March 9, 2023
1 min read

Pak govt succumbs to IMF pressure again

The decision was reportedly taken as the IMF has been urging the government to impose more taxes…reports Asian Lite News

The Pakistani government has increased the sales tax to 25 per cent on selected imported luxury items categories with effect from Thursday, according to a notification by the Federal Board of Revenue (FBR).

The decision was reportedly taken as the International Monetary Fund has been urging the Pakistani government to generate its revenue by imposing more taxes, reports Xinhua news agency.

The FBR raised the sales tax from 17 per cent to 25 per cent on 36 categories of imported goods, including water and juices, confectionary, and vehicles.

ALSO READ: US urges Pakistan to stick with IMF for improving economy

Previous Story

Taliban governor killed in suicide attack

Next Story

SKVP: A delectable variety of Mumbai Street Foods in UK

Latest from -Top News

KCF Festival Unites Karnataka Talent in UAE 

Enthusiastic participants displayed Karnataka’s cultural legacy through various artistic performances, making the event a grand celebration of talent.   The 6th edition of the KCF UAE National Level Talent Festival, Prathibhotsava 25, was

Jaishankar, Greek FM Discuss Boosting India-Greece Ties

EAM Jaishankar stressed that the India-Middle East Economic Corridor (IMEC) and the India-Mediterranean Connect would be the major focus of the next phase of India-Greece relations…reports Asian Lite News External Affairs Minister
Go toTop

Don't Miss

Shahbaz slams Imran for turning blind eye to Karachi’s problems

The PDM has decided to hold the long march against

REVIEW – ‘Durand’s Curse: A Line Across the Pathan Heart’

Former diplomat Rajiv Dogra’s “Durand’s Curse” is the first book