Author: Hamza Shahnawaz

Pakistani Rupee to UAE Dirham on October 24, 2022

KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on October 24, 2022:

Buying: Rs 62.00 to the UAE Dirham

Selling: Rs 62.62 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 09:00 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.

Pakistani Rupee to UAE Dirham on October 23, 2022

————————————————-

Pakistani Rupee to Canadian Dollar on October 24, 2022

KARACHI: Following are the rates of buying and selling of one Canadian Dollar (CAD) in Pakistani Rupee (PKR) in the open market on October 24, 2022:

Buying: Rs 163.00 to the Canadian Dollar

Selling: Rs 165.00 to the Canadian Dollar

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 09:00 AM Pakistan Standard Time (PST).

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

Pakistani Rupee to Canadian Dollar on October 23, 2022

————————————————-

Pakistani Rupee to US Dollar on October 24, 2022

KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on October 24, 2022:

Buying: Rs 222.70 to the US Dollar

Selling: Rs 224.90 to the US Dollar

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 09:00 AM Pakistan Standard Time (PST).

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

Pakistani Rupee to US Dollar on October 23, 2022

————————————————-

Pakistani Rupee to Saudi Riyal on October 24, 2022

KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on October 24, 2022:

Buying: Rs 59.10 to the Saudi Riyal

Selling: Rs 59.70 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 09:00 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.

Pakistani Rupee to Saudi Riyal on October 23, 2022

————————————————-

Pakistani Rupee to Euro on October 24, 2022

KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on October 24, 2022:

Buying: Rs 219.60 to the Euro

Selling: Rs 221.80 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 09:00 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.

Pakistani Rupee to Euro on October 23, 2022

————————————————-

Pakistani Rupee to UK Pound Sterling on October 24, 2022

KARACHI: Following are the rates of buying and selling of one UK Pound Sterling (GBP) in Pakistani Rupee (PKR) in the open market on October 24, 2022:

Buying: Rs 251.70 to the UK Pound Sterling

Selling: Rs 254.20 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 09:00 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.

Pakistani Rupee to UK Pound Sterling on October 23, 2022

————————————————-

Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. The given rates are opening for the day. 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.

October 24, 2022
Pakistani Rupee to UK Pound Sterling on October 24, 2022

KARACHI: Following are the rates of buying and selling of one UK Pound Sterling (GBP) in Pakistani Rupee (PKR) in the open market on October 24, 2022:

Buying: Rs 251.70 to the UK Pound Sterling

Selling: Rs 254.20 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 09:00 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.

Pakistani Rupee to UK Pound Sterling on October 23, 2022

————————————————-

Pakistani Rupee to UAE Dirham on October 24, 2022

KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on October 24, 2022:

Buying: Rs 62.00 to the UAE Dirham

Selling: Rs 62.62 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 09:00 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.

Pakistani Rupee to UAE Dirham on October 23, 2022

————————————————-

Pakistani Rupee to Canadian Dollar on October 24, 2022

KARACHI: Following are the rates of buying and selling of one Canadian Dollar (CAD) in Pakistani Rupee (PKR) in the open market on October 24, 2022:

Buying: Rs 163.00 to the Canadian Dollar

Selling: Rs 165.00 to the Canadian Dollar

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 09:00 AM Pakistan Standard Time (PST).

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

Pakistani Rupee to Canadian Dollar on October 23, 2022

————————————————-

Pakistani Rupee to US Dollar on October 24, 2022

KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on October 24, 2022:

Buying: Rs 222.70 to the US Dollar

Selling: Rs 224.90 to the US Dollar

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 09:00 AM Pakistan Standard Time (PST).

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

Pakistani Rupee to US Dollar on October 23, 2022

————————————————-

Pakistani Rupee to Saudi Riyal on October 24, 2022

KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on October 24, 2022:

Buying: Rs 59.10 to the Saudi Riyal

Selling: Rs 59.70 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 09:00 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.

Pakistani Rupee to Saudi Riyal on October 23, 2022

————————————————-

Pakistani Rupee to Euro on October 24, 2022

KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on October 24, 2022:

Buying: Rs 219.60 to the Euro

Selling: Rs 221.80 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 09:00 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.

Pakistani Rupee to Euro on October 23, 2022

————————————————-

Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. The given rates are opening for the day. 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.

October 24, 2022
Pakistani Rupee to Euro on October 24, 2022

KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on October 24, 2022:

Buying: Rs 219.60 to the Euro

Selling: Rs 221.80 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 09:00 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.

