News stories for Huzaima Bukhari

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

Opinion

Bewilderment over rational tax policy

There is a national consensus that the existing tax system needs to be completely restructured to provide an...

Published 18 Sep, 2020 02:59am

Opinion

Hidden agenda and 'deal' with Taliban-II

ARTICLE: George W. Bush appointed former aide to the American oil company UNOCAL, Afghan-born Zalmay Khalilzad, as...

Updated 13 Sep, 2020 02:57am

Markets

Hidden agenda and 'deal' with Taliban

ARTICLE: On September 11, 2001, nineteen years ago, humanity at large witnessed one of the most gruesome and heinous...

Published 11 Sep, 2020 02:42am

Opinion

Need to reconsider fiscal management

ARTICLE: Punjab is the most populous [110 million people] province of Pakistan with largest resources and budget ...

Published 04 Sep, 2020 02:57am

Opinion

Harmful taxation of IT/telecom sectors

ARTICLE: The Pakistan telecom sector contributes steady inflow of heavy tax collections under major heads like...

Published 28 Aug, 2020 02:02am

Opinion

Taxation hindering investment

ARTICLE: This survey shows that international and national evidence points out that taxation and growth are...

Published 21 Aug, 2020 03:10am

Opinion

Independence Day considerations

ARTICLE: Today we are celebrating 73rd Independence Day with a hope that the new government, after two years in...

Published 14 Aug, 2020 03:15am

Opinion

FBR's quest for reforms, modernisation

ARTICLE: "We need to lower tax rates for everybody, starting with the top corporate tax rate. We need to simplify ...

Published 07 Aug, 2020 02:45am

Editorials

Allama Iqbal on equitable taxation

EDITORIAL: In this article, we are highlighting the ideas of the great thinker, philosopher and poet, Allama ...

Published 31 Jul, 2020 02:42am

Markets

Malaise of mounting debt

ARTICLE: The central government's debt, excluding its liabilities, increased to Rs 34.48 trillion by the end of May...

Published 24 Jul, 2020 02:59am

Opinion

Unpaid refunds

ARTICLE: "The genius of our ruling class is that it has kept a majority of the people from ever questioning the...

Published 17 Jul, 2020 02:53am

Opinion

Finance Act 2020: Lack of initiatives & innovations - II

ARTICLE: The existing system imposes high taxes but yields low revenues. Only 2000 companies pay 75% of total taxes....

Published 10 Jul, 2020 02:47am

Markets

Finance Act 2020: Lack of initiatives & innovations - I

ARTICLE: The adoption of the Finance Bill 2020 on June 29, 2020 and exceeding the target by the Federal Board of...

Published 03 Jul, 2020 02:59am

Opinion

Analysing 'tax expenditure'

ARTICLE: "We don't do charity in Germany. We pay taxes. Charity is a failure of governments'...

Published 26 Jun, 2020 03:34am

Opinion

Finance Bill 2020: Muzzling right to justice

In the Finance Bill 2020, presented along with federal budget 2020-21, a highly lamentable-rather unconstitutional...

Published 19 Jun, 2020 03:27am

Opinion

Budget 2020-21: Illicit trade in tobacco products - II

ARTICLE: "...19.1 percent of Pakistani population, which includes 31.8 percent of men and 5.8 percent of women,...

Published 12 Jun, 2020 03:07am

Opinion

Budget 2020-21: Illicit trade in tobacco products - I

ARTICLE: This is the first part of a two-part series on how to counter illicit trade in tobacco products, recoup...

Updated 13 Jun, 2020 09:50am

Opinion

Budgets 2020 amid Covid-19 crisis - III: Fiscal challenges and 18th Amendment

The failure to tap the actual tax potential by the federal and provincial governments is the real issue and not the Constitution (Eighteenth Amendment) Act, 2010 [hereinafter "18th Amendment"] vis-à-vis the National Finance Commission (NFC) Award. Dismal

Updated 21 Jun, 2020 01:38pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 2	278.75
USD PKR Interbank Buying / Jan 2	278.55
USD to Japanese Yen / Jan 2	156.70
USD to Swiss Franc / Jan 2	0.90
Pound Sterling to USD / Jan 2	1.25
Euro to USD / Jan 2	1.04

