News stories for Hamid Waleed - Business Recorder

Hamid Waleed

'Solar power generation shouldn't be part of national grid'

Solar power generation should not be part of the national grid. Instead, it should be community-based and managed at the local level. Also, this is high time to opt for solar energy because solar power equipment has become quite cheap thus reducing the co

Published 01 May, 2020 12:54am

Loan defaulters trying their luck?

Defaulters of bank loans are said to be trying their luck by applying for rescheduling of loans under the State Bank of Pakistan (SBP) scheme for rescheduling of loans due to the Coronavirus pandemic.

Published 30 Apr, 2020 12:07am

Tax concessions add up to Rs 1,000 billion due to state capture by elite: Dr Pasha

The tax concessions alone add up to over Rs1,000 billion, equivalent to almost 25 percent of the actual revenue collection, due to the state capture by the elite that is persistent and pervasive in character.

Published 28 Apr, 2020 12:54am

Rescheduling of loans: Mailboxes of banks unable to handle massive applications

Mailboxes of leading banks are unable to handle massive applications for restricting/rescheduling of loans in the wake of coronavirus spread in the country.

Updated 26 Apr, 2020 04:45am

Pakistan

'Role of IPPs to be finally capped below 10pc of power mix'

The Independent Power Producers' (IPPs) role is to be finally capped below 10 percent of the power mix and they have to compete for tariffs with the public sector, a model already being used in the developed world.

Published 24 Apr, 2020 02:52am

Pakistan

PEPCO sources claim: With little rehabilitation, GENCOs are capable of providing energy

The public sector plants of Generation Companies (GENCOs), presently put on standby, are capable of providing energy according to the system's demand with very little investment on their rehabilitation, said reliable sources from Pakistan Electric Power C

Published 23 Apr, 2020 02:53am

Haq proposes 10 percent income tax rate for all entities, 20 percent for companies

A simple and flat income tax rate of 10 percent for all entities and 20 percent for companies can achieve fairness in the taxation system of Pakistan, said renowned tax expert Dr Ikramul Haq.

Published 21 Apr, 2020 03:03am

Zero-rated consumers: DISCOs charge GST, WHT instead of special tariff

The power distribution companies (DISCOs) have charged general sales tax (GST) and withholding tax (WHT) on the basis of notified tariff instead of special tariff for zero-rated industrial consumers for the month of March.

Published 19 Apr, 2020 12:00am

Refund claims: FBR directs completion of processing before 20th

The Federal Board of Revenue (FBR) has directed all the chief commissioners, Inland Revenue, to complete processing of the refunds claims before 20th April 2020 in view of the sensitivity of COVID19 relief package implementation, says a notification avail

Published 17 Apr, 2020 12:00am

Pakistan

Dr Pasha proposes withdrawal of tax exemptions to IPPs

Dr Hafiz A Pasha, a leading economist, has proposed an immediate withdrawal of tax exemptions to the Independent Power Producers (IPPs).

Published 16 Apr, 2020 12:00am

Coronavirus spread: Insurance companies relax premium payments

To meet the challenge of managing businesses amidst the coronavirus spread, leading insurance companies have started providing relaxation in premium contribution/payment. Also, some of them are offering added benefits on account of COVID-19 against the ac

Published 15 Apr, 2020 12:00am

Deadline for online integration set to extend for fourth time

Deadline for online integration of tier-1 retailers' point of sale (POS) with the computerized system of Federal Board of Revenue (FBR) is set to extend for the fourth time, said reliable sources in the FBR.

Published 14 Apr, 2020 12:00am

Budget 2020-21: There is no room for additional taxation: Pasha

There is no room for additional taxation in the next budget as an additional taxation of Rs735 billion in the current budget has already ruined the economy, said renowned economist Dr Hafiz Pasha.

Published 12 Apr, 2020 12:00am

Pakistan

'Construction relief package toothless unless extended to real estate as a whole'

The housing sector will not be able to reap the true benefits of a relief package for the construction sector, as the amnesty of non-disclosure of investment has not been extended to the real estate as a whole, said tax experts.

Published 10 Apr, 2020 12:00am

Electricity demand may reduce by 30pc if impact of Covid-19 continues: PEPCO

Electricity demand may go down by 25-30 percent if the economic downturn and corona impact continues, said Pakistan Electric Power Company (PEPCO) sources.

Published 08 Apr, 2020 12:00am

Construction sector: FBR may place incentives in Cabinet meeting today for final approval

The Federal Board of Revenue (FBR) has finalised the notification relating to incentives to the construction sector which is likely to be placed in the cabinet meeting on Tuesday (today) for a final approval, said official sources.

Published 07 Apr, 2020 12:00am

Pakistan

Construction sector: SRB proposes to adopt Punjab model for revival

While the Punjab government is fully geared up to serve the construction sector, the Sindh government is expecting more from the federal government and the Federal Board of Revenue (FBR) before implementing the same.

Published 05 Apr, 2020 12:00am

Rs 18 billion tax relief: Stamp duty contributes more than any other tax category

Stamp duty contributes more than any other tax category in Rs18 billion tax relief announced by the government of Punjab. According to the official documents available with Business Recorder, the rate of stamp duty has been slashed heavily; incurring an i

Published 04 Apr, 2020 12:00am

FBR may hold back 30pc refunds to deal with false claims: tax experts

The Federal Board of Revenue (FBR) can hold back 30 percent refund claims to deal with the problem of false claims and release its 70 percent immediately, said tax experts.

