ISLAMABAD: The Federal Board of Revenue (FBR) announced on Saturday that its web portal is currently offline due to ongoing service optimization activities. The technical team is working on migrating services, resulting in the temporary unavailability of services.
(more…)Author: Faisal Shahnawaz
-
KIBOR rates for August 13, 2021
KARACHI: State Bank of Pakistan (SBP) on Friday issued following Karachi Interbank Offered Rates (KIBOR) on August 13, 2021.
Tenor BID OFFER 1 – Week 6.91 7.41 2 – Week 6.94 7.44 1 – Month 7.01 7.51 3 – Month 7.14 7.39 6 – Month 7.29 7.54 9 – Month 7.43 7.93 1 – Year 7.50 8.00 -
Dollar maintains Rs164 in interbank
KARACHI: The US dollar remained at Rs164 to the dollar on Friday as demand for import payments persisted.
The Pak Rupee closed at Rs164 to the dollar from the previous day’s closing of Rs164.01 in the interbank foreign exchange market.
Currency experts said that the market witnessed higher demand for the dollar on the last trading day. However, the statements of the finance minister made a day earlier had sent positive signals to the market.
The finance minister on August 12, 2021 at a press conference said that Pakistan would receive $2.77 billion from the International Monetary Fund (IMF) on August 23, 2021.
He said that the inflows would ease pressure on the external sector. The local currency is still at a 10-month low against the dollar.
-
SBP issues customers exchange rates for August 13
KARACHI, August 13, 2021 — The State Bank of Pakistan (SBP) has released the latest exchange rates for various currencies, based on the weighted average rates of commercial banks.
(more…) -
Telenor gets contract for providing broadband services
ISLAMABAD: Telenor Pakistan has been awarded contract worth Rs555 million for providing mobile broadband services in various districts of Khyber Pakhtunkhwa.
(more…) -
Meezan Bank declares Rs12.6 billion net profit in 1HCY21
KARACHI: Meezan Bank Limited has reported a significant increase in its net profit, reaching Rs 12.6 billion for the first half of the calendar year 2021 (January–June). This reflects an 8% growth compared to the Rs 11.7 billion net profit recorded during the same period last year, according to the bank’s financial results announced on Thursday.
(more…) -
KIBOR rates for August 12, 2021
KARACHI: State Bank of Pakistan (SBP) on Thursday issued following Karachi Interbank Offered Rates (KIBOR) on August 12, 2021.
Tenor BID OFFER 1 – Week 6.87 7.37 2 – Week 6.93 7.43 1 – Month 6.99 7.49 3 – Month 7.14 7.39 6 – Month 7.32 7.57 9 – Month 7.43 7.93 1 – Year 7.51 8.01 -
Rupee falls to Rs164.01 against dollar
KARACHI: The Pak Rupee ended down by nine paisas against the dollar on Wednesday owing to higher import payment demand.
The rupee ended Rs164.01 to the dollar from the previous day’s closing of Rs163.92 in the interbank foreign exchange market.
Currency experts said that the ease in coronavirus restrictions had increased the demand for import payment.
They further said that there is a big pressure on the local currency because of the upcoming public holidays on account of August 14 as Independence Day and Ashura Muharram.
The experts said that the rupee might improve in the coming days because there is an improvement in the inflows of remittances and export receipts.
-
SBP issues customers exchange rates for August 12
KARACHI: The State Bank of Pakistan (SBP) has unveiled the latest exchange rates for customers on Thursday, August 12, 2021.
(more…) -
FBR disposes of 25,323 appeals involving Rs900bn tax
ISLAMABAD: The Legal Wing of the Federal Board of Revenue (FBR) has disposed of 25,323 appeals involving tax revenue of around Rs900 billion during fiscal year 2020/2021.
(more…)