News stories for Huzaima Bukhari

Huzaima Bukhari

Opinion

Disclosure principles of ‘beneficial ownership’

It is common practice across the globe that anonymous shell companies are formed to hold funds or conduct financial...

Published 24 Mar, 2023 05:55am

Opinion

New FATF guidelines: Shell companies and beneficial ownership

Shell companies are considered the safest means to stash wealth created through criminal activities. Incorporation ...

Updated 17 Mar, 2023 06:42am

Opinion

Salvation lies in structural reforms

Pakistan’s persistent economic failures, amongst other factors, are the result of constant disregard of the...

Published 10 Mar, 2023 03:46am

Opinion

FATF: upcoming challenges

The first meeting of the Financial Action Task Force (FATF) after Pakistan’s exit from the list of jurisdictions...

Updated 03 Mar, 2023 06:55am

Opinion

Countering illicit financial flows

The illicit movement of funds is a global challenge, threatening domestic and international financial systems. The...

Updated 24 Feb, 2023 06:34am

Opinion

IMF programme & reforms

Pakistan, one of the major victims of climate change, is fighting alone to manage the damages caused due to...

Published 17 Feb, 2023 06:00am

Opinion

FBR, IMF & revenue targets

The federal budget for fiscal year (FY) 2022-23 assigned an ambitious target of Rs. 7.470trillion to the Federal...

Published 10 Feb, 2023 03:56am

Opinion

Lethargic economic management

About 84% of countries are expected to have lower headline (consumer price index) inflation in 2023 than in 2022....

Published 03 Feb, 2023 06:17am

Opinion

Taxation of immovable property

The National Assembly through the Finance Act 2012 amended section 37(5) of the Income Tax Ordinance, 2001 [“the...

Updated 27 Jan, 2023 11:36pm

Opinion

Wheat crisis

Agrarian economy of Pakistan employs a large workforce and considered vital from a social, livelihood and foreign...

Published 20 Jan, 2023 06:35am

Opinion

Road to self-sustainability

During the last few decades, global economies have been facing tough challenges. The recent spell started in March...

Updated 13 Jan, 2023 07:28am

Opinion

FBR: Dwindling tax collection

Pakistan has one of the world’s lowest tax ratios, stemming from five main weaknesses: complexity, a narrow tax...

Published 06 Jan, 2023 05:58am

Opinion

2023: Disappointments & hopes

Year 2022 is bidding farewell to Pakistan leaving behind some unpleasant memories, natural disaster in the form of...

Updated 30 Dec, 2022 06:45am

Opinion

Criticality of resolution of Kashmir dispute

Today, the conflict over Kashmir between India and Pakistan is more than seven decades old with both neighboring...

Published 23 Dec, 2022 05:54am

Opinion

Cross-border illegal currency movement

Good governance plays an important role in setting the direction of any country. It ensures transparency and ...

Published 16 Dec, 2022 05:58am

Opinion

‘Beneficial Owner’

“Beneficial owner refers to the natural person(s) who ultimately owns or controls a customer and/or the natural...

Updated 09 Dec, 2022 06:36am

Opinion

Conceptual poverty of foreign policy

By looking closely at the interlinked deprivations of poor people, this report provides valuable insights on how to...

Published 25 Nov, 2022 05:48am

Opinion

Putting the record straight: a rejoinder

In response to our article [FBR: dismal income tax collection, Business Recorder, November 11, 2022], the Federal...

Updated 18 Nov, 2022 10:29am

Opinion

FBR: dismal income tax collection

The continuously declining dismal share of income tax in overall tax collection during the last many years testifies...

Published 11 Nov, 2022 05:54am

Opinion

Confiscation and recovery of assets

EDITORIAL: Countries should consider adopting measures that allow such proceeds or instrumentalities to be...

