Author: Hamza Shahnawaz

  • FBR announces promotion of BS-16 Customs officers

    FBR announces promotion of BS-16 Customs officers

    ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday announced promotion of BS-16 officers of Collectorate of Customs Enforcement, Karachi to the post of Superintendent Preventive Service (BS-16) with immediate effect and until further orders.

    READ MORE: No promotion of IRS officers without asset declaration

    The following officers are promoted:

    1. Athar Ali Jumani, Senior Preventive Officer

    2. Ms. Tanveer Zehra, Senior Preventive Officer

    3. Syed Muhammad Saleem Aziz, Senior Preventive Officer

    READ MORE: FBR issues instructions for promotions to higher ranks

    4. Muhammad Ali Memon, Senior Preventive Officer

    5. Muhammad Naeem Khan, Senior Preventive Officer

    6. Muhammad Hassan, Senior Preventive Officer

    7. Muhammad Younas Sabir, Senior Preventive Officer

    8. Muhammad Abdul Khaliq, Senior Preventive Officer

    READ MORE: FBR notifies transfer, posting of BS-19 IRS officers

    The FBR said that the promotion will take effect from the date of their joining, subject to the condition that no disciplinary proceedings/enquiry is pending against them.

    They will be on probation for a period of one year, extendable for further period, not exceeding one year, provided that if no order is issued by the day following the termination of probationary period, the appointment shall deem to be held until further order.

    The officers already drawing Performance Allowance equal to 100 per cent of basic pay will continue to draw it on their promotion.

    READ MORE: FBR transfers Sardar Khwaja as Member Audit

  • Today’s currency exchange rates in PKR – Feb 17, 2022

    Today’s currency exchange rates in PKR – Feb 17, 2022

    KARACHI: Following are the open market exchange rates of foreign currencies in Pak Rupee (PKR) in Pakistan on February 17, 2022 (The rates are updated at 11:51 AM (Pakistan Standard Time):

    CurrencyBuyingSelling
    Australian Dollar (AUD)122.50124.00
     Bahrain Dinar (BHD)386.50388.50
     Canadian Dollar (CAD)138.00140.00
     China Yuan (CNY)23.5523.95
     Danish Krone (DNK)23.6023.90
     Euro (EUR)198.50200.50
     Hong Kong Dollar (HKD)16.9517.20
     Indian Rupee (INR)2.032.10
     Japanese Yen (JPY)1.411.44
     Kuwaiti Dinar (KWD)481.85484.35
     Malaysian Ringgit (MYR)36.7037.05
     NewZealand $ (NZD)96.7597.45
     Norwegians Krone (NOK)17.5017.75
     Omani Riyal (OMR)392.85394.88
     Qatari Riyal (QAR)39.9540.55
     Saudi Riyal (SAR)46.5547.00
     Singapore Dollar (SGD)127.50129.00
     Swedish Korona (SEK)18.7018.95
     Swiss Franc (CHF)160.25161.15
     Thai Bhat (THB)4.804.90
     U.A.E Dirham (AED)48.5049.10
     UK Pound Sterling (GBP)238.50241.00
     US Dollar (USD)176.50177.90

    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.

  • Exchange rates: PKR to USD on February 17, 2022

    Exchange rates: PKR to USD on February 17, 2022

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on February 17, 2022:

    Buying: Rs 176.50 to the US Dollar

    Selling: Rs 177.90 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 11:40 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.

  • Exchange rates: PKR to AED on February 17, 2022

    Exchange rates: PKR to AED on February 17, 2022

    KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on February 17, 2022:

    Buying: Rs 48.50 to the UAE Dirham

    Selling: Rs 49.10 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 11:35 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.

  • Exchange rates: PKR to GBP on February 17, 2022

    Exchange rates: PKR to GBP on February 17, 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 February 17, 2022:

    Buying: Rs 238.50 to the UK Pound Sterling

    Selling: Rs 241.00 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 11:29 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.

  • Exchange rates: PKR to EUR on February 17, 2022

    Exchange rates: PKR to EUR on February 17, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on February 17, 2022:

    Buying: Rs 198.50 to the Euro

    Selling: Rs 200.50 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 11:25 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.

  • Exchange rates: PKR to SAR on February 17, 2022

    Exchange rates: PKR to SAR on February 17, 2022

    KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on February 17, 2022:

    Buying: Rs 46.55 to the Saudi Riyal

    Selling: Rs 47.00 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 11:20 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.

  • NKATI urges PM Imran to reduce petroleum prices

    NKATI urges PM Imran to reduce petroleum prices

    Faisal Moiz Khan, the President of the North Karachi Association of Trade & Industry (NKATI), has expressed deep concerns regarding the recent surge in domestic petroleum prices.

    (more…)
  • SBP enhances agriculture credit limits

    SBP enhances agriculture credit limits

    KARACHI: The State Bank of Pakistan (SBP) on Wednesday enhanced the indicative credit limits for agriculture financing by banks to farmers to align the amount of financing with agriculture input requirements.

    READ MORE: SBP imposes Rs1.45 billion penalty on 18 banks in 2021

    The enhanced indicative credit limits for production and development loans of farm and non-farm sector will directly benefit agriculture borrowers, who will now be able to obtain more credit from banks and in turn enhance agriculture productivity through adequate use of inputs.

    READ MORE: SBP allows banks remitting visa fee

    This will also enable banks to align the loan amounts with the actual requirements of farmers and resultantly enhance flow of agriculture credit.

    It is important to note that the indicative credit limits serve as a guideline for banks to assess the credit requirements of agriculture borrowers while sanctioning credit limits. Banks may, however, make adjustments on the basis of prevailing market conditions, local prices of inputs, and repayment capacity of borrowers.

    READ MORE: UBL gets Due Diligence approval to acquire Telenor Microfinance Bank

    The revised indicative credit limits will also facilitate provincial planning departments in estimating the total financial and credit requirements of respective provinces/regions for farm and non-farm sectors.

    READ MORE: SBP welcomes Pakistanis in KSA for RDA support

  • Today’s currency exchange rates in PKR – Feb 16, 2022

    Today’s currency exchange rates in PKR – Feb 16, 2022

    KARACHI: The latest currency exchange rates for major foreign currencies against the Pakistani Rupee (PKR) were updated at 11:15 AM Pakistan Standard Time (PST) on February 16, 2022. These rates reflect the buying and selling values of various currencies in the open market and serve as a benchmark for traders, travelers, and financial institutions.

    (more…)