Government preparing Rs200 billion mini budget

Canada Global (Web News) Government is putting together an order to present a minibudget of Rs 200 billion, which is anticipated to contain a Rs 100 billion flood charge tax.

According to sources in the Ministry of Finance, a number of measures have been discussed to impose the tax on non-filers, including the collection of Rs100 billion in withholding tax by ordinance.

Sources claim that petroleum products should be subject to sales tax at the retail price. Before deciding to increase the fuel levy rate, the Prime Minister will be consulted.

The International Monetary Fund (IMF) wants the ordinance to be in place before the mission departs because, according to sources, the IMF would send a team to Pakistan after the law is put into effect.

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