News stories for Hamid Waleed - Business Recorder

Hamid Waleed

Business & Finance

Insurance firm fails to challenge SECP powers

LAHORE: An insurance company has failed to challenge the powers of Securities and Exchange Commission of Pakistan...

Published 21 Dec, 2024 06:24am

Business & Finance

Crackdown launched on sales tax evaders

LAHORE: The sales tax department has taken strong stance against tax evasion, rejecting the plea of an importer who...

Published 18 Dec, 2024 08:05am

Pakistan

‘Currency smugglers take advantage of no counter of declaration at border’

LAHORE: Currency smugglers are taking advantage of the absence of a counter of declaration and facility of...

Published 14 Dec, 2024 08:50am

Markets

Winter demand initiative: Not more than Rs2.5/unit saving even with 40pc rise in consumption

LAHORE: The industrial consumers have apprehended that the maximum saving would not exceed Rs2.5 per unit even with ...

Published 13 Dec, 2024 06:29am

Business & Finance

SECP directed to ensure availability of UAN, websites with insurance companies

LAHORE: An Insurance Tribunal has directed the Securities and Exchange Commission of Pakistan (SECP) to ensure...

Published 12 Dec, 2024 06:01am

Business & Finance

Customs reduces values of imported power tools

LAHORE: In a stunning reversal, the customs valuation department has effectively reduced the custom values of power...

Updated 10 Dec, 2024 09:13am

Business & Finance

Winter power package’s complex calculation causes controversy

LAHORE: Pakistan’s winter electricity package sparks industry outrage and the heart of the controversy lies in the...

Published 06 Dec, 2024 06:58am

Pakistan

Importers question transparency in redemption of vehicles

LAHORE: A recent confiscation of a vehicle has raised questions about the effectiveness of Customs enforcement and...

Published 05 Dec, 2024 08:11am

Business & Finance

Industrial consumers reject ‘winter power package’

LAHORE: Industrial consumers have rejected winter electricity package, saying that their power consumption was down...

Published 04 Dec, 2024 03:14am

Markets

LESCO collects Rs3.536bn from 119,187 defaulters

LAHORE: Lahore Electric Supply Company (LESCO) has recovered more than Rs3.536 billion from 119,187 dead defaulters...

Published 27 Nov, 2024 07:32am

Business & Finance

‘FBR has authority to conduct post-sanction audits of refund claims’

LAHORE: The Federal Board of Revenue (FBR) has the authority to conduct post-sanction audits of refund claims under...

Published 26 Nov, 2024 07:40am

Business & Finance

Tax dept barred from demanding post-dated cheque, bank certificate

LAHORE: The Sales Tax department has been barred from demanding a post-dated cheque accompanied by a bank ...

Published 23 Nov, 2024 06:19am

Pakistan

Cut wood from trees declared exempted from sales tax

LAHORE: In a significant setback to the sales tax department, a recent tribunal ruling has declared that cut wood...

Published 16 Nov, 2024 07:50am

Business & Finance

Tax dept ‘fails’ to disallow input tax claim against UFG

LAHORE: The tax department has failed to disallow a major gas pipeline company’s input tax claim, citing that it...

Published 15 Nov, 2024 06:20am

Business & Finance

Tribunal upholds tax authority’s right to correct erroneous assessment

LAHORE: A tax tribunal has upheld the tax authority’s right to correct erroneous assessment orders even if the...

Published 13 Nov, 2024 08:20am

Pakistan

Customs dept under fire for issuing time-barred notices

LAHORE: The customs department is facing intense criticism for issuing time-barred notices, creating unnecessary...

Published 09 Nov, 2024 06:36am

Business & Finance

Negligence of tax dept exposed

LAHORE: The Regional Tax Office (RTO) negligence has led to the invalidation of default surcharge notices issued to ...

Published 06 Nov, 2024 05:50am

Business & Finance

Leading insurance firm to pay Rs0.5m fine for violating ordinance

LAHORE: A leading insurance company was left with no option but to pay a penalty of Rs500,000 imposed by Securities...

Published 05 Nov, 2024 03:30am

Business & Finance

Rectification process simplification brings relief to taxpayers

LAHORE: After years of struggling with errors in tax assessments, Pakistani taxpayers are embracing a simplified...

Published 03 Nov, 2024 07:46am

Business & Finance

Tax dept misuses authority: Automatic audit selection under fire

LAHORE: The tax department’s automatic selection of tax returns for audit has come under scrutiny, with critics...

Published 02 Nov, 2024 06:15am

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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