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

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

Add Mettisglobal as a Trusted Source on Google

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

Name	Price/Vol	%Chg/NChg
KSE100	178,262.34 385.16M	4.23% 7241.13
ALLSHR	107,837.44 1,028.26M	3.85% 4001.05
KSE30	53,347.67 160.21M	4.70% 2395.68
KMI30	251,510.37 142.71M	4.52% 10876.50
KMIALLSHR	69,173.86 484.44M	3.91% 2601.11
BKTi	51,064.73 51.74M	4.91% 2391.50
OGTi	35,248.42 10.48M	4.59% 1546.17

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,600.00	66,075.00 63,875.00	385.00 0.60%
BRENT CRUDE	90.17	93.60 87.55	-6.61 -6.83%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-1.55 -1.44%
ROTTERDAM COAL MONTHLY	120.00	120.00 120.00	-0.25 -0.21%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	83.78	86.20 82.12	-5.53 -6.19%
SUGAR #11 WORLD	14.63	14.75 14.54	-0.14 -0.95%