The exchange rate of the Saudi Riyal (SAR) against the Pakistani Rupee (PKR) has been holding steady, with the buying rate at Rs 42.00 and the selling rate at Rs 42.50 in the open market on July 13, 2021.
(more…)Author: Mrs. Anjum Shahnawaz
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Exchange rate: buying, selling of UAE Dirham in rupee on July 13
The open market exchange rates for the UAE Dirham (AED) against the Pakistani Rupee (PKR) on July 13, 2021, are as follows:
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Exchange rate: buying, selling of Euro in rupee on July 13
Karachi, July 13, 2021 – The open market exchange rates for the Euro to Pakistani Rupee (EUR/PKR) on July 13, 2021, have been released, providing crucial information for individuals and businesses engaged in cross-border transactions.
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Exchange rate: buying, selling of UK Pound in rupee on July 13
KARACHI: The open market rates for buying and selling one UK Pound Sterling (GBP) in Pakistani Rupee (PKR) on July 13, 2021, have been reported as follows:
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Exchange rate: buying, selling of US Dollar in rupee on July 13
KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in open market on July 13, 2021:
Buying: Rs 159.30 to the dollar
Selling: Rs 159.90 to the dollar
Today’s USD to PKR (Dollar Price in Pakistan Rupee 2021) exchange rate has been given here. All rates are updated every hour to offer you the best US Dollar to Pakistani Rupee.
The US Dollar / Rupee PKR parity depends on open market rates which are set by the market forces on the basis of demand of the foreign currency.
Disclaimer: Team PKRevenue.com provides the available rates of open market, which are subject to change every hour. Team PKRevenue.com provides the available exchange rates at the time of posting of the story. So the team is not responsible for any inaccuracy of the data.
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FBR bars field formations from assigning additional charge to any officer
The Federal Board of Revenue (FBR) has issued a directive, barring field formations from assigning unauthorized additional charges to officers.
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Finance minister reiterates taking stern action against tax evaders
ISLAMABAD: Finance Minister Shaukat Tarin on Monday reiterated the government’s resolve to take stern action against tax evaders, who are not willing to be part of the tax net.
The finance minister said this while chairing a steering meeting to review progress on broadening of tax base and integration of retailers into Point of Sales (POS) system by the Federal Board of Revenue (FBR).
Tarin stated that the government had incentivized the retailers by giving tax credit on electronic cash registers during the new Budget 2021-2022.
The underlying rationale is to give incentives to the tax payers in order to broaden the tax base and at the same time, reiterated to take stern action against tax evaders who are not willing to be part of the tax net.
In the beginning, Member (IT), FBR briefed the participants about operational Terms of Reference (TORs) for integration of retailers into the POS system.
The TORs have been formulated in consultation with key stakeholders including representatives from the private sector to have a proper system of check and balance in place, he added.
While reviewing the progress of the Steering Committee, the Finance Minister stated that limited tax base is one of the key challenges and the Government is firmly committed to expand the tax base to enhance revenues exponentially.
He commended the efforts made by the members of the steering committee on the occasion.
In his concluding remarks, the Finance Minister urged FBR to strictly adhere to timelines and benchmarks and follow-up the whole exercise for broadening tax base on regular basis.
The way forward requires use of new technologies, analytical tools and end-to-end automation to broaden the tax base by integrating all the chains/outlets into MIS system by FBR.
The minister further directed to gather data by undertaking interim measures such as Mystery Shopping exercise to identify anomalies as well as adding new entrants into the system to yield efficient results.
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FBR officials directed to file asset declarations
ISLAMABAD: The Federal Board of Revenue (FBR) has directed officials of Inland Revenue Service and Pakistan Customs to submit their asset declarations by July 31, 2021.
A notification issued on Monday, the FBR directed all the officers and officials to submit their asset declaration ending June 30, 2021 and Performance Evaluation Report due for the year 2020/2021 by July 31, 2021.
The FBR warned the officials that their performance allowance would be discontinued without any further notice and necessary action under the Civil Servants (E&D) Rules, 2020 would also be initiated on account of ‘misconduct’.
The FBR stated that according to Rule 12 of Government Servant (Conduct) Rules, 1964, every government servant is liable to submit his/her annual declaration of assets and liabilities ending on June 30 every year.
Also as per guideline to performance evaluation, the timelines for all employees of the FBR including its field formations to initiate and submit their performance evaluation reports are as: reporting officer by July 20; countering officer by July 31.
