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 / Nov 21	278.03
USD PKR Interbank Buying / Nov 21	277.78
USD to Japanese Yen / Nov 21	154.92
USD to Swiss Franc / Nov 21	0.88
Pound Sterling to USD / Nov 21	1.26
Euro to USD / Nov 21	1.05

Stock	Volume
S&P 500 / Nov 20	5,917.11
Nasdaq / Nov 20	18,966.14
Dow Jones / Nov 20	43,408.47
India Sensex / Nov 21	77,137.20
Tokyo Nikkei / Nov 21	38,026.17
Hang Seng / Nov 21	19,620.49
FTSE 100 / Nov 21	8,069.57
Germany DAX 30 / Nov 21	18,942.65

Item	Value
Petrol/Litre / Nov 21	248.38
Crude Oil USD/Barrel / Nov 21	69.38
Karachi Cotton PKR/37.32 KG / Nov 21	17,785
Gold 10 Grams PKR / Nov 21	238,340
Gold Spot USD/Ounce / Nov 21	2,662.71
Diesel/Litre / Nov 21	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▼ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▼ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▼ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▲ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▲ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▲ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Nov 21 K-Electric Limited(KEL)	174,389,145 ▲ 0.00
Hascol Petrol / Nov 21 Hascol Petroleum Limited(HASCOL)	63,973,243 ▲ 0.00
Kohinoor Spining / Nov 21 Kohinoor Spinning Mills Limited(KOSM)	62,996,737 ▲ 0.00
Aisha Steel Mill / Nov 21 Aisha Steel Mills Limited(ASL)	48,137,561 ▲ 0.00
Waves Home Appliances / Nov 21 Waves Home Appliances Limited(WAVESAPP)	43,506,391 ▲ 0.00
Lotte Chemical / Nov 21 Lotte Chemical Pakistan Limited(LOTCHEM)	40,852,960 ▲ 0.00
Telecard Limited / Nov 21 Telecard Limited(TELE)	36,937,252 ▲ 0.00
Cnergyico PK / Nov 21 Cnergyico PK Limited(CNERGY)	31,401,025 ▲ 0.00
WorldCall Telecom / Nov 21 Worldcall Telecom Limited(WTL)	31,346,592 ▲ 0.00

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