ISLAMABAD – The federal government has imposed 15 percent tax on hotels, guest houses, farmhouses, wedding halls, clubs and catering services within the limits of Islamabad.
The new tax has been proposed in the budget for fiscal year 2023-24 presented by Finance Minister Ishaq Dar on Friday with total outlay of Rs14,460 billion.
The government has proposed five percent tax on payments made through credit cards and mobile wallet QR code and 15% on cash payments at restaurants, coffee shops, food, ice cream parlour and others within the federal.
In this regard, the FBR has proposed amendments to Tax on Services Ordinance, 2001 through the Finance Bill 2023-24.
Meanwhile, the tax rate on the provision of services of software and IT-based system development consultants has been reduced from 16% to 15%, while 15% tax has been imposed on the provision of electric and transmission services.
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 30, 2023 (Saturday).
Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency | Symbol | Buying | Selling |
US Dollar | USD | 286.05 | 289.15 |
Euro | EUR | 307 | 310 |
UK Pound Sterling | GBP | 353.3 | 357 |
U.A.E Dirham | AED | 80 | 80.8 |
Saudi Riyal | SAR | 76 | 76.75 |
Australian Dollar | AUD | 189 | 191 |
Bahrain Dinar | BHD | 778.84 | 786.84 |
Canadian Dollar | CAD | 220 | 222.2 |
China Yuan | CNY | 40.24 | 40.64 |
Danish Krone | DKK | 41.83 | 42.23 |
Hong Kong Dollar | HKD | 37.93 | 38.28 |
Indian Rupee | INR | 3.57 | 3.68 |
Japanese Yen | JPY | 1.63 | 1.71 |
Kuwaiti Dinar | KWD | 945.27 | 954.27 |
Malaysian Ringgit | MYR | 62.62 | 63.22 |
New Zealand Dollar | NZD | 174.58 | 176.58 |
Norwegians Krone | NOK | 27.87 | 28.17 |
Omani Riyal | OMR | 762.31 | 770.31 |
Qatari Riyal | QAR | 80.69 | 81.39 |
Singapore Dollar | SGD | 208 | 210 |
Swedish Korona | SEK | 26.62 | 26.92 |
Swiss Franc | CHF | 323.01 | 325.51 |
Thai Bhat | THB | 8.12 | 8.27 |
KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 205,600 on Saturday.
The price of 10 grams of 24k gold was recorded at Rs 176,270. 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.
City | Gold | Silver |
Lahore | PKR 205,600 | PKR 2,450 |
Karachi | PKR 205,600 | PKR 2,450 |
Islamabad | PKR 205,600 | PKR 2,450 |
Peshawar | PKR 205,600 | PKR 2,450 |
Quetta | PKR 205,600 | PKR 2,450 |
Sialkot | PKR 205,600 | PKR 2,450 |
Attock | PKR 205,600 | PKR 2,450 |
Gujranwala | PKR 205,600 | PKR 2,450 |
Jehlum | PKR 205,600 | PKR 2,450 |
Multan | PKR 205,600 | PKR 2,450 |
Bahawalpur | PKR 205,600 | PKR 2,450 |
Gujrat | PKR 205,600 | PKR 2,450 |
Nawabshah | PKR 205,600 | PKR 2,450 |
Chakwal | PKR 205,600 | PKR 2,450 |
Hyderabad | PKR 205,600 | PKR 2,450 |
Nowshehra | PKR 205,600 | PKR 2,450 |
Sargodha | PKR 205,600 | PKR 2,450 |
Faisalabad | PKR 205,600 | PKR 2,450 |
Mirpur | PKR 205,600 | PKR 2,450 |
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