Sep 18

Business community rejects hike in oil prices

KARACHI: The business community has rejected the increase in prices of petroleum products and demanded the government to immediately withdraw the decision. Anjum Nisar, chairman of Businessmen Panel, which is ruling body of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) in a statement on Saturday said the move will hit the industry hard. […]

by Faisal Shahnawaz

Penalty amount doubles for non-filer salaried persons

Sep 18

Taxation

Penalty amount doubles for non-filer salaried persons

ISLAMABAD: The Federal Board of Revenue (FBR) will recover a minimum amount of Rs10,000 as a penalty from salaried persons, who failed to file an income tax return during a tax year. The minimum penalty has been increased from Rs5,000 to Rs10,000. The changes have been brought through Tax Laws (Third Amendment) Ordinance, 2021, which […]

by Mrs. Anjum Shahnawaz

Domestic electricity consumers to pay 35% additional AIT

Sep 18

Taxation

Domestic electricity consumers to pay 35% additional AIT

The federal government of Pakistan has introduced an additional advance income tax (AIT) of up to 35% on the consumption of electricity by individuals not appearing on the Active Taxpayers List (ATL).

by Faisal Shahnawaz

Sep 18

Stock & Commodity

Weekly Review: market likely to stay positive

KARACHI: The stock market is likely to stay positive during next week owing to upcoming IMF talks and ease in infection cases of coronavirus. Analysts at Arif Habib Limited said that the market to remain positive in the upcoming week attributable to talks with IMF for the sixth tranche to start at the end of […]

by Faisal Shahnawaz

Exchange rates in PKR vs other currencies on Sept 18

Sep 18

Money & Banking

Exchange rates in PKR vs other currencies on Sept 18

KARACHI: Following are the exchange rates of foreign currencies in Pak Rupee (PKR) on September 18, 2021 (The rates are updated at 11:15 AM): Currency Buying Selling Australian Dollar 121.60 123.50 Bahrain Dinar 386.60 388.36 Canadian Dollar 133.10 135.10 China Yuan 23.70 23.85 Danish Krone 23.40 23.70 Euro 197.00 199.00 Hong Kong Dollar 16.60 16.85 Indian Rupee 2.03 2.10 Japanese […]

by Hamza Shahnawaz