News stories for Syed Shabbar Zaidi

Syed Shabbar Zaidi

Opinion

Tax havens and double standards—II

Intellectual crime against Pakistan and other poor countries Developing countries lose on all counts due to the...

Published 14 Oct, 2021 04:14am

Opinion

Tax havens and double standards-I

Prime Minister Imran Khan has rightly observed that the matters relating to offshore tax havens are to be seen in ...

Published 13 Oct, 2021 04:47am

Opinion

USD-PKR parity-II

It is very unfortunate that Pakistan's foreign exchange market is not based on fundamentals that are there in other...

Published 08 Oct, 2021 04:30am

Opinion

USD-PKR parity—I

Noted rating agency recently predicted that USD/ Rupee parity will reach around Rs 180 to USD 1 by next year. Their...

Published 07 Oct, 2021 04:25am

Business & Finance

Comments on Tax Laws (Third Amendment) Ordinance, 2021

A review of the provisions introduced reveals that after a long time concrete and positive steps have been ...

Published 20 Sep, 2021 05:23am

Opinion

Karachi: economic powerhouse

Two news items last week prompted me to write on the economy of Karachi, the country’s largest city and its...

Published 16 Sep, 2021 04:02am

Opinion

Correcting perceptions about MSCI downgrade

Pakistan Stock Exchange (PSX) index was downgraded from Emerging Market to Frontier Market recently by MSCI (Morgan...

Published 14 Sep, 2021 03:55am

Opinion

Events in Afghanistan

The current Afghan situation is to be seen on a bigger canvas not limited to events after the Soviet invasion in...

Published 02 Sep, 2021 04:21am

Opinion

Biden's minimum corporate rate of 15%: a Pakistani's perspective

One of the major initiatives of the new administration at the Capitol Hill in Washington is Joe Biden's...

Published 04 Aug, 2021 04:14am

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

Gainers
Losers
Leaders

Stock	Price
786 Investments / Oct 19 786 Investments Limited(786)	7.10 ▼ 0.00 (0.00%)
AL- Abbas / Oct 19 Al-Abbas Sugar Mills Limited(AABS)	282.01 ▼ 0.00 (0.00%)
Agro Allianz / Oct 19 Agro Allianz limited(AAL)	11.10 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 19 Allied Bank Limited(ABL)	77.76 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 19 Abbott Laboratories (Pakistan) Limited(ABOT)	779.91 ▼ 0.00 (0.00%)
Abson Ind. / Oct 19 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Attock Cement / Oct 19 Attock Cement Pakistan Limited(ACPL)	137.00 ▼ 0.00 (0.00%)
Adam Sugar / Oct 19 Adam Sugar Mills Limited(ADAMS)	31.20 ▼ 0.00 (0.00%)

Stock	Price
786 Investments / Oct 19 786 Investments Limited(786)	7.10 ▼ 0.00 (0.00%)
AL- Abbas / Oct 19 Al-Abbas Sugar Mills Limited(AABS)	282.01 ▼ 0.00 (0.00%)
Agro Allianz / Oct 19 Agro Allianz limited(AAL)	11.10 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 19 Allied Bank Limited(ABL)	77.76 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 19 Abbott Laboratories (Pakistan) Limited(ABOT)	779.91 ▼ 0.00 (0.00%)
Abson Ind. / Oct 19 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Attock Cement / Oct 19 Attock Cement Pakistan Limited(ACPL)	137.00 ▼ 0.00 (0.00%)
Adam Sugar / Oct 19 Adam Sugar Mills Limited(ADAMS)	31.20 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 19	172.90
USD PKR Interbank Buying / Oct 19	172.80
USD to Japanese Yen / Oct 19	114.28
USD to Swiss Franc / Oct 19	0.92
Pound Sterling to USD / Oct 19	1.37
Euro to USD / Oct 19	1.16
UK LIBOR % / Oct 19	0.07

Stock	Volume
S&P 500 / Oct 19	4486.46
India Sensex / Oct 19	61765.59
Tokyo Nikkei / Oct 19	29025.46
Nasdaq / Oct 19	15021.81
Hang Seng / Oct 19	25409.75
FTSE 100 / Oct 19	7203.33
Dow Jones / Oct 19	35258.61
Germany DAX 30 / Oct 19	15474.47
France CAC40 / Oct 19	6673.10