US
Rules out more levy on agri, construction sectors
Progressive taxation a humungous problem for political leaders just ahead of polls
Pakistan is a country where ratio of taxes to size of economy remains quite low
Skewed tax system is not likely to work but change will require a lot of effort
Suggests increasing exports to Rs100b within 8 years
Govt also set to increase GST rate to 25% on consumer goods via SRO
Exempts them from taxes on profit earned through investment in T-bills, PIBs
Industry points out higher taxes will also lead to increase in smuggling
Move comes as national carrier fails to pay taxes worth Rs2.86b
Embassy delegation meets SAPM to lend support to foreign beverage firms