Small and large business owners in Pakistan are currently grappling with burdensome taxation imposed by the government. The latest tax schedules, particularly affecting businesses in Karachi, have exacerbated the challenges faced by entrepreneurs. These heavy taxes further strain both big and small enterprises in an already struggling economy. Rampant inflation, substantial taxes, and administrative ineptitude in managing financial turmoil have marred Ramadan and Eid celebrations in Pakistan this year.
The income tax department will proceed with the recovery of Rs 115 crore in income tax dues from the Indian National Congress for the financial year 2018-19. The party’s bank accounts have been attached and frozen as part of the routine recovery process. The party had not deposited the tax demand claimed by the department. The matter will be heard by the income tax appellate tribunal on February 21.
