Jan 16
Uncategorized
Pakistani Rupee (PKR) to Euro (EUR) on January 16, 2023
KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on January 16, 2023:
Jul 29
Money & Banking, Uncategorized
KIBOR rates on July 29, 2021
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 […]
Jul 14
Money & Banking, Uncategorized
SBP issues exchange rates for July 14, 2021
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 […]
Jul 12
Money & Banking, Uncategorized
KIBOR rates on July 12, 2021
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 […]
Mar 26
Uncategorized
First year allowance on plant, machinery withdrawn
ISLAMABAD: First year allowance has been withdrawn that was allowed on installation of plant and machinery by any industrial unit. The concession has been withdrawn through Tax Laws (Second Amendment) Ordinance, 2021.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 […]
Dec 26
Uncategorized
Amnesty to builders, developers be extended for one year: FPCCI
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 […]
Dec 26
Uncategorized
Weekly Review: market likely stay in green
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, […]
Nov 9
Taxation, Uncategorized
Income tax rate on sale of petroleum products
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 […]