KARACHI: State Bank of Pakistan (SBP) on Wednesday issued the following Karachi Interbank Offered Rates (KIBOR) on October 27, 2021.
| Tenor | BID | OFFER |
| 1 – Week | 7.22 | 7.72 |
| 2 – Week | 7.27 | 7.77 |
| 1 – Month | 7.33 | 7.83 |
| 3 – Month | 8.11 | 8.36 |
| 6 – Month | 8.58 | 8.83 |
| 9 – Month | 8.78 | 9.28 |
| 1 – Year | 8.99 | 9.49 |
KARACHI: The Pak Rupee (PKR) rebounded with a gain of Rs2.49 or 1.44 per cent against the dollar on Wednesday after an assistance package was announced for Pakistan.
The rupee ended Rs172.78 to the dollar from the previous closing of Rs175.27 in the interbank foreign exchange market.
A day earlier the Saudi government announced to deposit $3 billion with the State Bank of Pakistan to help the country in the balance of payment.
The rupee made all-time low of Rs175.27 a day earlier due to external payment pressure.
Currency experts said that the foreign currency market had witnessed positive sentiments throughout the day.
Saudi Arabia yesterday announced additional support of $3 billion to Pakistan for building its foreign exchange reserves. The additional financial support is besides a $1.2 billion dollars deferred oil facility to Pakistan to help its balance of payment issues, an official statement said.
Karachi, October 27, 2021: The State Bank of Pakistan (SBP) has unveiled the official exchange rates for customers on this Wednesday, October 27, 2021.
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KARACHI: Prime Minister Imran Khan on Wednesday thanked Saudi Crown Prince Mohammad Bin Salman for supporting Pakistan with $3 billion as deposit in Pakistan’s central bank and financing refined petroleum product with $1.2 billion.
The prime minister said in a tweet. “KSA has always been there for Pak in our difficult times including now when world confronts rising commodity prices.”
On the other hand the dollar retreated in early trade in interbank foreign exchange market.
The dollar declined by 92 paisas in early trade. The dollar was being traded at Rs174.35 from previous day’s closing of Rs175.27 in interbank foreign exchange market.
Saudi Arabia has announced an additional support of $3 billion to Pakistan for building its foreign exchange reserves.
The additional financial support is besides a $1.2 billion dollars deferred oil facility to Pakistan to help its balance of payment issues, an official statement said.
According to the Saudi Press Agency – SPA, the Saudi Fund for Development in a “generous gesture” announced a deposit of $3 billion dollars with the State Bank of Pakistan (SBP) to help the government support its foreign currency reserves and counter the impact of the Corona pandemic.
ISLAMABAD: Saudi Arabia has announced an additional support of $3 billion to Pakistan for building its foreign exchange reserves.
The additional financial support is besides a $1.2 billion dollars deferred oil facility to Pakistan to help its balance of payment issues, an official statement said.
According to the Saudi Press Agency – SPA, the Saudi Fund for Development in a “generous gesture” announced a deposit of $3 billion dollars with the State Bank of Pakistan (SBP) to help the government support its foreign currency reserves and counter the impact of the Corona pandemic.
The SPA reported that the deposit was in addition, to an oil deferred payment facility of $1.2 billion dollars for petroleum products, during the year.
The SPA said that the gesture reflected the Saudi Kingdom’s continued position in supporting the economy of Pakistan.
The announcement would help ease pressure on Pakistan’s foreign exchange reserves, due to the recent sharp hike in global commodity prices.
In a late-night development Information Minister Ch. Fawad Hussain shared the major development on his Twitter handle, a day after the return of Prime Minister Imran Khan from a three-day visit to the Kingdom to attend the Middle East Green Initiative of the Saudi Crown Prince.
“Breaking news Saudi Arabia announcement support Pakistan with $3 billion as deposit in Pakistan central bank and also financing refined petroleum product with 1. 2 billion us dollars during the year.”
Finance Minister Shaukat Tarin in a tweet early Wednesday said: “Yesterday evening the Finance Minister of Saudi Arabia informed me of the generous gesture of the Kingdom of Saudi Arabia to place $3 billion with SBP and a $1.2 billion deferred oil facility to help the balance of payment of Pakistan.”
