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Latest update here for extension in date of income tax return filing

10:14 AM | 2 Nov, 2023
Latest update here for extension in date of income tax return filing
Source: File Photo

LAHORE – The country’s apex tax collection authority, the Federal Board of Revenue (FBR), has announced that there will be no extension of the deadline for submitting income tax returns as a one-month extension was given, which expired by the end of October.

FBR earlier announced October 30 as the last date for filing income tax returns and now the date has not been extended.

Media reports suggest that 29 lac Pakistanis filed their income tax returns, while business community officials called on tax collection authority to consider a one-month extension, in relief for those people who failed to follow the deadline amid economic hardships.

Pakistan Tax Bar Association (PTBA) said an extension in deadline would assist individuals in fulfilling their tax obligations besides helping increase in number of active tax filers.

Amid the requests from concerned people, FBR has denied giving additional time to file income tax returns. Taxpayers are advised to follow the deadline to avoid any penalties or legal consequences.

As of the first four months of FY23-24, FBR collected an impressive Rs2748 billion in revenue, the amount surpasses the set revenue target of Rs2682 billion.

Daily Pakistan Global Web Desk

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Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal - 22 February 2024

Pakistani rupee remains stable against US dollar and other currencies in the open market on February 22, 2024 (Thursday)

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.6 for buying and 282.4 for selling.

Euro comes down to 300.2 for buying and 303.2 for selling while British Pound rate stands at 350.6 for buying, and 354.1 for selling.

UAE Dirham AED hovers at 76.2 whereas the Saudi Riyal saw slight increase, with new rates at 74.45.

Today’s currency exchange rates in Pakistan - 22 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.6 282.4
Euro EUR 300.2 303.2
UK Pound Sterling GBP 350.6 354.1
U.A.E Dirham AED 76.2 76.95
Saudi Riyal SAR 74.45 75.2
Australian Dollar AUD 181.15 183.15
Bahrain Dinar BHD 743.32 751.32
Canadian Dollar CAD 207.15 209.15
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.74 36.09
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 902.41 911.41
Malaysian Ringgit MYR 58.6 59.2
New Zealand Dollar NZD 171.68 173.68
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 725.96 733.96
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207.1 209.1
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 316.9 319.4
Thai Bhat THB 7.93 8.08

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