Stock	Volume
S&P 500 / Jan 1	5,881.63
Tokyo Nikkei / Jan 1	39,894.54
Nasdaq / Jan 1	19,310.79
Dow Jones / Jan 1	42,544.22
India Sensex / Jan 2	79,764.68
Hang Seng / Jan 2	19,586.19
FTSE 100 / Jan 2	8,177.07
Germany DAX 30 / Jan 2	19,923.95

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 1	18,085
Gold 10 Grams PKR / Jan 1	241,773.70
Petrol/Litre / Jan 2	252.66
Crude Oil USD/Barrel / Jan 2	71.98
Gold Spot USD/Ounce / Jan 2	2,635.56
Diesel/Litre / Jan 2	258.34

Gainers
Losers
Leaders

Stock	Price
Siddiqsons Tin / Jan 2 Siddiqsons Tin Plate Limited(STPL)	6.66 ▲ 0.80 (13.65%)
Escorts Bank / Jan 2 Escorts Investment Bank Limited(ESBL)	6.85 ▲ 0.80 (13.22%)
Tri-Star Power / Jan 2 Tri-Star Power Limited(TSPL)	5.87 ▲ 0.63 (12.02%)
Ittefaq Iron Ind / Jan 2 Ittefaq Iron Industries Limited(ITTEFAQ)	9.47 ▲ 1.00 (11.81%)
Blue-Ex Ltd / Jan 2 Blue-Ex Limited (GEM)(GEMBLUEX)	47.69 ▲ 4.34 (10.01%)
Ali Asghar / Jan 2 Ali Asghar Textile Mills Limited(AATM)	79.20 ▲ 7.20 (10.00%)
AL-Ghazi Tractors / Jan 2 Al-Ghazi Tractors Limited(AGTL)	629.66 ▲ 57.24 (10.00%)
Biafo Ind. / Jan 2 Biafo Industries Limited(BIFO)	217.42 ▲ 19.77 (10.00%)
Exide (PAK) / Jan 2 Exide Pakistan Limited(EXIDE)	889.49 ▲ 80.86 (10.00%)

Stock	Price
First Prudential Mod. / Jan 2 First Prudential Modaraba(PMI)	2.97 ▼ -0.72 (-19.51%)
Zahid Jee Textile / Jan 2 Zahidjee Textile Mills Limited(ZAHID)	27.90 ▼ -3.10 (-10.00%)
Frontier Ceram / Jan 2 Frontier Ceramics Limited(FRCL)	34.76 ▼ -3.86 (-9.99%)
Ellcot Spinning / Jan 2 Ellcot Spinning Mills Limited(ELSM)	108.10 ▼ -11.97 (-9.97%)
Fateh Sports / Jan 2 Fateh Sports Wear Limited(FSWL)	78.60 ▼ -8.62 (-9.88%)
National Silk / Jan 2 The National Silk & Rayon Mills Limited(NSRM)	50 ▼ -5.44 (-9.81%)
Al-Khair Gadoon / Jan 2 Al-Khair Gadoon Limited(AKGL)	37.41 ▼ -4.04 (-9.75%)
Olympia Mills / Jan 2 Olympia Mills Limited(OML)	36.36 ▼ -3.53 (-8.85%)
First Capital Equities / Jan 2 First Capital Equities Limited(FCEL)	5.51 ▼ -0.51 (-8.47%)

Stock	Volume
Fauji Foods Ltd / Jan 2 Fauji Foods Limited(FFL)	88,905,675 ▲ 0.88
Cnergyico PK / Jan 2 Cnergyico PK Limited(CNERGY)	71,999,946 ▼ -0.11
WorldCall Telecom / Jan 2 Worldcall Telecom Limited(WTL)	71,859,219 ▲ 0.03
Pak Int.Bulk / Jan 2 Pakistan International Bulk Terminal(PIBTL)	62,831,962 ▼ -0.20
Telecard Limited / Jan 2 Telecard Limited(TELE)	60,523,518 ▲ 0.72
B.O.Punjab / Jan 2 The Bank of Punjab(BOP)	45,412,470 ▼ -0.17
Pace (Pak) Ltd. / Jan 2 Pace (Pakistan) Limited(PACE)	41,276,943 ▲ 0.26
Pak Elektron / Jan 2 Pak Elektron Limited(PAEL)	33,978,834 ▲ 0.11
Aisha Steel Mill / Jan 2 Aisha Steel Mills Limited(ASL)	33,731,868 ▼ -0.39

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