News stories for Hamid Waleed - Business Recorder

Hamid Waleed

Business & Finance

FBR digitalisation initiatives face challenges?

LAHORE: The Federal Board of Revenue’s (FBR) endeavours to enhance its digital capabilities are facing obstacles...

Published 07 Aug, 2024 06:49am

Business & Finance

Appellate Tribunal directs FBR to create conducive environment

LAHORE: An appellate tribunal has directed the Federal Bureau of Revenue (FBR) to guide officers towards its mission...

Published 06 Aug, 2024 06:40am

Business & Finance

LTO fails to deduct tax on transfer from CWIP to fixed assets

LAHORE: The Lahore Tax Office (LTO) failed to deduct tax on transfer from construction work in progress (CWIP) to...

Published 03 Aug, 2024 06:46am

Pakistan

Lahore hit by another record-breaking spell of rains

LAHORE: The city of Lahore witnessed another record-breaking spell of monsoon showers on Thursday, recording 350...

Updated 02 Aug, 2024 07:40am

Business & Finance

Telecom co ‘fails’ to prove deductible expenses exceeding its taxable income

LAHORE: A telecom company has failed to establish that its deductible expenses exceeded its taxable income, said...

Published 31 Jul, 2024 06:40am

Markets

Electricity demand during peak hours registers ‘zero growth’: experts

LAHORE: Demand for electricity during the peak hours has registered zero growth during the last three years due to...

Published 27 Jul, 2024 06:18am

Business & Finance

Tax dept fails to tax the amount transferred to WPPF

LAHORE: The tax department remained unsuccessful in taxing the amount transferred by a beverage company to Workers...

Published 25 Jul, 2024 06:24am

FBR extends scope of Tajir Dost Scheme to 42 cities

LAHORE: The Federal Board of Revenue (FBR) has extended scope of Tajir Dost scheme to 42 cities from six cities. The...

Updated 24 Jul, 2024 01:20pm

Pakistan

Customs fails to prove smuggling of local currency

LAHORE: The customs department has failed to establish smuggling of local currency to Afghanistan from a passenger ...

Published 23 Jul, 2024 08:29am

Pakistan

Monsoon currents

LAHORE: The very first strong monsoon currents of the season are likely to penetrate the Arabian Sea and Bay of...

Published 21 Jul, 2024 03:29am

Business & Finance

DAOs inform FTO: No guidelines for adjustment of taxes withheld from salaries

LAHROE: District Accounts Offices (DAOs) have informed the Federal Tax Ombudsman (FTO) that the FBR field formations...

Published 20 Jul, 2024 05:34am

Pakistan

No monsoon rains so far: PMD

LAHORE: Pakistan has witnessed no monsoon rains so far due to non-development of monsoon system in the Bay of ...

Published 19 Jul, 2024 06:58am

Exporters reject amendments in SRO 350(I)/2024

LAHORE: The exporters community has rejected amendments made to the SRO 350(I)/2024 dated 07-03-2024, treating their...

Updated 17 Jul, 2024 08:50am

Pakistan

WASA makes wrong claim of record-breaking rain in Lahore

LAHORE: The Water and Sanitation Agency (WASA) has made a wrong claim of recent record-breaking rain in the city of...

Published 16 Jul, 2024 06:53am

FBR amends ST Act to harmonise it with IT law

LAHORE: The Federal Board of Revenue (FBR) has introduced amendments to the Sales Tax Act to harmonise it with...

Updated 14 Jul, 2024 09:38am

Business & Finance

Tax dept can’t reject advance tax estimates filed by taxpayer

LAHORE: A taxpayer company has challenged unwarranted recovery of advance tax by the tax department, saying that the...

Published 11 Jul, 2024 06:13am

Property deals, salaries, car purchase: FBR notifies change in WHT provisions

New category of late filers has been introduced for persons who are appearing on ATL but have not filed return by the extended due date

Updated 10 Jul, 2024 10:24am

Business & Finance

Since transactions done thru banking channel the same cannot be termed ‘fictitious’: appellate forum

LAHORE: A tax officer has failed to prove advance against shares as fictitious transactions transacted through...

