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Income inequality in Pakistan
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Half of Pakistan s income owned by 20 pc of population
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‘Half of Pakistan’s income is owned by 20% of its population’
Speakers at session on human development, inequality call for redressal of systemic flaws
April 05, 2021
KARACHI:
The issues of inequality must be understood in terms of wealth and ownership in our economy, and discourse on fighting inequality must be along the lines of foreign influences, gender disparity and social mobility.
These views were expressed by panelists at a session titled, Human Development and Inequality, on the second day (Saturday) of the first international conference on economics and sustainable development hosted online by the Institute of Business Administration (IBA).
The panel featured Special Assistant to the Prime Minister (SAPM) on Social Protection and Poverty Alleviation Dr Sania Nishtar, senior researcher at the Collective for Social Science Research Ayesha Khan, SAPM on Revenue Dr Waqar Masood Khan, IBA executive director Dr Akbar Zaidi.
Dr Baig lauds FBR for surpassing tax target for Jan ‘21
National
February 1, 2021
KARACHI: Former SVP FPCCI, Dr Mirza Ikhtiar Baig has felicitated the FBR for surpassing tax target for the month of January 2021, collecting total amount of Rs363 billion against the target amount of Rs341 billion.
It is pertinent to mention that the FBR has so far collected Rs2,568 billion during the first seven months from July 2020 to January 2021 against targeted-amount of Rs2,551 billion and surpassing the amount by Rs17 billion. The surpassing amount would certainly help in restoring IMF programme. He positively applauded the FBR and expected that it would achieve annual tax collection target of Rs4,963 billion by June 30 for the fiscal year of 2020-21.
FBR serves 1.4m notices on violators
These include individuals and firms that did not submit annual statements
The FBR said that those who are not complying would be pursued diligently until compliance is achieved. PHOTO: FILE
ISLAMABAD:
The Federal Board of Revenue (FBR) has served 1.4 million tax notices to individuals and companies that either did not submit annual statement of income and expenditures or undertook business transactions without paying due taxes.
It is one of the largest enforcement exercises by the tax machinery in years that is struggling to improve its image, efficacy and stagnant revenues.
The tax notices have been served in three categories, non-filers of annual income tax returns, those who filed returns and concealed incomes and property seller and purchasers, a senior FBR official told The Express Tribune on Saturday. It has also issued tax notices to nearly 63,000 companies.
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