Pkrevenue.com

Author: Hamza Shahnawaz

  • Exchange rates: PKR to GBP on January 06, 2022

    Exchange rates: PKR to GBP on January 06, 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 January 06, 2022:

    Buying: Rs 237.00 to the UK Pound Sterling

    Selling: Rs 239.50 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 10:43 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 GBP on January 05, 2022
  • Exchange rates: PKR to EUR on January 06, 2022

    Exchange rates: PKR to EUR on January 06, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on January 06, 2022:

    Buying: Rs 198.00 to the Euro

    Selling: Rs 200.00 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 10:40 PM 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 January 06, 2022

    Exchange rates: PKR to SAR on January 06, 2022

    KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on January 06, 2022:

    Buying: Rs 46.30 to the Saudi Riyal

    Selling: Rs 46.70 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 10:35 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.

    Exchange rates: PKR to SAR on January 05, 2022
  • Smuggled edible oil, ghee devastate domestic production

    Smuggled edible oil, ghee devastate domestic production

    KARACHI: Sheikh Umer Rehan, former chairman of the Pakistan Vanaspati Manufacturers Association (PVMA), has raised serious concerns over the widespread smuggling of edible oil and ghee from Iran, which he said is wreaking havoc on the domestic manufacturing industry.

    (more…)
  • SBP shortens period to 120 days for bringing export earnings

    SBP shortens period to 120 days for bringing export earnings

    KARACHI: The State Bank of Pakistan (SBP) on Wednesday reduced the period from 180 days to 120 days for exporters to bring export proceeds from the date of shipment.

    The SBP on Wednesday amended foreign exchange regulations requiring exporters to bring export proceeds.

    READ MORE: SBP introduces licensing, regulations for digital banking

    The move also brings in Pakistan’s regulations closer to international best practices, the central bank said.

    It is pertinent to mention here that in recent past, SBP has introduced a number of policy measures in its foreign exchange regulations to facilitate exporters.

    READ MORE: SBP introduces Shariah compliant OMO injections

    These include (i) allowing up to 10 per cent of exporters’ annual exports for equity investment abroad to establish overseas subsidiary/branch office (ii) allowing exporters who are eligible to retain part of their export proceeds to make payments abroad from their export retention account for a number of additional purposes including marketing & promotions, purchase of design/ patterns, warehousing, consultancy service  etc. (iii) facilitating e-Commerce by allowing exporters to sell their products directly through their own websites as well as through international digital marketplaces including Amazon, e-Bay, Ali Baba and (iv) allowing exports by way of dispatch of shipping documents directly to the foreign buyer, to make exporters competitive in the international market.

    READ MORE: SBP directs banks to accept bearer prize bonds

    The new measure is expected to positively impact foreign exchange inflows in the market. SBP is of the view that flexible exchange rate has appropriately played its role as a shock-absorber and it is important that its role be complemented by strong exports proceed realization.

  • FBR may issue special procedure under sales tax law

    FBR may issue special procedure under sales tax law

    In a move to enhance flexibility and adaptability within the tax framework, Section 71 of the Sales Tax Act, 1990, grants authority to the Federal Board of Revenue (FBR) to prescribe special procedures for the payment and submission of documents.

    (more…)
  • Computation of limitation period

    Computation of limitation period

    ISLAMABAD – A recent amendment to the Sales Tax Act, 1990, introduced through the Finance Act, 2021, sheds light on the computation of the limitation period for appeals or applications.

    (more…)
  • Today’s currency exchange rates in PKR – Jan 05, 2022

    Today’s currency exchange rates in PKR – Jan 05, 2022

    KARACHI: Following are the open market exchange rates of foreign currencies in Pak Rupee (PKR) in Pakistan on January 05, 2022 (The rates are updated at 12:23 PM Pakistan Standard Time):

    CurrencyBuyingSelling
    Australian Dollar (AUD)125.00126.50
     Bahrain Dinar (BHD)386.85388.60
     Canadian Dollar (CAD)136.50138.00
     China Yuan (CNY)23.5023.90
     Danish Krone (DNK)23.5023.80
     Euro (EUR)197.50199.50
     Hong Kong Dollar (HKD)16.8517.10
     Indian Rupee (INR)2.032.10
     Japanese Yen (JPY)1.411.44
     Kuwaiti Dinar (KWD)481.80484.30
     Malaysian Ringgit (MYR)36.5036.85
     NewZealand $ (NZD)96.5597.25
     Norwegians Krone (NOK)17.5017.75
     Omani Riyal (OMR)392.75394.78
     Qatari Riyal (QAR)39.9040.50
     Saudi Riyal (SAR)46.5046.90
     Singapore Dollar (SGD)128.50129.80
     Swedish Korona (SEK)18.6018.85
     Swiss Franc (CHF)160.10161.00
     Thai Bhat (THB)4.804.90
     U.A.E Dirham (AED)49.7050.20
     UK Pound Sterling (GBP)236.00238.50
     US Dollar (USD)177.60179.50

    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.

    Today’s currency exchange rates in PKR – Jan 04, 2022
  • Exchange rates: PKR to USD on January 05, 2022

    Exchange rates: PKR to USD on January 05, 2022

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on January 05, 2022:

    Buying: Rs 177.60 to the US Dollar

    Selling: Rs 179.50 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 12:18 PM 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 USD on January 04, 2022
  • Exchange rates: PKR to AED on January 05, 2022

    Exchange rates: PKR to AED on January 05, 2022

    KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on January 05, 2022:

    Buying: Rs 49.70 to the UAE Dirham

    Selling: Rs 50.20 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 12:12 PM 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 AED on January 04, 2022