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Pakistan contemplating Windfall Tax on profits of banking sector
Updated : 3 years, 4 months ago IST
The government is ascertaining the exact levels of windfall profits extracted by the banking sector through recent currency manipulation. The policymakers may slap a tax at a rate whereby there is no threat of choking the banking sector.
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Pakistan seeks increase in budget deficit from IMF
Updated : 3 years, 5 months ago IST
Pakistan is also considering imposing the flood Levy on those higher income brackets who are earning lofty profits in recent years and also said adjuster will be used to hike the budget deficit target envisaged at 4.9 per cent of GDP on eve of the budget for 2022-23.
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