Govt imposes new asset purchase restrictions for undeclared income

MG News | June 23, 2025 at 03:32 PM GMT+05:00

0:00

June 23, 2025 (MLN): The government has imposed new restrictions on asset purchases for individuals who fail to declare sufficient income.

Under these measures, those not paying enough tax will be barred from making major purchases.

These include cars priced over Rs7 million, residential properties exceeding Rs50m, and commercial plots valued above Rs100m, as per the press release issued.

Additionally, individuals will not be allowed to maintain a total bank balance of more than Rs100m in a year or invest over Rs50m in securities annually.

Copyright Mettis Link News

Related News

SECP makes public “Women EquiSmart Policy 2025–2028” for consultation

Pakistan-UK talks put 1.7m diaspora at heart of growth agenda

MG official urges industry to rethink pricing, real benefits for consumers

Name	Price/Vol	%Chg/NChg
KSE100	135,939.87 307.74M	-0.41% -562.67
ALLSHR	84,600.38 877.08M	-0.56% -479.52
KSE30	41,373.68 101.15M	-0.43% -178.94
KMI30	191,069.98 82.45M	-1.17% -2260.79
KMIALLSHR	55,738.07 422.01M	-1.03% -577.24
BKTi	38,489.75 45.79M	-0.02% -8.33
OGTi	27,788.15 6.87M	-1.24% -350.24

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	117,620.00	117,890.00 117,475.00	880.00 0.75%
BRENT CRUDE	68.86	69.41 68.60	-0.35 -0.51%
RICHARDS BAY COAL MONTHLY	96.50	96.50 96.50	0.50 0.52%
ROTTERDAM COAL MONTHLY	104.50	104.50 104.25	-2.05 -1.92%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	66.86	66.87 66.73	0.34 0.51%
SUGAR #11 WORLD	16.56	16.61 16.25	0.26 1.60%