Pakistan, July 5 -- The federal government has started collecting taxes on all types of bank transactions for both filers and non-filers from July 1. The government has increased the tax rate for non-filers on cash withdrawals from banks, while filers are also subject to withholding tax for withdrawals exceeding Rs50,000 per day.

According to the new tax regime, filers will be charged 0.3% tax on withdrawals exceeding Rs50,000 per day, while non-filers will be charged 0.6%. Furthermore, banks have increased their charges, including ATM card fees, SMS alert fees, and fees for using other banks' ATMs. These additional charges have led to disputes between bank customers and staff, with many expressing frustration over the increased costs. ...