Showing posts with the label EconomyShow all
Taxation reduction
Budget 2021-22: Govt Decision on Taxes Reduction For Small and Electric Cars
Islamabad: Finance Minister Shaukat Tarin announced the budget in which he mentioned the tax on domestically manufactured cars. He referred to reducing the tax rate on locally manufactured cars from 17% to 12.5% The government also announced a significant reduction in the sales tax for electric vehicles from 17% to 1%. He said the federal excise duty would be remov…
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Ramadan
Inflation Tops at 11.1% in April 2021
According to Pakistan Bureau of Statistics (PBS), inflation has reached to 11.1%. An accelerated increase has been seen in the prices of fruits, vegetables, chicken, and oil, particularly in Punjab, followed by other provinces. With the commencement of Ramadan, prices rose further, which adversely affected the public. The Consumer Price Index soared to 11.10% y/y…
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