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PM Imran lauds FBR for ‘historic’ tax collection

Web Desk 02:38 PM | 2 Jul, 2021
PM Imran lauds FBR for ‘historic’ tax collection

ISLAMABAD – Prime Minister Imran Khan Friday lauded the Federal Board of Revenue (FBR) for collecting "historic level of tax revenues" during the outgoing fiscal year.

The prime minister said that the performance of the FBR is a testimony to the economic revival brought about by his government's policies.

Prime Minister Imran Khan took to Twitter and wrote, "I commend efforts of FBR in achieving historic level of tax revenues of Rs.4732 bn in 2020-21 - exceeding target of Rs 4691 bn & 18% higher than last year."

https://twitter.com/ImranKhanPTI/status/1410823599565553676

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The FBR went over its tax collection target of Rs4,691bn for the fiscal year 2020-21 and managed to collect Rs4,725bn.

But the FBR didn’t manage to meet its initially envisaged tax collection target of Rs4,963 billion for 2020-21, which was revised downward to Rs4,691 billion in line with the IMF agreement.

Tax collections increased by 18.2% during the financial year, FBR sources told the newspaper.

Last year, the FBR had collected revenue amounting to Rs3997bn.

Web Desk
Web Desk

Daily Pakistan Global Web Desk

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USD to PKR: Pakistani rupee remains stable against dollar amid ongoing talks with IMF

KARACHI – Pakistani rupee, which is facing blows in the open market, remained stable against the US dollar, in the inter-bank market on Wednesday.

The local currency moved slightly upward during the opening hours of trading in the inter-bank market. Before noon, PKR was hovering around 285.22, with a slight increase of Rs0.13.

As the situation remained under control in the interbank market, the rupee hits a fresh record low in the open market and was selling at 315 per dollar.

In a recent development, the IMF mission chief shared positive news, confirming that talks are underway with Pakistani authorities. The resumption of the IMF programme remains important for the crisis-hit country.

https://en.dailypakistan.com.pk/31-May-2023/today-s-currency-exchange-rates-in-pakistan-dollar-euro-pound-riyal-rates-on-may-31-2023

Today's gold rates in Pakistan – May 31 2023

KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 232,300 on Wednesday.The price of 10 grams of 24k gold was recorded at Rs199,160.   

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 232,300 PKR 2,485
Karachi PKR 232,300 PKR 2,485
Islamabad PKR 232,300 PKR 2,485
Peshawar PKR 232,300 PKR 2,485
Quetta PKR 232,300 PKR 2,485
Sialkot PKR 232,300 PKR 2,485
Attock PKR 232,300 PKR 2,485
Gujranwala PKR 232,300 PKR 2,485
Jehlum PKR 232,300 PKR 2,485
Multan PKR 232,300 PKR 2,485
Bahawalpur PKR 232,300 PKR 2,485
Gujrat PKR 232,300 PKR 2,485
Nawabshah PKR 232,300 PKR 2,485
Chakwal PKR 232,300 PKR 2,485
Hyderabad PKR 232,300 PKR 2,485
Nowshehra PKR 232,300 PKR 2,485
Sargodha PKR 232,300 PKR 2,485
Faisalabad PKR 232,300 PKR 2,485
Mirpur PKR 232,300 PKR 2,485

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