ISLAMABAD – Pakistan has formally requested the Financial Action Task Force (FATF) to take immediate action against what it alleges to be India’s concerted efforts to politicize the international watchdog and influence decisions to place Pakistan on the grey list.
KARACHI: Banks will observe three holidays on account of Eid ul Adha from July 20 to July 22, 2021. The banks will reopen on Friday July 23, 2021, as per the announcement. A statement issued by the State Bank of Pakistan (SBP) said that the central bank will observe Eid ul Adha holidays on July […]
State Bank of Pakistan
KARACHI: The State Bank of Pakistan (SBP) on Monday notified amendments to foreign exchange manual to eliminate Electronic Import Form for Pakistan Single Window (PSW). The central bank in a statement on Monday said it was in the process of revising the foreign exchange regulations. The primary objective of these revisions is to promote ease […]
ISLAMABAD: Section 7 of Income Tax Ordinance, 2001 deals with tax chargeability on shipping, air transport income of non-residents. The Federal Board of Revenue (FBR) issued the updated Income Tax Ordinance, 2001. The Ordinance incorporated amendments brought through Finance Act, 2021. Section 7: Tax on shipping and air transport income of a non-resident person.— (1) […]
KARACHI: The stock exchange gained 39 points on Monday in range bound trading activities. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 47,873 points. The market closed at 47,834 points last Friday, showing an increase of 39 points. Analysts at Arif Habib Limited said that the market traded in a narrow range. […]
The Sindh Revenue Board (SRB) announced on Monday an extension of the deadline for sales tax payment and the filing of returns for June 2021.
State Bank of Pakistan
KARACHI: State Bank of Pakistan (SBP) on Monday issued following Karachi Interbank Offered Rates (KIBOR) on July 19, 2021. Tenor BID OFFER 1 – Week 6.94 7.44 2 – Week 6.97 7.47 1 – Month 7.01 7.51 3 – Month 7.14 7.39 6 – Month 7.35 7.60 9 – Month 7.45 7.95 1 – Year […]
KARACHI: The Pak Rupee fell by Rs1.54 against dollar on Monday due to higher demand for foreign currency ahead of Eid holidays. The rupee ended at Rs161.48 to the dollar from last Friday’s closing of Rs159.94 to the dollar. Currency experts said that the dollar demand for imports remained higher owing to three holidays announced […]
The Federal Board of Revenue (FBR) has announced significant transfers and postings in the Pakistan Customs Service (PCS), affecting key positions in Karachi. Abdul Qadir Memon, a seasoned BS-20 officer of the PCS, has been appointed as the Chief Collector, Enforcement (South), Karachi.
KARACHI: The State Bank of Pakistan (SBP) on Monday issued customers’ exchange rates on the basis of weighted average rates of commercial banks. The SBP said that the data is compiled and disseminated for information only. These Exchange Rates are an estimate of the Exchange Rates quoted by various Commercial Banks to their clients. They […]