Business Pakistan Top Stories Trending Now

Karachi tops highest taxpaying citizens’ list with 33 out of 50

ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday released a list of 150 citizens who have paid highest taxes, with the Karachi-based citizen occupying the 33 slots in the top 50.

Karachi’s Saima Shahbaz Malik topped the category for the tax year 2018. Of the total, Mehvish A. Tapal, who was ranked at 45 in the category of the top 50 individuals, is also from Karachi.

The FBR issued lists of the top 50 taxpayers in three categories — individuals, association of persons (AoPs), and companies.

In the category of individual taxpayers, Karachi’s denizens have proved to be the highest contributors, with 33 individuals who contributed the highest taxes in the tax year 2018. This is followed by six individuals from Lahore, three from Gujranwala, and two from Islamabad. Sukkur, Abbottabad, Hyderabad, Quetta and Multan each have one taxpayer who in included in the top 50 list.

In the tabulation of the top 10 taxpayers, former prime minister Shahid Khaqan Abbasi ranks at the 5th position. This list is topped by Karachi’s Saima Shahbaz Malik, followed by Muhammad Yasin Malik, Ahmed Ullah, and Hasan Mansha. Others on this list are Syed Babar Ali, Rehan Hassan, Imtiaz Hussain, Malik Shahid and Muhammad Hanif Jiwani.

Subsequently come Ainul Haq in Quetta, Naveed Ahmed Mahar in Sukkur, Muhammad Ramzan in Multan, Ghulam Mustafa in Hyderabad, and Muhammad Dawood Khan in Abbottabad. No person from Peshawar makes a presence.

Karachi also lead the list of the top 50 taxpaying AoPs, with 17 AoPs paying the highest amounts to the exchequer during the 2018 tax year, followed by 10 in Lahore, eight in Quetta, three each in Gujranwala and Islamabad, two each in Hyderabad, Peshawar, Abbottabad and Sukkur, and one in Multan.

The top 10 AoPs principal officers/partners include Muhabbat Khan at the primary position, followed by Waseem Afzal, Asif Majeed, Muhabbat Khan, Muzaffar Hayat Paracha, Ch. Aamir Latif, Azeem Khan Yousafzai, Nizamuddin, Pehlaj Rai, and Syed Masood Hussain Shah.

In terms of taxes paid by companies, once again Karachi heads the list with 21 contributing the highest amounts, followed by 16 companies registered in the Islamabad Capital Territory, nine in Lahore, two in Multan and one each in Faisalabad and Peshawar.

The top 10 companies on the FBR list include the Oil and Gas Development Company Ltd, United Bank Ltd, Government Holdings (Private) Ltd, Pakistan Petroleum Limited, Pakistan State Oil Company Ltd, the Allied Bank of Pakistan, the Pakistan Telecommunications Authority, Habib Bank Ltd, Indus Motor Company Ltd, and Nestle Pakistan Ltd.

Dear TNT Reader,

At The News Tribe, our mission is to bring you free, independent, and unbiased news and content that keeps you informed and empowered. We are committed to upholding the highest standards of journalism, as we understand that we are a platform for truth.

Apart from independent global news coverage, we also commit our unique focus on the Muslim world. In an age marked by the troubling rise of Islamophobia and widespread misrepresentation of Muslims in Western media, we strive to provide accurate and fair coverage.

But to continue doing so, we need your support. Even a small donation of 1$ can make a big difference. Your contribution will help us maintain the quality of our news and counteract the negative narratives that are so prevalent.

Please consider donating today to ensure we can keep delivering the news that matters. Together, we can make a positive impact on the world, and work towards a more inclusive, informed global society.

Monthly Subscription Annual Subscription

Visa Card MasterCard American Express Card

We want to hear your Travel Stories.

Do you have a memorable, unbelievable, or favorite travel experience? Share your story with us.