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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.

https://twitter.com/MiftahIsmail/status/1520818355250286594

API Response: Twitter / ?

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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. 

https://twitter.com/shaukat_tarin/status/1520825806200705024

API Response: Twitter / ?

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Looks like this page doesn’t exist. Here’s a picture of a poodle sitting in a chair for your trouble.

Looking for this?
A primped poodle with a bow in its hair sitting in a chair like a human.

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

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Today's currency exchange rates in Pakistan - Dollar, Euro, Pound, Riyal rates on June 1, 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 June 1, 2023 (Thursday).

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

Currency Symbol Buying Selling
US Dollar ‎USD 310.9 314.15
Euro EUR 330 333.3
UK Pound Sterling GBP 382.5 386.3
U.A.E Dirham AED 84.8 85.6
Saudi Riyal SAR 82.2 83
Australian Dollar AUD 201 203
Bahrain Dinar BHD 758.25 766.25
Canadian Dollar CAD 227 229.2
China Yuan CNY 40.26 40.66
Danish Krone DKK 41.04 41.44
Hong Kong Dollar HKD 36.39 36.74
Indian Rupee INR 3.45 3.56
Japanese Yen JPY 2.25 2.45
Kuwaiti Dinar KWD 927.17 936.17
Malaysian Ringgit MYR 61.94 62.54
New Zealand Dollar NZD 172.79 174.79
Norwegians Krone NOK 25.67 25.97
Omani Riyal OMR 740.96 748.96
Qatari Riyal ‎QAR 78.37 79.07
Singapore Dollar SGD 220 222
Swedish Korona SEK 26.36 26.66
Swiss Franc CHF 315.04 317.54
Thai Bhat THB 8.21 8.36

Today's gold rates in Pakistan – June 1, 2023

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 230,500 on Thursday. The price of 10 grams of 24k gold was recorded at Rs197,620.   

Likewise, 10 grams of 22k gold were being traded for Rs181,150 while a single tola of 22-karat gold was being sold at Rs 211,290.

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 230,500  PKR 2125
Karachi PKR 230,500  PKR 2125
Islamabad PKR 230,500  PKR 2125
Peshawar PKR 230,500  PKR 2125
Quetta PKR 230,500  PKR 2125
Sialkot PKR 230,500  PKR 2125
Attock PKR 230,500  PKR 2125
Gujranwala PKR 230,500  PKR 2125
Jehlum PKR 230,500  PKR 2125
Multan PKR 230,500  PKR 2125
Bahawalpur PKR 230,500  PKR 2125
Gujrat PKR 230,500  PKR 2125
Nawabshah PKR 230,500  PKR 2125
Chakwal PKR 230,500  PKR 2125
Hyderabad PKR 230,500  PKR 2125
Nowshehra PKR 230,500  PKR 2125
Sargodha PKR 230,500  PKR 2125
Faisalabad PKR 230,500  PKR 2125
Mirpur PKR 230,500  PKR 2125

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