Less than 2% of Lahoris pay taxes as only 244,188 filed tax returns last year

BusinessLess than 2% of Lahoris pay taxes as only 244,188 filed tax...

ISLAMABAD, Pakistan: Only a total of 244,188 dwellers of Lahore paid their taxes in 2018, depicting one of main reasons behind a gloomy state of Pakistan’s economy, the Dispatch News Desk (DND) news agency reported.

It is worth noting that as per the 6th Population Census held in 2017, Lahore is the country’s second most populous city wherein 11,126,285 people reside.

However, as per the data submitted in the Senate by the Minister for Finance, Revenue and Economic Affairs, it was revealed that the number of income tax return filers in Lahore Circle in 2018 stood at 244,188.

The data also revealed that in 2007, the number of taxpayers in Lahore were 129,676 whereas in 2017, it stood at 267,124 but it registered a dip last year.

Bear in mind that in historical as well as one of Country’s most socially liberal and progressive Lahore city, over 4 million motorcycles and over 2 million cars are registered.

There are eight DHA Phases in Lahore, wherein the price of an around 10 Marla plot is Rs 20 to 30 million.

In addition, numerous posh residential areas such as Gulberg, Garden Town, Faisal Town, Model Town, Johar Town, Shadman, and Bahria Town are located in Lahore. Approximately, 1.5 million dwellers reside in these posh residential areas and villas but yet a very thin number of people have registered themselves as tax return filers.

In such scenario, a question arises that can Pakistan survive wherein the governments have miserably failed to expand the tax network and mostly the salaried class has to bear all the burden. Whereas others seems to be virtually exempted from paying taxes.

Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

Pakistan releases 200 Indian fishermen

ISLAMABAD, Pakistan: The Pakistani government released further 200 Indian fish workers on Thursday as a humanitarian gesture.The Spokesperson of the Ministry of Foreign Affairs...

Hammad Azhar terms reports of his involvement in May 9 mayhem ‘pack of lies’

Urges TV Channel to air his statement alike to false news attributed to sourcesISLAMABAD, Pakistan: The Pakistan Tehreek-e-Insaf (PTI) senior leader Hammad...

Pakistan records highest ever inflation in May 2023 with 38%

ISLAMABAD, Pakistan: The Consumer Price Index (CPI) jumped to 38.0 percent on Year-on-Year (YoY) basis in May 2023, registering the highest ever inflation in...
Register a Business with FBR as sole owner

FBR collects Rs 605 billion gross revenue against all odds

ISLAMABAD, Pakistan: Despite all odds, the Federal Board of Revenue (FBR) has put in tremendous effort to achieve the revenue target for the month...

UAE jobs 2023: 500 Emiratis to get training & jobs in Industrial Sector

ABU DHABI, UAE: In the United Arab Emirates (UAE), more than 70 Industrial Companies will offer training and employment opportunities to 500 Emiratis, aiming...