Pkrevenue.com

Author: Hamza Shahnawaz

  • Pakistani Rupee to Canadian Dollar on August 27, 2022

    Pakistani Rupee to Canadian Dollar on August 27, 2022

    KARACHI: Following are the rates of buying and selling of one Canadian Dollar (CAD) in Pakistani Rupee (PKR) in the open market on August 27, 2022:

    Buying: Rs 175.50 to the Canadian Dollar

    Selling: Rs 177.50 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 August 26, 2022

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    Pakistani Rupee to US Dollar on August 27, 2022

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on August 27, 2022:

    Buying: Rs 227.50 to the US Dollar

    Selling: Rs 229.50 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 August 26, 2022

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    Pakistani Rupee to UAE Dirham on August 27, 2022

    KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on August 27, 2022:

    Buying: Rs 63.50 to the UAE Dirham

    Selling: Rs 64.50 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 August 26, 2022

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    Pakistani Rupee to UK Pound Sterling on August 27, 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 August 27, 2022:

    Buying: Rs 270.00 to the UK Pound Sterling

    Selling: Rs 273.00 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 August 26, 2022

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    Pakistani Rupee to Euro on August 27, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on August 27, 2022:

    Buying: Rs 228.00 to the Euro

    Selling: Rs 230.50 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 August 26, 2022

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    Pakistani Rupee to Saudi Riyal on August 27, 2022

    KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on August 27, 2022:

    Buying: Rs 60.60 to the Saudi Riyal

    Selling: Rs 61.20 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 August 26, 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.

  • Pakistani Rupee to UAE Dirham on August 27, 2022

    Pakistani Rupee to UAE Dirham on August 27, 2022

    KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on August 27, 2022:

    Buying: Rs 63.50 to the UAE Dirham

    Selling: Rs 64.50 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 August 26, 2022

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    Pakistani Rupee to Canadian Dollar on August 27, 2022

    KARACHI: Following are the rates of buying and selling of one Canadian Dollar (CAD) in Pakistani Rupee (PKR) in the open market on August 27, 2022:

    Buying: Rs 175.50 to the Canadian Dollar

    Selling: Rs 177.50 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 August 26, 2022

    ————————————————-

    Pakistani Rupee to US Dollar on August 27, 2022

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on August 27, 2022:

    Buying: Rs 227.50 to the US Dollar

    Selling: Rs 229.50 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 August 26, 2022

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    Pakistani Rupee to UK Pound Sterling on August 27, 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 August 27, 2022:

    Buying: Rs 270.00 to the UK Pound Sterling

    Selling: Rs 273.00 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 August 26, 2022

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    Pakistani Rupee to Euro on August 27, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on August 27, 2022:

    Buying: Rs 228.00 to the Euro

    Selling: Rs 230.50 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 August 26, 2022

    ————————————————-

    Pakistani Rupee to Saudi Riyal on August 27, 2022

    KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on August 27, 2022:

    Buying: Rs 60.60 to the Saudi Riyal

    Selling: Rs 61.20 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 August 26, 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.

  • Pakistani Rupee to UK Pound Sterling on August 27, 2022

    Pakistani Rupee to UK Pound Sterling on August 27, 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 August 27, 2022:

    Buying: Rs 270.00 to the UK Pound Sterling

    Selling: Rs 273.00 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 August 26, 2022

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    Pakistani Rupee to UAE Dirham on August 27, 2022

    KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on August 27, 2022:

    Buying: Rs 63.50 to the UAE Dirham

    Selling: Rs 64.50 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 August 26, 2022

    ————————————————-

    Pakistani Rupee to Canadian Dollar on August 27, 2022

    KARACHI: Following are the rates of buying and selling of one Canadian Dollar (CAD) in Pakistani Rupee (PKR) in the open market on August 27, 2022:

    Buying: Rs 175.50 to the Canadian Dollar

    Selling: Rs 177.50 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 August 26, 2022

    ————————————————-

    Pakistani Rupee to US Dollar on August 27, 2022

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on August 27, 2022:

    Buying: Rs 227.50 to the US Dollar

    Selling: Rs 229.50 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 August 26, 2022

    ————————————————-

    Pakistani Rupee to Euro on August 27, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on August 27, 2022:

    Buying: Rs 228.00 to the Euro

    Selling: Rs 230.50 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 August 26, 2022

    ————————————————-

    Pakistani Rupee to Saudi Riyal on August 27, 2022

    KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on August 27, 2022:

    Buying: Rs 60.60 to the Saudi Riyal

    Selling: Rs 61.20 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 August 26, 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.