Pakistani Rupee to Euro on October 23, 2022

————————————————-

Pakistani Rupee to UK Pound Sterling on October 24, 2022

KARACHI: Following are the rates of buying and selling of one UK Pound Sterling (GBP) in Pakistani Rupee (PKR) in the open market on October 24, 2022:

Buying: Rs 251.70 to the UK Pound Sterling

Selling: Rs 254.20 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 09:00 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.

Pakistani Rupee to UK Pound Sterling on October 23, 2022

————————————————-

Pakistani Rupee to UAE Dirham on October 24, 2022

KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on October 24, 2022:

Buying: Rs 62.00 to the UAE Dirham

Selling: Rs 62.62 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 09:00 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.

Pakistani Rupee to UAE Dirham on October 23, 2022

————————————————-

Pakistani Rupee to Canadian Dollar on October 24, 2022

KARACHI: Following are the rates of buying and selling of one Canadian Dollar (CAD) in Pakistani Rupee (PKR) in the open market on October 24, 2022:

Buying: Rs 163.00 to the Canadian Dollar

Selling: Rs 165.00 to the Canadian Dollar

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 09:00 AM Pakistan Standard Time (PST).

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

Pakistani Rupee to Canadian Dollar on October 23, 2022

————————————————-

Pakistani Rupee to US Dollar on October 24, 2022

KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on October 24, 2022:

Buying: Rs 222.70 to the US Dollar

Selling: Rs 224.90 to the US Dollar

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 09:00 AM Pakistan Standard Time (PST).

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

Pakistani Rupee to US Dollar on October 23, 2022

————————————————-

Pakistani Rupee to Saudi Riyal on October 24, 2022

KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on October 24, 2022:

Buying: Rs 59.10 to the Saudi Riyal

Selling: Rs 59.70 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 09:00 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.

Pakistani Rupee to Saudi Riyal on October 23, 2022

————————————————-

Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. The given rates are opening for the day. 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.

October 24, 2022
Pakistani Rupee to Saudi Riyal on October 24, 2022

KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on October 24, 2022:

Buying: Rs 59.10 to the Saudi Riyal

Selling: Rs 59.70 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 09:00 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.

Pakistani Rupee to Saudi Riyal on October 23, 2022

————————————————-

Pakistani Rupee to Euro on October 24, 2022

KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on October 24, 2022:

Buying: Rs 219.60 to the Euro

Selling: Rs 221.80 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 09:00 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.

Pakistani Rupee to Euro on October 23, 2022

————————————————-

Pakistani Rupee to UK Pound Sterling on October 24, 2022

KARACHI: Following are the rates of buying and selling of one UK Pound Sterling (GBP) in Pakistani Rupee (PKR) in the open market on October 24, 2022:

Buying: Rs 251.70 to the UK Pound Sterling

Selling: Rs 254.20 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 09:00 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.

Pakistani Rupee to UK Pound Sterling on October 23, 2022

————————————————-

Pakistani Rupee to UAE Dirham on October 24, 2022

KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on October 24, 2022:

Buying: Rs 62.00 to the UAE Dirham

Selling: Rs 62.62 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 09:00 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.

Pakistani Rupee to UAE Dirham on October 23, 2022

————————————————-

Pakistani Rupee to Canadian Dollar on October 24, 2022

KARACHI: Following are the rates of buying and selling of one Canadian Dollar (CAD) in Pakistani Rupee (PKR) in the open market on October 24, 2022:

Buying: Rs 163.00 to the Canadian Dollar

Selling: Rs 165.00 to the Canadian Dollar

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 09:00 AM Pakistan Standard Time (PST).

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

Pakistani Rupee to Canadian Dollar on October 23, 2022

————————————————-

Pakistani Rupee to US Dollar on October 24, 2022

KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on October 24, 2022:

Buying: Rs 222.70 to the US Dollar

Selling: Rs 224.90 to the US Dollar

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 09:00 AM Pakistan Standard Time (PST).

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

Pakistani Rupee to US Dollar on October 23, 2022

————————————————-

Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. The given rates are opening for the day. 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.

October 24, 2022
Tax rates on goods, passenger transport vehicles during 2022-2023

Federal Board of Revenue (FBR) has issued rates of withholding tax on goods and passenger transport vehicles to be paid during the year 2022-2023.

The FBR updated withholding tax card 2022-2023 after incorporating amendments made through Finance Act, 2022 to the Income Tax Ordinance, 2001.

READ MORE: FBR notifies tax rates on brokerage, commission during 2022-2023

The tax authorities collect withholding tax on goods and passenger transport vehicles under Section 234 of the Income Tax Ordinance, 2001.

