KARACHI: The exchange rate of Bitcoin (BTC) in Pak Rupee (PKR) is Rs4,566,161.43 on July 18, 2022 at 11:15 AM Pakistan Standard Time (PST), in the open exchange market.
(more…)Author: Faisal Shahnawaz
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Ripple to Pak Rupee on July 18, 2022
KARACHI: The exchange rate of Ripple (XRP) in Pak Rupee (PKR) is Rs76.23 on July 18, 2022 at 11:15 AM Pakistan Standard Time (PST), in the open exchange market.
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Dogecoin to Pak Rupee on July 18, 2022
KARACHI: The exchange rate of Dogecoin (DOGE) in Pak Rupee (PKR) is Rs13.78 on July 18, 2022 at 11:15 AM Pakistan Standard Time (PST), in the open exchange market.
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Petroleum dealers decide not to shut down petrol pumps
KARACHI: Pakistan Petroleum Dealers Association (PPDA) on Sunday decided to call of shut down strike scheduled for July 18, 2022 on government’s assurance to increase the dealers’ margin.
PPDA on July 02, 2022 announced a complete shutdown of petrol pumps from July 18, 2022 in protest of rise in cost of doing business and falling dealers’ margin.
READ MORE: Dealers threaten shutting down petrol pumps from July 18
The government has assured the petroleum dealers to increase dealers’ commission by 100 per cent. The government has agreed to increase the dealers’ commission from Rs3.5 to Rs7 per liter.
The government also assured the petroleum dealers to increase margin by Rs3.5 on petroleum products per liter. The government discussed that the procedure for increasing the dealers’ margin would be notified later.
READ MORE: NA approves levy on petroleum products up to Rs50/liter
According to the sources, the government will increase the 50 percent of dealers’ margin on July 31, 2022 and the next 50 per cent would be increased on August 15, 2022.
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Customs duty exemption, concession granted
KARACHI: The Finance Act, 2022 has amended provisions of Customs Act, 1969 to grant exemption and concessions from customs duty.
Following are the exemptions and concessions of customs duty:
Exemption of Customs Duty and Additional Customs Duty
READ MORE: Commodities’ illegal movement to be treated as smuggling
Customs Duty (CD) leviable on the import of following categories of items / sectors is exempted for incentivizing the respective sectors:
– Machinery and capital goods for mechanization of farming including machinery pertaining to irrigation, drainage, harvesting, plant protection etc.
– Specified raw materials used for manufacturing of LED lights, LED bulbs (including parts thereof) and brush ware.
– 26 Active Pharmaceutical Ingredients for incentivizing Pharmaceutical manufacturers.
– Raw materials for manufacture of first aid bandages.
READ MORE: Special tax regime for pharma sector introduced
– Membranes for filtering / purifying water.
– The drug ‘Grafalon’ and gadget ‘Irisvision’.
– Raw materials of Ivy leaves extract powders.
– Motor spirit.
– Cinematographic equipment imported during the period commencing on the 1st July, 2018 and ending on the 30th June, 2023.
– Bullet proof vehicles and jammers imported by Federal Government, Provincial Government or such states and territories as are or may be included in Pakistan.
READ MORE: Defacing sales tax invoice declared as offence
– Smartphones including those in CKD/SKD condition (subject to certain conditions prescribed for import of CKD/SKD units).
In addition to CD, Additional Customs Duty (ACD) is also exempted on import of the following goods:
– Raw materials imported by paper sizing industry and chlorinated paraffin wax industry and manufacturers of aluminum conductor composite cores.
– Stamping foils for manufacturing of optic fiber cables.
– Aluminum paste and powder imported by the Coating industry.
– Guts, bladders and stomachs of animals.
Reduction in Customs Duty and Additional Customs Duty
CD leviable on import of following goods is reduced:
– Specified categories of other woven fabrics and artificial flowers / foliage of other materials imported by manufacturers of footwear.
READ MORE: FBR to collect 3% further tax on supply to inactive taxpayer
– High-density fiber (HDF) boards of wood or other ligneous materials
– Specified fibers of polypropylene.
– Through the Finance Bill, CD was proposed to be reduced on 10 categories of direct and reactive dyes. Such reduction in CD has now been restricted to 6 categories through the Act.
