The current administration has announced a "mini-budget" to bring in Rs170 billion.
Via Ashraf Malkham
16 February 2023
On February 15, 2023, a vendor is seen at a store selling toys for children in a market in Karachi. — APP
On February 15, 2023, a vendor is seen at a store selling children's toys in a bazaar in Karachi. — APP
In response to the International Monetary Fund's (IMF) proposals to levy additional taxes on citizens experiencing high inflation, the current administration proposed a "mini-budget" to raise Rs170 billion in revenue.
In order to collect taxes totaling Rs115 billion, the Federal Board of Revenue (FBR) has issued an SRO increasing the usual 17% general sales tax (GST) to 18%. The remaining Rs55 billion would be earned by additional measures related to the Budget (Supplementary)
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