Tax benefits granted to non-filers withdrawn: Asad Umar

News Image

MG News | October 03, 2018 at 04:32 PM GMT+05:00

0:00

October 03, 2018 (MLN): Putting an end to the wave of conjecture regarding ban on non-filers’ purchase of cars and properties, Finance Minister Asad Umar has announced on the floor of National Assembly today, that the privilege given to the non-filers will be withdrawn.

According to Asad Umar, amendments have been made in the mini budget that was presented in the National Assembly last month.

As per these amendments, amongst the non-filers, only overseas Pakistanis will be allowed to buy new cars and properties, whereas in case of inherited properties, the beneficiary, for example a widow or a minor will also be allowed to avail the tax exemption, i.e. properties can be transferred to their name regardless of them being non-filers.

Apart from this, non-filers will be allowed to purchase vehicles with up to 200 CC engine.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 136,354.86
137.15M
0.31%
414.99
ALLSHR 84,683.46
384.58M
0.10%
83.07
KSE30 41,554.49
45.34M
0.44%
180.81
KMI30 191,214.32
43.55M
0.08%
144.34
KMIALLSHR 55,723.35
174.76M
-0.03%
-14.72
BKTi 38,149.92
12.00M
-0.88%
-339.83
OGTi 27,694.34
4.97M
-0.34%
-93.81
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,610.00 118,635.00
117,255.00
1870.00
1.60%
BRENT CRUDE 68.75 69.09
68.75
0.04
0.06%
RICHARDS BAY COAL MONTHLY 96.50 96.50
96.50
0.50
0.52%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.25
-2.05
-1.92%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.71 67.01
66.68
0.19
0.29%
SUGAR #11 WORLD 16.62 16.62
16.55
0.06
0.36%

Chart of the Day


Latest News
July 16, 2025 at 12:35 PM GMT+05:00

Cement sector profit may rise 19% in 4QFY25


July 16, 2025 at 12:25 PM GMT+05:00

Fertilizer offtake jumps 11% YoY in June 2025


July 16, 2025 at 12:07 PM GMT+05:00

Pakistan removed from the UK’s Air Safety List


July 16, 2025 at 12:04 PM GMT+05:00

Saudi Riyal available at PKR 77.2 in open market



Top 5 things to watch in this week

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