Following are withholding tax rates and text of Section 234 of the Ordinance:

WITHHOLDING TAX RATES:

——————————————————————

Withholding tax is Rs2.50 per kg of leden weight goods transport vehicles.

READ MORE: Non-ATL to pay 200% more tax on motor vehicle purchase during 2022-2023

Withholding tax is Rs1,200 per annum in case of vehicles above 8,120 kg of laden weight.

——————————————————————-

For passenger transport vehicle per seat:

4 or more persons but less than 10 persons, the tax rate is Rs200 per seat per annum in case of non-air conditioned and Rs375 in case of air conditioned.

10 or more persons but less than 20 person, the tax rate is Rs500 per seat per annum in case of non-air conditioned and Rs750 in case of air conditioned.

READ MORE: FBR notifies tax rates on prize bond, lottery winning during 2022-2023

20 persons or more, the tax rate is Rs1,000 per seat per annum in case of non-air conditioned and Rs1,500 in case air conditioned.

Federal Board of Revenue (FBR) has notified withholding tax rate on payment made for brokerage and commissioner during tax year 2022-2023.

——————————————————————-

Section 234: Tax on motor vehicles

(1) Any person at the time of collecting motor vehicle tax shall also collect advance tax at the rates specified in Division III of Part IV of the First Schedule.

(2) If the motor vehicle tax is collected in instalments or lump sum the advance tax may also be collected in instalments or lump sum in like manner.

READ MORE: Tax rates for rental income from immovable property during 2022-2023

(2A) In respect of motor cars used for more than ten years in Pakistan, no advance tax shall be collected after a period of ten years.

(3) In respect of a passenger transport vehicle with registered seating capacity of ten or more persons, advance tax shall not be collected after a period of ten years from the first day of July of the year of make of the vehicle.

(4) In respect of a goods transport vehicle with registered laden weight of 7 less than 8120 kilograms, advance tax shall not be collected after a period of ten years from the date of first registration of vehicle in Pakistan.

READ MORE: FBR notifies withholding tax rates for exports during 2022-2023

(5) Advance tax collected under this section shall be adjustable.

“(6) For the purpose of sub-sections (1) and (2) “motor vehicle” shall include the vehicles specified in sub-section (7) of section 231B.”

October 23, 2022
FBR notifies tax rates on brokerage, commission during 2022-2023

Federal Board of Revenue (FBR) has notified withholding tax rate on payment made for brokerage and commissioner during tax year 2022-2023.

The FBR issued updated withholding tax card for the year 2022-2023 after amendments made through Finance Act, 2022 to the Income Tax Ordinance, 2001.

READ MORE: Non-ATL to pay 200% more tax on motor vehicle purchase during 2022-2023

The withholding tax on payment to brokerage and commission made under Section 233 of Income Tax Ordinance, 2001.

Following are the withholding tax rates and the text of Section 233 of the Ordinance.

WITHHOLDING TAX RATES:

(1) The tax rate is 10 per cent for persons on the Active Taxpayers List (ATL) for advertising agents and the rate shall be increased to 20 per cent in case of persons not on the ATL.

READ MORE: FBR notifies tax rates on prize bond, lottery winning during 2022-2023

(2) The tax rate is 8 per cent for persons on the ATL for life insurance agents receiving less than Rs0.5 million per annum and the rate shall be increased to 16 per cent for persons not on the ATL.

(3) The tax rate is 12 per cent for persons on the ATL for persons not covered in (1) and (2) above and the tax rate shall be increased to 24 per cent for persons not on the ATL.

Section 233. Brokerage and commission

READ MORE: Tax rates for rental income from immovable property during 2022-2023

(1) Where any payment on account of brokerage or commission is made by the Federal Government, a Provincial Government, a Local Government, a company or an association of person or individual having turnover of hundred million rupees or more (hereinafter called the “principal”) to a person (hereinafter called the “agent”), the principal shall deduct advance tax at the rate specified in Division II of Part IV of the First Schedule from such payment.

(2) If the agent retains Commission or brokerage from any amount remitted by him to the principal, he shall be deemed to have been paid the commission or brokerage by the principal and the principal shall collect advance tax from the agent.

READ MORE: FBR notifies withholding tax rates for exports during 2022-2023

(2A) Notwithstanding the provisions of sub-section (1), where the principal is making payment on account of commission to an advertising agent, directly or through electronic or print media, the principal shall deduct tax (in addition to tax required to be deducted under clause (b) of sub-section (1) of section 153 on advertising services excluding commission), at the rate specified in Division II of Part IV of the First Schedule on the amount equal to-

A x 15 / 85

Where A = amount paid or to be paid to electronic or print media for advertising services (excluding commission) on which tax is deductible under clause (b) of sub-section (I) of section 153.

