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flag Pakistan mulls 2% tax hike on bank deposit interest to boost revenue, seek IMF approval.

flag The Pakistani government is considering a 2% tax increase on interest income from bank deposits for both tax filers and non-filers in the 2025-26 budget, in line with efforts to boost revenue and gain IMF approval. flag Currently, filers face a 15% tax rate, while non-filers pay 35%. flag The proposal aims to fill a tax revenue gap but could affect bank deposit levels and individuals' financial comfort.

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