News stories for Hamid Waleed - Business Recorder

Hamid Waleed

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

Pakistan

‘Papers not filed to answer notice’: Higher tribunal upholds stance of tax dept

LAHORE: A show-cause notice by the tax department has survived the test on the ground that a tribunal cannot base...

Published 01 Feb, 2025 06:30am

Business & Finance

Insurance policy proceeds fall within definition of ‘tarka’

LAHORE: A higher appellate forum has held that the insurance policy proceeds fall within the definition of “tarka”...

Published 30 Jan, 2025 06:47am

Pakistan

Customs tribunals could not bypass ruling on PCT Heading

LAHORE: The customs tribunals could not bypass the ruling issued by the Classification Committee for determination...

Published 29 Jan, 2025 07:43am

Business & Finance

Banks can’t auction joint Khata properties without demarcation of land

LAHORE: Banks cannot auction joint Khata properties without demarcation of land. A higher appellate forum has set...

Updated 24 Jan, 2025 06:58am

Pakistan

Customs dept fails to establish use of oil tanker in diesel smuggling

LAHORE: the Customs department has failed to establish use of an oil tanker in smuggling of diesel, as the relevant...

Published 22 Jan, 2025 07:44am

Business & Finance

Forum upholds Rs500,000 fine on insurance company

LAHORE: An appellate forum has upheld a penalty of Rs500,000 imposed on an insurance company for violating various...

Published 21 Jan, 2025 06:12am

Markets

Subsidy paid to Cotton Export Corporation liable to income tax

LAHORE: An appellate forum has held that a subsidy paid by the federal government to the Cotton Export Corporation ...

Published 18 Jan, 2025 05:45am

Business & Finance

Customs Tribunal rules in favour of vehicle owner, waives penalty

LAHORE: The Customs Appellate Tribunal has dismissed an appeal filed by the Collectorate, upholding the decision of...

Published 17 Jan, 2025 02:56am

Banking courts lack jurisdiction to entertain tort claims?

LAHORE: A higher appellate forum has set aside a judgment passed by the banking court, ruling that the banking ...

Published 16 Jan, 2025 03:05am

Business & Finance

Tax dept’s ‘coercive’ measures against SOEs challenged

LAHORE: A State-Owned Enterprise (SOE) has challenged a blatant disregard for the law by the tax department for...

Published 12 Jan, 2025 02:44am

Business & Finance

Forum sets aside FTO’s order against IR official

LAHORE: A senior official of the Inland Revenue department has got rescinded adverse remarks made by the Federal Tax...

Published 10 Jan, 2025 03:51am

Pakistan

Customs dept secures ruling of upholding confiscation of smuggled goods

LAHORE: In a significant ruling, the Customs department has secured a decision in its favour regarding upholding the...

Published 08 Jan, 2025 07:51am

Pakistan

Soil moisture stress may affect crop growth in 3 provinces

LAHORE: Near normal to slightly below normal rainfall with above normal day time temperature in southern parts...

Published 04 Jan, 2025 08:04am

Business & Finance

Tax dept suggests CAA to opt for ADR path to claim tax exemption

LAHORE: The Income Tax department has proved that the Civil Aviation Authority (CAA), a state-owned enterprise ...

Published 03 Jan, 2025 07:20am

Business & Finance

Cocoa powder importers fail to claim exemption

LAHORE: The importers of Cocoa Powder have failed to claim exemption under two different notifications...

Published 01 Jan, 2025 03:03am

Business & Finance

Tribunal directs cos to appoint qualified insurance agents

LAHORE: An Insurance Tribunal has directed insurance companies to appoint qualified insurance agents enable to...

Published 29 Dec, 2024 02:48am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 20	283.77
USD PKR Interbank Buying / Jun 20	283.52
USD to Japanese Yen / Jun 20	146.09
USD to Swiss Franc / Jun 20	0.82
Pound Sterling to USD / Jun 20	1.35
Euro to USD / Jun 20	1.15
UK LIBOR % / Jun 20	4.96

Stock	Volume
S&P 500 / Jun 20	5,967.84
India Sensex / Jun 20	82,408.17
Tokyo Nikkei / Jun 20	38,403.23
Nasdaq / Jun 20	19,447.41
Hang Seng / Jun 20	23,530.48
FTSE 100 / Jun 20	8,774.65
Dow Jones / Jun 20	42,206.82
Germany DAX 30 / Jun 20	23,350.55
France CAC40 / Jun 20	7,589.66

