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Articles for tag: alarm, among, Bill, burden, Funding, Pensioners, proposed, retirement

June 14, 2025

News Desk

The proposed retirement burden on Bill funding causes alarm among pensioners

A man counts Pakistani rupees at a currency exchange store in Peshawar, September 12th 2023. – Reuters Higher tax burden probably in people with lower annual income. Movement needs a thorough review of the proposed changes in the law. FBR was obliged to treat the pension as a separate block. ISLAMABAD: A controversial proposal under the 2025-26 funding bill on tax income exceeding 10 million Rs per year at a 5% interest rate has raised widespread concern and criticism between pensioners and tax experts. Critics argue that the proposed changes, if approved by parliament, could inadvertently lead to a higher

May 10, 2025

News Desk

Pensioners accuse bank of not following SBP policy

The picture shows the Pakistan state bank in Karachi. – SBP/Website Jhang: The elderly, including pensioners and local businessmen, addressed the authorities on Friday to know the installation of a new ATM at the Regional Office’s premises, allegedly facilitating the office of the office instead of serving the bank’s customers. They argued that instead of replacing the often dysfunctional ATM at the branch of the Community Center, the decision to install a new machine in a residential area was opposed to the interests of the citizens. They point out that the Pakistani State Bank had implemented a policy that relieves

October 7, 2024

News Desk

How to avoid scammers targeting pensioners on WhatsApp

The image shows various icons of social media apps, including WhatsApp. — Unsplash/File In an alarming development, scammers are targeting pensioners on WhatsApp in India as the deadline for government pensioners to submit their Jeevan Pramaan certificate approaches. The certificate must be submitted to the authorized pension disbursing agencies such as banks every year in November. In an attempt to con them out of money by stealing their personal details, scammers are asking pensioners to share their personal details via the popular messaging platform. After such incidents emerged, the government has warned that official updates will not be sent through

Pakistan Information Commission orders BISP to disclose list of Govt. Employees received irregular cash transfers

ISLAMABAD: The Pakistan Information Commission (PIC) has directed the Benazir Income Support Program (BISP) to publicly disclose the list of government employees, pensioners, and spouses of government employees who irregularly received cash transfers from the BISP program. This directive follows an appeal by citizen Saad Ullah, who exercised his right to information under the Right of Access to Information Act, 2017. Saad Ullah’s appeal sought a detailed list of government employees and pensioners who irregularly received cash transfers, including their names, grades, and the total disbursed amounts. He also requested similar information regarding the spouses of government employees and pensioners

May 10, 2024

News Desk

IMF urges Pakistan to tax pensioners

Islamabad: The International Monetary Fund (IMF) has asked Pakistan to tax civilian and military pensioners and withdraw tax exemptions from various pension schemes, as the Fund’s mission quietly lands in Islamabad to begin negotiations on two bailouts. The global lender’s call for pensions to be taxed is part of a series of recommendations it has made for inclusion in the upcoming budget. The IMF has asked Pakistan to recover additional taxes equal to 0.5% of its Gross Domestic Product (GDP) or about Rs 600 billion from wage earners and entrepreneurs. If the government accepts the IMF’s demand to tax pensioners

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