ISLAMABAD - In response to suggestions from the Pakistan Business Council (PBC), the Federal Board of Revenue (FBR) is considering possibilities to levy a withholding tax on withdrawals from a non-filer's bank account that exceed Rs50,000 in a single day.
The revenue board has been asked by the council to levy greater advance taxes on non-filers' luxury purchases, real estate transactions, and energy bills.
For non-filing owners of automobiles 2000cc and up, it has been claimed that the yearly advance income tax amount should be increased to 250,000.
Additionally, it said that non-filers are subject to advance income tax on automobile purchases [under section 231B].
Additionally, it called for raising the advance income tax from Rs1,200,000 to Rs. 2,400,000 on automobiles (2001cc and above) sold by non-filers prior to registration.
When a non-filer's monthly bill is Rs25,000 or higher, domestic connections are required to pay advance tax at a rate of 7.5%.
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 September 25, 2023 (Monday).
Source: Forex Association of Pakistan. (last update 09:00 AM)
|UK Pound Sterling||GBP||372.5||376|
|Hong Kong Dollar||HKD||317||320|
|New Zealand Dollar||NZD||174.23||176.23|
KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 214,700 on Monday. The price of 10 grams of 24k gold was recorded at Rs184,070.
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.
|Lahore||PKR 214,700||PKR 2,590|
|Karachi||PKR 214,700||PKR 2,590|
|Islamabad||PKR 214,700||PKR 2,590|
|Peshawar||PKR 214,700||PKR 2,590|
|Quetta||PKR 214,700||PKR 2,590|
|Sialkot||PKR 214,700||PKR 2,590|
|Attock||PKR 214,700||PKR 2,590|
|Gujranwala||PKR 214,700||PKR 2,590|
|Jehlum||PKR 214,700||PKR 2,590|
|Multan||PKR 214,700||PKR 2,590|
|Bahawalpur||PKR 214,700||PKR 2,590|
|Gujrat||PKR 214,700||PKR 2,590|
|Nawabshah||PKR 214,700||PKR 2,590|
|Chakwal||PKR 214,700||PKR 2,590|
|Hyderabad||PKR 214,700||PKR 2,590|
|Nowshehra||PKR 214,700||PKR 2,590|
|Sargodha||PKR 214,700||PKR 2,590|
|Faisalabad||PKR 214,700||PKR 2,590|
|Mirpur||PKR 214,700||PKR 2,590|