News stories for Hamid Waleed - Business Recorder

Hamid Waleed

Idea of promissory notes may lead to filing of fake refund claims: experts

The idea of issuing promissory notes against refund claims of the exporting industry may lead to a scandalous situation that the beneficiaries have received it after filing a fake claim in connivance with the Federal Board of Revenue (FBR) staff, said tax

Published 10 Feb, 2019 12:00am

$1 billion ADB-funded tender for smart meters: Domestic metering industry feels threat to its business

The domestic metering industry is up in arms against the ministry of power division's move of floating $1 billion Asian Development Bank-funded tender for smart metering project, saying it will kill the local meter industry.

Published 09 Feb, 2019 12:00am

Transfers and postings in SLIC irk employees

A latest transfers and postings order has irked employees at the State Life Insurance Corporation as they believe that the said order has been issued while keeping chairman of the Corporation into dark about the officers who benefited from it.

Published 08 Feb, 2019 12:00am

'FBR intelligensia not fair with government on reform agenda'

The Federal Board of Revenue (FBR) intelligensia is not fair with the government on its reform agenda, said the Board sources. "The FBR intelligensia is not in favour of reforms and managing status quo through bureaucratic tactics," they said, adding: "Th

Published 25 Jan, 2019 12:00am

'Corporate sector least bothered about tax reforms'

The corporate sector is least bothered about tax reforms, to be introduced by the government, and manages tax avoidance with the help of experienced teams of Chartered Accountants and tax practitioners, said sources. Official sources from the regional off

Published 24 Jan, 2019 12:00am

JV for Rs 309 billion Mohmand dam: Financial evaluation of Descon-China Gezhouba under way: Wapda

The Water and Power Development Authority (Wapda) is conducting technical evaluation of the financial bid of Descon-China Gezhouba joint venture for Rs 309 billion Mohmand Dam in order to materialize mobilization of contractors to the site next month, sai

Published 23 Jan, 2019 12:00am

Mechanism for auditing late filers proves hard nut to crack for FBR

Mechanism for automatic selection of late filers of tax returns for audit is proving a hard nut to crack for the field staff of Federal Board of Revenue (FBR) as the taxpayers are facing complications even after the introduction of section 214E in the Inc

Published 18 Jan, 2019 12:00am

China shares customs shipment data with Pakistan: FPCCI

For the first time China has shared data of customs shipments with Pakistan, said senior vice president Federation of Pakistan Chambers of Commerce & Industry (FPCCI) Dr Mirza Ikhtiar Baig. "Federal Finance Minister Asad Umar has told me during his recent

Published 16 Jan, 2019 12:00am

Amnesty scheme, non-filers: FBR's notice to beneficiaries slow down business activities

The Federal Board of Revenue (FBR) notices to the beneficiaries of amnesty scheme and also to the non-filers paying withholding tax against their transactions has slowed down the business activity in major cities of the province, said business community s

Published 11 Jan, 2019 12:00am

Regular Member (Water), Member (Power): no appointment made in Wapda in last two years

No appointment of regular member (Water) and member (Power) has been made in the Water and Power Development Authority (WAPDA) since last two years, said sources. "The WAPDA has neither a regular member (Water) since last two years nor a regular member (P

Published 05 Jan, 2019 12:00am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 18	278.10
USD PKR Interbank Buying / Sep 18	277.90
USD to Japanese Yen / Sep 18	141.35
USD to Swiss Franc / Sep 18	0.85
Pound Sterling to USD / Sep 18	1.32
Euro to USD / Sep 18	1.11

Stock	Volume
S&P 500 / Sep 16	5,633.09
Nasdaq / Sep 16	17,592.13
Dow Jones / Sep 16	41,622.08
India Sensex / Sep 18	83,243.51
Tokyo Nikkei / Sep 18	36,194.62
Hang Seng / Sep 18	17,660.02
FTSE 100 / Sep 18	8,272.52
Germany DAX 30 / Sep 18	18,716.28

Item	Value
Karachi Cotton PKR/37.32 KG / Sep 16	18,935
Crude Oil USD/Barrel / Sep 18	70.77
Gold 10 Grams PKR / Sep 18	229,510
Gold Spot USD/Ounce / Sep 18	2,566.05
Cotton US¢/pound / Sep 18	72.30
Petrol/Litre / Sep 19	249.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Sep 19 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Sep 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Sep 19 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Sep 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Sep 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Sep 19 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Sep 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Sep 19 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Sep 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Sep 19 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Sep 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Sep 19 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Sep 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Sep 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Sep 19 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Sep 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Sep 19 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Sep 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Sep 19 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Sep 19 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Sep 19 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Sep 19 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Sep 19 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Sep 19 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Sep 19 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Sep 19 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Sep 19 Telecard Limited(TELE)	12,358,668 ▲ 0.00