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shabbar zaidi

In bid to enhance recovery, FBR speeds up issuing of notices to taxpayers

LAHORE: The Federal Board of Revenue (FBR) has sped up issuing of notices to taxpayers to enhance recovery efforts ...

Published 05 Jan, 2023 05:58am

Pakistan

Caretaker govt to be formed by March, says Shabbar

KARACHI: Former chairman of the Federal Board of Revenue (FBR) Shabbar Zaidi claimed Tuesday that a caretaker setup...

Published 04 Jan, 2023 06:02am

Opinion

PARTLY FACETIOUS: Caretaker setup may be in place?

“The difference between an individual decision maker and an institution is that the former focuses only on Plan A...

Published 30 Dec, 2022 05:50am

Notice issued to Shabbar withdrawn on FTO’s order

ISLAMABAD: The timely intervention of the Federal Tax Ombudsman (FTO) has resulted in the withdrawal of an illegal...

Updated 30 Dec, 2022 08:42am

Assets declared under two statutes not subject to CVT: expert

ISLAMABAD: Former chairman of the Federal Board of Revenue (FBR), Shabbar Zaidi Friday said that assets declared...

Updated 29 Oct, 2022 09:46am

Pakistan

Revoke FTAs to tackle current account deficit: Shabbar Zaidi

Recommends imposing 10-year economic emergency in Pakistan

Published 15 Oct, 2022 11:06pm

Business & Finance

Tax expert criticises ‘overstaffed’ FBR

ISLAMABAD: Former chairman Federal Board of Revenue (FBR) Shabbar Zaidi has said that the FBR is collecting most of...

Updated 19 Sep, 2022 09:24am

Expert for enforcing tax writ firmly

ISLAMABAD: Former chairman Federal Board of Revenue (FBR) Shabbar Zaidi categorically said that the government has ...

Updated 29 Aug, 2022 09:47am

Pakistan

ZU holds interactive debate on economic problems, solutions

KARACHI: Ziauddin University presented the 13th interactive series of ZU Dialogues, on “Pakistan’s Economic...

Published 09 Jul, 2022 03:57am

Business & Finance

Finance bill 2022: Fundamental policy for IPPs changed, points out tax expert

ISLAMABAD: The Federal Board of Revenue (FBR) has placed a time limitation on the income tax exemption of the power...

Published 22 Jun, 2022 05:58am

Business & Finance

Three major revenue measures may be challenged in court: Shabbar

ISLAMABAD: Three major revenue measures (direct taxes) of the Finance Bill, 2022, having accumulated revenue impact...

Published 16 Jun, 2022 06:55am

Above Rs50,000 purchase: Shabbar Zaidi concerned at likely withdrawal of CNIC condition

ISLAMABAD: Former Chairman Federal Board of Revenue (FBR) Shabbar Zaidi has expressed serious concern over the...

Updated 09 May, 2022 09:43am

Pakistan

Allegations of favouring six big companies: PAC accepts FBR’s ‘clean chit’ to Shabbar Zaidi’s response

ISLAMABAD: The Public Accounts Committee (PAC), on Thursday, accepted the response of the Federal Board of Revenue...

Published 25 Feb, 2022 06:19am

BR Research

IPP WHT revision: good move, poor optics?

In a summary moved to ECC, the government has sought approval to reduce the WHT on IPPs under 2015 policy for ...

Published 11 Feb, 2022 08:17am

Purported favour to 6 big firms: FBR gives its ex-chairman Zaidi a clean chit

ISLAMABAD: The Federal Board of Revenue (FBR),Thursday, gave a clean chit to the former chairman FBR and top...

Updated 11 Feb, 2022 09:47am

Foreign investors operating in EPZ: FBR ‘inadvertently’ withdraws tax exemption

ISLAMABAD: The Federal Board of Revenue (FBR) has inadvertently withdrawn sales tax exemption to the foreign...

Updated 18 Jan, 2022 09:45am

Business & Finance

'Misreported': Shabbar Zaidi’s ‘Pakistan is bankrupt’ statement stirs controversy

Former FBR chief says three minutes of his speech have been 'cherry-picked'

Published 16 Dec, 2021 05:29pm

Business & Finance

Pakistan Cables wins Award

KARACHI: Pakistan Cables won the prestigious Corporate Excellence Award 2021 in the Cables and Electrical Goods...

Published 11 Nov, 2021 05:20am

Attachment of bank accounts: FBR yet to withdraw orders despite Senate panel’s directives

ISLAMABAD: Despite clear directions of the Senate Standing Committee on Finance, the Federal Board of Revenue (FBR)...

Published 04 Nov, 2021 04:16am

Pakistan

Corporate compliances: Former FBR chairman explains how higher growth can be achieved

KARACHI: The Management Association of Pakistan (MAP) has organised 36th Corporate Excellence Awards here at local...

Published 29 Oct, 2021 05:05am

Bank account attachment: Senate panel asks FBR to withdraw orders

ISLAMABAD: The Senate Standing Committee on Finance has recommended to the Federal Board of Revenue (FBR) to...

Updated 22 Oct, 2021 09:57am

Editorials

A retrogressive step by FBR

EDITORIAL: It was for good reason that the first directive issued by former FBR Chairman Shabbar Zaidi mandated tax...

Published 16 Oct, 2021 04:49am

Attachment of bank account: FBR withdraws instructions issued by Shabbar

ISLAMABAD: The Federal Board of Revenue (FBR) Monday withdrew instructions issued by former FBR chairman Shabbar...

