KARACHI: Karachi Tax Bar Association (KTBA) has submitted suggestions to the Federal Board of Revenue (FBR) for the implementation of electronic filing of appeals in sales tax and federal excise. The tax bar sent a set of recommendations to the FBR on Tuesday for e-filing of appeals in sales tax and federal excise regimes. The […]
KARACHI: Pakistan’s fiscal balance in the outgoing first quarter of 2021/2022 posted a deficit of PKR 438 billion, -9.5 per cent YoY lower than prior year’s deficit, according to data released by the finance ministry on Tuesday. In terms of per cent GDP, the deficit arrived at 0.8 per cent in 1QFY22 compared to 1.1 […]
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Institute of Business Administration (IBA) have agreed to collaborate in policy research and formulating proposals for federal and provincial budgets. The two institutions have agreed to collaborate in the spheres of Data-based Policy Research; Data Sharing; formulating Proposals for Monetary Policy and Federal & […]
KARACHI: Traders have sought help from Karachi Chamber of Commerce and Industry (KCCI) against the highhandedness of police officers in dealing with shopkeepers. Members of a delegation from Jama Alliance Market Association (JAMA), while expressing deep concerns over rising incidents of thefts in the Jama Markets and the poor behavior of police officers in dealing […]
KARACHI: The stocks plunged by 715 points on Tuesday owing to weakening in the value of Pak Rupee (PKR). The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 46400 points as against previous day’s closing of 47,115 points showing a decrease of 715 points. Analysts at Arif Habib Limited said that bloodbath session […]
KARACHI: State Bank of Pakistan (SBP) on Tuesday issued the following Karachi Interbank Offered Rates (KIBOR) on November 09, 2021. Tenor BID OFFER 1 – Week 7.25 7.75 2 – Week 7.29 7.79 1 – Month 7.39 7.89 3 – Month 8.37 8.62 6 – Month 8.65 8.90 9 – Month 8.93 9.43 1 – Year 9.09 9.59
Karachi, November 09, 2021 – The State Bank of Pakistan (SBP) has published the official exchange rates for customers as of November 09, 2021.
KARACHI: The US dollar made a gain of Rs1.12 against the Pak Rupee on Tuesday as import payment demand remained high during the day. The rupee ended at Rs171.63 to the dollar from the previous day’s closing of Rs170.51 in the interbank foreign exchange market. The dollar advanced against the local currency for the second […]
ISLAMABAD: Federal Board of Revenue (FBR) has announced an incentive scheme for its officials in completion and timely submission of inquiry reports, official sources said on Tuesday. Under the incentive scheme up to two basic salaries have been announced for the authorized officer for submitting inquiry report up to 60 days from receipt of letter […]
KARACHI: The Pak Rupee (PKR) continued to slide against the dollar in early trade on Tuesday and lost 84 paisa to the foreign currency so far. The dollar is being traded at Rs171.35 in the interbank foreign exchange market. The last day closing of the rupee was Rs170.51 to the dollar in the interbank foreign […]