KARACHI, September 10, 2021 – The exchange rates between the UAE Dirham (AED) and the Pakistani Rupee (PKR) remained steady in the open market on September 10, 2021, with the buying rate at Rs 46.00 and the selling rate at Rs 46.50.
(more…)Author: Hamza Shahnawaz
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Pak Rupee to Euro on September 10, 2021
KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on September 10, 2021:
Buying: Rs 197 to the Euro
Selling: Rs 199 to the Euro
We update rates hourly so we can offer you the best EUR to PKR.
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.
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Pak Rupee to UK Pound on September 10, 2021
KARACHI, September 10, 2021 – The exchange rates between the UK Pound Sterling (GBP) and the Pakistani Rupee (PKR) stood firm in the open market September 10, 2021, with the buying rate at Rs 230.50 and the selling rate at Rs 232.50.
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Pak Rupee to US Dollar on September 10, 2021
KARACHI – The open market exchange rates for the United States Dollar (USD) against the Pakistani Rupee (PKR) were reported on September 10, 2021.
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Foreign exchange rates on September 10, 2021
KARACHI: Following are the exchange rates of foreign currencies in Pak Rupee (PKR) on September 10, 2021:
01. US Dollar to PKR >>1 USD= Rs 169
02. UK Pound Sterling to PKR >> 1 GBP= Rs 232.50
03. Euro to PKR >> 1 EUR= Rs 199
04. UAE Dirham to PKR >> 1 AED= Rs 46.50
05. Saudi Riyal to PKR >> 1 SAR= Rs 45
06. Australian Dollar to PKR >> 1 AUD= Rs 124.20
07. Bahrain Dinar to PKR >> 1 BHD= Rs 388.80
08. Canadian Dollar to PKR >> 1 CAD= Rs 135
09. Chinese Yuan to PKR >> 1 CNY= Rs 23.80
10. Danish Krone to PKR >> 1 DKK= Rs 23.65
11. Hong Kong Dollar to PKR >> 1 HKD= Rs 16.80
12. Indian Rupee to PKR >> 1 INR= Rs 2.10
13. Japanese Yen to PKR >> 1 JPY= Rs 1.44
14. Kuwaiti Dinar to PKR >> 1 KWD= Rs 484.40
15. Malaysian Ringgit to PKR >> 1 MYR= Rs 37
16. New Zealand Dollar to PKR >> 1 NZD= Rs 97.05
17. Norwegians Krone to PKR >> 1 NOK= Rs 17.75
18. Omani Riyal to PKR >> 1 OMR= Rs 394.70
19. Qatari Riyal to PKR >> 1 QAR= Rs 40.20
20. Singapore Dollar to PKR >> 1 SGD= Rs 124.20
21. Swedish Korona to PKR >> 1 SEK= Rs 18.25
22. Swiss Franc to PKR >> 1 CHF= Rs 160.40
23. Thai Bhat to PKR >> 1 THB= Rs 4.90
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.
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Pakistan’s forex reserves ease to $27.103 billion
KARACHI: The liquid foreign exchange of Pakistan has come down by $125 million to $27.103 billion by the week ended September 03, 2021, State Bank of Pakistan (SBP) said on Thursday.
The foreign exchange reserves of the country were at $27.228 billion by the week ended August 27, 2021, the SBP added.
The official reserves of the SBP also fell by $123 million to $20.023 billion by the week ended September 03, 2021. The official reserves of the central bank slipped from record high of $20.146 billion a week ago.
The SBP attributed the decline in its foreign exchange reserves to external debt payments.
The foreign exchange reserves held by commercial banks slightly fell to $7.08 billion by the week ended September 03, 2021 as compared with $7.082 billion a week ago.
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Income tax on rental immoveable property
Section 155 of Income Tax Ordinance, 2001 explains income tax on rental immoveable property. The Federal Board of Revenue (FBR) issued the Income Tax Ordinance, 2001 updated up to June 30, 2021.
