Tarin takes a jibe at Miftah for removing FBR chairman despite record revenue collection

Web Desk 02:17 PM | 2 May, 2022
Tarin takes a jibe at Miftah for removing FBR chairman despite record revenue collection
Source: Twitter

ISLAMABAD – Minister for Finance and Revenue, Miftah Ismail has appreciated the Federal Board of Revenue (FBR) for achieving 28.7 percent growth in revenue collection during July 2021 to April 2022.

In a couple of tweet, he said that the top tax body collected Rs5,122 billion in current fiscal year, up from Rs3,981 billion during same period of last year.

“Refunds of Rs 264 b disbursed during Jul 21-Apr 22 compared to Rs 203 b paid last year, up by 30.1%. The FBR team deserves appreciation,” he wrote. 

However, he pointed out that an increase in tax collection was witnessed due to surge in imports of Pakistan. 

“A big factor in the increase however was increased imports. For instance, sales tax at import stage grew by 58% while it declined by 2% for local goods,” he explained.

Miftah hoped that the new team of FBR will perform better by adopting right mix of policies and tools. 

Last week, the federal government appointed Asim Ahmed as new chairman of FBR, replacing Ashfaq Ahmed, who had been appointed during PTI’s tenure. 

Reacting to Miftah's appreciation for tax collection body, former finance minister Shaukat Tarin said that the FBR chairman should not be changed if the department has performed a good job. 

“Miftah Bhai, if FBR has done such a good job, you should not have changed its Chairman,” Tarin wrote on Twitter.

Web Desk
Web Desk

Daily Pakistan Global Web Desk


Today's currency exchange rates in Pakistan - Dollar, Euro, Pound, Riyal rates on March 27, 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 27, 2023 (Monday).

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

Currency Symbol Buying Selling
US Dollar ‎USD 283.1 286.15
Euro EUR 304 307
UK Pound Sterling GBP 345.5 349
U.A.E Dirham AED 77.2 78
Saudi Riyal SAR 75.4 76.2
Australian Dollar AUD 187 189.4
Bahrain Dinar BHD 751.6 759.6
Canadian Dollar CAD 205 207.2
China Yuan CNY 41.44 41.84
Danish Krone DKK 41.31 41.71
Hong Kong Dollar HKD 35.92 36.27
Indian Rupee INR 3.41 3.52
Japanese Yen JPY 2.06 2.11
Kuwaiti Dinar KWD 923.62 932.61
Malaysian Ringgit MYR 62.85 63.45
New Zealand Dollar NZD 177.56 179.56
Norwegians Krone NOK 26.33 23.64
Omani Riyal OMR 731.97 739.97
Qatari Riyal ‎QAR 77.43 78.13
Singapore Dollar SGD 208 210
Swedish Korona SEK 26.5 26.8
Swiss Franc CHF 308.97 311.47
Thai Bhat THB 8.3 8.45

Today's gold rates in Pakistan – 27 March 2023

KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 204,800 on Monday. The price of 10 grams of 24k gold was recorded at Rs175,590.   

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 204,800 PKR 2,470
Karachi PKR 204,800 PKR 2,470
Islamabad PKR 204,800 PKR 2,470
Peshawar PKR 204,800 PKR 2,470
Quetta PKR 204,800 PKR 2,470
Sialkot PKR 204,800 PKR 2,470
Attock PKR 204,800 PKR 2,470
Gujranwala PKR 204,800 PKR 2,470
Jehlum PKR 204,800 PKR 2,470
Multan PKR 204,800 PKR 2,470
Bahawalpur PKR 204,800 PKR 2,470
Gujrat PKR 204,800 PKR 2,470
Nawabshah PKR 204,800 PKR 2,470
Chakwal PKR 204,800 PKR 2,470
Hyderabad PKR 204,800 PKR 2,470
Nowshehra PKR 204,800 PKR 2,470
Sargodha PKR 204,800 PKR 2,470
Faisalabad PKR 204,800 PKR 2,470
Mirpur PKR 204,800 PKR 2,470


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