close
Advertisement
Can't connect right now! retry

add The News to homescreen

tap to bring up your browser menu and select 'Add to homescreen' to pin the The News web app

Got it!

add The News to homescreen

tap to bring up your browser menu and select 'Add to homescreen' to pin the The News web app

Got it!
 
May 20, 2015

Axact chief paid Rs26 income tax last year

Top Story

 
May 20, 2015

LAHORE: The IT company Axact’s Chief Executive, Shoaib Shaikh, who wanted to be “richer than Bill Gates” and whose company claims to have a presence in “six continents, 120 countries and 1,300 cities”, paid only Rs26 income tax in 2013-2014, and Rs22 in the previous period, reported private TV channels. Based on the lowest individual tax rate in Pakistan, Shaikh’s total declared annual income was just Rs400,520, or Rs33,377 a month, a report added.