Pkrevenue.com

Month: December 2021

  • Exchange rates: PKR to AED on December 31, 2021

    Exchange rates: PKR to AED on December 31, 2021

    KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on December 31, 2021:

    Buying: Rs 49.50 to the UAE Dirham

    Selling: Rs 49.95 to the UAE Dirham

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells the foreign currency from a customer.

    The rate has been updated at 10:24 AM Pakistan Standard Time (PST).

    The UAE Dirham /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.

    Exchange rates: PKR to AED on December 30, 2021
  • Exchange rates: PKR to GBP on December 31, 2021

    Exchange rates: PKR to GBP on December 31, 2021

    KARACHI: Following are the rates of buying and selling of one UK Pound Sterling (GBP) in Pakistani Rupee (PKR) in the open market on December 31, 2021:

    Buying: Rs 236.60 to the UK Pound Sterling

    Selling: Rs 239.10 to the UK Pound Sterling

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells the foreign currency from a customer.

    The rate has been updated at 10:19 AM Pakistan Standard Time (PST).

    The UK Pound Sterling /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.

    Exchange rates: PKR to GBP on December 30, 2021
  • Bitcoin to Pak Rupee on December 31

    Bitcoin to Pak Rupee on December 31

    KARACHI: The exchange rate of Bitcoin (BTC) in Pak Rupee (PKR) is Rs8,465,737.12 on December 31, 2021 in open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs8,324,613.96 on December 30, 2021.

    The rate of Bitcoin in US Dollar (USD) is $47,381.84 on December 31, 2021 in open exchange market. The rate of Bitcoin has been calculated and compared with the rate $46,799.24 on December 30, 2021.

    Disclaimer: All data and information is provided for informational purposes only. The data has not been provided for trading purposes or financial, investment, tax, legal, accounting or other advice. In case of trading it is advised to consult your broker or financial representative to verify pricing before executing any trade. The exchange rate does not constitute investment advice. Further, it is not a recommendation to buy, sell or hold any security or financial product.

    Bitcoin to Pak Rupee on December 30
  • Exchange rates: PKR to EUR on December 31, 2021

    Exchange rates: PKR to EUR on December 31, 2021

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on December 31, 2021:

    Buying: Rs 200.45 to the Euro

    Selling: Rs 202.20 to the Euro

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells for foreign currency from a customer.

    The rate has been updated at 10:15 AM Pakistan Standard Time (PST).

    The Euro /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.

  • Exchange rates: PKR to SAR on December 31, 2021

    Exchange rates: PKR to SAR on December 31, 2021

    KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on December 31, 2021:

    Buying: Rs 46.55 to the Saudi Riyal

    Selling: Rs 47.05 to the Saudi Riyal

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells for foreign currency from a customer.

    The rate has been updated at 09:33 AM Pakistan Standard Time (PST).

    The Saudi Riyal /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.

    Exchange rates: PKR to SAR on December 30, 2021
  • Mini-budget: income tax rates proposed for foreign TV dramas

    Mini-budget: income tax rates proposed for foreign TV dramas

    ISLAMABAD: The government on Thursday presented a mini-budget and introduced income tax rates for foreign produced TV dramas.

    The changes have been proposed through the Finance (Supplementary) Bill, 2021 presented before the parliament. Sources in the Federal Board of Revenue (FBR) said that the imposition of tax on foreign TV dramas would general sizeable revenue.

    READ MORE: Mini-budget: Advance tax on motor vehicles doubles

    The proposed advance tax rates on foreign TV serials, dramas and advertise are:

    — On foreign-produced TV serials @ Rs.1 million per episode

    — On foreign-produced TV dramas @ Rs.3 million per production

    — On advertisement starring foreign actors @ Rs.0.5 million per second

    READ MORE: Tax exemptions worth Rs343 billion withdrawn through mini-budget

    In order to apply the tax rates, a new Section 236CA to Income Tax Ordinance, 2001 has been proposed through Finance (Supplementary) Bill, 2021.

    Following is the text of the proposed section:

    “236CA. Advance tax on TV plays and advertisements. – (1) Any licensing authority certifying any foreign TV drama serial or a play dubbed in Urdu or any other language, for screening and viewing on any landing rights channel, shall collect advance tax at the rates specified in Division XA of Part IV of the First Schedule.

    READ MORE: Text of Finance (Supplementary) Bill, 2021

    (2) Any licensing authority certifying any commercial for advertisement starring foreign actor, for screening and viewing on any landing rights channel shall collect advance tax at the rates specified in Division XA of Part IV of the First Schedule.

    (3) The tax required to be collected under this section shall be minimum tax in respect of income arising from such drama serial or play or advertisement referred to in sub-section (1) or (2) of this section.”

    READ MORE: Annual collection of capital gain tax falls by 26%

  • Mini-budget: Advance tax on motor vehicles doubles

    Mini-budget: Advance tax on motor vehicles doubles

    In a bid to curb the practice of on-money transactions on motor vehicles and boost advance tax revenues, the government has introduced significant changes in the Finance (Supplementary) Bill, 2021, commonly referred to as the mini-budget.

    (more…)
  • Tax exemptions worth Rs343 billion withdrawn through mini-budget

    Tax exemptions worth Rs343 billion withdrawn through mini-budget

    The Pakistani government unveiled a mini-budget on Thursday, signaling the withdrawal of tax exemptions amounting to Rs343 billion.

    (more…)
  • Text of Finance (Supplementary) Bill, 2021

    Text of Finance (Supplementary) Bill, 2021

    ISLAMABAD: The federal government on Thursday presented the Finance (Supplementary) Bill, 2021 which is called mini-budget by many quarters due to changes in taxation system.

    According to Finance Minister Shaukat Tarin the government has reviewed tax exemptions. This withdrawal of tax exemption will not affect the common men.

    Following is the text of the Finance (Supplementary) Bill, 2021:

    THE FINANCE (SUPPLEMENTARY) BILL, 2021

  • Stocks gain 156 points ahead of mini-budget

    Stocks gain 156 points ahead of mini-budget

    KARACHI: The stocks gained 156 points on Thursday ahead of mini-budget announcement, analysts said.

    The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 44,416 points as against previous day’s closing of 44,260 points, showing an increase of 156 points.

    READ MORE: KSE-100 index up 216 points in range-bound trading

    The analysts at Arif Habib Limited said that the index stayed in the green zone ahead of mini-budget.

    Cement sector remained in the limelight as cement stocks rallied in the first trading hour due to reduction in international coal prices.

    In banking sector, MEBL stayed in the limelight as SBP for the first time has introduced shariah compliant liquidity facilities for Islamic banking institutions to enable them to offer better returns and rates to their customers on deposits and loans.

    READ MORE: SBP introduces Shariah compliant OMO injections

    Moreover, activity continued to remain side-ways as market witnessed hefty volumes in the 3rd tier stocks.

    Sectors contributing to the performance include Technology & Communication (+79 points), Commercial Banks (+60 points), Fertilizer (+44 points) Cement (+32 points) and Tobacco (+16 points).

    Volumes decreased from 271.1 million shares to 243.1 million shares (-10.3 per cent DoD). Traded value increased by 26.8 per cent to reach US$ 58.3 million as against US$ 45.9 million.

    Stocks that contributed significantly to the volumes include KEL, TREET, TRG, CNERGY and PRL.