Pakistan National Assembly passes bill to meet IMF demands for USD 1.1 loan facility

IMF chief Kristalina Georgieva said in Germany on Friday that Pakistan must take steps to ensure that its high earners pay taxes and only the poor get the subsidies if it wants to function as a country. The bill increases sales tax from 17 to 25 per cent on luxury items. The general sales tax has been raised from 17 per cent to 18 per cent.

from Economic Times https://ift.tt/0wH9XtO