ISLAMABAD: The government on Thursday announced to increase per liter petrol price by Rs4 to Rs127.30, which is a record high price in the history of the country. Besides, the government also decided to increase prices of other petroleum products that will be effective from October 01, 2021. The price of high-speed diesel has been … Read more
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Thursday approved a summary for import of 550,000 metric tons of wheat for the fiscal year 2021/2022. Finance Minister Shaukat Tarin presided over the meeting of the ECC. The ECC approved the summary by the ministry of National Food Security and Research (NFS&R), regarding the … Read more
KARACHI: The stock market gained 533 points on Thursday and made a closing hour recovery due to buying after a bearish movement earlier in the day. The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) gained 533 points to close at 44,900 points from the previous day’s closing of 44,367 points. Analysts at Topline … Read more
ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday admitted serious technical problems in IRIS – the return filing portal – and extended the date by 15 days. In a circular issued by the FBR stated that the revenue body had extended the date of filing of the income tax return for tax year 2021 … Read more
KARACHI: The last date for filing income tax returns has been extended for 15 days till October 15, 2021 from September 30, 2021. Finance Minister Shaukat Tarin on Thursday announced to extend the date after listening to the problems being faced by taxpayers in filing income tax returns, which were highlighted by a delegation of … Read more
KARACHI: The Pak Rupee (PKR) witnessed a new historic low at Rs170.66 against the dollar on Thursday owing to demand for import and corporate payments. The rupee fell by 18 paisas to Rs170.66 against the dollar from the previous day’s closing of Rs170.48 in the interbank foreign exchange market. Currency experts said that persistent demand … Read more
KARACHI: State Bank of Pakistan (SBP) on Thursday issued the following Karachi Interbank Offered Rates (KIBOR) on September 30, 2021. Tenor BID OFFER 1 – Week 7.19 7.69 2 – Week 7.25 7.75 1 – Month 7.31 7.81 3 – Month 7.53 7.78 6 – Month 7.90 8.15 9 – Month 8.21 8.71 1 – Year 8.43 8.93
State Bank of Pakistan KARACHI: The State Bank of Pakistan (SBP) on Thursday imposed 100 per cent cash margin restriction on import of additional 114 items. The SBP in a notification referred to BPRD Circular No. 02 of 2017 and BPRD Circular No. 5 of 2018 on the captioned subject, as amended from time to time. In that regard, … Read more
KARACHI: The State Bank of Pakistan (SBP) on Thursday issued customers’ exchange rates for September 30, 2021. The exchange rate is on the basis of weighted average rates of commercial banks. The SBP said the data is compiled and disseminated for information only. These exchange rates are estimates that quoted by various commercial banks to their clients. The banks provide their indicative exchange rates for commercial transactions with customers. CURRENCY BUYING SELLING AED … Read more
Section 216A of Income Tax Ordinance, 2001 describes the proceedings against authority and persons. 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 216A of Income Tax Ordinance, 2001: 216A. Proceeding against authority and persons.- … Read more