Pakistan and the International Monetary Fund (IMF) are in deadlock over the proposed increase of Goods and Services Tax (GST) from 18% to 19% in the upcoming budget, with the Ministry of Treasury and Central Board of Direct Taxes denying reports about the tax increase while various options for increasing taxes on solar panels, electric vehicles, and hybrid vehicles remain under consideration.
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Pakistan and IMF Enter Deadlock Over GST Increase | Breaking News | 92NewsHDAdded:
IMF proposes to increase GST in the upcoming budget.
Deadlock between Pakistan and IMF orders on increasing GST from 18 to 19%.
Under the budget proposals, various options for increasing taxes on solar panels, electric vehicles and hybrid vehicles are available. The Ministry of Treasury and the Central Board of Direct Taxes (FDR) authorities have denied the reports regarding the increase in GST.
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