News stories for Syed Shabbar Zaidi

Syed Shabbar Zaidi

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

Opinion

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 21	278.88
USD PKR Interbank Buying / Jan 21	278.78
USD to Japanese Yen / Jan 21	155.54
USD to Swiss Franc / Jan 21	0.91
Pound Sterling to USD / Jan 21	1.23
Euro to USD / Jan 21	1.04

Stock	Volume
S&P 500 / Jan 17	5,996.66
Nasdaq / Jan 17	19,630.20
Dow Jones / Jan 17	43,487.83
India Sensex / Jan 21	76,270.33
Tokyo Nikkei / Jan 21	39,027.98
Hang Seng / Jan 21	20,098.89
FTSE 100 / Jan 21	8,529.98
Germany DAX 30 / Jan 21	20,988.55

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 20	18,785
Gold 10 Grams PKR / Jan 20	242,541
Petrol/Litre / Jan 21	256.13
Crude Oil USD/Barrel / Jan 21	77.24
Gold Spot USD/Ounce / Jan 21	2,724.49
Diesel/Litre / Jan 21	260.95

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 21 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.60 ▲ 1.00 (11.63%)
Equity Modaraba / Jan 21 First Equity Modaraba(FEM)	3.54 ▲ 0.34 (10.62%)
Waves Home Appliances / Jan 21 Waves Home Appliances Limited(WAVESAPP)	11.30 ▲ 1.03 (10.03%)
786 Invest Ltd / Jan 21 786 Investments Limited(786)	10.98 ▲ 1.00 (10.02%)
Globe Residency / Jan 21 Globe Residency REIT(GRR)	17.36 ▲ 1.58 (10.01%)
Leather Up Ltd. / Jan 21 Leather Up Limited(LEUL)	25.06 ▲ 2.28 (10.01%)
Olympia Mills / Jan 21 Olympia Mills Limited(OML)	35.65 ▲ 3.24 (10.00%)
Pak Engineering / Jan 21 Pakistan Engineering Company Limited(PECO)	671.22 ▲ 61.02 (10.00%)
Shahtaj Sugar / Jan 21 Shahtaj Sugar Mills Limited(SHJS)	108.90 ▲ 9.90 (10.00%)

Stock	Price
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	45.21 ▼ -5.02 (-9.99%)
Ghani Chem. Ind. / Jan 21 Ghani Chemical Industries Limited(GCIL)	16.62 ▼ -1.62 (-8.88%)
D.M. Textile / Jan 21 D.M. Textile Mills Limited(DMTX)	64.32 ▼ -6.22 (-8.82%)
S.G.Power / Jan 21 S.G. Power Limited(SGPL)	9 ▼ -0.81 (-8.26%)
Dadabhoy Cement / Jan 21 Dadabhoy Cement Industries Limited(DBCI)	5.10 ▼ -0.43 (-7.78%)
Sanghar Sugar / Jan 21 Sanghar Sugar Mills Limited(SANSM)	23.05 ▼ -1.94 (-7.76%)
ZIL Limited / Jan 21 ZIL Limited(ZIL)	226.01 ▼ -18.99 (-7.75%)
Khyber Textile / Jan 21 Khyber Textile Mills Limited(KHYT)	526 ▼ -43.96 (-7.71%)
Gulistan Sp. / Jan 21 Gulistan Spinning Mills Limited(GUSM)	13 ▼ -1.03 (-7.34%)

Stock	Volume
Cnergyico PK / Jan 21 Cnergyico PK Limited(CNERGY)	111,866,059 ▲ 0.44
Bank Makramah / Jan 21 Bank Makramah Limited(BML)	69,297,556 ▲ 0.05
WorldCall Telecom / Jan 21 Worldcall Telecom Limited(WTL)	64,182,488 ▼ -0.09
Lotte Chemical / Jan 21 Lotte Chemical Pakistan Limited(LOTCHEM)	59,473,543 ▼ -0.94
Fauji Cement / Jan 21 Fauji Cement Company Limited(FCCL)	51,882,881 ▲ 0.34
Hascol Petrol / Jan 21 Hascol Petroleum Limited(HASCOL)	24,273,766 ▼ -0.39
Citi Pharma Ltd / Jan 21 Citi Pharma Ltd.(CPHL)	23,353,008 ▼ -1.60
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	22,896,108 ▼ -5.02
Ghani Chem. Ind. / Jan 21 Ghani Chemical Industries Limited(GCIL)	21,890,802 ▼ -1.62

Markets →

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