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Pakistan: World Bank suggests taxes on agri, real estate to infuse Rs 3 trn

Pakistan: World Bank suggests taxes on agri, real estate to infuse Rs 3 trn
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World Bank urges Pakistan to tax agriculture, real estate sectors, calls for progressive income tax reforms

World Bank urges Pakistan to tax agriculture, real estate sectors, calls for progressive income tax reforms
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world bank: World Bank suggests taxes on agriculture, real estate and retail sectors to infuse Rs 3 trillion in Pakistan, say reports

The World Bank has proposed closing all tax exemptions and including agriculture, retail, and real estate in the tax bracket to help Pakistan generate revenue. The bank suggests that if agriculture income and properties are properly taxed, it could contribute about three percent of the country s GDP annually. Additionally, real estate and agriculture are expected to yield two percent and one percent of GDP, respectively. ....

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