215. Furnishing of returns, documents etc. —(1) Where, by virtue of an order under section 210, the Commissioner has delegated to any an officer of Inland Revenue the function and power to receive, or to call for and receive, any returns of income, certificates, documents, accounts and statements from any person the person shall furnish such returns, certificates, documents, accounts and statements to that officer of Inland Revenue and, when furnished, shall be treated as having been furnished to the Commissioner.
(2) where a person is allowed, under any provision of this Ordinance, to make an application to the Commissioner and the Commissioner has delegated to any officer of Inland Revenue the function or power to receive the application, such application, when made, shall be treated as having been made to the Commissioner.
(Disclaimer: The text of the above section is only for information. Team PkRevenue.com makes all efforts to provide the correct version of the text. However, the team PkRevenue.com is not responsible for any error or omission.)
KARACHI: Following are the exchange rates of foreign currencies in Pak Rupee (PKR) on September 28, 2021 (The rates are updated at 09:29AM):
Currency
Buying
Selling
Australian Dollar
122.50
124.50
Bahrain Dinar
386.60
388.36
Canadian Dollar
135.50
137.50
China Yuan
23.70
23.85
Danish Krone
23.40
23.70
Euro
198
200
Hong Kong Dollar
16.60
16.85
Indian Rupee
2.03
2.10
Japanese Yen
1.41
1.44
Kuwaiti Dinar
481.50
484
Malaysian Ringgit
36.40
36.75
NewZealand $
96.25
96.95
Norwegians Krone
17.45
17.70
Omani Riyal
392.50
394.50
Qatari Riyal
39.70
40.30
Saudi Riyal
45.50
46
Singapore Dollar
123
124.50
Swedish Korona
18.10
18.350
Swiss Franc
159.60
160.50
Thai Bhat
4.80
4.90
U.A.E Dirham
47
47.50
UK Pound Sterling
233
235.50
US Dollar
170.5
171.50
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.
Pakistan Tax Bar Association (PTBA) has urged the tax authorities to extend date for filing annual tax returns and updating business bank accounts till December 31, 2021 from September 30, 2021.
The FBR announced transfers and postings of following IRS officers:
01. Ms. Hina Akram (Inland Revenue Service/BS-20) has been transferred and posted as Director, Directorate of Internal Audit (Inland Revenue), Karachi from the post of Commissioner, (Zone-I) Regional Tax Office I, Karachi.
02. Adnan Inamullah Khan (Inland Revenue Service/BS-20) is current posted as Chief Coordinator, Chief Coordinator Computer Wing (IR), Islamabad. The officer is assigned additional charge of the post of Director, Northern Region, Directorate of Internal Audit(IR), Islamabad in addition to his own duties, as per Rules.
03. Atif Ali (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue (Zone-I) Regional Tax Office, Quetta from the post of Commissioner, (Zone-II) Regional Tax Office, Quetta. The officer is also assigned additional charge of the post of CIR (Zone-II) RTO, Quetta, in addition to his own duties, as per Rules.
04. Hazoor Bux Laghari (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue (IP/TFD/HRM) Regional Tax Office, Hyderabad / Commissioner (IP/TFD/HRM), Regional Tax Office, Hyderabad post/ Commissioner, (Zone-I) Regional Tax Office, Quetta.
05. Muhammad Abid (Inland Revenue Service/BS-20) on return from NMC has been posted as Chief, (IR-Operations) Federal Board of Revenue (Hq), Islamabad/Chief (IR-Formations), FBR (Hq), Islamabad.
06. Muhammad Abu Bakar Siddique (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue (WHT) Regional Tax Office, GujranwalaCommissioner-IR (WHT Zone), RTO, Gujranwala, relieving Muhammad Naveed Akhtar (IRS/BS-20) of his additional charge from the post of Chief, (CSTRO) Federal Board of Revenue (Hq), Islamabad.
07. Muhammad Ali (Inland Revenue Service/BS-20) has been transferred and posted as Chief, (Admin Pool) Federal Board of Revenue (Hq), IslamabadChief (Admn Pool), FBR (Hq), Islamabad from the post of Chief, (IR-Formations) Federal Board of Revenue (Hq), Islamabad.
08. Zia Agro (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue (Audit-II) Medium Taxpayers office, Karachi Commissioner-IR (Audit-II), Medium Taxpayers Office, Karachi from the post of Commissioner, (Legal) Large Taxpayers Office, Karachi.
09. Irfan Ali (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue (Legal) Large Taxpayers Office, Karachi from the post of Commissioner, (Audit-II) Medium Taxpayers office, Karachi.
10. Najeeb Qadir (Cost Accountant/BS-20) has been transferred and posted as Chief, (IT Wing) Federal Board of Revenue (Hq), Islamabad from the post of Chief (Cost Accounting), (Audit & Accounting) Federal Board of Revenue (Hq), Islamabad.
11. Abdul Hameed Abro (Inland Revenue Service/BS-19) has been transferred and posted as Commissioner Inland Revenue (OPS) (Zone-I) Regional Tax Office I, Karachi from the post of Director (OPS), (OPS) Directorate of Internal Audit (Inland Revenue), Karachi.
