KARACHI: State Bank of Pakistan (SBP) on Friday issued the following Karachi Interbank Offered Rates (KIBOR) on October 08, 2021. Tenor BID OFFER 1 – Week 7.23 7.73 2 – Week 7.26 7.76 1 – Month 7.31 7.81 3 – Month 7.71 7.96 6 – Month 8.06 8.31 9 – Month 8.36 8.86 1 – Year 8.59 9.09
KARACHI: The stock exchange fell by 109 points on Friday amid range bound trading activities during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 44,477 points as compared with previous ending 44,586 points. Analysts at Topline Securities said that range bound activity was observed at the bourse today, as the […]
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has expressed annoyance over suspension in gas supply to industrial sector. Mian Nasser Hyatt Maggo, President FPCCI, in a statement on Friday expressed his profound concerns over yet another gas supply suspension for 72 hours for the industrial areas of Sindh and Balochistan. It will […]
State Bank of Pakistan
KARACHI: The State Bank of Pakistan (SBP) on Friday launched a webpage for the promotion of house financing in the country, especially for Mera Pakistan Mera Ghar (MPMG). A statement said that the central bank had launched dedicated landing webpage on promoting housing and construction finance on its website. The page contains extensive information on […]
Section 236G of Income Tax Ordinance, 2001 defined rates of advance income tax on sales to distributors, dealers and wholesalers. 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 236G of Income Tax Ordinance, 2001: 236G. Advance tax on […]
State Bank of Pakistan
KARACHI: Overseas Pakistanis have remitted $8.034 billion during first quarter (July – September) of the fiscal year 2021/2022, State Bank of Pakistan (SBP) said on Friday. The home remittances during the first quarter registered a rise of 12.5 per cent when compared with $7.143 billion in the corresponding period of the last fiscal year. The […]
KARACHI: The dollar eased by 34 paisas to Rs170.53 in the interbank foreign exchange market on Friday. The Pak Rupee (PKR) ended at Rs170.53 to the dollar from previous day’s closing of Rs150.87 in the interbank foreign exchange market. Currency experts said that the measures taken by the central bank had helped in reducing the […]
Karachi, October 08, 2021: The State Bank of Pakistan (SBP) has issued the official exchange rates for Friday, October 08, 2021.
Section 236C of Income Tax Ordinance, 2001 has explained the application of the advance tax on the sale or transfer of immovable properties. 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 236C of Income Tax Ordinance, 2001: 236C. […]
Section 236A of Income Tax Ordinance, 2001 describes the advance tax on sale through auction. The Federal Board of Revenue (FBR) issued the Income Tax Ordinance, 2001 updated up to June 30, 2021.