News stories for Hamid Waleed - Business Recorder

Hamid Waleed

Business & Finance

Tax dept misuses authority: Automatic audit selection under fire

LAHORE: The tax department’s automatic selection of tax returns for audit has come under scrutiny, with critics...

Updated 02 Nov, 2024 07:04am

Business & Finance

Sales tax evasion: Tribunal overturns order against taxpayer

LAHORE: In a significant ruling, the Customs, Excise and Sales Tax appellate tribunal has annulled orders passed by...

Published 01 Nov, 2024 08:25am

Business & Finance

Taxpayers accused of defying taxation law

LAHORE: In a brazen display of disregard for the law, taxpayers in Pakistan continued to defy the Federal Excise Act...

Published 31 Oct, 2024 07:26am

Pakistan

Customs officials accused of flouting orders of tribunals

LAHORE: Customs officials are allegedly flouting the orders of tribunals despite clear-cut directions from the...

Published 27 Oct, 2024 02:44am

Business & Finance

Tax collection: PRA declares WH agents as collecting agents

LAHORE: The Punjab Revenue Authority (PRA) has issued a notification under the Punjab Sales Tax on Services Act,...

Published 20 Oct, 2024 05:51am

Business & Finance

‘Charging fees for rendering services not part of turnover’

LAHORE: A freight forwarding agent has proved that charging fees for rendering services cannot be treated as part of...

Updated 09 Oct, 2024 08:40am

Pakistan

Landowners to get adjustment in land acquisition compensation

LAHORE: In a significant development, the landowners have got adjusted compensation for land acquired for public...

Published 06 Oct, 2024 02:44am

Business & Finance

Branchless banking: Banks enhance vigilance to combat scams of transactions

LAHORE: The banking sector has enhanced vigilance measures to combat banking scams through branchless banking...

Published 01 Oct, 2024 06:49am

Business & Finance

Reissuance of show-cause notices after 19 years illegal: FTO

LAHORE: The Federal Tax Ombudsman (FTO) has held that reissuing show-cause notices after 19 years, without...

Published 27 Sep, 2024 06:26am

Business & Finance

Goods released without redemption fee payment: Customs department challenges adjudicating authority’s decision

LAHORE: The Customs department challenged its own adjudicating authority for releasing consignment without payment ...

Published 26 Sep, 2024 09:21am

Business & Finance

Tractor maker proves ‘application’ of SRO as mala fide of FBR

LAHORE: A tractor manufacturer has proved that the entire exercise of issuance of SRO No. 563 (I)/2022 dated...

Published 21 Sep, 2024 06:43am

Business & Finance

Tax dept fails to create additional demand on capital gains

LAHORE: The income tax department failed to create additional demand on account of capital gains in the wake of...

Published 17 Sep, 2024 06:33am

Business & Finance

Assessment alert issued by AC Customs challenged

LAHORE: An importer has challenged an assessment alert issued by Assistant Collector of Customs that the assessment...

Published 15 Sep, 2024 02:45am

Pakistan

Rs111bn recovered under anti-power theft campaign

LAHORE: A comprehensive anti-theft campaign launched by Pakistan’s power distribution companies has yielded...

Published 14 Sep, 2024 06:31am

Cos falling under special law can use WPPF for business operations

LAHORE: Companies falling under a special law can use Workers Profit Participation Fund (WPPF) for their business...

Published 10 Sep, 2024 06:32am

Business & Finance

Current year’s liability: Tax dept fails to object to adjustment of unverified refund

LAHORE: The tax department has failed to object to adjustment of unverified refund towards current year’s...

Published 06 Sep, 2024 07:04am

Business & Finance

‘Banks’ signboards do not fall under definition of advertisements’

LAHORE: Signboards installed by the banks do not come within the definition of advertisement and billboard, ...

Updated 05 Sep, 2024 07:17am

Pakistan

Borrower’s objection to eligibility of evaluator rejected

LAHORE: A borrower backed out after giving consent on the appointment of evaluator to sell out pledged stock lying ...

Published 01 Sep, 2024 02:46am

Business & Finance

Calculating income tax liability: Tax dept has failed to force bank to offer interest against ‘sticky’ loans

LAHORE: The Tax department has failed to force an investment bank to offer the interest against sticky loans for...

Published 28 Aug, 2024 06:22am

Business & Finance

‘Seeking record after selecting group of taxpayers for audit unlawful’

LAHORE: Seeking record after selecting a group of taxpayers for audit is unlawful, said tax practitioners. They said...

