News stories for Hamid Waleed - Business Recorder

Hamid Waleed

Pakistan

Widow challenges advance tax against cellular phone services

LAHORE: A widow has challenged advance tax against cellular phone services, being not liable to pay income tax or...

Published 01 May, 2024 04:14am

Business & Finance

Tax dept accused of conducting audit proceedings under ‘repealed’ law

LAHORE: A taxpayer has accused the tax department for carrying out audit proceedings under repealed provision of the...

Published 28 Apr, 2024 02:56am

Business & Finance

Fair market value of subsidiary firms shares: No increase in tax in presence of income from business

LAHORE: The tax department could not increase tax in the notional fair market value of the subsidiary company/s...

Published 26 Apr, 2024 04:15am

Business & Finance

Fan manufacturer fails to stop FBR from monitoring production

LAHORE: A fan manufacturer has failed to stop the Federal Board of Revenue (FBR) from posting officers at his...

Published 25 Apr, 2024 03:05am

Business & Finance

Random selection of figures: Commissioner Appeals disapproves assessment order

LAHORE: A commissioner Inland Revenue (Appeals) has disapproved the assessment order after finding that the tax...

Published 24 Apr, 2024 03:50am

Business & Finance

Tax department fails to recover tax from bank accounts of taxpayer

LAHORE: The Tax department has failed to recover the tax assessed from bank accounts of taxpayer without issuance of...

Published 23 Apr, 2024 03:41am

Business & Finance

Tile importer secures refund of provisional anti-dumping duty

LAHORE: A wall/floor tiles importer has secured a refund of provisional anti-dumping duty imposed by the National...

Published 21 Apr, 2024 04:10am

Business & Finance

Tractor supplier failed to recover taxes

LAHORE: A supplier of imported tractors has failed to recover extra duties and taxes because of signing a contract ...

Published 19 Apr, 2024 05:07am

Business & Finance

Critics say concept of ‘deemed’ income alien to income tax law

LAHORE: The critics of the concept of deemed income have termed it discriminatory, saying that it provides certain...

Published 18 Apr, 2024 03:24am

Business & Finance

Delay in sales tax payments: Fibres’ manufacturer fails to furnish explanation

LAHORE: A fibres manufacturer has failed to furnish plausible explanation for sales tax payments while agitating ...

Published 16 Apr, 2024 03:38am

Pakistan

Co-owner fails to prove right of pre-emption?

LAHORE: A co-owner has failed to prove his right of pre-emption because the copy of Jamabandi produced for the...

Published 10 Apr, 2024 02:16am

Pakistan

Mayo Hospital honours FTO for release of radiation machine

LAHORE: The Department of Oncology and Radiotherapy of Mayo Hospital has honoured Federal Tax Ombudsman (FTO) Dr ...

Published 09 Apr, 2024 05:06am

Business & Finance

Transaction against a taxpayer: Authorities fail to establish re-characterization

LAHORE: Tax authorities fail to establish re-characterization of a transaction against a taxpayer in the absence of...

Published 05 Apr, 2024 04:50am

Business & Finance

Revenue officers object to issuance of inspection letters by FTO

LAHORE: Revenue officers have objected to the office of the Federal Tax Ombudsman's issuance of inspection letters...

Published 04 Apr, 2024 04:56am

Business & Finance

Expert throws light on recent inflation trends

LAHORE: Pakistan has witnessed a gradual decline in inflation for the third consecutive month, marking its lowest...

Published 03 Apr, 2024 05:29am

Business & Finance

Taxpayer disallowed input tax adjustment

LAHORE: Sales tax authorities failed to disallow the input tax adjustment in the absence of proving adjustment...

Published 31 Mar, 2024 02:53am

Business & Finance

Tax officer passes assessment order beyond show-cause notice

LAHORE: A tax officer passed an assessment order beyond the show-cause notice without confronting the same to the...

Published 27 Mar, 2024 04:38am

Pakistan

Widow earns insurance claim after not having post-mortem of husband

Her deceased husband had purchased an insurance policy of Rs500,000 on the basis of a yearly premium and chose her as his nominee.

Updated 24 Mar, 2024 08:52am

Pakistan

Cable manufacturer challenges ‘automatic selection’ of case

LAHORE: A cable manufacturer has challenged automatic selection of his case for audit, saying that the audit...

Published 22 Mar, 2024 04:57am

Pakistan

PML-N, PPP make fresh attempt to hand Discos over to provinces

LAHORE: The Pakistan Muslim League Nawaz (PML-N) and the Pakistan People’s Party (PPP) have reattempted to hand...

