News stories for Syed Shabbar Zaidi

Syed Shabbar Zaidi

Opinion

We don’t yet know what lies in store for us–I

The Muslims of the subcontinent of India got an independent state for themselves in 1947. Unfortunately, however, ...

Published 30 Mar, 2023 06:35am

Opinion

Trying to look at Pakistan through Piketty’s prism – II

4- Pakistan is world’s only country where majority of the elected members of its parliament decided to give it a...

Published 23 Mar, 2023 05:47am

Opinion

Trying to look at Pakistan through Piketty’s prism–I

French economist Thomas Piketty’s erudite book Capital and Ideology published in 2019 is considered to be an...

Updated 22 Mar, 2023 06:47am

Opinion

Economy: we need medication to correct account acidity

On February 19, 2023 there was an article on Bloomberg titled China’s Debt Noose Could Strangle Pakistan by Mihir...

Published 09 Mar, 2023 06:23am

Opinion

Pakistan: political illusions and economic delusions

There is no pure economics for a state; it is always a political economy. Whilst examining the effect of the present...

Published 24 Feb, 2023 06:00am

Opinion

After the IMF tranche

On December 16, 2021 at a Hamdard University seminar where Dr Miftah Ismail was another speaker, I had said that...

Updated 14 Feb, 2023 01:05pm

Opinion

The tested players: two lost decades of Pakistan

A review of the economic condition during the period from 2002 to 2023 reflects two lost decades of Pakistan. During...

Published 27 Jan, 2023 06:41am

Opinion

FDI: disastrous policies

This writer has been writing following in response to the news that the Government of Pakistan is considering...

Published 11 Jan, 2023 06:33am

Opinion

Pakistan: a state and its citizens in state of denial – II

History cannot be undone; however, the complacency that crept in can somehow be brought to the surface. Given the...

Updated 05 Jan, 2023 06:32am

Opinion

Pakistan: a state and its citizens in state of denial – I

On December 16, 2021 at a seminar at Hamdard University where Dr Miftah Ismail, who later became country’s finance...

Published 04 Jan, 2023 06:02am

Opinion

Solution: import substitution

Pakistan is facing the worst-ever economic crisis in its history. Fiscal and current accounts do not balance; and...

Published 28 Dec, 2022 04:12am

Opinion

A tale of two siblings

Monday on October 31, 2022, Chandrasakeran, the Chairman of Tata Sons of India, announced the following: “It is...

Published 03 Nov, 2022 05:50am

Opinion

Deemed rent–indeed, a bad law

This is the second article on the subject. A concept of tax on deemed rent has been introduced by the Finance Act,...

Published 14 Sep, 2022 04:45am

Opinion

Economy: no light at the end of the tunnel

In my personal view a primary problem with regard to Pakistan’s economy is that there is a lack of complete and...

Published 07 Sep, 2022 04:13am

Opinion

Determining an individual’s residency status: some taxation anomalies

The Finance Act, 2022 has virtually decided that a Pakistani citizen can be taxed in Pakistan even if he never comes...

Published 24 Aug, 2022 05:08am

Opinion

Food for thought as Pakistan turns 75

Ayesha Jalal in her Struggle for Pakistan book has aptly stated: Truncated State, Divided Nation Religion is often...

Published 17 Aug, 2022 06:07am

Opinion

Is sovereign default inevitable? – IV

In this part of the multi-part series of articles I will describe underlying current of inflows and outflows of USD...

Updated 28 Jul, 2022 10:51am

Opinion

Is sovereign default inevitable? – III

This third part of this series of articles discusses, among other things, the subject of services imports. As usual,...

Updated 21 Jul, 2022 02:58pm

Opinion

Is sovereign default inevitable? – II

The first Prime Minister of India, Pandit Jawaharlal Nehru, said the following on the occasion of abolition of...

Updated 14 Jul, 2022 06:28am

Opinion

Is sovereign default inevitable? – I

Dr Rajendra Prasad, the first President of India, in his book ‘India Divided’, that he penned in 1945 stated ...

