Minimal tax for poor, mediocre in 2024-25 budget: PM Shehbaz Sharif

News Image

MG News | June 14, 2024 at 10:43 AM GMT+05:00

0:00

June 14, 2024 (MLN): Prime Minister Shehbaz Sharif has said that the government has levied minimum tax on mediocre and poor segments of society in the fiscal budget 2024-25.   

He made these remarks while chairing a high-level review meeting in Islamabad yesterday, on tax reforms, digitization of the economy and measures to increase revenues, according to the Information Ministry.

The Prime Minister said during the preparation of the budget, he gave clear directives that the elites must pay taxes and tax evaders, tax defaulters should be nabbed.

He urged that complete digitization of the tax system, increasing workforce efficiency; reducing the tax rate and increasing the number of taxpayers are among the government's topmost priorities.

He further highlighted the Federal Board of Revenue as an important wheel of the country's economy and pledged to provide all resources for development and digitization of FBR.   

During the meeting, International firm McKinsey and Karandaaz apprised the Prime Minister of the progress made in the last four weeks regarding digitization of FBR and increase in revenues.

Short and medium term plans to enhance revenue were also presented to the Prime Minister.

The meeting was briefed that digitization and automation of the value chain of the country's economy will increase revenues.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 138,597.36
256.32M
-0.05%
-68.14
ALLSHR 85,286.16
608.38M
-0.48%
-413.35
KSE30 42,340.81
77.13M
-0.03%
-12.33
KMI30 193,554.51
76.19M
-0.83%
-1627.52
KMIALLSHR 55,946.05
305.11M
-0.79%
-443.10
BKTi 38,197.97
16.53M
-0.59%
-225.01
OGTi 27,457.35
6.73M
-0.94%
-260.91
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 117,670.00 121,165.00
117,035.00
-1620.00
-1.36%
BRENT CRUDE 69.23 70.77
69.14
-0.29
-0.42%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.03 67.54
65.93
-0.20
-0.30%
SUGAR #11 WORLD 16.79 17.02
16.71
0.05
0.30%

Chart of the Day


Latest News
July 18, 2025 at 07:21 PM GMT+05:00

Pakistan strengthens UK trade links


July 18, 2025 at 05:36 PM GMT+05:00

Pakistan, China set to advance agricultural innovation


July 18, 2025 at 05:10 PM GMT+05:00

PSX Closing Bell: Riding High, Ending Low



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg