News stories for Syed Shabbar Zaidi

Syed Shabbar Zaidi

Opinion

Pakistan’s projected USD cash flows: an accountant’s perspective

In this important article I will present the projected cash flow statements of Pakistan for the period starting from...

Published 19 May, 2022 05:29am

Opinion

Living beyond means

Pakistan’s external debt averaged USD 65.223 billion from 2002 until 2021, reaching an all-time high of USD ...

Updated 11 May, 2022 10:26pm

Opinion

Back to square one?

After an eventful night in Islamabad the country is back to square one. After three and half years’ rule of...

Updated 20 Apr, 2022 10:43pm

Opinion

Tough economic decisions & fragile political mandate

Very few people may have actually experienced the moment of helplessness when there is a clash between the need for...

Published 31 Mar, 2022 05:11am

Opinion

It’s time to reflect

As we celebrate the Pakistan Day (Pakistan Resolution Day) today, it is important to go back to the original scheme...

Published 23 Mar, 2022 04:58am

Opinion

Assets held abroad: Misinterpretation of law

There were the Panama Leaks in 2017 followed by the Paradise Leaks and Pandora Leaks. Now there is a Swiss Leak...

Updated 03 Mar, 2022 09:58am

Opinion

Transfer of foreign exchange — avoid ‘hawala’

Pakistan has always been short of foreign exchange and it will remain so in the unforeseeable future. However, on...

Published 23 Feb, 2022 04:54am

Opinion

Distribution of resources among federation, provinces and local governments

History is replete with evidence that economics is the underlying basis of most political actions and reactions. In...

Published 16 Feb, 2022 06:20am

Opinion

Exports: big boost possible

The Commerce Minister of Bangladesh (BD) has set his country’s export target for 2022-2025 at $ 80 billion. BD has...

Published 02 Feb, 2022 04:45am

Opinion

2013-18: Subsidising imported goods but at what cost?

The Federal Finance Minister Shaukat Tarin has stated that USD 60 billion had been spent to maintain the ...

Published 26 Jan, 2022 04:42am

Opinion

Why the ideal of accountability always remains elusive?

Prime Minister Imran Khan admitted recently that the PTI government has not been able to conduct accountability in...

Published 19 Jan, 2022 06:15am

Opinion

The entity is bankrupt: surgery is required—II

The most authentic document on Pakistan’s (organized) economy is the Pakistan Economic Survey. The Survey for...

Updated 29 Dec, 2021 03:59pm

Opinion

The entity is bankrupt: surgery is required — I

I delivered a lecture before a graduation class in Hamdard University on December 15, 2021, which as per my...

Updated 22 Dec, 2021 04:14pm

Opinion

‘In trust’ and ‘trust in’: a comment on trust acts—II

Under sub-section (1) of Section 12A of the Sindh Trusts Act, 2020, a specialized trust is required to obtain a ...

Published 17 Dec, 2021 04:30am

Opinion

‘In trust’ and ‘trust in’: a comment on trust acts—I

Purpose of these notes These notes have been prepared for the following reasons: • The Trust Act 1882 which was...

Published 16 Dec, 2021 04:00am

Opinion

Pakistan’s economy: Are interest rates relevant?

The level, extent, nature and composition of ‘cash economy’ of the country constitute a subject which is not...

Published 09 Dec, 2021 04:29am

Opinion

Domestic debt trap: an accountant’s perspective

I’m no economist per se. As an accountant, however, I’m deeply concerned at the steep hike of 150 basis points...

Updated 25 Nov, 2021 11:02am

Opinion

Wake up before it’s too late — II

Turkey was not admitted to the European Union (EU) mainly because of the fact that the union is inherently a ...

Updated 30 Oct, 2021 02:55pm

Opinion

Wake up before it’s too late—I

This week, three events related to Pakistan in international spheres have been largely ignored by media. These are...

Published 28 Oct, 2021 04:06am

Opinion

Riyasat-e-Madina—II ‘Mecca may rightly be called a merchant republic’

That the Prophet Muhammad (PBUH) became rich after marriage and success of trade the income obtained was used on the...

