Notices to 300,000 Pakistanis who don’t pay taxes
December 24th, 2011 - 12:15 pm ICT by IANSIslamabad, Dec 24 (IANS) Pakistan, which is facing a disappointing economic scenario, is sending notices to 300,000 people who don’t pay their taxes.
Federal Finance Minister Abdul Hafeez Shaikh has directed the Federal Board of Revenue to ensure that notices to 300,000 people tax defaulters be issued on a priority, reported Associated Press of Pakistan.
Shaikh also sought a complete analysis of the taxpayers? data and a discussion on the strategy to pursue the non-taxpayers.
He also discussed the progress in broadening the tax base.
The expected revenue collection during the period January to June 2012 was also reviewed in a meeting.
The annual report of the State Bank of Pakistan (SBP) has highlighted the country’s disappointing economic situation.
The report points out that the major factors that have contributed to “this grim state of affairs include the collapse of fixed investment, acute energy shortages, urban violence and lawlessness, poor physical infrastructure and institutional fragility”.
The central bank’s report says that the GDP growth of Pakistan is likely to settle in the range of 3-4 percent by the end of fiscal 2011-12.
- Pakistan has 700,000 new tax-payers - Feb 01, 2012
- Pakistan's economy needs a boost: Zardari - Dec 23, 2011
- Pakistan's Rs.2.7 trillion budget approved - Jun 23, 2011
- Pakistan's economy is faltering: Daily - Dec 21, 2011
- Pakistan vows to net 700,000 tax evaders - Dec 14, 2011
- Pakistan government ready to tax farm income - Apr 08, 2011
- Pak will pay "heavy price" over failure to meet international commitments: Finance Min - Nov 24, 2010
- Pakistan's economy to grow at 4 percent: Minister - Feb 07, 2012
- Minister upbeat on Pakistan's economy - Sep 28, 2011
- 166 booked in Pakistan for Rs.30bn tax evasion - Dec 24, 2010
- Pakistan revenue collection up 25 percent - May 20, 2012
- Pakistan's economic indicators positive: minister - Dec 20, 2011
- Pakistanis avoid paying taxes, admits daily - Feb 23, 2012
- Pakistani lawmakers told why economy is floundering - Jan 13, 2012
- IMF delegation extends Pak visit to finalise pending economic policy issues - Mar 09, 2011
Tags: annual report, collapse, dec 24, economic scenario, economic situation, energy shortages, federal finance minister, fragility, gdp, gdp growth, hafeez, pakistanis, physical infrastructure, state bank, state bank of pakistan, state bank of pakistan sbp, state of affairs, t pay, taxpayers, urban violence