News stories for Syed Shabbar Zaidi

Syed Shabbar Zaidi

Opinion

Concealment of income and unexplained assets

This is the third part of a multi-part series of articles on the subject of concealment of income, anti-money...

Published 20 Jul, 2021 04:14am

Opinion

Anti-money laundering law and concealment of income liable to tax

In the first part of this series of articles on anti-money laundering (AML) laws it has been demonstrated that the...

Published 14 Jul, 2021 03:59am

Opinion

Understanding the AML law

Last month, the Financial Action Task Force (FATF) announced that Pakistan would continue to remain on its grey ...

Published 07 Jul, 2021 04:28am

Opinion

Budget: identifying defects and proposing corrections

The Federal Budget was presented on June 12 which was followed by the provincial budgets. Pakistan is a Federation...

Published 30 Jun, 2021 03:54am

Opinion

Towards an end to tax harassment

On the basis of my thirty years of tax practice I can assure you that the abuse of the under-mentioned three lines...

Published 22 Jun, 2021 04:46am

Opinion

Budget: Out-of-the-box actions

In the following paragraphs I will only discuss three major proposals in the proposed Finance Bill, 2021, two of...

Published 17 Jun, 2021 03:27am

Business & Finance

Federal Budget 2021-22: Comments & Observations

General Comments: The Budget Presented on Friday [June 11, 2021] is one of the best documents presented in almost...

Published 14 Jun, 2021 03:39am

Opinion

We seem to have no understanding of what ails our taxation system — III

Introduction This is the third part of a series of articles on the subject ‘We seem to have no understanding of...

Published 11 Jun, 2021 03:41am

Opinion

We seem to have no understanding of what ails our taxation system — II

• Reducing tax collection reliance at import stage INTRODUCTION In my article published in this newspaper on ...

Published 08 Jun, 2021 04:09am

Opinion

We seem to have no understanding of what ails our taxation system

Introduction I never wanted to write the following article for the simple reason that there isn’t anything good ...

Published 02 Jun, 2021 04:29am

Opinion

Free media and trust in state’s commitment to confidentiality of information: Dangerous disequilibrium

The country appears to have been facing a disequilibrium or an imbalance between free media and state’s commitment...

Published 26 Apr, 2021 03:29am

Opinion

MLIs: Notes on underlying concepts — II

Illustrations of Manner of Operation of MLI We give in the following paragraphs four illustrations of the manner ...

Published 22 Apr, 2021 03:55am

Opinion

MLIs: Notes on underlying concepts

Multilateral Convention to Implement Tax Treaty-Related Measures to Prevent Base Erosion and Profit Shifting (BEPS)...

Published 21 Apr, 2021 03:21am

Opinion

Correction or collection?

The Pakistan Tehrik-e-Insaf (PTI) government is trapped in the dilemma of ‘correction or collection’ especially...

Published 13 Apr, 2021 04:31am

Opinion

What should be better, fairer approach to asset declarations?

I wrote an article almost two months ago when draft rules were issued for the asset declaration law. I am happy to...

Published 07 Apr, 2021 03:48am

Business & Finance

Public misconceptions about SBP bill

In the following paragraphs I will be dilating on the subject of the role of various stakeholders with respect to...

Published 29 Mar, 2021 06:05am

Opinion

Privatisation of Discos: A dream that will never come true

It is my considered view that the decision to expedite the process of privatization of Discos is a dream that will...

Published 24 Mar, 2021 05:10am

Opinion

Tax exemptions withdrawal bill: an expert opinion

General A commentary on the economic and financial rationale for the actions proposed to be undertaken by way of...

Published 17 Mar, 2021 04:45am

Opinion

FDI: under-developed, developing economies

A report in press based on facts that during the current period the amount of dividend remitted out of Pakistan on...

Published 03 Mar, 2021 05:49am

Opinion

An argument against Rs 5,000 currency note

The data as laid down below is from SBP website. The first observation is those giving their views against my...

Published 24 Feb, 2021 05:24am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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