ISLAMABAD: The World Bank withdrew the proposal to impose tax on people earning 50,000 monthly salary. The World Bank retracted its proposal saying that the proposal was issued based on 2019 data, which needs to be updated to reflect recent inflation and labor market conditions. The spokesperson of the World Bank said that the Bank is not making any recommendations for the implementation of taxes. He added that the World Bank recommends comprehensive reforms in Pakistan’s tax system, reforms that would increase the tax burden on the rich and provide relief to the poor. According to government data, the salaried class has paid more tax than the total tax of rich exporters and real estate sector during the last three months. Online