  • Pakistani Rupee to Euro on August 27, 2022

    Pakistani Rupee to Euro on August 27, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on August 27, 2022:

    Buying: Rs 228.00 to the Euro

    Selling: Rs 230.50 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 August 26, 2022

    ————————————————-

    Pakistani Rupee to UK Pound Sterling on August 27, 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 August 27, 2022:

    Buying: Rs 270.00 to the UK Pound Sterling

    Selling: Rs 273.00 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 August 26, 2022

    ————————————————-

    Pakistani Rupee to UAE Dirham on August 27, 2022

    KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on August 27, 2022:

    Buying: Rs 63.50 to the UAE Dirham

    Selling: Rs 64.50 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 August 26, 2022

    ————————————————-

    Pakistani Rupee to Canadian Dollar on August 27, 2022

    KARACHI: Following are the rates of buying and selling of one Canadian Dollar (CAD) in Pakistani Rupee (PKR) in the open market on August 27, 2022:

    Buying: Rs 175.50 to the Canadian Dollar

    Selling: Rs 177.50 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 August 26, 2022

    ————————————————-

    Pakistani Rupee to US Dollar on August 27, 2022

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on August 27, 2022:

    Buying: Rs 227.50 to the US Dollar

    Selling: Rs 229.50 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 August 26, 2022

    ————————————————-

    Pakistani Rupee to Saudi Riyal on August 27, 2022

    KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on August 27, 2022:

    Buying: Rs 60.60 to the Saudi Riyal

    Selling: Rs 61.20 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 August 26, 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.

  • Pakistani Rupee to Saudi Riyal on August 27, 2022

    Pakistani Rupee to Saudi Riyal on August 27, 2022

    KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on August 27, 2022:

    Buying: Rs 60.60 to the Saudi Riyal

    Selling: Rs 61.20 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 August 26, 2022

    ————————————————-

    Pakistani Rupee to Euro on August 27, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on August 27, 2022:

    Buying: Rs 228.00 to the Euro

    Selling: Rs 230.50 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 August 26, 2022

    ————————————————-

    Pakistani Rupee to UK Pound Sterling on August 27, 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 August 27, 2022:

    Buying: Rs 270.00 to the UK Pound Sterling

    Selling: Rs 273.00 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 August 26, 2022

    ————————————————-

    Pakistani Rupee to UAE Dirham on August 27, 2022

    KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on August 27, 2022:

    Buying: Rs 63.50 to the UAE Dirham

    Selling: Rs 64.50 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 August 26, 2022

    ————————————————-

    Pakistani Rupee to Canadian Dollar on August 27, 2022

    KARACHI: Following are the rates of buying and selling of one Canadian Dollar (CAD) in Pakistani Rupee (PKR) in the open market on August 27, 2022:

    Buying: Rs 175.50 to the Canadian Dollar

    Selling: Rs 177.50 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 August 26, 2022

    ————————————————-

    Pakistani Rupee to US Dollar on August 27, 2022

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on August 27, 2022:

    Buying: Rs 227.50 to the US Dollar

    Selling: Rs 229.50 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 August 26, 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.

  • FBR issues paper return form for tax year 2022

    FBR issues paper return form for tax year 2022

    ISLAMABAD: The Federal Board of Revenue (FBR) on Friday issued a draft paper return form for tax year 2022, which will be filed by individuals other than salaried persons.

    The FBR issued SRO 1612(I)/2022 to issue the draft individual paper return for tax year 2022.

    According to the SRO, the draft return form has been issued for objections and suggestions from the stakeholders. “Objections and suggestions may be considered by the FBR that are sent within seven days of publication of the draft in the official gazette,” it added.

    READ MORE: FBR sets up new section for dealing disciplinary cases

    According to the draft for individual paper return for tax year 2022 will be filed by individuals, deriving income under any head other than salary or business.

    It is pertinent to mention that the FBR issued the online return form on July 01, 2022 to allow the taxpayers a statutory time period of three months for filing income tax return. The last date for filing income tax return for tax year 2022 is September 30, 2022. By this last date persons including salaried and business individuals, association of persons (AOPs) and corporate taxpayers having special accounting year are required to file the annual return.

    READ MORE: FBR increases customs valuation for Afghan coal by 69%

    The FBR issued the draft paper return for individuals for filing return for tax year 2022 will give shorter time to the taxpayers falling under this segment.

    As per the draft paper return, a taxpayer will require to file wealth statement along with the annual return. The wealth statement requires information regarding precious possession, household effect, cash etc.

    READ MORE: Pakistan Customs foils attempt to clear banned items

    It also requires persons to declare assets in other name, total assets inside Pakistan and assets held outside Pakistan.

  • FBR sets up new section for dealing disciplinary cases

    FBR sets up new section for dealing disciplinary cases

    ISLAMABAD: The Federal Board of Revenue (FBR) on Friday set up a new section for dealing with disciplinary cases of tax officials.

