Karachi, October 04, 2021: The State Bank of Pakistan (SBP) has released the official exchange rates for Monday, October 04, 2021.
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KIBOR rates on October 01, 2021
KARACHI: State Bank of Pakistan (SBP) on Friday issued the following Karachi Interbank Offered Rates (KIBOR) on October 01, 2021.
Tenor BID OFFER 1 – Week 7.21 7.71 2 – Week 7.25 7.75 1 – Month 7.30 7.80 3 – Month 7.53 7.78 6 – Month 7.90 8.15 9 – Month 8.22 8.72 1 – Year 8.44 8.94 -
SBP issues customers exchange rates for October 01
Karachi, October 01, 2021: The State Bank of Pakistan (SBP) has released the official exchange rates for Friday, October 01, 2021.
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KIBOR rates on September 30, 2021
KARACHI: State Bank of Pakistan (SBP) on Thursday issued the following Karachi Interbank Offered Rates (KIBOR) on September 30, 2021.
Tenor BID OFFER 1 – Week 7.19 7.69 2 – Week 7.25 7.75 1 – Month 7.31 7.81 3 – Month 7.53 7.78 6 – Month 7.90 8.15 9 – Month 8.21 8.71 1 – Year 8.43 8.93 -
SBP imposes 100% cash margin on imported items
KARACHI: The State Bank of Pakistan (SBP) on Thursday imposed 100 per cent cash margin restriction on import of additional 114 items.
The SBP in a notification referred to BPRD Circular No. 02 of 2017 and BPRD Circular No. 5 of 2018 on the captioned subject, as amended from time to time.
In that regard, it has been decided that banks, with immediate effect, shall obtain 100 percent cash margin on the import of items listed below.
Furthermore, it has been decided to waive the condition of 100 percent cash margin requirement on imports made against HS Code 8414.8090-Air Pumps and Gas Compressors (S. No. 17 of Annexure-A of BPRD Circular No. 05 of 2018).
All other instructions contained in the aforementioned Circulars shall, however, remain unchanged.
List of Items to be subjected to 100% Cash Margin Requirements
S. No HS Code Description 1 9041110 PEPPER,BLACK,CRUSH NOT GROUND 2 9083120 SMALL CARDAMONS NITHER-CRU/GRO 3 12024200 GROUND-NUTS SHELLED BROKEN/N-B 4 12030000 COPRA 5 14049020 BETAL LEAVES 6 15132900 OTH PALM KERNEL/BABASSU OIL 7 15162010 VEGETABLE FAT & ITS FRACTIONS 8 15179000 OTH MARGARIN,EDIB MIX/PREP ETC 9 23040000 OIL-CAKE/OTH S/RESID SOYABEAN 10 23066000 OIL CAKE/OTH RESIDUE,PALM NUTS 11 23099000 OTH PREPARATION FOR ANIMAL FEE 12 24012000 TOBACO-WHOLY/PARTLY STE/STRIP 13 63014000 BLANKET/TRAVEL RUGS OF SYN FIB 14 69072119 OTH FLAGS,PAVING WAT AB 0.5% 15 69072219 OTH FLAGS,PAV WAT AB >0.5%<10% 16 69072390 OTH,CERAMICS WAT AB >10% 17 70109000 OTH CARBOYS BOTT,FLASK,JAR,POT 18 70134900 O-GL-WARE L-C-EX=5×10 T,0-300C 19 85444990 OTH MULTI CORE CABLE 20 87059000 OTH SPECIAL PURPOSE MOTOR VEHL 21 87082939 BODY PARTS OF OTHER VEHICLES 22 87084090 OTH GEAR BOXES/PART OTH VEHICL 23 87141020 COMPPONNENT FOR VEHICLE-H-8711 24 1019000 OTHER LIVE ANIMALS 25 0805 OTHER SIMILAR CITRUS HYDRIDS (0805.2100,0805.2200,0805.2910,0805.2990) 26 0808 PEARS AND QUINCES, FRESH (0808.3000,0808.4000) 27 9081100 NUTMEG NEITHER CRUSHED/GRO 28 9083110 LARGE CARDAMOMS NITHER-CRU 29 10049000 OTHER OATS 30 10061090 OTH RICE IN HUSK (PADDY/RO 31 10079000 OTHER GRAIN SORGHUM(JAWAR) 32 12024100 OTH GROUND NUTS IN SHELL 33 22029100 NON-ALCOHOLIC BEER 34 22029900 OTH WATER 35 34011910 OTHER BABY WIPES 36 34011990 OTH,SOAP ORG-SURFAC-ACT PR 37 40112011 