News stories for Hamid Waleed - Business Recorder

Hamid Waleed

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

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...

Updated 02 Nov, 2024 07:04am

Business & Finance

Sales tax evasion: Tribunal overturns order against taxpayer

LAHORE: In a significant ruling, the Customs, Excise and Sales Tax appellate tribunal has annulled orders passed by...

Published 01 Nov, 2024 08:25am

Business & Finance

Taxpayers accused of defying taxation law

LAHORE: In a brazen display of disregard for the law, taxpayers in Pakistan continued to defy the Federal Excise Act...

Published 31 Oct, 2024 07:26am

Pakistan

Customs officials accused of flouting orders of tribunals

LAHORE: Customs officials are allegedly flouting the orders of tribunals despite clear-cut directions from the...

Published 27 Oct, 2024 02:44am

Business & Finance

Tax collection: PRA declares WH agents as collecting agents

LAHORE: The Punjab Revenue Authority (PRA) has issued a notification under the Punjab Sales Tax on Services Act,...

Published 20 Oct, 2024 05:51am

Business & Finance

‘Charging fees for rendering services not part of turnover’

LAHORE: A freight forwarding agent has proved that charging fees for rendering services cannot be treated as part of...

Updated 09 Oct, 2024 08:40am

Pakistan

Landowners to get adjustment in land acquisition compensation

LAHORE: In a significant development, the landowners have got adjusted compensation for land acquired for public...

Published 06 Oct, 2024 02:44am

Business & Finance

Branchless banking: Banks enhance vigilance to combat scams of transactions

LAHORE: The banking sector has enhanced vigilance measures to combat banking scams through branchless banking...

Published 01 Oct, 2024 06:49am

Business & Finance

Reissuance of show-cause notices after 19 years illegal: FTO

LAHORE: The Federal Tax Ombudsman (FTO) has held that reissuing show-cause notices after 19 years, without...

Published 27 Sep, 2024 06:26am

Business & Finance

Goods released without redemption fee payment: Customs department challenges adjudicating authority’s decision

LAHORE: The Customs department challenged its own adjudicating authority for releasing consignment without payment ...

Published 26 Sep, 2024 09:21am

Business & Finance

Tractor maker proves ‘application’ of SRO as mala fide of FBR

LAHORE: A tractor manufacturer has proved that the entire exercise of issuance of SRO No. 563 (I)/2022 dated...

Published 21 Sep, 2024 06:43am

Business & Finance

Tax dept fails to create additional demand on capital gains

LAHORE: The income tax department failed to create additional demand on account of capital gains in the wake of...

Published 17 Sep, 2024 06:33am

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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