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

ED Action Sparks Congress Uprising

Demonstrations held across all state capitals and district headquarters, marking a coordinated pushback against recent legal moves, including a chargesheet in the National Herald case and the continued questioning of businessman Robert

India-Russia Tourism Hits Fast Track

Indian tourists to Russia doubled in 2024 to over 120,000, while Russian visits to India reached 160,000—surpassing 2021-22 combined. The Indian Embassy estimates mutual tourist numbers could exceed 450,000 by 2025. India

Vance to visit India next week

Vice President JD Vance and the Second Family will travel to Italy and India from April 18 to April 24 US Vice President JD Vance is scheduled to visit India next week.
Go toTop

Don't Miss

Imran comes down heavily on US

Pak premier called out the US for repeatedly accusing Pakistan

ISI ‘influenced’ FBI informer saves Dawood man

Prime witness Faridi’s complete U-turn in the London court embarrassed