LAHORE: Excise and Taxation Department of Punjab has started issuing notices with three percent penalty on property tax for the defaulters who failed to submit their taxes.
Excise and Taxation Department is issuing notices to the defaulters with fine of three percent. Excise was receiving two percent penalty from defaulters that has increased one percent. There were 160,000 defaulters in Lahore who were failed to pay their property tax till end of December. After sending notices with two percent fine, number of defaulters paid their taxes with two percent fine but a large number of people have failed to pay their taxes. Excise officials are trying hard to achieve their targets as soon as possible as department is facing revenue shortfall. The directions have been given to all field staff to convince citizens to pay taxes.
Pakistan revises GDP growth to 3.65%, economy hits $450.4bn
ISLAMABAD: Pakistan’s economic growth rate for the fiscal year 2025-26 has been revised downward by 0.05 percentage points to 3.65%,...
