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Author: Mrs. Anjum Shahnawaz

  • Exchange rate: buying, selling of Saudi Riyal in rupee on July 12

    Exchange rate: buying, selling of Saudi Riyal in rupee on July 12

    KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in open market on July 12, 2021:

    Buying: Rs 41.50 to the Saudi Riyal

    Selling: Rs 42.00 to the Saudi Riyal

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

    The Saudi Riyal/ 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 UAE Dirham in rupee on July 12

    Exchange rate: buying, selling of UAE Dirham in rupee on July 12

    KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in open market on July 12, 2021:

    Buying: Rs 42.50 to the UAE Dirham

    Selling: Rs 43.00 to the UAE DIrham

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

    The UAE Dirham/ 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 Euro in rupee on July 12

    Exchange rate: buying, selling of Euro in rupee on July 12

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in open market on July 12, 2021:

    Buying: Rs 185.50 to the Euro

    Selling: Rs 187-50 to the Euro

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

    The Euro/ 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 UK Pound in rupee on July 12

    Exchange rate: buying, selling of UK Pound in rupee on July 12

    KARACHI: Following are the rates of buying and selling of one UK Pound Sterling (GBP) in Pakistani Rupee (PKR) in open market on July 12, 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 dollar in rupee on July 12

    Exchange rate: buying, selling of dollar in rupee on July 12

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in open market on July 12, 2021:

    Buying: Rs 159 to the dollar

    Selling: Rs 159.60 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.

  • Rupee weakens by 13 paisas against dollar in early trade

    Rupee weakens by 13 paisas against dollar in early trade

    KARACHI: The Pak Rupee fell by 13 paisas against the dollar in early trade on Monday owing to higher demand of the foreign currency on the first day of the week.

    The exchange rate is at Rs159.30 in the early trade around 10:00AM as against Friday’s closing of Rs159.17 in the interbank foreign exchange market.

    Currency experts said that the rupee weakened in the early trade due to higher demand of the foreign currency as the market opened after two weekly holidays.

  • FBR explains Pakistan source of income

    FBR explains Pakistan source of income

    ISLAMABAD: Federal Board of Revenue (FBR) has defined Pakistan source of income for collection of income tax.

    Pakistan source of income is defined in section 101 of the Income Tax Ordinance, 2001, which caters for Incomes under different heads and situations. Some of the common Pakistan source Incomes are as under: -Salary received or receivable from any employment exercised in Pakistan wherever paid;

    – Salary paid by, or on behalf of, the Federal Government, a Provincial Government, or a local Government in Pakistan, wherever the employment is exercised;

    – Dividend paid by Resident Company;

    – Profit on debt paid by a Resident Person;

    – Property or rental Income from the lease of immovable property in Pakistan;

    – Pension or annuity paid or payable by a Resident or permanent establishment of a Non-Resident.

    The FBR also defined foreign source Income as any Income, which is not a Pakistan source Income.

  • Measures for ease of doing business taken through Finance Act, 2021

    Measures for ease of doing business taken through Finance Act, 2021

    ISLAMABAD: Federal Board of Revenue (FBR) has explained amendments made through Finance Act, 2021 in Sales Tax Act, 1990 and Federal Excise Act, 2005 for ease of doing business.

    (more…)
  • Water shortage stalls industrial production: NKATI chief

    Water shortage stalls industrial production: NKATI chief

    KARACHI: Industries located in North Karachi have facing acute water shortage for the past many days and due to this production activities have been stalled and it is feared that export orders may be missed.

    Faisal Moiz Khan, President, North Karachi Association of Trade & Industry (NKATI), while expressing deep concern over non-supply of water to the industries, requested Sindh Governor Imran Ismail and Syed Murad Ali Shah, Chief Minister Sindh to take notice of the severe and issue directives to Managing Director Water Board for supplying water as per consumption of the industries. So that production activities can continue without any hindrance.

    In a statement, Faisal Moiz Khan said that water is of utmost importance for the continuation of production activities and is one of the basic raw materials, but these days, North Karachi’s industries are facing severe water shortages, while the tanker mafia has plenty of water. In contrast, water is not available from water board lines, which is a question mark?

    “Production activities are stalled due to non-availability of water to factories. This can affect both the production of goods and the timely delivery of foreign orders”, he feared.

    NKATI Chief also protested against the attitude of the MD Water Board, and said that when the MD Water Board was contacted about the non-supply of water to the industries as per the demand, he did not give any positive response to the industrial community. On the contrary, his attitude was highly reprehensible

    Faisal Moiz Khan requested Sindh Governor Imran Ismail and Syed Murad Ali Shah, Chief Minister Sindh to issue directives to MDMD Water Board to adopt a better attitude towards the industrial community and ensure water supply as per the demand while resolving issues on priority basis. Otherwise, production activities will be severely affected, which will have a negative impact on the country’s overall exports.

  • KATI seeks precautionary measures before rains

    KATI seeks precautionary measures before rains

    KARACHI: Korangi Association of Trade and Industry (KATI) has urged the authorities to take precautionary measures before heavy rains in order to avoid human and financial losses.

    Patron-in-Chief S M Muneer and President Saleem-uz-Zaman has said that the Meteorological Department in coming days has forecast heavy rains in Karachi.

    In such cases, precautionary measures should be taken to avoid any possible incident. K-Electric, at the request of KATI, had elevated the grid stations of the industrial area and secured the electrical installations to save precious lives, which has greatly reduced the risk of any possible accidents during rains.

    They embassies on awareness campaigns and special messages should be issued to the people to take precautionary measures before the rains.

    S M Muneer appealed to the people of Karachi, especially the employees and labors to be careful in the rains, stay away from electrical installations and avoid installing Kunda during rainy season.

    Saleem-uz-Zaman requested the factory’s administrations of Korangi Industrial Area to take precautionary measures before the rains and save the lives of the employees.

    President KATI suggested that special messages be issued by the concerned departments for pre-rain awareness and special teams be formed to protect precious human lives and property of the people from damage.

    Saleem-uz-Zaman appealed to the government agencies to complete the repair of the city’s highways and manholes so that the rains do not become a nuisance for the citizens like last year.