Nov 23

Focus on increasing investment in export industry: PM

ISLAMABAD: Prime Minister Imran Khan on Tuesday said that the government has focused on increasing investment in the export industry to create employment opportunities. The prime minister chaired a review meeting of PM’s Priority Sectors which was held in Islamabad. The prime minister said that the government is taking steps on a priority basis to […]

by Mrs. Anjum Shahnawaz

Dr. Wasif Memon appointed as SRB chairman

Nov 23

Taxation

Dr. Wasif Memon appointed as SRB chairman

KARACHI: Dr. Wasif Ali Memon, a former senior officer of the Federal Board of Revenue (FBR), has been appointed as the Chairman of the Sindh Revenue Board (SRB) by the provincial government. The Sindh government has issued a notification dated November 23, 2021, to appoint Dr. Wasif Ali Memon as the chairman of the SRB. […]

by Faisal Shahnawaz

PM Imran launches tax monitoring ‘track, trace’ system

Nov 23

Taxation, Top stories

PM Imran launches tax monitoring ‘track, trace’ system

ISLAMABAD: Prime Minister Imran Khan on Tuesday launched the online monitoring of supply and production of various items in order to plug revenue leakages. Taxes vital for country’s economic stability and survival, the prime minister hoped and said that the use of technology will help check tax-pilferage and take revenue collection to the tune of […]

by Mrs. Anjum Shahnawaz

KSE-100 Index falls 796 points on KIBOR rise

Nov 23

Stock & Commodity

KSE-100 Index falls 796 points on KIBOR rise

KARACHI: The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) fell by 796 points on Tuesday on hefty increase in Karachi Interbank Offered Rate (KIBOR) following key policy rate rise. The KSE-100 index closed at 44,949 points as against the previous day’s closing of 45,745 points, showing a decrease of 796 points. Analysts at […]

by Faisal Shahnawaz

Nov 23

Money & Banking

KIBOR rates on November 23, 2021

KARACHI: State Bank of Pakistan (SBP) on Tuesday issued the following Karachi Interbank Offered Rates (KIBOR) on November 23, 2021. Tenor BID OFFER 1 – Week 8.79 9.29 2 – Week 8.84 9.34 1 – Month 8.96 9.46 3 – Month 9.65 9.90 6 – Month 9.97 10.22 9 – Month 10.28 10.78 1 – Year 10.52 11.02

by Faisal Shahnawaz

Nov 23

Money & Banking

Dollar slips 47 paisas at market close

KARACHI: The dollar recorded a decrease of 47 paisas against the Pak Rupee (PKR) on Tuesday. The decline in dollar value has been attributed to certainty about inflows under the IMF loan program. The rupee ended Rs174.30 to the dollar from the previous day’s closing of Rs174.77 in the interbank foreign exchange market. Currency analysts […]

by Faisal Shahnawaz

SBP issues customers exchange rates for November 23

Nov 23

Money & Banking

SBP issues customers exchange rates for November 23

Karachi, November 23, 2021 – The State Bank of Pakistan (SBP) has issued the official exchange rates for customers, effective as of November 23, 2021.

by Faisal Shahnawaz

Ghandhara Nissan to launch Chery vehicles current fiscal

Nov 23

Automotive

Ghandhara Nissan to launch Chery vehicles current fiscal

KARACHI: Ghandhara Nissan Limited on Tuesday announced to launch of Chery passenger vehicles in Pakistan during the current fiscal year. In a communication to Pakistan Stock Exchange (PSX), the company shred information which refers to the arrangements made between M/s. Ghandhara Nissan Limited and M/s. Chery Automobile Co. Limited – Wuhu, China (Chery) for the […]

by Hamza Shahnawaz

Nov 23

Taxation

Powers and functions of directorates

The Sales Tax Act, 1990, under Section 30E, provides clarity on the powers and functions of Directorates and their officers.

by Hamza Shahnawaz

Nov 23

Money & Banking

Today’s currency exchange rates in PKR – Nov 23, 2021

KARACHI: Following are the open market exchange rates of foreign currencies in Pak Rupee (PKR) in Pakistan on November 23, 2021 (The rates are updated at 09:59 AM Pakistan Standard Time): Currency Buying Selling Australian Dollar (AUD) 126 127.50 Bahrain Dinar (BHD) 386.75 388.50 Canadian Dollar (CAD) 136.50 138.50 China Yuan (CNY) 23.75 23.90 Danish Krone (DNK) 23.45 23.75 Euro (EUR) 196 198 Hong […]

by Hamza Shahnawaz