Published 23 Oct, 2021 04:01am

Gainers
Losers
Leaders

Stock	Price
B. F. Mod. / May 20 B.F. Modaraba(BFMOD)	6.00 ▲ 1.00 (20.00%)
Pak Gulf Leasing / May 20 Pak-Gulf Leasing Company Limited(PGLC)	6.00 ▲ 1.00 (20.00%)
Silk Bank Ltd / May 20 Silkbank Limited(SILK)	1.24 ▲ 0.16 (14.81%)
Paramount Mod / May 20 First Paramount Modaraba(FPRM)	8.00 ▲ 1.00 (14.29%)
Service Textile / May 20 Service Industries Textiles Limited(SERT)	10.90 ▲ 0.90 (9.00%)
Ruby Tex. / May 20 Ruby Textile Mills Limited(RUBY)	4.00 ▲ 0.30 (8.11%)
Aisha Steel Mill / May 20 Aisha Steel Mills Limited(ASL)	11.85 ▲ 0.86 (7.83%)
First Imrooz Mod. / May 20 First Imrooz Modaraba(FIMM)	134.38 ▲ 9.37 (7.50%)
Janana D Mal / May 20 Janana De Malucho Textile Mills Limited(JDMT)	55.04 ▲ 3.84 (7.50%)
Sapphire Textile / May 20 Sapphire Textile Mills Limited(SAPT)	1004.55 ▲ 70.05 (7.50%)

Stock	Price
East West Ins. / May 20 East West Insurance Company Limited(EWIC)	77.07 ▲ -12.49 (-13.95%)
Pak. P.V.C. / May 20 Pakistan PVC Limited(PPVC)	4.32 ▲ -0.42 (-8.86%)
Trust Mod. / May 20 Trust Modaraba(TRSM)	1.66 ▲ -0.14 (-7.78%)
Crescent Cotton / May 20 Crescent Cotton Mills Limited(CCM)	46.25 ▲ -3.75 (-7.50%)
Gatron Ind. / May 20 Gatron (Industries) Limited(GATI)	415.10 ▲ -33.65 (-7.50%)
AL-Noor Sugar / May 20 Al-Noor Sugar Mills Limited(ALNRS)	61.86 ▲ -5.01 (-7.49%)
Frontier Ceram / May 20 Frontier Ceramics Limited(FRCL)	29.60 ▲ -2.39 (-7.47%)
S.G.Power / May 20 S.G. Power Limited(SGPL)	4.45 ▲ -0.35 (-7.29%)
Imperial Limited / May 20 Imperial Limited(IML)	13.95 ▲ -1.06 (-7.06%)
Pace (Pak) Ltd. / May 20 Pace (Pakistan) Limited(PACE)	2.99 ▲ -0.22 (-6.85%)

Stock	Volume
Ghani Glo Hol / May 20 Ghani Global Holdings Limited(GGL)	15,051,376 ▼ 0.00
WorldCall Telecom / May 20 Worldcall Telecom Limited(WTL)	13,323,000 ▼ 0.00
Silk Bank Ltd / May 20 Silkbank Limited(SILK)	13,067,500 ▼ 0.00
Telecard Limited / May 20 Telecard Limited(TELE)	9,576,000 ▼ 0.00
Cnergyico PK / May 20 Cnergyico PK Limited(CNERGY)	7,490,536 ▼ 0.00
Fauji Cement / May 20 Fauji Cement Company Limited(FCCL)	6,985,000 ▼ 0.00
Unity Foods Ltd / May 20 Unity Foods Limited(UNITY)	6,435,098 ▼ 0.00
Engro Polymer / May 20 Engro Polymer & Chemicals Limited(EPCL)	5,808,622 ▼ 0.00
Pak Int.Bulk / May 20 Pakistan International Bulk Terminal(PIBTL)	5,229,500 ▼ 0.00
Pak Elektron / May 20 Pak Elektron Limited(PAEL)	5,056,000 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 19	199.00
USD PKR Interbank Buying / May 19	198.80
USD to Japanese Yen / May 19	128.45
USD to Swiss Franc / May 19	0.99
Pound Sterling to USD / May 19	1.23
Euro to USD / May 19	1.05
UK LIBOR % / May 19	0.82

Stock	Volume
S&P 500 / May 19	3923.68
India Sensex / May 19	54208.53
Tokyo Nikkei / May 19	26205.29
Nasdaq / May 19	11418.16
Hang Seng / May 19	20041.14
FTSE 100 / May 19	7438.09
Dow Jones / May 19	31490.07
Germany DAX 30 / May 19	14007.76
France CAC40 / May 19	6352.94

Item	Value
Crude Oil / May 19	110.10
Karachi Cotton Assoc. / May 19	21180.00
Gold 10 Grams / May 19	113300.00
Gold Spot / May 19	1815.89
Cotton / May 19	128.99

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