Govt to abolish non-filers category

MG News | September 26, 2024 at 09:04 PM GMT+05:00
September 26, 2024 (MLN): The government is planning to abolish the category of non-filers from the tax laws to increase revenue and promote long-term economic growth, Finance Minister Muhammad Aurangzeb said.
“Pakistan is probably the only country in the world where there is this term of non-filers. It’s about time to remove this category," the Finance Minister said in an interview to Voice of America on the sidelines of his visit to New York, USA.
The government has a target to collect Rs12.97 trillion in fiscal year 2024-25, 40% higher compared to last year.
The Minister has previously emphasized that structural reforms are pivotal for ensuring sustainable economic growth and stability, forming a cornerstone of the government’s policy agenda.
These initiatives include end-to-end digitization of the Federal Board of Revenue (FBR) to broaden the tax base and increase Tax-to-GDP ratio, reforms in the energy sector, and the restructuring of state-owned enterprises (SOEs).
Copyright Mettis Link News
Related News
Name | Price/Vol | %Chg/NChg |
---|---|---|
KSE100 | 163,806.22 500.44M | -0.39% -638.50 |
ALLSHR | 99,845.79 1,977.49M | -0.42% -417.42 |
KSE30 | 50,123.85 153.24M | -0.68% -343.31 |
KMI30 | 238,530.50 71.49M | -0.36% -850.63 |
KMIALLSHR | 65,898.10 543.80M | -0.37% -245.35 |
BKTi | 46,380.96 92.15M | -0.49% -229.01 |
OGTi | 31,857.40 12.33M | -1.20% -387.93 |
Symbol | Bid/Ask | High/Low |
---|
Name | Last | High/Low | Chg/%Chg |
---|---|---|---|
BITCOIN FUTURES | 106,760.00 | 109,470.00 103,745.00 | -1685.00 -1.55% |
BRENT CRUDE | 61.32 | 61.47 60.14 | 0.26 0.43% |
RICHARDS BAY COAL MONTHLY | 80.50 | 0.00 0.00 | -1.00 -1.23% |
ROTTERDAM COAL MONTHLY | 93.20 | 93.50 93.20 | 0.05 0.05% |
USD RBD PALM OLEIN | 1,085.00 | 1,085.00 1,085.00 | 0.00 0.00% |
CRUDE OIL - WTI | 57.18 | 57.32 56.15 | 0.19 0.33% |
SUGAR #11 WORLD | 15.53 | 15.88 15.45 | -0.27 -1.71% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
Name | Last | Chg/%Chg |
---|
Name | Last | Chg/%Chg |
---|