News stories for Hamid Waleed - Business Recorder

Hamid Waleed

'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

Exportable goods: Domestic sales' documentation becomes hard nut to crack for FBR

Documentation of domestic sales of the exporting goods has become a hard nut to crack for the Federal Board of Revenue (FBR) as it invites the exporters' wrath on the one hand and gives birth to the false claimants of sales tax refunds on the other, said

Published 19 Mar, 2020 12:00am

Spread of coronavirus: RTO sees a drop in revenue from imports by 25 percent

The Regional Tax Office (RTO) has witnessed a drop in revenue generation from imports by 25 percent due to the spread of coronavirus worldwide, said sources.

Published 18 Mar, 2020 12:00am

Pakistan

'Power Division should restrict itself to policy implementation'

The ministry of power division should restrict itself to the policy implementation and empower the Pakistan Electric Power Company (PEPCO) to solve the power sector issues, said the power sector experts. The government should also make permanent appointme

Published 17 Mar, 2020 12:00am

Pakistan

POS Integration System: Registration of retailers not up to mark

Registration of tier-1 retailers under the Point of Sale (POS) Integration System of the Federal Board of Revenue (FBR) is not up to the mark due to the technical flaws, said sources.

Published 14 Mar, 2020 12:00am

Markets

Share of coal in power mix reaches 32 percent

Share of coal in power mix has reached 32 percent, as the coal based power generation went up by 72 percent YoY during January 2020 and the coal based generation was witnessed at 2,501 GWh during Jan '20, said sources.

Published 13 Mar, 2020 12:00am

Pakistan

Bilawal terms tax system full of corruption, flaws

Pakistan People's Party (PPP) Chairman Bilawal Bhutto Zardari said on Monday that the tax system in the country is full of corruption and flaws. The Pakistan Tehreek-e-Insaf (PTI) government has burdened a common man instead of taking corrective measures

Published 10 Mar, 2020 12:00am

Pakistan

Bilawal urges government to scrap anti-people deal with IMF

Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto has urged the government to scrap its anti-people deal with the International Monetary Fund (IMF) and renegotiate a pro-Pakistan deal.

Published 21 Feb, 2020 12:00am

Pakistan

Shamshad urges UNSG to appoint eminent person as envoy on Kashmir

Former Foreign Secretary Shamshad Ahmed Khan has proposed to approach the UN Secretary General for appointment of an eminent person of international standing like Bishop Desmond Tutu or President Jimmy Carter or President Mary Robinson as his special envo

Published 05 Feb, 2020 12:00am

Pakistan

Mushahid proposes inclusion of Palestine issue to OIC moot on Kashmir

Chairman of Senate Standing Committee on Foreign Affairs Senator Mushahid Hussain has proposed the inclusion of Palestine issue to the OIC conference on Kashmir in April in Islamabad. Also, he said Prime Minister of Pakistan, Prime Minister of Malaysia an

Published 02 Feb, 2020 12:00am

High cost of electricity undermines country's industrial growth

High cost of electricity has almost reduced the electricity consumption by the cottage industry by half in last five years, as the usage of B1 connections (meant for cottage industry) has come down to 278 million units in 2018-19 against 578 million units

Published 03 Jan, 2020 12:00am

Pakistan

Historic decisions being announced by courts: Bilawal

Pakistan People's Party Chairman Bilawal Bhutto said on Wednesday that historic decisions were being announced by courts in Pakistan and his political party was in full agreement with the process and the verdicts being issued by the judiciary for dissemin

Published 19 Dec, 2019 12:00am

FBR to refer deferred amounts of refunds claims to RTOs

The Federal Board of Revenue (FBR) has decided to refer all deferred amounts of refund claims to respective Regional Tax Offices (RTOs) for clearing after due diligence, said sources.

Published 08 Dec, 2019 12:00am

Pakistan

Zuckerberg holds AdAsia audience spellbound

The three-day AdAsia Lahore 2019 concluded here on Thursday, featuring some extraordinary international advertising industry figures including Randi Zuckerberg from Zuckerberg Media, Tom Goodwin from Zenith Media, Julian Boulding from thenetworkone, Edwar

Published 06 Dec, 2019 12:00am

Pakistan

Samina Baig gets standing ovation at AdAsia

Participants of AdAsia 2019 extended a standing ovation to Pakistani mountaineer Samina Khayal Baig on the second day of the gathering at Alhamra Art Council on Wednesday.

