News stories for Hamid Waleed - Business Recorder

Hamid Waleed

Business & Finance

Customs accused of issuing detection notices under the garb of tax evasion

LAHORE: The Customs department is issuing reassessment and recovery notices under the garb of detection of tax...

Published 20 Jul, 2023 03:12am

Business & Finance

Delay in allowing effect to court orders tantamount to maladministration: FTO

LAHORE: The Federal Tax Ombudsman (FTO) has declared that a delay in allowing effect to the higher court orders by...

Published 18 Jul, 2023 05:51am

Business & Finance

Insurance cos accused of denying death claims on ‘flimsy’ pretext

LAHORE: The insurance companies are involved in denying death claims on the pretext that the policy was obtained...

Published 15 Jul, 2023 06:08am

Pakistan

Penalty imposition: Tax officers accused of failing to prove concealment of income

LAHORE: Taxation officers are accused of not proving deliberate deduction by taxpayers while disallowing ...

Published 13 Jul, 2023 04:50am

Business & Finance

Some banks reluctant to honour claims related to vandalism of lockers

LAHORE: Despite clear instructions from the State Bank of Pakistan (SBP), some banks are reluctant to honour the...

Published 07 Jul, 2023 05:24am

Business & Finance

Lockers: some banks reluctant to honour claims related to vandalism?

LAHORE: Despite clear instructions from the State Bank of Pakistan (SBP), some banks are reluctant to honour the...

Published 07 Jul, 2023 05:24am

Business & Finance

Tax authorities accused of issuing ‘implausible’ audit notices

LAHORE: Tax authorities are accused of issuing notices without clarity and explicit reasons for selection of tax...

Published 05 Jul, 2023 06:00am

Pakistan

Slightly above-normal rainfall in upper parts of country expected

LAHORE: Pakistan Meteorological Department (PMD) has predicted slightly above normal rainfall in upper parts of the...

Published 02 Jul, 2023 03:13am

Business & Finance

Tax authorities pass assessment orders on incorrect assumptions?

LAHORE: Departmental store owners have alleged that the income tax authorities pass the assessment orders without...

Published 29 Jun, 2023 04:19am

Pakistan

Lahore receives 226mm of rainfall in a day

LAHORE: Rain in Lahore has broken previous records, as the observatories at Lahore airport and Lahore city have...

Published 27 Jun, 2023 06:15am

Pakistan

Lahore hit by unannounced power outages as demand-supply gap widens

LAHORE: The Lahore Electric Supply Company (Lesco) has started unannounced load-shedding in the city after widening...

Published 25 Jun, 2023 02:57am

Business & Finance

Import of goods: Customs accused of violating SBP provisions

LAHORE: Customs authorities are allegedly violating the legal provisions made by the State Bank of Pakistan for...

Published 23 Jun, 2023 06:00am

Business & Finance

Banks asked to stop selling insurance policies through managers

LAHORE: Federal Insurance Ombudsman (FIO) Dr Muhammad Khawar Jamil has directed banks to stop selling insurance...

Published 22 Jun, 2023 05:45am

Business & Finance

Punjab govt has added no new sector to ST on services domain

LAHORE: The Punjab government has neither imposed a new tax nor added any new sector to the domain of sales tax on...

Published 20 Jun, 2023 03:16am

Markets

Protection of cotton belt in Pakistan: FAO to install AWS in 5 southern Punjab districts

LAHORE: The Food and Agriculture Organisation (FAO) of the United Nations (UN) has come forward to protect the ...

Published 18 Jun, 2023 06:07am

Pakistan

Customs authorities imposing penalties without parameters

LAHORE: Customs authorities are accused of imposing duties and penalties on the basis of invoices retrieved from...

Published 17 Jun, 2023 06:13am

Pakistan

Insurance disputes: Number of appeals against FIO orders drops to zero: Ombudsman

LAHORE: The number of appeals against Federal Insurance Ombudsman (FIO) orders on insurance disputes has dropped to...

Published 15 Jun, 2023 06:03am

Markets

Fuel cost of power generation surges 24.6pc in April

LAHORE: In a significant development impacting Pakistan’s energy sector, the fuel cost of power generation surged...

Published 14 Jun, 2023 06:21am

Business & Finance

Determining value of goods: Customs ignoring criteria of ‘country of origin'

LAHORE: The customs authorities are accused of contravening the criterion of the 'country of origin' in determining...

Published 10 Jun, 2023 05:01am

Business & Finance

Premature claims: Some insurance cos accused of denying valuable right

LAHORE: Not all, but some insurance companies are found condemning insurance policyholders unheard and denying their...

Published 09 Jun, 2023 06:20am

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
Crude Oil USD/Barrel / Jan 24	74.61
Gold Spot USD/Ounce / Jan 24	2,774.04
Cotton US¢/pound / Jan 24	67.94
Petrol/Litre / Jan 25	256.13

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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