News stories for Hamid Waleed - Business Recorder

Hamid Waleed

Pakistan

Appellate forum quashes FIA probe against insurance firm

LAHORE: An Appellate forum has quashed inquiry proceedings against an insurance company initiated by Federal...

Published 15 May, 2025 07:24am

Business & Finance

STD secures penalty-default surcharge

LAHORE: The sales tax department has secured penalty and default surcharge imposed against a taxpayer due to delay ...

Published 14 May, 2025 06:36am

Business & Finance

Tax dept fails to prove transactions between two entities as ‘sales’

LAHORE: The income tax department has failed to prove that transactions conducted between two associated entities...

Published 13 May, 2025 06:15am

Business & Finance

CEO appreciates performance of ‘war room’ at Lesco

LAHORE: LESCO CEO appreciates performance of war room at Lahore Electric Supply Company. LESCO Chief Executive...

Published 11 May, 2025 02:45am

Pakistan

Reference dismissed against custom tribunal’s findings

LAHORE: The higher appellate forum dismissed the customs department’s reference against the tribunal’s findings...

Published 08 May, 2025 06:21am

Tola underscores need for resolving narrow tax base issue

LAHORE: To address the issue of a narrow tax base, the government should implement several solutions, including...

Updated 04 May, 2025 09:18am

Business & Finance

Tax department prevails over tribunal judgement

LAHORE: Tax department has won over a tribunal judgment based on documents not part of reply filed by a taxpayer...

Published 03 May, 2025 06:07am

Pakistan

Mother of deceased policyholder secures due share

LAHORE: A mother of a deceased policyholder secures her due share out of the policy proceeds. According to details,...

Updated 02 May, 2025 08:16am

Business & Finance

Importer wins case as delay in order held invalid

LAHORE: A goods importer has proved that a direction provided in the law for passing an order within certain period...

Published 29 Apr, 2025 03:07am

Pakistan

Diesel seizure case: Appellate forum rejects Customs dept’s plea

LAHORE: A higher appellate forum has rejected a special reference application of the Customs department on the ...

Published 25 Apr, 2025 06:05am

Business & Finance

‘Bank guarantee can be enforced if principal debtor defaults’

LAHORE: An appellate forum has held that a bank guarantee can be enforced if the principal debtor defaults. ...

Updated 23 Apr, 2025 07:14am

Business & Finance

Transportation of goods: Tribunal rejects customs’ objection regarding change of vehicle

LAHORE: A tribunal has rejected customs objection regarding change of vehicle for transportation of imported goods...

Published 22 Apr, 2025 05:55am

Business & Finance

FED: supply of raw material for soft drinks not proved chargeable

LAHORE: Tax department has failed to prove that supply of syrup as raw material for preparation of soft drinks is...

Published 20 Apr, 2025 02:50am

Business & Finance

FTO declares non-compliance of stay order as maladministration

LAHORE: The Federal Tax Ombudsman (FTO) has declared non-compliance of stay order by the tax assessment officer...

Published 18 Apr, 2025 07:30am

Business & Finance

Collection of withholding tax: Footwear manufacturer fails to defy notice

LAHORE: A footwear manufacturer failed to defy a show-cause notice regarding collection of withholding tax. The...

Published 16 Apr, 2025 08:05am

Business & Finance

Customs dept failed to prove allegation

LAHORE: Customs department has failed to prove allegation of smuggling against seizure of a vehicle due to...

Published 10 Apr, 2025 03:14am

Business & Finance

Appellate forum sets aside show-cause notice of PRA

LAHORE: A taxpayer has challenged a show-cause notice issued by the Punjab Revenue Authority (PRA) for the alleged...

Published 06 Apr, 2025 05:44am

Pakistan

Slightly below-normal rainfall likely during April

LAHORE: A tendency for slightly below-normal rainfall is anticipated in northern Punjab, Kashmir and the adjoining...

Published 30 Mar, 2025 08:03am

Pakistan

PMD issues drought alert amid severe water shortages

LAHORE: The Pakistan Meteorological Department (PMD) has issued drought alert which is the continuation of drought...

Published 26 Mar, 2025 07:46am

Business & Finance

Education board employees get relief from FTO

LAHORE: Thousands of teachers and staff associated with the secondary education boards have received a significant...

