QUETTA – Balochistan government has declared the port city of Gwadar a tax-free zone, as industries in the economic zone get exemptions from services and excise taxes.
Gwadar is located near the Strait of Hormuz and Arabian Sea, which makes it an immense economic and geopolitical significant region and Pakistan continued to transform Gwadar into a major trade hub and an energy corridor, connecting China's western regions to the Arabian Sea.
Baloch leaders and industrialists hailed the government’s recent step, and called on authorities to provide relief in federal taxes.
Senator Kauda Babar commended the government’s move to declare Gwadar a tax-free zone, which according to him will revitalise the true spirit of the flagship CPEC project, boosting activity at the Gwadar port and attracting further investment.
Further establishment of industries in Balochistan city would create job opportunities for Pakistani youth and will bring foreign exchange into cash strapped country.
The development of industrial and special economic zones in the port city is poised to woo foreign investment and promote industrial growth while construction is underway which will improve its connectivity and facilitate the movement of goods and people.
Daily Pakistan Global Web Desk
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 October 1, 2023 (Sunday).
Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency | Symbol | Buying | Selling |
US Dollar | USD | 286.05 | 289.15 |
Euro | EUR | 307 | 310 |
UK Pound Sterling | GBP | 353.3 | 357 |
U.A.E Dirham | AED | 80 | 80.8 |
Saudi Riyal | SAR | 76 | 76.75 |
Australian Dollar | AUD | 189 | 191 |
Bahrain Dinar | BHD | 778.84 | 786.84 |
Canadian Dollar | CAD | 220 | 222.2 |
China Yuan | CNY | 40.24 | 40.64 |
Danish Krone | DKK | 41.83 | 42.23 |
Hong Kong Dollar | HKD | 37.93 | 38.28 |
Indian Rupee | INR | 3.57 | 3.68 |
Japanese Yen | JPY | 1.63 | 1.71 |
Kuwaiti Dinar | KWD | 945.27 | 954.27 |
Malaysian Ringgit | MYR | 62.62 | 63.22 |
New Zealand Dollar | NZD | 174.58 | 176.58 |
Norwegians Krone | NOK | 27.87 | 28.17 |
Omani Riyal | OMR | 762.31 | 770.31 |
Qatari Riyal | QAR | 80.69 | 81.39 |
Singapore Dollar | SGD | 208 | 210 |
Swedish Korona | SEK | 26.62 | 26.92 |
Swiss Franc | CHF | 323.01 | 325.51 |
Thai Bhat | THB | 8.12 | 8.27 |
KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 202,800 on Sunday.
The price of 10 grams of 24k gold was recorded at Rs 173,870.
Likewise, 10 grams of 22k gold were being traded for Rs168,730 while a single tola of 22-karat gold was being sold at Rs196,807.
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 202,800 | PKR 2,420 |
Karachi | PKR 202,800 | PKR 2,420 |
Islamabad | PKR 202,800 | PKR 2,420 |
Peshawar | PKR 202,800 | PKR 2,420 |
Quetta | PKR 202,800 | PKR 2,420 |
Sialkot | PKR 202,800 | PKR 2,420 |
Attock | PKR 202,800 | PKR 2,420 |
Gujranwala | PKR 202,800 | PKR 2,420 |
Jehlum | PKR 202,800 | PKR 2,420 |
Multan | PKR 202,800 | PKR 2,420 |
Bahawalpur | PKR 202,800 | PKR 2,420 |
Gujrat | PKR 202,800 | PKR 2,420 |
Nawabshah | PKR 202,800 | PKR 2,420 |
Chakwal | PKR 202,800 | PKR 2,420 |
Hyderabad | PKR 202,800 | PKR 2,420 |
Nowshehra | PKR 202,800 | PKR 2,420 |
Sargodha | PKR 202,800 | PKR 2,420 |
Faisalabad | PKR 202,800 | PKR 2,420 |
Mirpur | PKR 202,800 | PKR 2,420 |
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