Pkrevenue.com

Author: Hamza Shahnawaz

  • Pakistani Rupee to Saudi Riyal on July 06, 2022

    Pakistani Rupee to Saudi Riyal on July 06, 2022

    KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on July 06, 2022:

    Buying: Rs 54.00 to the Saudi Riyal

    Selling: Rs 54.80 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 09:55 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.

    READ MORE: Pakistani Rupee to Saudi Riyal on July 05, 2022

  • Significant changes to sales tax laws through Finance Act 2022

    Significant changes to sales tax laws through Finance Act 2022

    KARACHI: Significant changes have been made to sales tax laws through Finance Act, 2022 and that are applicable from July 01, 2022.

    PwC A.F. Ferguson & Co interpreted the changes made to Sales Tax Act, 1990 through the Finance Act, 2022, which are as follow:

    READ MORE: Key changes to income tax laws through Finance Act 2022

    1. The requirement of CNIC / NTN for the purposes of invoices issued to unregistered persons and restriction of input tax attributed to such supplies retained to the extent of supplies to unregistered distributors.

    2. Sales tax regime of pharma sector revamped with 1 per cent final sales tax on manufacturers and importers without any input adjustment.

    3. The rate of fixed tax on other than Tier-1 retailers shall be increased by 100 per cent if the said retailers are not appearing on the Active Taxpayer List.

    4. Fertilizers exempted from sales tax.

    READ MORE: Non-ATL retailers to pay double amount of fixed tax

    5. Value of supply not to include the amount of subsidy provided by the Federal Government or Provincial Government to the electricity consumer.

    6. Through the Bill, ‘locally produced coal’ was proposed to be taxed at 17 per cent which has not been approved in the Act. It has now been subject to sales tax at higher of 17 per cent ad valorem or Rs 700 per metric tonne.

    7. The proposed increase in sales tax rate from 5 per cent to 10 per cent for following has not been approved in the Act.

    READ MORE: Tampering PSW data to attract 4-year jail sentence

    — natural gas

    — Phosphoric acid

    8. Electric vehicle in CBU condition of 50 kwh battery or below is now subject to sales tax at 12.5 per cent.

    9. Electric vehicle transport buses of 25 seats or more in CBU condition are now subject to sales tax at 1 per cent.

    10. Changes proposed in the rate of sales tax on different categories of mobile / satellite phones have not been approved in the Act.

    11. Online marketplace is now required to withhold sales tax at 1 per cent (instead of 2 per cent).

    READ MORE: NA approves levy on petroleum products up to Rs50/liter

  • Foreign currency rates in Pak Rupee – July 05, 2022

    Foreign currency rates in Pak Rupee – July 05, 2022

    KARACHI: Following are the open market exchange rates of foreign currencies in Pak Rupee (PKR) in Pakistan on July 05, 2022 (The rates are updated at 10:21 AM (Pakistan Standard Time):

    CurrencyBuyingSelling
    Australian Dollar (AUD)139.48140.73
     Bahrain Dinar (BHD)543.30547.80
     Canadian Dollar (CAD)158.57159.92
     China Yuan (CNY)30.4930.74
     Danish Krone (DNK)28.6328.98
     Euro (EUR)211.00213.00
     Hong Kong Dollar (HKD)26.0426.39
     Indian Rupee (INR)2.592.67
     Japanese Yen (JPY)1.381.42
     Kuwaiti Dinar (KWD)663.47668.47
     Malaysian Ringgit (MYR)46.3346.78
     NewZealand $ (NZD)125.76126.96
     Norwegians Krone (NOK)20.4920.79
     Omani Riyal (OMR)531.29535.79
     Qatari Riyal (QAR)56.1256.62
     Saudi Riyal (SAR)53.2054.00
     Singapore Dollar (SGD)146.31147.61
     Swedish Korona (SEK)19.7720.07
     Swiss Franc (CHF)213.01214.76
     Thai Bhat (THB)5.946.04
     U.A.E Dirham (AED)55.0055.85
     UK Pound Sterling (GBP)244.50247.50
     US Dollar (USD)203.90205.90

    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.

