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PTI Calls PM’s Dialogue Offer a ‘Mere Offer’ and Marches On Supreme Court Dismisses Sindh Plea Over Baldia Fire Acquittals ATC Indicts Imaan Mazari and Hadi Chattha Over 2024 Cricket Route Salaried Class Paid Rs144bn in Tax, Rs90bn More Than Shops and Property Pakistan Holds 48pc of the Region’s Poor, World Bank Reports Petrol and Diesel Converge: Rs394.83 Against Rs395.85 Gold Unchanged for a Second Session at Rs437,536 a Tola Houthis Claim Missile, Drone Attacks on Riyadh and Southern Saudi Arabia Pakistan Warns UN Against ‘Weaponisation of Water’, Cites Indus Waters Treaty Dispute Iran Must Make ‘Meaningful’ Cut to Nuclear Enrichment to End War: JD Vance Pakistan Security Forces Kill 13 Militants in North Waziristan Operation: State Media FBR Proposes AI-Based Scrutiny of Individual Tax Returns Shehbaz Offers Talks If PTI Calls Off Its Long March Makkah Pact Allies Agree Deployment; Ministry Rejects Troop Figure Four Revenue Officials and a Traffic Policeman Shot Dead in DI Khan Punjab Extends Ban on Gatherings Until 15 October Moscow Talks on Afghanistan End Without a Joint Statement State Firms’ Debt Hits Rs10.1tr, Far Above the Bank’s Own Count IMF May Cut Pakistan’s Health and Education Target to Rs3.9tr KSE-100 Closes Up 2,592 Points; Gold Steady at Rs437,536 PTI Calls PM’s Dialogue Offer a ‘Mere Offer’ and Marches On Supreme Court Dismisses Sindh Plea Over Baldia Fire Acquittals ATC Indicts Imaan Mazari and Hadi Chattha Over 2024 Cricket Route Salaried Class Paid Rs144bn in Tax, Rs90bn More Than Shops and Property Pakistan Holds 48pc of the Region’s Poor, World Bank Reports Petrol and Diesel Converge: Rs394.83 Against Rs395.85 Gold Unchanged for a Second Session at Rs437,536 a Tola Houthis Claim Missile, Drone Attacks on Riyadh and Southern Saudi Arabia Pakistan Warns UN Against ‘Weaponisation of Water’, Cites Indus Waters Treaty Dispute Iran Must Make ‘Meaningful’ Cut to Nuclear Enrichment to End War: JD Vance Pakistan Security Forces Kill 13 Militants in North Waziristan Operation: State Media FBR Proposes AI-Based Scrutiny of Individual Tax Returns Shehbaz Offers Talks If PTI Calls Off Its Long March Makkah Pact Allies Agree Deployment; Ministry Rejects Troop Figure Four Revenue Officials and a Traffic Policeman Shot Dead in DI Khan Punjab Extends Ban on Gatherings Until 15 October Moscow Talks on Afghanistan End Without a Joint Statement State Firms’ Debt Hits Rs10.1tr, Far Above the Bank’s Own Count IMF May Cut Pakistan’s Health and Education Target to Rs3.9tr KSE-100 Closes Up 2,592 Points; Gold Steady at Rs437,536

Articles for tag: 1.2 trillion tax hike, Hamza Azhar Salam, pak electricity price, pakistan daily, pti deal imf, pti govt imf, pti govt tax hike, raja furqan ahmed, the pakistan, The Pakistan Daily

April 9, 2021

The Pakistan Daily

Business Featured News Pakistan

PTI govt commits 1.2 trillion rs tax hike in deal with IMF

ISLAMABAD: The Pakistan Tehreek e Insaf (PTI) government has made a commitment of hiking taxes by a whopping 1.272 trillion rupees to the International Monetary Fund (IMF). Electricity prices will be increased by almost 4.97 rupees per unit while a maximum level of 30 rupees per litre can be imposed on oil products as a petroleum levy. The tax hike is almost 2.8% of Pakistan’s GDP. Under the agreement with the IMF, the PTI government has pledged to bring down the current year’s development programme to 1.169 trillion rupees against budgeted target of 1.324 trillion rupees. The PTI government has

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