“We thank the Crown Prince & the KSA for this kind gesture.”
Minister of Energy Hammad Azhar, who accompanied the Prime Minister on his visit to Saudi Arabia said the Saudi Development Fund has generously announced for Pakistan an oil deferred payments facility of $1.2 billion/annum and a $3 billion deposit with SBP.
“This will help ease pressures on our trade & forex accounts as a result of global commodities price surge,” he said in a message on Twitter.
The Appellate Tribunal Inland Revenue (ATIR) has issued a directive to the Federal Board of Revenue (FBR), urging the deputation of competent officers to represent tax cases during hearings.
(more…)KARACHI: State Bank of Pakistan (SBP) on Tuesday issued the following Karachi Interbank Offered Rates (KIBOR) on October 26, 2021.
| Tenor | BID | OFFER |
| 1 – Week | 7.23 | 7.73 |
| 2 – Week | 7.27 | 7.77 |
| 1 – Month | 7.32 | 7.82 |
| 3 – Month | 8.11 | 8.36 |
| 6 – Month | 8.60 | 8.85 |
| 9 – Month | 8.79 | 9.29 |
| 1 – Year | 9.01 | 9.51 |
KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) on Tuesday declined by 163 points amid range bound trading activity during the day.
The KSE-100 index ended at 45,419 points as compared with previous day’s closing of 45,256 points.
Analysts at Topline Securities said that another lack lustered day at PSX where bourse witnessed a range bound activity.
The benchmark index cycled in 270 points during trading hours as KSE-100 index made an intraday high and low of 45,517 and 45,214, respectively before closing at 45,256.
Investors’ sentiment remained low today in absence of any positive trigger as no progress on IMF program front, Chief of intelligence agency notification is yet to get issued and no updates on Saudi oil deferral payment facility.
During the day, Technology, E&P and Banking sector’ stocks seen some profit taking where TRG, MARI, HBL, UBL, PPL & OGDC cumulatively lost 182 points while, SYS, MEBL & HUBC provided some support by contributing 86 points positively.
On the corporate announcement fronts, MARI posted 1QFY22 EPS at Rs68.21. Earnings were inline with industry expectations. ISL earned the EPS of Rs6.13 1QFY22. Earnings were higher than industry expectations.
During the day, all shares volumes and values stood at 162.97 million shares and Rs5.7 billion, respectively. HUMNL led the volumes chart today as 24.88 million shares traded today in it.
KARACHI: Model Customs Collectorate of Customs (MCC), Gwadar has announced the auction of huge lot of vehicles to be held on October 27, 2021 at Custom House, Gaddani.
The collectorate is scheduled to present the following vehicles for the auction:
01. Toyota Land Cruiser, Reg No. BC-0448, Chassis No. HJ61-002060, Engine No. Nil, Model: 1986
02. Hino Bus, Reg No. BSB-808, Chassis No. AK1JRKA-16027, Engine JO8CB16832, Model:2012.
03. Coach Reg No. BSA-515 Chassis No. AK1JMKA-1415 Engine No. Nil Model: Nil
04. Toyota Land Cruiser (Red) Reg No. BA-8164 Chassis No. BJ160-009711 Engine No. Not Traceable Model: 1985
05. Indus Corolla Car Reg No. GF-1411 Chassis No. AE100-0028693 Engine No. Not Traceable Model: 1994
06. Land Cruiser Prado Reg No. Not Traceble Chassis No. LJ78-0002499 Model. 1990
07. Toyota Land Cruiser Reg No.BA-5186 Chassis No. HJ60-009651 Model. 1984
