Featured Karachi’s Saddar – the highest tax-paying market in Pakistan

[Morpheus]

Karachi’s Saddar – the highest tax-paying market in Pakistan

SAMAA | Bilal Hussain - Posted: Sep 18, 2020 | Last Updated: 3 hours ago

Photo: Online

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Karachi’s iconic Saddar market is the highest tax paying market in Pakistan, according to data shared by the Federal Board of Revenue for 2018.

Saddar has 72,339 tax filers, who collectively paid Rs77.2 billion in taxes for the fiscal year ended in June, 2018.

After Karachi’s Saddar, Islamabad’s Blue Area paid the highest amount in taxes at Rs40 billion with the total number of filers standing at 5,854.
The highest tax-paying market in the country’s second largest city, Lahore, was Multan Road, where 17,800 filers paid Rs11 billion in taxes.

FBR has compiled the data on the basis of the registered addresses of filers. Retail outlets have been reported as per the registered address of their head offices.

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Karachi’s Saddar – the highest tax-paying market in Pakistan

72,339 filers paid Rs77.2b in taxes in 2018, says FBR

www.samaa.tv

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http://download1.fbr.gov.pk/Docs/20209181193938934TaxDirectoryAnalysisforyearended30June2018.pdf

Page 29/31

View attachment 671273

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72K taxpayers paid 1million each in one tax year.

 

[Areesh]

And you can go to Saddar and check yourself the condition of Saddar and its markets

No cleaning system
No development
Poor planning

That's what Saddar guys get for being the highest tax payers of Pakistan

 

[Syed1.]

That is just one bazaar.... Go and see Jodia Bazaar, Soldier Bazaar etc etc.


Leken nahi bhai Karachi zayda tax siruf port ki wajah se dehta hai

 

[PaklovesTurkiye]

@krash @SQ8 @Pan-Islamic-Pakistan @Zibago @Hiraa

 

[Pan-Islamic-Pakistan]

Karachi ka tax ka pesa Karachi hi mein kharchna chahiye.

 

[Naofumi]

Off topic : Delhi has a market which bears the same name.

Sadar Bazaar, Delhi - Wikipedia

en.wikipedia.org

 

[W.11]

The downtown area really looks like a shanty town despite being such a trading hub and expensive area tbh. the streets you go smell of pee every where. Such a revenue generating area mustn't be in such shambles.

regards

 

[krash]

Karachi’s Saddar – the highest tax-paying market in Pakistan

SAMAA | Bilal Hussain - Posted: Sep 18, 2020 | Last Updated: 3 hours ago

Photo: Online

​

Karachi’s iconic Saddar market is the highest tax paying market in Pakistan, according to data shared by the Federal Board of Revenue for 2018.

Saddar has 72,339 tax filers, who collectively paid Rs77.2 billion in taxes for the fiscal year ended in June, 2018.

After Karachi’s Saddar, Islamabad’s Blue Area paid the highest amount in taxes at Rs40 billion with the total number of filers standing at 5,854.
The highest tax-paying market in the country’s second largest city, Lahore, was Multan Road, where 17,800 filers paid Rs11 billion in taxes.

FBR has compiled the data on the basis of the registered addresses of filers. Retail outlets have been reported as per the registered address of their head offices.

​

Karachi’s Saddar – the highest tax-paying market in Pakistan

72,339 filers paid Rs77.2b in taxes in 2018, says FBR

www.samaa.tv

-----------------------

72K taxpayers paid 1million each in one tax year.

@krash @SQ8 @Pan-Islamic-Pakistan @Zibago @Hiraa

Last year Samaa claimed the same report showed 50,200 tax filers in 6 of Karachi's largest markets, including Sadar, who paid 30 billion in taxes. A year later the figure has risen to 72,339 tax filers only from Sadar paying Rs77.2 billion in the same 2018 report. The amusing bit is that FBR's own reports do not agree with either figures.

I have been unable to find any FBR report which agrees with Samaa's claim. I'd appreciate it if someone could help in this regard.

Off topic : Delhi has a market which bears the same name.

Sadar Bazaar, Delhi - Wikipedia

en.wikipedia.org

Legacy of the colonial times. There's a Sadar Bazaar in many Pakistani cities, e.g. Lahore, Rawalpindi, Peshawar. There's usually a 'Mall Road' too.

Karachi ka tax ka pesa Karachi hi mein kharchna chahiye.

That is not how taxation works. Tax is owed to the federation, to the entirety of it. It is not charity given out of generosity. The tax you pay in, say, Lahore is owed by you to every single other Pakistani in the country. Or should the tax I pay be only spent on my street? The correct demand is that Karachi should get its rightful share of funds, which it does not at all.

ps: The federal taxes are not spent on regional projects/budgets. City budgets come from provincial revenue. The funds the federal government allots each province from the federal revenue are negligible. IIRC, under the PMLN, Punjab was giving its allotted share from the federal revenue to Balochistan.

