PM’s Rs200b industrial package in limbo
Islamabad: The International Monetary Fund (IMF) has not only opposed Prime Minister Shehbaz Sharif’s Rs 200 billion package aimed at reducing power tariffs for industrial consumers by Rs 10.69 per unit, but also disapproved the proposal to impose wealth tax on all types of assets. including bank balances. The sources said that instead of reducing the tax burden of certain sectors, the government proposed to levy 0.1% wealth tax on all assets including bank balances and shares and 0.5% wealth tax on assets declared in the returns property from taxpayers. However, the IMF has opposed imposing a wealth tax on
