Aaj English TV

Tuesday, July 23, 2024  
17 Muharram 1446  

Pakistan decides to impose travel ban on non-filers

Proposes penalty of Rs10m for travel agencies that fail to implement new regulations
Reuters/File
Reuters/File

Pakistan has decided to restrict the foreign travel of non-filers, with the exception of those travelling for Hajj, Umrah, or educational purposes as the country presented its Rs18.9 trillion worth of budget on Wednesday.

According to the Finance Bill, the government has proposed a penalty of Rs10 million for travel agencies that fail to implement the new regulations.

Finance Minister Muhammad Aurangzeb presented the budget in a National Assembly session amid anti-Nawaz Sharif slogans from the opposition.

In his speech, he reiterated the need for digitising the Federal Board of Revenue and bringing reforms to the institution to improve tax collection.

The government has set an ambitious Rs12,970 billion tax revenue target for the FBR, which is 38 per cent more than the current fiscal year.

The Finance Bill further stated that a repeat offence of non-compliance would result in a fine of Rs20 million.

Also, read this

Budget 2024-25: Govt announces health insurance for journalists

Pakistan earmarks Rs2,122 billion for defence, here’s where it will go

Budget 2024-25: Salaries, pensions and minimum wage increased

It is worth noting that prior to this, the government had made preparations to take action against three million non-filers, which included the disconnection of their electricity and gas connections.

Media reports suggest that the government would also enforce the regulations on disconnecting the electricity and gas connections of non-filers. According to sources, the decision has been made to tighten the noose around tax evaders by leveraging tax laws.

For the latest news, follow us on Twitter @Aaj_Urdu. We are also on Facebook, Instagram and YouTube.

FBR

budget

tax

Taxes

budget 2024 25