12. Ziaullah Khan (Inland Revenue Service/BS-19) has been transferred and posted as Chief, (OPS) (Legal-I) Federal Board of Revenue (Hq), Islamabad from the post of Director, (OPS) (Northern Region) Directorate of Internal Audit (Inland Revenue), Islamabad.
13. Shaukat Hayat (Inland Revenue Service/BS-19) has been transferred and posted as Commissioner Inland Revenue (OPS) (WHT) Regional Tax Office, Peshawar from the post of Additional Commissioner, Regional Tax Office, Peshawar.
14. Ms. Maryam Habib (Inland Revenue Service/BS-19) has been transferred and posted as Commissioner Inland Revenue (OPS) (Legal) Corporate Tax Office, Karachi from the post of Additional Commissioner, Corporate Tax Office, Karachi.
The FBR said that the officers who are drawing performance allowance prior to issuance of this notification shall continue to draw this allowance on the new place of posting.
Analysts at Arif Habib Limited said that market posted gains of 163 points earlier in the session, but faced the onslaught sooner which caused the erosion of these gains and netting a loss of 732 points during the session.
Leveraged positions mostly got thrashing, however, resumption of PKR slippage was another reason cited for the panic selling in market.
Volumes remained thin compared with the activity in recent times, where ample volumes were witnessed in blue chips.
Fertilizer, E&P, O&GMCs, Cement stocks saw quick paced buying by the end of session that helped the index pull back. Among scrips, UNITY topped the volumes with 34.4 million shares, followed by WTL (32.6 million) and BYCO (31.9 million).
Sectors contributing to the performance include Banks (-101 points), Refeinery (-34 points), Paper and Board (-25 points), Inv Banks (-23 points) and Pharma (-20 points).
Volumes declined from 369.5 million shares to 301.4 million shares (-19 per cent DoD). Average traded value also declined by 5 per cent to reach US$ 65.9 million as against US$ 69.5 million.
Stocks that contributed significantly to the volumes include UNITY, WTL, BYCO, HUMNL and BAFL, which formed 40 per cent of total volumes.
Stocks that contributed positively to the index include SYS (+50 points), FFC (+18 points), MTL (+8 points), KTML (+7 points) and EPCL (+7 points). Stocks that contributed negatively include TRG (-51 points), HBL (-51 points), MEBL (-29 points), UBL (-18 points) and PSO (-16 points).
KARACHI: Following are the exchange rates of foreign currencies in Pak Rupee (PKR) on September 27, 2021 (The rates are updated at 11:12AM):
Currency
Buying
Selling
Australian Dollar
122.00
124.00
Bahrain Dinar
386.60
388.36
Canadian Dollar
135.00
137.00
China Yuan
23.70
23.85
Danish Krone
23.40
23.70
Euro
199.00
200.50
Hong Kong Dollar
16.60
16.85
Indian Rupee
2.03
2.10
Japanese Yen
1.41
1.44
Kuwaiti Dinar
481.50
484.00
Malaysian Ringgit
36.40
36.75
NewZealand $
96.25
96.95
Norwegians Krone
17.45
17.70
Omani Riyal
392.50
394.50
Qatari Riyal
39.70
40.30
Saudi Riyal
45.50
46.00
Singapore Dollar
123.50
125.00
Swedish Korona
18.10
18.35
Swiss Franc
159.60
160.50
Thai Bhat
4.80
4.90
U.A.E Dirham
47.20
47.70
UK Pound Sterling
234.00
236.50
US Dollar
170.60
171.60
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.
The Federal Board of Revenue (FBR) has been granted enhanced authority to initiate prosecution proceedings under Section 201 of the Income Tax Ordinance, 2001.
KARACHI: Following are the exchange rates of foreign currencies in Pak Rupee (PKR) on September 25, 2021 (The rates are updated at 11:06AM):
Currency
Buying
Selling
Australian Dollar
122.50
124.50
Bahrain Dinar
386.60
388.36
Canadian Dollar
134.50
136.50
China Yuan
23.70
23.85
Danish Krone
23.40
23.70
Euro
199.50
201.00
Hong Kong Dollar
16.60
16.85
Indian Rupee
2.03
2.10
Japanese Yen
1.41
1.44
Kuwaiti Dinar
481.50
484.00
Malaysian Ringgit
36.40
36.75
NewZealand $
96.25
96.95
Norwegians Krone
17.45
17.70
Omani Riyal
392.50
394.50
Qatari Riyal
39.70
40.30
Saudi Riyal
45.50
46.00
Singapore Dollar
124.00
125.50
Swedish Korona
18.10
18.35
Swiss Franc
159.60
160.50
Thai Bhat
4.80
4.90
U.A.E Dirham
47.00
47.50
UK Pound Sterling
233.00
235.50
US Dollar
170.40
171.40
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.
The State Bank of Pakistan (SBP) on Friday said that the decision had been made by the Board members of the corporation in their meeting held on September 06, 2021.
This enhanced guarantee amount now provides full protection up to 95 per cent of the eligible depositors.
The main objective of the deposit protection scheme is to safeguard depositors’ interests and further enhance their trust in the country’s banking sector.
The deposit protection facility is applicable to all eligible depositors and does not require any further subscription or registration of depositors.
The guarantee amount or protected deposit becomes payable to eligible depositors only if the State Bank of Pakistan declares a bank as a failed bank and is not payable under any other circumstances.
