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Tax rates for filers, non-filers in Pakistan

07:04 PM | 3 Apr, 2024
Tax rates for filers, non-filers in Pakistan
Source: File Photo

ISLAMABAD – The federal and provincial governments collects various taxes ranging from property, vehicle to bank transactions. 

Authorities offer different slabs of tax rate for filers and non-filers as additional amount is recovered from the latter for not being a registered taxpayer. 

The higher tax rate for non-filers aims at encouraging them to join the tax base in order to avail various facilities, including minimal taxes, as a taxpayer. 

Following are the most common tax rates for both filer and non-filers:

Tax Filer Non-Filer
Bank transaction of Rs50,000 or above  0% 0.6%
International Transaction thru Debit or Credit Cards  2% 10%
Buying Property  3% 10.5%
Selling Property  3% 6%
Profit on Savings Account  15% 30%
Tax on Prize Bond amount  15% 30%
Car lease from banks 0% 12%
Commission Tax 12% 24%
Electricity bill above Rs25,000 0% 7.5%
Rent income  5-25% 10-50%
Buying car or Registration  10k-500k 30k-1500k
Vehicle Token tax  800-10000 1600-20000

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Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 18 April 2024

Pakistani currency continues to gain against US Dollar and other currencies on April 18, 2024. US dollar was being quoted at 277.2 for buying and 280.3 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 18 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.2 280.3
Euro EUR 293 296
UK Pound Sterling GBP 342.25  345.65 
U.A.E Dirham AED 75.25  75.95
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 739.63 747.63
Canadian Dollar CAD 201 203
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.32 3.43
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.26 912.91
Malaysian Ringgit MYR 58.24 59.52
New Zealand Dollar NZD 164.75 169.63
Norwegians Krone NOK 25.42 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.37 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.56 7.76

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