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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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Pakistani rupee rate against US Dollar, Euro, Pound, Riyal - Check 20 April forex rates

Pakistani currency remains marginally same against US Dollar and other currencies on April 20, 2024. US dollar was being quoted at 277.5 for buying and 280.5 for selling.

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

UAE Dirham AED was at 75.25 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 20 April 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
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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