Arshad Nadeem won the gold for Pakistan in Paris Olympics 2024.
Arshad Nadeem‘s remarkable performance brought glory to Pakistan and led to an outpouring of support from both the government and private organizations. As a result, he received significant cash rewards from various sources, including the government, sports bodies, and sponsors, totalling approximately near to 153 million. This generosity, however, raised questions and rumours on social media suggesting taxation on prize money received by the Olympian.
However, the Federal Board of Revenue (FBR) in Pakistan has swiftly quashed these speculations, issuing a clear statement that Nadeem’s prize money is entirely exempt from taxation.
Shortly after Nadeem won the gold medal in the Paris 2024 Olympics and broke the men’s javelin Olympic record, he received generous rewards from prominent figures. Punjab Chief Minister Maryam Nawaz announced a reward of Rs100 million for Nadeem, while Karachi Mayor Barrister Murtaza Wahab…
