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banks

New tax raising steps under consideration
Print

New tax raising steps under consideration

  • Proposed measures include increase in rates of withholding taxes, more indirect taxation, three percent flood levy on imports, and tax on banks’ foreign exchange income
Updated 18 Jan, 2023 12:40pm
Reassessing MDR
BR Research

Reassessing MDR

There is a minimum deposit rate (MDR) on the savings deposits of banks. Then there is a higher tax on banks with...
Published 05 Jan, 2023 08:03am
Much ado about nothing?
BR Research

Much ado about nothing?

Banks are under scrutiny for making so called exuberant profits on foreign exchange earnings. Some of have made more...
Published 22 Sep, 2022 09:01am
Watch: PM Shehbaz Sharif's entire address on 10% super tax on large industries
Pakistan

Watch: PM Shehbaz Sharif's entire address on 10% super tax on large industries

  • We intend to tax high income earners so that the entire nation can reap the benefit through education, health, infrastructure, skills education and IT uplift, he says
  • Tax will be applicable on cement, steel, sugar, oil and gas, fertiliser, LNG, textile, banks, automobile, beverages, chemicals, tobacco and airlines
  • Collection from this tax will be used to alleviate poverty in Pakistan
Updated 24 Jun, 2022 02:53pm