News stories for Hamid Waleed - Business Recorder

Hamid Waleed

Markets

Winter demand initiative: Not more than Rs2.5/unit saving even with 40pc rise in consumption

LAHORE: The industrial consumers have apprehended that the maximum saving would not exceed Rs2.5 per unit even with ...

Published 13 Dec, 2024 06:29am

Business & Finance

SECP directed to ensure availability of UAN, websites with insurance companies

LAHORE: An Insurance Tribunal has directed the Securities and Exchange Commission of Pakistan (SECP) to ensure...

Published 12 Dec, 2024 06:01am

Business & Finance

Customs reduces values of imported power tools

LAHORE: In a stunning reversal, the customs valuation department has effectively reduced the custom values of power...

Updated 10 Dec, 2024 09:13am

Business & Finance

Winter power package’s complex calculation causes controversy

LAHORE: Pakistan’s winter electricity package sparks industry outrage and the heart of the controversy lies in the...

Published 06 Dec, 2024 06:58am

Pakistan

Importers question transparency in redemption of vehicles

LAHORE: A recent confiscation of a vehicle has raised questions about the effectiveness of Customs enforcement and...

Published 05 Dec, 2024 08:11am

Business & Finance

Industrial consumers reject ‘winter power package’

LAHORE: Industrial consumers have rejected winter electricity package, saying that their power consumption was down...

Published 04 Dec, 2024 03:14am

Markets

LESCO collects Rs3.536bn from 119,187 defaulters

LAHORE: Lahore Electric Supply Company (LESCO) has recovered more than Rs3.536 billion from 119,187 dead defaulters...

Published 27 Nov, 2024 07:32am

Business & Finance

‘FBR has authority to conduct post-sanction audits of refund claims’

LAHORE: The Federal Board of Revenue (FBR) has the authority to conduct post-sanction audits of refund claims under...

Published 26 Nov, 2024 07:40am

Business & Finance

Tax dept barred from demanding post-dated cheque, bank certificate

LAHORE: The Sales Tax department has been barred from demanding a post-dated cheque accompanied by a bank ...

Published 23 Nov, 2024 06:19am

Pakistan

Cut wood from trees declared exempted from sales tax

LAHORE: In a significant setback to the sales tax department, a recent tribunal ruling has declared that cut wood...

Published 16 Nov, 2024 07:50am

Business & Finance

Tax dept ‘fails’ to disallow input tax claim against UFG

LAHORE: The tax department has failed to disallow a major gas pipeline company’s input tax claim, citing that it...

Published 15 Nov, 2024 06:20am

Business & Finance

Tribunal upholds tax authority’s right to correct erroneous assessment

LAHORE: A tax tribunal has upheld the tax authority’s right to correct erroneous assessment orders even if the...

Published 13 Nov, 2024 08:20am

Pakistan

Customs dept under fire for issuing time-barred notices

LAHORE: The customs department is facing intense criticism for issuing time-barred notices, creating unnecessary...

Published 09 Nov, 2024 06:36am

Business & Finance

Negligence of tax dept exposed

LAHORE: The Regional Tax Office (RTO) negligence has led to the invalidation of default surcharge notices issued to ...

Published 06 Nov, 2024 05:50am

Business & Finance

Leading insurance firm to pay Rs0.5m fine for violating ordinance

LAHORE: A leading insurance company was left with no option but to pay a penalty of Rs500,000 imposed by Securities...

Published 05 Nov, 2024 03:30am

Business & Finance

Rectification process simplification brings relief to taxpayers

LAHORE: After years of struggling with errors in tax assessments, Pakistani taxpayers are embracing a simplified...

Published 03 Nov, 2024 07:46am

Business & Finance

Tax dept misuses authority: Automatic audit selection under fire

LAHORE: The tax department’s automatic selection of tax returns for audit has come under scrutiny, with critics...

Published 02 Nov, 2024 06:15am

Business & Finance

Tax dept misuses authority: Automatic audit selection under fire

LAHORE: The tax department’s automatic selection of tax returns for audit has come under scrutiny, with critics...

Updated 02 Nov, 2024 07:04am

Business & Finance

Sales tax evasion: Tribunal overturns order against taxpayer

LAHORE: In a significant ruling, the Customs, Excise and Sales Tax appellate tribunal has annulled orders passed by...

Published 01 Nov, 2024 08:25am

Business & Finance

Taxpayers accused of defying taxation law

LAHORE: In a brazen display of disregard for the law, taxpayers in Pakistan continued to defy the Federal Excise Act...

