Who are the biggest taxpayers in Pakistan?

Who are the biggest taxpayers in Pakistan?
Prime Minister Shehbaz Sharif provides an award to among the recipients at the Tax Excellence Awards 2024, in Islamabad on March 26, 2024.-- PID
Prime Minister Shehbaz Sharif provides an award to among the recipients at the Tax Excellence Awards 2024, in Islamabad on March 26, 2024.– PID

Prime Minister Shehbaz Sharif, a day previously, had actually stated the nation’s certified taxpayers– consisting of traders and business people– as the nation’s ambassadors, showering them with applauds and grants for their favorable contribution to Pakistan’s economy.

He likewise revealed that blue passports would be provided to the greatest taxpayers, approving them an honourary ambassadorship.

Attending to participants at the Tax Excellence Awards 2024 in Islamabad, PM Shehbaz stated the leading exporters and greatest taxpayers are the heroes of Pakistan and innovators for others, The News reported on Wednesday.

While the list of certified taxpayers, who were bestowed with prizes for their contribution, was long and divided into classifications, the premier called one business person who stood apart as the greatest payer of earnings tax in Pakistan– Muslim Commercial Bank (MCB) Chairman Mian Muhammad Mansha.

Mansha is among the nation’s wealthiest and greatest industrialists with services spread throughout numerous markets, significantly banking, fabrics and hospitality, to name a few. He is the creator and CEO of the Lahore-based worldwide corporation Nishat Group.

Prominent business person Mian Muhammad Mansha (left) in addition to his child Hassan Mansha contacted Prime Minister Shehbaz Sharif and contributed a quantity of Rs.23/- Million for PMs Flood Relief Fund in Lahore on October 2, 2022.-- Instagram/@pmlnawazofficial
Distinguished entrepreneur Mian Muhammad Mansha (left) in addition to his boy Hassan Mansha contacted Prime Minister Shehbaz Sharif and contributed a quantity of Rs.23/- Million for PM’s Flood Relief Fund in Lahore on October 2, 2022.– Instagram/@pmlnawazofficial

He was granted Pakistan’s prominent civil award, the Sitara-e-Imtiaz (Star of Excellence) in 2004 in acknowledgment of his contributions to commercial advancement.

Other entrepreneur who were rewarded for being greatest earnings tax payers consisted of United Bank Limited Chief Financial Officer Arif Akmal Saifie, Standard Chartered Bank’s Rehan Sheikh, Habib Bank Limited’s Mohammad Ali and Rehmat Ali Hassnie of National Bank of Pakistan.

Here’s a list of entrepreneur and traders who were rewarded for their compliance in taxpaying in the following classifications.

Association of Persons (AOPs)

The AOPs classification consists of entrepreneur Nazim Feroz.

Private taxpayers

This classification acknowledged Umer Shakeel of Imtiaz Provision Store; Musadaq Zulqarnain, Chairman of Interloop Ltd; Tarique Aziz Channa, Proprietor of MBC and Sons Builders and Developers; and Tariq Rafi, owner of Shamsi Associates.

New taxpayers

New taxpayers who paid the optimal tax consist of Tauseef Nawaz, Managing Partner of M/s Logisticsone; and Raheem Nawaz, Managing Partner of Fertlink International.

SMEs

In the last classification of SMEs, Khalid Yousuf, owner/sole owner of Khalid Yousuf Modern Pain Industries; Rana Nadeem, CEO of Nadeem Rana Publisher; and Muhammad Aslam were identified.

Exporters

In the awards provided to exporters, the premier honoured Shahzad Asghar Ali, CEO of Style Textile Pvt Ltd; Muhammad Maqsood, Group CFO/President of Interloop Limited; Mian Umer Mansha, CEO of Nishat Mills Ltd; Murtaza Ahmed, CEO of Artistic Milliners; Wasif Sattar, Director HR of Gul Ahmed; Zulfiqar Ali Khan of Yunus Textile; Hasan Saleem of Liberty Mills; and Ali Asrar Hussain Aga of United States Apparel and Textiles. The sector-wise recipients consist of Asif Jooma, CEO of ICI, and Mujtaba, CEO of Archroma Pakistan Ltd in the chemical sector; Faisal Graib of Graibsons Pvt Ltd and Bilal Ismail Ahmed of Ismail Industries in the foodstuff sector.

This list likewise consisted of Chaudhry Saif Javed, Director of Service Global Footwear Limited, in the leather sector; Muhammad Mustafa Bin Talha, Director Operations of Pakistan Accumulators, in the equipment sector; Misbah Burney, Finance Director of Tetra Pak Ltd, in the paper and plastics sector; Khalid Mehmood, CEO of Getz Pharma Pvt Ltd, in the pharmaceutical sector; Muhammad Mansha of Forward Sports Pvt Ltd and Jarrar Hussain Awan of Awan Sports Industries in the sports sector; Mughal Steel in the steel and metal sector; and Ali Azfar Naqvi, Head of Commercial Operations of United Energy Pakistan Limited in the classification of other exporters.

Non-traditional exporters

In the classification of non-traditional exporters, the recipients consisted of Syed Asad Hussain Zaidi, CFO of Pakistan Aluminum and Beverages; Jehanzaib Riaz, Director of Finance of Shan Foods Private; and Shahid Rathore, Managing Partner of Maritime Seafood.

Infotech exporters

For the leading exporter of infotech, the winners were Asif Peer, Chief Executive of System Limited; Waseem Ahmed of Contour Software Pvt Ltd; and Abu Bakar Hanif of ABS Labs. Those with the greatest development consist of Naved Amer of Fine Textiles and Abdul Rehman of Ali Murtaza Associates.

Newbie exporters granted consist of Muhammad Abdullah, Director of M/s Hasan Rice Corporation (Pvt) Ltd; Mian Dad, Director of M D K Exports and Imports; and Mohsin Aziz, Principal Officer/Member of M/s Waqar Rice Mills (AOP). Ladies exporters identified are Hira Butt, child of the taxpayer; Huma Arshad, owner of Huma Arshad AA Enterprises; and Salma Sultana, owner of Salma Sultana Babar Brothers.

All taxes

The greatest taxpayers in the classification of all taxes consisted of Syed Taha, MD of Pakistan State Oil; Syed Ali Akbar, MD/CEO of Pakistan Tobacco Company (PTC); Ahmed Hayat Lak, Managing Director of OGDCL; Irteza Ali Qureshi, Managing Director of Pak-Arab Refinery Limited; Imran Abbasy, CEO of PPL; Ali Asghar Jamali, Indus Motors; Masood Nabi, Managing Director of Government Holdings (Private) Limited.

The list likewise identified Khurram Shah, Director Public Policy of PEPSI-Cola International (Private) Limited; Syed Imran ALI Shah of Meezan Bank; Nauman Ahmed Usmani of National Refinery Limited; Faheem Haider, Managing Director of Mari Petroleum; and Syed Omar of Coca Cola.

Find out more

Leave a Reply

Your email address will not be published. Required fields are marked *