News stories for Syed Shabbar Zaidi

Syed Shabbar Zaidi

Opinion

India’s budget: a forward thinking, citizen friendly approach to salaried class

India Finance Minister Nirmala Sitharaman presented the Indian Union Budget in the Lok Sabha in Delhi on February 1,...

Updated 04 Feb, 2025 07:10am

Opinion

Rental income from immovable properties situated outside Pakistan

The undesired event: The Federal Board of Revenue (FBR) through a letter dated October 31, 2022 has clarified that...

Published 14 Jan, 2025 03:12am

Opinion

The challenge of IPPs—V

Solutions
Revised accounting for government-owned IPP

Updated 09 Aug, 2024 07:23am

Opinion

The challenge of IPPs—IV

The second part of this story is the perceived cooperation from our Chinese brothers and friends. As per ...

Published 08 Aug, 2024 06:40am

Opinion

The challenge of IPPs—III

Nepra report further states: “2.3.7 Energy Charges vs. Capacity Charges: The consumer-end tariff comprises Energy...

Updated 07 Aug, 2024 06:39am

Opinion

The challenge of IPPs–II

Excess/unutilized generation capacity

Published 06 Aug, 2024 06:40am

Opinion

The challenge of IPPs-I

Pakistan’s real economy is failing primarily on account of its energy sector. This author has been raising the alarm...

Published 04 Aug, 2024 02:47am

Opinion

Properties of Pakistanis in Dubai

In 2019 when I was the Chairman of Federal Board of Revenue (FBR) I asked my Director General International Taxation...

Published 22 May, 2024 05:54am

Opinion

Deemed income tax on ownership of vacant plot of land incorrect—V

All the arguments and contentions made by the Sindh High Court in the aforesaid order which have been emphasised are...

Published 17 Apr, 2024 05:28am

Opinion

Deemed income tax on ownership of vacant plot of land incorrect—IV

For the sake of clarity we reproduce the gist of the Order passed by the Sindh High Court as under. This fundamental...

Published 16 Apr, 2024 03:38am

Opinion

Deemed income tax on ownership of vacant plot of land incorrect—III

Even if the Elahi Cotton Mills Limited is considered to be final on this subject there is a fundamental difference...

Published 15 Apr, 2024 03:56am

Opinion

Deemed income tax on ownership of vacant plot of land incorrect—II

Notwithstanding the fact that this author is not in agreement with the judgement and considers this order identical...

Published 14 Apr, 2024 03:33am

Opinion

Deemed income tax on ownership of vacant plot incorrect–I

The Finance Act, 2022 introduced a novel tax under Section (7E) of the Income Tax Ordinance, 2001. This is deemed...

Updated 13 Apr, 2024 04:11am

Opinion

Criticality of regional economic cooperation-III

Iran-Pakistan-India (IPI) gas pipeline is still a live project. As per author’s information, the work on...

Published 06 Apr, 2024 05:28am

Opinion

Criticality of regional economic cooperation-II

However, it is now necessary to revisit the case and every sensible person will agree that two neighbours cannot...

Published 03 Apr, 2024 05:29am

Opinion

Criticality of regional economic cooperation-I

The size of Pakistan’s GDP was around USD 180 billion in 2010, which was around USD 400 billion in 2023. This is...

Published 30 Mar, 2024 06:22am

Opinion

Subject of taxation on farm income

This article discusses the issue of availability of food for the poor at affordable prices, economics of agriculture...

Updated 22 Nov, 2023 06:13am

Opinion

Why our exports still struggle to get meaningful boost?—II

Dynamics of documented and organised sector, The organised sector is mostly represented by listed and unlisted...

Published 15 Nov, 2023 06:09am

Opinion

Why our exports still struggle to get meaningful boost?—I

Many of us wonder why the Pakistani rupee is trading at 284 against one USD. A number of reasons are presented for...

Published 09 Nov, 2023 05:38am

Opinion

USD to PKR forecast for 2024 — III

In the earlier article on this subject, this writer discussed the projections for PkR exchange rate for 2024. In the...