    READ MORE: Foreign currency rates in Pak Rupee – July 04, 2022

  • Pakistani Rupee to US Dollar on July 05, 2022

    Pakistani Rupee to US Dollar on July 05, 2022

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on June 05, 2022:

    Buying: Rs 203.90 to the US Dollar

    Selling: Rs 205.90 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 10:12 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.

    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.

    READ MORE: Pakistani Rupee to US Dollar on July 04, 2022

  • Pakistani Rupee to UAE Dirham on July 05, 2022

    Pakistani Rupee to UAE Dirham on July 05, 2022

    KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on July 05, 2022:

    Buying: Rs 55.00 to the UAE Dirham

    Selling: Rs 55.85 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 10:08 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.

    READ MORE: Pakistani Rupee to UAE Dirham on July 04, 2022

  • Pakistani Rupee to UK Pound Sterling on July 05, 2022

    Pakistani Rupee to UK Pound Sterling on July 05, 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 July 05, 2022:

    Buying: Rs 244.50 to the UK Pound Sterling

    Selling: Rs 247.50 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 10:06 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.

    READ MORE: Pakistani Rupee to UK Pound Sterling on July 04, 2022

  • Pakistani Rupee to Euro on July 05, 2022

    Pakistani Rupee to Euro on July 05, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on July 05, 2022:

    Buying: Rs 211.00 to the Euro

    Selling: Rs 213.00 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 10:02 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.

    READ MORE: Pakistani Rupee to Euro on July 04, 2022

  • Pakistani Rupee to Saudi Riyal on July 05, 2022

    Pakistani Rupee to Saudi Riyal on July 05, 2022

    KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on July 05, 2022:

    Buying: Rs 53.20 to the Saudi Riyal

    Selling: Rs 54.00 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 10:00 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.

    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.

    READ MORE: Pakistani Rupee to Saudi Riyal on July 04, 2022

  • KCCI demands release of stuck up containers

    KCCI demands release of stuck up containers

    Karachi Chamber of Commerce and Industry (KCCI) on Monday demanded the government of releasing containers imported goods that were banned through SRO 598(I)/2022.

    (more…)
  • Pakistan stocks fall on policy rate hike expectations

    Pakistan stocks fall on policy rate hike expectations

    KARACHI: Pakistan stocks fell by 282 points on Monday owing to concerns over hike in policy rate in the next monetary policy committee meeting.

    The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) declined to 41,348 points from last Friday’s closing of 41,638 points, showing a decline of 282 points.

    READ MORE: Weekly Review: stocks to stay positive on improved forex reserves

    Analysts at Arif Habib Limited said that the market stayed under pressure throughout the day due to concerns over mounting inflation and expected rate hike in the upcoming monetary policy.

    “The benchmark KSE-100 index opened in the green zone but soon witnessed profit-taking,” they said.

    READ MORE: Pakistan stocks up 89 points in lackluster trading

    Volumes remained dry in the main board although decent volumes were witnessed in the 3rd tier stocks.

    Sectors contributing to the performance include Fertilizer (-72.6 points), Cement (-60.8 points), E&P (-33.2 points), Automobile Assembler (-18.9 points) and Pharmaceuticals (-12.9 points).

    READ MORE: Pakistan stocks up 243 points on positive sentiments

    Volumes decreased from 154.0 million shares to 86.6 million shares (-43.8 per cent DoD). Average traded value also decreased by 24.4 per cent to reach US$ 14.9 million as against US$ 19.7 million.

    Stocks that contributed significantly to the volumes are SNGP, AGL, PRL, MLCF and WTL.

    READ MORE: Pakistan stocks shed 468 points as banking shares fall