Who are the biggest taxpayers in Pakistan? In a recent ceremony held in Islamabad, Prime Minister Shehbaz Sharif lauded the invaluable contributions of Pakistan’s compliant taxpayers, hailing them as the nation’s ambassadors for their positive impact on the economy.
Who are the biggest taxpayers in Pakistan?
The Prime Minister further announced the issuance of blue passports as a mark of honor to the highest taxpayers.
Praising the Economic Heroes
During his address at the Tax Excellence Awards 2024, PM Shehbaz emphasized the pivotal role played by leading exporters and top taxpayers, characterizing them as the heroes and trailblazers of Pakistan’s economic landscape.
Among the distinguished individuals acknowledged was Mian Muhammad Mansha, Chairman of Muslim Commercial Bank (MCB), recognized as the highest-income taxpayer in the country.
A Profile of Excellence
Mian Muhammad Mansha, a prominent industrialist with diversified business interests spanning banking, textiles, and hospitality, has long been renowned for his significant contributions to Pakistan’s industrial development.
His entrepreneurial endeavors have earned him accolades, including Pakistan’s prestigious Sitara-e-Imtiaz.
Celebrating Financial Stalwarts
The awards ceremony also recognized other notable individuals for their substantial contributions as top income taxpayers, including Arif Akmal Saifie from United Bank Limited, Rehan Sheikh from Standard Chartered Bank, Mohammad Ali from Habib Bank Limited, and Rehmat Ali Hassnie from the National Bank of Pakistan.
Diverse Recognition Across Categories
The event also celebrated taxpayers across various categories, ranging from Association of Persons (AOPs) to individual taxpayers, SMEs, exporters, and information technology exporters.
Notable recipients included Umer Shakeel, Musadaq Zulqarnain, Tarique Aziz Channa, Tariq Rafi, Khalid Yousuf, Rana Nadeem, Shahzad Asghar Ali, Muhammad Maqsood, and Mian Umer Mansha, among others.
Exporters
In the awards presented to exporters, the premier honoured Shahzad Asghar Ali, CEO of Style Textile Pvt Ltd; Muhammad Maqsood, Group CFO/President of Interloop Limited; Mian Umer Mansha, CEO of Nishat Mills Ltd; Murtaza Ahmed, CEO of Artistic Milliners; Wasif Sattar, Director HR of Gul Ahmed; Zulfiqar Ali Khan of Yunus Textile; Hasan Saleem of Liberty Mills; and Ali Asrar Hussain Aga of US Apparel and Textiles.
The sector-wise awardees include Asif Jooma, CEO of ICI, and Mujtaba, CEO of Archroma Pakistan Ltd in the chemical sector; Faisal Graib of Graibsons Pvt Ltd and Bilal Ismail Ahmed of Ismail Industries in the food products sector.
This list also included Chaudhry Saif Javed, Director of Service Global Footwear Limited, in the leather sector; Muhammad Mustafa Bin Talha, Director Operations of Pakistan Accumulators, in the machinery sector; Misbah Burney, Finance Director of Tetra Pak Ltd, in the paper and plastics sector; Khalid Mehmood, CEO of Getz Pharma Pvt Ltd, in the pharmaceutical sector; Muhammad Mansha of Forward Sports Pvt Ltd and Jarrar Hussain Awan of Awan Sports Industries in the sports sector; Mughal Steel in the steel and metal sector; and Ali Azfar Naqvi, Head of Commercial Operations of United Energy Pakistan Limited in the category of other exporters.
Non-traditional exporters
In the category of non-traditional exporters, the awardees included Syed Asad Hussain Zaidi, CFO of Pakistan Aluminum and Beverages; Jehanzaib Riaz, Director of Finance of Shan Foods Private; and Shahid Rathore, Managing Partner of Maritime Seafood.
Information technology exporters
For the top exporter of information technology, the winners were Asif Peer, Chief Executive of System Limited; Waseem Ahmed of Contour Software Pvt Ltd; and Abu Bakar Hanif of ABS Labs. Those with the highest growth include Naved Amer of Fine Textiles and Abdul Rehman of Ali Murtaza Associates.
First-time exporters awarded include Muhammad Abdullah, Director of M/s Hasan Rice Corporation (Pvt) Ltd; Mian Dad, Director of M D K Exports and Imports; and Mohsin Aziz, Principal Officer/Member of M/s Waqar Rice Mills (AOP). Women exporters recognised are Hira Butt, daughter of the taxpayer; Huma Arshad, owner of Huma Arshad AA Enterprises; and Salma Sultana, owner of Salma Sultana Babar Brothers.
All taxes
The highest taxpayers in the category of all taxes included Syed Taha, MD of Pakistan State Oil; Syed Ali Akbar, MD/CEO of Pakistan Tobacco Company (PTC); Ahmed Hayat Lak, Managing Director of OGDCL; Irteza Ali Qureshi, Managing Director of Pak-Arab Refinery Limited; Imran Abbasy, CEO of PPL; Ali Asghar Jamali, Indus Motors; Masood Nabi, Managing Director of Government Holdings (Private) Limited.
The list also recognised Khurram Shah, Director Public Policy of PEPSI-Cola Intyernational (Private) Limited; Syed Imran ALI Shah of Meezan Bank; Nauman Ahmed Usmani of National Refinery Limited; Faheem Haider, Managing Director of Mari Petroleum; and Syed Omar of Coca Cola.
Emphasizing Economic Growth and Development
The ceremony underscored the significant role played by these individuals and entities in driving economic growth and development in Pakistan.
It served as a testament to their dedication and commitment to the nation’s prosperity.
