Govt urged to ban Rs5,000 note to cut cash transactions

- The Overseas Investors Chamber of Commerce and Industry has suggested to the government that it should stop using the Rs5,000 currency note in order to reduce cash transactions.In addition, the OICCI has proposed that having a National Tax Number should be mandatory for opening bank accounts, as well as for buying and selling vehicles and properties.Furthermore, the chamber recommends that withholding tax should be applied to travel expenses and income tax should be charged on air tickets.

The government will consider these suggestions before deciding what to do about the Rs5,000 banknote. The federal budget, which is expected to be more than Rs17 trillion, is likely to be presented in Parliament on June 7 after getting approval from the federal cabinet in a special meeting.India needs lower tax on recruitment services to boost jobs, says industry bodyKP govt set to present Rs1,600bn surplus budget 2024-25PM Shehbaz in UAE: Pakistan seeks investment, not loans

پاکستان تازہ ترین خبریں, پاکستان عنوانات

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