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    Iran announces ceasefire against Israel, Trump declares its victory

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    Bangladesh: BNP wins two-thirds majority in landmark election

    US and China agree to slash trade tariffs

    China rejects US claims of secret nuclear tests

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    Five children among 13 Palestinian killed in fresh Israeli attacks

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    Inflation rate soars 24.9% with highest pace in 14 years

    Pakistan’s power tariff changes must not hurt middle, lower class families

    Petrol price jacked up by Rs9.99 per litre for next fortnight

    Govt ‘likely to hike petrol, diesel prices’ for next fortnight

    UAE likely to send $1 billion this week

    UAE rolls over $2bn loan to Pakistan ahead of IMF review

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    Govt to invest $1bn in artificial intelligence by 2030, PM Shehbaz

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    PM reaffirms commitment to working with EU on trade initiatives

    PM Shehbaz denounces Israeli aggression in Gaza, Lebanon and Iran

    Govt to provide subsidised essential food items to citizens under Ramazan package, PM

    Gold price decreases Rs1,800 per tola

    Gold prices decrease in Pakistan

    FBR imposes 25% sales tax on cars with over Rs4m price

    Govt allows overseas Pakistanis to import used vehicles

    Pakistan unlikely to buy spot LNG in summer

    Govt suffers Rs1 trillion loss due to LNG mismanagement

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    SAIRA PETER, WORLD’S FIRST SUFI OPERA SINGER,RECEIVES PRESTIGIOUS AWARD AT US HOUSE OF CONGRESS

    SAIRA PETER, WORLD’S FIRST SUFI OPERA SINGER,RECEIVES PRESTIGIOUS AWARD AT US HOUSE OF CONGRESS

    Shahid Kapoor reveals why he chose to take ‘outside route’ to Bollywood

    Shahid Kapoor Reveals Sandeep Reddy Vanga’s Wish to Have Kabir Singh in Animal

    Indian star singer Arijit Singh quit playback singing

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    Song “Tanha Akeli Hoon,” filmed on Saba Qamar, gains popularity in the voice of Saira Peter

    Song “Tanha Akeli Hoon,” filmed on Saba Qamar, gains popularity in the voice of Saira Peter

    Emraan Hashmi announces making of “Awarapan 2”

    Emraan Hashmi opens up on ‘Ba***ds of Bollywood’

    Navjot Sidhu reveals why he left Kapil Sharma  show in 2019

    Re-release of Kapil Sharma-starrer Kis Kisko Pyaar Karoon 2 CANCELLED at the last minute

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    PCB, PSL franchises agree to move matches from Punjab to Karachi

    FSK, OZ Developers clinch new PSL franchises

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Home BUSINESS

Chairman FBR admits majority of Pakistanis don’t fall under tax net

Web Desk by Web Desk
in BUSINESS, FINANCE
Reading Time: 1 min read
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Chairman Federal Board of Revenue (FBR) Rashid Mahmood Langrial has said that most Pakistanis don’t fall under tax-net.

Speaking at an event “Think Fest 2025” in Lahore, Chairman FBR acknowledged that around 60 per cent Pakistani population fall below the income tax threshold.

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However, he pointed out that there are around 6.7 lac people who do fall into the tax net, including the superrich class, who are not paying their fair share. He claimed that those who talk on TV about how to fix the tax system, are themselves tax evaders.

Calling for reforms, Rashid Mahmood Langrial said the tax system in Pakistan is pretty flawed, with tax rates incorrect and a design that only caters to about 5% of the population.

Chairman FBR said that the problem lies on both sides as taxpayers aren’t paying up and tax collectors failed to collect taxes from the wealthy class which led to the inclusion of the salaried class into the tax net.

He acknowledged that tax rates imposed on a common man and salaried individuals, should be corrected and the government is aware that some tax rates should be reduced.

Web Desk

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Voice of Sindh is an initiative designed to uncover the untold stories of Sindh. It aims to preserve and promote the diverse culture, heritage, history, and traditions that make Sindh the bastion of pluralism and progress.

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