KARACHI: The State Bank of Pakistan (SBP) has unveiled the latest exchange rates for customers on Thursday, August 12, 2021.
(more…)Author: Faisal Shahnawaz
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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.
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KIBOR rates for August 11, 2021
KARACHI: State Bank of Pakistan (SBP) on Wednesday issued following Karachi Interbank Offered Rates (KIBOR) on August 11, 2021.
Tenor BID OFFER 1 – Week 6.91 7.41 2 – Week 6.95 7.45 1 – Month 7.00 7.50 3 – Month 7.15 7.40 6 – Month 7.35 7.60 9 – Month 7.44 7.94 1 – Year 7.52 8.02 -
FBR increases minimum prices of steel products
The Federal Board of Revenue (FBR) announced on Wednesday that it has increased the minimum prices of steel products in an effort to align them with the rising costs observed in both domestic and international steel markets.
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Dollar advances to Rs163.92 in interbank
KARACHI: The US Dollar appreciated to Rs163.92 in the interbank foreign exchange market on Wednesday.
The market witnessed higher demand for the foreign currency for import payment.
The closing rate of the dollar in the interbank foreign exchange market was Rs163.75.
Currency experts said that value of the Pak Rupee (PKR) eased against the dollar because of ease in coronavirus restrictions. They said ease in restrictions encourage importers to purchase dollars for new shipments.
They said that the rising import bill was remain a concerns for exchange rate stability. The imports registered a growth of 48 per cent to $5.43 billion in July 2021 as compared with $3.67 billion in the same month of the last year. Meanwhile, trade deficit ballooned by 85.5 per cent owing to high import bill.
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SBP issues customers exchange rates for August 11
KARACHI: On Wednesday, August 11, 2021, the State Bank of Pakistan (SBP) released the latest exchange rates for customers based on the weighted average rates of commercial banks.
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KIBOR rates for August 10, 2021
KARACHI: State Bank of Pakistan (SBP) on Tuesday issued following Karachi Interbank Offered Rates (KIBOR) on August 10, 2021.
Tenor BID OFFER 1 – Week 6.91 7.41 2 – Week 6.95 7.45 1 – Month 7.00 7.50 3 – Month 7.15 7.40 6 – Month 7.35 7.60 9 – Month 7.45 7.95 1 – Year 7.52 8.02 -
SBP issues customers exchange rates for August 10
Karachi, August 10, 2021 – The State Bank of Pakistan (SBP) has released the latest exchange rates for various foreign currencies against the Pakistani Rupee (PKR) on Tuesday, August 10, 2021.
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Tax authority files benami property case against banker
A tax office of the Federal Board of Revenue (FBR) has filed a reference against the chairman of a prominent Islamic bank, accusing him of engaging in benami transactions to obtain properties.
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Notification sought for simplified return for SME taxpayers
KARACHI: The Federal Board of Revenue (FBR) has been urged to issue a simplified income tax return forms for taxpayers of small and medium enterprises (SMEs).
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