News stories for Hamid Waleed - Business Recorder

Hamid Waleed

Former ZTBL president for revival of KSSL, AZS

The State Bank of Pakistan (SBP) should ask the Zarai Taraqiati Bank Ltd (ZTBL) to revive Awami Zarai Scheme (AZS), reactivate Kissan Support Services Ltd (KSSL) and pursue the commercial banks through penalties to disburse agricultural credit to farmers.

Published 17 May, 2020 12:03am

Industrial activity: Power sector revenue drops by 67 percent?

Power sector revenue has dropped by 67 percent in terms of industrial activity during lockdown due to Coronavirus in the country, said Pakistan Electric Power Company (PEPCO) sources.

Published 16 May, 2020 12:07am

No major change in tax rates likely during next fiscal year

No major change in tax rates is expected during the next fiscal budget as there is a general understanding in the Federal Board of Revenue (FBR) that any change would lead to unnecessary hue and cry on the part of taxpayers, said the Board sources.

Published 15 May, 2020 12:05am

'Unity in diversity' basic theme of 18th Amendment: Pasha

'Unity in diversity' is the fundamental theme of the 18th Amendment, which means that the federating units should be given those responsibilities which they are able to perform, said renowned economist and former finance minister Dr Hafiz A Pasha.

Published 14 May, 2020 12:04am

Pakistan

Technical deficiencies of PRAL affecting FBR's IT systems

The Pakistan Revenue Automation Ltd (PRAL) has many technical deficiencies hindering its progress on development of effective IT systems for the Federal Board of Revenue (FBR), said the Board sources.

Published 12 May, 2020 12:06am

Payment of wages: SBP may enhance limit of loans from Rs 500 million to Rs 1 billion

The State Bank of Pakistan (SBP) is likely to enhance the limit against loans from Rs500 million to Rs1 billion to finance three-month wages, said reliable banking industry sources. The central bank is also considering to waive off the condition of 'no la

Published 10 May, 2020 12:02am

Government may issue infrastructure bonds: expert

The federal government can issue infrastructure bonds and municipal bonds for development projects to boost economic activity and mitigate the impact of Covid-19 spread.

Published 09 May, 2020 12:06am

Government to provide cash flow assistance to MSMEs in three areas

The federal government is planning to provide cash flow assistance to Micro, Small & Medium Enterprises (MSMEs) in three types of areas - loss of investment, fixed assets and clearance of pending payments to restart businesses.

Published 08 May, 2020 12:05am

Markets

Concealment of billions detected under garb of agriculture income

Massive concealment of billions of rupees has been detected under the garb of agriculture income where influential individuals have neither declared income nor paid tax to the provincial authorities, said Federal Board of Revenue (FBR) sources.

Published 07 May, 2020 12:02am

Pakistan

Government set to finalize cash flow support plan for MSMEs

The federal government is set to finalize cash flow support plan for micro, small & medium enterprises (MSMEs) to disburse Rs 300 billion including Rs 12000 per head cash transfer to six million daily wagers, payment of six months electricity bills, and r

Published 06 May, 2020 12:04am

Experts call for 80 percent power generation through alternative renewables

Pakistan would be failed as a nation in the next 27 years if it does not generate 80% of its energy demand from the alternative renewables including hydel, solar, wind, and biomass.

Published 05 May, 2020 12:06am

Pandemic exposes banks to credit risk, cyber security threat management: report

The corona pandemic has exposed banks in Pakistan to various challenges including muted credit risk increase, reduced fee income due to slowdown in economic activity, branch closures and cyber security threat management, revealed the quarterly report of M

Published 03 May, 2020 12:05am

'Solar power generation shouldn't be part of national grid'

Solar power generation should not be part of the national grid. Instead, it should be community-based and managed at the local level. Also, this is high time to opt for solar energy because solar power equipment has become quite cheap thus reducing the co

Published 01 May, 2020 12:54am

Loan defaulters trying their luck?

Defaulters of bank loans are said to be trying their luck by applying for rescheduling of loans under the State Bank of Pakistan (SBP) scheme for rescheduling of loans due to the Coronavirus pandemic.

Published 30 Apr, 2020 12:07am

Tax concessions add up to Rs 1,000 billion due to state capture by elite: Dr Pasha

The tax concessions alone add up to over Rs1,000 billion, equivalent to almost 25 percent of the actual revenue collection, due to the state capture by the elite that is persistent and pervasive in character.

