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SC summons authorities over heavy taxes levied on petro products

Usman Arshad 10:32 AM | 1 Jul, 2018
SC summons authorities over heavy taxes levied on petro products
ISLAMABAD - The Supreme Court of Pakistan (SC) took suo moto notice on Saturday of heavy taxes levied on petroleum products, electricity and gas bills.

The apex court has summoned reply in this regard whereas notices have been issued to Attorney General (AG), Pakistan State Oil (PSO), National Electric and Power Regulatory Authority, Oil and Gas Regulatory Authority (OGRA), Federal Board of Revenue (FBR) and Water and Power Development Authority (WAPDA).

Moreover, a three-member bench headed by Chief Justice of Pakistan, Justice Saqib Nisar has also been constituted which would assume hearing of the Suo Moto notice on July 5.

Earlier, theSupreme Court of Pakistan suspended all taxes deducted by cellular companies on mobile phone recharge.

A two-member bench, headed by Chief Justice Mian Saqib Nisar, issued the ruling and gave a two-day deadline to the companies for implementing the order. It was also observed that tax should be collected from those who used the mobile phones beyond the limits.

The caretaker government of Pakistan on Saturday revised prices of petroleum products for the second time in a month, following the increase in the price of crude oil in the global oil market.

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Today's currency exchange rates in Pakistan - Dollar, Euro, Pound, Riyal rates on March 22, 2023

KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on March 22, 2023 (Wednesday).

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency Symbol Buying Selling
US Dollar ‎USD 283.6 286.65
Euro EUR 301 304
UK Pound Sterling GBP 344.5 348
U.A.E Dirham AED 77.2 78
Saudi Riyal SAR 75.4 76.2
Australian Dollar AUD 187 189.4
Bahrain Dinar BHD 749.75 757.76
Canadian Dollar CAD 207.5 209.7
China Yuan CNY 40.91 41.31
Danish Krone DKK 40.59 40.99
Hong Kong Dollar HKD 35.9 36.25
Indian Rupee INR 3.41 3.52
Japanese Yen JPY 2.06 2.11
Kuwaiti Dinar KWD 919.58 928.58
Malaysian Ringgit MYR 62.85 63.45
New Zealand Dollar NZD 176.66 178.66
Norwegians Krone NOK 26.33 26.61
Omani Riyal OMR 732.14 740.14
Qatari Riyal ‎QAR 77.42 78.12
Singapore Dollar SGD 208 210
Swedish Korona SEK 26.5 26.8
Swiss Franc CHF 304.1 306.6
Thai Bhat THB 8.26 8.41

Today's gold rates in Pakistan – 22 March 2023

KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 202,400 on Wednesday. The price of 10 grams of 24k gold was recorded at Rs173,500.   

Likewise, 10 grams of 22k gold were being traded for Rs163,624 while a single tola of 22-karat gold was being sold at Rs 190,880.

Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.

City Gold Silver
Lahore PKR 202,400 PKR 2,375
Karachi PKR 202,400 PKR 2,375
Islamabad PKR 202,400 PKR 2,375
Peshawar PKR 202,400 PKR 2,375
Quetta PKR 202,400 PKR 2,375
Sialkot PKR 202,400 PKR 2,375
Attock PKR 202,400 PKR 2,375
Gujranwala PKR 202,400 PKR 2,375
Jehlum PKR 202,400 PKR 2,375
Multan PKR 202,400 PKR 2,375
Bahawalpur PKR 202,400 PKR 2,375
Gujrat PKR 202,400 PKR 2,375
Nawabshah PKR 202,400 PKR 2,375
Chakwal PKR 202,400 PKR 2,375
Hyderabad PKR 202,400 PKR 2,375
Nowshehra PKR 202,400 PKR 2,375
Sargodha PKR 202,400 PKR 2,375
Faisalabad PKR 202,400 PKR 2,375
Mirpur PKR 202,400 PKR 2,375

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