RELIEF MEASURES Reduction in tax rates for salaried individuals: Income tax rates for salaried taxpayers have been reduced through restructuring of tax slabs. Additional intermediate slabs have been introduced and the threshold for the maximum tax rate of 35% has been increased from Rs. 4.1 million to Rs. 7 million. Abolition of tax on deemed […]
income
Income threshold set at Rs 45,000 for eligibility under Ramazan package: Azma
Punjab Minister for Information and Culture Azma Bokhari announced that the Punjab government is launching a Rs47 billion Nigehban Ramzan Package this year, under which approximately 4.2 million deserving families will benefit. She stated that the relief will be provided directly to beneficiaries through Nigehban Ramzan Cards, ensuring dignified and transparent delivery at people’s doorsteps. […]
Infographic: Pakistan’s gross national income
Pakistan’s gross national income per capita has increased from $120 to $1,580 from 1965 to 2017, but it still ranks among the world’s lower-middle-income countries. The following infographic illustrates Pakistan’s gross national income per capita and also compares it with other countries.