News stories for Hamid Waleed - Business Recorder

Hamid Waleed

Markets

WHT on banking transactions slows down deposit growth

LAHORE: The imposition of withholding tax on banking transactions has resulted in the slowdown of bank deposit ...

Published 09 Jul, 2020 02:43am

Business & Finance

Protection of local industry: 'Revenue generation prime objectives of existing tariff structure'

LAHORE: Revenue generation and protection of local industry are important objectives of existing tariff structure as...

Published 07 Jul, 2020 02:54am

Withholding regime: 'About half of tax generated remains unclaimed'

LAHORE: About half of the tax generated from withholding regime remains unclaimed, and still almost 90 percent of...

Published 05 Jul, 2020 03:01am

Business & Finance

Finance Bill: Punjab leads in offering tax relief steps

LAHORE: The province of Punjab is leading other provinces in offering tax relief measures in its Finance Bill to...

Published 03 Jul, 2020 02:59am

FBR unlikely to achieve Rs3.908trn revised tax target

The Federal Board of Revenue (FBR) will not be able to meet the revised target of Rs 3.908 trillion for 2019-20 even after the resumption of economic activity during the last fortnight of Ramazan for Eid-ul-Fitr, sources said.

Published 31 May, 2020 12:04am

Experts say cut in NSS rates, oversubscription of Sukuk to provide financial space

A cut of 5.42 percent in the profit rates of National Savings Scheme (NSS) and a 70 percent oversubscription in the energy Sukuk would provide a financial space to the government for continuity of social protection in the current challenging times, said f

Published 29 May, 2020 12:05am

Pakistan

Tier-1 retailers: 'Minimum area for shops be increased to 3000 square feet'

Minimum area of shops for the tier-1 retailers should be increased to 3000 square feet from existing 1000 square feet to make the point of sale (POS) integration drive viable. Also the minimum limit of electricity bills should be enhanced to Rs 2.4 millio

Published 28 May, 2020 12:03am

Pace of Ehsaas Program termed slow: Many families not to receive cash transfer before mid-June: Dr Pasha

With the current pace of the Ehsaas Program, there are many families that would not receive the cash transfer before mid-June over two months of the commencement of the disbursement process, said renowned economist and former finance minister Dr Hafiz Pas

Published 27 May, 2020 12:06am

NBP foresees limited credit offtake

National Bank of Pakistan (NBP) management is expecting that the credit offtake will remain restricted in the coming months as supply chains adjust to the economic impacts. Therefore, the risk management function of the bank is regularly conducting assess

Published 23 May, 2020 12:06am

Business & Finance

'Nepra equally responsible for mismanagement in power sector'

The National Electric Power Regulatory Authority (Nepra) is equally responsible for mismanagement and bad governance in the power sector and cannot shift the entire blame on the distribution companies (DISCOs)/power division as it has been allowing justif

Published 22 May, 2020 12:03am

Nepra admits four applications from private housing societies

The National Electric Power Regulatory Authority (Nepra) had admitted four applications for the grant of electric supply license from the private sector housing societies.

Published 21 May, 2020 12:09am

Transport: Reduction in fares can help subdue inflation: Pasha

The rate of inflation may come down to 6 percent from the current 8.5 percent if transport fares come down fully to reflect the saving in fuel costs of over 30 percent after reduction in the petroleum prices by the government since end of March, said reno

Published 21 May, 2020 12:09am

Diamer-Bhasha Dam: Wapda chief visits site to review arrangements

Following the award of contract for construction of main dam of Diamer Basha Dam Project last week, the Pakistan Water and Power Development Authority (Wapda) Chairman Lt Gen Muzammil Hussain (retd) Tuesday visited the project site to review on-ground arr

Published 20 May, 2020 12:05am

Former ZTBL president for revival of KSSL, AZS

The State Bank of Pakistan (SBP) should ask the Zarai Taraqiati Bank Ltd (ZTBL) to revive Awami Zarai Scheme (AZS), reactivate Kissan Support Services Ltd (KSSL) and pursue the commercial banks through penalties to disburse agricultural credit to farmers.

Published 17 May, 2020 12:03am

Industrial activity: Power sector revenue drops by 67 percent?

Power sector revenue has dropped by 67 percent in terms of industrial activity during lockdown due to Coronavirus in the country, said Pakistan Electric Power Company (PEPCO) sources.

Published 16 May, 2020 12:07am

No major change in tax rates likely during next fiscal year

No major change in tax rates is expected during the next fiscal budget as there is a general understanding in the Federal Board of Revenue (FBR) that any change would lead to unnecessary hue and cry on the part of taxpayers, said the Board sources.

Published 15 May, 2020 12:05am

'Unity in diversity' basic theme of 18th Amendment: Pasha

'Unity in diversity' is the fundamental theme of the 18th Amendment, which means that the federating units should be given those responsibilities which they are able to perform, said renowned economist and former finance minister Dr Hafiz A Pasha.

Published 14 May, 2020 12:04am

Pakistan

Technical deficiencies of PRAL affecting FBR's IT systems

The Pakistan Revenue Automation Ltd (PRAL) has many technical deficiencies hindering its progress on development of effective IT systems for the Federal Board of Revenue (FBR), said the Board sources.

