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Saudi Arabia clarifies liquor sale limitation at duty free shops

08:26 PM | 6 Jan, 2023
Saudi Arabia clarifies liquor sale limitation at duty free shops
Source: https://saudigazette.com.sa/article/521217

RIYADH -  Liquor will not be sold at the newly established duty-free markets in Saudi Arabia's entry ports, it has been confirmed.

Saudi Arabia’s Zakat, Tax, and Customs Authority (ZATCA) stated on Friday that according to the rules and requirements for establishing duty-free markets, only goods and products that are permitted to be traded in the Kingdom will be allowed at the duty-free markets.

The authority has set the customs rules, requirements and procedures for establishing duty-free markets at air, sea and land ports, in accordance with the unified customs law for the GCC countries, which includes the conditions related to the operation of duty-free markets, Saudi Gazette reported.

ZATCA highlighted that the decision will contribute to supporting supply chains and enhancing logistical services provided to duty-free markets by providing a wide range of goods and products for travel shopping.

“The duty-free shops will grant additional sales channels to local companies by selling their products to the duty-free operators, which supports and contributes to the promotion of national products,” the authority said.

It has also been clarified that duty-free markets are currently located in the departure terminals of King Abdulaziz International Airport in Jeddah, King Khalid International Airport in Riyadh, King Fahad International Airport in Dammam and Prince Muhammad bin Abdulaziz Airport in Madinah, with plans to expand the markets as needed in air, sea and land ports.

Duty-free markets at customs outlets are those retail outlets which are exempted from customs duties or taxes.

The decision by Riyadh comes days after United Arab Emirates' Dubai ended its 30% tax on alcohol sales besides withdrawing mandatory license fee to buy alcohol.

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan Today - PKR to US Dollar, Euro, Pound, Dirham, and Riyal - 21 April 2024

Pakistani currency remains unchanged against US Dollar and other currencies on April 21, 2024. US dollar was being quoted at 277.5 for buying and 280.5 for selling.

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

UAE Dirham AED was at 75.20 and Saudi Riyal's new rate was at 73.30. 

Today’s currency exchange rates in Pakistan - 21 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.5 280.5
Euro EUR 293 296
UK Pound Sterling GBP 342.5 346
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.55 748.55
Canadian Dollar CAD 201 203
China Yuan CNY 38.47 38.87
Danish Krone DKK 39.78 40.18
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.11 912.11
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.61 25.91
Omani Riyal OMR 723.2 731.2
Qatari Riyal QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.47 307.97
Thai Bhat THB 7.56 7.71

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