News stories for Hamid Waleed - Business Recorder

Hamid Waleed

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

No major breakthrough likely in revenue generation in current fiscal year

Published 08 Mar, 2019 12:00am

EOBI pensioners not happy with mere 20 percent raise

Beneficiaries of the Employees' Old-age Benefits Institution (EOBI) have expressed dismay over 20 percent increase in the rate of pension for EOBI pensioners, saying that they were expecting much more in the wake of prevailing inflationary pressures in th

Published 03 Mar, 2019 12:00am

Young tax officers satisfied at working of PTI government

The Pakistan Tehreek-e-Insaf (PTI) government is silently replacing corrupt tax officers with those carrying good reputation, said the sources from young tax officers in the Federal Board of Revenue (FBR).

Published 26 Feb, 2019 12:00am

SLIC employees, policy-holders concerned at sell-off plan

The announcement of privatisation of State Life Insurance Corporation (SLIC) of Pakistan by 31st March has become a serious cause of concern for its over 200,000 employees and 10 million policy-holders. An advertisement for hiring of consultants for priva

Published 21 Feb, 2019 12:00am

Markets

Stuck-up refunds: FBR fears poor response from taxpayers for promissory notes

The Federal Board of Revenue (FBR) has apprehended a dismal response from taxpayers against the promissory notes to settle their stuck-up Sales tax refunds. According to the official sources, the taxpayers can avoid to avail this option because of the con

Published 19 Feb, 2019 12:00am

Markets

Mohmand Dam: Accountability fear causes slowing contract award procedure

The fear of action by the National Accountability Bureau (NAB) in future has scared the concerned staff in the Project Office GM Hydro Planning of WAPDA and they are avoiding to sign files for awarding the contract of Mohmand Dam, the sources said. Howeve

Published 14 Feb, 2019 12:00am

Smart metering project designed to facilitate foreign bidders

The qualification criteria laid down for $1 billion Asian Development Bank-funded smart metering project has been designed to facilitate foreign bidders and striking out constitutional rights of local industry as it is a sheer violation of Statutory Regul

Published 12 Feb, 2019 12:00am

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 27	278.47
USD PKR Interbank Buying / Dec 27	278.22
USD to Japanese Yen / Dec 27	157.87
USD to Swiss Franc / Dec 27	0.90
Pound Sterling to USD / Dec 27	1.26
Euro to USD / Dec 27	1.04

Stock	Volume
S&P 500 / Dec 27	5,970.84
India Sensex / Dec 27	78,699.07
Tokyo Nikkei / Dec 27	40,281.16
Nasdaq / Dec 27	19,238.48
Hang Seng / Dec 27	20,090.46
FTSE 100 / Dec 27	8,149.78
Dow Jones / Dec 27	42,992.21
Germany DAX 30 / Dec 27	19,984.32

Item	Value
Crude Oil USD/Barrel / Dec 27	70.60
Gold 10 Grams PKR / Dec 27	234,225
Gold Spot USD/Ounce / Dec 27	2,621.40
Cotton US¢/pound / Dec 27	68.89
Karachi Cotton PKR/37.32 KG / Dec 28	17,785
Petrol/Litre / Dec 29	252.10

Gainers
Losers
Leaders

Stock	Price
First Capital Equities / Dec 27 First Capital Equities Limited(FCEL)	6.10 ▲ 1.00 (19.61%)
Chenab Ltd (Pref) / Dec 27 Chenab Limited (Pref)(CLCPS)	4.50 ▲ 0.60 (15.38%)
Sec. Inv. Bank / Dec 27 Security Investment Bank Limited(SIBL)	7.99 ▲ 1.00 (14.31%)
786 Invest Ltd / Dec 27 786 Investments Limited(786)	8.15 ▲ 1.00 (13.99%)
Chenab Ltd / Dec 27 Chenab Limited(CHBL)	9.61 ▲ 1.00 (11.61%)
Next Capital / Dec 27 Next Capital Limited(NEXT)	10.90 ▲ 1.00 (10.10%)
Image Pakistan / Dec 27 Image Pakistan Limited(IMAGE)	20.31 ▲ 1.85 (10.02%)
Baba Farid Sugar / Dec 27 Baba Farid Sugar Mills Limited(BAFS)	53.08 ▲ 4.83 (10.01%)
Biafo Ind. / Dec 27 Biafo Industries Limited(BIFO)	208.88 ▲ 18.99 (10.00%)

Stock	Price
Burj Clean Energy Modaraba / Dec 27 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	8.10 ▼ -1.00 (-10.99%)
Blue-Ex Ltd / Dec 27 Blue-Ex Limited (GEM)(GEMBLUEX)	40.15 ▼ -4.46 (-10.00%)
Al-Khair Gadoon / Dec 27 Al-Khair Gadoon Limited(AKGL)	41.71 ▼ -4.63 (-9.99%)
Leiner Pak Gelat / Dec 27 Leiner Pak Gelatine Limited(LPGL)	131 ▼ -14.19 (-9.77%)
Jauharabad Sug / Dec 27 Jauharabad Sugar Mills Limited(JSML)	21 ▼ -2.10 (-9.09%)
Aruj Industries / Dec 27 Aruj Industries Limited(ARUJ)	8.62 ▼ -0.86 (-9.07%)
First Imrooz Mod. / Dec 27 First Imrooz Modaraba(FIMM)	200.20 ▼ -19.80 (-9.00%)
MithchellsFruit / Dec 27 Mitchells Fruit Farms Limited(MFFL)	243 ▼ -23.05 (-8.66%)
Grays Leasing / Dec 27 Grays Leasing Limited(GRYL)	5.71 ▼ -0.48 (-7.75%)

Stock	Volume
Fauji Foods Ltd / Dec 27 Fauji Foods Limited(FFL)	104,369,036 ▲ 0.78
WorldCall Telecom / Dec 27 Worldcall Telecom Limited(WTL)	72,731,608 ▲ 0.00
TRG Pak Ltd / Dec 27 TRG Pakistan Limited(TRG)	46,907,628 ▲ 1.54
Cnergyico PK / Dec 27 Cnergyico PK Limited(CNERGY)	40,110,243 ▲ 0.30
Hascol Petrol / Dec 27 Hascol Petroleum Limited(HASCOL)	34,416,789 ▲ 0.06
B.O.Punjab / Dec 27 The Bank of Punjab(BOP)	30,318,392 ▲ 0.04
Ghani Chem. Ind. / Dec 27 Ghani Chemical Industries Limited(GCIL)	26,183,062 ▲ 0.50
Sui South Gas / Dec 27 Sui Southern Gas Company Limited(SSGC)	25,823,481 ▲ 3.11
Silk Bank Ltd / Dec 27 Silkbank Limited(SILK)	25,520,925 ▼ -0.08

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