Taxes

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

Dar says IMF shares MEFP with govt

Urges govt to plug revenue leakages from electricity, gas, loss-making entities

Illegal trade of cigarettes causes annual losses of Rs100 billion to national exchequer

Earlier, revenue board issued rules to divert taxes for paying allowances to taxmen

Simplification of tax system to enhance national tax net and promote business activities