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

Previous Story

Sleet blast leads to flight suspension

Next Story

Germany ramps up funding for UN entity for gender equality

Latest from -Top News

Vaccine Delays Fuel Bangladesh Measles Outbreak

More than 32,000 suspected cases and over 250 deaths have been reported since mid-March, with children making up most of the fatalities….reports Asian Lite News Desk Bangladesh’s measles outbreak has intensified, with

Tsai: Stand With Taiwan, Strengthen The Indo-Pacific

The former president said stronger international partnerships would help Taiwan withstand mounting military, cyber and economic pressure while reinforcing democratic resilience….repots Asian Lite News Desk Former Taiwan President Tsai Ing-wen has called

Pakistan Knitwear Exporters Seek Relief As Costs Soar

Pakistan’s hosiery and knitwear exporters are seeking urgent government support as rising production, energy and freight costs threaten international competitiveness….reports Asian Lite News Desk Pakistan’s hosiery and knitwear export industry is facing
Go toTop

Don't Miss

Fear of terror rules Pakistan

Pakistan Interior Minister Sheikh Rashid blamed “small remnants of groups”

Sharif bought flats in UK with Motorway money: Pak govt

Fawad is currently serving as the Federal Minister for Information