Government Considers Income Tax Relief for Salaried Workers
In response to economic challenges, the federal government is looking into providing income tax relief for salaried individuals. Prime Minister Shehbaz Sharif has directed his economic team to explore options for financial assistance.
Sources from the Ministry of Finance reveal that the government is considering a relief package worth Rs 40 billion. This package would benefit individuals earning up to Rs 100,000 per month. The goal is to offer support to those in lower salary brackets who are facing increasing economic pressures.
Before finalizing any decisions, the government plans to consult with the International Monetary Fund (IMF) to ensure that the relief package aligns with existing financial agreements. The proposed relief would not come from the annual budget but would be f...