On June 11, 2023 the exchange rates of Bitcoin (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) have been reported as:
(more…)Author: Faisal Shahnawaz
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Ripple rates in PKR and USD on June 11, 2023
On June 11, 2023 the exchange rates of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) have been reported as:
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Dogecoin rates in PKR and USD on June 11, 2023
On June 11, 2023, the exchange rates of Dogecoin (DOGE) in Pakistani Rupee (PKR) and US Dollar (USD) have been reported as:
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Tax Experts Explain Reintroduction of Tax on Bonus Shares through Finance Bill, 2023
Tax experts at A F Ferguson have provided insights into the reintroduction of tax on bonus shares through the Finance Bill of 2023.
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Higher Rate of Super Tax Extended to All Taxpayers
The higher rate of super tax, originally introduced in the Finance Act 2022, has now been extended to encompass all taxpayers across various sectors, according to the newly proposed Finance Bill of 2023.
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BIPARJOY Strengthens in East-central Arabian Sea, Expected to Impact Southern Sindh
Karachi, June 11, 2023 – The Very Severe Cyclonic Storm (VSCS) named “BIPARJOY” has intensified over the east-central Arabian Sea and is currently moving in a north-northeastward direction.
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Sindh Allocates Rs690 Billion for Annual Development Plan (ADP) 2023-24
Karachi, June 10, 2023: The Sindh province has allocated approximately Rs690 billion for the upcoming fiscal year 2023-24, as announced by the Sindh Chief Minister during the budget presentation on Saturday.
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PwC – A. F. Ferguson Criticizes Budget as Taxing Already Taxed Sectors
The Finance Bill 2023 has come under scrutiny from PwC – A. F. Ferguson Chartered Accountancy Firm, as it is seen as a budget that primarily focuses on taxing already taxed sectors. According to the renowned financial consulting firm, the budget does not bring about substantial changes in the tax policy and fails to address the issue of undocumented sectors contributing to the tax gap.
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NCCPL Authorized to Collect Super Tax on Capital Gains
In a significant development, the National Clearing Company of Pakistan Limited (NCCPL) has been granted the authority to collect super tax on capital gains.
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Government Introduces 1% Minimum Tax Rate for PSX Listed Companies
The government of Pakistan has announced a new minimum tax rate of 1% for companies listed on the Pakistan Stock Exchange (PSX). This proposal is part of the amendments to tax rates related to the Minimum Tax under the Income Tax Ordinance, 2001, as outlined in the Finance Bill, 2023.
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