Pakistan to Increase Tax on Mobile Phones as Part of IMF Deal

Pakistan will increase tax on durable goods including mobile phones as part of a deal to raise tax revenues with the International Monetary Fund, says Muzzammil Aslam, spokesperson to Pakistan’s finance minister in news briefing.

• Food and related-agricultural products such as fertilizer, tractors and pesticides will not be taxed, says Aslam
• Revenue to be increased with focus on withdrawing tax exemptions, not adding new taxes
• NOTE: Pakistan to Raise Fuel Tax, General Sales Tax in IMF Loan Deal
• NOTE: IMF Revives $6 Billion Bailout for Pakistan’s Teetering Economy

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