News stories for Hamid Waleed - Business Recorder

Hamid Waleed

'New tax authority': FBR officers express mixed reaction

Officers at the Regional Tax Office (RTO) of the Federal Board of Revenue (FBR) have expressed a mixed reaction over the statement of Prime Minister Imran Khan that he might create a new tax authority if the FBR fails to achieve revenue targets.

Published 09 Mar, 2019 12:00am

'New tax authority': FBR officers express mixed reaction

Published 09 Mar, 2019 12:00am

No major breakthrough likely in revenue generation in current fiscal year

No major breakthrough in revenue generation is expected during the current fiscal, said well-placed sources at the Regional Tax Office (RTO) of the Federal Board of Revenue (FBR). "It would be a big achievement even if it increased by 3 to 4 percent compa

Published 08 Mar, 2019 12:00am

No major breakthrough likely in revenue generation in current fiscal year

Published 08 Mar, 2019 12:00am

EOBI pensioners not happy with mere 20 percent raise

Beneficiaries of the Employees' Old-age Benefits Institution (EOBI) have expressed dismay over 20 percent increase in the rate of pension for EOBI pensioners, saying that they were expecting much more in the wake of prevailing inflationary pressures in th

Published 03 Mar, 2019 12:00am

Young tax officers satisfied at working of PTI government

The Pakistan Tehreek-e-Insaf (PTI) government is silently replacing corrupt tax officers with those carrying good reputation, said the sources from young tax officers in the Federal Board of Revenue (FBR).

Published 26 Feb, 2019 12:00am

SLIC employees, policy-holders concerned at sell-off plan

The announcement of privatisation of State Life Insurance Corporation (SLIC) of Pakistan by 31st March has become a serious cause of concern for its over 200,000 employees and 10 million policy-holders. An advertisement for hiring of consultants for priva

Published 21 Feb, 2019 12:00am

Markets

Stuck-up refunds: FBR fears poor response from taxpayers for promissory notes

The Federal Board of Revenue (FBR) has apprehended a dismal response from taxpayers against the promissory notes to settle their stuck-up Sales tax refunds. According to the official sources, the taxpayers can avoid to avail this option because of the con

Published 19 Feb, 2019 12:00am

Markets

Mohmand Dam: Accountability fear causes slowing contract award procedure

The fear of action by the National Accountability Bureau (NAB) in future has scared the concerned staff in the Project Office GM Hydro Planning of WAPDA and they are avoiding to sign files for awarding the contract of Mohmand Dam, the sources said. Howeve

Published 14 Feb, 2019 12:00am

Smart metering project designed to facilitate foreign bidders

The qualification criteria laid down for $1 billion Asian Development Bank-funded smart metering project has been designed to facilitate foreign bidders and striking out constitutional rights of local industry as it is a sheer violation of Statutory Regul

Published 12 Feb, 2019 12:00am

Idea of promissory notes may lead to filing of fake refund claims: experts

The idea of issuing promissory notes against refund claims of the exporting industry may lead to a scandalous situation that the beneficiaries have received it after filing a fake claim in connivance with the Federal Board of Revenue (FBR) staff, said tax

Published 10 Feb, 2019 12:00am

$1 billion ADB-funded tender for smart meters: Domestic metering industry feels threat to its business

The domestic metering industry is up in arms against the ministry of power division's move of floating $1 billion Asian Development Bank-funded tender for smart metering project, saying it will kill the local meter industry.

Published 09 Feb, 2019 12:00am

Transfers and postings in SLIC irk employees

A latest transfers and postings order has irked employees at the State Life Insurance Corporation as they believe that the said order has been issued while keeping chairman of the Corporation into dark about the officers who benefited from it.

Published 08 Feb, 2019 12:00am

'FBR intelligensia not fair with government on reform agenda'

The Federal Board of Revenue (FBR) intelligensia is not fair with the government on its reform agenda, said the Board sources. "The FBR intelligensia is not in favour of reforms and managing status quo through bureaucratic tactics," they said, adding: "Th

Published 25 Jan, 2019 12:00am

'Corporate sector least bothered about tax reforms'

The corporate sector is least bothered about tax reforms, to be introduced by the government, and manages tax avoidance with the help of experienced teams of Chartered Accountants and tax practitioners, said sources. Official sources from the regional off

Published 24 Jan, 2019 12:00am

JV for Rs 309 billion Mohmand dam: Financial evaluation of Descon-China Gezhouba under way: Wapda

The Water and Power Development Authority (Wapda) is conducting technical evaluation of the financial bid of Descon-China Gezhouba joint venture for Rs 309 billion Mohmand Dam in order to materialize mobilization of contractors to the site next month, sai

Published 23 Jan, 2019 12:00am

Mechanism for auditing late filers proves hard nut to crack for FBR

Mechanism for automatic selection of late filers of tax returns for audit is proving a hard nut to crack for the field staff of Federal Board of Revenue (FBR) as the taxpayers are facing complications even after the introduction of section 214E in the Inc

Published 18 Jan, 2019 12:00am

China shares customs shipment data with Pakistan: FPCCI

For the first time China has shared data of customs shipments with Pakistan, said senior vice president Federation of Pakistan Chambers of Commerce & Industry (FPCCI) Dr Mirza Ikhtiar Baig. "Federal Finance Minister Asad Umar has told me during his recent

Published 16 Jan, 2019 12:00am

Amnesty scheme, non-filers: FBR's notice to beneficiaries slow down business activities

The Federal Board of Revenue (FBR) notices to the beneficiaries of amnesty scheme and also to the non-filers paying withholding tax against their transactions has slowed down the business activity in major cities of the province, said business community s

Published 11 Jan, 2019 12:00am

Regular Member (Water), Member (Power): no appointment made in Wapda in last two years

No appointment of regular member (Water) and member (Power) has been made in the Water and Power Development Authority (WAPDA) since last two years, said sources. "The WAPDA has neither a regular member (Water) since last two years nor a regular member (P

Published 05 Jan, 2019 12:00am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	158.33
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 26	5099.96
India Sensex / Apr 26	73730.16
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Hang Seng / Apr 26	17651.15
FTSE 100 / Apr 26	8139.83
Dow Jones / Apr 26	38239.66
Germany DAX 30 / Apr 26	18161.01

Item	Value
Crude Oil USD/Barrel / Apr 26	83.85
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 26	210048
Gold Spot USD/Ounce / Apr 26	2337.96
Cotton US¢/pound / Apr 26	80.90
Petrol/Litre / Apr 28	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 28 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 28 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 28 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 28 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 28 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 28 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 28 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 28 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 28 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 28 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 28 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 28 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 28 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 28 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 28 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 28 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 28 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 28 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 28 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 28 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 28 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 28 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 28 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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