Item	Value
Crude Oil USD/Barrel / Jun 20	74.93
Karachi Cotton PKR/37.32 KG / Jun 20	16,785
Gold 10 Grams PKR / Jun 20	306,069
Gold Spot USD/Ounce / Jun 20	3,368.39
Cotton US¢/pound / Jun 20	66.70
Petrol/Litre / Jun 22	258.43
Diesel/Litre / Jun 22	262.59

Gainers
Losers
Leaders

Stock	Price
The Thal Ind.Corp. / Jun 20 The Thal Industries Corporation Limited(TICL)	356 ▲ 40.99 (13.01%)
Faisal Sp. / Jun 20 Faisal Spinning Mills Limited(FASM)	313.91 ▲ 33.82 (12.07%)
First Elite Cap.Mod / Jun 20 First Elite Capital Modaraba(FECM)	33.53 ▲ 3.42 (11.36%)
Burj Clean Energy Modaraba / Jun 20 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.90 ▲ 1 (11.24%)
Crescent Fib. / Jun 20 Crescent Fibres Limited(CFL)	50.25 ▲ 5 (11.05%)
Hala Enterprise / Jun 20 Hala Enterprises Limited(HAEL)	25.43 ▲ 2.33 (10.09%)
Shams Textile / Jun 20 Shams Textile Mills Limited(STML)	31.52 ▲ 2.87 (10.02%)
Rupali polyester / Jun 20 Rupali Polyester Limited(RUPL)	24.61 ▲ 2.24 (10.01%)
Leather Up Ltd. / Jun 20 Leather Up Limited(LEUL)	39 ▲ 3.55 (10.01%)
Macter Int. Ltd / Jun 20 Macter International Limited(MACTER)	621.82 ▲ 56.53 (10%)

Stock	Price
Mahanna Islamic Index / Jun 20 Mahanna Islamic Index Traded Fund(MIIETF)	12.92 ▼ -2.14 (-14.21%)
Sindh Abadgar / Jun 20 Sindh Abadgar's Sugar Mills Limited(SASML)	61.07 ▼ -7.82 (-11.35%)
Nets Internat.Comm. / Jun 20 Nets International Communication Limited(GEMNETS)	41 ▼ -4.9 (-10.68%)
Shadman Cotton / Jun 20 Shadman Cotton Mills Limited(SHCM)	50.28 ▼ -5.59 (-10.01%)
PIA Holding Co.B / Jun 20 PIA Holding Company Limited B(PIAHCLB)	11,153.83 ▼ -1239.27 (-10%)
Pakgen Power / Jun 20 Pakgen Power Limited(PKGP)	173.06 ▼ -19.23 (-10%)
Sardar Chemical / Jun 20 Sardar Chemical Industries Limited(SARC)	56.21 ▼ -6.24 (-9.99%)
Int. Knit. / Jun 20 International Knitwear Limited(INKL)	20.18 ▼ -2.23 (-9.95%)
Ist.Capital Sec / Jun 20 First Capital Securities Corporation(FCSC)	2.49 ▼ -0.27 (-9.78%)
Calcorp Ltd / Jun 20 Calcorp Limited(CASH)	40.61 ▼ -4.39 (-9.76%)

Stock	Volume
WorldCall Telecom / Jun 20 Worldcall Telecom Limited(WTL)	42,791,268 ▼ -0.04
TRG Pak Ltd / Jun 20 TRG Pakistan Limited(TRG)	26,664,589 ▼ -4.92
Pervez Ahmed Consultancy / Jun 20 Pervez Ahmed Consultancy Services Ltd.(PASL)	25,526,681 ▼ -0.26
Yousuf Weaving / Jun 20 Yousaf Weaving Mills Limited(YOUW)	24,497,580 ▲ 0.29
K-Electric Ltd. / Jun 20 K-Electric Limited(KEL)	14,445,689 ▲ 0.08
Sui South Gas / Jun 20 Sui Southern Gas Company Limited(SSGC)	13,554,568 ▼ -0.06
Ist.Capital Sec / Jun 20 First Capital Securities Corporation(FCSC)	9,805,036 ▼ -0.27
Dewan Cement / Jun 20 Dewan Cement Limited(DCL)	9,257,161 ▼ -0.86
Invest Bank / Jun 20 Invest Capital Investment Bank Limited(ICIBL)	8,867,595 ▼ -0.26
Pak Refinery / Jun 20 Pakistan Refinery Limited(PRL)	8,518,206 ▲ 0.01

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