Pakistani Rupee Reaches All Time Low Against US Dollar in Interbank

In interbank transactions, worth of Pakistani rupee reached all time low on 21st of September, 2022. It may further go down in coming days, keeping in view the current declining trend, however its worse of until now. USD was valued at 140.30 against Pakistani Rupee in interbank. However, anyone interested in opening Line of Credit (LC) for imports was sold $1 USD for Rs. 141. This is all time low till now. When alliance of around 13 parties, who call themselves Pakistan Democratic Movement (PDM), came into power, USD was valued at around 178 against Rupee. This price was already much higher as Pakistani currency had already dropped due to political instability which was created when PDM was trying to […]

Income Tax Rates for Salaried Income for fiscal Year 2018-19 in Pakistan

As this year the government in Pakistan have been changed and power have been transferred from Pakistan Muslim League – Nawaz (PML-N) to Pakistan Tehreek-e-Insaf (PTI), so two budgets were presented. One from the leaving government and one from new PTI Government. So there was a lot of confusion regarding the income tax rates for upcoming tax payment for fiscal year 2018-19, the tax which will be due for payment just after June 2019. So to clear this we have done some research and here is what FBR have to say about the tax rates for salaried income for Fiscal Year 2018-19. # Income Category Yearly Tax Amount 1 Taxable Income below 400,000 0% 2 Taxable Income between 400,000 and […]

Troubles of Carrying Around Plastic Money in Pakistan

If you are not aware, Credit and Debit cards or even Prepaid Visa or Master Cards, they all are called the plastic money. As All you need to do is carry around those plastic cards and just swipe or get swiped your plastic card at checkout. Normally, these plastic cards are very convenient, no matter how big transaction you have make, you does not need to carry around few bundles of cash. Or even in daily life you just don’t need to carry much cash in your wallet as you just have a plastic card to make payment. These cards are now very common in Pakistan too. Anyone with a bank account have a visa or MasterCard backed debit card […]

Methods to Pay on Facebook from Pakistan

Its now many years that Pakistan banks are offering Debits and Specially credit cards which are mostly backed with global names like Visa or Master Card. Most of them can be used here in Pakistan on POS terminals, they do work online as well but there are huge limitations when people try to use these cards online. Specially with debit cards, no doubt they features Visa or Master Card logos but most of Pakistani bank except few exceptions don’t allow their usage online. The case of Credit Cards is bit different most Pakistani banks allow usage of their credit cards online but again there are limitation or bans from specific websites which would not accept a specific card from specific […]