Mini Budget: Work on additional taxation of 170 billion has started


It was decided to issue an ordinance to bring the mini-budget as soon as possible in order to work on the implementation of the demands of the International Monetary Fund (IMF).

Sources say that the FBR is working to levy an additional tax of Rs 170 billion, proposing to increase the GST rate on various items from 17 to 18 percent.

A 0.6 percent withholding tax is being considered on bank transactions of non-filers, while taxes on cigarettes, sugar and energy drinks are likely to increase.

According to the sources, consideration is being given to withdraw the relief given on electricity bills during last year’s floods.


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