Published 09 Jul, 2024 06:39am

Markets

LESCO summons meeting of ‘truncated’ BoD

LAHORE: In order to circumvent full scrutiny by its Board of Directors (BoD), the Lahore Electric Supply Company...

Published 06 Jul, 2024 06:48am

Business & Finance

Taxpayers challenge random selection of returns for audit

LAHORE: Taxpayers from sugar industry have challenged the power of Commissioner Inland Revenue (CIR) to make a ...

Published 05 Jul, 2024 03:17am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 3	278.07
USD PKR Interbank Buying / Dec 3	277.87
USD to Japanese Yen / Dec 3	149.51
USD to Swiss Franc / Dec 3	0.89
Pound Sterling to USD / Dec 3	1.27
Euro to USD / Dec 3	1.05

Stock	Volume
S&P 500 / Dec 3	6,049.87
India Sensex / Dec 3	80,845.75
Tokyo Nikkei / Dec 3	39,248.86
Nasdaq / Dec 3	19,480.91
Hang Seng / Dec 3	19,746.32
FTSE 100 / Dec 3	8,359.41
Dow Jones / Dec 3	44,705.53
Germany DAX 30 / Dec 3	20,016.75

Item	Value
Gold 10 Grams PKR / Dec 2	235,340
Crude Oil USD/Barrel / Dec 3	69.96
Karachi Cotton PKR/37.32 KG / Dec 3	17,685
Gold Spot USD/Ounce / Dec 3	2,664.60
Cotton US¢/pound / Dec 3	71.27
Petrol/Litre / Dec 4	252.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Dec 4 786 Investments Limited(786)	7.37 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Dec 4 Al-Abbas Sugar Mills Limited(AABS)	627.86 ▼ 0.00 (0.00%)
Agro Allianz / Dec 4 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Dec 4 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Dec 4 Ali Asghar Textile Mills Limited(AATM)	68.40 ▼ 0.00 (0.00%)
Allied Bank / Dec 4 Allied Bank Limited(ABL)	150.94 ▼ 0.00 (0.00%)
Abbott Lab. / Dec 4 Abbott Laboratories (Pakistan) Limited(ABOT)	1,123.10 ▼ 0.00 (0.00%)
Abson Ind. / Dec 4 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Dec 4 Alfalah Consumer Index ETF.(ACIETF)	13.47 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Dec 4 786 Investments Limited(786)	7.37 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Dec 4 Al-Abbas Sugar Mills Limited(AABS)	627.86 ▲ 0.00 (0.00%)
Agro Allianz / Dec 4 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Dec 4 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Dec 4 Ali Asghar Textile Mills Limited(AATM)	68.40 ▲ 0.00 (0.00%)
Allied Bank / Dec 4 Allied Bank Limited(ABL)	150.94 ▲ 0.00 (0.00%)
Abbott Lab. / Dec 4 Abbott Laboratories (Pakistan) Limited(ABOT)	1,123.10 ▲ 0.00 (0.00%)
Abson Ind. / Dec 4 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Dec 4 Alfalah Consumer Index ETF.(ACIETF)	13.47 ▲ 0.00 (0.00%)

Stock	Volume
Cnergyico PK / Dec 4 Cnergyico PK Limited(CNERGY)	246,707,903 ▲ 0.00
WorldCall Telecom / Dec 4 Worldcall Telecom Limited(WTL)	89,419,070 ▲ 0.00
Hascol Petrol / Dec 4 Hascol Petroleum Limited(HASCOL)	87,024,698 ▲ 0.00
Pak Elektron / Dec 4 Pak Elektron Limited(PAEL)	67,806,935 ▲ 0.00
Sui South Gas / Dec 4 Sui Southern Gas Company Limited(SSGC)	61,811,720 ▲ 0.00
Power Cement / Dec 4 Power Cement Limited(POWER)	58,501,362 ▲ 0.00
K-Electric Ltd. / Dec 4 K-Electric Limited(KEL)	56,938,645 ▲ 0.00
Pak Int.Bulk / Dec 4 Pakistan International Bulk Terminal(PIBTL)	56,115,997 ▲ 0.00
Pak Refinery / Dec 4 Pakistan Refinery Limited(PRL)	55,870,990 ▲ 0.00

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