ISLAMABAD: Finance Minister Miftah Ismail has said that 7 per cent of tax was due to be imposed on petroleum products as per the agreement signed by the Pakistan Tehreek-e-Insaf (PTI) with the International Monetary Fund (IMF), ARY News reported on Thursday. Finance Minister Miftah Ismail conducted a press conference along with State Minister for Petroleum Musadik Malik today. He said that the Federal Board of Revenue (FBR) has improved its performance and paid all refund claims. He said that they witnessed success in making progress on IMF program and the talks with the IMF officials are going on in a positive way. Ismail alleged that former prime minister Imran Khan violated the IMF agreement. He added that the prices of petroleum products were increased in the global market. The finance minister said that the present government has revived the IMF program; imposed taxes on the rich persons. READ: PETROL PRICE JACKED UP BY RS14.85 PER LITRE Earlier in the day, Ismail said in a
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