dec, 2023 04:35am

Markets

Consumers of some Discos subsidise consumers of other other Discos: experts

LAHORE: Consumers in distribution companies like IESCO, LESCO, FESCO, GEPCO and TESCO are subsidising consumers of...

Published 03 Dec, 2023 02:59am

Business & Finance

Public health sector: Pakistan needs to spend 1pc of GDP every year: World Bank

LAHORE: World Bank has estimated that Pakistan needed to spend one percent of current GDP, i.e. $4 billion, per year...

Published 02 Dec, 2023 05:09am

Business & Finance

Exporter succeeds in obtaining input tax against alleged fake/flying invoices

LAHORE: A silk manufacturer cum exporter has succeeded in obtaining input tax against the alleged fake/flying...

Published 01 Dec, 2023 04:43am

Business & Finance

Textile manufacturer secures insurance claim

LAHORE: A manufacturer of textile products has secured insurance claim along with liquidated damages against a ...

Published 30 Nov, 2023 04:53am

Business & Finance

Ship-breaking firm recovers damages against tax dept

LAHORE: A private firm involved in the business of ship breaking has recovered damages against the Income Tax...

Published 29 Nov, 2023 05:09am

Property attachment: AML law provides no such criteria?

LAHORE: The Anti-Money Laundering (AML) Act has framed no criteria for attachment and taking over the properties...

Updated 26 Nov, 2023 09:52am

Business & Finance

FTO directs FBR to streamline IT process

LAHORE: Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jah has directed the Federal Board of Revenue (FBR) to ...

Published 25 Nov, 2023 05:19am

Pakistan

SAHF all set to meet in Bangkok on 30th

LAHORE: South Asia Hydro-met Forum (SAHF) is all set to meet in Bangkok on November 30, 2023 to review the progress...

Published 24 Nov, 2023 05:29am

Pakistan

Directorate of I&I: ‘IOs not following SOPs for issuing call-up notices to money launderers’

LAHORE: The Investigating Officers (IOs) of the Directorate of Intelligence and Investigation (I&I) Inland...

Published 23 Nov, 2023 03:19am

Business & Finance

No tax required to be withheld against payments representing discounts, inter-company account settlements

LAHORE: No tax is required to be withheld against the payments representing discounts and inter-company account...

Published 22 Nov, 2023 05:48am

AML Act: Prior conviction not necessary for predicate offence proceedings

LAHORE: Prior conviction of an accused for the predicate offence is not a prerequisite for initiation of proceedings...

Updated 19 Nov, 2023 10:19am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 24	278.80
USD PKR Interbank Buying / Jan 24	278.60
USD to Japanese Yen / Jan 24	155.40
USD to Swiss Franc / Jan 24	0.90
Pound Sterling to USD / Jan 24	1.24
Euro to USD / Jan 24	1.05

Stock	Volume
S&P 500 / Jan 23	6,118.71
Nasdaq / Jan 23	20,053.68
Dow Jones / Jan 23	44,565.07
India Sensex / Jan 24	76,784.63
Tokyo Nikkei / Jan 24	39,931.98
Hang Seng / Jan 24	20,060.52
FTSE 100 / Jan 24	8,559.56
Germany DAX 30 / Jan 24	21,482.67

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 23	18,485
Gold 10 Grams PKR / Jan 23	245,799
Petrol/Litre / Jan 24	256.13
Crude Oil USD/Barrel / Jan 24	74.61
Gold Spot USD/Ounce / Jan 24	2,774.04
Diesel/Litre / Jan 24	260.95

Gainers
Losers
Leaders

Stock	Price
Escorts Bank / Jan 24 Escorts Investment Bank Limited(ESBL)	6.79 ▲ 1.00 (17.27%)
Khalid Siraj / Jan 24 Khalid Siraj Textile Mills Limited(KSTM)	9.05 ▲ 0.95 (11.73%)
Agritech Limited / Jan 24 Agritech Limited(AGL)	52.46 ▲ 4.77 (10.00%)
Loads Limited / Jan 24 Loads Limited(LOADS)	18.92 ▲ 1.72 (10.00%)
Sardar Chemical / Jan 24 Sardar Chemical Industries Limited(SARC)	35.75 ▲ 3.25 (10.00%)
Leather Up Ltd. / Jan 24 Leather Up Limited(LEUL)	33.36 ▲ 3.03 (9.99%)
Shezan Inter. / Jan 24 Shezan International Limited(SHEZ)	148.17 ▲ 13.46 (9.99%)
Saritow Spinning / Jan 24 Saritow Spinning Mills Limited(SSML)	11.13 ▲ 1.01 (9.98%)
Ellcot Spinning / Jan 24 Ellcot Spinning Mills Limited(ELSM)	113.60 ▲ 10.30 (9.97%)

Stock	Price
Mandviwala / Jan 24 Mandviwala Mauser Plastic Industries(MWMP)	19.13 ▼ -2.12 (-9.98%)
Gulistan Sp. / Jan 24 Gulistan Spinning Mills Limited(GUSM)	9.84 ▼ -1.09 (-9.97%)
Zahid Jee Textile / Jan 24 Zahidjee Textile Mills Limited(ZAHID)	27.24 ▼ -2.97 (-9.83%)
Crescent Cotton / Jan 24 Crescent Cotton Mills Limited(CCM)	48.50 ▼ -5.02 (-9.38%)
Ashfaq Textile / Jan 24 Ashfaq Textile Mills Limited(ASHT)	14.15 ▼ -1.35 (-8.71%)
Dawood Lawrencepur / Jan 24 Dawood Lawrencepur Limited(DLL)	302.50 ▼ -19.20 (-5.97%)
Elahi Cot. / Jan 24 Elahi Cotton Mills Limited(ELCM)	105 ▼ -6.00 (-5.41%)
Hussain Industries / Jan 24 Husein Industries Limited(HUSI)	28.01 ▼ -1.41 (-4.79%)
The Thal Ind.Corp. / Jan 24 The Thal Industries Corporation Limited(TICL)	295.01 ▼ -13.99 (-4.53%)

Stock	Volume
Cnergyico PK / Jan 24 Cnergyico PK Limited(CNERGY)	143,693,542 ▼ -0.10
WorldCall Telecom / Jan 24 Worldcall Telecom Limited(WTL)	78,194,783 ▼ -0.01
Sui South Gas / Jan 24 Sui Southern Gas Company Limited(SSGC)	57,202,439 ▲ 3.90
Fauji Cement / Jan 24 Fauji Cement Company Limited(FCCL)	47,170,217 ▼ -0.65
Lotte Chemical / Jan 24 Lotte Chemical Pakistan Limited(LOTCHEM)	35,630,848 ▼ -0.46
Citi Pharma Ltd / Jan 24 Citi Pharma Ltd.(CPHL)	32,528,835 ▼ -2.50
The Searle Co. / Jan 24 The Searle Company Limited(SEARL)	26,563,258 ▲ 5.41
Maple Leaf Cement / Jan 24 Maple Leaf Cement Factory Limited(MLCF)	26,433,374 ▼ -0.94
Fauji Foods Ltd / Jan 24 Fauji Foods Limited(FFL)	22,111,604 ▼ -0.06

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