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
Dow Jones / Jan 14	42,518.28
India Sensex / Jan 15	76,746.81
Tokyo Nikkei / Jan 15	38,379.49
Hang Seng / Jan 15	19,223.49
FTSE 100 / Jan 15	8,250.76
Germany DAX 30 / Jan 15	20,345.48

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
First Elite Cap.Mod / Jan 15 First Elite Capital Modaraba(FECM)	6.67 ▲ 1.00 (17.64%)
Parmount Sp. / Jan 15 Paramount Spinning Mills Limited(PASM)	5 ▲ 0.50 (11.11%)
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%)
Arif Habib Ltd. / Jan 15 Arif Habib Limited(AHL)	60.96 ▲ 5.54 (10.00%)
BF Biosciences / Jan 15 BF Biosciences Limited(BFBIO)	231.30 ▲ 21.03 (10.00%)
Dandot Cement / Jan 15 Dandot Cement Company Limited(DNCC)	14.74 ▲ 1.34 (10.00%)
LSE Financial Serv. / Jan 15 LSE Financial Services Limited(LSEFSL)	17.49 ▲ 1.59 (10.00%)

Stock	Price
Fateh Ind. / Jan 15 Fateh Industries Limited(FIL)	120.60 ▼ -13.34 (-9.96%)
Idrees Tex. / Jan 15 Idrees Textile Mills Limited(IDRT)	13.50 ▼ -1.49 (-9.94%)
Al-Khair Gadoon / Jan 15 Al-Khair Gadoon Limited(AKGL)	34 ▼ -3.39 (-9.07%)
PICIC Ins.Ltd. / Jan 15 PICIC Insurance Limited(PIL)	3.07 ▼ -0.30 (-8.90%)
United Brands / Jan 15 United Brands Limited(UBDL)	21.03 ▼ -2.05 (-8.88%)
Sana Ind / Jan 15 Sana Industries Limited(SNAI)	30.50 ▼ -2.93 (-8.76%)
Universal Ins. / Jan 15 The Universal Insurance Company Limited(UVIC)	9.85 ▼ -0.94 (-8.71%)
Calcorp Ltd / Jan 15 Calcorp Limited(CASH)	29.10 ▼ -2.65 (-8.35%)
Diamond Ind. / Jan 15 Diamond Industries Limited(DIIL)	18.23 ▼ -1.59 (-8.02%)

Stock	Volume
WorldCall Telecom / Jan 15 Worldcall Telecom Limited(WTL)	68,146,464 ▲ 0.02
Pak Refinery / Jan 15 Pakistan Refinery Limited(PRL)	56,632,089 ▲ 1.60
Cnergyico PK / Jan 15 Cnergyico PK Limited(CNERGY)	43,068,457 ▼ -0.16
K-Electric Ltd. / Jan 15 K-Electric Limited(KEL)	33,447,471 ▼ -0.07
TRG Pak Ltd / Jan 15 TRG Pakistan Limited(TRG)	29,612,532 ▲ 2.51
Sui South Gas / Jan 15 Sui Southern Gas Company Limited(SSGC)	26,679,632 ▼ -1.17
Hascol Petrol / Jan 15 Hascol Petroleum Limited(HASCOL)	26,398,810 ▼ -0.28
Telecard Limited / Jan 15 Telecard Limited(TELE)	19,836,175 ▼ -0.31
Fauji Foods Ltd / Jan 15 Fauji Foods Limited(FFL)	17,696,558 ▼ -0.32

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