Published 31 Oct, 2024 07:26am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 3	279.13
USD PKR Interbank Buying / Feb 3	278.93
USD to Japanese Yen / Feb 3	155.42
USD to Swiss Franc / Feb 3	0.92
Pound Sterling to USD / Feb 3	1.23
Euro to USD / Feb 3	1.02

Stock	Volume
S&P 500 / Jan 31	6,040.53
Nasdaq / Jan 31	19,627.44
Dow Jones / Jan 31	44,544.66
India Sensex / Feb 3	77,186.74
Tokyo Nikkei / Feb 3	38,520.09
Hang Seng / Feb 3	20,217.26
FTSE 100 / Feb 3	8,574.30
Germany DAX 30 / Feb 3	21,386.36

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 31	18,285
Gold 10 Grams PKR / Jan 31	250,171
Petrol/Litre / Feb 3	257.13
Crude Oil USD/Barrel / Feb 3	74.12
Gold Spot USD/Ounce / Feb 3	2,797
Diesel/Litre / Feb 3	267.95

Gainers
Losers
Leaders

Stock	Price
D.S. Ind. Ltd. / Feb 3 D.S. Industries Limited(DSIL)	5.48 ▲ 1 (22.32%)
Siddiqsons Tin / Feb 3 Siddiqsons Tin Plate Limited(STPL)	6.82 ▲ 1 (17.18%)
Burj Clean Energy Modaraba / Feb 3 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	10 ▲ 1 (11.11%)
Unicap Modaraba / Feb 3 Unicap Modaraba(UCAPM)	3.05 ▲ 0.3 (10.91%)
Pervez Ahmed Consultancy / Feb 3 Pervez Ahmed Consultancy Services Ltd.(PASL)	1.53 ▲ 0.15 (10.87%)
Dandot Cement / Feb 3 Dandot Cement Company Limited(DNCC)	18.13 ▲ 1.65 (10.01%)
Gadoon Textile / Feb 3 Gadoon Textile Mills Limited(GADT)	272.84 ▲ 24.8 (10%)
AL-Noor Sugar / Feb 3 Al-Noor Sugar Mills Limited(ALNRS)	79.99 ▲ 7.27 (10%)
Baba Farid Sugar / Feb 3 Baba Farid Sugar Mills Limited(BAFS)	53.44 ▲ 4.86 (10%)

Stock	Price
Tariq Corp.Pref. / Feb 3 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7.03 ▼ -0.85 (-10.79%)
Equity Modaraba / Feb 3 First Equity Modaraba(FEM)	3 ▼ -0.35 (-10.45%)
Olympia Mills / Feb 3 Olympia Mills Limited(OML)	35.57 ▼ -3.95 (-9.99%)
Leather Up Ltd. / Feb 3 Leather Up Limited(LEUL)	48.37 ▼ -5.37 (-9.99%)
Hussain Industries / Feb 3 Husein Industries Limited(HUSI)	26 ▼ -2.86 (-9.91%)
Fateh Ind. / Feb 3 Fateh Industries Limited(FIL)	120.06 ▼ -12.77 (-9.61%)
Karam Ceramics / Feb 3 Karam Ceramics Limited(KCL)	56 ▼ -5.9 (-9.53%)
Sardar Chemical / Feb 3 Sardar Chemical Industries Limited(SARC)	31.52 ▼ -3.32 (-9.53%)
Popular Islamic / Feb 3 Popular Islamic Modaraba(PIM)	12.30 ▼ -1.27 (-9.36%)

Stock	Volume
Cnergyico PK / Feb 3 Cnergyico PK Limited(CNERGY)	66,683,225 ▼ -0.21
WorldCall Telecom / Feb 3 Worldcall Telecom Limited(WTL)	37,804,093 ▲ 0
B.O.Punjab / Feb 3 The Bank of Punjab(BOP)	24,677,060 ▲ 0.11
Ghani Chem. Ind. / Feb 3 Ghani Chemical Industries Limited(GCIL)	21,941,840 ▼ -0.37
Bank Makramah / Feb 3 Bank Makramah Limited(BML)	18,549,052 ▲ 0
Sui South Gas / Feb 3 Sui Southern Gas Company Limited(SSGC)	17,308,051 ▼ -0.84
Pak Refinery / Feb 3 Pakistan Refinery Limited(PRL)	16,516,319 ▼ -1.78
Fauji Cement / Feb 3 Fauji Cement Company Limited(FCCL)	16,104,526 ▼ -0.3
K-Electric Ltd. / Feb 3 K-Electric Limited(KEL)	15,806,816 ▼ -0.14

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