 

[Morpheus]

Last year Samaa claimed the same report showed 50,200 tax filers in 6 of Karachi's largest markets, including Sadar, who paid 30 billion in taxes. A year later the figure has risen to 72,339 tax filers only from Sadar paying Rs77.2 billion in the same 2018 report. The amusing bit is that FBR's own reports do not agree with either figures.

View attachment 671172

View attachment 671171

I have been unable to find any FBR report which agrees with Samaa's claim. I'd appreciate it if someone could help in this regard.




Legacy of the colonial times. There's a Sadar Bazaar in many Pakistani cities, e.g. Lahore, Rawalpindi, Peshawar. There's usually a 'Mall Road' too.



That is not how taxation works. Tax is owed to the federation, to the entirety of it. It is not charity given out of generosity. The tax you pay in, say, Lahore is owed by you to every single other Pakistani in the country. Or should the tax I pay be only spent on my street? The correct demand is that Karachi should get its rightful share of funds, which it does not at all.

ps: The federal taxes are not spent on regional projects/budgets. City budgets come from provincial revenue. The funds the federal government allots each province from the federal revenue are negligible. IIRC, under the PMLN, Punjab was giving its allotted share from the federal revenue to Balochistan.

http://download1.fbr.gov.pk/Docs/20209181193938934TaxDirectoryAnalysisforyearended30June2018.pdf

Page 29/31

 

[fitpOsitive]

And you can go to Saddar and check yourself the condition of Saddar and its markets

No cleaning system
No development
Poor planning

That's what Saddar guys get for being the highest tax payers of Pakistan

If you want to see cleaning than you need to go either to Islamabad or Lahore.
We don't deserve that.
I often think, what difference will it make for us if India takes over Pakistan?
Ghulam hain, Ghulam rahaingy.

 

[mikkix]

If you want to see cleaning than you need to go either to Islamabad or Lahore.
We don't deserve that.
I often think, what difference will it make for us if India takes over Pakistan?
Ghulam hain, Ghulam rahaingy.

There is not a single difference. Balochistan was better under british. Kashmiri dont want to be part of shitty islamabad.

 

[W.11]

Legacy of the colonial times. There's a Sadar Bazaar in many Pakistani cities, e.g. Lahore, Rawalpindi, Peshawar. There's usually a 'Mall Road' too.

down town markets are not exactly ''colonial'' influence, downtown markets have a deep rooted history in south asia,

a tughlaq king has been attributed to the construction of several specialized market places such as spice market etc in Delhi, similar thing can be seen in Karachi for instance cloth market, electronics market etc.

regards

 

[Kamikaze Pilot]

And you can go to Saddar and check yourself the condition of Saddar and its markets

No cleaning system
No development
Poor planning

That's what Saddar guys get for being the highest tax payers of Pakistan

@Indus Pakistan @Yankee-stani

- PRTP GWD

 

[The Accountant]

Last year Samaa claimed the same report showed 50,200 tax filers in 6 of Karachi's largest markets, including Sadar, who paid 30 billion in taxes. A year later the figure has risen to 72,339 tax filers only from Sadar paying Rs77.2 billion in the same 2018 report. The amusing bit is that FBR's own reports do not agree with either figures.

View attachment 671172

View attachment 671171

I have been unable to find any FBR report which agrees with Samaa's claim. I'd appreciate it if someone could help in this regard.




Legacy of the colonial times. There's a Sadar Bazaar in many Pakistani cities, e.g. Lahore, Rawalpindi, Peshawar. There's usually a 'Mall Road' too.



That is not how taxation works. Tax is owed to the federation, to the entirety of it. It is not charity given out of generosity. The tax you pay in, say, Lahore is owed by you to every single other Pakistani in the country. Or should the tax I pay be only spent on my street? The correct demand is that Karachi should get its rightful share of funds, which it does not at all.

ps: The federal taxes are not spent on regional projects/budgets. City budgets come from provincial revenue. The funds the federal government allots each province from the federal revenue are negligible. IIRC, under the PMLN, Punjab was giving its allotted share from the federal revenue to Balochistan.

U should read the report first. It mentions the tax of retailers whole sellers and traders. What about other business activities? Importers exporters manufacturers services providers ?

Kindly do some research before posting something as it create false narratives.

 

[Indus Pakistan]

@Indus Pakistan @Yankee-stani

Tarbela is highest money generating then any market. And tiny Sui village generates more than half of Karachi. Yet the area gets zero investment. This childish game can be played all day ..