More

    The Chairman of Siddiqsons Group Receives 4th Highest Taxpayer Award from the Prime Minister of Pakistan

    Today, Prime Minister Shehbaz Sharif presented awards to 65 leading exporters and compliant taxpayers in a ceremony held at the PM Office. Among the recipients, Mr. Tariq Rafi, the Chairman of Siddiqsons Group, was recognized as the 4th highest taxpayer by the Prime Minister.

    Established in 1959, Siddiqsons Group has excelled in various sectors including Textile & Denim Manufacturing, Real Estate & Construction, Tinplate Manufacturing & Tin-Can Packaging, and Dairy Industries, expanding its presence globally.

    The ceremony saw the distribution of approximately 40 awards to top exporters in sectors like textiles, sports, surgical goods, pharmaceuticals, foods, and steel. Moreover, awards were presented to taxpayers who contributed significantly through their income tax payments in various categories such as companies, AOPs, and individual taxpayers.

    The government also acknowledged Small and Medium Enterprises (SMEs) and first-time filers who made substantial contributions to the national treasury, offering special incentives to those who made significant tax payments.

    Noteworthy features of the Prime Minister’s awards for compliant taxpayers and exporters included recognizing (i) top IT exporters, (ii) large exporters in sectors other than textiles, (iii) first-time exporters with export values exceeding $10 million, (iv) exporters of non-traditional products, (v) women exporters, and (vi) those with the highest growth compared to the previous year.

    Compliant taxpayers were acknowledged based on criteria such as (i) highest individual income taxpayers, (ii) AOPs and companies with the highest tax contributions, (iii) overall highest taxpayers, (iv) new taxpayers with substantial tax payments, (v) business income taxpayers with significant growth, (vi) entrepreneur taxpayers, (vii) SMEs, (viii) taxpayers with substantial foreign direct investment (FDI), and (ix) entrepreneurs from underdeveloped regions.

    Also Read: PTCL’s Acquisition of Telenor Pakistan Still Under Review by CCP

    Latest articles

    AAOIFI and Meezan Bank jointly hosted a public hearing session on the new AAOIFI Sukuk Standard

    The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) with Meezan Bank hosted a significant public hearing session on the draft Shariah Standard...

    Suleman Dawood School of Business Reaccredited by AACSB International

    AACSB International Board of Directors has extended the accreditation for the degree programmes offered by the Suleman Dawood School of Business (SDSB) at LUMS. In...

    Foreign Investors Express Concern Over Pakistan’s Security in OICCI 2024 Survey

    The Overseas Investors Chamber of Commerce and Industry (OICCI), has released the results of its latest Security Survey 2024, highlighting increasing concerns over the...

    Aoun Ali Khan: Captivating Audiences Across Music, Film, and TV with Unmatched Creativity

    Aoun Ali Khan, brimming with talent, has hit the music, film, and TV headlines in an extraordinary outpour of creative fervor. The multi-faceted artist,...

    Related articles