ISLAMABAD – Yet another mini budget is on cards from the PTI government ina bid to bridge the gap of the increasing revenue shortfall.
Federal government is considering major revenue measures including raisingthe GST rate on POL products, slapping tax on the telecom companies,reversing the tax relief for salaried class by 50 percent and increasingthe tax rate on cigarettes by reviewing the existing third tier taxationsystem. The jacking up of additional custom duty by 1 percent is also amongthe proposals floated by the FBR to achieve the revenue targets.
The Federal Minister for Finance Asad Umar is currently visiting abroad soafter his return the government could take final decision on finalisingadditional revenue measures to bridge the yawning revenue shortfall withinthe next couple of weeks.
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So another mini budget is on the cards which the government will have tounveil before approaching the IMF with the request to seek another bailoutpackage.