Published 05 Dec, 2019 12:00am

'Pepco defeats PM's export-led growth strategy'

Pakistan Electric Power Company (PEPCO) has defeated the export-led growth strategy of Prime Minister Imran Khan by denying the relief in tariff announced by the federal government for the months of Nov 2019 to Feb 2020, said sources.

Published 04 Dec, 2019 12:00am

Pakistan

3-day AdAsia 2019 opens in Lahore

The three-day 31st AdAsia 2019 opened at Alhamra Arts Council on Tuesday. The speakers of the inaugural session deliberated upon the opportunities and challenges of technology and communication in the new world. They said the AdAsia 2019 has turned into a

Published 04 Dec, 2019 12:00am

NJHPP may default if PPA not signed by CPPA-G

The Neelum Jhelum Hydropower Company (NJHPP) is likely to go into default after December because of the dilly-dallying attitude of Central Power Purchasing Agency Guarantee (CPPA-G) in signing power purchase agreement with NJHPP, said sources.

Published 27 Nov, 2019 12:00am

Sales tax not payable on subsidy received by Discos: expert

Sales Tax is not payable on the subsidy received by the power distribution companies (DISCOs) from the government, said leading tax expert Hussain Ahmad Sherazi.

Published 21 Nov, 2019 12:00am

Business & Finance

Cases for audit: FBR urged to consult relevant law

The tax experts have urged Chairman Federal Board of Revenue (FBR) Shabbar Zaidi to take notice of the practice of selecting cases for income tax audit in derogation of the exemption allowed in the law, terming it not only arbitrary and against the law, b

Updated 13 Nov, 2019 06:44am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 22	277.85
USD PKR Interbank Buying / Nov 22	277.65
USD to Japanese Yen / Nov 23	154.78
USD to Swiss Franc / Nov 23	0.89
Pound Sterling to USD / Nov 23	1.25
Euro to USD / Nov 23	1.04

Stock	Volume
S&P 500 / Nov 22	5,969.34
India Sensex / Nov 22	79,117.11
Tokyo Nikkei / Nov 22	38,283.85
Nasdaq / Nov 22	18,003.65
Hang Seng / Nov 22	19,229.97
FTSE 100 / Nov 22	8,262.08
Dow Jones / Nov 22	44,296.51
Germany DAX 30 / Nov 22	19,322.59

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 22	17,785
Gold 10 Grams PKR / Nov 22	240,483
Crude Oil USD/Barrel / Nov 23	71.24
Gold Spot USD/Ounce / Nov 23	2,716.19
Cotton US¢/pound / Nov 23	70.77
Petrol/Litre / Nov 24	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 24 786 Investments Limited(786)	6.82 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 24 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▼ 0.00 (0.00%)
Agro Allianz / Nov 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 24 Ali Asghar Textile Mills Limited(AATM)	70.89 ▼ 0.00 (0.00%)
Allied Bank / Nov 24 Allied Bank Limited(ABL)	120.21 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 24 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▼ 0.00 (0.00%)
Abson Ind. / Nov 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 24 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 24 786 Investments Limited(786)	6.82 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 24 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▲ 0.00 (0.00%)
Agro Allianz / Nov 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 24 Ali Asghar Textile Mills Limited(AATM)	70.89 ▲ 0.00 (0.00%)
Allied Bank / Nov 24 Allied Bank Limited(ABL)	120.21 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 24 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▲ 0.00 (0.00%)
Abson Ind. / Nov 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 24 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 24 Worldcall Telecom Limited(WTL)	177,135,830 ▲ 0.00
K-Electric Ltd. / Nov 24 K-Electric Limited(KEL)	124,131,268 ▲ 0.00
Hascol Petrol / Nov 24 Hascol Petroleum Limited(HASCOL)	105,013,176 ▲ 0.00
Fauji Foods Ltd / Nov 24 Fauji Foods Limited(FFL)	77,697,371 ▲ 0.00
Treet Battery / Nov 24 Treet Battery Limited(TBL)	43,783,366 ▲ 0.00
B.O.Punjab / Nov 24 The Bank of Punjab(BOP)	36,573,763 ▲ 0.00
Sui South Gas / Nov 24 Sui Southern Gas Company Limited(SSGC)	32,719,678 ▲ 0.00
PIA Holding Co.Ltd / Nov 24 PIA Holding Company Limited(PIAHCLA)	27,969,689 ▲ 0.00
Cnergyico PK / Nov 24 Cnergyico PK Limited(CNERGY)	25,874,820 ▲ 0.00

Markets →

Budget 2024-25: income tax calculator for FY25

Most Popular