KARACHI: State Bank of Pakistan (SBP) on Thursday issued following Karachi Interbank Offered Rates (KIBOR) on July 29, 2021. Tenor BID OFFER 1 – Week 6.91 7.41 2 – Week 6.96 7.46 1 – Month 7.01 7.51 3 – Month 7.14 7.39 6 – Month 7.35 7.60 9 – Month 7.46 7.96 1 – Year […]
KARACHI: The State Bank of Pakistan (SBP) on Wednesday issued customers’ exchange rates on the basis of weighted average rates of commercial banks. The SBP said that the data is compiled and disseminated for information only. These Exchange Rates are an estimate of the Exchange Rates quoted by various Commercial Banks to their clients. They […]
KARACHI: State Bank of Pakistan (SBP) on Monday issued following Karachi Interbank Offered Rates (KIBOR) on July 12, 2021. Tenor BID OFFER 1 – Week 6.90 7.40 2 – Week 6.96 7.46 1 – Month 7.02 7.52 3 – Month 7.19 7.44 6 – Month 7.40 7.65 9 – Month 7.52 8.02 1 – Year […]
ISLAMABAD: First year allowance has been withdrawn that was allowed on installation of plant and machinery by any industrial unit. The concession has been withdrawn through Tax Laws (Second Amendment) Ordinance, 2021. The first year allowance has been abolished that was available under Section 23A of Income Tax Ordinance, 2001 at the rate of 90 […]
KARACHI: Pakistan’s apex trade body has urged the prime minister to extend the date for availing a tax amnesty for builders and developers for one year. Mian Anjum Nisar, President, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) while appreciating the Prime Minister of Pakistan for introducing Amnesty Scheme for Construction Industry, said that […]
KARACHI: The market likely to stay in green during next week owing to stable rupee and improved remittances, analysts said. Analysts at Arif Habib Limited said that the market to remain green due to slowdown in Covid-19 infection ratio, improvement on the macro-economic front amid higher remittances resulting in current account surplus, stable PKR/USD parity, […]
ISLAMABAD: Federal Board of Revenue (FBR) has updated the rate of income tax on sale of certain petroleum products for tax year 2021 (July 01, 2020 to June 30, 2021). The FBR issued Income Tax Ordinance, 2001 (updated up to June 30, 2020) after incorporating amendments brought through Finance Act, 2020. The FBR also updated […]