News stories for Huzaima Bukhari

Huzaima Bukhari

Opinion

FBR performance under the spotlight

The present team of Federal Board of Revenue (FBR) deserves appreciation for showing noteworthy performance during...

Updated 05 Feb, 2021 11:48pm

Opinion

Constitution and tax codes — II

Justice Ch. Ijaz Ahmad in his separate note in the CIT v Eli Lily (Pvt) Ltd (2009) 100 Tax 81 (S.C. Pak) made the...

Published 30 Jan, 2021 03:55am

Opinion

Constitution and tax codes — I

Every year before the preparation of annual federal budget, the Federal Board of Revenue (FBR) seeks proposals from...

Published 29 Jan, 2021 04:55am

Opinion

Restructuring the tax system — III

While the FBR under the present economic team has performed excellently under the adverse conditions and despite...

Published 24 Jan, 2021 03:32am

Opinion

Restructuring the tax system — II

The PTI Government showed lack of political will to reduce exemptions, concessions, waivers and immunities to the...

Published 23 Jan, 2021 03:56am

Opinion

Restructuring the tax system — I

“If we realise that the FBR cannot be fixed, we will create a new FBR. This is because Pakistan’s survival is...

Published 22 Jan, 2021 04:47am

Opinion

Advance tax, refunds & compensation — III

The PTI Government without waiting for the next budget, through Presidential Order or Finance Supplementary Bill...

Published 17 Jan, 2021 04:13am

Opinion

Advance tax, refunds & compensation — II

In section 171(2)(c) of the Ordinance, it is provided that “in any other case, on the date the refund order is...

Published 16 Jan, 2021 02:56am

Opinion

Advance tax, refunds & compensation — I

A cursory look at the annual year books published by the Federal Board of Revenue (FBR) after the promulgation of...

Published 15 Jan, 2021 03:16am

Opinion

FATF: challenges & solutions—II

This all is happening when Pakistan is facing a daunting challenge to come out of FATF’s grey list since 2018. The...

Updated 09 Jan, 2021 03:22am

Opinion

FATF: challenges & solutions — I

“Since June 2018, when Pakistan made a high-level political commitment to work with the Financial Action Task ...

Updated 08 Jan, 2021 03:29am

Opinion

There’s need to remove confusion—III

The pronouncement of the Supreme Court (carried in part-II of this article) clearly says that all the laws related ...

Published 02 Jan, 2021 03:04am

Opinion

There’s need to remove confusion — II

It is strange that Sindh and Punjab Assemblies, while enacting the Sindh Workers Welfare Fund Act, 2014 and Punjab...

Updated 01 Jan, 2021 03:41am

Opinion

There’s need to remove confusion — I

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

Updated 25 Dec, 2020 04:43am

Opinion

General’s ‘general law’ vs ‘special law’

The Income Tax Ordinance, 2001 was promulgated by General Pervez Musharraf, through a Presidential Ordinance on...

Updated 18 Dec, 2020 03:51am

Opinion

Taxing what is not 'income'-II

In the Shahid Pervaiz v Ejaz Ahmad and others 2017 SCMR 206, 14-member bench of Supreme Court held: "....where the...

Published 13 Dec, 2020 02:44am

Opinion

Taxing what is not 'income'- I

It is a cardinal principle that what is not "income" cannot be taxed under the income tax law (presently in ...

Updated 11 Dec, 2020 03:32am

Opinion

'Services' & immovable property income taxation: Constitutional violations

The taxation of "services" mentioned in section 153(1)(b) of the Income Tax Ordinance, 2001 ["the Ordinance"] with...

Published 04 Dec, 2020 03:04am

Markets

Taxation: Doctrine of mutuality

It is an established principle that what is not "income" under the income tax law cannot be taxed, and where there ...

Published 27 Nov, 2020 03:08am

Opinion

Countering financial crimes

In recent days, Federal Board of Revenue (FBR) has taken many steps to enforce internal accountability mechanism to...

Published 20 Nov, 2020 03:04am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 14	278.27
USD PKR Interbank Buying / May 14	278.07
USD to Japanese Yen / May 14	156.42
USD to Swiss Franc / May 14	0.91
Pound Sterling to USD / May 14	1.26
Euro to USD / May 14	1.08

Stock	Volume
S&P 500 / May 13	5221.42
Nasdaq / May 13	16388.24
FTSE 100 / May 13	8414.99
Dow Jones / May 13	39431.51
Germany DAX 30 / May 13	18742.22
France CAC40 / May 13	8209.28
India Sensex / May 14	72853.85
Tokyo Nikkei / May 14	38227.19

Item	Value
Karachi Cotton PKR/37.32 KG / May 13	19935
Gold 10 Grams PKR / May 13	207733
Petrol/Litre / May 14	288.49
Crude Oil USD/Barrel / May 14	79.23
Gold Spot USD/Ounce / May 14	2344.20
Diesel/Litre / May 14	281.96

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 14 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 14 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 14 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 14 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 14 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 14 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 14 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 14 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 14 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 14 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 14 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 14 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 14 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 14 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 14 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 14 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 14 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 14 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 14 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 14 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 14 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 14 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 14 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 14 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 14 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 14 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 14 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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