News stories for Hamid Waleed - Business Recorder

Hamid Waleed

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

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

Diamer-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

Diamir-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

Business & Finance

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 6	279.23
USD PKR Interbank Buying / Feb 6	279.03
USD to Japanese Yen / Feb 6	153.25
USD to Swiss Franc / Feb 6	0.91
Pound Sterling to USD / Feb 6	1.24
Euro to USD / Feb 6	1.04
UK LIBOR % / Feb 6	4.96

Stock	Volume
S&P 500 / Feb 6	6,083.57
India Sensex / Feb 6	77,948.31
Tokyo Nikkei / Feb 6	38,815.94
Nasdaq / Feb 6	19,791.99
Hang Seng / Feb 6	21,210.86
FTSE 100 / Feb 6	8,727.28
Dow Jones / Feb 6	44,747.63
Germany DAX 30 / Feb 6	21,902.42
France CAC40 / Feb 6	8,007.62

Item	Value
Crude Oil USD/Barrel / Feb 6	70.80
Karachi Cotton PKR/37.32 KG / Feb 6	18,285
Gold 10 Grams PKR / Feb 6	256,087
Gold Spot USD/Ounce / Feb 6	2,868.39
Cotton US¢/pound / Feb 6	66.48
Petrol/Litre / Feb 7	257.13
Diesel/Litre / Feb 7	267.95

Gainers
Losers
Leaders

Stock	Price
Shaheen Ins. / Feb 7 Shaheen Insurance Company Limited(SHNI)	7.22 ▲ 1 (16.08%)
PICIC Ins.Ltd. / Feb 7 PICIC Insurance Limited(PIL)	2.43 ▲ 0.23 (10.45%)
Pak. P.V.C. / Feb 7 Pakistan PVC Limited(PPVC)	10.40 ▲ 0.98 (10.4%)
Imperial Limited / Feb 7 Imperial Limited(IML)	18.87 ▲ 1.72 (10.03%)
Shahtaj Sugar / Feb 7 Shahtaj Sugar Mills Limited(SHJS)	150.24 ▲ 13.66 (10%)
Sanghar Sugar / Feb 7 Sanghar Sugar Mills Limited(SANSM)	54.31 ▲ 4.92 (9.96%)
Trust Mod. / Feb 7 Trust Modaraba(TRSM)	3.93 ▲ 0.33 (9.17%)
Pak Gen.Ins. / Feb 7 The Pakistan General Insurance Co. Ltd.(PKGI)	9 ▲ 0.75 (9.09%)
Power Cem(Pref) / Feb 7 Power Cement (Pref)(POWERPS)	12 ▲ 1 (9.09%)
TPL Insurance / Feb 7 TPL Insurance Limited(TPLI)	10.39 ▲ 0.86 (9.02%)

Stock	Price
First Capital Equities / Feb 7 First Capital Equities Limited(FCEL)	5.10 ▼ -0.79 (-13.41%)
Leather Up Ltd. / Feb 7 Leather Up Limited(LEUL)	35.26 ▼ -3.92 (-10.01%)
AL-Abbas Sugar / Feb 7 Al-Abbas Sugar Mills Limited(AABS)	634.88 ▼ -70.54 (-10%)
Fateh Sports / Feb 7 Fateh Sports Wear Limited(FSWL)	85.50 ▼ -9.5 (-10%)
Kohinoor Power / Feb 7 Kohinoor Power Company Limited(KOHP)	6.52 ▼ -0.68 (-9.44%)
Pak Engineering / Feb 7 Pakistan Engineering Company Limited(PECO)	670.01 ▼ -50.71 (-7.04%)
Bela Auto / Feb 7 Bela Automotives Limited(BELA)	139 ▼ -10.13 (-6.79%)
Pak Leather / Feb 7 Pak Leather Crafts Limited(PAKL)	34 ▼ -2.3 (-6.34%)
Punjab Mod / Feb 7 First Punjab Modaraba(FPJM)	2.70 ▼ -0.18 (-6.25%)
Intermarket Securities / Feb 7 Intermarket Securities Limited(IMS)	50.90 ▼ -3.13 (-5.79%)

Stock	Volume
Silk Bank Ltd / Feb 7 Silkbank Limited(SILK)	119,523,297 ▼ -0.04
WorldCall Telecom / Feb 7 Worldcall Telecom Limited(WTL)	80,384,932 ▲ 0
Bank Makramah / Feb 7 Bank Makramah Limited(BML)	64,937,708 ▼ -0.01
B.O.Punjab / Feb 7 The Bank of Punjab(BOP)	17,199,644 ▼ -0.07
TRG Pak Ltd / Feb 7 TRG Pakistan Limited(TRG)	13,127,512 ▲ 0.44
Cnergyico PK / Feb 7 Cnergyico PK Limited(CNERGY)	12,104,269 ▼ -0.05
National Bank / Feb 7 National Bank of Pakistan(NBP)	10,980,621 ▲ 0.63
Fauji Foods Ltd / Feb 7 Fauji Foods Limited(FFL)	10,484,043 ▼ -0.03
The Searle Co. / Feb 7 The Searle Company Limited(SEARL)	10,207,814 ▲ 0.76
Citi Pharma Ltd / Feb 7 Citi Pharma Ltd.(CPHL)	9,959,309 ▼ -1.16

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