    The FBR in an official memo said that in order to ensure proper follow up of all disciplinary cases/Inquiries of Officers (BS-16 and above) of FBR (Hqrs) and IR field formations with a view to ensure timely disposal of such cases, a new Section with the nomenclature of “Discipline/Inquiries” has been created in Admn/HR Wing, FBR (HQ), Islamabad with immediate effect.

    READ MORE: FBR increases customs valuation for Afghan coal by 69%

    The mentioned Section shall be headed by a Secretary/Second Secretary, who shall report to the Chief (HRM-IR), FBR.

    The establishment of the new section is a continuation of the initiatives of the federal government for early disposal of disciplinary cases against the tax officials.

    The FBR on August 16, 2022 issued directives of the Prime Minister and circulated the same to the field formation for the compliance.

    READ MORE: Pakistan Customs foils attempt to clear banned items

    According to the instructions, the FBR chairman advised that as per the directions of the Prime Minister of Pakistan, the Revenue Division / FBR shall strictly comply with the following instructions in all disciplinary proceedings and inquiries initiated against the officer(s)/official(s):-

    The appointed Inquiry Officer shall conduct the inquiry proceedings in accordance with the provisions contained in Rule 10 read with Rule 12 of the Civil Servants (Efficiency & Discipline) Rules, 2020. The same shall be completed within sixty (60) days from the date of issuance of the Inquiry Order or within such extended period which the Authority may allow.

    READ MORE: FBR imposes major penalty on Customs appraising officer

    For ensuring safe custody of record in an inquiry, all Heads of field offices (Directors General / Chief Commissioners / Chief Collectors / Commissioners / Collectors, etc.) of FBR shall retain the relevant case record in safe custody while forwarding the recommendation to initiate disciplinary proceedings against any officer(s)/official(s).

    All Heads of field offices will also ensure that relevant record of the case and other related documents are timely provided to the Inquiry Officer or the Inquiry Committee, as the case may be, through the designated Departmental Representative (DR) within seven days from the date of Inquiry Order or within such an extended period which Authority may allow in accordance with the provisions contained in Rule 8 of the Civil Servants (Efficiency & Discipline) Rules, 2020.

    READ MORE: Commodities’ illegal movement to be treated as smuggling

    Any officer of IRS or PCS (as the case may be) who is given record of the case under intimation to the Board shall be designated as Departmental Representative (DR) who shall perform functions mentioned in Rule 15 of the Civil Servants (Efficiency & Discipline) Rules, 2020.

    After receipt of reply to the Show Cause Notice from the accused or in case where no reply is received and affording an opportunity of personal hearing to the accused, the designated Authority notified vide Board’s Notification No. 2788-1R-II/2020 dated 05.01.2021 (copy enclosed) shall decide the case within a period of thirty days as per Civil Servants (Efficiency & Discipline) Rules, 2020.

    The directions contained in Board’s Circular entitled “Incentive and Punitive Regime for the Inquiry Officers/Authorized Officers/Authority” circulated vide letter No. 7(6)S.HRM.IR-1/2021/E-dox#186726-R dated 08.11.2021 (copy enclosed) may be complied with in letter and spirit.

  • Profit taking hammers Pakistan stocks to fall by 441 points

    Profit taking hammers Pakistan stocks to fall by 441 points

    KARACHI: Pakistan stocks lost 441 points on Friday as the profit taking hammered the benchmark index to close in red zone.

    The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended down to 42,591 points from the previous day’s close of 43,032 points, showing a decline of 441 points.

    READ MORE: Pakistan stocks dip 305 points in dull trading

    Analysts at Arif Habib Limited said that the PSX witnessed a negative session due to the last day of rollover week as investors opted for profit-taking.

    The first session consisted of dull activity despite opening in the green zone. However, in the second session investors opted for profit taking which hammered the index to close in the red zone.

    READ MORE: Pakistan stocks end flat to 43,338 points

    Main board volumes stayed dry. On the contrary, hefty volumes were observed in the 3rd tier stocks.

    The Index closed at 42,591.51 points, down by 441.06 points (-1.02 per cent DoD). Sectors contributing to the performance include Banks (-85.5 points), Technology (-64.0 points), OMC’s (-61.1 points), E&P (-48.3 points) and Cement (-37.7 points).

    READ MORE: Pakistan stocks gain 540 points on unchanged policy rate

    Volumes increased from 208.1 million shares to 265.8 million shares (+27.7 per cent DoD). Average traded value also increased by 16.1 per cent to reach US$ 40.9 million as against US$ 35.3 million.

    Stocks that contributed significantly to the volumes are KEL, PRL, PAEL, CNERGY and HASCOL.

