Month: July 2021
Expenditure against profit on debt allowed
Section 28 of Income Tax Ordinance, 2001 has allowed expenses to taxpayers against profit on debt to the extent used in business purpose. The Federal Board of Revenue (FBR) issued the […]
Around 65,000 industry workers vaccinated: KATI
KARACHI: Around 65,000 industry workers have been vaccinated with the help of Sindh government, said Saleem-uz-Zaman, President, Korangi Association of Trade and Industry (KATI). He said that in Korangi industrial […]
FBR collects Rs410 billion; highest ever in July
ISLAMABAD: Federal Board of Revenue (FBR) has posted a robust growth of 48 per cent in the first month of the fiscal year 2021/2022. The collection in July 2021 is […]
Weekly Review: lockdown may impact trading sentiments
KARACHI: The lockdown imposed by Sindh government may impact positive sentiments in the stock market. Analysts at Arif Habib Limited said that Karachi is set to observe a more stringent […]
Pak Rupee to Saudi Riyal on July 31, 2021
KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on July 31, 2021: Buying: Rs 43.00 to […]
Pak Rupee to UAE Dirham on July 31, 2021
KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on July 31, 2021: Buying: Rs 43.00 to […]
Pak Rupee to Euro on July 31, 2021
KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on July 31, 2021: Buying: Rs 187.50 to the […]
Pak Rupee to UK Pound on July 31, 2021
KARACHI: Following are the rates of buying and selling of one UK Pound Sterling (GBP) in Pakistani Rupee (PKR) in the open market on July 31, 2021: Buying: Rs 222 […]
Pak Rupee to US Dollar on July 31, 2021
KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on July 31, 2021: Buying: Rs 161.30 to […]
Expenses on employee training allowed tax adjustment
Section 27 of Income Tax Ordinance, 2001 has allowed adjustment of expenses incurred on employee training and facilities. The Federal Board of Revenue (FBR) issued the Income Tax Ordinance, 2001 updated […]