News stories for Syed Shabbar Zaidi

Informal banking: economic coercion

Pakistan is a country of contradictions. When we count the population for the purposes of allocation of seats in the...

Published 18 Feb, 2021 04:08am

Opinion

Accountability through tax law only solution

Corruption and accountability have been the main subjects of our social discourse for over 70 years. However, not a...

Published 11 Feb, 2021 04:35am

Opinion

The day of reckoning

When the good times are rolling very few have the foresight of seeing the storm around the corner. Whilst it takes...

Published 03 Feb, 2021 04:35am

Opinion

Zero-rating of sales tax on export-oriented sectors: It cannot be revived

During my tenure as Chairman, Federal Board of Revenue (FBR) one major...

Published 28 Jan, 2021 04:40am

Opinion

Govt employees: pension liability

The news item in this newspaper that the Government of Pakistan is seeking actuarial support on the matter of ...

Published 21 Jan, 2021 04:23am

Opinion

Heading for asset declaration: every five years!

Two Asset Declaration Laws were introduced - one each in 2018 and 2019. I supported both. These laws were almost are...

Updated 19 Jan, 2021 04:43am

Opinion

Consolidating relationship with UAE post-FATF

United Arab Emirates, a state formed in the 1970s after consolidation of former Trucial states of Abu Dhabi, Dubai,...

Updated 13 Jan, 2021 03:32am

Opinion

New tax regime for builders & developers

This is a package for tax regime for persons engaged in construction industry as builders and developers. This is a...

Published 07 Jan, 2021 03:15am

Opinion

WPPF - a case for abrogation

In his book The Law of Taxation [1924] Thomas M. Cooley defined the term 'taxes' in very simple words: "Taxes are...

Published 05 Jan, 2021 03:14am

Opinion

Workers' welfare fund - a disguised tax

In my two articles on the subject I discussed the subject of Workers' Welfare Fund [WWF]. The thrust of these two...

Updated 29 Dec, 2020 03:48am

Opinion

Foreign assets and foreign assets declaration law: Strengthening the rule of law

The Federal Board of Revenue (FBR) in exercise of its powers under the Assets Declaration Act has released the rules...

Updated 24 Dec, 2020 03:25am

Opinion

Economic policymaking: Long-term tenures of top planning officials needed

One casualty of the fall of the Berlin Wall in the 1990s has been 'economic policy'. It does not mean that 'Economic...

Updated 22 Dec, 2020 04:03am

Opinion

WWF: A direct tax on income in the guise of labour levy

In an earlier article on this subject I had focused on the subject of validity of the instructions issued by the...

Published 14 Dec, 2020 02:49am

Opinion

Workers' Welfare Fund - a tax or a fund?

Pakistan People's Party regime from 1971 to 1977 provided some sort of socialistic framework for the economy. The...

Published 10 Dec, 2020 02:57am

Opinion

Circular debt or state subsidy on power?

In my article on the subject of state subsidy for power sector carried by this newspaper a few days ago I referred ...

Published 08 Dec, 2020 02:57am

Opinion

State subsidy: energy sector in Pakistan - II

As Chairman FBR I was handling the issue of withdrawal of zero rating for sales tax on five export-oriented sectors...

Published 02 Dec, 2020 02:49am

Opinion

State subsidy: energy sector in Pakistan - I

In continuation of my article on "State-sponsored corruption' in fiscal policies," an attempt has been made through...

Published 01 Dec, 2020 03:05am

Markets

‘State-sponsored’ corruption in fiscal policies of Pakistan — II

The primary question is whether our legislators who vehemently promote ‘democracy’ as defined by them ever...

Published 26 Nov, 2020 02:54am

Markets

'State-sponsored' corruption in fiscal policies of Pakistan - I

I did two posts on the social media addressed to two different groups of friends namely 'Corporate Pakistan' and...

Published 25 Nov, 2020 02:56am

Inflation, price hike and Pakistan's economic structure - II

It is a common knowledge in Paki-stan that in the present day market mechanism, middlemen buy crops or product of the agriculturist 'upfront' much before the production as the agriculturists/producers do not possess sufficient money for seed, fertilizer,

Published 07 May, 2019 12:00am

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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