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PTI govt to unveil 'mini-budget' today with new taxes

09:17 AM | 18 Sep, 2018
PTI govt to unveil 'mini-budget' today with new taxes
ISLAMABAD - Pakistan Tehreek-e-Insaf-led federal government is set to present a "mini-budget" during a National Assembly session today.

The federal cabinet, in a meeting, has approved amendments to the finance act. The government has planned to impose new taxes, including super tax, in the budget to generate around Rs158 billion for the country.

The government would propose a decrease of Rs450 billion in the wake of the development budget, local media reported.

https://en.dailypakistan.com.pk/headline/live-pml-ns-miftah-ismail-presents-budget-2018-19/

The budget deficit which stands at 6.6 percent would be decreased to 5% by cutting expenditures and development funds in the mini-budget.

A recommendation to bring down the income tax exemption slab from Rs1.2 million to 0.8 million is likely to be proposed in the budget.

Further, the tax exemption slab for other incomes would also be changed to raise the tax collection.

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Today Open Market Currency Rates in Pakistan - Rupee to US Dollar, Euro, Pound, Riyal - 25 May 2024

      
Pakistani currency rates against US Dollar and other currencies on May 25, 2024 (Saturday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.15 for buying and 280.15 for selling.

Euro moved down to 297 for buying and 300 for selling while British Pound rate is 349.5 for buying, and 353 for selling.

UAE Dirham AED was at 75.15 and Saudi Riyal came down to 73.35.

Today’s currency exchange rates in Pakistan - 25 May 2024

Source: Forex Association of Pakistan. (last update 08:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.15 280.15
Euro EUR 297 300
UK Pound Sterling GBP 349.5 353
U.A.E Dirham AED 75.15 75.85
Saudi Riyal SAR 73.35 74.1
Australian Dollar AUD 183 184.8
Bahrain Dinar BHD 740.75 748.75
Canadian Dollar CAD 203 205
China Yuan CNY 38.47 38.87
Danish Krone DKK 40.52 40.92
Hong Kong Dollar HKD 35.68 36.03
Indian Rupee INR 3.35 3.46
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 907.57 916.57
Malaysian Ringgit MYR 59.39 59.99
New Zealand Dollar NZD 170.03 172.03
Norwegian Krone NOK 25.92 26.22
Omani Riyal OMR 723.64 731.64
Qatari Riyal QAR 76.42 77.12
Singapore Dollar SGD 203 205
Swedish Korona SEK 26.02 26.32
Swiss Franc CHF 304.75 307.25
Thai Bhat THB 7.67 7.82

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