Skip to main content

Miftah Ismail says ‘7pc tax on POL due to be imposed as per PTI’s agreement’

Miftah Ismail, tax, petroleum products, IMF agreement, PTI

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 Twitter thread, “Congratulations to Chairman FBR & his team on exceeding the upwardly revised tax target of Rs 6.1tr for FY 2021-22. FBR collected Rs 763b in June 22 v/s Rs 580b in June 21, registering a 32% growth. Refunds of Rs 39b issued in June 22 v/s Rs 27b in June 21, increase of 44%.”

In another tweet, he wrote, “I appreciate the FBR workforce for its outstanding performance in this quarter. During 4th qtr, tax collection of Rs 1741b v/s Rs1351b last year, an increase of 29%. Refunds of Rs 105b issued during 4th qtr of CFY against Rs 68b in the same period last year, an increase of 55%.”

The finance minister also said, “As per PM Shehbaz Sharif’s instructions, a few days ago we paid all processed DLTL claims pending for the last three years. Today FBR paid all processed Faster, Sales Tax, Income Tax and Export Rebate claims that were due. Every single processed claim. Alhamdolillah.”



from Latest Pakistan News Breaking News from All over Pakistan - ARY News https://ift.tt/WobPC9z

Labels

Labels:

Comments

Post a Comment

Popular posts from this blog

Elevate Your Style with a Men's Leather Jacket with Fur Collar

When it comes to timeless fashion, the allure of an original leather jacket is undeniable. These iconic pieces have transcended generations, exuding rugged sophistication and individuality. However, if you're seeking to take your style to the next level, consider a distinctive choice: the Men's leather jacket with fur collar . The Appeal of Original Leather Jackets Original leather jackets have long been celebrated for their durability, versatility, and timeless appeal. These jackets are something beyond clothing; they are an assertion of style, an encapsulation of disobedience, and an image of exemplary cool. Whether you're riding a motorcycle, strolling through the city, or attending a casual gathering, an original leather jacket elevates your look. The Allure of a Fur Collar What sets the Men's leather jacket with fur collar apart is its exquisite detailing.The option of a fur collar not just gives an additional layer of warmth during colder months yet in addition ...
Post a Comment
Read more

Imran Khan meets differently-abled boy staying at Bani Gala camp

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Chairman and former prime minister Imran Khan has fulfilled the wish of a differently-abled young boy who stayed at Bani Gala camp for protecting him and waiting to meet him personally. Imran Khan met the differently-abled boy namely Ibrahim at his Bani Gala residence after who stayed with PTI workers for 15 days at a camp established to protect him. The boy has also brought a pair of Peshawari chappal and a waistcoat for Khan. The boy communicated his message in sign language to express his happiness to meet him. Ibrahim also vented out anger on the Interior Minister Rana Sanaullah following the police brutality on May 25 during PTI’s Islamabad long march. Imran Khan smiled and responded to him, saying that he should not get worried about Sanaullah. Gotta love the compassion & approachability of Imran Khan; this man is arguably World’s greatest leader and he still makes time for common people. The kid he met is differently-abled (ca...
Post a Comment
Read more

Nawaz Sharif says ‘I always wanted to make Pakistan economic power’

LAHORE: Pakistan Muslim League-Nawaz (PML-N) supremo Nawaz Sharif said that ‘I always wanted to make Pakistan economic power’, ARY News reported.  Addressing a public gathering in Lahore from London the former prime minister congratulated the nation on 25th Youm-e-Takbeer Day.  Nawaz Sharif said that he was offered billions of dollars and threats to stop carrying out the nuclear test, but he made Pakistan a nuclear power which is a symbol of defence and dignity of the country. He said that people started pulling his legs and the journey towards economic development was stopped. The USD value was Rs 104 in comparison to the Pakistan rupee in 2017 and now it is over 300, flour was Rs 33 per KG and now 1kg flour costs Rs 120, Nawaz Sharif added. The PML-N supremo condemned May 9 violence saying that the nation need May 28, 1998 events which is the sign of prosperity and development, not a May 9 symbol of hate and damage to the country. Read more:  Imran Khan incited y...
Post a Comment
Read more