News stories for Hamid Waleed - Business Recorder

Hamid Waleed

Payment of bills: Mepco refuses to extend date despite ministry's directions

The Multan Electric Supply Company (Mepco) has refused to extend payment date of electricity bills to April 7, despite written directions by the Ministry of Energy issued last week.

Published 31 Mar, 2020 12:00am

Government may exercise force majeure against IPPs, opine experts

The federal government can exercise the clause of force majeure against Independent Power Producers (IPPs) to pull the power sector out of pressure due to outbreak of COVID-19 in the country, said power sector experts.

Published 29 Mar, 2020 12:00am

Pakistan

Pakistan will touch absolute water scarcity line by 2025: study

Pakistan will touch the absolute water scarcity line by 2025 if population continues to grow at the present rate and continual stress on water resources remains unabated, said a research conducted by the Pakistan Council of Research in Water Resources (PC

Published 26 Mar, 2020 12:00am

Banks restrict entry of customers amidst corona fear

Most of the branches of leading banks restricted the entry of customers on Tuesday from a minimum of two to a maximum five to the bank at a time as a precautionary measures against the spread of coronavirus in the country.

Published 25 Mar, 2020 12:00am

Diamer-Bhasha Dam: Evaluation report contrary to PPRA, PEC rules

The evaluation report of Diamir Basha Dam (RBD) is contrary to Public Procurement Regulatory Authority (PPRA) and Pakistan Engineering Council (PEC) rules as no consultant of international repute for design review of the dam has been appointed before awar

Published 24 Mar, 2020 12:00am

Diamir-Bhasha Dam: Evaluation report contrary to PPRA, PEC rules

Published 24 Mar, 2020 12:00am

Coronavirus outbreak: 'Waiving off electricity bills not viable solution at all'

Waiving off the electricity bills of those earning Rs 25,000 per month or below due to the outbreak of coronavirus is not viable at all and the only possible way out is to delay the payment for certain period if someone comes with distress, said sources.

Published 22 Mar, 2020 12:00am

'Indus Water Treaty legalises theft of water by India'

The 1960 Indus Waters Treaty (IWT) was never meant to be a Pakistan-friendly treaty, and amounted to a little more than the legalization of the theft of water by India that legally belongs to Pakistan.

Published 21 Mar, 2020 12:00am

Business & Finance

Exportable goods: Domestic sales' documentation becomes hard nut to crack for FBR

Documentation of domestic sales of the exporting goods has become a hard nut to crack for the Federal Board of Revenue (FBR) as it invites the exporters' wrath on the one hand and gives birth to the false claimants of sales tax refunds on the other, said

Published 19 Mar, 2020 12:00am

Business & Finance

Spread of coronavirus: RTO sees a drop in revenue from imports by 25 percent

The Regional Tax Office (RTO) has witnessed a drop in revenue generation from imports by 25 percent due to the spread of coronavirus worldwide, said sources.

Published 18 Mar, 2020 12:00am

Pakistan

'Power Division should restrict itself to policy implementation'

The ministry of power division should restrict itself to the policy implementation and empower the Pakistan Electric Power Company (PEPCO) to solve the power sector issues, said the power sector experts. The government should also make permanent appointme

Published 17 Mar, 2020 12:00am

Pakistan

POS Integration System: Registration of retailers not up to mark

Registration of tier-1 retailers under the Point of Sale (POS) Integration System of the Federal Board of Revenue (FBR) is not up to the mark due to the technical flaws, said sources.

Published 14 Mar, 2020 12:00am

Markets

Share of coal in power mix reaches 32 percent

Share of coal in power mix has reached 32 percent, as the coal based power generation went up by 72 percent YoY during January 2020 and the coal based generation was witnessed at 2,501 GWh during Jan '20, said sources.

Published 13 Mar, 2020 12:00am

Pakistan

Bilawal terms tax system full of corruption, flaws

Pakistan People's Party (PPP) Chairman Bilawal Bhutto Zardari said on Monday that the tax system in the country is full of corruption and flaws. The Pakistan Tehreek-e-Insaf (PTI) government has burdened a common man instead of taking corrective measures

Published 10 Mar, 2020 12:00am

Pakistan

Bilawal urges government to scrap anti-people deal with IMF

Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto has urged the government to scrap its anti-people deal with the International Monetary Fund (IMF) and renegotiate a pro-Pakistan deal.

Published 21 Feb, 2020 12:00am

Pakistan

Shamshad urges UNSG to appoint eminent person as envoy on Kashmir

Former Foreign Secretary Shamshad Ahmed Khan has proposed to approach the UN Secretary General for appointment of an eminent person of international standing like Bishop Desmond Tutu or President Jimmy Carter or President Mary Robinson as his special envo

Published 05 Feb, 2020 12:00am

Pakistan

Mushahid proposes inclusion of Palestine issue to OIC moot on Kashmir

Chairman of Senate Standing Committee on Foreign Affairs Senator Mushahid Hussain has proposed the inclusion of Palestine issue to the OIC conference on Kashmir in April in Islamabad. Also, he said Prime Minister of Pakistan, Prime Minister of Malaysia an

Published 02 Feb, 2020 12:00am

High cost of electricity undermines country's industrial growth

High cost of electricity has almost reduced the electricity consumption by the cottage industry by half in last five years, as the usage of B1 connections (meant for cottage industry) has come down to 278 million units in 2018-19 against 578 million units

Published 03 Jan, 2020 12:00am

Pakistan

Historic decisions being announced by courts: Bilawal

Pakistan People's Party Chairman Bilawal Bhutto said on Wednesday that historic decisions were being announced by courts in Pakistan and his political party was in full agreement with the process and the verdicts being issued by the judiciary for dissemin

Published 19 Dec, 2019 12:00am

FBR to refer deferred amounts of refunds claims to RTOs

The Federal Board of Revenue (FBR) has decided to refer all deferred amounts of refund claims to respective Regional Tax Offices (RTOs) for clearing after due diligence, said sources.

Published 08 Dec, 2019 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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