News stories for Syed Shabbar Zaidi

Syed Shabbar Zaidi

Opinion

Economy: no light at the end of the tunnel

In my personal view a primary problem with regard to Pakistan’s economy is that there is a lack of complete and...

Published 07 Sep, 2022 04:13am

Opinion

Determining an individual’s residency status: some taxation anomalies

The Finance Act, 2022 has virtually decided that a Pakistani citizen can be taxed in Pakistan even if he never comes...

Published 24 Aug, 2022 05:08am

Opinion

Food for thought as Pakistan turns 75

Ayesha Jalal in her Struggle for Pakistan book has aptly stated: Truncated State, Divided Nation Religion is often...

Published 17 Aug, 2022 06:07am

Opinion

Is sovereign default inevitable? – IV

In this part of the multi-part series of articles I will describe underlying current of inflows and outflows of USD...

Updated 28 Jul, 2022 10:51am

Opinion

Is sovereign default inevitable? – III

This third part of this series of articles discusses, among other things, the subject of services imports. As usual,...

Updated 21 Jul, 2022 02:58pm

Opinion

Is sovereign default inevitable? – II

The first Prime Minister of India, Pandit Jawaharlal Nehru, said the following on the occasion of abolition of...

Updated 14 Jul, 2022 06:28am

Opinion

Is sovereign default inevitable? – I

Dr Rajendra Prasad, the first President of India, in his book ‘India Divided’, that he penned in 1945 stated ...

Published 06 Jul, 2022 05:35am

Opinion

Demystifying FDI

In an article carried by this newspaper on May 15, 2022 I gave the projected foreign exchange cash flow of the state...

Updated 23 Jun, 2022 09:34am

Opinion

Foreign assets declared under amnesty immune from CVT

Capital Value Tax (CVT) was levied by the federal government in 1989 on transactions relating to acquisition of...

Published 20 Jun, 2022 07:25am

Opinion

Wealth tax in the guise of deemed income

Whenever historians will write the history of an abusive, incorrect, absurd and technically incorrect tax imposition...

Published 16 Jun, 2022 06:03am

Opinion

Estimated/projected budget 2022-2023

The federal budget is expected to be presented on June 10, 2022. As a result of excessive politicisation of the...

Updated 07 Jun, 2022 10:26am

Opinion

Pakistan’s projected USD cash flows: an accountant’s perspective

In this important article I will present the projected cash flow statements of Pakistan for the period starting from...

Published 19 May, 2022 05:29am

Opinion

Living beyond means

Pakistan’s external debt averaged USD 65.223 billion from 2002 until 2021, reaching an all-time high of USD ...

Updated 11 May, 2022 10:26pm

Opinion

Back to square one?

After an eventful night in Islamabad the country is back to square one. After three and half years’ rule of...

Updated 20 Apr, 2022 10:43pm

Opinion

Tough economic decisions & fragile political mandate

Very few people may have actually experienced the moment of helplessness when there is a clash between the need for...

Published 31 Mar, 2022 05:11am

Opinion

It’s time to reflect

As we celebrate the Pakistan Day (Pakistan Resolution Day) today, it is important to go back to the original scheme...

Published 23 Mar, 2022 04:58am

Opinion

Assets held abroad: Misinterpretation of law

There were the Panama Leaks in 2017 followed by the Paradise Leaks and Pandora Leaks. Now there is a Swiss Leak...

Updated 03 Mar, 2022 09:58am

Opinion

Transfer of foreign exchange — avoid ‘hawala’

Pakistan has always been short of foreign exchange and it will remain so in the unforeseeable future. However, on...

Published 23 Feb, 2022 04:54am

Opinion

Distribution of resources among federation, provinces and local governments

History is replete with evidence that economics is the underlying basis of most political actions and reactions. In...

Published 16 Feb, 2022 06:20am

Opinion

Exports: big boost possible

The Commerce Minister of Bangladesh (BD) has set his country’s export target for 2022-2025 at $ 80 billion. BD has...