Published 25 Aug, 2024 03:05am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 18	283.63
USD PKR Interbank Buying / Jun 18	283.43
USD to Japanese Yen / Jun 18	145.05
USD to Swiss Franc / Jun 18	0.82
Pound Sterling to USD / Jun 18	1.34
Euro to USD / Jun 18	1.15
UK LIBOR % / Jun 18	4.96

Stock	Volume
S&P 500 / Jun 18	5,980.87
India Sensex / Jun 18	81,444.66
Tokyo Nikkei / Jun 18	38,603.35
Nasdaq / Jun 18	19,546.27
Hang Seng / Jun 18	23,231.48
FTSE 100 / Jun 18	8,843.47
Dow Jones / Jun 18	42,171.66
Germany DAX 30 / Jun 18	23,317.81
France CAC40 / Jun 18	7,656.12

Item	Value
Crude Oil USD/Barrel / Jun 18	75.10
Karachi Cotton PKR/37.32 KG / Jun 18	16,785
Gold 10 Grams PKR / Jun 18	307,831
Gold Spot USD/Ounce / Jun 18	3,373.97
Cotton US¢/pound / Jun 18	67.67
Petrol/Litre / Jun 19	258.43
Diesel/Litre / Jun 19	262.59

Gainers
Losers
Leaders

Stock	Price
Equity Modaraba / Jun 19 First Equity Modaraba(FEM)	3.88 ▲ 0.62 (19.02%)
Askari Life Assur. / Jun 19 Askari Life Assurance Company Limited(ALAC)	7.40 ▲ 1 (15.63%)
Sec. Inv. Bank / Jun 19 Security Investment Bank Limited(SIBL)	9.89 ▲ 0.98 (11%)
Escorts Bank / Jun 19 Escorts Investment Bank Limited(ESBL)	6.08 ▲ 0.57 (10.34%)
Universal Ins. / Jun 19 The Universal Insurance Company Limited(UVIC)	10.73 ▲ 0.99 (10.16%)
Crescent Textile / Jun 19 The Crescent Textile Mills Limited(CRTM)	20.85 ▲ 1.9 (10.03%)
Kohinoor Ind. / Jun 19 Kohinoor Industries Limited(KOIL)	11.09 ▲ 1.01 (10.02%)
Service Textile / Jun 19 Service Industries Textiles Limited(SERT)	21.64 ▲ 1.97 (10.02%)
Zahid Jee Textile / Jun 19 Zahidjee Textile Mills Limited(ZAHID)	39.69 ▲ 3.61 (10.01%)
Karam Ceramics / Jun 19 Karam Ceramics Limited(KCL)	56.73 ▲ 5.16 (10.01%)

Stock	Price
Pakgen Power / Jun 19 Pakgen Power Limited(PKGP)	192.29 ▼ -21.36 (-10%)
PIA Holding Co.B / Jun 19 PIA Holding Company Limited B(PIAHCLB)	12,393.10 ▼ -1377.05 (-10%)
Dewan Mushtaq / Jun 19 Dewan Mushtaq Textile Mills Limited(DMTM)	9.60 ▼ -0.99 (-9.35%)
Gillette Pak / Jun 19 Gillette Pakistan Limited(GLPL)	230 ▼ -19.5 (-7.82%)
F.Credit & Inv / Jun 19 First Credit and Investment Bank Limited(FCIBL)	9.16 ▼ -0.71 (-7.19%)
Apna Microfin. / Jun 19 Apna Microfinance Bank Limited(AMBL)	9.31 ▼ -0.7 (-6.99%)
Sindh Modaraba / Jun 19 Sindh Modaraba(SINDM)	11.11 ▼ -0.79 (-6.64%)
Cresent Jute / Jun 19 Crescent Jute Products Limited(CJPL)	5.89 ▼ -0.39 (-6.21%)
Sardar Chemical / Jun 19 Sardar Chemical Industries Limited(SARC)	65.45 ▼ -3.94 (-5.68%)
Sakrand Sugar / Jun 19 Sakrand Sugar Mills Limited(SKRS)	11.53 ▼ -0.67 (-5.49%)

Stock	Volume
WorldCall Telecom / Jun 19 Worldcall Telecom Limited(WTL)	24,296,060 ▲ 0.02
Sui South Gas / Jun 19 Sui Southern Gas Company Limited(SSGC)	19,211,416 ▲ 0.56
Pervez Ahmed Consultancy / Jun 19 Pervez Ahmed Consultancy Services Ltd.(PASL)	11,925,489 ▲ 0.2
First Prudential Mod. / Jun 19 First Prudential Modaraba(PMI)	10,092,454 ▲ 0.11
Secure Logistics / Jun 19 Secure Logistics Group Limited(SLGL)	7,593,115 ▲ 0.9
Ist.Capital Sec / Jun 19 First Capital Securities Corporation(FCSC)	5,345,728 ▲ 0.1
Siddiqsons Tin / Jun 19 Siddiqsons Tin Plate Limited(STPL)	4,111,401 ▲ 0.23
Merit Packaging / Jun 19 Merit Packaging Limited(MERIT)	3,914,206 ▼ -0.16
PIA Holding Co.Ltd / Jun 19 PIA Holding Company Limited(PIAHCLA)	3,828,417 ▲ 0.29
Invest Bank / Jun 19 Invest Capital Investment Bank Limited(ICIBL)	3,825,255 ▲ 0.38

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