News stories for Hamid Waleed - Business Recorder

Hamid Waleed

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

Business & Finance

Banking customer secures rights against auto-finance facility

LAHORE: A banking customer has secured his right of declaration, rendition of accounts, recovery, damages and...

Published 15 Mar, 2025 05:22am

Pakistan

Appellate forum sets aside additional demand raised by tax department

LAHORE: An appellate forum has set aside an additional demand raised by the tax department based on the...

Published 12 Mar, 2025 03:03am

Business & Finance

Tax dept do not treat receipts of software as royalties under DTTs

LAHORE: The income tax department has failed to treat the receipts under the software lease agreement as royalties...

Published 06 Mar, 2025 06:42am

Business & Finance

Date of surrender of policy: Insurance Tribunal directs firm to pay premium

LAHORE: An Insurance Tribunal has directed the insurance company to pay premium paid along with liquidated damages...

Published 04 Mar, 2025 08:01am

Business & Finance

Appellate forum cancels show-cause notice against ‘dead freight’

LAHORE: A higher appellate forum has termed show cause notice against dead freight as null and void, as the importer...

Published 26 Feb, 2025 06:30am

Business & Finance

Insurance co directed to return received premium to nominee

LAHORE: An insurance tribunal has directed an insurance company to return the received premium to the nominee of...

Published 23 Feb, 2025 02:53am

Business & Finance

Duty and Tax Remission on Exports: Taxpayer avails duty & taxes applicable on damaged goods

LAHORE: A taxpayer has succeeded in availing duty and taxes applicable on damaged goods under Duty and Tax Remission...

Published 20 Feb, 2025 06:44am

Business & Finance

Taxpayer allowed ‘evaded’ tax for mentioning ‘wrong’ provision of law in notice

LAHORE: A higher appellate forum has allowed taxpayer to keep evaded tax for mentioning wrong provision of law in...

Published 18 Feb, 2025 03:01am

‘FBR can’t take coercive measures without due process’

LAHORE: A higher appellate forum has held that no coercive recovery measures can be taken by Federal Board of...

Updated 09 Feb, 2025 10:00am

Pakistan

Met Dept adopts 13 models to obtain multi-model ensembles

LAHORE: The Pakistan Meteorological Department has adopted 13 recommended models to obtain multi-model ensembles for...

Published 08 Feb, 2025 07:44am

Business & Finance

Firms can claim tax on destroyed goods

LAHORE: The sales tax department cannot deny adjustment against raw materials not actually used during the same tax...

Published 07 Feb, 2025 08:32am

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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