Updated 12 Oct, 2021 09:51am

Business & Finance

'Chinese contractors, sugar millers withdrew huge cash from banks during my tenure': ex-FBR chief

ISLAMABAD: Former chairman Federal Board of Revenue (FBR) Shabbar Zaidi said that during his tenure as the board's...

Published 27 Sep, 2021 05:51am

Pakistan

‘Economic policy success lies in benefits to common man’

ISLAMABAD: Economic policy cannot be successful until and unless it benefits the common man. This was the conclusion...

Published 10 Jul, 2021 03:42am

Pakistan

Inter-corporate dividends: PBC expresses disappointment over non-removal of double taxation

ISLAMABAD: Pakistan Business Council (PBC) has expressed its disappointment over not removing double taxation on...

Published 15 Jun, 2021 03:30am

Former FBR chief Shabbar makes budget proposals

ISLAMABAD: The government should introduce a case settlement scheme for out-of-court settlement, implement...

Published 28 May, 2021 04:08am

Pakistan

Govt urged to determine magnitude of illegal trade

KARACHI: The Stop Illegal Trade (SIT), an advisory forum for prevention of illicit trade in the country, has...

Published 27 May, 2021 03:40am

Business & Finance

PSO refutes reports, says not shifting Head Office to Islamabad from Karachi

“Pakistan State Oil would like to refute the news circulating on social media about its head office shifting to Islamabad. We will continue to run our operations from Karachi,” stated PSO in a statement on Monday.

Updated 08 Feb, 2021 12:37pm

Opinion

Zero-rating debate

This is apropos a Business Recorder op-ed “Zero-rating of sales tax on export-oriented sectors: It cannot be...

Published 29 Jan, 2021 04:55am

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Feb 4 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Feb 4 Al-Abbas Sugar Mills Limited(AABS)	352 ▼ 0.00 (0.00%)
Agro Allianz / Feb 4 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Feb 4 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Feb 4 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Feb 4 Allied Bank Limited(ABL)	65.61 ▼ 0.00 (0.00%)
Abbott Lab. / Feb 4 Abbott Laboratories (Pakistan) Limited(ABOT)	386.75 ▼ 0.00 (0.00%)
Abson Ind. / Feb 4 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Feb 4 Alfalah Consumer Index ETF.(ACIETF)	6.39 ▼ 0.00 (0.00%)
Attock Cement / Feb 4 Attock Cement Pakistan Limited(ACPL)	55.48 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Feb 4 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Feb 4 Al-Abbas Sugar Mills Limited(AABS)	352 ▼ 0.00 (0.00%)
Agro Allianz / Feb 4 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Feb 4 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Feb 4 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Feb 4 Allied Bank Limited(ABL)	65.61 ▼ 0.00 (0.00%)
Abbott Lab. / Feb 4 Abbott Laboratories (Pakistan) Limited(ABOT)	386.75 ▼ 0.00 (0.00%)
Abson Ind. / Feb 4 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Feb 4 Alfalah Consumer Index ETF.(ACIETF)	6.39 ▼ 0.00 (0.00%)
Attock Cement / Feb 4 Attock Cement Pakistan Limited(ACPL)	55.48 ▼ 0.00 (0.00%)

Stock	Volume
Hub Power Co. / Feb 4 The Hub Power Company Limited(HUBC)	7,912,174 ▼ 0.00
Cnergyico PK / Feb 4 Cnergyico PK Limited(CNERGY)	7,490,206 ▼ 0.00
Dewan Motors / Feb 4 Dewan Farooque Motors Limited(DFML)	5,698,000 ▼ 0.00
Gul Ahmed / Feb 4 Gul Ahmed Textile Mills Limited(GATM)	4,995,028 ▼ 0.00
WorldCall Telecom / Feb 4 Worldcall Telecom Limited(WTL)	4,832,816 ▼ 0.00
TRG Pak Ltd / Feb 4 TRG Pakistan Limited(TRG)	4,574,299 ▼ 0.00
Lotte Chemical / Feb 4 Lotte Chemical Pakistan Limited(LOTCHEM)	3,805,565 ▼ 0.00
K-Electric Ltd. / Feb 4 K-Electric Limited(KEL)	3,686,127 ▼ 0.00
Pak Petroleum / Feb 4 Pakistan Petroleum Limited(PPL)	3,499,066 ▼ 0.00
Nishat Chun.Pow. / Feb 4 Nishat Chunian Power Limited(NCPL)	3,492,000 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 3	277.17
USD PKR Interbank Buying / Feb 3	278.67
USD to Japanese Yen / Feb 3	131.19
USD to Swiss Franc / Feb 3	0.93
Pound Sterling to USD / Feb 3	1.21
Euro to USD / Feb 3	1.08
UK LIBOR % / Feb 3	4.30

Stock	Volume
S&P 500 / Feb 3	4136.48
India Sensex / Feb 3	60841.88
Tokyo Nikkei / Feb 3	27509.46
Nasdaq / Feb 3	12006.96
Hang Seng / Feb 3	21660.47
FTSE 100 / Feb 3	7901.80
Dow Jones / Feb 3	33926.01
Germany DAX 30 / Feb 3	15546.43
France CAC40 / Feb 3	7233.94

Item	Value
Crude Oil USD/Barrel / Feb 3	73.39
Karachi Cotton PKR/37.32 KG / Feb 3	22235
Gold 10 Grams PKR / Feb 3	208500
Gold Spot USD/Ounce / Feb 3	1864.97
Cotton US¢/pound / Feb 3	85.43

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