Pakistan’s sports scene has been buzzing with excitement ever since Arshad Nadeem made history at the Paris 2024 Olympics. The 27-year-old javelin thrower etched his name in the annals of history by winning Pakistan’s first Olympic gold in 40 years.
He not only won the gold, but also break the Olympic record, thanks to a jaw-dropping 92.97-meter throw on his second attempt.
This monumental achievement didn’t just earn him a gold medal; it made him the first Pakistani ever to win an individual Olympic gold.
Rumors of Heavy Tax on Prize Money
In the wake of his incredible performance, accolades and rewards flooded in from all directions.
The federal, Punjab, and Sindh governments, along with various brands, celebrities, and business leaders, all lined up to honor Arshad with generous gifts.
But as the celebrations continued, a cloud of uncertainty loomed over social media, with rumors suggesting that Arshad might have to pay taxes on his prize money.
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FBR’s Clarification
These rumors quickly caused a stir among fans, who were concerned that their national hero might not fully enjoy the rewards he so deserved. Thankfully, the Federal Board of Revenue (FBR) was swift in putting these fears to rest.
FBR spokesperson Bakhtiar Muhammad stepped forward to clarify the situation, firmly stating that no taxes would be levied on Arshad Nadeem’s prize money.
“Rumors of taxing national hero Arshad Nadeem’s prize money are baseless,” Bakhtiar declared, putting an end to the speculation.
“No tax will be charged on the prize money received by him.” He went on to explain that neither withholding tax nor income tax would apply to Arshad’s earnings from his Olympic success.
Bakhtiar also expressed his frustration with the spread of misinformation on social media, describing it as “misleading and disturbing.”
He reassured the public that both the government and the FBR are committed to ensuring that Arshad’s income remains tax-free, even before he files his tax return in September 2025.
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“Income tax rules do not mention tax on prize money received in Olympic games,” Bakhtiar emphasized, closing the door on any further speculation.
“Arshad Nadeem is a national hero, and all possible cooperation will be extended to him. After this clarification, such baseless rumors should be put to rest.”
With this official confirmation, fans can now celebrate without worry, knowing that their Olympic champion will fully enjoy every bit of the recognition and rewards he has earned, free from any tax burdens. Arshad Nadeem’s golden moment remains untarnished, just as it should be.
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