READ MORE: Tax rates on payments for goods, services during 2022-2023

(2B) Tax deducted under sub-section (2A) shall be minimum tax on the income of the advertising agent.

(3) Where any tax is required to be collected from a person under sub-section (1), such tax shall be the minimum tax on the income of such persons.

Explanation.— For the removal of doubt, it is explained that the income of person referred to in sub-sections (2B) and (3) means the amount on which tax is deductible under sub-sections (1) or (2A) of this section.

October 23, 2022

Non-ATL to pay 200% more tax on motor vehicle purchase during 2022-2023

Persons not on Active Taxpayers List (ATL) are required to pay 200 per cent more withholding tax for purchasing motor vehicles during 2022-2023.

Federal Board of Revenue (FBR) issued withholding tax card 2022-2023 after incorporating changes made through Finance Act, 2022 to the Income Tax Ordinance, 2001.

According to the withholding tax card 2022-2023, the tax authorities have increased burden on the persons not on the Active Taxpayers List (ATL).

Following are the withholding tax rate on purchase of motor vehicles or registration:

Sr. No.	Engine Capacity	ATL	Non-ATL
1.	Upto 850 CC	Rs10,000	Rs30,000
2.	851 CC to 1000 CC	Rs20,000	Rs60,000
3.	1001 CC to 1300 CC	Rs25,000	Rs75,000
4.	1301 CC to 1600 CC	Rs50,000	Rs150,000
5.	1601 CC to 1800 CC	Rs150,000	Rs450,000
6.	1801 CC to 2000 CC	Rs200,000	Rs600,000
7.	2001 CC to 2500 CC	Rs300,000	Rs900,000
8.	2501 CC to 3000 CC	Rs400,000	Rs1,200,000
9.	Above 3000 CC	Rs500,000	Rs1,500,000

Provided that in cases where engine capacity is not applicable and the value of vehicle is Rupees five million or more, the rate of tax collectible shall be 3 per cent of the import value as increased by customs duty, sales tax and federal excise duty in case of imported vehicles or invoice value in case of locally manufactured assembled vehicles.

Following are the withholding tax rates at the time of transfer of registration to be collected by provincial excise and taxation department.

Sr. No.	Engine Capacity	ATL	Non-ATL
1.	Upto 850 CC	Nil	Nil
2.	851 CC to 1000 CC	Rs5,000	Rs15,000
3.	1001 CC to 1300 CC	Rs7,500	Rs22,500
4.	1301 CC to 1600 CC	Rs12,500	Rs37,500
5.	1601 CC to 1800 CC	Rs18,750	Rs56,250
6.	1801 CC to 2000 CC	Rs25,000	Rs75,000
7.	2001 CC to 2500 CC	Rs37,500	Rs112,500
8.	2501 CC to 3000 CC	Rs50,000	Rs150,000
9.	Above 3000 CC	Rs62,500	Rs187,500

Provided that where the engine capacity is not applicable and value of rupee is five million or more, the rate of tax collectable shall be rupee twenty thousand.

Provided further that the rate of tax to be collected under this clause shall be reduced by ten per cent each year from the date of first registration in Pakistan.

Following the withholding tax rates to be collected by every motor vehicle registration authority of Excise and Taxation Department at the time of registration, if the locally manufactured motor vehicle has been sold prior to registration by the person who originally purchased it from the local manufacturer.

Sr. No.	Engine Capacity	ATL	Non-ATL
1.	Upto 1000 CC	Rs100,000	Rs300,000
2.	1001 CC to 2000 CC	Rs200,000	Rs600,000
3.	2001 CC and above	Rs400,000	Rs1,200,000

October 23, 2022

Foreign currency rates in PKR – October 23, 2022

KARACHI: Following are the open market exchange rates of foreign currencies in Pak Rupee (PKR) in Pakistan on October 23, 2022 (The rates are updated at 08:00 AM (Pakistan Standard Time):

CURRENCY NAME	BUYING	SELLING

US DOLLAR $ (USD)	222.70	224.90
SAUDI RIYAL (SAR)	59.10	59.70
UAE DIRHAM (AED)	62.00	62.62
EURO (EUR)	219.60	221.80
UK POUND (GBP)	251.70	254.20
JAPANESE YEN (JPY)	1.47	1.49
SWISS FRANC (CHF)	221.18	222.18
DANISH KRONE (DKK)	29.17	29.27
NORWEGIAN KRONE (NOK)	20.68	20.78
SWEDISH KRONA (SEK)	19.56	19.66
AUSTRALIAN DOLLAR (AUD)	142.00	144.00
CANADIAN DOLLAR (CAD)	163.00	165.00
INDIAN RUPEE (INR)	2.30	2.60
CHINESE YUAN (CNY)	30.00	32.00
AFGHAN AFGHANI (AFN)	2.00	2.50

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.

