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Pakistani rupee steady against US dollar in interbank market

By News Desk

February 1, 2024 12:25 PM


Pakistani rupee steady against US dollar in interbank market

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The Pakistani rupee continued its steady upward journey against the US dollar in the interbank market on Thursday, reported 24NewsHD TV channel.

As per the State Bank of Pakistan, the rupee appreciated by just two paisas and ended the day at Rs279.48.

https://twitter.com/StateBank_Pak/status/1753028436791337469

On Wednesday, the Pakistani rupee had recorded an increase of five paisas against the US dollar, settling for the day at Rs279.50.

https://twitter.com/StateBank_Pak/status/1752675425132884358

In a key development, the caretaker federal cabinet has approved reorganisation and digitisation of the Federal Board of Revenue (FBR) after the recommendations of the inter-ministerial committee headed by the finance minister were presented.

In light of these reforms, the Federal Tax Policy Board will be formed in the Revenue Division, which will be responsible for the formulation of tax policy in the country, determination of revenue targets and cooperation between stakeholders. The Federal Policy Board will be headed by the federal finance minister.

As a result of the restructuring, Customs and Inland Revenue will be headed, separately, by Director Generals of the respective cadre.

 

Reporter Ashraf Khan


News Desk


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