{"id":62498,"date":"2020-03-10T16:09:16","date_gmt":"2020-03-10T11:09:16","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=62498"},"modified":"2020-03-10T16:23:49","modified_gmt":"2020-03-10T11:23:49","slug":"govt-impose-pkr-900-bn-taxes-budget-2020-21-ex-finance-minister","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/govt-impose-pkr-900-bn-taxes-budget-2020-21-ex-finance-minister.html","title":{"rendered":"Govt to impose PKR 900 bn in taxes in budget 2020-21: ex-finance minister"},"content":{"rendered":"\n<p>Lahore: Former finance minister Dr Hafeez Pasha has stated that the government is expected to impose PKR 900 billion in taxes in its upcoming federal budget announcement, a new source reported. He further stated that the executive planned to impose these taxes in order to fulfil the requirements communicated by the International Monetary Fund (IMF).<\/p>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/fbr-invites-proposals-budget-2020-21.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"FBR invites proposals for Budget 2020-21 (opens in a new tab)\">FBR invites proposals for Budget 2020-21<\/a><\/p>\n\n\n\n<p>Speaking at a seminar on Monday, the former government official said that the government had assured the <a href=\"https:\/\/www.zameen.com\/news\/imf-fbr-meeting-imposition-new-taxes-denied.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"IMF  (opens in a new tab)\">IMF <\/a>of its decision to introduce PKR 700 billion, PKR 900 billion, and PKR 1,200 billion in additional taxes during the next three years.<\/p>\n\n\n\n<p>Pasha further stressed on developing the country\u2019s tax system. He highlighted that currently, the country\u2019s elite enjoyed PKR 1,200 billion in concessionary taxes. He added that this 10% of the population held 22% of the agrarian land and 80% of the bank accounts.<\/p>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/kp-govt-abolish-several-taxes-small-businesses.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"KP govt to abolish several taxes on small businesses (opens in a new tab)\">KP govt to abolish several taxes on small businesses<\/a><\/p>\n\n\n\n<p>The former finance minister said that there was a need for\nradical tax reforms via tough decisions in the upcoming budget. He advised that\nthose who could bear the taxes should share the burden of the country\u2019s debt.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: Former finance minister Dr Hafeez Pasha has stated that the government is expected to impose PKR 900 billion in taxes in its upcoming federal budget announcement, a new source reported. He further stated that the executive planned to impose these taxes in order to fulfil the requirements communicated by the International Monetary Fund (IMF). Read: FBR invites proposals for Budget 2020-21 Speaking at a seminar on Monday, the former government official said that the government had assured the IMF of its decision to introduce PKR 700 billion, PKR 900 billion, and PKR 1,200 billion in additional taxes during the next three years. Pasha further stressed on developing the country\u2019s tax system. He highlighted that currently, the country\u2019s elite enjoyed PKR 1,200 billion in concessionary taxes. He added that this 10% of the population held 22% of the agrarian land and 80% of the bank accounts. Read: KP govt to abolish several taxes on small businesses The former finance minister said that there was a need for radical tax reforms via tough decisions in the upcoming budget. He advised that those who could bear the taxes should share the burden of the country\u2019s debt.<\/p>\n","protected":false},"author":68,"featured_media":60548,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[22453],"persona":[],"class_list":{"0":"post-62498","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-details-on-govt-to-impose-pkr-900-bn-in-taxes-in-budget-2020-21-ex-finance-minister","9":"cat-15015-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Govt to impose PKR 900 bn in taxes in budget 2020-21: ex-finance minister - Zameen News<\/title>\n<meta name=\"description\" content=\"Former finance minister Dr Hafeez Pasha has stated that the government is expected to impose PKR 900 billion in taxes in its upcoming federal budget.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/govt-impose-pkr-900-bn-taxes-budget-2020-21-ex-finance-minister.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt to impose PKR 900 bn in taxes in budget 2020-21: ex-finance minister - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Former finance minister Dr Hafeez Pasha has stated that the government is expected to impose PKR 900 billion in taxes in its upcoming federal budget.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/govt-impose-pkr-900-bn-taxes-budget-2020-21-ex-finance-minister.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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