October 23, 2022

Pakistani Rupee to US Dollar on October 23, 2022

KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on October 23, 2022:

Buying: Rs 222.70 to the US Dollar

Selling: Rs 224.90 to the US Dollar

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 08:00 AM Pakistan Standard Time (PST).

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

Pakistani Rupee to US Dollar on October 22, 2022

————————————————-

Pakistani Rupee to Saudi Riyal on October 23, 2022

KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on October 23, 2022:

Buying: Rs 59.10 to the Saudi Riyal

Selling: Rs 59.70 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 08:00 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.

Pakistani Rupee to Saudi Riyal on October 22, 2022

————————————————-

Pakistani Rupee to Euro on October 23, 2022

KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on October 23, 2022:

Buying: Rs 219.60 to the Euro

Selling: Rs 221.80 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 08:00 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.

Pakistani Rupee to Euro on October 22, 2022

————————————————-

Pakistani Rupee to UK Pound Sterling on October 23, 2022

KARACHI: Following are the rates of buying and selling of one UK Pound Sterling (GBP) in Pakistani Rupee (PKR) in the open market on October 23, 2022:

Buying: Rs 251.70 to the UK Pound Sterling

Selling: Rs 254.20 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 08:00 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.

Pakistani Rupee to UK Pound Sterling on October 22, 2022

————————————————-

Pakistani Rupee to UAE Dirham on October 23, 2022

KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on October 23, 2022:

Buying: Rs 62.00 to the UAE Dirham

Selling: Rs 62.62 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 08:00 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.

Pakistani Rupee to UAE Dirham on October 22, 2022

————————————————-

Pakistani Rupee to Canadian Dollar on October 23, 2022

KARACHI: Following are the rates of buying and selling of one Canadian Dollar (CAD) in Pakistani Rupee (PKR) in the open market on October 23, 2022:

Buying: Rs 163.00 to the Canadian Dollar

Selling: Rs 165.00 to the Canadian Dollar

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 08:00 AM Pakistan Standard Time (PST).

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

Pakistani Rupee to Canadian Dollar on October 22, 2022

————————————————-

Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. The given rates are opening for the day. 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.

October 23, 2022
Pakistani Rupee to Canadian Dollar on October 23, 2022

KARACHI: Following are the rates of buying and selling of one Canadian Dollar (CAD) in Pakistani Rupee (PKR) in the open market on October 23, 2022:

Buying: Rs 163.00 to the Canadian Dollar

Selling: Rs 165.00 to the Canadian Dollar

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 08:00 AM Pakistan Standard Time (PST).

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

Pakistani Rupee to Canadian Dollar on October 22, 2022

————————————————-

Pakistani Rupee to US Dollar on October 23, 2022

KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on October 23, 2022:

Buying: Rs 222.70 to the US Dollar

Selling: Rs 224.90 to the US Dollar

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 08:00 AM Pakistan Standard Time (PST).

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

Pakistani Rupee to US Dollar on October 22, 2022

————————————————-

Pakistani Rupee to Saudi Riyal on October 23, 2022

KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on October 23, 2022:

Buying: Rs 59.10 to the Saudi Riyal

Selling: Rs 59.70 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 08:00 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.

Pakistani Rupee to Saudi Riyal on October 22, 2022

————————————————-

Pakistani Rupee to Euro on October 23, 2022

KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on October 23, 2022:

Buying: Rs 219.60 to the Euro

Selling: Rs 221.80 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 08:00 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.

Pakistani Rupee to Euro on October 22, 2022

————————————————-

Pakistani Rupee to UK Pound Sterling on October 23, 2022

KARACHI: Following are the rates of buying and selling of one UK Pound Sterling (GBP) in Pakistani Rupee (PKR) in the open market on October 23, 2022:

Buying: Rs 251.70 to the UK Pound Sterling

Selling: Rs 254.20 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 08:00 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.

Pakistani Rupee to UK Pound Sterling on October 22, 2022

————————————————-

Pakistani Rupee to UAE Dirham on October 23, 2022

KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on October 23, 2022:

Buying: Rs 62.00 to the UAE Dirham

Selling: Rs 62.62 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 08:00 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.

Pakistani Rupee to UAE Dirham on October 22, 2022

————————————————-

Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. The given rates are opening for the day. 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.

October 23, 2022