ISLAMABAD(National times)- The Council of Islamic Ideology (CII) has declared the imposition of withholding tax on cash withdrawals as un-Islamic, terming it equivalent to exploitation. In its latest meeting, the CII emphasised that the council must be included in the legislative process concerning laws related to human milk. The council stressed the importance of ensuring Sharia compliance in such sensitive matters. The council also opposed proposed amendments to the law of Diyat (blood money), stating it does not agree with the bill presented. According to the CII, the original Sharia-prescribed quantities for Diyat—based on gold, silver, and camels—must remain part of the law. In a related health matter, the CII stated that halal-based insulin is now available for diabetic patients.

Govt increases withholding tax on cash withdrawals by non-filers

Therefore, it advised avoiding insulin containing pig-derived ingredients. Moreover, the council recommended proper legislation for the handling of Quranic manuscripts used for oaths. Earlier, the government increased the tax ratio on cash withdrawals by the non-filers in the budget for FY2025-26. In the budget for FY 2025-26, the tax ratio on cash withdrawals by non-filers has been increased from 0.6pc to 1pc. Meanwhile, non-filers will no longer be allowed to open bank accounts.