Pkrevenue.com

Author: Mrs. Anjum Shahnawaz

  • Exchange rate: buying, selling of UK Pound in rupee on July 14

    Exchange rate: buying, selling of UK Pound in rupee on July 14

    KARACHI: Following are the rates of buying and selling of one UK Pound Sterling (GBP) in Pakistani Rupee (PKR) in open market on July 14, 2021:

    Buying: Rs 217 to the UK Pound Sterling

    Selling: Rs 220 to the UK Pound Sterling

    Today’s GBP to PKR (UK Pound Sterling Price in Pakistan Rupee 2021) exchange rate has been given here. All rates are updated every hour to offer you the best UK Pound Sterling to Pakistani Rupee.

    The UK Pound Sterling/ 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.

  • Exchange rate: buying, selling of US Dollar in rupee on July 14

    Exchange rate: buying, selling of US Dollar in rupee on July 14

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in open market on July 14, 2021:

    Buying: Rs 159.20 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.

  • Withholding tax up to 30% to be collected on profit from national saving schemes

    Withholding tax up to 30% to be collected on profit from national saving schemes

    A significant alteration to the income tax rate on profits from national saving schemes has been introduced through the Finance Act, 2021. As of July 01, 2021, individuals not listed on the Active Taxpayers List (ATL) are now subject to a 30% withholding income tax rate on profits earned from saving schemes.

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  • Annual Return Filing: What information is required for tax registration?

    Annual Return Filing: What information is required for tax registration?

    The tax registration is key for filing income tax rates. The taxpayers should know about the required information for the tax registration.

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  • Probe in Hascol financials underway: SECP

    Probe in Hascol financials underway: SECP

    ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) took notice of HASCOL’s reported accounts for the period ending June 30, 2019 in October 2019, according to a statement issued on Tuesday.

    In this regard, the SECP has diligently followed its requisite internal protocols in compliance with its mandated role and responsibility.

    However, being the apex corporate regulator of the country, SECP has to conclude its proceedings after following due process as envisaged under the law.

    The SECP does not comment on its regulatory actions until they are finalized and orders are issued, at which stage they are published on its website without any exception. However, recently some misreporting in the print media has been undertaken that is devoid of facts and has been published without seeking SECP’s version.

    The SECP has been and continues to remain vigilant and proactive in swiftly dealing with any regulatory violations that fall within its ambit.

    SECP greatly respects and values its ongoing relationship with the media which almost invariably reports on SECP’s activities in a measured, responsible and fair manner. However, it expects that reporting on matters currently under consideration of SECP should not be based on conjecture or incorrect hearsay.

  • KIBOR rates on July 13, 2021

    KIBOR rates on July 13, 2021

    KARACHI: State Bank of Pakistan (SBP) on Tuesday issued following Karachi Interbank Offered Rates (KIBOR) on July 13, 2021.

     TenorBIDOFFER
    1 – Week6.917.41
    2 – Week6.967.46
    1 – Month7.017.51
    3 – Month7.197.44
    6 – Month7.407.65
    9 – Month7.508.00
    1 – Year7.568.06
  • Banking Ombudsman provides Rs305.5 million monetary relief to customers

    Banking Ombudsman provides Rs305.5 million monetary relief to customers

    KARACHI: The Banking Mohtasib (Ombudsman) Pakistan has provided monetary relief amounting to Rs 305.5 million to the banking customers by disposing of 14,910 complaints during the first half (January to June) of the current calendar year, 2021, according to a press release issued on Tuesday.

    About 99 per cent (14,755) complaints were resolved amicably while only1 per cent (155) complaints required resolution through formal Orders.

    There is no letup in the number of complaints being lodged against commercial banks with the Banking Mohtasib as nearly 20,220 new complaints, including 13,027 from Prime Minister’s Portal, were received from 1st January to 30th June, 2021.

    There has been 81 per cent increase in the number of complaints lodged with the Banking Mohtasib against commercial banks during the first half of the current year, 2021 as against the first half of the last calendar year, 2020 when 11,174 complaints were filed.

    It may be pointed out that during the first half of the last calendar year (2020), the Banking Mohtasib Office had provided monetary relief amounting to Rs 318.6 million to the banking customers by disposing of 11,251 complaints. More complaints were disposed of than received was due to the fact that some complaints were carried forward from the year, 2019.

    With a view to protecting the banking customers from any fraud and forgeries, the Banking Mohtasib Pakistan continuously reminds them not to disclose their personal and financial information to any person.

  • American Business Council appreciates taxpayers’ facilitation measures

    American Business Council appreciates taxpayers’ facilitation measures

    KARACHI: The American Business Council (ABC) of Pakistan has appreciated the efforts of the government to facilitate taxpayers, ameliorate ease of doing business and incentivize digitization of the economy, according to a statement released on Tuesday.

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  • Turkish App BiP enhances group calls to 15 participants

    Turkish App BiP enhances group calls to 15 participants

    KARACHI:  The maximum number of participants in HD-quality voice and group video calls via BiP has increased to 15, according to a statement issued on Tuesday.

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  • Share market makes slight gain amid cautious trading

    Share market makes slight gain amid cautious trading

    KARACHI: The share market gained 33 points on Tuesday as investors maintained a cautious approach towards building positions.

    The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 47,480 points as against previous day’s closing of 47,447 points, showing an increase of 33 points.

    Analysts at Arif Habib Limited said that the investors maintained a cautious approach towards building positions, in the wake of Capital Gain Tax (CGT) liability that is due to be settled by mid of the month, whereby investors anticipate sell off by other than corporate and institutional investors.

    Technology sector led the index with NETSOL hitting upper circuit and brisk trading in TRG & SYS. Power sector remained muted due to concerns over Petroleum Division’s stance on payments to IPPs under Power Policy of 2002.

    Among scrips, WTL topped the volumes with 48 million shares, followed by GGGL (37.5 million) and TPL (28.4 million).

    Sectors contributing to the performance include Technology (+36 points), Inv Banks (+25 points), Banks (+17 points), Fertilizer (+13 points), E&P (-17 points) and Autos (-15 points).

    Volumes increased from 474.9 million shares to 496.8 million shares (+5 per cent DoD). Average traded value increased by 13 per cent to reach US$ 101.8 million as against US$ 90.2 million.

    Stocks that contributed significantly to the volumes include WTL, GGGL, TPL, FFL and TPLP, which formed 32 per cent of total volumes.

    Stocks that contributed positively to the index include PSX (+21 points), SYS (+18 points), TRG (+16 points), BAHL (+16 points) and CEPB (+8 points). Stocks that contributed negatively include PPL (-10 points), MCB (-9 points), KAPCO (-8 points), OGDC (-7 points) and COLG (-7 points).