ISLAMABAD – A raid on a counterfeit cigarette factory allegedly owned by Faisal Saleem, Pakistan Tehreek e Insaf (PTI) candidate for Senate election, has cost a Federal Board of Revenue officer dearly.
Arshad Abbasi, Deputy Commissioner of FBR-Peshawar, had reportedly sealed a factory owned by ruling party leader Faisal Saleem after conducting the raid this week.
Soon after the action, the authorities transferred Abbasi from Peshawar to Quetta.
Earlier, a report revealed that federal tax regulators faced difficulties to pursue a tax evasion case against the cigarette company.
A squad was formed under Sales Tax Act 1990 and Federal Excise Act 2005 to take action and a notice was served to the company. Later, political pressure withdrew the notification.
Faisal Saleem, who was the vice-chairman of the Khyber Pakhtunkhwa Board of Investment and Trade (KP-BOIT), had alleged that FBR was blackmailing him. He had denied owning the illegal cigarette company while the FBR’s stance was that the factory was being run by a company, registered in Mardan and owned by the family of Faisal Saleem.
Pakistani currency rates against US Dollar and other currencies on May 18, 2024 (Saturday) in open market.
US dollar was being quoted at 277.4 for buying and 280.35 for selling.
Euro stands at 297 for buying and 299.5 for selling while British Pound rate is 348.5 for buying, and 352 for selling.
UAE Dirham AED was at 75.25 and Saudi Riyal came down to 73.50.
Currency | Symbol | Buying | Selling |
---|---|---|---|
US Dollar | USD | 277.4 | 280.35 |
Euro | EUR | 297 | 299.5 |
UK Pound Sterling | GBP | 348.5 | 352 |
U.A.E Dirham | AED | 75.25 | 76 |
Saudi Riyal | SAR | 73.5 | 74.25 |
Australian Dollar | AUD | 181 | 183 |
Bahrain Dinar | BHD | 747.77 | 755.77 |
Canadian Dollar | CAD | 203 | 205 |
China Yuan | CNY | 38.49 | 38.89 |
Danish Krone | DKK | 40.25 | 40.65 |
Hong Kong Dollar | HKD | 35.96 | 36.31 |
Indian Rupee | INR | 3.33 | 3.44 |
Japanese Yen | JPY | 1.91 | 1.99 |
Kuwaiti Dinar | KWD | 913.28 | 922.28 |
Malaysian Ringgit | MYR | 58.69 | 59.29 |
New Zealand Dollar | NZD | 169.45 | 171.45 |
Norwegians Krone | NOK | 25.67 | 25.97 |
Omani Riyal | OMR | 730.59 | 738.59 |
Qatari Riyal | QAR | 76.41 | 77.11 |
Singapore Dollar | SGD | 203 | 205 |
Swedish Korona | SEK | 25.67 | 25.97 |
Swiss Franc | CHF | 309.01 | 311.51 |
Thai Bhat | THB | 7.57 | 7.72 |
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