Exchange rates in PKR vs foreign currencies on Sept 24
KARACHI: Following are the exchange rates of foreign currencies in Pak Rupee (PKR) on September 24, 2021 (The rates are updated at 09:13AM): Currency Buying Selling Australian Dollar 122 124 Bahrain Dinar 386.6 388.36 Canadian […]
FBR not to ask source of remittances sent through ECs
ISLAMABAD: Federal Board of Revenue (FBR) on Thursday said that tax authorities will not ask source of foreign exchange not exceeding Rs5 million remitted through exchange companies (ECs) or money […]
Draft rules issued for Uzbekistan-Pakistan transit trade
ISLAMABAD: Federal Board of Revenue (FBR) on Thursday issued draft rules for Uzbekistan-Pakistan Transit Trade (UPTT). The FBR issued SRO 1256(I)/2021 dated September 20, 2021 to propose amendment in Customs […]
Abetment in tax matters to be offence
Section 199 of Income Tax Ordinance, 2001 explains the abetment in tax matters is an offence punishable with a fine or imprisonment of three years. The Federal Board of Revenue (FBR) issued […]
Foreign exchange reserves fall to $26.402 billion
KARACHI: The liquid foreign exchange reserves of the country fell by $663 million during the week ended September 17, 2021. The State Bank of Pakistan (SBP) on Thursday said that the […]
SBP prohibits bank loans for imported vehicles
KARACHI: The State Bank of Pakistan (SBP) on Thursday amended regulations to prohibit financing for imported vehicles. “The changes in the PRs effectively prohibit financing for imported vehicles,” the SBP […]
IR intelligence conducts two raids against tax evasion
ISLAMABAD: The Intelligence and Investigation of Inland Revenue (IR) has conducted raids in Lahore and Multan against entities involved in tax evasion, said a statement issued by Federal Board of […]
Tax laws amended to include digital payment
ISLAMABAD: Federal Board of Revenue (FBR) on Thursday said that tax law has been amended to include mode of digital payment. To improve documentation, a new clause (la) has been […]
KIBOR rates on September 23, 2021
KARACHI: State Bank of Pakistan (SBP) on Thursday issued the following Karachi Interbank Offered Rates (KIBOR) on September 23, 2021. Tenor BID OFFER 1 – Week 7.20 7.70 2 – Week 7.24 7.74 1 – […]
Emirates pavilion to welcome visitors of Expo 2020 Dubai
KARACHI: Expo 2020 Dubai’s must-see aviation attraction is gearing up to open its doors to the public on October 01, 2021. Located in the Opportunity District, and within walking distance […]