Section 106 of Income Tax Ordinance, 2001 explained the tax treatment on income of a foreign controlled resident company.
(more…)Author: Hamza Shahnawaz
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Pak Rupee to Saudi Riyal on August 28, 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 28, 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.
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Pak Rupee to UAE Dirham on August 28, 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 28, 2021:
Buying: Rs 45.00 to the UAE Dirham
Selling: Rs 45.50 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.
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Pak Rupee to Euro on August 28, 2021
KARACHI: The buying and selling rates for one Euro (EUR) in exchange for the Pakistani Rupee (PKR) in the open market were updated on August 28, 2021. According to the latest figures, the buying rate for one Euro stood at Rs 193, while the selling rate was Rs 195.
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Pak Rupee to UK Pound on August 28, 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 28, 2021:
Buying: Rs 226 to the UK Pound Sterling
Selling: Rs 229 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.
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Pak Rupee to US Dollar on August 28, 2021
Karachi, August 28, 2021 – The open market in Pakistan witnessed fluctuating exchange rates for the US Dollar to Pakistani Rupee (USD/PKR) August 28, 2021, with buying rates starting at Rs 165.70 and selling rates at Rs 166.60.
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Foreign exchange rates on August 28, 2021
KARACHI: Following are the exchange rates of foreign currencies in Pak Rupee (PKR) on August 28, 2021:
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Pakistan Customs seizes arms from Afghan vehicle
Pakistan Customs has successfully seized a cache of arms and ammunition from an Afghan registered import vehicle at Torkham station, as announced by the Federal Board of Revenue (FBR) on Friday.
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Tax rates on usage of phone, internet for 2021-2022
The Federal Board of Revenue (FBR) has announced the updated rates of withholding tax on the usage of telephone and internet services for the fiscal year 2021-2022.
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FBR notifies major reshuffle of IRS officers
ISLAMABAD: The Federal Board of Revenue (FBR) on Friday notified a major reshuffle in the top bureaucracy of BS-20 and BS-21 officers in Inland Revenue Service (IRS).
The FBR in a notification said that all officers being transferred and posted shall relinquish/assume their charges in accordance with this notification with effect from September 01, 2021:-
Following IRS officers of BS-20-21 are transferred:
01. Nazir Ahmad Shoro (Inland Revenue Service/BS-21) has been transferred and posted as Member, Federal Board of Revenue (Hq), stationed at Karachi from the post of Chief Commissioner, Regional Tax Office I, Karachi.
02. Dr. Ashfaq Ahmad Tunio (Inland Revenue Service/BS-21) has been transferred and posted as Member, (IT) Federal Board of Revenue (Hq), Islamabad from the post of Director General, Directorate General of Internal Audit (Inland Revenue), Islamabad.
03. Syed Maroof Gilani (Inland Revenue Service/BS-21) has been transferred and posted as Member, Federal Board of Revenue (Hq), stationed at Karachi from the post of Chief Commissioner, Regional Tax Office, Bahawalpur.
04. Amir Ali Khan Talpur (Inland Revenue Service/BS-21) has been transferred and posted as Director General, Directorate General of Intelligence & Investigation (Inland Revenue), Islamabad from the post of Chief Commissioner, Regional Tax Office II, Karachi.
05. Qaiser Iqbal (Inland Revenue Service/BS-21) has been transferred and posted as Member, (IR-Operations) FederalBoard of Revenue (Hq),Islamabad. (He will also hold theadditional charge of the post ofDirector General International TaxOperations as per Rules. He has been transferred from the post of Chief Commissioner, LargeTaxpayers Office, Lahore.
06. Dr.Lubna Ayub (Inland Revenue Service/BS-21) has been transferred and posted as Member, (Special Initiatives), stationed at Karachi from the post of Chief Commissioner, Regional Tax Office, Quetta.
07. Muhammad Naseer Butt (Inland Revenue Service/BS-21) has been transferred and posted as Member, (Admn/HR) FederalBoard of Revenue (Hq), Islamabad from the post of Chief Commissioner, LargeTaxpayers Office, Islamabad.
8 Mr. Sajidullah Siddiqui (Inland Revenue Service/BS-21) has been transferred and posted as Director General, (Retail) Federal Board of Revenue (Hq), Islamabad from the post of Member, (IT) Federal Board of Revenue (Hq), Islamabad.
