Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Gen V Season 2 trailer
    Videos

    Gen V Season 2 Trailer Cast, Plot, Premiere Details

    July 26, 2025 3 Min Read
    IShowSpeed Daniel La Belle race
    Videos

    IShowSpeed Beats Daniel La Belle in 40-Meter Race, Hits 41M Subscribers

    June 24, 2025 2 Min Read
    Cardi B new single Outside
    Videos

    Cardi B’s ‘Outside’ Single Sparks Buzz Over Offset and Stefon Diggs

    June 20, 2025 2 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: Pakistan Eliminates “Non-Filer” Status, Enforcing Penalties
PhotoNews Pakistan PhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
Pakistan Tax Reforms
PhotoNews Pakistan > Business > Pakistan Eliminates “Non-Filer” Status, Enforcing Penalties
Business

Pakistan Eliminates “Non-Filer” Status, Enforcing Penalties

Web Desk
By Web Desk Published September 27, 2024 2 Min Read
Share
Federal Board of Revenue of Pakistan
SHARE

Finance Minister Senator Mohammad Aurangzeb has declared the government’s intention to abolish the term “non-filers” and introduce stringent penalties for those who do not report their income. These measures will significantly restrict their everyday activities.

In a Thursday interview with VOA, Aurangzeb revealed that the government possesses detailed data on non-filers, including their lifestyle choices, vehicle ownership, and international travel habits. “We have reached a stage where leniency is no longer viable. Those concealing their income and avoiding taxes will face limitations on accessing numerous vital services,” he stated.

Aurangzeb outlined intentions to lighten the tax load on salaried individuals and broaden the tax base to encompass retail, wholesale, agriculture, and real estate sectors. “Our goal is to alleviate the burden on the working class while ensuring that sectors previously exempt from tax start contributing fairly,” he explained.

Read: Pakistan Set to Secure Final IMF Bailout Package on September 25 : Finance Minister

Addressing the IMF’s concerns about debt repayment, the minister mentioned that the government has put forward a robust economic reform plan. “Implementing these reforms was imperative, and we are committed to integrating all untaxed groups into the system,” he said.

Despite a 29% rise in tax revenues last year, Aurangzeb noted that Pakistan’s tax-to-GDP ratio still stands at 9%—too low to secure economic stability. He acknowledged financial support from China and Saudi Arabia, which helped secure a $7 billion IMF loan, but emphasized the need for comprehensive reforms. “For Pakistan to escape the cycle of IMF programs, we must implement significant reforms to achieve long-term economic stability,” he added.

TAGGED:Featured
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertisement

HBL Saving Made Easy
HBL Saving Made Easy

Recent Posts

Ozzy Osbourne Taylor Swift

Ozzy Osbourne’s Praise for Taylor Swift Resurfaces After His Death

Imran Khan sons protest

Imran Khan Stops Sons from Joining Pakistan Protests in August 2025

Samsung Galaxy S26 Perplexity

Samsung Galaxy S26 Series May Drop Standard Model for Pro and Edge Variants

Post Archives

More Popular from Photonews

2024 Henley Passport Index
Pakistan

Pakistan Passport Ranking 2025: 96th on Henley Index with 32 Visa-Free Destinations

2 Min Read
Trump Epstein files conspiracy% Tariff 2025
Top NewsWorld

Trump Alleges Conspiracy: Name Planted in Epstein Files by Political Enemies

4 Min Read
Nicki Minaj High School Challenge
Entertainment

Nicki Minaj High School Challenge Goes Viral

2 Min Read
Business

Pakistan Gold Prices Surge Amid Global Dip

On July 23, 2025, gold prices in Pakistan surged despite a global downturn triggered by eased…

July 24, 2025
TechTop News

China Proposes Global AI Cooperation Organization

Chinese Premier Li Qiang announced plans for a global AI cooperation organisation at the World Artificial…

July 26, 2025
Business

Samsung Secures $16.5 Billion Deal to Produce Tesla AI Chips in Texas

Samsung Electronics Co. has secured a $16.5 billion (22.8 trillion won) multi-year contract with Tesla Inc.…

July 28, 2025
Sindh

Deadly Explosion Derails Jaffar Express in Sindh: One Injured, Operations Suspended

A powerful explosion derailed three coaches of the Jaffar Express train near Shikarpur in Sindh, Pakistan,…

July 28, 2025
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog

© 2024 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?