RADIAL RUBB TYRE FOR LIGHT 38 40112019 OTH RUBB TYRE FOR LIGHT TR 39 40112091 RADIAL TYRE RUBBER FOR BUS 40 40112099 OTH PNEUM TYRE RUBBER FOR 41 40114000 NEW PNEUM TYRE RUBB MOTORC 42 69072111 TILES POLISHED WAT AB 0.5% 43 69072190 OTH,CERAMICS WAT AB 0.5% 44 69072211 TILE POLISHED WAT AB >0.5% 45 69072290 OTH,CERAMICS WAT AB >0.5%< 46 69072319 OTH FLAGS,PAVINGS WAT AB > 47 69073000 MOSAIC CUBES AND SIMLAR AR 48 69074000 FINSHING CEREMICS 49 73211119 OTHER COOKING RANGES 50 84151019 OTH WINDOW/WALL TYPE AC/SP 51 84151029 S-CON AC/SPLIT INER-OUTER 52 84151039 TROPICAL MPS MUL-SYS UNIT> 53 84151099 OTH AC MACH MOTOR DRIVEN F 54 84158190 O-AC INCOR REFRI UNIT VALV 55 84158290 O- AC INCOR REFRIGIRATING 56 84158390 O-AC NOT INCROPO REFRIG UN 57 84181090 OTH COMB REFRIG-FREEZ W-DO 58 84182190 OTH REFRIG H-HOLD COMPRES 59 84182990 OTH REFRIGERATOR HOUSHOLD 60 84183090 OTH FREEZER CHEST TYPE-800 61 84184090 OTH FREZER UPRIGHT TYP-900 62 84191190 OTH INST GAS WATER HEATER 63 84501190 OTH WASHIN MACH FUL-AUT NO 64 84501290 O-MACH BUILT-CENTRIFUGAL D 65 84501919 OTH WASH MACH SEMI AUTO<10 66 84501999 O-MACH DRY LINE CAPA -NOT> 67 84502090 MACHINE DRY LINE CAP EXCE1 68 85165090 MICROWAVE OVENS 69 85287211 LIQUID CRYSTAL DISPLAY(LCD 70 85287219 OTH COLOR TV SETS 71 85287290 OTH RECEPTION APPARAT COLO 72 85393110 ENERGY SAVING LAMPS 73 87081010 BUMPERS (SHET METAL)VEH H- 74 87141010 SADDLES OF MOTORCYCLES,MOP 75 15091000 OLIVE OIL & ITS FRACT (VIR 76 15099000 OTH OLIVE OIL & ITS FRACTI 77 15131100 COCONUT OIL,ITS FRACTION C 78 15131900 OTH COCONUT OIL,ITS FRACTI 79 15171000 MARGARINE,EXCL LIQUID MARG 80 24011000 TOBACCO,NOT STEMMED/STRIPP 81 69149000 OTH CERAMIC ARTICLES O/TH 82 70099100 UNFRAMED GLASS MIRRORS 83 70099200 FRAMED GLASS MIRRORS 84 14049049 OTH VEGE MATE USED FOR BRO 85 15162020 VEGETABLE OILS & ITS FRACT 86 16010000 SAUSE,PROD MEAT-FOOD PREP 87 32089090 OTH PAINT BASED ON SYN.POL 88 35069190 OTH POLYMER BASE ADHESIVE 89 38089110 MOSQUITO COIL, MATE&THE LI 90 38121000 PREPARED RUBBER ACCELERATO 91 39199090 OTH SELF-ADHESIVE FILM,FOI 92 40094190 OTH HOSES MADE OF RUB+OTH- 93 40111000 NEW PNEUM TYRES FOR MOTOR 94 44111200 (MDF)THICKNESS NOT EXCEEDI 95 48025600 OTH PAPER&PAPERBOARD IN SH 96 48026200 OTH PAPER&PAPER BOARD IN S 97 48030000 TOILET FACIAC TISSUE/TOWEL 98 48041100 KRAFTINER UN COATED UN-BLE 99 48042100 SACK KRAFT PAPER,UNBLEACHE 100 48101390 OTH WRIT/READ GRAPHIC IN R 101 48101990 OTH WRITING PAPER/PAPERBOA 102 48132000 CIGRETTE PAPER IN ROLL WTH 103 48139000 OTH CIGARET PAPER,BOOKLET/ 104 63080000 SETS OF WOVEN FABRICS AND 105 64059090 FOOTWEAR OF OTHER MATERIAL 106 68022100 MARBLE,TRAVETINE & AIABAST 107 68022300 GRANITE 108 68022900 OTHER BUILDING STONE CUT/S 109 68029100 OTH MARBL TRAVERTIN&ALABAS 110 68029300 OTHER GRANITE 111 68029900 OTHER STONE 112 70139900 O-GLASSWARE INDOOR DECORAT 113 96190020 SCENT SPRAY SIMI TOILET SP 114 96190030 SCENT SPRAY SIMI TOILET SP -
SBP issues customers exchange rates for September 30
Karachi, September 30, 2021 – The State Bank of Pakistan (SBP) has officially issued the exchange rates for customers on September 30, 2021.
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Date extended for exchanging bearer prize bonds
The finance division has notified extension in date for exchanging / conversion of bearer prize bonds from September 30, 2021 to December 31, 2021.
