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Budget 2022-23: No tax to be imposed on YouTubers, clarify Pakistan ministers

01:54 PM | 8 Jun, 2022
Budget 2022-23: No tax to be imposed on YouTubers, clarify Pakistan ministers
Source: PID

ISLAMABAD – The federal government has rejected reports of imposing tax on people making earnings from YouTube and other social media platforms. 

Federal Information Minister Marriyum Aurangzeb and Finance Minister Miftah Ismail told media that no such proposals are on the cards for upcoming budget for fiscal year 2022-23.

The PML-N led coalition government is going to unveil its first budget after the ouster of former prime minister Imran Khan amid increasing pressure on national economy. 

Rumours about taxing YouTubers and freelancers are surfaced at a time when the government is making all-out efforts, including hiking fuel and power prices, to revive the stalled $6 billion International Monetary Fund (IMF) loan programme.

Both ministers termed the reports baseless, stating that the government wanted to provide more support to the peopled linked to online businesses. 

They said that amicable environment will help them expand their businesses that can bring billions of dollars to the cash-strapped country.

Daily Pakistan Global Web Desk

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Pakistani rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 27 Feb 2024

Pakistani currency remains largely stable against US dollar in the open market on February 27, 2024 (Tuesday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.4 for buying and 282.3 for selling.

Euro currently stands at 303 for buying and 306 for selling while British Pound rate stands at 351.5 for buying, and 355 for selling.

UAE Dirham AED hovers at 76 whereas the Saudi Riyal saw slight increase, with new rates at 76.7.

Today’s currency exchange rates in Pakistan - 27 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.4 282.3
Euro EUR 303 306
UK Pound Sterling GBP 351.5 355
U.A.E Dirham AED 76 76.7
Saudi Riyal SAR 74.2 75
Australian Dollar AUD 181 183
Bahrain Dinar BHD 742.91 750.91
Canadian Dollar CAD 207 209
China Yuan CNY 38.82 39.22
Danish Krone DKK 40.56 40.96
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 905.46 914.46
Malaysian Ringgit MYR 58.49 59.09
New Zealand Dollar NZD 173.05 175.05
Norwegians Krone NOK 26.36
 
26.66
Omani Riyal OMR 725.54 733.54
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 207 209
Swedish Korona SEK 27.04 27.34
Swiss Franc CHF 317 319.5
Thai Bhat THB 7.76 7.91

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