Senate rejects tax hikes for workers

The Senate of Pakistan has rejected the government’s budget proposal to increase the tax burden on salaried and non-salaried business individuals. It also proposed excluding the asset details of a financially independent spouse from the wealth statement of filers. On Monday, the upper house of Parliament sent its recommendations to the National Assembly (NA) for incorporation in the Finance Bill 2024-25. Finance Minister Muhammad Aurangzeb will respond to these recommendations in his speech today (Tuesday).