ISLAMABAD - The Federal Board of Revenue (FBR) has started a massive drive for the recovery of taxes from 169 big and influential tax evaders.
According to FBR, the crackdown on the high-value targets has been launched on the instruction of Federal Minister for Finance Asad Umar as part of the government's efforts to widen the tax net.
https://twitter.com/PTIofficial/status/1047125152591298560
In the first phase, strict action is being taken against 169 tax evaders and non-filers with a proven trail of large business transactions and financial deals made by them in recent times.
All such tax evaders have been identified by the FBR and are being proceeded against for recovery of payable tax besides being subjected to heavy fines and penalties for failing to fulfil their tax obligations.
The FBR has also decided to start the action, in a phased manner, against all those tax evaders who have purchased properties over 20 million rupees, or purchased 1800 CC or larger engine cars, or received rent to the tune of 10 million rupees or more in a year but have not filed their tax returns.
The drive for the recovery of tax from these big tax evaders is being launched across Pakistan without any discrimination.
The FBR has further warned the tax evaders to file their tax returns and pay their due taxes within the due date as the government is committed to reviving the national economy by introducing and promoting a healthy tax culture under which all Pakistanis pay their due taxes and contribute to the socioeconomic development of the country.
The writer is a staff member. He has been affiliated with Pakistan's leading English newspapers and worked as News Producer at FM 107.4. Death (as...he believes...life is a station, and death is a longest journey from seen to unseen world), Rain, and winter's Full Moon 'Jarray ki Chandani' always fascinate him too much.
Pakistani rupee rates against US Dollar and other currencies on May 7, 2024 Tuesday in open market.
US dollar was being quoted at 277.4 for buying and 280.4 for selling.
Euro stands at 295.7 for buying and 298.65 for selling while British Pound rate is 345 for buying, and 348.5 for selling.
UAE Dirham AED was at 75.05 and Saudi Riyal's comes down to 73.25.
Currency | Symbol | Buying | Selling |
---|---|---|---|
US Dollar | USD | 277.4 | 280.4 |
Euro | EUR | 295.7 | 298.65 |
UK Pound Sterling | GBP | 345 | 348.5 |
U.A.E Dirham | AED | 75.05 | 75.8 |
Saudi Riyal | SAR | 73.25 | 74 |
Australian Dollar | AUD | 180 | 182 |
Bahrain Dinar | BHD | 739.99 | 747.99 |
Canadian Dollar | CAD | 203 | 205 |
China Yuan | CNY | 38.43 | 38.83 |
Danish Krone | DKK | 40.16 | 40.56 |
Hong Kong Dollar | HKD | 35.61 | 35.96 |
Indian Rupee | INR | 3.34 | 3.45 |
Japanese Yen | JPY | 1.91 | 1.99 |
Kuwaiti Dinar | KWD | 905.3 | 914.3 |
Malaysian Ringgit | MYR | 58.71 | 59.31 |
New Zealand Dollar | NZD | 167.23 | 169.23 |
Norwegians Krone | NOK | 25.57 | 25.87 |
Omani Riyal | OMR | 722.7 | 730.7 |
Qatari Riyal | QAR | 76.44 | 77.14 |
Singapore Dollar | SGD | 204.65 | 206.65 |
Swedish Korona | SEK | 25.79 | 26.09 |
Swiss Franc | CHF | 307.34 | 309.84 |
Thai Bhat | THB | 7.56 | 7.71 |
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