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What are other options for FBR against tax evaders as PTA opposes blocking SIMs?

09:03 AM | 5 May, 2024
What are other options for FBR against tax evaders as PTA opposes blocking SIMs?

ISLAMABAD – Pakistan Telecommunication Authority (PTA) has turned down proposal to block mobile SIMs for tax evaders, and it urged the Federal Board of Revenue (FBR) to consider other measures. 

The stern measure was proposed as apex tax collection authorities tightened the noose against non-filers. In its response, the national telecom authority argued that SIMs registered under women and children's names were often used by men.

It also claimed that blocking SIMs would negatively impact digital transformation and investment.

FBR initially identified 2 million potential tax evaders, but mobile phone companies requested to phase the SIM blocking due to the large number involved. 

'FBR to cut off utility connections'

Federal Board of Revenue earlier proposed shutting down electricity and gas connections of those who do not file income tax returns.

FBR has established 145 District Tax Offices which will focus on bringing 1.5 to 2 million new taxpayers into the tax net till June 2024.

The stringent measures were being considered to broaden tax base and ultimately raise the tax-to-GDP ratio to a desired level. These offices would be headed by District Tax Officers entrusted with the responsibility of enforcing Income Tax Returns from non-filers and stop filers.

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan Today - Pak Rupee to US Dollar, Euro, Dirham, Riyal 17 May 2024

Pakistani currency rates against US Dollar and other currencies on May 16, 2024 (Friday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.25 for buying and 280.05 for selling.

Euro stands at 296.25 for buying and 299 for selling while British Pound rate is 344.5 for buying, and 348 for selling.

UAE Dirham AED was at 75.15 and Saudi Riyal came down to 73.50.

Today’s currency exchange rates in Pakistan - 17 May 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar ‎USD 277.25 280.05
Euro EUR 296.25 299
UK Pound Sterling GBP 344.5 348
U.A.E Dirham AED 75.15 75.9
Saudi Riyal SAR 73.50 74.2
Australian Dollar AUD 180.5 182.2
Bahrain Dinar BHD 739.77 747.77
Canadian Dollar CAD 203 205
China Yuan CNY 38.49 38.89
Danish Krone DKK 40.25 40.65
Hong Kong Dollar HKD 35.61 35.96
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 904.28 913.28
Malaysian Ringgit MYR 58.69 59.29
New Zealand Dollar NZD 167.45 169.45
Norwegians Krone NOK 25.67 25.95
Omani Riyal OMR 722.59 730.59
Qatari Riyal ‎QAR 76.41 77.11
Singapore Dollar SGD 203 205
Swedish Korona SEK 25.67 25.97
Swiss Franc CHF 306.51 309.01
Thai Bhat THB 7.57 7.72

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