Published 21 Mar, 2024 06:11am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 23	278.69
USD PKR Interbank Buying / Dec 23	278.43
USD to Japanese Yen / Dec 23	156.63
USD to Swiss Franc / Dec 23	0.90
Pound Sterling to USD / Dec 23	1.26
Euro to USD / Dec 23	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
Nasdaq / Dec 20	19,572.60
Dow Jones / Dec 20	42,840.26
India Sensex / Dec 23	78,595.51
Tokyo Nikkei / Dec 23	39,161.34
Hang Seng / Dec 23	19,857.04
FTSE 100 / Dec 23	8,068.16
Germany DAX 30 / Dec 23	19,830.32

Item	Value
Gold 10 Grams PKR / Dec 20	234,311
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Crude Oil USD/Barrel / Dec 23	69.79
Gold Spot USD/Ounce / Dec 23	2,632.38
Cotton US¢/pound / Dec 23	68.96
Petrol/Litre / Dec 24	252.10

Gainers
Losers
Leaders

Stock	Price
First Capital Equities / Dec 23 First Capital Equities Limited(FCEL)	6.15 ▲ 1.00 (19.42%)
Dewan Sugar / Dec 23 Dewan Sugar Mills Limited(DWSM)	6.60 ▲ 1.00 (17.86%)
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	6.83 ▲ 0.92 (15.57%)
Jahangir Sidd(Pref) / Dec 23 Jahangir Sidd(Pref)(JSCLPSA)	9.50 ▲ 0.95 (11.11%)
Chenab Ltd (Pref) / Dec 23 Chenab Limited (Pref)(CLCPS)	3.75 ▲ 0.36 (10.62%)
Dewan Farooque Sp. / Dec 23 Dewan Farooque Spinning Mills Limited(DFSM)	4.72 ▲ 0.45 (10.54%)
Trust Sec.& Brok. / Dec 23 Trust Securities & Brokerage Limited(TSBL)	10.55 ▲ 1.00 (10.47%)
Dawood Equities / Dec 23 Dawood Equities Limited(DEL)	10.63 ▲ 1.00 (10.38%)
HBL Invest Fund / Dec 23 HBL Investment Fund(HIFA)	4.15 ▲ 0.39 (10.37%)

Stock	Price
Sindh Abadgar / Dec 23 Sindh Abadgar's Sugar Mills Limited(SASML)	36.60 ▼ -4.07 (-10.01%)
Blue-Ex Ltd / Dec 23 Blue-Ex Limited (GEM)(GEMBLUEX)	40.87 ▼ -4.54 (-10.00%)
J.A.Textile / Dec 23 J.A. Textile Mills Limited(JATM)	37.72 ▼ -4.19 (-10.00%)
Asia Ins. / Dec 23 Asia Insurance Company Limited(ASIC)	13.96 ▼ -1.55 (-9.99%)
Dar-es-Salaam / Dec 23 Dar-es-Salaam Textile Mills Limited(DSML)	42.01 ▼ -4.58 (-9.83%)
First Tri-Star Mod. / Dec 23 First Tri-Star Modaraba(FTSM)	14.01 ▼ -1.33 (-8.67%)
Dadabhoy Cement / Dec 23 Dadabhoy Cement Industries Limited(DBCI)	6 ▼ -0.54 (-8.26%)
Oilboy Energy / Dec 23 Oilboy Energy Limited(OBOY)	10.46 ▼ -0.93 (-8.17%)
Burj Clean Energy Modaraba / Dec 23 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	8.45 ▼ -0.65 (-7.14%)

Stock	Volume
WorldCall Telecom / Dec 23 Worldcall Telecom Limited(WTL)	99,942,750 ▲ 0.14
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	66,327,753 ▲ 0.92
Pace (Pak) Ltd. / Dec 23 Pace (Pakistan) Limited(PACE)	43,280,462 ▲ 0.19
K-Electric Ltd. / Dec 23 K-Electric Limited(KEL)	40,644,312 ▲ 0.37
Sui South Gas / Dec 23 Sui Southern Gas Company Limited(SSGC)	40,619,788 ▲ 0.76
Pak Elektron / Dec 23 Pak Elektron Limited(PAEL)	38,585,180 ▲ 1.96
Fauji Foods Ltd / Dec 23 Fauji Foods Limited(FFL)	35,015,764 ▲ 1.32
P.T.C.L. / Dec 23 Pakistan Telecommunication Company Ltd(PTC)	33,026,526 ▲ 2.58
B.O.Punjab / Dec 23 The Bank of Punjab(BOP)	29,495,012 ▲ 0.26

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