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

‘Modi’s a Very Good Friend’: Trump

Trump’s remarks come days after Modi called him to congratulate on the “success” of the Gaza peace plan….reports Asian Lite News US President Donald Trump on Monday lauded India and described Prime

Delhi, Ottawa Hit Reset

The Canadian Foreign Minister met Prime Minister Narendra Modi and External Affairs Minister S Jaishankar on Monday in New Delhi, vowing to strengthen the ties…reports Asian Lite News As India and Canada

India, US Step Up Trade Talks

The development comes in the backdrop of the new US ambassador Sergio Gor taking charge in the US embassy is New Delhi….reports Asian Lite News India and the United States are progressing

Lanka Marks Next Phase of Indian Housing Drive

Phases III and IV of the Indian Housing Project highlight India’s commitment to supporting and empowering Sri Lanka’s Indian-origin Tamil community….reports Asian Lite News Sri Lankan President Anura Kumara Dissanayake on Sunday
Go toTop

Don't Miss

After 23 years in Pak jail, MP man returns home

Prahlad, a resident of the Sagar district in Madhya Pradesh,

Bilawal Sounds Alarm: Kashmir Campaign in Crisis

Bilawal dismissed an attempt by a Palestinian journalist to equate