Author: Faisal Shahnawaz

  • SBP’s customer forex rates – July 13, 2022

    SBP’s customer forex rates – July 13, 2022

    KARACHI: The State Bank of Pakistan (SBP) has issued the foreign exchange (forex) rates for customers on July 13, 2022, based on the weighted average rates of commercial banks.

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  • Bitcoin to Pak Rupee on July 13, 2022

    Bitcoin to Pak Rupee on July 13, 2022

    KARACHI: The exchange rate of Bitcoin (BTC) in Pak Rupee (PKR) is Rs4,034,453.39 on July 13, 2022 at 10:24 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs4,234,653.56 at closing on July 12, 2022.

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  • Ripple to Pak Rupee on July 13, 2022

    Ripple to Pak Rupee on July 13, 2022

    KARACHI: The exchange rate of Ripple (XRP) in Pak Rupee (PKR) is Rs64.68 on July 13, 2022 at 10:19 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs66.25 at closing on July 12, 2022.

    The rate of Ripple in US Dollar (USD) is $0.31 on July 13, 2022 at 10:19 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate of $0.32 at closing on July 12, 2022.

    Disclaimer: All data and information are provided for informational purposes only. The data has not been provided for trading purposes or financial, investment, tax, legal, accounting, or other advice. In the case of trading, it is advised to consult your broker or financial representative to verify pricing before executing any trade. The exchange rate does not constitute investment advice. Further, it is not a recommendation to buy, sell or hold any security or financial product.

    READ MORE: Ripple to Pak Rupee on July 12, 2022

  • Dogecoin to Pak Rupee on July 13, 2022

    Dogecoin to Pak Rupee on July 13, 2022

    KARACHI: The exchange rate of Dogecoin (DOGE) in Pak Rupee (PKR) is Rs12.51 on July 13, 2022 at 10:10 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs13.13 at closing on July 12, 2022.

    The rate of Dogecoin in US Dollar (USD) is $0.06 on July 13, 2022 at 10:10 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate $0.06 at closing on July 12, 2022.

    Disclaimer: All data and information are provided for informational purposes only. The data has not been provided for trading purposes or financial, investment, tax, legal, accounting, or other advice. In the case of trading, it is advised to consult your broker or financial representative to verify pricing before executing any trade. The exchange rate does not constitute investment advice. Further, it is not a recommendation to buy, sell or hold any security or financial product.

    READ MORE: Dogecoin to Pak Rupee on July 12, 2022

  • FBR starts online monitoring sales of jewelers

    FBR starts online monitoring sales of jewelers

    KARACHI: The Federal Board of Revenue (FBR) has started online monitoring the sales of jewelers after amendment made through Finance Act, 2001.

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  • Tax concessions to pilots withdrawn

    Tax concessions to pilots withdrawn

    KARACHI: Tax concessions on income in the shape of total allowances available to pilots of any Pakistani airlines have been withdrawn from July 01, 2022.

    The tax concessions have been withdrawn through Finance Act, 2022 by amending provisions of Income Tax Ordinance, 2001.

    READ MORE: Pakistan grants tax exemption to charitable organizations

    According to the amendment, tax concessions on total allowances available to pilots of any Pakistani airlines have been withdrawn. Previously, tax concession was available on allowance exceeding the basic pay chargeable to tax at the rate of 7.5 per cent.

    READ MORE: New tax rates on car registration from July 01, 2022

    Through the Finance Act, 2022 the tax concession has been abolished on flying allowance of persons included: flight engineers; navigators of Pakistan Armed Forces, Pakistani Airlines or Civil Aviation Authority; Junior Commissioned Officer; Other ranks of Pakistan Armed Forces. Previously tax concession was available on these persons on income taxable at 2.5 per cent as a separate block of income in case allowance does not exceed basic salary.

    READ MORE: Finance Act 2022 notifies tax rates on disposal of securities

    Tax concession on the income from profit on debt from investment in federal government securities has also be abolished in case of person other than a banking or insurance company. Previously, the income was subject to the final tax at 15 per cent.

    READ MORE: Finance Act 2022 revises tax rates for salaried persons

  • Pakistan grants tax exemption to charitable organizations

    Pakistan grants tax exemption to charitable organizations

    KARACHI: Pakistan has granted exemption from tax on income of various charitable organizations through Finance Act, 2022.

