Pkrevenue.com

Author: Hamza Shahnawaz

  • Pakistani Rupee to Euro on July 09, 2022

    Pakistani Rupee to Euro on July 09, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on July 09, 2022:

    Buying: Rs 213.55 to the Euro

    Selling: Rs 217.55 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 11:18 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.

    READ MORE: Pakistani Rupee to Euro on July 08, 2022

  • Pakistani Rupee to Saudi Riyal on July 09, 2022

    Pakistani Rupee to Saudi Riyal on July 09, 2022

    KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on July 09, 2022:

    Buying: Rs 54.60 to the Saudi Riyal

    Selling: Rs 55.40 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 11:14 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.

    READ MORE: Pakistani Rupee to Saudi Riyal on July 08, 2022

  • Capital gains tax revamped on disposal of immovable properties

    Capital gains tax revamped on disposal of immovable properties

    KARACHI: The Finance Act, 2022 has revamped the taxation of capital gains on disposal of immovable properties.

    Amendment has been incorporated in Section 37 of Income Tax Ordinance, 2001 through Finance Act, 2022.

    READ MORE: Tax on deemed income arising from capital assets in Pakistan

    Capital gains tax on disposal of immovable properties located in Pakistan shall be taxed at the following rates:

    01. Where the holding period does not exceed one year: the tax rate for open plots shall be 15 per cent; for constructed property at 15 per cent; and for flats 15 per cent.

    02. Where the holding period exceeds one year but does not exceed two years: the tax rate for open plots shall be 12.50 per cent; for constructed property at 10 per cent; and for flats at 7.5 per cent.

    READ MORE: Pakistan imposes tax at 10% on money transfers to non-residents

    03. Where the holding period exceeds two years but does not exceed three years: the tax rate for open plots shall be 10 per cent; for constructed property at 7.5 per cent; and zero per cent for flats.

    04. Where the holding period exceeds three years but does not exceed four years: the tax rate for open plots shall be 7.5 per cent; for constructed property at 5 per cent; and zero per cent for flats.

    05. Where the holding period exceeds four years but does not exceed five years: the tax rate for open plots shall be 5 per cent; zero per cent for constructed property; and zero per cent for flats.

    READ MORE: Significant changes to sales tax laws through Finance Act 2022

    06. Where the holding period exceeds five years but does not exceed six years: the tax rate for open plot shall be 2.5 per cent; zero per cent for constructed property; and zero per cent for flats.

    07. Where the holding period exceeds six years: the tax rate shall be zero for open plots, constructed property and flats.

    Tax experts at PwC A. F. Ferguson & Co. said consequently, capital gains relating to disposal of immovable properties situated outside Pakistan will be taxed at applicable rates irrespective of holding period.

    READ MORE: Key changes to income tax laws through Finance Act 2022

  • Weekly Review: market likely to stay range-bound

    Weekly Review: market likely to stay range-bound

    KARACHI: Pakistan stock market likely to stay range-bound during next week due to fewer days of trading because of Eid holidays.

    (more…)
  • Foreign currency rates in Pak Rupee – July 08, 2022

    Foreign currency rates in Pak Rupee – July 08, 2022

    Karachi, July 8, 2022 – The foreign currency exchange market in Pakistan opened on Friday with new rates for various global currencies against the Pakistani Rupee (PKR). The updated open market currency rates, released at 9:26 AM (Pakistan Standard Time), reflect ongoing volatility in the foreign exchange market driven by global economic pressures and domestic demand fluctuations.

    (more…)
  • Pakistani Rupee to US Dollar on July 08, 2022

    Pakistani Rupee to US Dollar on July 08, 2022

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on June 08, 2022:

    Buying: Rs 206.00 to the US Dollar

    Selling: Rs 209.50 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 09:23 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.

    READ MORE: Pakistani Rupee to US Dollar on July 07, 2022

  • Pakistani Rupee to UAE Dirham on July 08, 2022

    Pakistani Rupee to UAE Dirham on July 08, 2022

    KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on July 08, 2022:

    Buying: Rs 55.70 to the UAE Dirham

    Selling: Rs 56.50 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 09:17 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.

    READ MORE: Pakistani Rupee to UAE Dirham on July 07, 2022

  • Pakistani Rupee to UK Pound Sterling on July 08, 2022

    Pakistani Rupee to UK Pound Sterling on July 08, 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 July 08, 2022:

    Buying: Rs 248.00 to the UK Pound Sterling

    Selling: Rs 251.00 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 09:12 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.

    READ MORE: Pakistani Rupee to UK Pound Sterling on July 07, 2022

  • Pakistani Rupee to Euro on July 08, 2022

    Pakistani Rupee to Euro on July 08, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on July 08, 2022:

    Buying: Rs 213.50 to the Euro

    Selling: Rs 217.50 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 09:08 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.

    READ MORE: Pakistani Rupee to Euro on July 07, 2022

  • Pakistani Rupee to Saudi Riyal on July 08, 2022

    Pakistani Rupee to Saudi Riyal on July 08, 2022

    KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on July 08, 2022:

    Buying: Rs 54.50 to the Saudi Riyal

    Selling: Rs 55.30 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 09:03 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.

    READ MORE: Pakistani Rupee to Saudi Riyal on July 07, 2022