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SBP bans sale of Rs 40,000 prize bond

07:46 PM | 25 Jun, 2019
SBP bans sale of Rs 40,000 prize bond
KARACHI - The State Bank of Pakistan has banned the sale of Rs40,000 Prize Bonds from Tuesday.

The expiry date for getting cash against these bonds is March 31, 2020 after which the bonds will become useless since they would no longer be included in draws.

The SBP has also directed banks to stop selling old and unregistered Rs.40,000 Prize Bonds.

According to State Bank, the bonds would be converted into Rs.40,000 Premium Prize Bonds and they can also be converted into saving certificates.

Chairman Federal Board of Revenue (FBR) Shabbar Zaidi Saturday said all the prize bonds worth Rs 40,000 would be registered till 2020 as it was mandatory.

The unregistered prize bonds would be considered useless if not registered, he said talking to a private news channel.

The chairman said the prize bonds of Rs 948 billion were still unregistered in the country and hectic efforts were being made to register them.

Terming holding unregistered prize bonds as an unlawful act, he said it was imperative for the prize bonds holders to register them forthwith.

Regarding Amnesty Scheme, he said the present amnesty scheme was focusing to unearth illegal or concealed properties, he added.

He assured that the country’s institutions would not create hurdles for beneficiaries of the scheme. All the assets should be declared under the amnesty scheme, however, unregistered vehicles and jewelry did not come under the ambit of this scheme.

Daily Pakistan Global Web Desk

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Pakistani rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 4 March 2024

Pakistani rupee remains stable against US dollar in the open market on March 4, 2024 (Monday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.3 for buying and 282.45 for selling.

Euro currently stands at 302.5 for buying and 305.5 for selling while British Pound rate stands at 354 for buying, and 359 for selling.

UAE Dirham AED hovers at 76.3 whereas the Saudi Riyal saw slight increase, with new rates at 74.5.

Today’s currency exchange rates in Pakistan - 4 March 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.3 282.45
Euro EUR 302.5 305.5
UK Pound Sterling GBP 354 359
U.A.E Dirham AED 76.3 77
Saudi Riyal SAR 74.5 75.3
Australian Dollar AUD 181 183
Bahrain Dinar BHD 737.97 745.97
Canadian Dollar CAD 207 209.2
China Yuan CNY 38.82 39.22
Danish Krone DKK 40.23 40.63
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.1 2.18
Kuwaiti Dinar KWD 901.62 910.62
Malaysian Ringgit MYR 58.49 59.09
New Zealand Dollar NZD 168.97 170.97
Norwegians Krone NOK 26.54 26.84
Omani Riyal OMR 725.68 733.68
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 207 209
Swedish Korona SEK 27.13 27.43
Swiss Franc CHF 314.07 316.57
Thai Bhat THB 7.74 7.89

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