KARACHI, August 16, 2021: The State Bank of Pakistan (SBP) has published the latest exchange rates for customers on Monday, August 16, 2021.
(more…)Author: Faisal Shahnawaz
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Bank holidays for Ashura
KARACHI: The State Bank of Pakistan (SBP) on Monday announced that the banks shall be closed for two days on August 18 – 19, 2021 on the occasion of Ashura.
The central bank in a circular addressing presidents and chief executive officers (CEOs) of all banks that the SBP will remain closed on 18th and 19th August, 2021 (Wednesday and Thursday) being 9th and 10th Muharram-ul-Haram, 1443 A.H. on the occasion of Ashura.
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Tax rates on exports of goods, services for 2021-2022
Islamabad – The Federal Board of Revenue (FBR) has released updated withholding tax rates on exports of goods and services for the fiscal year 2021-2022.
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Taxpayers’ information intact; database breach prevented
In a recent cyber onslaught, the Information Technology (IT) wing of the Federal Board of Revenue (FBR) emerged triumphant in safeguarding the tax system’s database against a Trojan malware attack.
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Tax bar urges updating sales tax return
In a bid to streamline tax procedures and ensure compliance with recent legislative changes, the Karachi Tax Bar Association (KTBA) has called upon the Federal Board of Revenue (FBR) to promptly update the online sales tax return form.
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FBR’s web portal shuts for service optimization
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.
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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.
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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.
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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.
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