Published 06 Jul, 2022 05:35am

Gainers
Losers
Leaders

Stock	Price
Chakwal Spinning / Mar 30 Chakwal Spinning Mills Limited(CWSM)	1.36 ▲ 0.20 (17.24%)
First IBL Mod. / Mar 30 First IBL Modaraba(FIBLM)	5.90 ▲ 0.60 (11.32%)
First Pak Mod. / Mar 30 First Pak Modaraba(PAKMI)	1.34 ▲ 0.13 (10.74%)
Dewan Sugar / Mar 30 Dewan Sugar Mills Limited(DWSM)	2.57 ▲ 0.23 (9.83%)
Unicap Modaraba / Mar 30 Unicap Modaraba(UCAPM)	1.77 ▲ 0.15 (9.26%)
Premier Insurance / Mar 30 Premier Insurance Limited(PINL)	7.50 ▲ 0.63 (9.17%)
B.R.R.Guardian / Mar 30 B.R.R. Guardian Modaraba(BRR)	12.04 ▲ 0.99 (8.96%)
Ismail Ind. / Mar 30 Ismail Industries Limited(ISIL)	518.26 ▲ 36.15 (7.50%)
Khyber Tex. / Mar 30 Khyber Textile Mills Limited(KHYT)	397.42 ▲ 27.72 (7.50%)
Suraj Cotton / Mar 30 Suraj Cotton Mills Limited(SURC)	102.53 ▲ 7.15 (7.50%)

Stock	Price
First Prudential Mod. / Mar 30 First Prudential Modaraba(PMI)	1.40 ▼ -0.24 (-14.63%)
Trust Mod. / Mar 30 Trust Modaraba(TRSM)	1.30 ▼ -0.20 (-13.33%)
Sapphire Fibres / Mar 30 Sapphire Fibres Limited(SFL)	1018 ▼ -82.00 (-7.45%)
Sardar Chemical / Mar 30 Sardar Chemical Industries Limited(SARC)	32 ▼ -2.55 (-7.38%)
Gadoon Textile / Mar 30 Gadoon Textile Mills Limited(GADT)	192.50 ▼ -15.30 (-7.36%)
Philip Morris Pak. / Mar 30 Philip Morris (Pakistan) Limited(PMPK)	461 ▼ -36.43 (-7.32%)
Pakistan Services / Mar 30 Pakistan Services Limited(PSEL)	876 ▼ -69.10 (-7.31%)
Shield Corp. / Mar 30 Shield Corporation Limited(SCL)	282 ▼ -22.00 (-7.24%)
Bal. Wheel / Mar 30 Baluchistan Wheels Limited(BWHL)	68.42 ▼ -5.18 (-7.04%)
JDW Sugar / Mar 30 JDW Sugar Mills Limited(JDWS)	356 ▼ -26.79 (-7.00%)

Stock	Volume
Telecard Limited / Mar 30 Telecard Limited(TELE)	12,447,500 ▼ -0.21
WorldCall Telecom / Mar 30 Worldcall Telecom Limited(WTL)	9,398,662 ▲ 0.01
Pakistan Alumin / Mar 30 Pakistan Aluminium Beverage Cans Limited(PABC)	7,638,000 ▲ 0.23
Pak Elektron / Mar 30 Pak Elektron Limited(PAEL)	6,136,500 ▼ -0.05
Pak Int.Bulk / Mar 30 Pakistan International Bulk Terminal(PIBTL)	6,018,500 ▲ 0.08
Engro Corp / Mar 30 Engro Corporation Limited(ENGRO)	5,429,492 ▼ -0.02
Nishat Mills Ltd / Mar 30 Nishat Mills Limited(NML)	4,517,879 ▲ 0.46
Shifa Int.Hosp / Mar 30 Shifa International Hospitals Limited(SHFA)	4,299,000 ▼ -1.99
Agha Steel Ind. / Mar 30 Agha Steel Ind.Ltd(AGHA)	3,645,000 ▲ 0.36
K-Electric Ltd. / Mar 30 K-Electric Limited(KEL)	3,416,092 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 30	285.65
USD PKR Interbank Buying / Mar 30	283.65
USD to Japanese Yen / Mar 30	132.47
USD to Swiss Franc / Mar 30	0.92
Pound Sterling to USD / Mar 30	1.23
Euro to USD / Mar 30	1.08
UK LIBOR % / Mar 29	4.81

Stock	Volume
S&P 500 / Mar 29	4027.81
India Sensex / Mar 29	57960.09
Nasdaq / Mar 29	11926.24
Dow Jones / Mar 29	32717.60
Tokyo Nikkei / Mar 30	27782.93
Hang Seng / Mar 30	20309.13
FTSE 100 / Mar 30	7578.80
Germany DAX 30 / Mar 30	15430.39
France CAC40 / Mar 30	7235.99

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 29	18935
Gold 10 Grams PKR / Mar 29	176268
Crude Oil USD/Barrel / Mar 30	72.81
Gold Spot USD/Ounce / Mar 30	1963.79
Cotton US¢/pound / Mar 30	82.34

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