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Pakistan set to ban import of used mobile phones

07:45 PM | 23 Nov, 2018
Pakistan set to ban import of used mobile phones
ISLAMABAD – The federal cabinet has set a new deadline to block smuggled and non-compliant mobile phones, Information Minister Ch Fawad Hussain confirmed on Friday.

Information Minister Fawad Chaudhry, after attending the cabinet meeting, said that all those mobile phones smuggled after December 31 will be blocked by the Pakistan Telecommunication Authority (PTA).

However, he added, the mobile phones smuggled before the said date will not be blocked.

The decision has been made to curb the mobile phones smuggling, which is damaging the national economy.

The minister further hinted at imposing a ban on the import of used mobile phones in the South Asian country.

Last month, PTA had directed cellular users to register their phones in order to use them in Pakistan.

However, the authority extends the deadline of implementation of Device Identification Registration and Blocking System (DIRBS) until further notice after the reservations over the verification process by Senate Standing Committee.

https://en.dailypakistan.com.pk/pakistan/pta-asked-to-extend-deadline-for-non-compliant-phones-blockage/

During the financial year 2017-18 Pakistan has imported mobile phones worth of $847.66 million and in the previous financial year the import bill exceeded $1 billion, however, there was no duty on imports from China under the free trade agreement with China and little duty applicable from other countries.

https://en.dailypakistan.com.pk/pakistan/budget-2018-19-imported-smartphones-get-more-expensive-after-additional-taxes/

The government has revised the customs duties on the mobile phones in order to curb the import bills that are damaging the country’s economy. The government has levied regulatory and customs duties on the mobile phone which resulted in the smuggling of mobile phones in the country negatively affecting the government revenues.

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Pakistani rupee registers marginal gain against US Dollar, Euro, Pound, Riyal and Dirham; Check forex rates

Pakistani rupee continued its momentum against the US dollar, and orther currencies in the open market on Thursday, as the local currency also improved in the inter-bank market.

Dollar Rate in Pakistan Today

On Thursday, the US dollar moved down and was being quoted at 283.2 for buying and 286.15 for selling.

Euro comes down to 308 for buying and 311 for selling. British Pound rate dropped to 358.5 for buying, and 362 for selling.

UAE Dirham AED witnessed slight drop and new rate stands at 77.4 whereas the Saudi Riyal remained stable at 76.

Today's currency exchange rates in Pakistan - 7 December 2023

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

Currency Symbol Buying Selling
US Dollar USD 283.2 286.15
Euro EUR 308 311
UK Pound Sterling GBP 358.5 362
U.A.E Dirham AED 77.4 78.1
Saudi Riyal SAR 76 76.8
Australian Dollar AUD 187.2 189
Bahrain Dinar BHD 757.23 765.23
Canadian Dollar CAD 209 211
China Yuan CNY 39.89 40.29
Danish Krone DKK 41.19 41.59
Hong Kong Dollar HKD 36.41 36.76
Indian Rupee INR 3.42 3.53
Japanese Yen JPY 1.39 1.45
Kuwaiti Dinar KWD 921.71 930.71
Malaysian Ringgit MYR 61.02 61.62
New Zealand Dollar NZD 174.54 176.54
Norwegians Krone NOK 26.05 26.35
Omani Riyal OMR 739.62 747.62
Qatari Riyal QAR 78.22 78.92
Singapore Dollar SGD 211 213
Swedish Korona SEK 27.12 27.42
Swiss Franc CHF 324.94 327.44
Thai Bhat THB 8.06 8.21

Gold prices in Pakistan move down despite positive global cues; Check latest rates here

Gold price in Pakistan remained under pressure as the yellow metal moved down despite an upward trend in the international market.

Gold Rates in Pakistan Today - 7 December 2023

On Thursday, the price of a single tola of 24-karat gold stands at Rs217,100 and 10 grams of 24k gold costs Rs186,130. 

Single tola of 22 Karat Gold costs Rs199,000, 21 karat rate for per tola is Rs189,960 and 18k gold rate is Rs162,825.00 for each tola.

In the global market, gold prices hover at around $2026, gaining $8.30 on Thursday.

Today Gold Rate in Pakistan

Today Gold Price in Pakistan (4 September 2023)

City Gold Silver
Lahore PKR 217,100 PKR 2,565
Karachi PKR 217,100 PKR 2,565
Islamabad PKR 217,100 PKR 2,565
Peshawar PKR 217,100 PKR 2,565
Quetta PKR 217,100 PKR 2,565
Sialkot PKR 217,100 PKR 2,565
Attock PKR 217,100 PKR 2,565
Gujranwala PKR 217,100 PKR 2,565
Jehlum PKR 217,100 PKR 2,565
Multan PKR 217,100 PKR 2,565
Bahawalpur PKR 217,100 PKR 2,565
Gujrat PKR 217,100 PKR 2,565
Nawabshah PKR 217,100 PKR 2,565
Chakwal PKR 217,100 PKR 2,565
Hyderabad PKR 217,100 PKR 2,565
Nowshehra PKR 217,100 PKR 2,565
Sargodha PKR 217,100 PKR 2,565
Faisalabad PKR 217,100 PKR 2,565
Mirpur PKR 217,100 PKR 2,565

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