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Track, trace system to roll out from November 01: FBR
ISLAMABAD: Dr. Muhammad Ashfaq Ahmed, Chairman, Federal Board of Revenue (FBR) on Thursday said that track and trace system will be rolled out from November 01, 2021.
According to a statement, FBR Chairman Dr. Muhammad Ashfaq Ahmed appreciated the performance of Inland Revenue Enforcement Network (IREN) staff.
The chairman said that from November 1, 2021, Track and Trace System would be rolled out to cover tobacco manufacturing across the country, and that the AJK Government had approached the Federal Board of Revenue to extend the scope of Track & Track System to cigarette manufacturing units located inside AJK territory.
It is expected that over the next few months’ implementation of Track & Trace System and its extension into AJK, coupled with IREN’s valiant drive would help overcome the menace of counterfeit, illicit and non-tax paid cigarettes in the market.
IREN Squads of FBR, in a counter-evasion operation, has seized non duty / tax paid cigarettes (approximately 14,798,000 sticks) worth Rs. 30,741,100, resulting in detection of evasion of taxes and duties of Rs. 26,184,100 in the month of August, 2021.
Likewise, during the period from July to August, 2021, IREN had seized 26,030,500 illegal cigarettes worth Rs. 48,537,140. As such evasion of taxes and duties worth of Rs. 44,786,258 was detected. This action is in pursuance to directions of the honorable Prime Minister of Pakistan against illicit sale of non-duty/tax-paid and counterfeit cigarettes.
IREN was established in September 2019 with a Chief Coordinator, Central Field Coordinator, and seven regional enforcement hubs all across Pakistan, tasked to conduct raids and seizures on the counterfeit and non-duty paid cigarettes.
As a part of ongoing crackdown against illicit cigarette trade country-wide, all IREN hubs intensified their operation against businesses dealing in non-duty paid and counterfeit cigarettes to save the national exchequer from revenue loss.
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Stock market gains 228 points after making adjustment
KARACHI: The stock market gained 228 points on Thursday after a downward adjustment witnessed yesterday.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 46,625 points as against previous day’s closing of 46,397 points.
Analysts at Arif Habib Limited said that the market moved up today after downward adjustment witnessed yesterday in the outcome of MSCI reclassification of Pakistan from Emerging market to Frontier market.
Technology, Cement, O&GMCs, Fertilizer sector stocks performed well. Steel and Refinery sectors remained laggard today.
Octopus Digital scored high on the first day of its IPO, where the target quantity was met in the first 24 mins after opening of bidding session, whereas the total bid size against issue size of 27.35 million shares crossed 6x on the first day.
This helped AVN hit upper circuit, which is the parent company of Octopus digital. Among scrips, GGL traded the most with 56.6 million shares, followed by TELE (41.1 million) and WTL (20.3 million).
Sectors contributing to the performance include Technology (+58 points), Banks (+49 points), Misc (+38 points), Fertilizer (+36 points), and E&P (+31 points).
Volumes declined from 477.8 million shares to 396.4 million shares (-17 per cent DoD). Average traded value however, increased by USD 98.6 million as against USD 87.6 million.
Stocks that contributed significantly to the volumes include GGL, TELE, WTL, TPL and SERFR, which formed 38 per cent of total volumes.
Stocks that contributed positively to the index include PSEL (+43 points), TRG (+34 points), MEBL (+32 points), SYS (+28 points) and ENGRO (+24 points). Stocks that contributed negatively include LUCK (-42 points), HBL (-18 points), PAKT (-8 points), CHCC (-7 points) and PSX (-5 points).
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Pak Rupee to Saudi Riyal on September 9, 2021
KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on September 9, 2021:
Buying: Rs 44.30 to the Saudi Riyal
Selling: Rs 44.80 to the Saudi Riyal
We update rates hourly so we can offer you the best SAR to PKR.
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.