News stories for Hamid Waleed - Business Recorder

Hamid Waleed

Business & Finance

Tax experts describe tax relief as ‘too little, too late’

LAHORE: Tax experts have termed tax reliefs as “too little too late” because of stringent economic conditions ...

Published 11 Jun, 2025 06:04am

Business & Finance

Tola highlights importance of home-grown ‘Green Pakistan’

LAHORE: Leading economist Ashfaq Yousuf Tola has stressed on policymakers to choose between home-grown recipe of...

Published 10 Jun, 2025 06:07am

Business & Finance

Expiry of statutory time limits: ST Department criticised for passing orders

LAHORE: Tax experts have objected to the sales tax department for passing orders after expiry of statutory time...

Published 07 Jun, 2025 04:59am

Business & Finance

Tola suggests MAT via CVT

LAHORE: Taxonomist Ashfaq Yousuf Tola has suggested introduction of Minimum Asset Tax (MAT) via Capital Value Tax...

Published 05 Jun, 2025 06:53am

Pakistan

Customs refuse to release bus used for smuggling

LAHORE: The customs department has declined to redeem the vehicle being operated and driven by the owner himself for...

Published 03 Jun, 2025 07:08am

CA balance incorporated: PKR kept artificially undervalued at 282.2 vs $1: Tola

LAHORE: The value of the rupee (PKR) is 249.2/USD after incorporating the Current Account balance of the Jul-April...

Updated 31 May, 2025 09:19am

Business & Finance

FTO terms forced tax registration, fraud allegations maladministration

LAHORE: Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jah has held that illegal compulsory sales tax registration of a...

Published 30 May, 2025 06:03am

Pakistan

Stolen vehicle: Insurance firm declines to pay depreciated value

LAHORE: An insurance company has declined to pay depreciated value of a stolen vehicle. According to details, the...

Published 24 May, 2025 06:21am

Business & Finance

Beverage firm dual-registered over tax withholding dispute

LAHORE: A beverage company already registered with the Punjab Revenue Authority gets registered by another...

Published 21 May, 2025 07:07am

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 12	282.73
USD PKR Interbank Buying / Jun 12	282.53
USD to Japanese Yen / Jun 12	143.91
USD to Swiss Franc / Jun 12	0.82
Pound Sterling to USD / Jun 12	1.35
Euro to USD / Jun 12	1.15
UK LIBOR % / Jun 11	4.96

Stock	Volume
S&P 500 / Jun 11	6,022.24
Nasdaq / Jun 11	19,615.88
Dow Jones / Jun 11	42,865.77
India Sensex / Jun 12	82,355.26
Tokyo Nikkei / Jun 12	38,173.09
Hang Seng / Jun 12	24,037.41
FTSE 100 / Jun 12	8,864.73
Germany DAX 30 / Jun 12	23,697.86
France CAC40 / Jun 12	7,718.48

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 11	16,985
Gold 10 Grams PKR / Jun 11	302,554
Crude Oil USD/Barrel / Jun 12	67.42
Gold Spot USD/Ounce / Jun 12	3,343.62
Cotton US¢/pound / Jun 12	67.28
Petrol/Litre / Jun 13	253.63
Diesel/Litre / Jun 13	254.64

Gainers
Losers
Leaders

Stock	Price
Invest Bank / Jun 12 Invest Capital Investment Bank Limited(ICIBL)	6.11 ▲ 1 (19.57%)
Grays Leasing / Jun 12 Grays Leasing Limited(GRYL)	6.61 ▲ 1 (17.83%)
Dewan Farooque Sp. / Jun 12 Dewan Farooque Spinning Mills Limited(DFSM)	5.21 ▲ 0.53 (11.32%)
Apna Microfin. / Jun 12 Apna Microfinance Bank Limited(AMBL)	10.64 ▲ 0.97 (10.03%)
Sardar Chemical / Jun 12 Sardar Chemical Industries Limited(SARC)	70.80 ▲ 6.44 (10.01%)
Saif Textile / Jun 12 Saif Textile Mills Limited(SAIF)	17.25 ▲ 1.57 (10.01%)
Shadman Cotton / Jun 12 Shadman Cotton Mills Limited(SHCM)	43.07 ▲ 3.92 (10.01%)
Bannu Woollen / Jun 12 Bannu Woollen Mills Limited(BNWM)	44.41 ▲ 4.04 (10.01%)
First Elite Cap.Mod / Jun 12 First Elite Capital Modaraba(FECM)	42.20 ▲ 3.84 (10.01%)
Nets Internat.Comm. / Jun 12 Nets International Communication Limited(GEMNETS)	28.50 ▲ 2.59 (10%)

Stock	Price
PIA Holding Co.B / Jun 12 PIA Holding Company Limited B(PIAHCLB)	20,987.89 ▼ -2331.99 (-10%)
Khyber Textile / Jun 12 Khyber Textile Mills Limited(KHYT)	1,993.94 ▼ -221.55 (-10%)
Otsuka Pakistan / Jun 12 Otsuka Pakistan Limited(OTSU)	398.57 ▼ -42.15 (-9.56%)
Ideal Spinning / Jun 12 Ideal Spinning Mills Limited(IDSM)	14.54 ▼ -1.45 (-9.07%)
First Capital Equities / Jun 12 First Capital Equities Limited(FCEL)	4.01 ▼ -0.39 (-8.86%)
Pak Paper Prod / Jun 12 Pakistan Paper Products Limited(PPP)	158.38 ▼ -12.76 (-7.46%)
Chenab Ltd / Jun 12 Chenab Limited(CHBL)	6.17 ▼ -0.49 (-7.36%)
Hinopak Motor / Jun 12 Hinopak Motors Limited(HINO)	374.16 ▼ -28.7 (-7.12%)
Zahid Jee Textile / Jun 12 Zahidjee Textile Mills Limited(ZAHID)	27.06 ▼ -1.99 (-6.85%)
ECOPACK Ltd / Jun 12 Ecopack Limited(ECOP)	85.11 ▼ -6.09 (-6.68%)

Stock	Volume
Sui South Gas / Jun 12 Sui Southern Gas Company Limited(SSGC)	55,899,181 ▲ 0.78
Fauji Cement / Jun 12 Fauji Cement Company Limited(FCCL)	50,597,576 ▲ 0.49
WorldCall Telecom / Jun 12 Worldcall Telecom Limited(WTL)	49,327,936 ▼ -0.08
Pervez Ahmed Consultancy / Jun 12 Pervez Ahmed Consultancy Services Ltd.(PASL)	49,092,533 ▼ -0.07
Maple Leaf Cement / Jun 12 Maple Leaf Cement Factory Limited(MLCF)	40,260,789 ▲ 0.74
K-Electric Ltd. / Jun 12 K-Electric Limited(KEL)	38,519,154 ▼ -0.24
Invest Bank / Jun 12 Invest Capital Investment Bank Limited(ICIBL)	38,443,385 ▲ 1
Dewan Cement / Jun 12 Dewan Cement Limited(DCL)	27,852,990 ▼ -0.43
Kohinoor Spining / Jun 12 Kohinoor Spinning Mills Limited(KOSM)	26,083,851 ▼ -0.18
Treet Corp / Jun 12 Treet Corporation Limited(TREET)	24,336,515 ▼ -0.27

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