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

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

Name	Price/Vol	%Chg/NChg
KSE100	162,994.17 366.14M	-1.71% -2829.70
ALLSHR	97,525.91 833.18M	-1.65% -1634.99
KSE30	49,090.22 171.05M	-2.02% -1011.73
KMI30	234,097.76 141.71M	-1.92% -4583.61
KMIALLSHR	63,284.58 381.76M	-1.79% -1151.00
BKTi	45,458.10 90.77M	-1.53% -707.82
OGTi	33,162.89 14.24M	-2.82% -962.44

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	78,220.00	79,420.00 76,515.00	1480.00 1.93%
BRENT CRUDE	109.20	112.45 106.23	-1.20 -1.09%
RICHARDS BAY COAL MONTHLY	113.00	0.00 0.00	0.00 0.00%
ROTTERDAM COAL MONTHLY	109.25	0.00 0.00	-0.20 -0.18%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	102.50	106.65 99.30	-2.57 -2.45%
SUGAR #11 WORLD	14.97	15.01 14.42	0.36 2.46%