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SBP appoints BOP its agent for collecting receipts, taxes of Punjab

08:10 PM | 11 Apr, 2016
SBP appoints BOP its agent for collecting receipts, taxes of Punjab
KARACHI (Web Desk/APP):- State Bank of Pakistan (SBP) has appointed Bank of Punjab (BOP) as its agent for collecting provincial receipts and taxes of Government of Punjab (GoP).

The signing ceremony held here on Monday, said SBP statement. The appointment is a part of SBP's strategy to facilitate the Federal and Provincial Governments in improving their tax collection system.

This would diversify tax payment options for the tax payers, introduce much needed competition in Governments' tax collection business and thus will improve the service quality of banks engaged in government tax collection business.

Speaking on the occasion, SBP's Executive Director, Syed Irfan Ali said that State Bank, being banker to the Federal and Provincial Governments, was fully committed to provide efficient, competitive and state-of-the-art banking services to the governments either by itself or through its agencies across the country.

He expressed his optimism that inclusion of BOP will give a boost to the provincial government's efforts to facilitate tax payers in payment of government dues and taxes.

He said, based on the experience of BOP, similar arrangements would be made with other provincial governments to collect their taxes through banks of their choice.

BOP's President Naeemuddin Khan thanked SBP and Federal Government for posing confidence for collecting the Punjab Government taxes.

He said that the agency agreement with SBP was a major milestone achieved and assured that the customer facilitation and convenience will be the hallmark of the BOP's agency business, which would set new standards for the industry to follow.

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Pakistani rupee exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 9 Dec 2023

Pakistani rupee remains largely stable against the US dollar, and other currencies in the open market on Saturday.

Dollar Rate in Pakistan Today

On Saturday, the US dollar was being quoted at 283.4 for buying and 285.95 for selling.

Euro comes down to 307 for buying and 310 for selling. British Pound rate remains unchanged at 358.5 for buying, and 362 for selling.

UAE Dirham AED witnessed slight drop and new rate stands at 77.2 whereas the Saudi Riyal remained stable at 76.

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

Currency Symbol Buying Selling
US Dollar USD 283.4 285.95
Euro EUR 307 307
UK Pound Sterling GBP 358.5 362
U.A.E Dirham AED 77.2 78
Saudi Riyal SAR 76 76.8
Australian Dollar AUD 187.2 189
Bahrain Dinar BHD 755.82 763.82
Canadian Dollar CAD 209 211
China Yuan CNY 39.82 40.22
Danish Krone DKK 41.14 41.54
Hong Kong Dollar HKD 36.37 36.72
Japanese Yen JPY 3.41 3.52
Kuwaiti Dinar KWD 922.14 931.14
Malaysian Ringgit MYR 60.82 61.42
New Zealand Dollar NZD 175.33 177.33
Norwegians Krone NOK 26.12 26.42
Omani Riyal OMR 738.71 746.71
Qatari Riyal QAR 78.07 78.77
Singapore Dollar SGD 211 213
Swedish Korona SEK 27.32 27.62
Swiss Franc CHF 324.5 327
Thai Bhat THB 8.08 8.23

Gold remains under pressure in Pakistan; Check today gold rates here

Gold prices witnessed negative trend in local markets in line with the trend in the international market.

Gold Rates in Pakistan Today - 9 December 2023

On Saturday, the price of a single tola of 24-karat gold stands at Rs217,600, and 10 grams of 24k gold costs Rs186,560.

Single tola of 22 Karat Gold price costs Rs199,465, 21 karat rate per tola costs Rs190, 400 and 18k gold rate is Rs163,200.00 for each tola.

In the global market, gold prices hovers around $2,004 per ounce, after drop of $23.35 on Saturday.

Today Gold Rate in Pakistan

City Gold Silver
Lahore PKR 217,600 PKR 2,530
Karachi PKR 217,600 PKR 2,530
Islamabad PKR 217,600 PKR 2,530
Peshawar PKR 217,600 PKR 2,530
Quetta PKR 217,600 PKR 2,530
Sialkot PKR 217,600 PKR 2,530
Attock PKR 217,600 PKR 2,530
Gujranwala PKR 217,600 PKR 2,530
Jehlum PKR 217,600 PKR 2,530
Multan PKR 217,600 PKR 2,530
Bahawalpur PKR 217,600 PKR 2,530
Gujrat PKR 217,600 PKR 2,530
Nawabshah PKR 217,600 PKR 2,530
Chakwal PKR 217,600 PKR 2,530
Hyderabad PKR 217,600 PKR 2,530
Nowshehra PKR 217,600 PKR 2,530
Sargodha PKR 217,600 PKR 2,530
Faisalabad PKR 217,600 PKR 2,530
Mirpur PKR 217,600 PKR 2,530

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