- Afghan Taliban appoint new leader after Mansour’s death
- Fazl active to ‘arrange’ Nawaz-Zardari meeting in London
- Pakistan ‘seeking clarification’ about air strike on Taliban leader
- Afghanistan probes Mullah Akhtar Mansour’s fate after deadly US drone attack
- Imran ends NA speech with a street protest ‘warning’
- Policeman dead, 15 wounded in Peshawar twin explosions
Govt gears up to impose ‘super tax’ on the rich
Finance Minister Ishaq Dar unveiled it during the post-budget press conference yesterday.
According to budget documents, it has been proposed to impose one-time super tax on rich individuals, associations of persons and companies earning above Rs500 million in tax year 2015. The tax will be imposed at a rate of 4% of income for banking companies and 3% of income for all others.
During his presser, Mr. Dar had rejected the impression that duties on ghee, oil, fertilizers, high speed diesel oil and packed milk has been increased. He said three regulatory duties on cellular phones have been replaced with a single duty which will help further bring down the prices of low cost cell phones.