The date has been extended for unregistered (bearer) prize bonds in denomination of Rs40,000/-, Rs25,000/- and Rs15,000.
In order to comply with the Financial Action Task Force (FATF) for the prevention of money laundering and terror financing, the government had decided to document the financial instruments by the withdrawal of bearer prize bonds.
So far the government has decided to withdraw prize bonds of four denominations including Rs40,000/-, Rs25,000/-, Rs15,000 and Rs7,500. However, the last date for exchanging Rs7,500 denomination bearer prize bonds is December 31, 2021.
The government started withdrawal of bearer prize bonds with Rs40,000 denomination on June 24, 2019. Later, on December 10, 2020, the government announced to discontinue the circulation of Rs25,000 denomination prize bonds. In April 2021, the finance ministry announced that national prize bonds of denominations Rs7,500 and Rs15,000 shall not be sold.
It is likely the finance ministry extend the date for encashment / exchanging the bearer prize bonds beyond September 30, 2021. However, the decision in this regard has not been taken so far.
The finance ministry has issued the following procedure for encashment/exchanging the bearer prize bonds.
01. Conversion to Premium Prize Bonds (Registered): The bonds can be converted to premium prize bonds (registered) of denomination of Rs25,000/- and Rs40,000/- (subject to the adjustment of differential amount) through 16 field offices of State Bank of Pakistan (SBP)’s Banking Services Corporation, and branches of six commercial banks i.e. National Bank of Pakistan, Habib Bank Limited, United Bank Limited, MCB Bank Limited, Allied Bank Limited and Bank Alfalah Limited.
02. Replacement with Special Saving Certificates (SSC) / Defence Saving Certificates (DSC): The bonds can be replaced with SSC/DSC through the 16 field offices of SBP Banking Services Corporation, authorized commercial banks and National Savings Centers.
03. Encashment at Face Value: The bonds will only be encashed by transferring the proceeds to the bond holder’s bank account through the 16 field offices of SBP Banking Services Corporation as well as the authorized commercial bank branches and to the Saving Accounts at National Saving Centers.
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SBP issues customers exchange rates for September 29
Karachi, September 29, 2021 – The State Bank of Pakistan (SBP) has released the exchange rates for customers on September 29, 2021.
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FBR extends IR working hours for tax collection
ISLAMABAD: The Federal Board of Revenue (FBR) on Tuesday directed offices of Inland Revenue (IR) to observe extended working hours to facilitate taxpayers in payment of duty and taxes.
In an official memorandum, the FBR directed all the IR offices including Large Taxpayers Office (LTOs), Medium Tax Office (MTO), Corporate Tax Offices (CTOs) and Regional Tax Offices (RTOs) to open and observe extended working hours till 9:00 PM on Wednesday September 29, 2021 and till 12:00 midnight on Thursday, September 30, 2021, to facilitate the taxpayers in payment of duties and taxes.
The FBR directed chief commissioners Inland Revenue to establish liaison with the State Bank of Pakistan (SBP) and authorized branches of National Bank of Pakistan (NBP) to ensure transfer of tax collection by these branches on September 30, 2021 to the respective branches of the SBP on the same date so as to account for the same towards the collection for the month of September 2021.
Earlier in the day the SBP also issued instructions to the banks to facilitate the taxpayers in payment of duty and taxes.
The SBP said that the SBP-BSC offices and NBP branches (A, B and C category) shall observe extended banking hours till 8:00 PM and 9:00 PM on September 29, 2021 and September 30, 2021, respectively for collection of government taxes and duties through manual mode as well as Alternate Delivery Channels (ADCs) mode at Over-the-Counter (OTC) facility.
The SBP further said that in order to ensure same day settlement of tax collection on September 30, 2021, following special clearing and settlement will be arranged through M/s. NIFT and 1Link:
a. M/s. NIFT shall arrange special clearing at 7:00 PM on September 30, 2021 for same-day clearing of payment instruments.
b. M/s. 1Link shall arrange to provide the settlement batch of transactions executed through ADCs platform till 10:00 PM on September 30, 2021 to the SBP for settlement in government accounts.
The NBP branches shall settle their transactions of September 30, 2021, with respective SBP-BSC field offices / head office latest by 10:00 PM same day i.e. September 30, 2021.
The SBP said that in order to eliminate the issue of spillover of tax receipts, NBP shall ensure that no instrument concerning government receipts, lodged in aforesaid office hours, shall remain unattended at any NBP branch and shall be settled in the value date of September 30, 2021 through special clearing.
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KIBOR rates on September 28, 2021
KARACHI: State Bank of Pakistan (SBP) on Tuesday issued the following Karachi Interbank Offered Rates (KIBOR) on September 28, 2021.
Tenor BID OFFER 1 – Week 7.22 7.72 2 – Week 7.26 7.76 1 – Month 7.30 7.80 3 – Month 7.52 7.77 6 – Month 7.91 8.16 9 – Month 8.18 8.68 1 – Year 8.39 8.89