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Tax reforms on agenda as IMF technical experts’ delegation arrives in Pakistan 

01:19 PM | 27 Nov, 2023
Tax reforms on agenda as IMF technical experts’ delegation arrives in Pakistan 
Source: File Photo

ISLAMABAD – International Monetary Fund (IMF) delegation comprising tax experts have reached Pakistan to discuss the tax net and to enhance tax revenue.

Reports in local media said the technical experts’ delegation will hold consultations with the Federal Board of Revenue (FBR) over the taxation policy for about one week

The technical team of global lender will meet officials of apex tax collection authority, caretaker Finance Minister Shamshad Akhtar. 

During their week-long stay in South Asian nation, IMF members will discuss new strategy for increasing revenue collection and broadening tax net. Several changes to the tax policy in detail and the changes could be added to the budget in 2024, per reports.

With latest changes, the incumbent government is planning to add another 8-10 lac tax payers to the net, taking the total number of tax payers to 6 million.

Furthermore, the visiting delegation will discuss basic structure of scheme to collect more taxes from retail sector which has traditionally resisted attempts to be brought into the tax net.

Daily Pakistan Global Web Desk

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Pakistani rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 27 Feb 2024

Pakistani currency remains largely stable against US dollar in the open market on February 27, 2024 (Tuesday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.4 for buying and 282.3 for selling.

Euro currently stands at 303 for buying and 306 for selling while British Pound rate stands at 351.5 for buying, and 355 for selling.

UAE Dirham AED hovers at 76 whereas the Saudi Riyal saw slight increase, with new rates at 76.7.

Today’s currency exchange rates in Pakistan - 27 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.4 282.3
Euro EUR 303 306
UK Pound Sterling GBP 351.5 355
U.A.E Dirham AED 76 76.7
Saudi Riyal SAR 74.2 75
Australian Dollar AUD 181 183
Bahrain Dinar BHD 742.91 750.91
Canadian Dollar CAD 207 209
China Yuan CNY 38.82 39.22
Danish Krone DKK 40.56 40.96
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 905.46 914.46
Malaysian Ringgit MYR 58.49 59.09
New Zealand Dollar NZD 173.05 175.05
Norwegians Krone NOK 26.36
 
26.66
Omani Riyal OMR 725.54 733.54
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 207 209
Swedish Korona SEK 27.04 27.34
Swiss Franc CHF 317 319.5
Thai Bhat THB 7.76 7.91

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