Pakistan Commercial Banks are illegally charging cash withdrawals Taxes on filers

Pakistan Commercial Banks are illegally charging cash withdrawals Taxes on filers

Pakistan Commercial Banks are illegally charging cash withdrawals Taxes on filers

Pakistani commercial banks are illegally charging taxes on filers for withdrawing cash via ATM or check, as the government of Pakistan and FBR do not mention charging filers for withdrawing cash. It has been reported that commercial banks have started to charge customers who are filers, and charging withholding tax is illegal and unethical on the banking side. 

It is expected that the government of Pakistan will take this matter into its own hands and investigate this matter, as in the Finance Act 2025 or in the budget 2025-2026, the government of Pakistan did not mention taxes on filers for withdrawing cash from banks via ATM or checks. It is expected that banks will be notified by the State Bank of Pakistan about this, and customers—those who have been charged by commercial banks—will get their money refunded as soon as possible.

Commercial banks have many lawyers and legal staff to assist them. However, such a naive mistake should not have happened, as it seems like commercial legal banks did not assist them properly and started to charge filers for withdrawing certain cash from ATMs or checks.

 

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