KARACHI: Following are the open market exchange rates of foreign currencies in Pak Rupee (PKR) in Pakistan on November 02, 2021 (The rates are updated at 09:45 AM Pakistan Standard Time):
Currency
Buying
Selling
Australian Dollar (AUD)
126.5
128
Bahrain Dinar (BHD)
386.75
388.50
Canadian Dollar (BHD)
137
138.5
China Yuan (BHD)
23.75
23.90
Danish Krone (DNK)
23.45
23.75
Euro (EUR)
196
198
Hong Kong Dollar (HKD)
16.7
16.95
Indian Rupee (INR)
2.03
2.1
Japanese Yen (JPY)
1.41
1.44
Kuwaiti Dinar (KWD)
481.7
484.2
Malaysian Ringgit (MYR)
36.45
36.8
NewZealand $ (NZD)
96.45
97.15
Norwegians Krone (NOK)
17.50
17.75
Omani Riyal (OMR)
392.7
394.7
Qatari Riyal (QAR)
39.90
40.50
Saudi Riyal (SAR)
45
45.5
Singapore Dollar (SGD)
125
126.5
Swedish Korona (SEK)
18.5
18.75
Swiss Franc (CHF)
159.9
160.8
Thai Bhat (THB)
4.8
4.9
U.A.E Dirham (AED)
47.5
48
UK Pound Sterling (GBP)
233.5
236
US Dollar (USD)
170.9
172.3
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.
KARACHI: State Bank of Pakistan (SBP) has strongly rejected the media reports of financial losses or data stolen in the recent cyber attack.
In a tweet on Monday, the SBP said some fake news regarding cyber security attack on banks is in circulation including remarks attributed to Chief Spokesman Abid Qamar.
According to these fake news, nine banks have been affected by the attack and that money has been withdrawn and data stolen.
“Further, no financial loss or data breach has been observed so far,” the SBP added.
The SBP is monitoring the situation closely and it will share any update or information about the incident through its official channels, according to the tweet.
Earlier, on October 30, 2021, the SBP in another tweet stated that the NBP had reported a cybersecurity-related incident that is being investigated. “NBP has not observed any data breach or financial loss. No other bank has reported any such incidence,” the SBP said adding it was monitoring the situation closely to ensure the safety and soundness of the banking system.
Analysts at Topline Securities said that Pakistani equities started the week on a positive note and closed the day at 46,946.21.
Sentiments turned positive as the government announced on Sunday that it had reached an agreement with Tehreek-e-Labbaik Pakistan (TLP) to end a 10-day standoff with the latter.
Sentiments were further buoyed after Prime Minister Imran Khan rejected the Oil and Gas Regulatory Authority (OGRA) and Finance Ministry’s proposals to increase the prices of petroleum products.
Slight profit-taking was witnessed near the close of the session after the monthly CPI clocked in at 9.2 per cent YoY for the month of October 2021, which was above market expectations.
The total volume and value traded in the KSE All Share Index clocked in at 430.01 million shares and Rs14.78 billion respectively.
The volume leader for today was WTL with 53.86mn shares traded during the session.
the Federal Board of Revenue (FBR) has granted tax exemptions from total income during the tax year 2022 to various classes of individuals and entities under Part 1, Second Schedule of the Income Tax Ordinance, 2001.
The rupee ended Rs171.29 to the dollar from last Friday’s closing of Rs171.65 in the interbank foreign exchange market.
The rupee gained the value for the last four trading days after the Saudi government’s pledge to provide financial support to Pakistan.
Saudi Arabia last Tuesday announced an additional support of $3 billion to Pakistan for building its foreign exchange reserves. The additional financial support is besides a $1.2 billion dollars deferred oil facility to Pakistan to help its balance of payment issues, an official statement said.
The local currency has witnessed a gain of Rs3.98 or 2.27 per cent against the greenback during the past four trading sessions. The rupee hit the historic low at Rs175.27 on October 26, 2021.
236Q. Payment to residents for use of machinery and equipment.—(1) Every prescribed person making a payment in full or in part including a payment by way of advance to a resident person for use or right to use industrial, commercial and scientific equipment shall deduct tax from the gross amount at the rate specified in Division XXIII of Part IV of the First Schedule.
(2) Every prescribed person making a payment in full or in part including a payment by way of advance to a resident person on account of rent of machinery shall deduct tax from the gross amount at the rate specified in Division XXIII of Part IV of the First Schedule.
(3) The tax deductible under sub-sections (1) and (2) shall be minimum tax on the income of such resident person.
(4) In this section ―prescribed person means a prescribed person as defined in sub-section (7) of section 153.
(5) The provisions of sub-section (1) and (2) shall not apply to—
(a) agricultural machinery; and
(b) machinery leased by a leasing company, an investment bank or a modaraba or a scheduled bank or a development finance institution in respect of assets owned by the leasing company or an investment bank or a modaraba or a scheduled bank or a development finance institution.
(Disclaimer: The text of the above section is only for information. Team PkRevenue.com makes all efforts to provide the correct version of the text. However, the team PkRevenue.com is not responsible for any error or omission.)
The rate of advance tax on purchase of immovable properties during tax year 2022 will be applicable under Second Schedule of Income Tax Ordinance, 2001.
236K. Advance tax on purchase or transfer of immovable property.—(1) Any person responsible for registering, recording or attesting transfer of any immovable property shall at the time of registering, recording or attesting the transfer shall collect from the purchaser or transferee advance tax at the rate specified in Division XVIII of Part IV of the First Schedule.
Explanation,—For removal of doubt, it is clarified that the person responsible for registering, recording or attesting transfer includes person responsible for registering, recording or attesting transfer for local authority, housing authority, housing society, co-operative society, public and private real estate projects registered/governed under any law, joint ventures, private commercial concerns and registrar of properties.
(2) The advance tax collected under sub-section (1) shall be adjustable:
Provided that if the buyer or transferee is a non-resident individual holding a Pakistan Origin Card (POC) or National ID Card for Overseas Pakistanis (NICOP) or Computerized National ID Card (CNIC) who has acquired the said immovable property through a Foreign Currency Value Account (FCVA) or NRP Rupee Value Account (NRVA) maintained with authorized banks in Pakistan under the foreign exchange regulations issued by the State Bank of Pakistan, the tax collected under this section from such persons shall be final discharge of tax liability for such buyer or transferee.
(3) Any person responsible for collecting payments in installments for purchase or allotment of any immovable property where the transfer is to be effected after making payment of all installments, shall at the time of collecting installments collect from the allotee or transferee advance tax at the rate specified in Division XVIII of Part IV of the First Schedule:
Provided that where tax has been collected along with installments, no further tax under this section shall be collected at the time of transfer of property in the name of buyer from whom tax has been collected in installments which is equal to the amount payable in this section.
(4) Nothing contained in this section shall apply to a scheme introduced by the Federal Government, or Provincial Government or an Authority established under a Federal or Provincial law for expatriate Pakistanis:
“Provided that the mode of payment by the expatriate Pakistanis in the said scheme or schemes shall be in the foreign exchange remitted from outside Pakistan through normal banking channels.”
(Disclaimer: The text of the above section is only for information. Team PkRevenue.com makes all efforts to provide the correct version of the text. However, the team PkRevenue.com is not responsible for any error or omission.)
