News stories for Syed Shabbar Zaidi

Syed Shabbar Zaidi

Opinion

Foreign assets declared under amnesty immune from CVT

Capital Value Tax (CVT) was levied by the federal government in 1989 on transactions relating to acquisition of...

Published 20 Jun, 2022 07:25am

Opinion

Wealth tax in the guise of deemed income

Whenever historians will write the history of an abusive, incorrect, absurd and technically incorrect tax imposition...

Published 16 Jun, 2022 06:03am

Opinion

Estimated/projected budget 2022-2023

The federal budget is expected to be presented on June 10, 2022. As a result of excessive politicisation of the...

Updated 07 Jun, 2022 10:26am

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	156.17
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 25	5048.42
Nasdaq / Apr 25	15611.76
FTSE 100 / Apr 25	8078.86
Dow Jones / Apr 25	38085.80
Germany DAX 30 / Apr 25	17917.28
France CAC40 / Apr 25	8016.65
India Sensex / Apr 26	74171.68
Tokyo Nikkei / Apr 26	37934.72

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 25	20535
Gold 10 Grams PKR / Apr 25	240900
Petrol/Litre / Apr 26	293.94
Crude Oil USD/Barrel / Apr 26	83.89
Gold Spot USD/Ounce / Apr 26	2336.33
Diesel/Litre / Apr 26	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 26 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 26 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 26 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 26 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 26 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 26 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 26 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 26 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 26 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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