In addition to CD, ACD, leviable on import of following goods is also reduced:
– Direct and reactive dyes.
– Glycerol crude and Glycerol for the coating industry.
– Goods pertaining to Aluminum, polymers of ethylene, Biaxially Oriented Polypropylene (BOPP) used by the packing industry.
– Adhesive, Epoxide resins, Filter media/ paper, Non-woven fabric media and Steel plates / sheets of prime quality imported by manufacturers of filters, other than automotive.
– Organic composite solvents and thinners imported by manufacturers of Dibutyl Orthophthalates.
– Plywood, veneered panels & similar laminated wood, poly (methyl methacrylate) and cyanoacrylate.
– Flavoring powders for food preparation for snacks manufacturers.
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Bitcoin to Pak Rupee on July 17, 2022
KARACHI: The exchange rate of Bitcoin (BTC) in Pak Rupee (PKR) is Rs4,492,855.68 on July 17, 2022 at 3:40 PM Pakistan Standard Time (PST), in the open exchange market.
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Ripple to Pak Rupee on July 17, 2022
KARACHI: The exchange rate of Ripple (XRP) in Pak Rupee (PKR) is Rs73.92 on July 17, 2022 at 3:40 PM Pakistan Standard Time (PST), in the open exchange market.
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Dogecoin to Pak Rupee on July 17, 2022
KARACHI: The exchange rate of Dogecoin (DOGE) in Pak Rupee (PKR) is Rs13.57 on July 17, 2022 at 3:40 PM Pakistan Standard Time (PST), in the open exchange market.
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Pakistani Rupee to Saudi Riyal on July 17, 2022
KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on July 17, 2022:
Buying: Rs 55.20 to the Saudi Riyal
Selling: Rs 56.00 to the Saudi Riyal
The buying rate means an exchange company or a bank buys foreign currency from a customer.
The selling rate means an exchange company or a bank sells for foreign currency from a customer.
The rate has been updated at 3:00 PM Pakistan Standard Time (PST).
The Saudi Riyal /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
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Pakistani Rupee to Euro on July 17, 2022
KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on July 17, 2022:
Buying: Rs 207.00 to the Euro
Selling: Rs 209.50 to the Euro
The buying rate means an exchange company or a bank buys foreign currency from a customer.
The selling rate means an exchange company or a bank sells for foreign currency from a customer.
The rate has been updated at 3:00 PM Pakistan Standard Time (PST).
The Euro /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
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Pakistani Rupee to UK Pound Sterling on July 17, 2022
KARACHI: Following are the rates of buying and selling of one UK Pound Sterling (GBP) in Pakistani Rupee (PKR) in the open market on July 17, 2022:
Buying: Rs 246.00 to the UK Pound Sterling
Selling: Rs 249.00 to the UK Pound Sterling
The buying rate means an exchange company or a bank buys foreign currency from a customer.
The selling rate means an exchange company or a bank sells the foreign currency from a customer.
The rate has been updated at 3:00 PM AM Pakistan Standard Time (PST).
The UK Pound Sterling /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
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Pakistani Rupee to UAE Dirham on July 17, 2022
KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on July 17, 2022:
Buying: Rs 56.70 to the UAE Dirham
Selling: Rs 57.70 to the UAE Dirham
The buying rate means an exchange company or a bank buys foreign currency from a customer.
The selling rate means an exchange company or a bank sells the foreign currency from a customer.
The rate has been updated at 3:00 PM Pakistan Standard Time (PST).
The UAE Dirham /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
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Pakistani Rupee to US Dollar on July 17, 2022
KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on July 17, 2022:
Buying: Rs 209.00 to the US Dollar
Selling: Rs 211.50 to the US Dollar
The buying rate means an exchange company or a bank buys foreign currency from a customer.
The selling rate means an exchange company or a bank sells the foreign currency from a customer.
The rate has been updated at 3:00 PM Pakistan Standard Time (PST).
The US Dollar /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
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Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.
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Bitcoin to Pak Rupee on July 16, 2022
KARACHI: The exchange rate of Bitcoin (BTC) in Pak Rupee (PKR) is Rs4,373,012.91 on July 16, 2022 at 10:58 AM Pakistan Standard Time (PST), in the open exchange market.
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