News stories for Hamid Waleed - Business Recorder

Hamid Waleed

Business & Finance

Bicycle maker fails to claim input tax adjustment

LAHORE: A bicycle manufacturer has failed to fulfill the conditions prescribed for claiming input tax adjustment...

Published 25 Feb, 2024 04:51am

Business & Finance

Attachment of bank accounts: Software co gets amount recovered by tax department reimbursed

LAHORE: A software development company has succeeded in getting reimbursed the amount recovered by the tax ...

Published 23 Feb, 2024 06:36am

Business & Finance

FTO can’t address anonymous complaints against FBR officers

LAHORE: The Federal Tax Ombudsman (FTO) cannot entertain anonymous and pseudonymous complaints to conduct an...

Published 22 Feb, 2024 06:55am

Business & Finance

Polyester importer fails to substantiate transactional value

LAHORE: An importer of polyester polar fleece fabrics has failed to substantiate transactional value on imported...

Published 20 Feb, 2024 03:09am

Markets

Yarn trader succeeds availing concessional rate after legal fight

LAHORE: A yarn trader has succeeded in availing the facility of concessional rate despite a hot pursuit of the tax...

Published 18 Feb, 2024 03:01am

Business & Finance

RMG chain store remains unable to prove misuse of authority

LAHORE: A Readymade Garment (RMG) chain store could not prove misuse of authority by Commissioner Inland Revenue...

Published 17 Feb, 2024 05:51am

Business & Finance

Tax authorities fail to encash expired bank guarantee as govt dues

LAHORE: Tax authorities have failed to encash expired bank guarantee for recovery of government dues, said sources....

Published 16 Feb, 2024 06:02am

Business & Finance

Bank’s customer fails to avert recovery proceedings on weak assertions

LAHORE: A customer of a local bank has failed to avert recovery proceedings against running finance facility on weak...

Published 15 Feb, 2024 05:39am

Business & Finance

I&I Directorate has failed to recover taxes on technical ground

LAHORE: The Directorate of Intelligence and Investigation (I&I) failed to recover duty/taxes on technical ground...

Published 13 Feb, 2024 05:59am

Pakistan

PPP to discuss PML-N offer in its CEC meeting

LAHORE: Pakistan Peoples Party (PPP) leadership has decided to put the PML-N offer before the Central Executive...

Published 12 Feb, 2024 06:26am

NA-127: Bilawal gets 15,005 out of 217,114 votes

LAHORE: Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari could get merely 6 percent of the total votes...

Updated 11 Feb, 2024 09:30am

Business & Finance

Customs confiscates foreign-origin clothing clubbed as local goods

LAHORE: The customs department reportedly confiscated locally manufactured cloth on the pretext of non-duty paid...

Published 10 Feb, 2024 05:48am

Pakistan

NA 127: fierce fight between PML-N and PTI expected

LAHORE: A two-way fight is expected between the Pakistan Muslim League-N (PML-N) and the Pakistan Tehreek-e-Insaf...

Published 08 Feb, 2024 05:02am

Business & Finance

Input tax adjustment time: ST Act doesn’t stipulate any condition or time limit

LAHORE: The Sales Tax Act does not stipulate any condition or restriction of time for adjustment of the input tax...

Published 06 Feb, 2024 05:00am

Pakistan

Faulty FIRs against hundi/ hawala operators fail to prove illegal activities

LAHORE: Faulty FIRs against hundi/hawala operators fail to prove illegal activity in courts, said sources. In most...

Published 04 Feb, 2024 03:01am

Business & Finance

SOE allowed concessionary rate of duty by customs

LAHORE: Customs officials failed to deny concessionary rate of duty to a state-owned entity (SOE), said sources....

Published 03 Feb, 2024 05:46am

Business & Finance

Dept fails to recover sales tax against obsolete stock

LAHORE: The sales tax department failed to recover the sales tax amount from a taxpayer against obsolete stock that...

Published 01 Feb, 2024 04:52am

Business & Finance

Illegal currency business thriving in the garb of real estate deals

LAHORE: Illegal foreign currency business is thriving under the garb of real estate deals, said sources from the...

Published 31 Jan, 2024 05:22am

Business & Finance

Steel re-rolling mills: Tax authorities ignoring special procedure for tax collection?

LAHORE: Tax authorities are accused of ignoring amendments to the sales tax law devising special procedure for steel...

Published 27 Jan, 2024 06:20am

Business & Finance

Industrial undertakings: Minimum tax payable despite exemption under Economic Reforms Act

LAHORE: Minimum tax is payable by the industrial undertakings despite enjoying exemption under the Economic Reforms...

Published 24 Jan, 2024 05:07am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 21	278.03
USD PKR Interbank Buying / Nov 21	277.78
USD to Japanese Yen / Nov 21	154.92
USD to Swiss Franc / Nov 21	0.88
Pound Sterling to USD / Nov 21	1.26
Euro to USD / Nov 21	1.05

Stock	Volume
S&P 500 / Nov 20	5,917.11
Nasdaq / Nov 20	18,966.14
Dow Jones / Nov 20	43,408.47
India Sensex / Nov 21	77,137.20
Tokyo Nikkei / Nov 21	38,026.17
Hang Seng / Nov 21	19,620.49
FTSE 100 / Nov 21	8,069.57
Germany DAX 30 / Nov 21	18,942.65

Item	Value
Petrol/Litre / Nov 21	248.38
Crude Oil USD/Barrel / Nov 21	69.38
Karachi Cotton PKR/37.32 KG / Nov 21	17,785
Gold 10 Grams PKR / Nov 21	238,340
Gold Spot USD/Ounce / Nov 21	2,662.71
Diesel/Litre / Nov 21	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▼ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▼ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▼ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▲ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▲ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▲ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Nov 21 K-Electric Limited(KEL)	174,389,145 ▲ 0.00
Hascol Petrol / Nov 21 Hascol Petroleum Limited(HASCOL)	63,973,243 ▲ 0.00
Kohinoor Spining / Nov 21 Kohinoor Spinning Mills Limited(KOSM)	62,996,737 ▲ 0.00
Aisha Steel Mill / Nov 21 Aisha Steel Mills Limited(ASL)	48,137,561 ▲ 0.00
Waves Home Appliances / Nov 21 Waves Home Appliances Limited(WAVESAPP)	43,506,391 ▲ 0.00
Lotte Chemical / Nov 21 Lotte Chemical Pakistan Limited(LOTCHEM)	40,852,960 ▲ 0.00
Telecard Limited / Nov 21 Telecard Limited(TELE)	36,937,252 ▲ 0.00
Cnergyico PK / Nov 21 Cnergyico PK Limited(CNERGY)	31,401,025 ▲ 0.00
WorldCall Telecom / Nov 21 Worldcall Telecom Limited(WTL)	31,346,592 ▲ 0.00

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