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Pakistan Customs defying orders by asking for cash payments in Multan auction

03:45 PM | 10 Dec, 2021
Pakistan Customs defying orders by asking for cash payments in Multan auction

LAHORE – Pakistan Customs has flouted the rules set by the government of Pakistan in an upcoming tender to be held in Federal Board of Revenue (FBR) house Islamabad.

The auction to be held under the supervision of the Auction Committee asked the bidders to deposit 25 percent of the bid amount in cash as earnest money immediately after completion of the bidding.

The tender notice further cited that the balance amount including duties or taxes will be deposited within ten days of the auction, failing which the 25 percent amount will be forfeited the person will be declared as ineligible with prior approval of the competent authority.

It is pertinent to mention that asking for cash payment is unlawful as per the rules set by the incumbent authorities and the department can be reported and reprimanded in case of violation.

The government of Pakistan has directed all departments to get payments through secure, transparent, and convenient digital channels as the digitization of payments reduced leakages, resulting in more income for the authorities.

When the relevant officials were contacted about the matter by the publication, they refused to comment.  

Daily Pakistan Global Web Desk

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PKR exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 13 April 2024 Forex Rates

Pakistani currency remains largely same against US dollar and other currencies in open market on April 13, 2024.

US Dollar rate in Pakistan

On Saturday, the US dollar was being quoted at 277.4 for buying and 280.65 for selling.

Euro was quoted at 299.95 for buying and 302.9 for selling while British Pound stands at 349.5 for buying, and 353 for selling.

UAE Dirham AED was at 75.45 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 12 April 2024

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