News stories for Huzaima Bukhari

Huzaima Bukhari

Opinion

Taxing what is not 'income'-II

In the Shahid Pervaiz v Ejaz Ahmad and others 2017 SCMR 206, 14-member bench of Supreme Court held: "....where the...

Published 13 Dec, 2020 02:44am

Opinion

Taxing what is not 'income'- I

It is a cardinal principle that what is not "income" cannot be taxed under the income tax law (presently in ...

Updated 11 Dec, 2020 03:32am

Opinion

'Services' & immovable property income taxation: Constitutional violations

The taxation of "services" mentioned in section 153(1)(b) of the Income Tax Ordinance, 2001 ["the Ordinance"] with...

Published 04 Dec, 2020 03:04am

Markets

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

Markets

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

Markets

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

Markets

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

Markets

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

Markets

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

Markets

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

Markets

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

Gainers
Losers
Leaders

Stock	Price
786 Investments / Oct 18 786 Investments Limited(786)	7.12 ▼ 0.00 (0.00%)
AL- Abbas / Oct 18 Al-Abbas Sugar Mills Limited(AABS)	282.01 ▼ 0.00 (0.00%)
Agro Allianz / Oct 18 Agro Allianz limited(AAL)	11.10 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 18 Allied Bank Limited(ABL)	78.15 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 18 Abbott Laboratories (Pakistan) Limited(ABOT)	780.00 ▼ 0.00 (0.00%)
Abson Ind. / Oct 18 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Attock Cement / Oct 18 Attock Cement Pakistan Limited(ACPL)	137.00 ▼ 0.00 (0.00%)
Adam Sugar / Oct 18 Adam Sugar Mills Limited(ADAMS)	31.24 ▼ 0.00 (0.00%)

Stock	Price
786 Investments / Oct 18 786 Investments Limited(786)	7.12 ▼ 0.00 (0.00%)
AL- Abbas / Oct 18 Al-Abbas Sugar Mills Limited(AABS)	282.01 ▼ 0.00 (0.00%)
Agro Allianz / Oct 18 Agro Allianz limited(AAL)	11.10 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 18 Allied Bank Limited(ABL)	78.15 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 18 Abbott Laboratories (Pakistan) Limited(ABOT)	780.00 ▼ 0.00 (0.00%)
Abson Ind. / Oct 18 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Attock Cement / Oct 18 Attock Cement Pakistan Limited(ACPL)	137.00 ▼ 0.00 (0.00%)
Adam Sugar / Oct 18 Adam Sugar Mills Limited(ADAMS)	31.24 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 16	171.25
USD PKR Interbank Buying / Oct 16	171.15
USD to Japanese Yen / Oct 16	114.22
USD to Swiss Franc / Oct 16	0.92
Pound Sterling to USD / Oct 16	1.38
Euro to USD / Oct 16	1.16
UK LIBOR % / Oct 16	0.07

Stock	Volume
S&P 500 / Oct 16	4471.37
India Sensex / Oct 16	61305.95
Tokyo Nikkei / Oct 16	29068.63
Nasdaq / Oct 16	14897.34
Hang Seng / Oct 16	25330.96
FTSE 100 / Oct 16	7234.03
Dow Jones / Oct 16	35294.76
Germany DAX 30 / Oct 16	15587.36
France CAC40 / Oct 16	6727.52