Pakistan increases tax on mobile phone recharge

10:20 PM | 18 Jan, 2022
Pakistan increases tax on mobile phone recharge

KARACHI – The federal government has decided to charge 15 percent withholding tax on every prepaid mobile phone recharge.

Reports said that consumers will have to pay Rs9.03 withholding tax on recharge of Rs100.

Meanwhile, cellular companies have announced charging consumers additional taxes. Following the development, consumers will get a net balance of Rs86.03 instead of Rs90.91.

The move will help the government to generate additional revenue of Rs43 billion, Geo News reported. 

Gold price drops by Rs200 per tola in Pakistan 08:59 PM | 18 Jan, 2022

KARACHI – The price of gold in Pakistan dropped by Rs200 per tola on Monday to close at Rs125,000 per tola. The ...