Tax compliance is crucial for the economic development of Pakistan. The government has been implementing stringent measures to enhance tax collection and support taxpayers. In addition to digitalizing tax processes and automating payments, the government has introduced initiatives to recognize and incentivize the highest taxpayers and exporters.
Recognition of Top Taxpayers:
- Imtiaz Hussain: Leading the List
- Imtiaz Hussain, owner of Imtiaz Provision Store, tops the list of Pakistan’s highest taxpayers.
- His contribution reflects individual commitment to tax compliance and fiscal responsibility.
2. Musadaq Zulqarnain: Chairman of Interloop Ltd
- Musadaq Zulqarnain, Chairman of Interloop Ltd, secures the second position.
- His company’s significant tax contribution showcases corporate responsibility towards nation-building.
3.Tarique Aziz Channa: Proprietor of MBC & SONS Builders & Developers
- Tarique Aziz Channa, proprietor of MBC & SONS Builders & Developers, ranks third.
- His firm’s tax payments highlight the vital role of the construction sector in revenue generation.
4.Muhammad Haroon Mehmood: Volta’s Contribution
- Muhammad Haroon Mehmood, head of Volta, holds the fourth spot.
- Volta’s tax payments demonstrate the importance of manufacturing industries in taxation.
5. Tariq Rafi: Siddiqsons Group’s Impact
- Tariq Rafi from Siddiqsons Group secures the fifth position.
- The contribution of Siddiqsons Group underscores the significance of diversified industrial sectors in tax revenue.
Top Taxpaying Companies:
- Muslim Commercial Bank Limited (MCB)
- United Bank Limited (UBL)
- Standard Chartered Bank (Pakistan) Limited
- Habib Bank Limited (HBL)
- National Bank of Pakistan (NBP)
