NA body proposes super tax levy

The Federal Board of Revenue’s proposal for a comprehensive super tax that would be based on each entity’s amount of profit has been recommended by the National Assembly Standing Committee on Finance and Revenue (FBR).

In a meeting, the committee wanted an update on the actions taken by the relevant authorities to look into the behaviour of banks suspected of manipulating currency rates.

Dr. Aisha Ghaus Pasha, the minister of state for finance and revenue, assured the group that the government had developed a plan to put structural and macroeconomic policies into place with the goal of reducing economic imbalances, promoting inclusive growth over the long term, and creating job opportunities.

She informed the committee of the delay in the IMF’s (International Monetary Fund) slated ninth review. Since September 2022, estimates for prioritised repair costs as well as humanitarian aid costs due to flood-related occurrences have been pending, she continued.