Islamabad December 28 2021: Mini Budget is delayed once again as the Sitting of the National Assembly has been adjourned to meet again on Wednesday, the 29th December, 2021 at 3:00 p.m.
Earlier, the federal government has decided to introduce the amended finance and SBP autonomy bills in Parliament for approval today on December 28.
A L S O || R E A D
The government has committed to introduce over Rs525 billion taxation measures in addition to slashing Rs200 billion development funds as well as Rs20 billion for non-uplift projects as part of the IMF condition to create primary budget surplus in this fiscal year.
Government is considering to withdraw General Sales Tax (GST) exemptions and slapping standard rate of 17 percent on import of mobile phones, computers, silver/ gold, different articles of jewelry, re-meltable scrap, LPG and many other products.
The government has finalised the mini-budget to the tune of Rs360 billion that would slap 17% sales tax on about 140 essential consumable and industrial goods, in addition to increasing the income tax rates on phone calls by 50%.