Pakistan salaried class pay 9 times higher tax than in India: PBC

By MG News | July 25, 2024 at 05:58 PM GMT+05:00

0:00

July 25, 2024 (MLN): The salaried class in Pakistan is paying up to 9.4 times more tax than in India, according to Pakistan Business Council (PBC), country’s largest business policy advocacy platform.

“For two countries with almost the same cost of living, income tax on salaried employees in Pakistan is up to 9.4 times that in India,” said the PBC in a post on social media platform X.

"Taxed employees in Pakistan certainly do not get better value for their contribution," PBC said, adding that Pakistan's tax system is far from equitable.

Read: Salaried class faces notable tax hike

Copyright Mettis Link News

Related News

Commissionerate of ABI confiscates 1st-ever properties under Benami Act

Sindh proposes 12% salary hike for govt employees

Sindh unveils over Rs3tr budget for FY26

Name	Price/Vol	%Chg/NChg
KSE100	122,143.57 238.19M	-1.57% -1949.56
ALLSHR	76,055.22 966.52M	-1.36% -1051.07
KSE30	36,883.30 115.66M	-1.74% -653.39
KMI30	180,397.18 129.11M	-2.16% -3973.50
KMIALLSHR	52,092.45 393.86M	-1.73% -918.69
BKTi	29,957.41 15.86M	-1.36% -411.82
OGTi	27,188.26 11.39M	-1.70% -471.10

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	105,790.00	106,080.00 105,060.00	410.00 0.39%
BRENT CRUDE	75.05	78.32 74.96	0.82 1.10%
RICHARDS BAY COAL MONTHLY	88.00	0.00 0.00	-2.00 -2.22%
ROTTERDAM COAL MONTHLY	103.60	103.60 103.50	1.00 0.97%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	73.78	77.49 73.59	0.80 1.10%
SUGAR #11 WORLD	16.54	16.94 16.52	-0.16 -0.96%