In a significant development for Pakistan’s sports community, the Federal Board of Revenue (FBR) has confirmed that no tax will be levied on the prize money awarded to Olympian Arshad Nadeem.
The decision comes as a boost to the renowned javelin thrower, who achieved remarkable success on the international stage.
The FBR’s ruling ensures that this prize money remains untaxed, providing Nadeem with financial relief and recognition for his hard work and dedication.
The tax exemption underscores the government’s commitment to supporting athletes and encouraging sports excellence in Pakistan.
It also sets a positive precedent for the treatment of prize money for future athletes, promoting an environment conducive to sports development.
This decision is expected to inspire more young athletes in Pakistan to pursue their sporting dreams, knowing that their achievements will be recognized and supported by the state.
