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Pakistan

Govt imposes 10% ‘super tax’ on industries; up to 4% on high-income individuals

For the first time in the country’s history, he said, a budget had been presented to provide relief to the common man, orphans, widows and poor. 

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Govt imposes 10% ‘super tax’ on industries; up to 4% on high-income individuals
GNN Media: Representational Photo

Islamabad: Prime Minister Shehbaz Sharif on Friday announced to impose a 10 percent ‘Super Tax’ on over 12 large industries and also on affluent persons with more than Rs 150 million annual income with a rate up to four percent. 

Addressing the members of his economic team, he said the imposed taxes would be the “first step towards the country’s financial self-reliance”. 

The prime minister said the 10 percent tax aimed at poverty alleviation would be imposed on industries and sectors including cement, fertilizers, steel, sugar, textile, oil and gas, LNG terminals, banking sector, cigarette, chemicals and beverages. 

He said the individuals earning over Rs 150 million a year would pay one percent tax; those earning Rs 200 million will pay two percent, those over Rs 250 million income to pay three percent and the ones earning above Rs 300 million will pay four percent tax.

PM Sharif said he had formed teams to boost tax collection with the help of organs of State institutions and through digital means. 

He said the step would help the country attain economic stability and push it out of the shakles of loans. 

He pointed out that every year, an amount of around Rs 2,000 billion in the country was misappropriated through tax evasion. 

He mentioned that 60 percent of the formal sector was paying taxes, however, the rest of 40 percent economy needed to be brought into tax net. 

He said the collected tax would be diverted towards the projects of health, education, skilled training and information technology. 

For the first time in the country’s history, he said, a budget had been presented to provide relief to the common man, orphans, widows and poor. 

The prime minister hoped that with hard work and faith in Allah Almighty, the things would ease up. 

The measures taken in the budget will enable the poor overcome their financial challenges, he added. 

PM Sharif said the history was evident that the poor always sacrificed while facing challenges, but now it was the moral obligation upon the affluent to come forward and contribute.

He expressed confidence that the measures would take Pakistan forward on the path of prosperity, progress and economic stability. 

He mentioned the support of the leaders of allied parties in standing shoulder to shoulder with the government.

He said merit, honest, integrity and upholding the right of the downtrodden were the hallmark of his government. 

Pakistan

Marriyum expresses commitment to protect journalists

Marriyum Aurangzeb said the amendment bill will be finalized after further consultation with the journalists and media organizations.

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Marriyum expresses commitment to protect journalists

Islamabad: Minister for Information and Broadcasting Marriyum Aurangzeb says a special committee has been formed to finalize the Journalist and Media Professionals Protection (Amendment) Bill 2022.

Talking to a delegation of Pakistan Federal Union of Journalist (Dastoor) in Islamabad, she said the committee comprises of representatives from the ministries and media organizations concerned.

Marriyum Aurangzeb said the amendment bill will be finalized after further consultation with the journalists and media organizations.

She said Prime Minister Shehbaz Sharif, soon after coming into power, initiated the process of abolishing all the anti-media laws and regulations.

She said it is the foremost priority of the coalition government to protect journalists and ensure provision of conducive working environment for them.

The Information Minister urged media organizations and journalists to play a proactive role in curbing fake news and propaganda.

The delegation apprised the minister of the problems and professional issues faced by the journalists.

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Eid al-Adha: Pakistan railways to run three special trains

Pakistan Railways announced on Saturday that three special train services would be run on the occasion of Eid ul Azha.

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Eid al-Adha: Pakistan railways to run three special trains

Lahore: In a bid to facilitate the passengers, Pakistan Railways has announced to run three special trains on the occasion of Eid-ul-Azha on multiple routes. 

The spokesperson of Pakistan railways said that the first Eid special train will leave from Quetta to Peshawar on Friday at 10 am. 

The second special train will leave Karachi for Lahore on Friday, while the third Eid special train from Lahore to Karachi on July 13. 

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Pakistan

CJCSC, Iranian President discuss matters of strategic interest, regional security

Both sides displayed desire to initiate meaningful and long-lasting security and defence cooperation between the two countries.

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CJCSC, Iranian President discuss matters of strategic interest, regional security

Tehran: Chairman Joint Chiefs of Staff Committee (CJCSC) General Nadeem Raza who is on official visit to Iran, called on President of Iran Sayyid Ebrahim Raisol-Sadati.

Matters of bilateral strategic interest and regional security environment including strengthening of bilateral security and defence cooperation between the two countries were brought into discussion.

Both sides displayed desire to initiate meaningful and long-lasting security and defence cooperation between the two countries.

Chairman JCSC also held separate meetings with Defence Minister Brigadier General Mohammad-Reza Gharaei Ashtiani, Chief of General Staff Major General Mohammad Bagheri, Commander-in-Chief Islamic Revolutionary Guard Corps Major General Hossein Salami, Commander of Iranian Navy Rear Admiral Shahram Irani and Commander of Air Force Brigadier General Hamid Vahedi.

The dignitaries discussed measures to enhance the level and scope of military engagements between both countries and pledged to continue to forge deeper ties. Both sides highlighted that common borders should be "Borders of Peace and Friendship".

The Iranian military leadership lauded the professionalism of Pakistan Armed Forces and acknowledged their sacrifices in fight against terrorism.

Earlier, upon arrival at General Staff Headquarters a smartly turned-out contingent presented 'Guard of Honour' to the Chairman Chairman Joint Chiefs of Staff Committee.

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