News stories for Syed Shabbar Zaidi

Syed Shabbar Zaidi

Opinion

Concealment of income, FATF compliance: Improvements in tax administration required

In this last article of a multi-part series of articles I will discuss the improvements required in tax...

Published 28 Jul, 2021 04:45am

Opinion

Concealment of income and unexplained assets

This is the third part of a multi-part series of articles on the subject of concealment of income, anti-money...

Published 20 Jul, 2021 04:14am

Opinion

Anti-money laundering law and concealment of income liable to tax

In the first part of this series of articles on anti-money laundering (AML) laws it has been demonstrated that the...

Published 14 Jul, 2021 03:59am

Opinion

Understanding the AML law

Last month, the Financial Action Task Force (FATF) announced that Pakistan would continue to remain on its grey ...

Published 07 Jul, 2021 04:28am

Opinion

Budget: identifying defects and proposing corrections

The Federal Budget was presented on June 12 which was followed by the provincial budgets. Pakistan is a Federation...

Published 30 Jun, 2021 03:54am

Opinion

Towards an end to tax harassment

On the basis of my thirty years of tax practice I can assure you that the abuse of the under-mentioned three lines...

Published 22 Jun, 2021 04:46am

Opinion

Budget: Out-of-the-box actions

In the following paragraphs I will only discuss three major proposals in the proposed Finance Bill, 2021, two of...

Published 17 Jun, 2021 03:27am

Business & Finance

Federal Budget 2021-22: Comments & Observations

General Comments: The Budget Presented on Friday [June 11, 2021] is one of the best documents presented in almost...

Published 14 Jun, 2021 03:39am

Opinion

We seem to have no understanding of what ails our taxation system — III

Introduction This is the third part of a series of articles on the subject ‘We seem to have no understanding of...

Published 11 Jun, 2021 03:41am

Opinion

We seem to have no understanding of what ails our taxation system — II

• Reducing tax collection reliance at import stage INTRODUCTION In my article published in this newspaper on ...

Published 08 Jun, 2021 04:09am

Opinion

We seem to have no understanding of what ails our taxation system

Introduction I never wanted to write the following article for the simple reason that there isn’t anything good ...

Published 02 Jun, 2021 04:29am

Opinion

Free media and trust in state’s commitment to confidentiality of information: Dangerous disequilibrium

The country appears to have been facing a disequilibrium or an imbalance between free media and state’s commitment...

Published 26 Apr, 2021 03:29am

Opinion

MLIs: Notes on underlying concepts — II

Illustrations of Manner of Operation of MLI We give in the following paragraphs four illustrations of the manner ...

Published 22 Apr, 2021 03:55am

Opinion

MLIs: Notes on underlying concepts

Multilateral Convention to Implement Tax Treaty-Related Measures to Prevent Base Erosion and Profit Shifting (BEPS)...

Published 21 Apr, 2021 03:21am

Opinion

Correction or collection?

The Pakistan Tehrik-e-Insaf (PTI) government is trapped in the dilemma of ‘correction or collection’ especially...

Published 13 Apr, 2021 04:31am

Opinion

What should be better, fairer approach to asset declarations?

I wrote an article almost two months ago when draft rules were issued for the asset declaration law. I am happy to...

Published 07 Apr, 2021 03:48am

Business & Finance

Public misconceptions about SBP bill

In the following paragraphs I will be dilating on the subject of the role of various stakeholders with respect to...

Published 29 Mar, 2021 06:05am

Opinion

Privatisation of Discos: A dream that will never come true

It is my considered view that the decision to expedite the process of privatization of Discos is a dream that will...

Published 24 Mar, 2021 05:10am

Opinion

Tax exemptions withdrawal bill: an expert opinion

General A commentary on the economic and financial rationale for the actions proposed to be undertaken by way of...

Published 17 Mar, 2021 04:45am

Opinion

FDI: under-developed, developing economies

A report in press based on facts that during the current period the amount of dividend remitted out of Pakistan on...

Published 03 Mar, 2021 05:49am

Gainers
Losers
Leaders

Stock	Price
S.G. Power Ltd. / Jul 29 S.G. Power Limited(SGPL)	4.96 ▲ 0.54 (12.22%)
Ghazi Fab. / Jul 29 Ghazi Fabrics International Limited(GFIL)	13.60 ▲ 1.00 (7.94%)
Arpak Int. / Jul 29 Arpak International Investments Ltd.(ARPAK)	87.09 ▲ 6.07 (7.49%)
Sardar Chemical / Jul 29 Sardar Chemical Industries Limited(SARC)	38.19 ▲ 2.66 (7.49%)
Maqbool Tex. / Jul 29 Maqbool Textile Mills Limited(MQTM)	35.78 ▲ 2.49 (7.48%)
Leiner Gelatine / Jul 29 Leiner Pak Gelatine Limited(LPGL)	26.62 ▲ 1.85 (7.47%)
Sapphire Fib. / Jul 29 Sapphire Fibres Limited(SFL)	924.00 ▲ 64.00 (7.44%)
Quetta Textile / Jul 29 Quetta Textile Mills Limited(QUET)	12.79 ▲ 0.75 (6.23%)
Zephyr Tex / Jul 29 Zephyr Textiles Limited(ZTL)	18.25 ▲ 1.04 (6.04%)
Shahtaj Sug. / Jul 29 Shahtaj Sugar Mills Limited(SHJS)	56.00 ▲ 2.94 (5.54%)

