News stories for Hamid Waleed - Business Recorder

Hamid Waleed

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

Business & Finance

Capricious tax officer rectifies order after settlement by relevant forums

LAHORE: A capricious tax officer has proceeded to rectify the very order-in-original despite the matter having been...

Published 20 Mar, 2024 03:00am

Business & Finance

Taxpayer gets reimbursed amount recovered from his bank account

LAHORE: Due to the tax authorities’ failure to specify a reasonable payment timeframe, a corporate taxpayer...

Published 19 Mar, 2024 04:53am

Business & Finance

Despite existence of ADTT, LTO orders deduction of tax against offshore co

LAHORE: The Large Tax Office (LTO) has gotten egg on face by deducting tax against an offshore company in presence ...

Published 16 Mar, 2024 06:26am

Pakistan

Customs dept fails to prove vehicle as smuggled item

LAHORE: The customs department has failed to prove smuggling of a vehicle into Pakistan despite claiming that the...

Published 14 Mar, 2024 03:00am

Business & Finance

Tribunal reduces penalty disproportionate to gravity of sales tax default?

LAHORE: An Inland Revenue appellate tribunal has reduced penalty against defaulter of sales tax owing to...

Published 12 Mar, 2024 04:27am

Business & Finance

Bank faces penalty for carrying out premature recovery proceedings against defaulter

LAHORE: A local bank has faced penalty for carrying out premature recovery proceedings against loan defaulter....

Published 10 Mar, 2024 03:03am

Pakistan

PM’s office fails to accord timely approval: Pakistan misses meeting of RIMES in Thailand

LAHORE: Pakistan has missed a crucial meeting of Regional Integrated Multi-Hazard Early Warning System for Africa ...

Published 09 Mar, 2024 04:59am

Business & Finance

Export-oriented units: Lesco posts Rs1.1bn revenue loss?

LAHORE: The Lahore Electric Supply Company (LESCO) has booked Rs1.1 billion revenue loss from its connections to the...

Published 08 Mar, 2024 03:14am

Business & Finance

Cotton processor secures input tax refund

LAHORE: A cotton processor has secured input tax refund, which was rejected by the sales tax department after the...

Published 05 Mar, 2024 03:09am

Business & Finance

Power consumption trends indicate de-industrialization in full swing

LAHORE: Power generation and consumption trends indicate that deindustrialization is in full swing, said sources. ...

Published 03 Mar, 2024 02:55am

Business & Finance

Deduction of WHT: Pipe maker fails to shift onus on tax dept

LAHORE: A pipe manufacturer failed to shift onus on the tax department against deduction of withholding tax without...

Published 02 Mar, 2024 04:16am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 22	277.85
USD PKR Interbank Buying / Nov 22	277.65
USD to Japanese Yen / Nov 23	154.78
USD to Swiss Franc / Nov 23	0.89
Pound Sterling to USD / Nov 23	1.25
Euro to USD / Nov 23	1.04

Stock	Volume
S&P 500 / Nov 22	5,969.34
India Sensex / Nov 22	79,117.11
Tokyo Nikkei / Nov 22	38,283.85
Nasdaq / Nov 22	18,003.65
Hang Seng / Nov 22	19,229.97
FTSE 100 / Nov 22	8,262.08
Dow Jones / Nov 22	44,296.51
Germany DAX 30 / Nov 22	19,322.59

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 22	17,785
Gold 10 Grams PKR / Nov 22	240,483
Petrol/Litre / Nov 23	248.38
Crude Oil USD/Barrel / Nov 23	71.24
Gold Spot USD/Ounce / Nov 23	2,716.19
Diesel/Litre / Nov 23	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 23 786 Investments Limited(786)	6.82 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 23 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▼ 0.00 (0.00%)
Agro Allianz / Nov 23 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 23 Ali Asghar Textile Mills Limited(AATM)	70.89 ▼ 0.00 (0.00%)
Allied Bank / Nov 23 Allied Bank Limited(ABL)	120.21 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 23 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▼ 0.00 (0.00%)
Abson Ind. / Nov 23 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 23 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 23 786 Investments Limited(786)	6.82 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 23 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▲ 0.00 (0.00%)
Agro Allianz / Nov 23 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 23 Ali Asghar Textile Mills Limited(AATM)	70.89 ▲ 0.00 (0.00%)
Allied Bank / Nov 23 Allied Bank Limited(ABL)	120.21 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 23 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▲ 0.00 (0.00%)
Abson Ind. / Nov 23 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 23 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 23 Worldcall Telecom Limited(WTL)	177,135,830 ▲ 0.00
K-Electric Ltd. / Nov 23 K-Electric Limited(KEL)	124,131,268 ▲ 0.00
Hascol Petrol / Nov 23 Hascol Petroleum Limited(HASCOL)	105,013,176 ▲ 0.00
Fauji Foods Ltd / Nov 23 Fauji Foods Limited(FFL)	77,697,371 ▲ 0.00
Treet Battery / Nov 23 Treet Battery Limited(TBL)	43,783,366 ▲ 0.00
B.O.Punjab / Nov 23 The Bank of Punjab(BOP)	36,573,763 ▲ 0.00
Sui South Gas / Nov 23 Sui Southern Gas Company Limited(SSGC)	32,719,678 ▲ 0.00
PIA Holding Co.Ltd / Nov 23 PIA Holding Company Limited(PIAHCLA)	27,969,689 ▲ 0.00
Cnergyico PK / Nov 23 Cnergyico PK Limited(CNERGY)	25,874,820 ▲ 0.00

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