ISLAMABAD – Prime Minister Imran Khan Tuesday launched the Track and Trace System for the sugar sector, developed by the Federal Board of Revenue (FBR).
Addressing the launching ceremony, he said this system will help increase the tax collection. He put emphasis on promoting tax culture in the country to make it financially independent.
He lashed out at the previous government for not focusing on the tax system, adding that past rulers had been spending tax money on their luxuries.
The premier said the technology-based Trace and Track system will ensure utmost transparency in the tax collection and restore the confidence of people.
Speaking on the occasion, PM’s Finance Advisor Shaukat Tarin said seventy-six companies have signed up for the Track and Trace System so far.
He said FBR and NADRA are working jointly to broaden the tax base through the use of modern technology.
Tarin said around fifteen million people have been identified as potential taxpayers.
The FBR's Trace and Track System will ensure electronic monitoring of the production and sale of important sectors including tobacco, fertilizer, sugar and cement sectors.
This will help bring transparency in the system and enhance the country's revenue.
Under the system, no production bag of sugar will be taken out from the factory and manufacturing plant without stamp and individual identity mark.
Pakistani currency continues to gain against US Dollar and other currencies on April 18, 2024. US dollar was being quoted at 277.2 for buying and 280.3 for selling.
Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.
UAE Dirham AED was at 75.25 and Saudi Riyal's new rates was at 73.30.
Currency | Symbol | Buying | Selling |
---|---|---|---|
US Dollar | USD | 277.2 | 280.3 |
Euro | EUR | 293 | 296 |
UK Pound Sterling | GBP | 342.25 | 345.65 |
U.A.E Dirham | AED | 75.25 | 75.95 |
Saudi Riyal | SAR | 73.3 | 74.05 |
Australian Dollar | AUD | 181 | 182.8 |
Bahrain Dinar | BHD | 739.63 | 747.63 |
Canadian Dollar | CAD | 201 | 203 |
China Yuan | CNY | 38.45 | 38.85 |
Danish Krone | DKK | 40.45 | 40.85 |
Hong Kong Dollar | HKD | 35.57 | 35.92 |
Indian Rupee | INR | 3.32 | 3.43 |
Japanese Yen | JPY | 1.86 | 1.94 |
Kuwaiti Dinar | KWD | 902.26 | 912.91 |
Malaysian Ringgit | MYR | 58.24 | 59.52 |
New Zealand Dollar | NZD | 164.75 | 169.63 |
Norwegians Krone | NOK | 25.42 | 25.68 |
Omani Riyal | OMR | 722.1 | 730.1 |
Qatari Riyal | QAR | 76.37 | 77.05 |
Singapore Dollar | SGD | 206 | 208 |
Swedish Korona | SEK | 25.72 | 26.02 |
Swiss Franc | CHF | 307.11 | 309.61 |
Thai Bhat | THB | 7.56 | 7.76 |
Copyright ©2024. Reproduction of this website's content without express written permission from 'Daily Pakistan' is strictly prohibited.