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FBR rejects reports about duty free import of bullet proof vehicles

09:15 PM | 24 Sep, 2022
FBR rejects reports about duty free import of bullet proof vehicles
Source: File Photo

ISLAMABAD – Federal Board of Revenue has categorically denied reports that it has issued any SRO allowing taxes and duty free import of bullet proof vehicles.

In a tweet on Saturday, a spokesperson of FBR recalled that the Federal Cabinet had allowed such facility in 2019 but clarified that no notification to this effect has been issued so far.

The response comes as some media portals claimed that duty free import of luxury vehicles has been allowed by the Prime Minister Shehbaz Sharif’s cabinet.

The reports sparked massive online criticism as people started slamming the government for relaxing the rules to facilitate handful persons at a time when the country is facing devastation floods.

Flash floods triggered by abnormal monsoon rains have so far killed more than 1,500 people across the country, besides displacing thousands of people.

Over 33 million were affected by the floods that has incurred losses worth $30 million on the Pakistan’s economy which is already under pressure due to declining value of the rupee.

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Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 18 April 2024

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. 

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

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

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