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Pakistan to further tighten noose on non-filers by blocking bank accounts

11:08 AM | 26 Jun, 2024
Pakistan to further tighten noose on non-filers by blocking bank accounts
Source: File Photo

ISLAMABAD – Pakistani authorities are reportedly making changes to Finance Bill 2024 that will allow help government to block bank accounts of non-filers.

A report shared by local publication claimed that the proposal to freeze non-filers' bank accounts was initially part of the original Finance Bill 2024, but it is yet to get final nod.

The incumbent authorities are now reviving plan and intend to include it in the amended version of the bill.

Under the new legislation, FBR will issue an income tax general order (ITGO) listing the names of non-filers, and bank accounts of non filers will be blocked after a quick process.

It was reported that non-filers will still be able to deposit money into their accounts, they will be prohibited from withdrawing funds until they are listed on the Active Taxpayers List (ATL) by filing their tax returns.

The new stern measures are part of the government’s efforts to broaden the tax net and encourage greater tax compliance among the masses.

Earlier, Pakistan blocked SIM cards of more than half million Pakistanis for not filing tax returns. The move remained successful as several people filed taxes to unblock their Sim cards.

Daily Pakistan Global Web Desk

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Today Open Market Currency Rates - Pakistani Rupee to US Dollar, Euro, Pound, Riyal - 30 June 2024

Pakistani rupee rates against US Dollar and other currencies on June 30, 2024 (Sunday) in open market.

USD to PKR Rate Today

US dollar was being quoted at 277.5 for buying and 280.65 for selling.

Euro's buying rate stands at 293.5 and selling rate is 297.2 while British Pound rate is 349 for buying, and 352.55 for selling.

UAE Dirham AED was at 74.9 and Saudi Riyal at 73.

Currency Rates in Pakistan

Currency Symbol Buying Selling
US Dollar USD 277.5 280.65
Euro EUR 293.5 297
UK Pound Sterling GBP 349 352.55
U.A.E Dirham AED 74.9 75.7
Saudi Riyal SAR 73 73.8
Australian Dollar AUD 182.2 184
Bahrain Dinar BHD 740.56 748.56
Canadian Dollar CAD 203 205
China Yuan CNY 38.32 38.72
Danish Krone DKK 39.87 40.27
Hong Kong Dollar HKD 35.66 36.01
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.9 1.98
Kuwaiti Dinar KWD 907.51 916.51
Malaysian Ringgit MYR 59.13 59.73
New Zealand Dollar NZD 169.22 171.22
Norwegians Krone NOK 26.38 26.68
Omani Riyal OMR 723.24 731.24
Qatari Riyal QAR 76.5 77.2
Singapore Dollar SGD 202 204
Swedish Korona SEK 26.34 26.64
Swiss Franc CHF 311.34 313.84
Thai Bhat THB 7.58 7.73

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