News stories for Hamid Waleed - Business Recorder

Hamid Waleed

Business & Finance

Provincial revenue authorities’ approach to sales tax on services comes under criticism

LAHORE: Provincial revenue authorities are considering salaries as part of service to charge sales tax on services...

Published 12 Dec, 2023 05:28am

Business & Finance

Loss against bank loan: Borrower may seek damages, say experts

LAHORE: Borrowers can seek damages if they suffer from financial loss while taking certain steps in line with the...

Published 10 Dec, 2023 03:33am

Business & Finance

Release of goods on provisional assessment: Importers no more at liberty to escape liability of duty

LAHORE: Importers are no more at liberty to escape the liability of proceedings for recovery of duty, taxes or ...

Published 09 Dec, 2023 05:46am

Business & Finance

Faulty procedure of issuing show-cause notice: Sales tax dept misses tax collection opportunity

LAHORE: The sales tax department missed the opportunity for tax collection because of a faulty procedure of issuing ...

Published 07 Dec, 2023 04:35am

Markets

Consumers of some Discos subsidise consumers of other other Discos: experts

LAHORE: Consumers in distribution companies like IESCO, LESCO, FESCO, GEPCO and TESCO are subsidising consumers of...

Published 03 Dec, 2023 02:59am

Business & Finance

Public health sector: Pakistan needs to spend 1pc of GDP every year: World Bank

LAHORE: World Bank has estimated that Pakistan needed to spend one percent of current GDP, i.e. $4 billion, per year...

Published 02 Dec, 2023 05:09am

Business & Finance

Exporter succeeds in obtaining input tax against alleged fake/flying invoices

LAHORE: A silk manufacturer cum exporter has succeeded in obtaining input tax against the alleged fake/flying...

Published 01 Dec, 2023 04:43am

Business & Finance

Textile manufacturer secures insurance claim

LAHORE: A manufacturer of textile products has secured insurance claim along with liquidated damages against a ...

Published 30 Nov, 2023 04:53am

Business & Finance

Ship-breaking firm recovers damages against tax dept

LAHORE: A private firm involved in the business of ship breaking has recovered damages against the Income Tax...

Published 29 Nov, 2023 05:09am

Property attachment: AML law provides no such criteria?

LAHORE: The Anti-Money Laundering (AML) Act has framed no criteria for attachment and taking over the properties...

Updated 26 Nov, 2023 09:52am

Business & Finance

FTO directs FBR to streamline IT process

LAHORE: Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jah has directed the Federal Board of Revenue (FBR) to ...

Published 25 Nov, 2023 05:19am

Pakistan

SAHF all set to meet in Bangkok on 30th

LAHORE: South Asia Hydro-met Forum (SAHF) is all set to meet in Bangkok on November 30, 2023 to review the progress...

Published 24 Nov, 2023 05:29am

Pakistan

Directorate of I&I: ‘IOs not following SOPs for issuing call-up notices to money launderers’

LAHORE: The Investigating Officers (IOs) of the Directorate of Intelligence and Investigation (I&I) Inland...

Published 23 Nov, 2023 03:19am

Business & Finance

No tax required to be withheld against payments representing discounts, inter-company account settlements

LAHORE: No tax is required to be withheld against the payments representing discounts and inter-company account...

Published 22 Nov, 2023 05:48am

AML Act: Prior conviction not necessary for predicate offence proceedings

LAHORE: Prior conviction of an accused for the predicate offence is not a prerequisite for initiation of proceedings...

Updated 19 Nov, 2023 10:19am

Pakistan

Anti-money laundering law: Notices being issued to BoDs of companies

LAHORE: The Directorate of Intelligence and Investigation (I&I) Inland Revenue, under the garb of...

Published 17 Nov, 2023 06:06am

Business & Finance

For future probationary officers of IRS: FTO forwards case of ‘classic maladministration’ to develop case study

LAHORE: Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jah has forwarded a case of maladministration to Directorate of...

Published 16 Nov, 2023 05:39am

Pakistan

‘Some insurance firms are not translating policy documents into Urdu’

LAHORE: Some insurance companies are not complying with the condition of translating the policy documents in Urdu...

Published 15 Nov, 2023 06:09am

Pakistan

Punjab CM announces smart lockdown despite resistance from Met dept

LAHORE: Caretaker Chief Minister Punjab Mohsin Naqvi announced smart lockdown despite resistance from the...

Published 14 Nov, 2023 05:08am

Markets

Lesco displays names of power ‘pilferers’

LAHORE: The Lahore electric supply company (Lesco) has displayed names of power pilferers amd defaulters on roadside...

Published 12 Nov, 2023 03:14am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 22	277.85
USD PKR Interbank Buying / Nov 22	277.65
USD to Japanese Yen / Nov 23	154.78
USD to Swiss Franc / Nov 23	0.89
Pound Sterling to USD / Nov 23	1.25
Euro to USD / Nov 23	1.04

Stock	Volume
S&P 500 / Nov 22	5,969.34
India Sensex / Nov 22	79,117.11
Tokyo Nikkei / Nov 22	38,283.85
Nasdaq / Nov 22	18,003.65
Hang Seng / Nov 22	19,229.97
FTSE 100 / Nov 22	8,262.08
Dow Jones / Nov 22	44,296.51
Germany DAX 30 / Nov 22	19,322.59

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 22	17,785
Gold 10 Grams PKR / Nov 22	240,483
Petrol/Litre / Nov 23	248.38
Crude Oil USD/Barrel / Nov 23	71.24
Gold Spot USD/Ounce / Nov 23	2,716.19
Diesel/Litre / Nov 23	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 23 786 Investments Limited(786)	6.82 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 23 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▼ 0.00 (0.00%)
Agro Allianz / Nov 23 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 23 Ali Asghar Textile Mills Limited(AATM)	70.89 ▼ 0.00 (0.00%)
Allied Bank / Nov 23 Allied Bank Limited(ABL)	120.21 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 23 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▼ 0.00 (0.00%)
Abson Ind. / Nov 23 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 23 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 23 786 Investments Limited(786)	6.82 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 23 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▲ 0.00 (0.00%)
Agro Allianz / Nov 23 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 23 Ali Asghar Textile Mills Limited(AATM)	70.89 ▲ 0.00 (0.00%)
Allied Bank / Nov 23 Allied Bank Limited(ABL)	120.21 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 23 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▲ 0.00 (0.00%)
Abson Ind. / Nov 23 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 23 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 23 Worldcall Telecom Limited(WTL)	177,135,830 ▲ 0.00
K-Electric Ltd. / Nov 23 K-Electric Limited(KEL)	124,131,268 ▲ 0.00
Hascol Petrol / Nov 23 Hascol Petroleum Limited(HASCOL)	105,013,176 ▲ 0.00
Fauji Foods Ltd / Nov 23 Fauji Foods Limited(FFL)	77,697,371 ▲ 0.00
Treet Battery / Nov 23 Treet Battery Limited(TBL)	43,783,366 ▲ 0.00
B.O.Punjab / Nov 23 The Bank of Punjab(BOP)	36,573,763 ▲ 0.00
Sui South Gas / Nov 23 Sui Southern Gas Company Limited(SSGC)	32,719,678 ▲ 0.00
PIA Holding Co.Ltd / Nov 23 PIA Holding Company Limited(PIAHCLA)	27,969,689 ▲ 0.00
Cnergyico PK / Nov 23 Cnergyico PK Limited(CNERGY)	25,874,820 ▲ 0.00

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