The FBR said it had been found from perusal of the record that some officers/officials had not complied with this mandatory responsibility on time.
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SBP directs banks to enhance consumer grievance handling mechanism
KARACHI: in order to strengthen consumer protection regime, the State Bank of Pakistan (SBP) directed banks to enhance grievance handling mechanism at their end.
A statement issued on Monday, the central bank said that the SBP is in continuous pursuit of strengthening the consumer protection regime and market conduct of the industry.
Amongst other efforts, SBP is focusing on improvement in grievance handling mechanisms at banks, microfinance banks (MFBs) and Development Finance Institutions (DFIs) with the aim to provide more affordable, accessible, fair, accountable, and efficient grievance redressal.
For this purpose, various measures have been taken by SBP to enhance responsible complaint handling by the banks as they handle more than 97 per cent of complaints related to the banking industry, in a year.
Recently, SBP conducted a detailed review of complaint handling practices at banks, primarily focusing on ‘ease of lodgment’, and ‘quick and fair disposal’ of complaints. Based on the findings of the review and the role of complaints in improvising banking services, SBP has directed the banks to enhance the grievance handling mechanism deployed at their end.
In order to make complaint lodgement at banks easier and accessible, SBP has prescribed mandatory modes of complaint lodgement to banks with a direction to ensure their availability and accessibility at all times. These modes include Call Centers, Emails, E-forms, Surface mail, Fax, and Complaint boxes/registers Additionally, the banks have also been encouraged to invest in innovative modes of complaint lodgment like receiving complaints through SMS/Call Back Service, Mobile applications, Self Service Kiosks and other Social Media Platforms.
Such investment will not only boost convenience for customers rather it will help banks capture/handle complaints in a better way. Banks have also been advised to send awareness SMS messages at least on a bi-annual basis to create adequate awareness regarding the complaint lodgment modes deployed.
For better tracking of complaints by the customers, the provision of complaint tracking numbers in written form has been made mandatory. Similarly, special focus has been laid on quick and meritorious disposals of complaints.
Further, SBP has also enhanced the reporting requirements on complaint handling in light of the international and local needs/trends. Besides, banks have been advised to ensure provisioning of adequate support to complaint handling function at banks in terms of Human Resources, Information Technology, Training, etc.
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Pakistan Met Department announces vacant posts, invites applications
ISLAMABAD: Pakistan Meteorological Department has invited applications for 11 vacant posts, which should be applied by July 25, 2021.
Applications are invited for the following vacant posts:
Three assistant ministerial in grade 15
14 meteorological assistant in grade 14
Eight sub engineers (electronics) in grade 13
Six computer data entry operators in grade 12
Four upper division clerks in grade 11
Four lower division clerks in grade 9
14 senior observers in grade 9
One radio mechanic in grade 7
15 observers in grade 7
Two mechanic grade-II in grade 5
One tracer in grade 5
The department said that the recruitment shall be made in accordance with the recruitment policy conveyed by the Establishment Division vide O.M 53/1/2008-SP dated 22.10.2014 and 06.05.2020 as amended from time to time and for appointment in BPS 01 to BS-05 vide Notification dated 11.03.2020
Age relaxation will be admissible as per Establishment Division’s OM No. F.9/2/91 -R-3, dated 28.11.2000 and further age relaxation will also be admissible as per Establishment Division’s O.M No. 9/2/91 -R-5 dated 24.06.2010 and as per rules/regulations in vogue.
Applicants will apply through online portal available on https://jobs.pmd.gov.pk, within 15 days from the date of advertisement.
In case of any technical glitch, candidates can send scanned copy of the application form through Email: [email protected]
Incomplete applications received after due date shall not be entertained.
Applicants already in government service should apply through proper channel and shall be required to produce NOC/DPC at the time of interview.
Applicant shall present their original documents along with 02 No. sets of attested copies of domicile/degree/certificates issued by HEC/recognized Board/Universities/ institutes at the time of interview. In case any information furnished by the applicant is found fake and bogus, candidature of particular candidates shall stand cancelled and legal action shall be taken against the particular candidates during any stage of recruitment.
Pakistan Meteorological Department reserves right to increase/ decrease the number of posts as per recruitment against any post without assigning any reason.
No TA/DA will be admissible for written test/interview / physical and skill test.
Only shortlisted candidates will be allowed for interview and skill test wherever applicable.