Cabinet approves 40% tax on banks’ currency gains

20:50
November 15, 2023

November 15, 2023 (MLN): The Federal Cabinet in its meeting held today has approved a 40% windfall tax on banks’ foreign currency gains, said a press release issued today.

To note, the said taxes will be imposed on foreign currency dealings of 2021 and 2022.

The aforementioned taxes were recommended by the Federal Board of Revenue (FBR) to the cabinet.

Under the Finance Act 2023, Section 99D has been introduced in the Income Tax Ordinance 2001 under which windfall tax will be applicable on windfall profits.

Copyright Mettis Link News

Posted on: 2023-11-15T20:38:24+05:00

FOREX

EQUITY

COMMODITIES

FOREX

PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.50000	278.70000	278.70000	278.50000	01:01 PM
2	EUR	1.07439	1.07446	1.07446	1.07439	07:05 AM
3	GBP	1.25583	1.25590	1.25590	1.25583	07:05 AM
4	CHF	0.90723	0.90731	0.90731	0.90723	07:05 AM
5	JPY	153.13200	153.14500	153.14500	153.13200	07:05 AM
6	CAD	1.36640	1.36651	1.36651	1.36640	07:05 AM
7	AUD	0.65811	0.65817	0.65817	0.65811	07:05 AM
8	INR	83.43290	83.43810	83.43810	83.43290	07:04 AM
9	SAR	3.75050	3.75070	3.75070	3.75050	04:04 PM
10	AED	3.67240	3.67340	3.67340	3.67240	01:23 PM
11	HKD	7.81395	7.81441	7.81441	7.81395	07:05 AM
12	CNH	7.19778	7.19815	7.19815	7.19778	07:05 AM
13	CNY	7.24010	7.24210	7.24210	7.24010	08:21 PM
14	THB	36.76600	36.78900	36.78900	36.76600	07:05 AM
15	MYR	4.73750	4.74250	4.74250	4.73750	05:37 AM
16	IDR	16,030.10000	16,037.10000	16,037.10000	16,030.10000	07:05 AM
17	SGD	1.35223	1.35233	1.35233	1.35223	07:05 AM
18	NZD	0.59820	0.59829	0.59829	0.59820	07:05 AM
19	MXN	16.94080	16.94500	16.94501	16.94081	07:05 AM
20	TRY	32.32140	32.33140	32.33140	32.32140	07:05 AM
21	SEK	10.83920	10.84250	10.84255	10.83915	07:05 AM
22	ZAR	18.51000	18.51830	18.51827	18.51003	07:05 AM
23	NOK	10.92180	10.92450	10.92445	10.92183	07:05 AM
24	DKK	6.94148	6.94248	6.94248	6.94148	07:05 AM
25	ARS	878.24200	878.25000	878.25006	878.24169	07:04 AM
26	BDT	107.79500	111.15000	111.14994	107.79531	09:00 PM
27	BHD	0.37703	0.37713	0.37713	0.37703	04:04 PM
28	BRL	5.10970	5.11270	5.11270	5.10970	07:00 AM
29	KRW	1,358.46000	1,359.05000	1,359.05000	1,358.46000	07:05 AM
30	KWD	0.30734	0.30764	0.30764	0.30734	04:04 PM
31	LKR	293.08500	299.60800	299.60816	293.08521	09:00 PM
32	OMR	0.38493	0.38501	0.38501	0.38493	04:04 PM
33	QAR	3.64500	3.64700	3.64700	3.64500	04:04 PM
34	RUB	92.49000	93.76000	93.76000	92.49000	09:40 PM
35	AFN	71.36230	73.22610	73.22608	71.36234	09:00 PM
36	AZN	1.70000	1.70000	1.70000	1.70000	05:41 AM
37	TMT	3.36000	3.66000	3.66000	3.36000	08:00 PM
38	MVR	14.76000	14.93000	14.93000	14.76000	08:00 PM
39	UZS	12,650.00000	12,725.00000	12,725.00000	12,650.00000	10:04 PM
40	PHP	57.13100	57.16300	57.16300	57.13100	07:04 AM
42	NGN	1,389.50000	1,390.50000	1,390.50000	1,389.50000	06:48 AM
43	KES	133.75000	135.75000	135.75000	133.75000	07:01 AM
44	AMD	359.03800	414.94900	414.94859	359.03815	09:00 PM
45	TWD	32.33180	32.36180	32.36180	32.33180	07:05 AM
46	XAU	2,299.20000	2,299.48000	2,299.48000	2,299.20000	07:05 AM
47	XAG	26.49920	26.50770	26.50770	26.49920	07:05 AM
48	XPT	964.24900	969.85000	967.70000	966.35000	04:04 PM
49	XPD	933.59100	941.41900	940.00000	935.25000	04:04 PM
2,120	VES	36.41860	36.51000	36.50996	36.41856	08:00 PM
2,212	UGX	3,747.86000	3,831.73000	3,831.72824	3,747.86259	09:00 PM
2,213	TZS	2,594.99000	2,595.01000	2,595.01500	2,594.98500	06:49 AM

Data is delayed by 20 minutes

EQUITY

Name	High	Current	Low	Change	% Change	Volume	Value	Direction	DateTime
KSE100	71,986.43	71,929.489	70,671.72	1,271.849	1.800	205,644,043.0	14,584,020,369.700	1	03/05/2024 04:18 PM
ALLSHR	46,944.92	46,911.967	46,190.08	761.653	1.650	409,945,429.0	21,919,980,123.020	1	03/05/2024 04:18 PM
KSE30	23,628.97	23,604.740	23,138.86	370.659	1.595	111,128,259.0	11,931,662,337.360	1	03/05/2024 04:18 PM
KMI30	121,496.66	121,362.412	118,979.86	2,602.624	2.192	125,403,930.0	10,793,513,458.090	1	03/05/2024 04:18 PM
KMIALLSHR	33,768.84	33,741.490	33,120.57	692.207	2.095	256,926,331.0	17,588,207,557.110	1	03/05/2024 04:18 PM
BKTi	17,643.22	17,583.582	17,220.14	30.072	0.171	17,509,658.0	1,577,297,724.010	-1	03/05/2024 04:18 PM
OGTi	17,474.03	17,431.127	16,771.31	669.830	3.996	36,825,501.0	4,913,353,037.070	1	03/05/2024 04:18 PM

Data is delayed by 20 minutes

COMMODITIES

Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	59,335.0	60,535.0	59,265.0	-430.00
BRENT CRUDE	EB	84.0	84.2	83.6	0.30
RICHARDS BAY COAL MONTHLY	EF	101.9	0.0	0.0	-5.10
ROTTERDAM COAL MONTHLY	ET	107.9	108.0	107.9	0.00
USD RBD PALM OLEIN	POL	832.5	832.5	832.5	0.00
CRUDE OIL – WTI	QCL	79.2	79.4	78.8	0.23
SUGAR #11 WORLD	SB	19.4	19.4	19.2	0.14

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