Updated 03 Nov, 2023 07:17am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 28	281.85
USD PKR Interbank Buying / Mar 28	279.71
USD to Japanese Yen / Apr 1	149.58
USD to Swiss Franc / Apr 1	0.88
Pound Sterling to USD / Apr 1	1.29
Euro to USD / Apr 1	1.08
UK LIBOR % / Mar 27	4.96

Stock	Volume
S&P 500 / Mar 28	5,580.94
Nasdaq / Mar 28	17,322.99
Dow Jones / Mar 28	41,583.90
India Sensex / Apr 1	77,103.74
Tokyo Nikkei / Apr 1	35,624.48
Hang Seng / Apr 1	23,206.84
FTSE 100 / Apr 1	8,653.57
Germany DAX 30 / Apr 1	22,445.60
France CAC40 / Apr 1	7,860.39

Item	Value
Gold 10 Grams PKR / Mar 27	275,205
Karachi Cotton PKR/37.32 KG / Mar 28	17,085
Crude Oil USD/Barrel / Apr 1	71.27
Gold Spot USD/Ounce / Apr 1	3,158.40
Cotton US¢/pound / Apr 1	66.88
Petrol/Litre / Apr 2	254.63
Diesel/Litre / Apr 2	258.64

Gainers
Losers
Leaders

Stock	Price
Mughal Iron & Steel (R) / Mar 27 Mughal Iron & Steel Industries Limited (R)(MUGHALR2)	4.01 ▲ 1 (33.22%)
Parmount Sp. / Mar 27 Paramount Spinning Mills Limited(PASM)	4.10 ▲ 0.59 (16.81%)
Shaheen Ins. / Mar 27 Shaheen Insurance Company Limited(SHNI)	7.50 ▲ 0.97 (14.85%)
Popular Islamic / Mar 27 Popular Islamic Modaraba(PIM)	15.02 ▲ 1.37 (10.04%)
Diamond Ind. / Mar 27 Diamond Industries Limited(DIIL)	33.83 ▲ 3.08 (10.02%)
Sardar Chemical / Mar 27 Sardar Chemical Industries Limited(SARC)	35.95 ▲ 3.27 (10.01%)
J.K.Spinning / Mar 27 J.K. Spinning Mills Limited(JKSM)	69.58 ▲ 6.33 (10.01%)
Data Agro / Mar 27 Data Agro Limited(DAAG)	106.28 ▲ 9.66 (10%)
Leiner Pak Gelat / Mar 27 Leiner Pak Gelatine Limited(LPGL)	121.88 ▲ 11.08 (10%)
Allawasaya Tex / Mar 27 Allawasaya Tex. & Finishing Mills Ltd(AWTX)	1,429.95 ▲ 130 (10%)

Stock	Price
Arif Habib Corp / Mar 27 Arif Habib Corporation Limited(AHCL)	11.60 ▼ -98.09 (-89.42%)
Elahi Cot. / Mar 27 Elahi Cotton Mills Limited(ELCM)	135.93 ▼ -15.1 (-10%)
Khalid Siraj / Mar 27 Khalid Siraj Textile Mills Limited(KSTM)	8.03 ▼ -0.87 (-9.78%)
PIA Holding Co.B / Mar 27 PIA Holding Company Limited B(PIAHCLB)	874.01 ▼ -93.68 (-9.68%)
Saritow Spinning / Mar 27 Saritow Spinning Mills Limited(SSML)	18.90 ▼ -1.75 (-8.47%)
Cordoba Logistics / Mar 27 Cordoba Logistics & Ventures Limited(CLVL)	12.61 ▼ -1.15 (-8.36%)
Sally Textile / Mar 27 Sally Textile Mills Limited(SLYT)	11.01 ▼ -0.99 (-8.25%)
Masood Textile / Mar 27 Masood Textile Mills Limited(MSOT)	49.06 ▼ -4.27 (-8.01%)
Universal Ins. / Mar 27 The Universal Insurance Company Limited(UVIC)	9.57 ▼ -0.73 (-7.09%)
Al-Khair Gadoon / Mar 27 Al-Khair Gadoon Limited(AKGL)	42 ▼ -3.1 (-6.87%)

Stock	Volume
Cnergyico PK / Mar 27 Cnergyico PK Limited(CNERGY)	45,325,056 ▲ 0.31
Pak Elektron / Mar 27 Pak Elektron Limited(PAEL)	29,179,304 ▲ 0.67
P.S.O. / Mar 27 Pakistan State Oil Company Limited(PSO)	26,879,128 ▲ 1.58
Arif Habib Corp / Mar 27 Arif Habib Corporation Limited(AHCL)	20,499,919 ▼ -98.09
WorldCall Telecom / Mar 27 Worldcall Telecom Limited(WTL)	16,191,931 ▼ -0.03
B.O.Punjab / Mar 27 The Bank of Punjab(BOP)	16,148,304 ▼ -0.2
Pak Petroleum / Mar 27 Pakistan Petroleum Limited(PPL)	15,934,134 ▼ -1.85
Engro Fert. / Mar 27 Engro Fertilizers Limited(EFERT)	14,419,464 ▲ 0.5
Fauji Cement / Mar 27 Fauji Cement Company Limited(FCCL)	14,194,696 ▲ 0.53
Maple Leaf Cement / Mar 27 Maple Leaf Cement Factory Limited(MLCF)	11,282,647 ▲ 0.09

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