Published 04 Nov, 2022 05:56am

Gainers
Losers
Leaders

Stock	Price
Pak Gen.Ins. / Mar 29 The Pakistan General Insurance Co. Ltd.(PKGI)	4.45 ▲ 0.65 (17.11%)
Popular Islamic / Mar 29 Popular Islamic Modaraba(PIM)	8.15 ▲ 1.00 (13.99%)
KASB Modaraba / Mar 29 KASB Modaraba(KASBM)	1.24 ▲ 0.15 (13.76%)
Unicap Modaraba / Mar 29 Unicap Modaraba(UCAPM)	2.02 ▲ 0.22 (12.22%)
Invest Bank / Mar 29 Invest Capital Investment Bank Limited(ICIBL)	1.19 ▲ 0.10 (9.17%)
J.K.Spinning / Mar 29 J.K. Spinning Mills Limited(JKSM)	43.32 ▲ 3.02 (7.49%)
Khairpur / Mar 29 Khairpur Sugar Mills Limited(KPUS)	67.61 ▲ 4.71 (7.49%)
Quetta Textile / Mar 29 Quetta Textile Mills Limited(QUET)	15.22 ▲ 1.06 (7.49%)
Zahid Jee Textile / Mar 29 Zahidjee Textile Mills Limited(ZAHID)	26.87 ▲ 1.87 (7.48%)
Shield Corp. / Mar 29 Shield Corporation Limited(SCL)	304 ▲ 20.89 (7.38%)

Stock	Price
Pak. P.V.C. / Mar 29 Pakistan PVC Limited(PPVC)	3.91 ▼ -0.99 (-20.20%)
U.D.L.Modaraba / Mar 29 First UDL Modaraba(FUDLM)	4.52 ▼ -0.68 (-13.08%)
Bilal Fibres / Mar 29 Bilal Fibres Limited(BILF)	2.15 ▼ -0.29 (-11.89%)
Ghazi Fabrics / Mar 29 Ghazi Fabrics International Limited(GFIL)	4.07 ▼ -0.34 (-7.71%)
Metro Steel / Mar 29 Metropolitan Steel Corporation Limited(MSCL)	27.39 ▼ -2.22 (-7.50%)
Nimir Ind.Chem. / Mar 29 Nimir Industrial Chemicals Limited(NICL)	57.77 ▼ -4.68 (-7.49%)
Nagina Cot. / Mar 29 Nagina Cotton Mills Limited(NAGC)	55.70 ▼ -4.49 (-7.46%)
Pak Datacom / Mar 29 Pak Datacom Limited(PAKD)	59.51 ▼ -4.44 (-6.94%)
Media Times Ltd / Mar 29 Media Times Limited(MDTL)	1.85 ▼ -0.13 (-6.57%)
Saritow Spinning / Mar 29 Saritow Spinning Mills Limited(SSML)	4.10 ▼ -0.26 (-5.96%)

Stock	Volume
Telecard Limited / Mar 29 Telecard Limited(TELE)	23,781,500 ▼ -0.25
WorldCall Telecom / Mar 29 Worldcall Telecom Limited(WTL)	8,899,255 ▼ -0.02
Pakistan Alumin / Mar 29 Pakistan Aluminium Beverage Cans Limited(PABC)	7,556,500 ▼ -1.90
Pak Int.Bulk / Mar 29 Pakistan International Bulk Terminal(PIBTL)	5,886,000 ▼ -0.22
Nishat Mills Ltd / Mar 29 Nishat Mills Limited(NML)	4,466,438 ▼ -0.92
Shifa Int.Hosp / Mar 29 Shifa International Hospitals Limited(SHFA)	4,291,500 ▲ 8.00
K-Electric Ltd. / Mar 29 K-Electric Limited(KEL)	3,769,542 ▼ -0.02
Habib Bank / Mar 29 Habib Bank Limited(HBL)	3,527,993 ▼ -1.25
D.G.K.Cement / Mar 29 D.G. Khan Cement Company Limited(DGKC)	3,430,473 ▼ -0.07
Maple Leaf Cement / Mar 29 Maple Leaf Cement Factory Limited(MLCF)	2,560,318 ▼ -0.17

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 29	284
USD PKR Interbank Buying / Mar 29	283.40
USD to Japanese Yen / Mar 29	131.67
USD to Swiss Franc / Mar 29	0.92
Pound Sterling to USD / Mar 29	1.23
Euro to USD / Mar 29	1.08
UK LIBOR % / Mar 28	4.81

Stock	Volume
S&P 500 / Mar 28	3971.27
Nasdaq / Mar 28	11716.08
Dow Jones / Mar 28	32394.25
India Sensex / Mar 29	57772.50
Tokyo Nikkei / Mar 29	27883.78
Hang Seng / Mar 29	20191.68
FTSE 100 / Mar 29	7506.30
Germany DAX 30 / Mar 29	15242.54
France CAC40 / Mar 29	7139.99

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 28	18935
Gold 10 Grams PKR / Mar 28	175411
Crude Oil USD/Barrel / Mar 29	73.63
Gold Spot USD/Ounce / Mar 29	1966.74
Cotton US¢/pound / Mar 29	82

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