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  • Limited resources affected from overpopulation

    Limited resources affected from overpopulation

    ISLAMABAD: The government of Pakistan on Tuesday discussed about the need to manage population growth to ensure provision of better human health, economic stability and social life of people.

    The recent data reveals that Pakistan is the 5th most populous country in the world, despite only being the 33rd largest in size.

    READ MORE: NITL declares dividends for funds in FY22

    While its huge population is constantly eating up national resources threatening the national life especially provision of sufficient healthcare as well as quality education, job opportunities, climate change, depleting water resources and even our national security.

    The government ministers showed concerns over the constant population growth and the resources which are quickly running out on the reference of the World Population Day on July 11, 2022.

    The Minister for Federal Health Services Abdul Qadir Patel said on the occasion that, “overpopulation always eats up national resources hindering the national prosperity. There is a misconception that family planning is meant to control child birth. In fact, this initiative was launched to ensure better health of mother and child.”

    READ MORE: Engro Polymer collaborates for industry-academia linkage program  

    Minister for Planning and Development Ahsan Iqbal discussed, about 60 per cent population in Pakistan is below the age of 30, who want to have better education and reasonable employment. However, with available resources in the country, perfect education facilities and jobs availability is a difficult task but we can improve it with practical measures.

    Federal Minister for Poverty Alleviation Shazia Marri, termed the overpopulation a major concern for development planning in Pakistan.

    She said, “If we maintain a balance between national population and resources it would ensure better health of people especially of mother and child.”

    READ MORE: ITMinds, Pak Qater enter into outsourcing arrangement

    She further said that “the data shows that maternal mortality ratio in Pakistan stands at 186 deaths per 100,000 live births. The need for family planning is staggeringly high in Pakistan.”

    She also said that the grassroots challenges are present such as misperceptions, lack of trained health staff, communication gap between the partners, and others.

    To make a real difference in this area and normalize family planning amongst the masses, we need to design and execute behavior change campaigns through use of media tools that reach out to everyone across the board, including rural and most marginalized communities.

    As part of the efforts to raise awareness about the importance of adopting family planning measures, KhairKhwah (campaign name means well-wisher) launched an advocacy campaign on the World Population Day with testimonial videos of government officials. These video testimonials directly speak out to the population of Pakistan on the link between overpopulation and problems facing Pakistan such as economic crisis, unemployment, healthcare etc. and encourage people to adopt family planning measures.

    READ MORE: SECP’s company registration goes up to 169,919 till May 2022

    At the same time, this campaign aims to mobilize the government officials and engage them to make commitments to address this growing issue.

    Names of Officials:

    Names of stakeholders:

    Dr Arif Alvi, President of Pakistan.

    Ahsan Iqbal

    Abdul Qadir Patel

    Dr Zaeem Zia

    Shazia Fatima Khuwaja

    Ali Jan Khan

    Dr. Zaher Gul

    Shazia Marri

    Taimur Khan Jhagra

    Riaz Hussain Pirzada

  • Bitcoin to Pak Rupee on July 12, 2022

    Bitcoin to Pak Rupee on July 12, 2022

    KARACHI: The exchange rate of Bitcoin (BTC) in Pak Rupee (PKR) is Rs4,234,653.56 on July 12, 2022 at 11:32 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs4,396,323.09 at closing on July 11, 2022.

    The rate of Bitcoin in US Dollar (USD) is $20,454.97 on July 12, 2022 at 11:32 AM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $21,298.95 at closing on July 11, 2022.

    Disclaimer: All data and information is provided for informational purposes only. The data has not been provided for trading purposes or financial, investment, tax, legal, accounting, or other advice. In the case of trading, it is advised to consult your broker or financial representative to verify pricing before executing any trade. The exchange rate does not constitute investment advice. Further, it is not a recommendation to buy, sell or hold any security or financial product.

    Bitcoin to Pak Rupee on July 11, 2022

  • Ripple to Pak Rupee on July 12, 2022

    Ripple to Pak Rupee on July 12, 2022

    KARACHI: The exchange rate of Ripple (XRP) against the Pakistani Rupee (PKR) has observed an increase, reaching Rs66.25 on July 12, 2022, at 11:28 AM Pakistan Standard Time (PST) in the open exchange market.

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