Special provisions related to builders and developers have been introduced by the Federal Board of Revenue (FBR).
(more…)Author: Hamza Shahnawaz
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Pak Rupee to Saudi Riyal on August 26, 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 26, 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 26, 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 26, 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 26, 2021
KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on August 26, 2021:
Buying: Rs 193 to the Euro
Selling: Rs 195 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 August 26, 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 26, 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 26, 2021
KARACHI, August 26, 2021 – The exchange rate of the Pakistani Rupee (PKR) against the US Dollar (USD) experienced fluctuations today in the open market.
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Foreign exchange rates on August 26, 2021
KARACHI: Following are the exchange rates of foreign currencies in Pak Rupee (PKR) on August 26, 2021:
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State Bank launches house acquisition scheme for NRPs
KARACHI: The State Bank of Pakistan (SBP) on Wednesday said it is launching new housing scheme for Non-Resident Pakistanis (NRPs).
The central bank said that it will launch Roshan Apna Ghar this week for non-resident Pakistanis for acquisition of property in Pakistan.
Non-resident Pakistanis can now purchase or obtain financing for a house in Pakistan through Roshan Digital Account.
Roshan Digital Account is a major initiative of State Bank of Pakistan, launched on 10th September, 2020, in collaboration with commercial banks operating in Pakistan.
These accounts provide innovative banking solutions for millions of NRPs seeking to undertake banking, payment and investment activities in Pakistan.
Under the initiative, several financial products have been provided to the Overseas Pakistanis including Naya Pakistan Certificate for investment, Roshan Apni Car for car financing and Roshan Samaaji Khidmat for donation to charities.
Roshan Apna Ghar is the new lifestyle banking product in the same category. Non-resident Pakistanis can now easily buy or obtain financing with the comfort of sitting in their houses abroad without the need to visit a bank branch.
They can buy or finance a house from bank’s pre-approved projects or any other property. The tax regime is simple and final. In case of sale of property, the principal amount invested can be remitted abroad without needing any permission.
The profit rates are attractive. Financing is available in both conventional and Shariah compliant version.
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KSE-100 index sheds 193 points on selling pressure
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) fell by 193 points on Wednesday on selling pressure witnessed during the day.
The index closed at 47,636 points as against previous day’s closing of 47,829 points, showing a decline of 193 points.
Analysts at Arif Habib Limited said that the market saw continued selling pressure which was partly due to ongoing roll-over activity and partly the profit booking in cement, fertilizer, technology and Oil & Gas chain.
O&GMCs sector faced selling pressure in PSO, which persisted since yesterday when the company disclosed its financial results to the dismay of investors.
Activity remained lackluster and the index lost a total of 211 points after recording a gain of 88 points. The index closed -193 points.
Among engineering sector stocks, ISL declared a hefty dividend besides significant earnings, with the stock contributing to high traded value and an uptick. Among scrips, WTL topped the volumes with 38 million shares, followed by ANL (33.3 million) and GGL (22 million).
Sectors contributing to the performance include Cement (-67 points), Misc (-35 points), Technology (-26 points), O&GMCs (-23 points) and E&P (-17 points).
Volumes slightly declined from 394.9 million shares to 384.6 million shares (-3 per cent DoD). Average traded value also declined by 16 per cent to reach US$ 69.2 million as against US$ 82.2 million.
Stocks that contributed significantly to the volumes include WTL, ANL, GGL, FNEL and KOSM, which formed 32 per cent of total volumes.
Stocks that contributed positively to the index include MCB (+11 points), ISL (+7 points), FFC (+7 points), MTL (+5 points) and BAFL (+5 points). Stocks that contributed negatively include PSEL (-35 points), LUCK (-21 points), TRG (-15 points), DGKC (-15 points) and MLCF (-13 points).
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Allowing tax credit for charitable organization
Section 100C of Income Tax Ordinance, 2001 has allowed tax credit to charitable organizations. The Federal Board of Revenue (FBR) issued the updated Income Tax Ordinance, 2001. The Ordinance incorporated amendments brought through Finance Act, 2021.
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