Pkrevenue.com

Author: Hamza Shahnawaz

  • Pak Rupee to Euro on August 7, 2021

    Pak Rupee to Euro on August 7, 2021

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on August 7, 2021:

    Buying: Rs 192 to the Euro

    Selling: Rs 194 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.

  • Pak Rupee to UK Pound on August 7, 2021

    Pak Rupee to UK Pound on August 7, 2021

    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 7, 2021:

    Buying: Rs 224 to the UK Pound Sterling

    Selling: Rs 227 to the UK Pound Sterling

    We update rates hourly so we can offer you the best GBP to PKR.

    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.

  • Pak Rupee to US Dollar on August 7, 2021

    Pak Rupee to US Dollar on August 7, 2021

    KARACHI: The Pakistani rupee continues to experience fluctuations against the US dollar as market dynamics shape the exchange rate.

    (more…)
  • List of items for sales tax on retail printed prices

    List of items for sales tax on retail printed prices

    The Federal Board of Revenue (FBR) has updated the list of items on which the sales tax will be collected on the basis of printed retail price.

    The sales tax at the rate of 17 per cent on the retail printed price shall be applicable for tax year 2021/2022.

    The items are included in the Third Schedule of Sales Tax Act, 1990 which is updated by the FBR up to June 30, 2021.

    Following is the list of items:

    Fruit juices and vegetable juices at harmonized system (HS) Code 20.09

    Ice Cream with HS Code 2105.0000

    Aerated waters or beverages with HS Code 22.01 and 20.02

    Syrups and squashes with respective headings

    Cigarettes with HS Code 2402.2000

    Toilet soap with HS Code 3401.1100 and 3401.2000

    Detergents with HS Code 3402.2000

    Shampoo with HS Code 3305.1000

    Toothpaste with HS Code 3306.1010

    Shaving cream with HS Code 3307.1000

    Perfumery and cosmetics with HS Code in respective sub-headings of 33.03 and 33.04

    Tea with HS code of respective sub-headings of 09.02

    Powder drinks with HS Code of 21.06

    Milky drinks with HS Code of 2106.9090

    Toilet paper and tissue paper with HS Code 4818.1000 and 4818.2000

    Spices sold in retail packing bearing brand names and trade marks with HS codes 09.04, 09.06, 09.08 and 09.10

    Shoe polish and shoe cream with HS Code 3405.1010

    Fertilizers with HS Code of respective heading

    Cement sold in retail packing with HS Code of respective heading

    Mineral/bottled water with HS Code of respective headings

    Household electrical goods, including air conditioners, refrigerators, deep freezers, televisions, recorders and players, electric bulbs, tube-lights, electric fans, electric irons, washing machines and telephone sets with HS Code of respective headings

    Household gas appliances, including cooking range, ovens, geysers and gas heater with HS code of respective headings

    Foam or spring mattresses and other foam products for household use with HS code of respective headings

    Paints, distempers, enamels, pigments, colors, varnishes, gums, resins, dyes, glazes, thinners, blacks, cellulose lacquers and polishes sold in retail packing with HS codes of respective headings

    Lubricating oils, brake fluids, transmission fluid, and other vehicular fluids sold in retail packing with HS codes of respective headings

    Storage batteries excluding those sold to automotive manufacturers or assemblers with HS code of respective headings

    Tyres and tubes excluding those sold to automotive manufacturers or assemblers with HS code of respective headings

    Motorcycles with HS code of respective headings

    Auto rickshaws with HS code of respective headings

    Biscuits in retail packing with brand name with HS code of respective headings

    Tiles with HS code of respective Headings

    Auto-parts, in retail packing, excluding those sold to automotive manufacturers or assemblers with HS code in respective Headings

    Sugar except where it is supplied as an industrial raw material to pharmaceutical, beverage and confectionery industries with HS code of respective heading.

    Note: the implementation of sales tax on retail price on supply of sugar has been deferred by the FBR till November 30, 2021 through SRO 989(I)/2021 dated August 5, 2021.

  • Tax treatment of losses under group relief

    Tax treatment of losses under group relief

    The Federal Board of Revenue (FBR) has issued an updated version of the Income Tax Ordinance, 2001 to explain tax treatment of losses under group relief.

    (more…)
  • Group taxation under income tax

    Group taxation under income tax

    ISLAMABAD: In a bid to streamline tax treatment for holding companies and subsidiary companies within a 100% owned group, Section 59AA of the Income Tax Ordinance, 2001 has been explained by the Federal Board of Revenue (FBR).

    (more…)
  • Pak Rupee to Saudi Riyal on August 6, 2021

    Pak Rupee to Saudi Riyal on August 6, 2021

    KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on August 6, 2021:

    Buying: Rs 44.00 to the Saudi Riyal

    Selling: Rs 44.50 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.

  • Pak Rupee to UAE Dirham on August 6, 2021

    Pak Rupee to UAE Dirham on August 6, 2021

    KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on August 6, 2021:

    Buying: Rs 43.00 to the UAE Dirham

    Selling: Rs 43.50 to the UAE Dirham

    We update rates hourly so we can offer you the best AED to PKR.

    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.

  • Pak Rupee to Euro on August 6, 2021

    Pak Rupee to Euro on August 6, 2021

    KARACHI, August 6, 2021 -The currency exchange dynamics in Karachi saw the Euro exhibiting varied rates against the Pakistani Rupee (PKR) today. As per the latest reports from the open market, the buying rate for one Euro stood at Rs 191.50, while the selling rate was recorded at Rs 193.50.

    (more…)
  • Pak Rupee to UK Pound on August 6, 2021

    Pak Rupee to UK Pound on August 6, 2021

    On August 6, 2021, currency exchange houses in Karachi offered the following rates for buying and selling GBP: • Buying: PKR 224.50 per GBP (This is the rate you would receive when selling your GBP for PKR)

    (more…)