ISLAMABAD: The federal government has announced a sweeping set of restrictions targeting individuals who fail to declare adequate income or pay sufficient taxes, barring them from making high-value purchases or large financial transactions.
According to a press release, non-compliant taxpayers will now be prohibited from purchasing:
- Cars worth more than Rs7 million
- Residential properties exceeding Rs50 million
- Commercial plots valued above Rs100 million
In addition to these asset restrictions, the new rules also limit the financial activity of such individuals. They will be barred from maintaining an annual bank balance above Rs100 million and from investing more than Rs50 million in securities within a year.
The move is part of a broader effort to expand the tax base, curb evasion, and enforce compliance, particularly as the government faces pressure to meet fiscal targets under ongoing international financial commitments.
