News stories for Huzaima Bukhari

Huzaima Bukhari

Opinion

Taxation: Doctrine of mutuality

It is an established principle that what is not "income" under the income tax law cannot be taxed, and where there ...

Published 27 Nov, 2020 03:08am

Opinion

Countering financial crimes

In recent days, Federal Board of Revenue (FBR) has taken many steps to enforce internal accountability mechanism to...

Published 20 Nov, 2020 03:04am

Opinion

Achievements & challenges: Fiscal Front

It is heartening to note that despite the challenges faced by economy due to Covid-19, followed by complete and...

Published 13 Nov, 2020 02:57am

Opinion

Unshackling debt shackles

It is now officially admitted that the coalition Government of Pakistan Tehreek-i-Insaf (PTI) secured over $13...

Published 06 Nov, 2020 02:59am

Opinion

Reforming judicial system

It is a fact that nothing worthwhile has been done by Legislature-no matter whether under civilian or military...

Updated 26 Oct, 2020 09:17am

Opinion

Supreme Court's Annual Report 2018-19: Improving dispensation of justice

The purpose of annual reports published by the Supreme Court of Pakistan is to highlight its performance with ...

Published 16 Oct, 2020 02:45am

Opinion

Federation, taxes & distribution-II

There is something fundamentally wrong with the structure of distribution of taxing powers between the federation ...

Published 11 Oct, 2020 02:47am

Opinion

Federation, taxes & distribution - I

On April 27, 2020, the 9th National Finance Commission (NFC), like 8th NFC, remained fruitless as the federation and...

Published 09 Oct, 2020 02:37am

Opinion

FBR’s Tax Directory 2018 Analysis — IIStartling facts & fallacies

The province- and region-wise collection is in percentage without mentioning from which sum these percentages have...

Published 04 Oct, 2020 02:47am

Opinion

FBR's Tax Directory 2018 Analysis - I: Startling facts & fallacies

Reference two-part series (FBR's statistics: a critical analysis-I, Business Recorder, September 25, 2020 and FBR's...

Updated 02 Oct, 2020 03:25am

Opinion

FBR's statistics: a critical analysis - II

The same position prevailed for tax year 2017. Out of total registered companies, only 42% (37,130) filed returns! ...

Updated 27 Sep, 2020 02:57am

Opinion

FBR's statistics: a critical analysis - I

On September 18, 2020, Federal Board of Revenue (FBR) released 'Parliamentarians' Tax Directory for Tax Year 2018',...

Published 25 Sep, 2020 02:45am

Opinion

Bewilderment over rational tax policy

There is a national consensus that the existing tax system needs to be completely restructured to provide an...

Published 18 Sep, 2020 02:59am

Opinion

Hidden agenda and 'deal' with Taliban-II

ARTICLE: George W. Bush appointed former aide to the American oil company UNOCAL, Afghan-born Zalmay Khalilzad, as...

Updated 13 Sep, 2020 02:57am

Opinion

Hidden agenda and 'deal' with Taliban

ARTICLE: On September 11, 2001, nineteen years ago, humanity at large witnessed one of the most gruesome and heinous...

Published 11 Sep, 2020 02:42am

Opinion

Need to reconsider fiscal management

ARTICLE: Punjab is the most populous [110 million people] province of Pakistan with largest resources and budget ...

Published 04 Sep, 2020 02:57am

Opinion

Harmful taxation of IT/telecom sectors

ARTICLE: The Pakistan telecom sector contributes steady inflow of heavy tax collections under major heads like...

Published 28 Aug, 2020 02:02am

Opinion

Taxation hindering investment

ARTICLE: This survey shows that international and national evidence points out that taxation and growth are...

Published 21 Aug, 2020 03:10am

Opinion

Independence Day considerations

ARTICLE: Today we are celebrating 73rd Independence Day with a hope that the new government, after two years in...

Published 14 Aug, 2020 03:15am

Opinion

FBR's quest for reforms, modernisation

ARTICLE: "We need to lower tax rates for everybody, starting with the top corporate tax rate. We need to simplify ...

