News stories for Hamid Waleed - Business Recorder

Hamid Waleed

Punjab government adopts aggressive resource mobilisation strategy for FY 2019-20

In a major break from the past, the Punjab government has adopted an aggressive resource mobilization strategy for next financial year. Revenue mobilization measures proposed in the budget include proposal for revision in the rates of land based Agricultu

Published 15 Jun, 2019 12:00am

Markets

'Assets declaration scheme likely to get encouraging response'

The focal person of assets declaration scheme at the Corporate Regional Tax Office (CRTO) Lahore, Jamshaid Fakhri Dahir, said on Wednesday that he was receiving more queries about the scheme comparing with the last amnesty scheme announced by the PML-N go

Published 13 Jun, 2019 12:00am

Wholesalers, distributors & retailers for rationalisation of WHT

Wholesalers, distributors and retailers have expressed their disappointment with the approach of newly-appointed Chairman Federal Board of Revenue (FBR) Syed Shabbar Zaidi, saying that he was making no sincere efforts in rationalizing taxes despite having

Published 31 May, 2019 12:00am

Government mulls tax relief withdrawal today

The federal government is set to ponder over the possibility of withdrawal of the zero-rating regime from five exporting industries in order to ensure over Rs 50 billion sales tax on domestic sales, said sources. They said the federal finance minister Abd

Published 28 May, 2019 12:00am

Markets

Member Customs evolves strategy to maximise revenue collection

Member Customs (Operations) Dr Jawwad Uwais Agha has concluded marathon sessions with Chief Collector and Collectors of the Central Region (Lahore Appraisement & Preventive, Faisalabad and Multan) of Pakistan Customs to analyze the performance in terms of

Published 26 May, 2019 12:00am

Nepra flouts time frame of Discos quarterly adjustments

The National Electric Power Regulatory Authority (Nepra) has violated its own rules while considering the requests of quarterly adjustments of distribution companies (Discos) on account of variation in Power Purchase Price (PPP) for the quarter July to Se

Published 19 May, 2019 12:00am

Power sector: Experts term Rs 960.55 million revenue requirement by CPPA-G unjustified

The power sector experts have objected to a petition of Central Power Purchase Agency-Guarantee (CPPA-G) for determination of its Market Operation Fee for the fiscal year 2018-19, saying that the revenue requirement of Rs 960.55 million of CPPA-G for the

Published 15 May, 2019 12:00am

Industries exempted from load-shedding during Ramazan

The industry circles have taken a sigh of relief, as for the first time over the last 10 years there was zero loadshedding on independent feeders at the advent of Ramazan. According to spokesperson of Power Division, demand for electricity stood at 19967

Published 08 May, 2019 12:00am

Tax experts laud FBR's idea of fixed tax

Tax experts have lauded the idea of fixed tax introduced by the Federal Board of Revenue (FBR), saying that taxpayers would like to avail it as they would get rid of the harassment as a result of raids by the field staff of FBR. The idea of fixed tax woul

Published 05 Apr, 2019 12:00am

IR Lahore recovers Rs 620 million from single taxpayer

The Directorate of Intelligence and Investigation, Inland Revenue, Federal Board of Revenue (FBR), Lahore has recovered the largest admitted tax payment of Rs620 million from a single tax payer during the current financial year in any directorate of the F

Published 03 Apr, 2019 12:00am

Mohmand Dam: Wapda awards contract to CGGC-Descon JV

Following the World Water Day celebrated last week, the Pakistan Water and Power Development Authority (WAPDA) took a giant leap forward for development of precious water resources in the country by awarding on Tuesday the delayed-for-decade contract for

Published 27 Mar, 2019 12:00am

Mohmand Dam: Wapda awards contract to CGGC-Descon JV

Published 27 Mar, 2019 12:00am

Mohmand Dam: Wapda awards contract to CGGC-Descon JV

Published 27 Mar, 2019 12:00am

Tax officials for evaluating performance of LTUs

The performance evaluation of the Large Taxpayer Units (LTUs) had become due in order to assess its merits and demerits to the tax machinery, said tax officials. While requesting anonymity, they said this is right time to evaluate the performance of LTUs

Published 24 Mar, 2019 12:00am

Tax shortfall may reach Rs 1 trillion

Tax officials at the Regional Tax Office have apprehended that tax shortfall may reach to one trillion rupees by the end of current fiscal year. It will still be around Rs700 billion even if the government makes efforts to control the shortfall, they said

Published 23 Mar, 2019 12:00am

'Mian Sahib is upholding his principles': Bilawal

Pakistan People's Party (PPP) Chairman Bilawal Bhutto Zardari on Monday said that he got no impression of a deal made for the incarcerated former premier to leave the country. Bilawal was talking to media after a meeting with Nawaz Sharif at Kot Lakhpat j

Published 12 Mar, 2019 12:00am

'Mian Sahib is upholding his principles': Bilawal

Published 12 Mar, 2019 12:00am

'New tax authority': FBR officers express mixed reaction

Officers at the Regional Tax Office (RTO) of the Federal Board of Revenue (FBR) have expressed a mixed reaction over the statement of Prime Minister Imran Khan that he might create a new tax authority if the FBR fails to achieve revenue targets.