08. Toyota Land Cruiser Reg: JAA-889 Ch# BJ-60-020679 Model: 1988
09. Mitsubishi Pajero Reg: JAL-231 Ch# LO48G-3005856 Model: 1985
10. Land Cruiser Reg: QAB-1649 Ch# HJ61-013994 Model:1989
11. Toyota Jeep Land Cruiser Reg: AFR-2015 Ch: FJ40-371932 Model: 1989
12. Toyota Land Cruiser Reg: Nil Ch:# LJ78-0039971 Eng:# ZL-33868 Model: 1993
13. Honda Civic Car Reg: Nil Ch:# ESI-1600827 Eng:#D1610173-004871 Model: 2002
14. BMW Reg: Nil Ch:# WBAGL62090DJ92594 Eng:#CC-300 Model: 2002
15. Toyota Surf Reg: Nil Ch:# KZN130-9032504 Eng:#Not Traceable Model: 1993
16. Toyota Land Cruiser Reg No. LSA-3469 Chassis No.FJ55-88824 Engine No. Nil Model: 1992
17. Hino Bus Reg No. CH-14538 Chassis No. AK8JRKA-14538 Engine No. Nil Model: 2016
18. Hino Bus Reg No. BSA-554 Chassis No. AK1JRKA-11056 Engine No. Nil Model: Nil
19. Hino Bus Reg No. JB-3335 Chassis No. AK8JRKA-15635 Model: 2012
20. Hino Bus Reg No. BSA-327 Chassis No. AK17X-41808 Engine No. Model: 1992
21. Hino Bus Reg No. BSA-571 Chassis No. AK-I-JRKA-16707 Engine No. Nil Model: 2011
22. Toyota Land Cruiser Reg No. QBA-3037 Chassis No. FZ180-016013 Model Nil
23. Nissan Sunny Car Reg No. Nill Chassis No. JN1BDAB14Z0336115 Engine No. GMI-6080565 Model: Nill
24. Honda Accord Reg No. AVP-786 Chassis No. CL7-3003313 Engine No. N/A Model: Nill
25. Toyota Altis Car Reg No. AZR-182 Chassis No. ZZE142-7403917 Engine No. N/T Model: N/T
26. Mitsubmishi Pejero Reg No.KB-1782 Chassis No. CL048VFY100117 Engine No. N/T Model: N/T
27. Mitsubishi Pejero Reg No.Nill Chassis No. V45-4401374 Engine No. 2L2678454 Model: 1998
28. Mitsubishi Pejero Reg No.JAB-248 Chassis No. LJ78-00151955 Engine No. -TE Model: Nill
29. Mitsubishi Pejero (03 Door) Reg No.LSC-5465 Chassis No. V24-7700536 Engine No. 4D56-T7UF Model: Nill
30. Toyota Land Cruiser Reg No.BD-4472 Chassis No. FZJ80-0022240 Engine No. N/T Model:1992
31. Toyota Land Cruiser Reg No.BF-7385 Chassis No. HZJ80-0011965 Engine No. N/T Model:Nill
32. Toyota Land Cruiser Reg No.Nill Chassis No. LENFN28FX95300066 Engine No. 312684 Model:Nill
33. Toyota Land Cruiser Prado Reg No.JAF-883 Chassis No. IZJ78-0027017 Engine No.1KZIT Model:1996
34. Toyota Hilux Pickup Reg No.WAE-893 Chassis No. RN43-008601 Engine No.Nill Model:Nill
35. Toyota Land Cruiser Reg No.JAA-038 Chassis No. HJ61-006515 Engine No.1158881 Model:1987
36. Toyota Land Cruiser Reg No.JAA-195 Chassis No. LJ71-0003920 Engine No.2L-1651949 Model:Nill
37. Pejero Reg No.JAA-983 Chassis No. CL0048VGJ400698 Engine No.Nill Model:Nill
38. Toyota Land Cruiser Reg No.JAC-265 Chassis No. KZJ78-0001358 Engine No.1KZ-TE-0005609 Model:NIll
39. Toyota Land Cruiser Reg No.JAD-117 Chassis No. FZ-J80-0163691 Engine No.Nill Model:Nill
40. Hino Mazda Truck Reg No. JW-1236 Chassis No. AK176KA-43256 Engine No. 12181 Model: 1992
41. Toyota Mark-X Car Reg No. AVK-555 Chassis No. GRX121-3002167 Engine No. 3GR-00666157 Model: 2007
42. Toyota Prius Car Reg No. AYH-634 Chassis No. NHW20-0008279 Engine No. A.311091 Model: 2004
43. Toyota Mark-X Car Reg No.AFR-2020 Chassis No. GRX121-1002780 Engine No. 3GR-FSE Model: 2004
The Federal Board of Revenue (FBR) has unveiled the income tax rates applicable to petroleum products for the tax year 2022 under the Second Schedule of the Income Tax Ordinance, 2001.
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