The government has proposed many incentives for almost every sector of the country including automobile industry.
According to the new auto policy proposed in the budget, people will not be allowed to buy a new vehicle, local or imported, worth over Rs4 million, until they file income tax return.
The new step taken by the government is to encourage people/non-filers to file income tax returns, which will increase the revenue of the government.
The decision to put a ban on non-filers’ purchase of vehicles will not be welcomed by the auto-sector as it will highly affect their sales. The reason behind this is that major part of Pakistan’s population does not file tax returns.
The new decision proposed by the government will be discussed in the parliament and once finalized then non-filer will not be able to buy new cars.
Moreover, the government has also proposed the reduction of customs duty on import of firefighting vehicles from 30% to 10%.
The writer is a member of the staff. He can be accessed on Twitter @iamnozair
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 21, 2023 (Tuesday).
Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency | Symbol | Buying | Selling |
US Dollar | USD | 283.15 | 286.15 |
Euro | EUR | 298.5 | 301.5 |
UK Pound Sterling | GBP | 340.5 | 344 |
U.A.E Dirham | AED | 77.25 | 78 |
Saudi Riyal | SAR | 75.2 | 76 |
Australian Dollar | AUD | 187 | 189.4 |
Bahrain Dinar | BHD | 749.54 | 757.54 |
Canadian Dollar | CAD | 207.5 | 209.5 |
China Yuan | CNY | 40.91 | 41.31 |
Danish Krone | DKK | 40.38 | 40.78 |
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 | 916.88 | 925.88 |
Malaysian Ringgit | MYR | 62.85 | 63.45 |
New Zealand Dollar | NZD | 176.66 | 178.6 |
Norwegians Krone | NOK | 26.33 | 26.63 |
Omani Riyal | OMR | 732.14 | 740.14 |
Qatari Riyal | QAR | 77.42 | 78.12 |
Singapore Dollar | SGD | 207.5 | 209.5 |
Swedish Korona | SEK | 26.5 | 26.8 |
Swiss Franc | CHF | 305.25 | 307.78 |
Thai Bhat | THB | 8.26 | 8.41 |
KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 204,700 on Tuesday.The price of 10 grams of 24k gold was recorded at Rs175,500.
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 190,849.
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 204,700 | PKR 2,390 |
Karachi | PKR 204,700 | PKR 2,390 |
Islamabad | PKR 204,700 | PKR 2,390 |
Peshawar | PKR 204,700 | PKR 2,390 |
Quetta | PKR 204,700 | PKR 2,390 |
Sialkot | PKR 204,700 | PKR 2,390 |
Attock | PKR 204,700 | PKR 2,390 |
Gujranwala | PKR 204,700 | PKR 2,390 |
Jehlum | PKR 204,700 | PKR 2,390 |
Multan | PKR 204,700 | PKR 2,390 |
Bahawalpur | PKR 204,700 | PKR 2,390 |
Gujrat | PKR 204,700 | PKR 2,390 |
Nawabshah | PKR 204,700 | PKR 2,390 |
Chakwal | PKR 204,700 | PKR 2,390 |
Hyderabad | PKR 204,700 | PKR 2,390 |
Nowshehra | PKR 204,700 | PKR 2,390 |
Sargodha | PKR 204,700 | PKR 2,390 |
Faisalabad | PKR 204,700 | PKR 2,390 |
Mirpur | PKR 204,700 | PKR 2,390 |
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