A taxing affair: Finance act 2016 puts levies on cargo transport

Govt expect­s to genera­te up to Rs100 millio­n every year from these taxes

• High taxes on cellphones, beverages come into force

  Acting President Raza Rabbani gives his assent to Finance Act 2016

• Group taxation relief: Government under pressure to withdraw proposed restrictions

  Analysts say proposal will damage corporatisation, encourage fragmentation