Published 28 Apr, 2020 12:54am

Rescheduling of loans: Mailboxes of banks unable to handle massive applications

Mailboxes of leading banks are unable to handle massive applications for restricting/rescheduling of loans in the wake of coronavirus spread in the country.

Updated 26 Apr, 2020 04:45am

Pakistan

'Role of IPPs to be finally capped below 10pc of power mix'

The Independent Power Producers' (IPPs) role is to be finally capped below 10 percent of the power mix and they have to compete for tariffs with the public sector, a model already being used in the developed world.

Published 24 Apr, 2020 02:52am

Pakistan

PEPCO sources claim: With little rehabilitation, GENCOs are capable of providing energy

The public sector plants of Generation Companies (GENCOs), presently put on standby, are capable of providing energy according to the system's demand with very little investment on their rehabilitation, said reliable sources from Pakistan Electric Power C

Published 23 Apr, 2020 02:53am

Haq proposes 10 percent income tax rate for all entities, 20 percent for companies

A simple and flat income tax rate of 10 percent for all entities and 20 percent for companies can achieve fairness in the taxation system of Pakistan, said renowned tax expert Dr Ikramul Haq.

Published 21 Apr, 2020 03:03am

Business & Finance

Zero-rated consumers: DISCOs charge GST, WHT instead of special tariff

The power distribution companies (DISCOs) have charged general sales tax (GST) and withholding tax (WHT) on the basis of notified tariff instead of special tariff for zero-rated industrial consumers for the month of March.

Published 19 Apr, 2020 12:00am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 21	278.16
USD PKR Interbank Buying / Nov 21	277.96
USD to Japanese Yen / Nov 21	154.53
USD to Swiss Franc / Nov 21	0.89
Pound Sterling to USD / Nov 21	1.26
Euro to USD / Nov 21	1.05

Stock	Volume
S&P 500 / Nov 21	5,948.71
India Sensex / Nov 21	77,155.79
Tokyo Nikkei / Nov 21	38,026.17
Nasdaq / Nov 21	18,972.42
Hang Seng / Nov 21	19,601.11
FTSE 100 / Nov 21	8,149.27
Dow Jones / Nov 21	43,870.35
Germany DAX 30 / Nov 21	19,146.17

Item	Value
Crude Oil USD/Barrel / Nov 21	70.18
Karachi Cotton PKR/37.32 KG / Nov 21	17,785
Gold 10 Grams PKR / Nov 21	238,340
Gold Spot USD/Ounce / Nov 21	2,669.46
Cotton US¢/pound / Nov 21	70.43
Petrol/Litre / Nov 22	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 22 786 Investments Limited(786)	7.11 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 22 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▼ 0.00 (0.00%)
Agro Allianz / Nov 22 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 22 Ali Asghar Textile Mills Limited(AATM)	63.60 ▼ 0.00 (0.00%)
Allied Bank / Nov 22 Allied Bank Limited(ABL)	114.42 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 22 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▼ 0.00 (0.00%)
Abson Ind. / Nov 22 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 22 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 22 786 Investments Limited(786)	7.11 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 22 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▲ 0.00 (0.00%)
Agro Allianz / Nov 22 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 22 Ali Asghar Textile Mills Limited(AATM)	63.60 ▲ 0.00 (0.00%)
Allied Bank / Nov 22 Allied Bank Limited(ABL)	114.42 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 22 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▲ 0.00 (0.00%)
Abson Ind. / Nov 22 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 22 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Nov 22 K-Electric Limited(KEL)	174,389,145 ▲ 0.00
Hascol Petrol / Nov 22 Hascol Petroleum Limited(HASCOL)	63,973,243 ▲ 0.00
Kohinoor Spining / Nov 22 Kohinoor Spinning Mills Limited(KOSM)	62,996,737 ▲ 0.00
Aisha Steel Mill / Nov 22 Aisha Steel Mills Limited(ASL)	48,137,561 ▲ 0.00
Waves Home Appliances / Nov 22 Waves Home Appliances Limited(WAVESAPP)	43,506,391 ▲ 0.00
Lotte Chemical / Nov 22 Lotte Chemical Pakistan Limited(LOTCHEM)	40,852,960 ▲ 0.00
Telecard Limited / Nov 22 Telecard Limited(TELE)	36,937,252 ▲ 0.00
Cnergyico PK / Nov 22 Cnergyico PK Limited(CNERGY)	31,401,025 ▲ 0.00
WorldCall Telecom / Nov 22 Worldcall Telecom Limited(WTL)	31,346,592 ▲ 0.00

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