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 |
Karachi, October 01, 2021: The State Bank of Pakistan (SBP) has released the official exchange rates for Friday, October 01, 2021.
(more…)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 |
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 |
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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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.
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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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.
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 |
Karachi, September 28, 2021 – The State Bank of Pakistan (SBP) has issued the exchange rates for customers on September 28, 2021.
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