What did FBR say on imposition of taxes on prize money received by Arshad Nadeem?

The Federal Board of Revenue has clarified that no taxes will be imposed on the prize money received by Olympian Arshad Nadeem.

“Arshad Nadeem is a national hero, and we will extend every possible cooperation to him,” the FBR spokesperson said.

The spokesperson’s comments were aimed at dispelling any misconceptions and ensure that the celebrated athlete’s achievements are duly recognised and rewarded without any unnecessary tax burdens.

The clarification comes amid rumours that the federal, Punjab, and Sindh governments’ announced rewards for Nadeem’s outstanding performance would be taxed. The FBR has firmly denied these baseless rumours.

Nadeem made history by winning Pakistan’s first-ever Olympic gold medal in athletics, securing the top spot in the men’s javelin throw at the 2024 Paris Games. His victory, particularly against defending champion Neeraj Chopra of India, has elevated him to the status of a national hero.

Nadeem set a new Olympic record with a throw of 92.97 metres, securing a gold medal at the Paris Olympics. He has become an inspiration for the youth.