Stock	Price
SME Leasing Ltd. / Jul 29 SME Leasing Limited(SLL)	2.97 ▲ -0.97 (-24.62%)
Image Pakistan / Jul 29 Image Pakistan Limited(IMAGE)	27.91 ▲ -6.29 (-18.39%)
Tri-Star / Jul 29 Tri-Star Mutual Fund Limited(TSMF)	6.05 ▲ -0.63 (-9.43%)
Saudi Pak Leas. / Jul 29 Saudi Pak Leasing Company Limited(SPLC)	2.35 ▲ -0.24 (-9.27%)
PICIC Insurance / Jul 29 PICIC Insurance Limited(PIL)	1.50 ▲ -0.14 (-8.54%)
Chakwal Spinning / Jul 29 Chakwal Spinning Mills Limited(CWSM)	2.83 ▲ -0.26 (-8.41%)
Gatron Ind. / Jul 29 Gatron (Industries) Limited(GATI)	520.78 ▲ -42.22 (-7.50%)
Ados Pakistan / Jul 29 Ados Pakistan Limited(ADOS)	15.31 ▲ -1.24 (-7.49%)
Dawood Equities / Jul 29 Dawood Equities Limited(DEL)	19.68 ▲ -1.59 (-7.48%)
TPL Ins. / Jul 29 TPL Insurance Limited(TPLI)	37.35 ▲ -2.99 (-7.41%)

Stock	Volume
Worldcall / Jul 29 Worldcall Telecom Limited(WTL)	29,882,500 ▼ 0.00
Byco Petroleum / Jul 29 Byco Petroleum Pakistan Limited(BYCO)	12,471,000 ▼ 0.00
Unity Foods / Jul 29 Unity Foods Limited(UNITY)	6,362,491 ▼ 0.00
Hascol Petroleum / Jul 29 Hascol Petroleum Limited(HASCOL)	3,774,783 ▼ 0.00
K-Electric Ltd / Jul 29 K-Electric Limited(KEL)	3,616,500 ▼ 0.00
Telecard Ltd. / Jul 29 Telecard Limited(TELE)	3,568,500 ▼ 0.00
TPL Corp / Jul 29 TPL Corp Limited(TPL)	3,545,000 ▼ 0.00
TRG Pakistan / Jul 29 TRG Pakistan Limited(TRG)	3,517,203 ▼ 0.00
Avanceon Ltd / Jul 29 Avanceon Limited(AVN)	3,457,000 ▼ 0.00
Silkbank / Jul 29 Silkbank Limited(SILK)	3,348,000 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 29	162.00
USD PKR Interbank Buying / Jul 29	161.90
USD to Japanese Yen / Jul 29	109.85
USD to Swiss Franc / Jul 29	0.91
Pound Sterling to USD / Jul 29	1.39
Euro to USD / Jul 29	1.18
UK LIBOR % / Jul 29	0.08

Stock	Volume
S&P 500 / Jul 29	4400.64
India Sensex / Jul 29	52443.71
Tokyo Nikkei / Jul 29	27725.72
Nasdaq / Jul 29	14762.59
Hang Seng / Jul 29	25473.88
FTSE 100 / Jul 29	7016.63
Dow Jones / Jul 29	34930.93
Germany DAX 30 / Jul 29	15570.36
France CAC40 / Jul 29	6609.31

Item	Value
Crude Oil / Jul 29	72.32
Karachi Cotton Assoc. / Jul 29	13080.00
Gold 10 Grams / Jul 29	94050.00
Gold Spot / Jul 29	1810.11
Cotton / Jul 29	90.52

Syed Shabbar Zaidi

Concealment of income, FATF compliance: Improvements in tax administration required

Concealment of income and unexplained assets

Anti-money laundering law and concealment of income liable to tax

Understanding the AML law

Budget: identifying defects and proposing corrections

Towards an end to tax harassment

Budget: Out-of-the-box actions

Federal Budget 2021-22: Comments & Observations

We seem to have no understanding of what ails our taxation system — III

We seem to have no understanding of what ails our taxation system — II

We seem to have no understanding of what ails our taxation system

Free media and trust in state’s commitment to confidentiality of information: Dangerous disequilibrium

MLIs: Notes on underlying concepts — II

MLIs: Notes on underlying concepts

Correction or collection?

What should be better, fairer approach to asset declarations?

Public misconceptions about SBP bill

Privatisation of Discos: A dream that will never come true

Tax exemptions withdrawal bill: an expert opinion

FDI: under-developed, developing economies

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