Published 02 Feb, 2022 04:45am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 10	280.13
USD PKR Interbank Buying / Mar 10	279.93
USD to Japanese Yen / Mar 11	147.18
USD to Swiss Franc / Mar 11	0.88
Pound Sterling to USD / Mar 11	1.29
Euro to USD / Mar 11	1.08
UK LIBOR % / Mar 10	4.96

Stock	Volume
S&P 500 / Mar 10	5,614.56
Nasdaq / Mar 10	17,468.32
FTSE 100 / Mar 10	8,600.22
Dow Jones / Mar 10	41,911.71
Germany DAX 30 / Mar 10	22,620.95
France CAC40 / Mar 10	8,047.60
India Sensex / Mar 11	73,943.98
Tokyo Nikkei / Mar 11	36,649.57
Hang Seng / Mar 11	23,539.43

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 10	17,585
Gold 10 Grams PKR / Mar 10	262,345
Petrol/Litre / Mar 11	255.63
Crude Oil USD/Barrel / Mar 11	66.06
Gold Spot USD/Ounce / Mar 11	2,894.43
Diesel/Litre / Mar 11	258.64
Cotton US¢/pound / Mar 11	65.78

Gainers
Losers
Leaders

Stock	Price
Pak Gen.Ins. / Mar 11 The Pakistan General Insurance Co. Ltd.(PKGI)	9.84 ▲ 0.99 (11.19%)
At-Tahur Ltd. / Mar 11 At-Tahur Limited(PREMA)	35.37 ▲ 3.22 (10.02%)
JS Investments / Mar 11 JS Investments Limited(JSIL)	23.99 ▲ 2.18 (10%)
Supernet Ltd. / Mar 11 Supernet Limited (GEM)(GEMSPNL)	19.25 ▲ 1.75 (10%)
Khyber Textile / Mar 11 Khyber Textile Mills Limited(KHYT)	499.98 ▲ 45.45 (10%)
Macter Int. Ltd / Mar 11 Macter International Limited(MACTER)	355.73 ▲ 32.34 (10%)
Barkat Frisian Agro / Mar 11 Barkat Frisian Agro Limited(BFAGRO)	24.22 ▲ 2.2 (9.99%)
Hussain Industries / Mar 11 Husein Industries Limited(HUSI)	28.29 ▲ 2.48 (9.61%)
Olympia Mills / Mar 11 Olympia Mills Limited(OML)	32.85 ▲ 2.86 (9.54%)
Kohinoor Mills / Mar 11 Kohinoor Mills Limited(KML)	32.85 ▲ 2.83 (9.43%)

Stock	Price
Sec. Inv. Bank / Mar 11 Security Investment Bank Limited(SIBL)	7.12 ▼ -0.99 (-12.21%)
Int. Knit. / Mar 11 International Knitwear Limited(INKL)	16.18 ▼ -1.8 (-10.01%)
Sindh Abadgar / Mar 11 Sindh Abadgar's Sugar Mills Limited(SASML)	50.18 ▼ -5.58 (-10.01%)
Ideal Sp. / Mar 11 Ideal Spinning Mills Limited(IDSM)	14.53 ▼ -1.56 (-9.7%)
First Elite Cap.Mod / Mar 11 First Elite Capital Modaraba(FECM)	10.10 ▼ -0.9 (-8.18%)
Power Cem(Pref) / Mar 11 Power Cement (Pref)(POWERPS)	13.30 ▼ -1.16 (-8.02%)
Noon Sugar / Mar 11 Noon Sugar Mills Limited(NONS)	73.52 ▼ -5.48 (-6.94%)
Tri-Star Mutual / Mar 11 Tri-Star Mutual Fund Limited(TSMF)	7.67 ▼ -0.45 (-5.54%)
Equity Modaraba / Mar 11 First Equity Modaraba(FEM)	3 ▼ -0.17 (-5.36%)
LSE Ventures / Mar 11 LSE Ventures Limited(LSEVL)	10.71 ▼ -0.56 (-4.97%)

Stock	Volume
Power Cement / Mar 11 Power Cement Limited(POWER)	24,823,328 ▼ -0.11
Fauji Cement / Mar 11 Fauji Cement Company Limited(FCCL)	22,194,869 ▼ -0.37
Maple Leaf Cement / Mar 11 Maple Leaf Cement Factory Limited(MLCF)	19,750,525 ▼ -0.93
B.O.Punjab / Mar 11 The Bank of Punjab(BOP)	19,550,989 ▲ 0.1
Sui South Gas / Mar 11 Sui Southern Gas Company Limited(SSGC)	17,959,994 ▲ 0.11
K-Electric Ltd. / Mar 11 K-Electric Limited(KEL)	16,661,305 ▼ -0.07
WorldCall Telecom / Mar 11 Worldcall Telecom Limited(WTL)	16,364,086 ▼ -0.02
At-Tahur Ltd. / Mar 11 At-Tahur Limited(PREMA)	11,338,540 ▲ 3.22
National Bank / Mar 11 National Bank of Pakistan(NBP)	10,712,422 ▼ -0.1
D.G.K.Cement / Mar 11 D.G. Khan Cement Company Limited(DGKC)	9,171,488 ▼ -0.78

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