Published 03 Apr, 2020 12:00am

Punjab government defers Rs 18 billion tax collection

In order to mitigate the impact of COVID-19, the Punjab government has deferred Rs18 billion provincial taxes for three months. According to the provincial tax authorities, a notification to defer the taxes has been issued in line with the decision of cab

Published 02 Apr, 2020 12:00am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 30	278.97
USD PKR Interbank Buying / Jan 30	278.77
USD to Japanese Yen / Jan 30	154.56
USD to Swiss Franc / Jan 30	0.91
Pound Sterling to USD / Jan 30	1.24
Euro to USD / Jan 30	1.04

Stock	Volume
S&P 500 / Jan 29	6,039.31
Nasdaq / Jan 29	19,632.32
Hang Seng / Jan 29	20,225.11
Dow Jones / Jan 29	44,713.52
India Sensex / Jan 30	76,776.38
Tokyo Nikkei / Jan 30	39,467.47
FTSE 100 / Jan 30	8,567.71
Germany DAX 30 / Jan 30	21,655.86

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 29	18,285
Gold 10 Grams PKR / Jan 29	247,513
Crude Oil USD/Barrel / Jan 30	72.66
Gold Spot USD/Ounce / Jan 30	2,759.76
Cotton US¢/pound / Jan 30	66.57
Petrol/Litre / Jan 31	256.13

Gainers
Losers
Leaders

Stock	Price
Chenab Ltd / Jan 30 Chenab Limited(CHBL)	9.08 ▲ 1 (12.38%)
Kohinoor Ind. / Jan 30 Kohinoor Industries Limited(KOIL)	9.26 ▲ 1 (12.11%)
PICIC Ins.Ltd. / Jan 30 PICIC Insurance Limited(PIL)	2.52 ▲ 0.23 (10.04%)
Redco Textile / Jan 30 Redco Textiles Limited(REDCO)	21.97 ▲ 2 (10.02%)
Sana Ind / Jan 30 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
I.C.C. Ind. / Jan 30 ICC Industries Limited(ICCI)	14.29 ▲ 1.3 (10.01%)
Ashfaq Textile / Jan 30 Ashfaq Textile Mills Limited(ASHT)	17.48 ▲ 1.59 (10.01%)
Ahmad Hassan / Jan 30 Ahmad Hassan Textile Mills Limited(AHTM)	59.90 ▲ 5.45 (10.01%)
Atlas Honda Ltd / Jan 30 Atlas Honda Limited(ATLH)	873.29 ▲ 79.39 (10%)

Stock	Price
Tariq Corp.Pref. / Jan 30 Tariq Corporation Limited-Preference Shares(TCORPCPS)	6.91 ▼ -0.97 (-12.31%)
First Capital Equities / Jan 30 First Capital Equities Limited(FCEL)	5.21 ▼ -0.68 (-11.54%)
National Silk / Jan 30 The National Silk & Rayon Mills Limited(NSRM)	45.35 ▼ -5.04 (-10%)
Blue-Ex Ltd / Jan 30 Blue-Ex Limited (GEM)(GEMBLUEX)	55.40 ▼ -6.15 (-9.99%)
Kohat Textile / Jan 30 Kohat Textile Mills Limited(KOHTM)	32 ▼ -3.13 (-8.91%)
Hussain Industries / Jan 30 Husein Industries Limited(HUSI)	26.41 ▼ -2.45 (-8.49%)
Trust Sec.& Brok. / Jan 30 Trust Securities & Brokerage Limited(TSBL)	13.60 ▼ -1.14 (-7.73%)
JS Investments / Jan 30 JS Investments Limited(JSIL)	21.02 ▼ -1.74 (-7.64%)
Universal Ins. / Jan 30 The Universal Insurance Company Limited(UVIC)	9.13 ▼ -0.67 (-6.84%)

Stock	Volume
Sui South Gas / Jan 30 Sui Southern Gas Company Limited(SSGC)	48,078,930 ▲ 2.48
Waves Home Appliances / Jan 30 Waves Home Appliances Limited(WAVESAPP)	33,126,010 ▲ 1.16
Bank Makramah / Jan 30 Bank Makramah Limited(BML)	31,438,642 ▲ 0.23
Cnergyico PK / Jan 30 Cnergyico PK Limited(CNERGY)	31,197,761 ▲ 0.13
K-Electric Ltd. / Jan 30 K-Electric Limited(KEL)	29,670,310 ▲ 0.13
Citi Pharma Ltd / Jan 30 Citi Pharma Ltd.(CPHL)	25,413,292 ▲ 2.73
Dewan Motors / Jan 30 Dewan Farooque Motors Limited(DFML)	24,726,221 ▼ -1.63
WorldCall Telecom / Jan 30 Worldcall Telecom Limited(WTL)	20,794,723 ▲ 0.02
Fauji Cement / Jan 30 Fauji Cement Company Limited(FCCL)	13,308,955 ▲ 0.1

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