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FBR DC bears the brunt of raid on PTI candidate's factory ahead of Senate elections

01:42 PM | 18 Feb, 2021
FBR DC bears the brunt of raid on PTI candidate's factory ahead of Senate elections

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.

Daily Pakistan Global Web Desk

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Pakistani rupee exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 18 May 2024 Forex Rates

Pakistani currency rates against US Dollar and other currencies on May 18, 2024 (Saturday) in open market.

USD to PKR rate today

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.

Today’s currency exchange rates in Pakistan - 18 May 2024

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