April 24, 2024

Pkrevenue.com

Pakistan Revenue

Day: October 11, 2021

IR officers to freeze bank accounts for tax recovery
Oct 11
Taxation

IR officers to freeze bank accounts for tax recovery

ISLAMABAD: The officers of Inland Revenue (FBR) have been authorized to access bank accounts of taxpayers for recovery of outstanding duty and taxes. In an official memo issued on Monday, the Federal Board of Revenue (FBR) has restored the powers of Commissioners IR to exercise their powers under Income Tax Ordinance, 2001 and Sales Tax […]

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Tax ordinance empowers FBR to make rules
Oct 11
Taxation

Tax ordinance empowers FBR to make rules

Section 237 of Income Tax Ordinance, 2001 has explained the tax ordinance empowered the Federal Board of Revenue (FBR) to make rules. 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 237 of Income Tax […]

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KIBOR rates on October 11, 2021
Oct 11
Money & Banking

KIBOR rates on October 11, 2021

KARACHI: State Bank of Pakistan (SBP) on Monday issued the following Karachi Interbank Offered Rates (KIBOR) on October 11, 2021.  Tenor BID OFFER 1 – Week 7.21 7.71 2 – Week 7.25 7.75 1 – Month 7.29 7.79 3 – Month 7.71 7.96 6 – Month 8.06 8.31 9 – Month 8.36 8.86 1 – […]

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PQGTL inks deal to promote Takaful products online
Oct 11
Corporate

PQGTL inks deal to promote Takaful products online

KARACHI: Pak-Qatar General Takaful (PQGTL) has signed an agreement with Cometinsure (Online aggregator) to promote Takaful products online. Muhammad Raza (Head of Operations, PQGTL) and Muhammad Sufyan Bedi (Operations Manager, Cometinusre) signed the agreement along with senior officials of both companies. Muhammad Raza while speaking at the signing ceremony stated, “We are extremely delighted to […]

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SBP softens conditions for renewable energy financing State Bank of Pakistan
Oct 11
Energy, Money & Banking

SBP softens conditions for renewable energy financing

KARACHI: The State Bank of Pakistan (SBP) has relaxed financing conditions to promote investment in renewable energy solutions by companies. The SBP in a statement on Monday said that it had softened the conditions for renewable energy solution providers under its Refinance Scheme for Renewable Energy. Now, all Renewable Energy Investment Entities (RE-IEs) interested in […]

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Business community mourns Abdul Qadeer’s demise
Oct 11
Trade & Industry

Business community mourns Abdul Qadeer’s demise

KARACHI: Pakistan’s business community has mourned the demise of Dr. Abdul Qadeer Khan, who was legendary scientist and father of Pakistan’s nuclear program. Mian Nasser Hyatt Maggo, President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), in a statement said that the entire business, industry and trade community of Pakistan is mourning the […]

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Rupee falls by 21 paisas against dollar
Oct 11
Money & Banking

Rupee falls by 21 paisas against dollar

KARACHI: The Pak Rupee (PKR) fell by 21 paisas against the dollar on Monday due to higher dollar demand for external payment. The rupee ended at Rs170.74 to the dollar as compared with last Friday’s closing of Rs170.53 in the interbank foreign exchange market. Currency experts said that dollar demand was high because the market […]

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