News stories for Hamid Waleed - Business Recorder

Hamid Waleed

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

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

Construction sector: FBR may place incentives in Cabinet meeting today for final approval

The Federal Board of Revenue (FBR) has finalised the notification relating to incentives to the construction sector which is likely to be placed in the cabinet meeting on Tuesday (today) for a final approval, said official sources.

Published 07 Apr, 2020 12:00am

Pakistan

Construction sector: SRB proposes to adopt Punjab model for revival

While the Punjab government is fully geared up to serve the construction sector, the Sindh government is expecting more from the federal government and the Federal Board of Revenue (FBR) before implementing the same.

Published 05 Apr, 2020 12:00am

Business & Finance

Rs 18 billion tax relief: Stamp duty contributes more than any other tax category

Stamp duty contributes more than any other tax category in Rs18 billion tax relief announced by the government of Punjab. According to the official documents available with Business Recorder, the rate of stamp duty has been slashed heavily; incurring an i

Published 04 Apr, 2020 12:00am

FBR may hold back 30pc refunds to deal with false claims: tax experts

The Federal Board of Revenue (FBR) can hold back 30 percent refund claims to deal with the problem of false claims and release its 70 percent immediately, said tax experts.

Published 03 Apr, 2020 12:00am

Punjab government defers Rs 18 billion tax collection

In order to mitigate the impact of COVID-19, the Punjab government has deferred Rs18 billion provincial taxes for three months. According to the provincial tax authorities, a notification to defer the taxes has been issued in line with the decision of cab

Published 02 Apr, 2020 12:00am

Payment of bills: Mepco refuses to extend date despite ministry's directions

The Multan Electric Supply Company (Mepco) has refused to extend payment date of electricity bills to April 7, despite written directions by the Ministry of Energy issued last week.

Published 31 Mar, 2020 12:00am

Business & Finance

Government may exercise force majeure against IPPs, opine experts

The federal government can exercise the clause of force majeure against Independent Power Producers (IPPs) to pull the power sector out of pressure due to outbreak of COVID-19 in the country, said power sector experts.

Published 29 Mar, 2020 12:00am

Pakistan

Pakistan will touch absolute water scarcity line by 2025: study

Pakistan will touch the absolute water scarcity line by 2025 if population continues to grow at the present rate and continual stress on water resources remains unabated, said a research conducted by the Pakistan Council of Research in Water Resources (PC

Published 26 Mar, 2020 12:00am

Banks restrict entry of customers amidst corona fear

Most of the branches of leading banks restricted the entry of customers on Tuesday from a minimum of two to a maximum five to the bank at a time as a precautionary measures against the spread of coronavirus in the country.

Published 25 Mar, 2020 12:00am

Diamir-Bhasha Dam: Evaluation report contrary to PPRA, PEC rules

The evaluation report of Diamir Basha Dam (RBD) is contrary to Public Procurement Regulatory Authority (PPRA) and Pakistan Engineering Council (PEC) rules as no consultant of international repute for design review of the dam has been appointed before awar

Published 24 Mar, 2020 12:00am

Diamer-Bhasha Dam: Evaluation report contrary to PPRA, PEC rules

Published 24 Mar, 2020 12:00am

Coronavirus outbreak: 'Waiving off electricity bills not viable solution at all'

Waiving off the electricity bills of those earning Rs 25,000 per month or below due to the outbreak of coronavirus is not viable at all and the only possible way out is to delay the payment for certain period if someone comes with distress, said sources.

Published 22 Mar, 2020 12:00am

'Indus Water Treaty legalises theft of water by India'

The 1960 Indus Waters Treaty (IWT) was never meant to be a Pakistan-friendly treaty, and amounted to a little more than the legalization of the theft of water by India that legally belongs to Pakistan.

Published 21 Mar, 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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