News stories for Hamid Waleed - Business Recorder

Hamid Waleed

Pakistan

Zuckerberg holds AdAsia audience spellbound

The three-day AdAsia Lahore 2019 concluded here on Thursday, featuring some extraordinary international advertising industry figures including Randi Zuckerberg from Zuckerberg Media, Tom Goodwin from Zenith Media, Julian Boulding from thenetworkone, Edwar

Published 06 Dec, 2019 12:00am

Pakistan

Samina Baig gets standing ovation at AdAsia

Participants of AdAsia 2019 extended a standing ovation to Pakistani mountaineer Samina Khayal Baig on the second day of the gathering at Alhamra Art Council on Wednesday.

Published 05 Dec, 2019 12:00am

Pakistan

3-day AdAsia 2019 opens in Lahore

The three-day 31st AdAsia 2019 opened at Alhamra Arts Council on Tuesday. The speakers of the inaugural session deliberated upon the opportunities and challenges of technology and communication in the new world. They said the AdAsia 2019 has turned into a

Published 04 Dec, 2019 12:00am

'Pepco defeats PM's export-led growth strategy'

Pakistan Electric Power Company (PEPCO) has defeated the export-led growth strategy of Prime Minister Imran Khan by denying the relief in tariff announced by the federal government for the months of Nov 2019 to Feb 2020, said sources.

Published 04 Dec, 2019 12:00am

NJHPP may default if PPA not signed by CPPA-G

The Neelum Jhelum Hydropower Company (NJHPP) is likely to go into default after December because of the dilly-dallying attitude of Central Power Purchasing Agency Guarantee (CPPA-G) in signing power purchase agreement with NJHPP, said sources.

Published 27 Nov, 2019 12:00am

Sales tax not payable on subsidy received by Discos: expert

Sales Tax is not payable on the subsidy received by the power distribution companies (DISCOs) from the government, said leading tax expert Hussain Ahmad Sherazi.

Published 21 Nov, 2019 12:00am

Cases for audit: FBR urged to consult relevant law

The tax experts have urged Chairman Federal Board of Revenue (FBR) Shabbar Zaidi to take notice of the practice of selecting cases for income tax audit in derogation of the exemption allowed in the law, terming it not only arbitrary and against the law, b

Updated 13 Nov, 2019 06:44am

Contrasting approaches to minorities: PM links eradication of poverty to resolution of Kashmir issue

Prime Minister Imran Khan said Saturday that poverty in the sub-continent could be eradicated through opening up the border for trade, besides resolving the issue of Kashmir through talks.

Published 10 Nov, 2019 12:00am

Government fails to set up appellate tribunal under amended Nepra Act

The federal government has not set up the appellate tribunal for the last one and a half years under section 12A of amended NEPRA Act, 2018.

Updated 29 Oct, 2019 07:09am

'Restaurants liable to pay sales tax to FBR not PRA after Finance Act 2019'

The restaurants are liable to pay sales tax on food supply to the Federal Board of Revenue (FBR) under the Sales Tax Act, 1990 after the Finance Act, 2019, and the Punjab Revenue Authority (PRA) has no authority to collect such sales tax, said tax expert

Updated 26 Oct, 2019 08:03am

Government, FBR accused of delaying fixed-tax regime for traders

Both the ill-intention of the Federal Board of Revenue (FBR) bureaucracy and inefficiency of the government have led to undue delay in issuance of Fixed Tax Regime for traders, causing negligible business transactions in the months of July and August and

Updated 14 Oct, 2019 11:31am

'Federal government not competent to impose tax on agriculture income'

The Federal government is not competent to impose a tax on agricultural income whether directly or indirectly. However, as per an amendment made in section 111 through the Finance Act 2013, where a taxpayer explains the nature and source of amount credite

Updated 01 Nov, 2019 08:36am

Business & Finance

'Federal government not competent to impose tax on agriculture income'

Published 08 Oct, 2019 12:00am

Corruption charges: Lesco management accused of protecting XEN

The Lahore Electric Supply Company (LESCO) management is allegedly trying to protect a XEN by not suspending him after his name appeared in an FIR against corruption charges. It is learnt that LESCO management is striving to dilute the charges against Muh

Published 04 Oct, 2019 12:00am

LTBA seeks extension in filing of returns up to December 31

The Lahore Tax Bar Association (LTBA) has urged Chairman Federal Board of Revenue (FBR) to extend the date of filing of Income Tax return of Individuals, Salaried Individual & AOPs for the year 2019 up to 31st December, 2019 to facilitate the genuine taxp

Updated 30 Sep, 2019 10:30am

'Selection of cases for audit in any of past three tax years illegal'

Selection of taxpayers' cases for income tax audit whose income tax affairs have been audited in any of the preceding three tax years is in derogation of the exemption allowed to the petitioner.

Published 28 Sep, 2019 12:00am

Finance Act 2019 termed a key step towards documentation of national economy

Steps taken in the Finance Act 2019 to discourage undocumented and non-cash economy would be a key step towards federal government's initiatives regarding documentation of the national economy, said tax experts. Talking to Business Recorder, tax expert Mu

Published 25 Sep, 2019 12:00am

'Trade misinvoicing deprives exchequer 11 percent of total revenue'

Trade misinvoicing is not only a major source of capital flight and reverse capital flight, but it also deprives the national exchequer of an amount equal to 11 percent of the total revenue generated through customs duties and export tax, said tax experts

Published 21 Sep, 2019 12:00am

Advance tax on marriage in halls: FBR chairman urged to take notice

Imposition of a minimum slab of Rs20,000 as advance tax under the Finance Act 2018 demands an early notice of Chairman Federal Board of Revenue (FBR), as a tax can only be imposed on 'income' and not on anything else, much less on expenditure, which is no

Published 19 Sep, 2019 12:00am

CRTO, Lesco join hands under tax broadening drive

The Corporate Regional Tax Office (CRTO) and Lahore Electric Supply Company (Lesco) have joined hands under the tax broadening drive of Federal Board of Revenue (FBR). A unique exercise of issuing notices to both industrial and commercial consumers, warni

Published 17 Sep, 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
Petrol/Litre / Jan 30	256.13
Crude Oil USD/Barrel / Jan 30	72.66
Gold Spot USD/Ounce / Jan 30	2,759.76
Diesel/Litre / Jan 30	260.95

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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