News stories for Dr Ikramul Haq

Dr Ikramul Haq

Opinion

Advance tax, refunds & compensation — II

In section 171(2)(c) of the Ordinance, it is provided that “in any other case, on the date the refund order is...

Published 16 Jan, 2021 02:56am

Opinion

Advance tax, refunds & compensation — I

A cursory look at the annual year books published by the Federal Board of Revenue (FBR) after the promulgation of...

Published 15 Jan, 2021 03:16am

Opinion

FATF: challenges & solutions—II

This all is happening when Pakistan is facing a daunting challenge to come out of FATF’s grey list since 2018. The...

Updated 09 Jan, 2021 03:22am

Opinion

FATF: challenges & solutions — I

“Since June 2018, when Pakistan made a high-level political commitment to work with the Financial Action Task ...

Updated 08 Jan, 2021 03:29am

Opinion

There’s need to remove confusion—III

The pronouncement of the Supreme Court (carried in part-II of this article) clearly says that all the laws related ...

Published 02 Jan, 2021 03:04am

Opinion

There’s need to remove confusion — II

It is strange that Sindh and Punjab Assemblies, while enacting the Sindh Workers Welfare Fund Act, 2014 and Punjab...

Updated 01 Jan, 2021 03:41am

Opinion

General’s ‘general law’ vs ‘special law’

The Income Tax Ordinance, 2001 was promulgated by General Pervez Musharraf, through a Presidential Ordinance on...

Updated 18 Dec, 2020 03:51am

Opinion

Taxing what is not 'income'-II

In the Shahid Pervaiz v Ejaz Ahmad and others 2017 SCMR 206, 14-member bench of Supreme Court held: "....where the...

Published 13 Dec, 2020 02:44am

Opinion

'Services' & immovable property income taxation: Constitutional violations

The taxation of "services" mentioned in section 153(1)(b) of the Income Tax Ordinance, 2001 ["the Ordinance"] with...

Published 04 Dec, 2020 03:04am

Markets

Taxation: Doctrine of mutuality

It is an established principle that what is not "income" under the income tax law cannot be taxed, and where there ...

Published 27 Nov, 2020 03:08am

Opinion

Countering financial crimes

In recent days, Federal Board of Revenue (FBR) has taken many steps to enforce internal accountability mechanism to...

Published 20 Nov, 2020 03:04am

Markets

Achievements & challenges: Fiscal Front

It is heartening to note that despite the challenges faced by economy due to Covid-19, followed by complete and...

Published 13 Nov, 2020 02:57am

Markets

Unshackling debt shackles

It is now officially admitted that the coalition Government of Pakistan Tehreek-i-Insaf (PTI) secured over $13...

Published 06 Nov, 2020 02:59am

Markets

Reforming judicial system

It is a fact that nothing worthwhile has been done by Legislature-no matter whether under civilian or military...

Updated 26 Oct, 2020 09:17am

Opinion

Supreme Court's Annual Report 2018-19: Improving dispensation of justice

The purpose of annual reports published by the Supreme Court of Pakistan is to highlight its performance with ...

Published 16 Oct, 2020 02:45am

Opinion

Federation, taxes & distribution-II

There is something fundamentally wrong with the structure of distribution of taxing powers between the federation ...

Published 11 Oct, 2020 02:47am

Opinion

Federation, taxes & distribution - I

On April 27, 2020, the 9th National Finance Commission (NFC), like 8th NFC, remained fruitless as the federation and...

Published 09 Oct, 2020 02:37am

Markets

FBR's Tax Directory 2018 Analysis - I: Startling facts & fallacies

Reference two-part series (FBR's statistics: a critical analysis-I, Business Recorder, September 25, 2020 and FBR's...

Updated 02 Oct, 2020 03:25am

Opinion

FBR's statistics: a critical analysis - II

The same position prevailed for tax year 2017. Out of total registered companies, only 42% (37,130) filed returns! ...

Updated 27 Sep, 2020 02:57am

Markets

FBR's statistics: a critical analysis - I

On September 18, 2020, Federal Board of Revenue (FBR) released 'Parliamentarians' Tax Directory for Tax Year 2018',...

