PM intervenes to maintain 15% tax on bank profits
Islamabad: The 15% additional income tax on banks may remain in place after Prime Minister Shehbaz Sharif intervened on Thursday, instructing authorities not to provide any relief to banks. The Prime Minister’s intervention came as the government finalized new tax avenues that may be announced today (Friday) when the 2024-2025 Budget is passed. The National Assembly is expected to approve the new budget and unveil new tax proposals, which are over and above the Rs1.5 trillion in taxes imposed on June 12. At least two cabinet members confirmed to The Express Tribune that the prime minister intervened after widespread backlash


