Abb Takk News

New taxes of 40 billion worth likely to be imposed

Federal government has begun preparations to present money budget, government has completed summary to impose new taxes of 40 billion worth for loan tranche of 50 billion to IMF.

According to sources, Federal government is ready to impose new taxes of 40 billion worth for loan tranche of 50 billion to IMF.Minister of Finance, Ishaq Dar said that the proposal of news taxes to be imposed on imported cars, dairy products, cigarettes and cement are under consideration.

However, special excise duty on the imported vehicles and increment in regulatory duty on dairy products has been proposed.

While some SRO’s might be taken regarding tax exemption by federal government.

According to sources, the summary of the proposal of new taxes would present in Economic Coordination committee of federal cabinet.