3 Posts

‘cash

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Govt to ‘increase’ tax on cash withdrawal in upcoming budget

  • 3 min
The federal government plans to increase the advance tax on cash withdrawals for non-filers from 0.6% to 0.9% in the upcoming budget. This move could generate over Rs. 15 billion in annual revenue. Additionally, the government may raise the withholding tax on vehicles over 850cc and launch a crackdown on individuals not registered under the Tajir Dost Scheme. IMF has also requested electricity price hikes to tackle the power sector's circular debt.
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Woman with Rs1.5m cash, jewellery held at Karachi railway station

  • 1 min
An elderly woman was detained by the railway police at Karachi Cantt Station for carrying Rs1.5 million cash and gold jewellery worth millions. The woman had been at the station for several hours before being searched, and the police were contacted by two men and a woman claiming to be her children. Investigations are ongoing. [47 words] - Khabristan.PK