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Pakistan PM Announces 10% ‘Super Tax’ On Large Industries And 'Poverty Alleviation Tax' On Super-rich, Says Done To Save Country From Bankruptcy
- Pakistan Prime Minister Shehbaz Sharif on Friday announced a 10 per cent “super tax” on large-scale industries like cement, steel and automobiles, a move he said was aimed at tackling spiralling inflation and saving the cash-strapped country from going 'bankrupt.'
- High net worth individuals will also be subject to a 'poverty alleviation tax.
Pakistan PM Shehbaz Sharif
Pakistan Prime Minister Shehbaz Sharif on Friday announced a 10 per cent “super tax” on large-scale industries like cement, steel and automobiles, a move he said was aimed at tackling spiralling inflation and saving the cash-strapped country from going 'bankrupt.'
'Will prosperity come overnight after an agreement is signed? Not at all, (but) we have to strengthen our financial position,” he said.
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