    READ MORE: Pakistan equities fall by 444 points on political noise

  • Sony hikes PlayStation 5 prices on high inflation

    Sony hikes PlayStation 5 prices on high inflation

    JAPAN: Sony Interactive Entertainment has decided to increase prices of PlayStation 5 due to global economic environment and high inflation rates.

    The company on Thursday August 25, 2022 made this difficult decision to increase the recommended retail price (RRP) of PlayStation 5 in select markets across Europe, Middle East, and Africa (EMEA), Asia-Pacific (APAC), Latin America (LATAM), as well as Canada. However, the prices will remain same as previous in the market of the United States.

    The new RRPs below are effective immediately unless otherwise noted.

    Europe

    • PS5 with Ultra HD Blu-ray disc drive – €549.99

    • PS5 Digital Edition – €449.99

    United Kingdom

    • PS5 with Ultra HD Blu-ray disc drive – £479.99

    • PS5 Digital Edition – £389.99

    Japan (effective Sept. 15, 2022)

    • PS5 with Ultra HD Blu-ray disc drive – ¥60,478 yen (including tax)

    • PS5 Digital Edition – ¥49,478 yen (including tax)

    China

    • PS5 with Ultra HD Blu-ray disc drive – ¥4,299 yuan

    • PS5 Digital Edition – ¥3,499 yuan

    Australia

    • PS5 with Ultra HD Blu-ray disc drive – AUD $799.95

    • PS5 Digital Edition – AUD $649.95

    Mexico

    • PS5 with Ultra HD Blu-ray disc drive – MXN $14,999

    • PS5 Digital Edition – MXN $12,499

    Canada

    • PS5 with Ultra HD Blu-ray disc drive – CAD $649.99

    • PS5 Digital Edition – CAD $519.99

  • Retro models of Hyundai to be seen in Netflix movie

    Retro models of Hyundai to be seen in Netflix movie

    SEOUL: A new movie ‘Seoul Vibe’ of Netflix is featuring retro models of Hyundai motors.

    Set during the 1988 Seoul Olympics, ‘Seoul Vibe’ features Hyundai’s first-generation Grandeur (Azera), Pony Pickup, Porter light truck, and old sedans, such as second-generation Sonata, Stellar, and Cortina, etc.

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    Plus, an all-star Korean cast, including Ah-in Yoo, Kyung-pyo Go, Kyoo-hyung Lee, Ju-hyun Park, Seong-wu Ong and Jung-se Oh is leading the dynamic flow of the story. Hyundai Motor also provided a shooting location at Hyundai Wonhyoro Service Center. 

    This fast-paced movie is revved up with breath-taking driving scenes of Hyundai retro models, including a modified Pony Pickup with the engine from Grandeur (Azera), used by a crew of talented drivers as they join a slush fund investigation operation.

    A white-colored first-generation Grandeur is also featured in the movie, symbolizing its pioneering status as the Korea’s flagship premium model. These two retro models, which gained huge popularity back in the 1980s, combine the beauty of retro and new, and act as a bridge between generations. 

    READ MORE: Toyota launches new redesigned Sienta minivan

    In addition, Hyundai plans to unveil the silhouette of the all-new Grandeur (Azera) in photographs, through a cinematic digital advertisement in a spin-off version of ‘Seoul Vibe,’ utilizing the story and cast of the movie.

    The digital advertisement spotlights the ever-evolving innovation of Grandeur, from the past to the future, and provides hidden hints about the upcoming model that is expected to launch at the end of this year. The advertisement will be available through major digital channels such as YouTube and Instagram.

    “Through close collaboration with Netflix from the early stages of production, we endeavored to provide a unique atmosphere for our historic vehicles and locations with a newtro (new+retro) vibe that will appeal to every generation, including Millennial and Gen Z audiences,” said Thomas Schemera, Executive Vice President, Global Chief Marketing Officer and Head of Customer Experience Division at Hyundai Motor Company. 

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    He further said “We will continue to explore exhilarating opportunities for our customers to experience and engage with our brand through various partnerships and innovative content.”  

    With the film’s release, Hyundai Motor is also launching diverse experiential marketing content on digital channels, targeting millennial and Gen Z consumers and spotlighting the hipness of the brand’s retro models featured in the movie.

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    To this end, Hyundai Motor also recreated the garage shown in the film on ZEPETO, the global metaverse platform, to provide a virtual experience space where visitors can assemble and drive the vehicles featured in the movie through the driving zone themed ‘Seoul Vibe.’ Plus, users will be able to meet Yoon-hee (Ju-hyun Park), a character in the movie, as a NPC (non-player character), and join a vlog event, using the first-generation Grandeur.