News stories for Hamid Waleed - Business Recorder

Hamid Waleed

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 / 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
Petrol/Litre / Jun 12	253.63
Crude Oil USD/Barrel / Jun 12	67.42
Gold Spot USD/Ounce / Jun 12	3,343.62
Diesel/Litre / Jun 12	254.64
Cotton US¢/pound / Jun 12	67.28

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)	5.30 ▲ 0.62 (13.25%)
Sardar Chemical / Jun 12 Sardar Chemical Industries Limited(SARC)	70.80 ▲ 6.44 (10.01%)
National Silk / Jun 12 The National Silk & Rayon Mills Limited(NSRM)	54.53 ▲ 4.96 (10.01%)
Shadman Cotton / Jun 12 Shadman Cotton Mills Limited(SHCM)	43.07 ▲ 3.92 (10.01%)
Saif Textile / Jun 12 Saif Textile Mills Limited(SAIF)	17.25 ▲ 1.57 (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%)
Bunnys Limited / Jun 12 Bunnys Limited(BNL)	48.53 ▲ 4.41 (10%)

Stock	Price
PIA Holding Co.B / Jun 12 PIA Holding Company Limited B(PIAHCLB)	20,987.90 ▼ -2331.98 (-10%)
Power Cem(Pref) / Jun 12 Power Cement (Pref)(POWERPS)	16.20 ▼ -1.8 (-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 ▼ -42.72 (-9.69%)
Ideal Spinning / Jun 12 Ideal Spinning Mills Limited(IDSM)	14.50 ▼ -1.49 (-9.32%)
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)	156 ▼ -15.14 (-8.85%)
Tandlianwala Sugar / Jun 12 Tandlianwala Sugar Mills Limited(TSML)	164.78 ▼ -13.36 (-7.5%)
Dewan Automotive Eng. / Jun 12 Dewan Automotive Engineering Limited(DWAE)	33 ▼ -2.6 (-7.3%)
Reliance Weaving / Jun 12 Reliance Weaving Mills Limited(REWM)	127 ▼ -9.7 (-7.1%)

Stock	Volume
Sui South Gas / Jun 12 Sui Southern Gas Company Limited(SSGC)	55,296,352 ▲ 0.96
Fauji Cement / Jun 12 Fauji Cement Company Limited(FCCL)	50,215,066 ▲ 0.63
Pervez Ahmed Consultancy / Jun 12 Pervez Ahmed Consultancy Services Ltd.(PASL)	48,951,529 ▼ -0.04
WorldCall Telecom / Jun 12 Worldcall Telecom Limited(WTL)	48,801,194 ▼ -0.07
Maple Leaf Cement / Jun 12 Maple Leaf Cement Factory Limited(MLCF)	40,045,519 ▲ 1.03
Invest Bank / Jun 12 Invest Capital Investment Bank Limited(ICIBL)	38,393,385 ▲ 1
K-Electric Ltd. / Jun 12 K-Electric Limited(KEL)	38,263,376 ▼ -0.21
Dewan Cement / Jun 12 Dewan Cement Limited(DCL)	27,796,430 ▼ -0.49
Kohinoor Spining / Jun 12 Kohinoor Spinning Mills Limited(KOSM)	25,945,173 ▼ -0.17
Treet Corp / Jun 12 Treet Corporation Limited(TREET)	24,219,292 ▼ -0.26

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