News stories for Syed Shabbar Zaidi

Consolidating relationship with UAE post-FATF

United Arab Emirates, a state formed in the 1970s after consolidation of former Trucial states of Abu Dhabi, Dubai,...

Updated 13 Jan, 2021 03:32am

Opinion

New tax regime for builders & developers

This is a package for tax regime for persons engaged in construction industry as builders and developers. This is a...

Published 07 Jan, 2021 03:15am

Opinion

WPPF - a case for abrogation

In his book The Law of Taxation [1924] Thomas M. Cooley defined the term 'taxes' in very simple words: "Taxes are...

Published 05 Jan, 2021 03:14am

Opinion

Workers' welfare fund - a disguised tax

In my two articles on the subject I discussed the subject of Workers' Welfare Fund [WWF]. The thrust of these two...

Updated 29 Dec, 2020 03:48am

Opinion

Foreign assets and foreign assets declaration law: Strengthening the rule of law

The Federal Board of Revenue (FBR) in exercise of its powers under the Assets Declaration Act has released the rules...

Updated 24 Dec, 2020 03:25am

Opinion

Economic policymaking: Long-term tenures of top planning officials needed

One casualty of the fall of the Berlin Wall in the 1990s has been 'economic policy'. It does not mean that 'Economic...

Updated 22 Dec, 2020 04:03am

Opinion

WWF: A direct tax on income in the guise of labour levy

In an earlier article on this subject I had focused on the subject of validity of the instructions issued by the...

Published 14 Dec, 2020 02:49am

Opinion

Workers' Welfare Fund - a tax or a fund?

Pakistan People's Party regime from 1971 to 1977 provided some sort of socialistic framework for the economy. The...

Published 10 Dec, 2020 02:57am

Opinion

Circular debt or state subsidy on power?

In my article on the subject of state subsidy for power sector carried by this newspaper a few days ago I referred ...

Published 08 Dec, 2020 02:57am

Opinion

State subsidy: energy sector in Pakistan - II

As Chairman FBR I was handling the issue of withdrawal of zero rating for sales tax on five export-oriented sectors...

Published 02 Dec, 2020 02:49am

Opinion

State subsidy: energy sector in Pakistan - I

In continuation of my article on "State-sponsored corruption' in fiscal policies," an attempt has been made through...

Published 01 Dec, 2020 03:05am

Markets

‘State-sponsored’ corruption in fiscal policies of Pakistan — II

The primary question is whether our legislators who vehemently promote ‘democracy’ as defined by them ever...

Published 26 Nov, 2020 02:54am

Markets

'State-sponsored' corruption in fiscal policies of Pakistan - I

I did two posts on the social media addressed to two different groups of friends namely 'Corporate Pakistan' and...

Published 25 Nov, 2020 02:56am

Inflation, price hike and Pakistan's economic structure - II

It is a common knowledge in Paki-stan that in the present day market mechanism, middlemen buy crops or product of the agriculturist 'upfront' much before the production as the agriculturists/producers do not possess sufficient money for seed, fertilizer,

Published 07 May, 2019 12:00am

Inflation, price hike and Pakistan's economic structure - II

Published 07 May, 2019 12:00am

Markets

Inflation, price hike and Pakistan's economic structure - I

In the following months, especially in the month of Ramazan, our main topic of discussion will be inflation and resultant price hike. As expected there will be political uproar at various forums. As usual this subject will then be analyzed in relation to

Published 02 May, 2019 12:00am

Markets

Economy at the crossroads - II

These circumstances require a 'Balancing Act' that caters for long and medium term financial requirements of industrial units, especially export-based industries. There is a serious need to change the direction. Banking sector would have to play a vital r

Published 09 Mar, 2019 12:00am

Markets

Economy at the crossroads - II

Published 09 Mar, 2019 12:00am

Markets

Economy at crossroads - I

As appropriately indicated in the Economic Reform Package announced on January 23, 2019 Pakistan's economy is at the crossroads for a 'change' in policy paradigm. In the recently enacted Economic Package, a direction towards increase in domestic savings a

Published 08 Mar, 2019 12:00am

Money laundering-III: banking system and tax evasion

In this part of this series of articles on the subject of 'money laundering', the topic of discussion is the status of our financial system to ensure that there is no tax evasion and money laundering. This part will also identify that unlike other civiliz

Published 07 Jan, 2019 12:00am

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	158.33
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 26	5099.96
India Sensex / Apr 26	73730.16
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Hang Seng / Apr 26	17651.15
FTSE 100 / Apr 26	8139.83
Dow Jones / Apr 26	38239.66
Germany DAX 30 / Apr 26	18161.01

Item	Value
Crude Oil USD/Barrel / Apr 26	83.85
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 26	210048
Gold Spot USD/Ounce / Apr 26	2337.96
Cotton US¢/pound / Apr 26	80.90
Petrol/Litre / Apr 28	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 28 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 28 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 28 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 28 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 28 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 28 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 28 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 28 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 28 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 28 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 28 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 28 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 28 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 28 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 28 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 28 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 28 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 28 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 28 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 28 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 28 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 28 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 28 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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