ANL 13.19 Increased By ▲ 0.65 (5.18%)
ASC 12.17 Decreased By ▼ -0.53 (-4.17%)
ASL 13.50 Increased By ▲ 0.04 (0.3%)
BOP 8.31 Decreased By ▼ -0.07 (-0.84%)
BYCO 5.75 Decreased By ▼ -0.21 (-3.52%)
FCCL 17.06 Decreased By ▼ -0.02 (-0.12%)
FFBL 23.61 Decreased By ▼ -0.44 (-1.83%)
FFL 10.05 Increased By ▲ 0.08 (0.8%)
FNEL 9.31 Increased By ▲ 0.06 (0.65%)
GGGL 13.80 Decreased By ▼ -0.20 (-1.43%)
GGL 26.75 Decreased By ▼ -0.30 (-1.11%)
HUMNL 5.66 Decreased By ▼ -0.07 (-1.22%)
JSCL 14.55 Decreased By ▼ -0.45 (-3%)
KAPCO 30.70 Decreased By ▼ -0.90 (-2.85%)
KEL 3.16 Decreased By ▼ -0.06 (-1.86%)
MDTL 2.09 Decreased By ▼ -0.12 (-5.43%)
MLCF 31.90 Decreased By ▼ -0.85 (-2.6%)
NETSOL 89.00 Decreased By ▼ -1.21 (-1.34%)
PACE 4.09 Decreased By ▼ -0.01 (-0.24%)
PAEL 20.42 Decreased By ▼ -0.09 (-0.44%)
PIBTL 7.27 Increased By ▲ 0.02 (0.28%)
POWER 6.31 Decreased By ▼ -0.08 (-1.25%)
PRL 11.80 Decreased By ▼ -0.15 (-1.26%)
PTC 8.69 Decreased By ▼ -0.11 (-1.25%)
SILK 1.19 Increased By ▲ 0.02 (1.71%)
SNGP 37.10 Decreased By ▼ -0.60 (-1.59%)
TELE 14.47 Decreased By ▼ -0.38 (-2.56%)
TRG 79.19 Increased By ▲ 1.51 (1.94%)
UNITY 21.85 Decreased By ▼ -1.05 (-4.59%)
WTL 2.00 Decreased By ▼ -0.03 (-1.48%)
BR100 4,385 Increased By ▲ 4.29 (0.1%)
BR30 16,983 Increased By ▲ 119.38 (0.71%)
KSE100 43,173 Decreased By ▼ -60.17 (-0.14%)
KSE30 16,730 Increased By ▲ 11.63 (0.07%)

Coronavirus
LOW Source: covid.gov.pk
Pakistan Deaths
28,777
1024hr
Pakistan Cases
1,287,161
33624hr
0.78% positivity
Sindh
476,830
Punjab
443,519
Balochistan
33,507
Islamabad
107,930
KPK
180,383
Pakistan

Tax collection surpasses Rs2,205 bn in first half of current fiscal year, says PM

  • Imran says taxpayers are the benefactors of the country, who deserved applause
  • Out of 220 million people in Pakistan only 3,000 pay 70 percent taxes: Prime minister
10 Jan 2021

(Karachi) Prime Minister Imran Khan has said that tax collection has surpassed Rs2,205 billion during the first half of the current fiscal year, local media reported.

The PM said this during a meeting in Islamabad on Sunday.

On the occasion, Imran Khan lauded the authorities for bringing about much-needed reforms in the taxation system. He called for measures to enhance the number of taxpayers in the country. The prime minister said that out of 220 million people in Pakistan only 3,000 pay 70 percent taxes.

“Half of the taxes we [the government] collect go in debt settlement of loans taken by previous governments,” the PM reiterated.

Meanwhile, the officials apprised the prime minister on “positive outcomes” of tax reforms. They said that the number of taxpayers increased manifold due to the reforms.

The meeting was told that the tax collection system is being automated and taxpayers being given incentives.

It was stated that the new digital taxation system will enhance transparency and help check corruption and tax evasion. Tax form has been simplified for small and medium enterprises by reducing its pages from five to one and entries from 200 to just 24. Sales tax receipts also witnessed an increase due to the reforms.

We love hearing your feedback, please help us improve by answering these few survey questions

Comments

Comments are closed.