News stories for Hamid Waleed - Business Recorder

Hamid Waleed

Business & Finance

Capricious tax officer rectifies order after settlement by relevant forums

LAHORE: A capricious tax officer has proceeded to rectify the very order-in-original despite the matter having been...

Published 20 Mar, 2024 03:00am

Business & Finance

Taxpayer gets reimbursed amount recovered from his bank account

LAHORE: Due to the tax authorities’ failure to specify a reasonable payment timeframe, a corporate taxpayer...

Published 19 Mar, 2024 04:53am

Business & Finance

Despite existence of ADTT, LTO orders deduction of tax against offshore co

LAHORE: The Large Tax Office (LTO) has gotten egg on face by deducting tax against an offshore company in presence ...

Published 16 Mar, 2024 06:26am

Pakistan

Customs dept fails to prove vehicle as smuggled item

LAHORE: The customs department has failed to prove smuggling of a vehicle into Pakistan despite claiming that the...

Published 14 Mar, 2024 03:00am

Business & Finance

Tribunal reduces penalty disproportionate to gravity of sales tax default?

LAHORE: An Inland Revenue appellate tribunal has reduced penalty against defaulter of sales tax owing to...

Published 12 Mar, 2024 04:27am

Business & Finance

Bank faces penalty for carrying out premature recovery proceedings against defaulter

LAHORE: A local bank has faced penalty for carrying out premature recovery proceedings against loan defaulter....

Published 10 Mar, 2024 03:03am

Pakistan

PM’s office fails to accord timely approval: Pakistan misses meeting of RIMES in Thailand

LAHORE: Pakistan has missed a crucial meeting of Regional Integrated Multi-Hazard Early Warning System for Africa ...

Published 09 Mar, 2024 04:59am

Business & Finance

Export-oriented units: Lesco posts Rs1.1bn revenue loss?

LAHORE: The Lahore Electric Supply Company (LESCO) has booked Rs1.1 billion revenue loss from its connections to the...

Published 08 Mar, 2024 03:14am

Business & Finance

Cotton processor secures input tax refund

LAHORE: A cotton processor has secured input tax refund, which was rejected by the sales tax department after the...

Published 05 Mar, 2024 03:09am

Business & Finance

Power consumption trends indicate de-industrialization in full swing

LAHORE: Power generation and consumption trends indicate that deindustrialization is in full swing, said sources. ...

Published 03 Mar, 2024 02:55am

Business & Finance

Deduction of WHT: Pipe maker fails to shift onus on tax dept

LAHORE: A pipe manufacturer failed to shift onus on the tax department against deduction of withholding tax without...

Published 02 Mar, 2024 04:16am

Business & Finance

Taxpayer claims audit proceedings conducted under repealed provisions

LAHORE: A taxpayer has alleged the income tax department to have used repealed provisions of the law to carry out...

Published 28 Feb, 2024 06:10am

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 23	278.69
USD PKR Interbank Buying / Dec 23	278.43
USD to Japanese Yen / Dec 23	156.63
USD to Swiss Franc / Dec 23	0.90
Pound Sterling to USD / Dec 23	1.26
Euro to USD / Dec 23	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
Nasdaq / Dec 20	19,572.60
Dow Jones / Dec 20	42,840.26
India Sensex / Dec 23	78,595.51
Tokyo Nikkei / Dec 23	39,161.34
Hang Seng / Dec 23	19,857.04
FTSE 100 / Dec 23	8,068.16
Germany DAX 30 / Dec 23	19,830.32

Item	Value
Gold 10 Grams PKR / Dec 20	234,311
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 23	252.10
Crude Oil USD/Barrel / Dec 23	69.79
Gold Spot USD/Ounce / Dec 23	2,632.38
Diesel/Litre / Dec 23	255.38

Gainers
Losers
Leaders

Stock	Price
First Capital Equities / Dec 23 First Capital Equities Limited(FCEL)	6.15 ▲ 1.00 (19.42%)
Dewan Sugar / Dec 23 Dewan Sugar Mills Limited(DWSM)	6.60 ▲ 1.00 (17.86%)
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	6.83 ▲ 0.92 (15.57%)
Jahangir Sidd(Pref) / Dec 23 Jahangir Sidd(Pref)(JSCLPSA)	9.50 ▲ 0.95 (11.11%)
Chenab Ltd (Pref) / Dec 23 Chenab Limited (Pref)(CLCPS)	3.75 ▲ 0.36 (10.62%)
Dewan Farooque Sp. / Dec 23 Dewan Farooque Spinning Mills Limited(DFSM)	4.72 ▲ 0.45 (10.54%)
Trust Sec.& Brok. / Dec 23 Trust Securities & Brokerage Limited(TSBL)	10.55 ▲ 1.00 (10.47%)
Dawood Equities / Dec 23 Dawood Equities Limited(DEL)	10.63 ▲ 1.00 (10.38%)
HBL Invest Fund / Dec 23 HBL Investment Fund(HIFA)	4.15 ▲ 0.39 (10.37%)

Stock	Price
Sindh Abadgar / Dec 23 Sindh Abadgar's Sugar Mills Limited(SASML)	36.60 ▼ -4.07 (-10.01%)
Blue-Ex Ltd / Dec 23 Blue-Ex Limited (GEM)(GEMBLUEX)	40.87 ▼ -4.54 (-10.00%)
J.A.Textile / Dec 23 J.A. Textile Mills Limited(JATM)	37.72 ▼ -4.19 (-10.00%)
Asia Ins. / Dec 23 Asia Insurance Company Limited(ASIC)	13.96 ▼ -1.55 (-9.99%)
Dar-es-Salaam / Dec 23 Dar-es-Salaam Textile Mills Limited(DSML)	42.01 ▼ -4.58 (-9.83%)
First Tri-Star Mod. / Dec 23 First Tri-Star Modaraba(FTSM)	14.01 ▼ -1.33 (-8.67%)
Dadabhoy Cement / Dec 23 Dadabhoy Cement Industries Limited(DBCI)	6 ▼ -0.54 (-8.26%)
Oilboy Energy / Dec 23 Oilboy Energy Limited(OBOY)	10.46 ▼ -0.93 (-8.17%)
Burj Clean Energy Modaraba / Dec 23 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	8.45 ▼ -0.65 (-7.14%)

Stock	Volume
WorldCall Telecom / Dec 23 Worldcall Telecom Limited(WTL)	99,942,750 ▲ 0.14
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	66,327,753 ▲ 0.92
Pace (Pak) Ltd. / Dec 23 Pace (Pakistan) Limited(PACE)	43,280,462 ▲ 0.19
K-Electric Ltd. / Dec 23 K-Electric Limited(KEL)	40,644,312 ▲ 0.37
Sui South Gas / Dec 23 Sui Southern Gas Company Limited(SSGC)	40,619,788 ▲ 0.76
Pak Elektron / Dec 23 Pak Elektron Limited(PAEL)	38,585,180 ▲ 1.96
Fauji Foods Ltd / Dec 23 Fauji Foods Limited(FFL)	35,015,764 ▲ 1.32
P.T.C.L. / Dec 23 Pakistan Telecommunication Company Ltd(PTC)	33,026,526 ▲ 2.58
B.O.Punjab / Dec 23 The Bank of Punjab(BOP)	29,495,012 ▲ 0.26

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