News stories for Hamid Waleed - Business Recorder

Hamid Waleed

Markets

Uncertainty regarding taxes brings market activities to halt

Prevailing uncertainty regarding imposition of taxes has brought market activities to a halt, as market sources are of the view that small and medium traders are clueless and totally blank with regard to new tax regime. Major retail chains have some idea

Published 16 Jul, 2019 12:00am

Denied promotion: IESCO officer commits suicide

A senior officer of the Islamabad Electric Supply Company (IESCO) committed suicide after he was dropped from promotion by the PEPCO Promotion Board. According to reliable sources, Raja Nasir Abbas, Superintending Engineer in IESCO, committed suicide on 8

Published 11 Jul, 2019 12:00am

New taxation step, tariff hike impedes revival of closed industrial units

New taxation and tariff hike have halted revival of closed industrial units, expansion of present setups and new investments, according to power sector experts. They also noted that partially operating units have also come to a halt. They said that provis

Published 10 Jul, 2019 12:00am

Markets

Five exporting sectors urge FBR to formalise 'informal' trade

The five exporting sectors circles have urged the Federal Board of Revenue (FBR) to formalize informal trade in domestic commerce as only 50 percent of domestic commerce is being fed by the local industry and remaining 50 percent is the share of informal

Published 06 Jul, 2019 12:00am

Government flouts Nepra Act by delaying issuance of tariff notification

The federal government has violated NEPRA Act by delaying in issuance of tariff notification for distribution companies, causing concerns amongst consumers especially the industrial consumers for their inability to take a decision on fresh investments.

Published 05 Jul, 2019 12:00am

Tier-1 category: Retailers demand exclusion of shops measuring 4,000 sqft

Retailers have proposed the government to exclude the shops measuring up to 4,000 square feet from the definition of tier-1 retailers till the time when majority of whole sellers and distributors got registration under Sales Tax Act, 1990. By virtue of su

Published 22 Jun, 2019 12:00am

Banks' sharing of account details with FBR: Experts term move significant development

Tax experts have termed sharing of details of accounts by the banks with the Federal Board of Revenue (FBR) as a significant development, saying that tracing out the actual owners of the accounts would be helpful in detecting benami transactions.

Published 21 Jun, 2019 12:00am

Markets

Tax experts suggest amendments in refund rules

Tax experts proposed Monday that the law/refund rules need to be appropriately amended to provide for refund with the filing of monthly sales tax return as the export data/evidence is readily available with the customs authorities.

Published 18 Jun, 2019 12:00am

Judiciary being pressurised: Bilawal

Pakistan People's Party (PPP) Chairman Bilawal Bhutto-Zardari said on Satu-rday that judiciary is being pressurised and attacks on judiciary are being made under a conspiracy. He said there would no difference in dictatorship and democracy if institutions

Published 16 Jun, 2019 12:00am

Amendments proposed in ST & FED discussed

The second session of Post Budget Conference 2019 held at a local hotel, which covered the topic of indirect taxation with main speaker Asim Zulfiqar Ali, FCA. Rana Muhammad Usman Khan moderated the session while the panelists included Naeem Akhtar Sheikh

Published 16 Jun, 2019 12:00am

Judiciary being pressurised: Bilawal

Published 16 Jun, 2019 12:00am

Punjab government adopts aggressive resource mobilisation strategy for FY 2019-20

In a major break from the past, the Punjab government has adopted an aggressive resource mobilization strategy for next financial year. Revenue mobilization measures proposed in the budget include proposal for revision in the rates of land based Agricultu

Published 15 Jun, 2019 12:00am

Budget 2019-20: Punjab allocates Rs 350 billion for ADP

The Punjab government has presented Rs350 billion Annual Development Programme (ADP) for the financial year 2019-20 as a key policy instrument to execute the development vision, meet policy objectives and achieve development targets set by the government.

Published 15 Jun, 2019 12:00am

Punjab government adopts aggressive resource mobilisation strategy for FY 2019-20

Published 15 Jun, 2019 12:00am

Markets

'Assets declaration scheme likely to get encouraging response'

The focal person of assets declaration scheme at the Corporate Regional Tax Office (CRTO) Lahore, Jamshaid Fakhri Dahir, said on Wednesday that he was receiving more queries about the scheme comparing with the last amnesty scheme announced by the PML-N go

Published 13 Jun, 2019 12:00am

Wholesalers, distributors & retailers for rationalisation of WHT

Wholesalers, distributors and retailers have expressed their disappointment with the approach of newly-appointed Chairman Federal Board of Revenue (FBR) Syed Shabbar Zaidi, saying that he was making no sincere efforts in rationalizing taxes despite having

Published 31 May, 2019 12:00am

Government mulls tax relief withdrawal today

The federal government is set to ponder over the possibility of withdrawal of the zero-rating regime from five exporting industries in order to ensure over Rs 50 billion sales tax on domestic sales, said sources. They said the federal finance minister Abd

Published 28 May, 2019 12:00am

Markets

Member Customs evolves strategy to maximise revenue collection

Member Customs (Operations) Dr Jawwad Uwais Agha has concluded marathon sessions with Chief Collector and Collectors of the Central Region (Lahore Appraisement & Preventive, Faisalabad and Multan) of Pakistan Customs to analyze the performance in terms of

Published 26 May, 2019 12:00am

Nepra flouts time frame of Discos quarterly adjustments

The National Electric Power Regulatory Authority (Nepra) has violated its own rules while considering the requests of quarterly adjustments of distribution companies (Discos) on account of variation in Power Purchase Price (PPP) for the quarter July to Se

Published 19 May, 2019 12:00am

Power sector: Experts term Rs 960.55 million revenue requirement by CPPA-G unjustified

The power sector experts have objected to a petition of Central Power Purchase Agency-Guarantee (CPPA-G) for determination of its Market Operation Fee for the fiscal year 2018-19, saying that the revenue requirement of Rs 960.55 million of CPPA-G for the

Published 15 May, 2019 12:00am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 18	278.10
USD PKR Interbank Buying / Sep 18	277.90
USD to Japanese Yen / Sep 18	141.35
USD to Swiss Franc / Sep 18	0.85
Pound Sterling to USD / Sep 18	1.32
Euro to USD / Sep 18	1.11

Stock	Volume
S&P 500 / Sep 16	5,633.09
Nasdaq / Sep 16	17,592.13
Dow Jones / Sep 16	41,622.08
India Sensex / Sep 18	83,243.51
Tokyo Nikkei / Sep 18	36,194.62
Hang Seng / Sep 18	17,660.02
FTSE 100 / Sep 18	8,272.52
Germany DAX 30 / Sep 18	18,716.28

Item	Value
Karachi Cotton PKR/37.32 KG / Sep 16	18,935
Crude Oil USD/Barrel / Sep 18	70.77
Gold 10 Grams PKR / Sep 18	229,510
Gold Spot USD/Ounce / Sep 18	2,566.05
Cotton US¢/pound / Sep 18	72.30
Petrol/Litre / Sep 19	249.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Sep 19 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Sep 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Sep 19 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Sep 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Sep 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Sep 19 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Sep 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Sep 19 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Sep 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Sep 19 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Sep 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Sep 19 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Sep 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Sep 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Sep 19 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Sep 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Sep 19 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Sep 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Sep 19 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Sep 19 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Sep 19 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Sep 19 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Sep 19 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Sep 19 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Sep 19 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Sep 19 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Sep 19 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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