09. Tariq Mustafa Khan (Inland Revenue Service/BS-21) has been transferred and posted as Chief Commissioner Inland Revenue Regional Tax Office I, Karachi from the post of Chief Commissioner, Regional Tax Office, Gujranwala.
10. Sardar Ali Khawaja (Inland Revenue Service/BS-21) has been transferred and posted as Member, (Accounting) Federal Board of Revenue (Hq), Islamabad from the post of Chief Commissioner, Regional Tax Office, Peshawar.
11. Ahmad Shuja Khan (Inland Revenue Service/BS-21) has been transferred and posted as Chief Commissioner Inland Revenue Large Taxpayers Office, Lahore from the post of Chief Commissioner, Regional Tax Office, Lahore
12. Bakhtiar Muhammad (Inland Revenue Service/BS-21) has been transferred and posted as Director General, DirectorateGeneral of Internal Audit (InlandRevenue), Islamabad from the post of Member, (Admin/HR) Federal Board of Revenue (Hq), Islamabad.
13. Malik Amjad Zubair Tiwana (Inland Revenue Service/BS-21) has been transferred and posted as Chief Commissioner Inland Revenue Large Taxpayers Office, Islamabad from the post of Chief Commissioner, Corporate Tax Office, Islamabad.
14. Karamatullah Khan Chaudhry (Inland Revenue Service/BS-21) has been transferred and posted as Chief Commissioner Inland Revenue Regional Tax Office, Gujranwala from the post of Director General, Directorate General of Intelligence & Investigation (Inland Revenue), Islamabad.
15. Hyder Ali Dharejo (Inland Revenue Service/BS-20) has been transferred and posted as Chief Commissioner Inland Revenue (OPS) Regional Tax Office II, Karachi from the post of Chief Commissioner, Regional Tax Office, Sukkur.
16. Afaque Ahmed Qureshi (Inland Revenue Service/BS-20) has been transferred and posted as Member, (OPS) (IR-Policy) Federal Board of Revenue (Hq), Islamabad from the post of Chief Commissioner, (OPS) Regional Tax Office, Abbottabad.
17. Sajid Nazir Malik (Inland Revenue Service/BS-20) has been transferred and posted as Chief Commissioner Inland Revenue (OPS) Regional Tax Office, Abbottabad from the post of Commissioner-IR, Commissioner Inland revenue (Appeals-IV), Karachi.
18. Dr. Muhammad Sarmad Qureshi (Inland Revenue Service/BS-20) has been transferred and posted as Chief Commissioner Inland Revenue (OPS) Regional Tax Office, Bahawalpur from the post of Commissioner, (Legal) Large Taxpayers Office, Lahore.
19. Ms. Tehmina Aamer (Inland Revenue Service/BS-20) has been transferred and posted as Director General, (OPS) Directorate General of Broadening of Tax Base, Islamabad. (The officer shall also hold additional charge of the post of Chief (FATE), FBR (Hq), as per Rules. The officer has been transferred from the post of Chief, (FATE Wing) Federal Board of Revenue (Hq), Islamabad.
20. Qasim Raza Khan (Inland Revenue Service/BS-20) has been transferred and posted as Chief Commissioner Inland Revenue (OPS) Corporate Tax Office, Islamabad from the post of Chief, (Legal-III) Federal Board of Revenue (Hq), Islamabad.
21 Mr. Shahid Mehmood Sheikh (Inland Revenue Service/BS-20) has been transferred and posted as Chief Commissioner Inland Revenue (OPS) Regional Tax Office, Quetta from the post of Regional Tax Office II, Karachi.
22. Mohammad Farooq Azam Memon (Inland Revenue Service/BS-20) has been transferred and posted as Chief Commissioner Inland Revenue (OPS) Regional Tax Office, Sukkur from the post of Commissioner, Commissioner Inland Revenue (Appeals-II), Karachi.
23. Nasir Iqbal (Inland Revenue Service/BS-20) has been transferred and posted as Chief Commissioner InlandRevenue (OPS) Regional TaxOffice, Lahore has been transferred and posted as Commissioner, (Enforcement) Large Taxpayers Office, Islamabad.
24. Khurshid Ahmad Khan Marwat (Inland Revenue Service/BS-20) has been transferred and posted as Chief Commissioner Inland Revenue (OPS) Regional Tax Office, Peshawar from the post of Chief, (Admin Pool) Federal Board of Revenue (Hq), Islamabad.
The FBR said that the officers, who are drawing a performance allowance prior to issuance of the notification, shall continue to draw this allowance on the new place of posting.