Inflation stricken people of Pakistan will now have increased tax burden air travel wedding halls mobile phones and sunglasses will be expensive
read on the appPakistan, which has reached the verge of bankruptcy, has finally bowed down before the International Monetary Fund. The money bill was passed in the National
Assembly on Tuesday to increase the revenue. This step of Pakistan to increase the tax will further increase the inflation there. Due to the huge shortage of foreign exchange
funds, Pakistan has been trying to get a bailout package from the IMF for the last several months. The International Monetary Fund (IMF) had asked Pakistan to take austerity
measures and implement several stringent conditions to avoid bankruptcy. To get the bailout package, Pakistan had passed a mini budget, which was approved by the lower house of the
parliament. Rates of taxes increased on luxury items By passing this bill, the sales tax on luxury items has been increased from 17 to 25 percent. General sales tax has also been
increased from 17 per cent to 18 per cent. People will also have to pay more for business class air travel, wedding halls, mobile phones and sunglasses. Attackers in Mumbai roam
freely here, Javed Akhtar shows mirror to Pakistan in Lahore
Will help increase revenue The current bill will help the Pakistan government to collect Rs 170 billion, the
condition set by the International Monetary Fund, by the end of the current financial year by the end of June. Finance Minister Dar said that the Imran government is guilty of
mismanagement in the power sector. He blamed the policies of the Imran government for the current financial crisis. IMF has set the deadline for helping Pakistan from the
International Monetary Fund, the IMF has set strict conditions in front of it and has set a deadline of March 1 to fulfill it. Pakistan wants to get $ 1.1 billion in aid as its
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foreign exchange reserves are less than $ 3 billion.
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