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Home Kuwait

‘Corporate layoffs a possibility now’: Experts react to govt’s imposition of ‘super tax’ – Pakistan

admin by admin
June 24, 2022
in Kuwait
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In a major economic development, the government on Friday imposed an extra one-time 10% tax called the super-tax on the large-scale industry for one year to raise over Rs400 billion.

Additional taxation measures of over Rs436bn on the cards

Finance Minister Miftah Ismail stated that the measures were essential “to curtail the previous four record budget deficits”.

However, market analysts have expressed concern that the development…



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