S.R.O. 469(I)/2024, Islamabad, the 3rd April, 2024

Government of Pakistan Revenue Division Federal Board of Revenue Inland Revenue Notification Islamabad, the Yd April, 2024. S.R.O. 469 (1)/2024. — In exercise of the powers conferred under section 181B of the Income Tax Ordinance, 2001 (XLIX of 2001), (hereinafter referred as 'the Ordinance') the Federal Board of Revenue is pleased to issue "Pakistan Honour Card" scheme for tax year 2023. Short title and commencement. (1) This scheme shall be called the Pakistan Honour Card scheme. (2) This scheme shall come into force at once. Scope of the scheme. — (1) The scheme applies to top taxpayers falling under each category specified in paragraph 3 and were recipients of awards by the Prime Minister of Pakistan on the twenty sixth day of March, 2024 in the 'Tax Excellence Award' ceremony. The number of recipients in each category is provided against each entry in sub-paragraph (1) of paragraph 3. A person qualifying under the Scheme shall be issued a Pakistan Honour Card, hereinafter referred to as 'Card'. 3. Categories and entitled taxpayers. - (1) The following categories of taxpayers for the purpose of this Scheme and number of recipients as provided against each are entitled under the scheme, namely: (a) leading Exporters (top nine); sector wise exporters; chemical products (top two); food products (top two); leather (top two); machinery (top two) paper & Plastic (highest); pharmaceuticals (top two); sports goods (top two); steel & metal products (highest); and (ix) other exporters (highest). exporters of non-traditional and innovative products; aluminum & Articles (highest);  spices (highest); fish & crustaceans (highest); and information Technology (top three). exporters with highest growth over last year (top two); first time Exporters (top three); women Exporters (top three); highest taxpayers in all taxes (top twelve); highest taxpayers of income tax; companies (top five); (ii) association of Persons (AOPs) (highest); and (iii) individuals (top five). (i) new taxpayers with highest tax paid (top two); and (j) small and Medium Enterprises (SMEs) (top three). In respect of categories mentioned…