202015 Sep
PM reviews tax proposals to end disparity
General News

Prime Minister Imran Khan on Monday formed a ministerial committee to review proposals that seek equitable taxation by increasing the burden on upper class, but a strong political will is needed to take these steps. About a dozen tax proposals were presented to the PM and his economic team by former finance minister Dr Hafiz Pasha. He had sought the input of the country’s noted economist a few weeks ago after another human development index report painted a gloomy picture of Pakistan’s socio-economic conditions. The premier instructed Minister for Industries Hammad Azhar, Finance Adviser Dr Abdul Hafeez Shaikh and Commerce Adviser Abdul Razak Dawood to review the proposals in detail so that the recommendations that were implementable could be implemented, said the Prime Minister’s Office. One of the key proposals was to immediately slash the corporate income tax rate from 29% to 20%, a participant of the meeting informed The Express Tribune.

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