News stories for Hamid Waleed - Business Recorder

Hamid Waleed

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

Business & Finance

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

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

Refund claims: FBR directs completion of processing before 20th

The Federal Board of Revenue (FBR) has directed all the chief commissioners, Inland Revenue, to complete processing of the refunds claims before 20th April 2020 in view of the sensitivity of COVID19 relief package implementation, says a notification avail

Published 17 Apr, 2020 12:00am

Pakistan

Dr Pasha proposes withdrawal of tax exemptions to IPPs

Dr Hafiz A Pasha, a leading economist, has proposed an immediate withdrawal of tax exemptions to the Independent Power Producers (IPPs).

Published 16 Apr, 2020 12:00am

Coronavirus spread: Insurance companies relax premium payments

To meet the challenge of managing businesses amidst the coronavirus spread, leading insurance companies have started providing relaxation in premium contribution/payment. Also, some of them are offering added benefits on account of COVID-19 against the ac

Published 15 Apr, 2020 12:00am

Deadline for online integration set to extend for fourth time

Deadline for online integration of tier-1 retailers' point of sale (POS) with the computerized system of Federal Board of Revenue (FBR) is set to extend for the fourth time, said reliable sources in the FBR.

Published 14 Apr, 2020 12:00am

Budget 2020-21: There is no room for additional taxation: Pasha

There is no room for additional taxation in the next budget as an additional taxation of Rs735 billion in the current budget has already ruined the economy, said renowned economist Dr Hafiz Pasha.

Published 12 Apr, 2020 12:00am

Pakistan

'Construction relief package toothless unless extended to real estate as a whole'

The housing sector will not be able to reap the true benefits of a relief package for the construction sector, as the amnesty of non-disclosure of investment has not been extended to the real estate as a whole, said tax experts.

Published 10 Apr, 2020 12:00am

Business & Finance

Electricity demand may reduce by 30pc if impact of Covid-19 continues: PEPCO

Electricity demand may go down by 25-30 percent if the economic downturn and corona impact continues, said Pakistan Electric Power Company (PEPCO) sources.

Published 08 Apr, 2020 12:00am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 27	278.47
USD PKR Interbank Buying / Dec 27	278.22
USD to Japanese Yen / Dec 27	157.87
USD to Swiss Franc / Dec 27	0.90
Pound Sterling to USD / Dec 27	1.26
Euro to USD / Dec 27	1.04

Stock	Volume
S&P 500 / Dec 27	5,970.84
India Sensex / Dec 27	78,699.07
Tokyo Nikkei / Dec 27	40,281.16
Nasdaq / Dec 27	19,238.48
Hang Seng / Dec 27	20,090.46
FTSE 100 / Dec 27	8,149.78
Dow Jones / Dec 27	42,992.21
Germany DAX 30 / Dec 27	19,984.32

Item	Value
Crude Oil USD/Barrel / Dec 27	70.60
Gold 10 Grams PKR / Dec 27	234,225
Gold Spot USD/Ounce / Dec 27	2,621.40
Cotton US¢/pound / Dec 27	68.89
Petrol/Litre / Dec 28	252.10
Karachi Cotton PKR/37.32 KG / Dec 28	17,785

Gainers
Losers
Leaders

Stock	Price
First Capital Equities / Dec 27 First Capital Equities Limited(FCEL)	6.10 ▲ 1.00 (19.61%)
Chenab Ltd (Pref) / Dec 27 Chenab Limited (Pref)(CLCPS)	4.50 ▲ 0.60 (15.38%)
Sec. Inv. Bank / Dec 27 Security Investment Bank Limited(SIBL)	7.99 ▲ 1.00 (14.31%)
786 Invest Ltd / Dec 27 786 Investments Limited(786)	8.15 ▲ 1.00 (13.99%)
Chenab Ltd / Dec 27 Chenab Limited(CHBL)	9.61 ▲ 1.00 (11.61%)
Next Capital / Dec 27 Next Capital Limited(NEXT)	10.90 ▲ 1.00 (10.10%)
Image Pakistan / Dec 27 Image Pakistan Limited(IMAGE)	20.31 ▲ 1.85 (10.02%)
Baba Farid Sugar / Dec 27 Baba Farid Sugar Mills Limited(BAFS)	53.08 ▲ 4.83 (10.01%)
Biafo Ind. / Dec 27 Biafo Industries Limited(BIFO)	208.88 ▲ 18.99 (10.00%)

Stock	Price
Burj Clean Energy Modaraba / Dec 27 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	8.10 ▼ -1.00 (-10.99%)
Blue-Ex Ltd / Dec 27 Blue-Ex Limited (GEM)(GEMBLUEX)	40.15 ▼ -4.46 (-10.00%)
Al-Khair Gadoon / Dec 27 Al-Khair Gadoon Limited(AKGL)	41.71 ▼ -4.63 (-9.99%)
Leiner Pak Gelat / Dec 27 Leiner Pak Gelatine Limited(LPGL)	131 ▼ -14.19 (-9.77%)
Jauharabad Sug / Dec 27 Jauharabad Sugar Mills Limited(JSML)	21 ▼ -2.10 (-9.09%)
Aruj Industries / Dec 27 Aruj Industries Limited(ARUJ)	8.62 ▼ -0.86 (-9.07%)
First Imrooz Mod. / Dec 27 First Imrooz Modaraba(FIMM)	200.20 ▼ -19.80 (-9.00%)
MithchellsFruit / Dec 27 Mitchells Fruit Farms Limited(MFFL)	243 ▼ -23.05 (-8.66%)
Grays Leasing / Dec 27 Grays Leasing Limited(GRYL)	5.71 ▼ -0.48 (-7.75%)

Stock	Volume
Fauji Foods Ltd / Dec 27 Fauji Foods Limited(FFL)	104,369,036 ▲ 0.78
WorldCall Telecom / Dec 27 Worldcall Telecom Limited(WTL)	72,731,608 ▲ 0.00
TRG Pak Ltd / Dec 27 TRG Pakistan Limited(TRG)	46,907,628 ▲ 1.54
Cnergyico PK / Dec 27 Cnergyico PK Limited(CNERGY)	40,110,243 ▲ 0.30
Hascol Petrol / Dec 27 Hascol Petroleum Limited(HASCOL)	34,416,789 ▲ 0.06
B.O.Punjab / Dec 27 The Bank of Punjab(BOP)	30,318,392 ▲ 0.04
Ghani Chem. Ind. / Dec 27 Ghani Chemical Industries Limited(GCIL)	26,183,062 ▲ 0.50
Sui South Gas / Dec 27 Sui Southern Gas Company Limited(SSGC)	25,823,481 ▲ 3.11
Silk Bank Ltd / Dec 27 Silkbank Limited(SILK)	25,520,925 ▼ -0.08

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