Published 16 Mar, 2025 02:50am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 16	281.70
USD PKR Interbank Buying / May 16	281.50
USD to Japanese Yen / May 16	145.21
USD to Swiss Franc / May 16	0.83
Pound Sterling to USD / May 16	1.33
Euro to USD / May 16	1.12
UK LIBOR % / May 14	4.96

Stock	Volume
S&P 500 / May 15	5,916.93
Nasdaq / May 15	19,112.32
Dow Jones / May 15	42,322.75
India Sensex / May 16	82,241.91
Tokyo Nikkei / May 16	37,762.61
Hang Seng / May 16	23,345.94
FTSE 100 / May 16	8,686.51
Germany DAX 30 / May 16	23,854.97
France CAC40 / May 16	7,901.67

Item	Value
Karachi Cotton PKR/37.32 KG / May 15	16,985
Gold 10 Grams PKR / May 15	287,379
Crude Oil USD/Barrel / May 16	61.55
Gold Spot USD/Ounce / May 16	3,224.61
Cotton US¢/pound / May 16	65.53
Petrol/Litre / May 17	252.63
Diesel/Litre / May 17	254.64

Gainers
Losers
Leaders

Stock	Price
Equity Modaraba / May 16 First Equity Modaraba(FEM)	3.45 ▲ 0.6 (21.05%)
Pak. P.V.C. / May 16 Pakistan PVC Limited(PPVC)	8.40 ▲ 1 (13.51%)
First Capital Equities / May 16 First Capital Equities Limited(FCEL)	4.50 ▲ 0.52 (13.07%)
Dewan Mushtaq / May 16 Dewan Mushtaq Textile Mills Limited(DMTM)	10.83 ▲ 1 (10.17%)
AN Textile Mills / May 16 AN Textile Mills Limited(ANTM)	13.06 ▲ 1.19 (10.03%)
Sitara Peroxide / May 16 Sitara Peroxide Limited(SPL)	13.73 ▲ 1.25 (10.02%)
Fast Cables / May 16 Fast Cables Limited(FCL)	24.16 ▲ 2.2 (10.02%)
Pak Synthetics / May 16 Pakistan Synthetics Limited(PSYL)	62.34 ▲ 5.67 (10.01%)
Bawany Air Products / May 16 Bawany Air Products Limited(BAPL)	44.17 ▲ 4.02 (10.01%)
Kohinoor Mills / May 16 Kohinoor Mills Limited(KML)	32.09 ▲ 2.92 (10.01%)

Stock	Price
Parmount Sp. / May 16 Paramount Spinning Mills Limited(PASM)	3.16 ▼ -0.54 (-14.59%)
Tariq Corp.Pref. / May 16 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7.14 ▼ -0.97 (-11.96%)
TPL Life Insur. / May 16 TPL Life Insurance Limited(TPLL)	47.57 ▼ -5.27 (-9.97%)
Apna Microfin. / May 16 Apna Microfinance Bank Limited(AMBL)	9.05 ▼ -0.99 (-9.86%)
Crescent Cotton / May 16 Crescent Cotton Mills Limited(CCM)	48.20 ▼ -5.26 (-9.84%)
Ellcot Spinning / May 16 Ellcot Spinning Mills Limited(ELSM)	101.65 ▼ -10.54 (-9.39%)
East West Ins. / May 16 East West Insurance Company Limited(EWIC)	52 ▼ -5.29 (-9.23%)
Shams Textile / May 16 Shams Textile Mills Limited(STML)	24.30 ▼ -2.43 (-9.09%)
B. F. Mod. / May 16 B.F. Modaraba(BFMOD)	7.95 ▼ -0.78 (-8.93%)
Olympia Mills / May 16 Olympia Mills Limited(OML)	46.20 ▼ -4.27 (-8.46%)

Stock	Volume
At-Tahur Ltd. / May 16 At-Tahur Limited(PREMA)	44,317,984 ▲ 0.21
Cnergyico PK / May 16 Cnergyico PK Limited(CNERGY)	32,148,988 ▼ -0.18
Lotte Chemical / May 16 Lotte Chemical Pakistan Limited(LOTCHEM)	28,049,504 ▲ 1.31
Pak Refinery / May 16 Pakistan Refinery Limited(PRL)	24,229,848 ▼ -0.52
K-Electric Ltd. / May 16 K-Electric Limited(KEL)	18,507,342 ▼ -0.04
Pak Elektron / May 16 Pak Elektron Limited(PAEL)	18,144,829 ▼ -1.47
WorldCall Telecom / May 16 Worldcall Telecom Limited(WTL)	16,543,964 ▼ -0.02
Fauji Foods Ltd / May 16 Fauji Foods Limited(FFL)	15,849,609 ▲ 0.05
P.T.C.L. / May 16 Pakistan Telecommunication Company Ltd(PTC)	15,650,899 ▲ 0.64
Sui South Gas / May 16 Sui Southern Gas Company Limited(SSGC)	14,606,631 ▼ -1.2

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