Published 09 Mar, 2019 12:00am

'New tax authority': FBR officers express mixed reaction

Published 09 Mar, 2019 12:00am

No major breakthrough likely in revenue generation in current fiscal year

No major breakthrough in revenue generation is expected during the current fiscal, said well-placed sources at the Regional Tax Office (RTO) of the Federal Board of Revenue (FBR). "It would be a big achievement even if it increased by 3 to 4 percent compa

Published 08 Mar, 2019 12:00am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 30	279.17
USD PKR Interbank Buying / Jan 30	278.97
USD to Japanese Yen / Jan 30	154.32
USD to Swiss Franc / Jan 30	0.91
Pound Sterling to USD / Jan 30	1.24
Euro to USD / Jan 30	1.04

Stock	Volume
S&P 500 / Jan 30	6,071.17
India Sensex / Jan 30	76,759.81
Tokyo Nikkei / Jan 30	39,513.97
Nasdaq / Jan 30	19,681.75
Hang Seng / Jan 30	20,225.11
FTSE 100 / Jan 30	8,646.88
Dow Jones / Jan 30	44,882.13
Germany DAX 30 / Jan 30	21,727.20

Item	Value
Crude Oil USD/Barrel / Jan 30	72.99
Karachi Cotton PKR/37.32 KG / Jan 30	18,285
Gold 10 Grams PKR / Jan 30	248,885
Gold Spot USD/Ounce / Jan 30	2,849.50
Cotton US¢/pound / Jan 30	66.27
Petrol/Litre / Jan 31	256.13

Gainers
Losers
Leaders

Stock	Price
Chenab Ltd / Jan 30 Chenab Limited(CHBL)	9.08 ▲ 1 (12.38%)
Kohinoor Ind. / Jan 30 Kohinoor Industries Limited(KOIL)	9.26 ▲ 1 (12.11%)
PICIC Ins.Ltd. / Jan 30 PICIC Insurance Limited(PIL)	2.52 ▲ 0.23 (10.04%)
Redco Textile / Jan 30 Redco Textiles Limited(REDCO)	21.97 ▲ 2 (10.02%)
Sana Ind / Jan 30 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
I.C.C. Ind. / Jan 30 ICC Industries Limited(ICCI)	14.29 ▲ 1.3 (10.01%)
Ashfaq Textile / Jan 30 Ashfaq Textile Mills Limited(ASHT)	17.48 ▲ 1.59 (10.01%)
Ahmad Hassan / Jan 30 Ahmad Hassan Textile Mills Limited(AHTM)	59.90 ▲ 5.45 (10.01%)
Atlas Honda Ltd / Jan 30 Atlas Honda Limited(ATLH)	873.29 ▲ 79.39 (10%)

Stock	Price
Tariq Corp.Pref. / Jan 30 Tariq Corporation Limited-Preference Shares(TCORPCPS)	6.91 ▼ -0.97 (-12.31%)
First Capital Equities / Jan 30 First Capital Equities Limited(FCEL)	5.21 ▼ -0.68 (-11.54%)
National Silk / Jan 30 The National Silk & Rayon Mills Limited(NSRM)	45.35 ▼ -5.04 (-10%)
Blue-Ex Ltd / Jan 30 Blue-Ex Limited (GEM)(GEMBLUEX)	55.40 ▼ -6.15 (-9.99%)
Kohat Textile / Jan 30 Kohat Textile Mills Limited(KOHTM)	32 ▼ -3.13 (-8.91%)
Hussain Industries / Jan 30 Husein Industries Limited(HUSI)	26.41 ▼ -2.45 (-8.49%)
Trust Sec.& Brok. / Jan 30 Trust Securities & Brokerage Limited(TSBL)	13.60 ▼ -1.14 (-7.73%)
JS Investments / Jan 30 JS Investments Limited(JSIL)	21.02 ▼ -1.74 (-7.64%)
Universal Ins. / Jan 30 The Universal Insurance Company Limited(UVIC)	9.13 ▼ -0.67 (-6.84%)

Stock	Volume
Sui South Gas / Jan 30 Sui Southern Gas Company Limited(SSGC)	48,078,930 ▲ 2.48
Waves Home Appliances / Jan 30 Waves Home Appliances Limited(WAVESAPP)	33,126,010 ▲ 1.16
Bank Makramah / Jan 30 Bank Makramah Limited(BML)	31,438,642 ▲ 0.23
Cnergyico PK / Jan 30 Cnergyico PK Limited(CNERGY)	31,197,761 ▲ 0.13
K-Electric Ltd. / Jan 30 K-Electric Limited(KEL)	29,670,310 ▲ 0.13
Citi Pharma Ltd / Jan 30 Citi Pharma Ltd.(CPHL)	25,413,292 ▲ 2.73
Dewan Motors / Jan 30 Dewan Farooque Motors Limited(DFML)	24,726,221 ▼ -1.63
WorldCall Telecom / Jan 30 Worldcall Telecom Limited(WTL)	20,794,723 ▲ 0.02
Fauji Cement / Jan 30 Fauji Cement Company Limited(FCCL)	13,308,955 ▲ 0.1

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