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

Sleet blast leads to flight suspension

Next Story

Germany ramps up funding for UN entity for gender equality

Latest from -Top News

One Million Gazans Face Starvation

UNRWA: Hunger is spreading fast in Gaza. Women and girls are forced to adopt increasingly dangerous survival strategies like venturing out in search of food and water at the extreme risk of

South Africa hosts Africa Water Summit

The conference, convened by South Africa as part of its G20 presidency and jointly organised with the African Union (AU), the AU Development Agency, and the African Union-Africa Water Investment Program (AU-AIP)
Go toTop

Don't Miss

PoK Protests Stem from Resource Deprivation: India

India’s official spokesperson noted that the people of Pakistan-occupied Jammu

‘Historic fraud’: Opposition slams Imran’s relief package

The country’s two main opposition parties — Pakistan Muslim League-Nawaz