August 12, 2022

Pkrevenue.com

Pakistan Revenue

Month: July 2021

Expenditure against profit on debt allowed
Jul 31
Taxation

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 Income Tax Ordinance, 2001 updated up to June 30, 2021. The Ordinance incorporated amendments brought through Finance Act, 2021. Following is the text of Section 28 […]

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Around 65,000 industry workers vaccinated: KATI
Jul 31
Trade & Industry

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 area alone more than 65,000 employees have been vaccinated in collaboration with the Sindh government, which shows that the spread of Corona is not possible […]

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FBR collects Rs410 billion; highest ever in July
Jul 31
Taxation

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 the highest collection in the same month of any past year. The tax collection target for the fiscal year has been set at Rs5,829 billion. […]

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Pak Rupee to UAE Dirham on July 31, 2021
Jul 31
Money & Banking

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 the UAE Dirham Selling: Rs 43.50 to the UAE Dirham We update rates hourly so we can offer you the best AED to PKR. The […]

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Pak Rupee to Euro on July 31, 2021
Jul 31
Money & Banking

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 Euro Selling: Rs 189.50 to the Euro We update rates hourly so we can offer you the best EUR to PKR. The Euro /PKR parity […]

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Pak Rupee to UK Pound on July 31, 2021
Jul 31
Money & Banking

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 to the UK Pound Sterling Selling: Rs 225 to the UK Pound Sterling We update rates hourly so we can offer you the best GBP […]

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Pak Rupee to US Dollar on July 31, 2021
Jul 31
Money & Banking

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 the Dollar Selling: Rs 162.30 to the Dollar We update rates hourly so we can offer you the best USD to PKR. The US Dollar […]

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Expenses on employee training allowed tax adjustment
Jul 31
Taxation

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 up to June 30, 2021. The Ordinance incorporated amendments brought through Finance Act, 2021. Following is the text of Section 27 of Income Tax Ordinance, 2001: […]

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