The government prepared to impose new taxes worth Rs 200 billion to appease the IMF. The government, on the contrary, has raised the cost of petrol, diesel, and kerosene.
The government has prepared two draft ordinances regarding the imposition of a new tax of 200 rupees on the recommendations of the global financial fund. One of the drafted ordinances is being prepared by the highest tax machinery and is worth 100 rupees.
The government is also considering removing subsidies for the power sector and imposing a sales tax on raw materials for the export sector.
Further increase in electricity and gas rates is also included in the government’s agenda.
On the other hand, the government has made petrol, diesel and kerosene expensive. The price of petrol and high speed diesel has been increased by Rs 35 per litre. Kerosene and light speed diesel have been increased by Rs 18 per litre.
New taxes and another related to the implementation of a flood levy of Rs 100 billion on imports.
