Author: Hamza Shah
Depositors’ protection money enhanced to Rs500,000
KARACHI: The Deposit Protection Corporation (DPC) has increased the guarantee amount for all eligible depositors of banks from Rs250,000 to Rs500,000. The State Bank of Pakistan (SBP) on Friday said […]
Exchange rates in PKR vs foreign currencies on Sept 24
KARACHI: Following are the exchange rates of foreign currencies in Pak Rupee (PKR) on September 24, 2021 (The rates are updated at 09:13AM): Currency Buying Selling Australian Dollar 122 124 Bahrain Dinar 386.6 388.36 Canadian […]
Tax laws amended to include digital payment
ISLAMABAD: Federal Board of Revenue (FBR) on Thursday said that tax law has been amended to include mode of digital payment. To improve documentation, a new clause (la) has been […]
Prosecution for sharing unauthorized information
Section 198 of Income Tax Ordinance, 2001 has explained prosecution for sharing unauthorized information by public servant. The Federal Board of Revenue (FBR) issued the Income Tax Ordinance, 2001 updated up to June 30, 2021. The Ordinance incorporated […]
KSE-100 index plunges by 300 points amid selling
KARACHI: The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) plunged by 300 points on Thursday. The stock market witnessed a decline due to selling pressure observed later in the […]
Dollar strengthens against PKR in interbank
KARACHI: The US dollar made a gain of 35 paisas against the Pak Rupee (PKR) on Thursday. The higher demand for external payments resulted in dollar appreciation. The rupee closed […]
Prosecution for disposal of property
Section 197 of Income Tax Ordinance, 2001 has explained prosecution for disposal of property to prevent attachment. The Federal Board of Revenue (FBR) issued the Income Tax Ordinance, 2001 updated up to June 30, 2021. The Ordinance incorporated […]
Exchange rates in PKR vs foreign currencies on Sept 23
KARACHI: Following are the exchange rates of foreign currencies in Pak Rupee (PKR) on September 23, 2021 (The rates are updated at 11:14AM): Currency Buying Selling Australian Dollar 121.50 123.50 Bahrain Dinar 386.60 388.36 Canadian […]
Prosecution for improper use of NTN Certificate
Section 194 of Income Tax Ordinance, 2001 has prescribed prosecution for improper use of NTN (National Tax Number) Certificate. The Federal Board of Revenue (FBR) issued the Income Tax Ordinance, 2001 updated up to June 30, […]
Three years imprisonment for undeclared offshore asset
Section 192B of Income Tax Ordinance, 2001 has prescribed three years imprisonment for undeclared offshore asset. The Federal Board of Revenue (FBR) issued the Income Tax Ordinance, 2001 updated up to June 30, 2021. The Ordinance incorporated amendments […]