ISLAMABAD – The federal government is mulling over proposal to impsoe excise duty on airline tickets for business class, it has emerged.
Reports in the local media suggest that the Pakistani government is trying to shore up its resources and for the same purpose it is brainstorming imposition of excise tax for international travel through business class.
"17 percent excise duty would be imposed on all international incoming and outgoing passengers travelling through business class," the Express News reported citing its sources.
It has also been revealed that club, business and first class would have to pay the duty and the government would be collecting Rs 50,000 in lieu of federal excise duty from purchase of all international air tickets by consumers.
The proposal to tax travelers is still in the works and a final decision in this regard would be made as soon as government finalises the deal with International Monetary Fund (IMF).
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 March 22, 2023 (Wednesday).
Source: Forex Association of Pakistan. (last update 09:00 AM)
|UK Pound Sterling||GBP||344.5||348|
|Hong Kong Dollar||HKD||35.9||36.25|
|New Zealand Dollar||NZD||176.66||178.66|
KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 202,400 on Wednesday. The price of 10 grams of 24k gold was recorded at Rs173,500.
Likewise, 10 grams of 22k gold were being traded for Rs163,624 while a single tola of 22-karat gold was being sold at Rs 190,880.
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.
|Lahore||PKR 202,400||PKR 2,375|
|Karachi||PKR 202,400||PKR 2,375|
|Islamabad||PKR 202,400||PKR 2,375|
|Peshawar||PKR 202,400||PKR 2,375|
|Quetta||PKR 202,400||PKR 2,375|
|Sialkot||PKR 202,400||PKR 2,375|
|Attock||PKR 202,400||PKR 2,375|
|Gujranwala||PKR 202,400||PKR 2,375|
|Jehlum||PKR 202,400||PKR 2,375|
|Multan||PKR 202,400||PKR 2,375|
|Bahawalpur||PKR 202,400||PKR 2,375|
|Gujrat||PKR 202,400||PKR 2,375|
|Nawabshah||PKR 202,400||PKR 2,375|
|Chakwal||PKR 202,400||PKR 2,375|
|Hyderabad||PKR 202,400||PKR 2,375|
|Nowshehra||PKR 202,400||PKR 2,375|
|Sargodha||PKR 202,400||PKR 2,375|
|Faisalabad||PKR 202,400||PKR 2,375|
|Mirpur||PKR 202,400||PKR 2,375|
Copyright ©2023. Reproduction of this website's content without express written permission from 'Daily Pakistan' is strictly prohibited.