Following is the complete sections of the Income Tax Ordinance, 2001 updated up to June 30, 2001 after incorporating changes brought through Finance Act, 2001.
(more…)Author: Hamza Shahnawaz
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Pak Rupee to Saudi Riyal on August 22, 2021
Karachi, August 22, 2021: The exchange rates of the Saudi Riyal (SAR) against the Pakistani Rupee (PKR) witnessed fluctuations in the open market today, with buying and selling rates reflecting the dynamic nature of currency trading.
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Pak Rupee to UAE Dirham on August 22, 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 22, 2021:
Buying: Rs 44.50 to the UAE Dirham
Selling: Rs 45.00 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 22, 2021
KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on August 22, 2021:
Buying: Rs 190.60 to the Euro
Selling: Rs 192.60 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 22, 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 22, 2021:
Buying: Rs 222.55 to the UK Pound Sterling
Selling: Rs 225.05 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 22, 2021
KARACHI, August 22, 2021 – The exchange rate between the US Dollar (USD) and the Pakistani Rupee (PKR) remained stable in the open market on August 22, 2021, with the buying rate at Rs 163.85 and the selling rate at Rs 164.85.
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Foreign exchange rates on August 22, 2021
KARACHI: Following are the exchange rates of foreign currencies in Pak Rupee (PKR) on August 22, 2021:
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Computing profit, gains of banking companies
In a bid to ensure clarity and precision in the taxation of banking companies, Section 100A of the Income Tax Ordinance, 2001 has been introduced, providing special provisions related to banking business.
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IPS, Inovatian-Asia sign MoU for capacity building
ISLAMABAD: the Institute of Policy Studies (IPS), Islamabad and Inovatian-Asia (Private) Limited have signed an agreement to carry out joint capacity building programs.
Inovatian-Asia (Private) Limited, a sister concern of international technology firm Inovatian Inc. with offices in Canada, UK, USA and Egypt, which was founded by renowned scientist and innovator Dr Hatim Zaghoul.
Zaghloul is known for his inventions, along with his friend Dr Michel Fattouche, of WiFi, WiMax and LTE’s WOFDM and the complex randomization of CDMA2000 and MCDSSS protocols widely used in telecom sector across the world.
The company also specialized in 6G telephony solutions, cyber security, and data solutions.
Naufil Shahrukh, general manager operations of IPS, and Farzana Yaqoob, CEO, Inovatian-Asia signed the MoU during the ceremony.
Khalid Rahman, chairman, IPS, Kashif Siddiqui, director, Inovatian-Asia, Professor Dr Adeel Akram, department of telecommunications, University of Engineering & Technology (UET), Taxila, Shafaq Sarfraz, manager outreach and IPS-LEAD (Learning, Excellence, and Development Program), and other officials of both the organizations were also present.
The MoU aims to foster cooperation between the two organizations to carry out joint capacity-building programs, disseminate research and analysis, foster dialogue among scholars, experts, scientists, and policymakers, and develop indigenous, state-of-the-art ICT (Information and Communication Technology) resources and solutions in Pakistan and the Muslim world.
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Special tax provisions for exploration, production
The Federal Board of Revenue (FBR) has outlined critical provisions related to the exploration and production of oil, natural gas, and other minerals under Section 100 of the Income Tax Ordinance, 2001. This section, updated through the Finance Act, 2021, provides a framework for taxation specific to the energy and mining sectors, reflecting their importance to Pakistan’s economy.
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