Published 25 Sep, 2020 02:45am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 15	278.85
USD PKR Interbank Buying / Jan 15	278.70
USD to Japanese Yen / Jan 15	157.36
USD to Swiss Franc / Jan 15	0.91
Pound Sterling to USD / Jan 15	1.22
Euro to USD / Jan 15	1.03

Stock	Volume
S&P 500 / Jan 14	5,842.91
Nasdaq / Jan 14	19,044.39
FTSE 100 / Jan 14	8,201.54
Dow Jones / Jan 14	42,518.28
Germany DAX 30 / Jan 14	20,271.33
France CAC40 / Jan 14	7,423.67
India Sensex / Jan 15	76,746.81
Tokyo Nikkei / Jan 15	38,379.49

Item	Value
Gold 10 Grams PKR / Jan 9	237,483
Karachi Cotton PKR/37.32 KG / Jan 14	18,785
Petrol/Litre / Jan 15	252.66
Crude Oil USD/Barrel / Jan 15	77.93
Gold Spot USD/Ounce / Jan 15	2,681.51
Diesel/Litre / Jan 15	258.34

Gainers
Losers
Leaders

Stock	Price
Parmount Sp. / Jan 15 Paramount Spinning Mills Limited(PASM)	5.10 ▲ 0.60 (13.33%)
Gulshan Sp. / Jan 15 Gulshan Spinning Mills Limited(GSPM)	4.63 ▲ 0.53 (12.93%)
First Elite Cap.Mod / Jan 15 First Elite Capital Modaraba(FECM)	6.35 ▲ 0.68 (11.99%)
Service Textile / Jan 15 Service Industries Textiles Limited(SERT)	15.13 ▲ 1.38 (10.04%)
Power Cem(Pref) / Jan 15 Power Cement (Pref)(POWERPS)	12.29 ▲ 1.12 (10.03%)
Gulistan Sp. / Jan 15 Gulistan Spinning Mills Limited(GUSM)	11.65 ▲ 1.06 (10.01%)
BF Biosciences / Jan 15 BF Biosciences Limited(BFBIO)	231.30 ▲ 21.03 (10.00%)
LSE Financial Serv. / Jan 15 LSE Financial Services Limited(LSEFSL)	17.49 ▲ 1.59 (10.00%)
Otsuka Pakistan / Jan 15 Otsuka Pakistan Limited(OTSU)	186.36 ▲ 16.94 (10.00%)

Stock	Price
Universal Ins. / Jan 15 The Universal Insurance Company Limited(UVIC)	9.71 ▼ -1.08 (-10.01%)
Sana Ind / Jan 15 Sana Industries Limited(SNAI)	30.89 ▼ -2.54 (-7.60%)
Blessed Tex. / Jan 15 Blessed Textiles Limited(BTL)	321.51 ▼ -23.00 (-6.68%)
Ali Asghar / Jan 15 Ali Asghar Textile Mills Limited(AATM)	49.99 ▼ -3.16 (-5.95%)
PICIC Ins.Ltd. / Jan 15 PICIC Insurance Limited(PIL)	3.17 ▼ -0.20 (-5.93%)
Zahid Jee Textile / Jan 15 Zahidjee Textile Mills Limited(ZAHID)	26.35 ▼ -1.65 (-5.89%)
Faisal Sp. / Jan 15 Faisal Spinning Mills Limited(FASM)	315 ▼ -19.63 (-5.87%)
Habib Rice Products / Jan 15 Habib Rice Product Limited(HRPL)	31.06 ▼ -1.81 (-5.51%)
Unicap Modaraba / Jan 15 Unicap Modaraba(UCAPM)	2.92 ▼ -0.16 (-5.19%)

Stock	Volume
Cnergyico PK / Jan 15 Cnergyico PK Limited(CNERGY)	42,527,928 ▼ -0.01
Pak Refinery / Jan 15 Pakistan Refinery Limited(PRL)	38,082,864 ▲ 2.21
K-Electric Ltd. / Jan 15 K-Electric Limited(KEL)	33,447,471 ▲ 0.00
WorldCall Telecom / Jan 15 Worldcall Telecom Limited(WTL)	29,525,333 ▲ 0.00
Sui South Gas / Jan 15 Sui Southern Gas Company Limited(SSGC)	26,679,632 ▼ -0.46
Hascol Petrol / Jan 15 Hascol Petroleum Limited(HASCOL)	26,398,810 ▲ 0.01
TRG Pak Ltd / Jan 15 TRG Pakistan Limited(TRG)	22,319,566 ▲ 4.47
Telecard Limited / Jan 15 Telecard Limited(TELE)	19,836,175 ▼ -0.14
Pak Stock Exchange / Jan 15 Pakistan Stock Exchange Limited(PSX)	16,136,998 ▼ -0.24

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