Pakistan has exempted sales tax on imports for upgrading refineries from 18% earlier, says Hamid Ateeq Sarwar, member strategic transformation at Federal Board of Revenue in Islamabad briefing.
- The reduction in tax burden on real estate transactions will boost cement, steel and 40 other industries
- Federal excise duty has been increased to 70% from 30% on luxury cars with engines above 2,000cc and raised to 81% from 40% above 3,000cc
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