Pakistan set up the SIFC, a hybrid civil-military forum, in June last year.
Overall, the country’s import bill saw a modest increase of 0.9 per cent year-on-year, reaching $53.17 billion.
The CAD dropped by 79 percent to $681 million.
The increase in tariffs aims to fulfil the IMF's demand.
The tax will be imposed as per the valuation rates of shops.
The increase depends on the final calculation and existing tax rates.
He made this statement at the National Assembly's Finance Committee meeting, chaired by Syed Naveed Qamar.
Provinces assured the IMF of taking measures to meet its condition.
13,285 units of different vehicles were sold during June 2024
The new charges are effective from July 1.
The global financial organisation termed it “unprecedented and historic”.
This significant increase highlights the crucial role of overseas Pakistanis in supporting the country's economy through remittances.
At least 29 million domestic consumers would avail of the subsidy.
The federal government borrowed Rs3.11 billion.
The consignment is expected to take less than a month to arrive in India.
The US dollar dominates the global economic system.
Provinces were directed to nominate a focal person for close coordination with dealers.
In 2022, only 5.2 million out of Pakistan's population of over 240 million filed income tax returns, highlighting a significant gap in tax compliance.
Abdul Sami Khan, Chairman of the PPDA, stated, "We met with government officials in Islamabad, but the talks produced no results; hence, we will go on strike as announced earlier."
Pakistani households will face a surge in electricity bills, with prices jumping between Rs3.95 and Rs7.12 per unit.
This decision has sparked strong reactions from Karachi residents already struggling with high inflation and economic difficulties.
The dealers gave a call for a nationwide strike against the government's "unjustified tax".
Pakistan has trade officers posted in 70 countries worldwide
A single-glass solar plate is being sold for Rs35,000 to Rs37,000 minimum.
A federal government employee would be eligible for a pension after 25 years of service
Under the new measures, makeup and beauty products will face a 40% hike in duties, while perfumes and sprays will see a 20% increase. Conversely, tariffs on imported hair clippers and hair dryers have been reduced to 10%.
Urban areas and rural areas witnessed a 0.58% and 0.28% inflation rate
The tax on medicine raw materials will be effective from July 1.
New rates would be effective from July 1.
The Finance Bill will be enforced from tomorrow (July 1).