Published 12 May, 2020 12:06am

Payment of wages: SBP may enhance limit of loans from Rs 500 million to Rs 1 billion

The State Bank of Pakistan (SBP) is likely to enhance the limit against loans from Rs500 million to Rs1 billion to finance three-month wages, said reliable banking industry sources. The central bank is also considering to waive off the condition of 'no la

Published 10 May, 2020 12:02am

Government may issue infrastructure bonds: expert

The federal government can issue infrastructure bonds and municipal bonds for development projects to boost economic activity and mitigate the impact of Covid-19 spread.

Published 09 May, 2020 12:06am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 26	278.42
USD PKR Interbank Buying / Dec 26	278.27
USD to Japanese Yen / Dec 24	157.14
USD to Swiss Franc / Dec 24	0.90
Pound Sterling to USD / Dec 24	1.25
Euro to USD / Dec 24	1.04

Stock	Volume
Germany DAX 30 / Dec 23	19,848.77
S&P 500 / Dec 24	6,040.04
Nasdaq / Dec 24	20,031.13
Hang Seng / Dec 24	20,098.29
FTSE 100 / Dec 24	8,136.99
Dow Jones / Dec 24	43,297.03
France CAC40 / Dec 24	7,282.69
India Sensex / Dec 26	78,475.29

Item	Value
Crude Oil USD/Barrel / Dec 24	70.10
Gold 10 Grams PKR / Dec 24	240,487.70
Gold Spot USD/Ounce / Dec 24	2,616.87
Cotton US¢/pound / Dec 24	68.78
Karachi Cotton PKR/37.32 KG / Dec 26	17,785
Petrol/Litre / Dec 27	252.10

Gainers
Losers
Leaders

Stock	Price
First Capital Equities / Dec 26 First Capital Equities Limited(FCEL)	6.10 ▲ 1.00 (19.61%)
Sec. Inv. Bank / Dec 26 Security Investment Bank Limited(SIBL)	6.99 ▲ 1.00 (16.69%)
Next Capital / Dec 26 Next Capital Limited(NEXT)	9.90 ▲ 1.00 (11.24%)
Fauji Foods Ltd / Dec 26 Fauji Foods Limited(FFL)	16.45 ▲ 1.50 (10.03%)
Pak Gulf Leasing / Dec 26 Pak-Gulf Leasing Company Limited(PGLC)	15.81 ▲ 1.44 (10.02%)
Dewan Motors / Dec 26 Dewan Farooque Motors Limited(DFML)	42.21 ▲ 3.84 (10.01%)
Blue-Ex Ltd / Dec 26 Blue-Ex Limited (GEM)(GEMBLUEX)	44.96 ▲ 4.09 (10.01%)
Suhail Jute / Dec 26 Suhail Jute Mills Limited(SUHJ)	99.06 ▲ 9.01 (10.01%)
Altern Energy / Dec 26 Altern Energy Limited(ALTN)	22.65 ▲ 2.06 (10.00%)

Stock	Price
Jauharabad Sug / Dec 26 Jauharabad Sugar Mills Limited(JSML)	23.10 ▼ -2.57 (-10.01%)
Mughal Energy / Dec 26 Mughal Energy Limited(GEM)(GEMMEL)	18.45 ▼ -2.05 (-10.00%)
Fateh Ind. / Dec 26 Fateh Industries Limited(FIL)	120.56 ▼ -13.38 (-9.99%)
Olympia Mills / Dec 26 Olympia Mills Limited(OML)	36.01 ▼ -3.99 (-9.98%)
Popular Islamic / Dec 26 Popular Islamic Modaraba(PIM)	13.54 ▼ -1.50 (-9.97%)
Arctic Textile / Dec 26 Arctic Textile Mills Limited(ARCTM)	21.60 ▼ -2.37 (-9.89%)
Power Cem(Pref) / Dec 26 Power Cement (Pref)(POWERPS)	12.25 ▼ -1.22 (-9.06%)
Sanghar Sugar / Dec 26 Sanghar Sugar Mills Limited(SANSM)	24 ▼ -2.33 (-8.85%)
Equity Modaraba / Dec 26 First Equity Modaraba(FEM)	3 ▼ -0.29 (-8.81%)

Stock	Volume
WorldCall Telecom / Dec 26 Worldcall Telecom Limited(WTL)	127,408,831 ▼ -0.06
Fauji Foods Ltd / Dec 26 Fauji Foods Limited(FFL)	93,301,142 ▲ 1.50
TRG Pak Ltd / Dec 26 TRG Pakistan Limited(TRG)	46,900,564 ▲ 6.41
Sui South Gas / Dec 26 Sui Southern Gas Company Limited(SSGC)	33,559,500 ▼ -1.65
Cnergyico PK / Dec 26 Cnergyico PK Limited(CNERGY)	33,367,944 ▼ -0.16
K-Electric Ltd. / Dec 26 K-Electric Limited(KEL)	30,254,338 ▼ -0.19
B.O.Punjab / Dec 26 The Bank of Punjab(BOP)	30,003,113 ▼ -0.11
Hascol Petrol / Dec 26 Hascol Petroleum Limited(HASCOL)	27,155,152 ▲ 0.87
Aisha Steel Mill / Dec 26 Aisha Steel Mills Limited(ASL)	26,980,436 ▲ 0.09

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