Published 07 Aug, 2020 02:45am

Gainers
Losers
Leaders

Stock	Price
First Pak Modaraba / Nov 28 First Pak Modaraba(PAKMI)	1.8000 ▲ 0.20 (9.37%)
Premium Tex. / Nov 28 Premium Textile Mills Limited(PRET)	225.0000 ▲ 17.99 (8.69%)
Asim Textile / Nov 28 Asim Textile Mills Limited(ASTM)	8.9900 ▲ 0.44 (5.15%)
Macter Int. Ltd. / Nov 28 Macter International Limited(MACTER)	176.3000 ▲ 8.30 (4.94%)
TPL Corp / Nov 28 TPL Corp Limited(TPL)	7.9518 ▲ 0.65 (4.52%)
Tri-Star Power / Nov 28 Tri-Star Power Limited(TSPL)	3.7600 ▲ 0.16 (4.44%)
S. S. Oil / Nov 28 S.S.Oil Mills Limited(SSOM)	76.0700 ▲ 3.07 (4.19%)
Nazir Cotton / Nov 28 Nazir Cotton Mills Limited(NCML)	3.6000 ▲ 0.10 (2.86%)
Bilal Fibres / Nov 28 Bilal Fibres Limited(BILF)	1.5400 ▲ 0.09 (2.76%)
First Elite Cap. Mod. / Nov 28 First Elite Capital Modaraba(FECM)	3.1100 ▲ 0.06 (1.97%)

Stock	Price
BIPL securities / Nov 28 BIPL Securities Limited(BIPLS)	12.4900 ▼ 1.70 (-13.61%)
Gillette Pak / Nov 28 Gillette Pakistan Limited(GLPL)	306.2300 ▼ 41.73 (-13.55%)
Ruby Tex. / Nov 28 Ruby Textile Mills Limited(RUBY)	8.0000 ▼ 0.87 (-10.88%)
Hala Enterpries / Nov 28 Hala Enterprises Limited(HAEL)	7.8500 ▼ 1.34 (-10.84%)
EFU Life Assur. / Nov 28 EFU Life Assurance Limited(EFUL)	200.0000 ▼ 0.00 (-9.25%)
Mian Textile / Nov 28 Mian Textile Industries Limited(MTIL)	9.2400 ▼ 1.09 (-8.94%)
Arshad Energy / Nov 28 Arshad Energy Limited(AEL)	10.8400 ▼ 0.86 (-7.93%)
Chakwal Spinng / Nov 28 Chakwal Spinning Mills Limited(CWSM)	2.2700 ▼ 0.32 (-6.25%)
Mithchells / Nov 28 Mitchells Fruit Farms Limited(MFFL)	314.6800 ▼ 29.68 (-5.57%)
Unity Foods / Nov 28 Unity Foods Limited(UNITY)	25.4000 ▼ 2.19 (-5.12%)

Stock	Volume
Unity Foods / Nov 28 Unity Foods Limited(UNITY)	25,016,500 ▼ 2.19
TRG Pak. / Nov 28 TRG Pakistan Limited(TRG)	24,034,500 ▼ 4.74
Fauji Fert. Bin (R) / Nov 28 Fauji Fertilizer Bin Qasim Limited (R)(FFBLR)	20,878,500 ▼ 0.66
Hum Network / Nov 28 Hum Network Limited(HUMNL)	16,532,500 ▼ 0.86
Maple Leaf / Nov 28 Maple Leaf Cement Factory Limited(MLCF)	15,016,103 ▼ 2.46
TPL Corp / Nov 28 TPL Corp Limited(TPL)	12,651,500 ▼ 0.65
K-Electric Ltd / Nov 28 K-Electric Limited(KEL)	11,975,000 ▼ 0.21
Pakistan Refinery / Nov 28 Pakistan Refinery Limited(PRL)	9,142,000 ▼ 1.04
Hascol Petroleum / Nov 28 Hascol Petroleum Limited(HASCOL)	8,546,632 ▼ 0.60
Power Cement / Nov 28 Power Cement Limited(POWER)	8,255,000 ▼ 0.57

Markets →

Forex
World
Econ

Currency	Rate
USD PKR Interbank Selling / Nov 27	159.40
USD PKR Interbank Buying / Nov 27	159.30
USD to Japanese Yen / Nov 27	104.25
USD to Swiss Franc / Nov 27	0.91
Pound Sterling to USD / Nov 27	1.34
Euro to USD / Nov 27	1.19

Stock	Volume
S&P 500 / Nov 27	3629.65
India Sensex / Nov 27	44259.74
Tokyo Nikkei / Nov 27	26537.31
Nasdaq / Nov 27	12094.40
Hang Seng / Nov 27	26819.45
FTSE 100 / Nov 27	6362.93
Dow Jones / Nov 27	29872.47
Germany DAX 30 / Nov 27	13286.57
France CAC40 / Nov 27	5566.79

Indicator	Value
Per Capita Income USD (CPI) / Nov 19	1516.00
Weekly Foreign Reserves / Nov 27	20085.60
UK LIBOR % / Nov 27	0.08
GDPGROWTH / Nov 27	1.00
Foreign Debt (PKR billions) / Nov 27	17000.00
Average CPI % / Nov 27	11.11