KARACHI: Pakistan Muslim League-Nawaz (PML-N) central leader and former federal finance minister Muftah Ismail has claimed that the IMF program has been suspended while the World Bank and Asian Development Bank have withheld funds.
According to Hum News, addressing a press conference at the Muslim League Sindh House, he said that the government has set a target of Rs 610 billion for petroleum levy. He said that they would levy tax on petrol and diesel at the rate of Rs. 27 per liter.
The government is making the Federal Board of Revenue (FBR) the National Accountability Bureau (NAB), said Muftah Ismail, the party's central leader. He asserted that his confession had been obtained through torture, and that his confession had been obtained through torture.
Former federal finance minister Muftah Ismail said the business community was already under pressure from electricity and gas prices. He said that the FBR tax inspector has been given the right to arrest. He said that giving arrest powers would increase the incidence of harassment, not revenue.
According to Hum News, Muftah Ismail said that the government has once again taken a u-turn on Shahbaz Sharif's statement, an example of which is to reduce the tax on baby milk and food items from 17% to 10%.
He said it would not be right for the United States to impose conditions on the IMF. He warned that strategic issues should not be included in economic affairs.
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Muftah Ismail said that the government has reduced the tax on big seats to 12 percent. He said that an estimate of Rs. 570 billion has been made for the provinces which is wrong. He said that only Rs. 11 billion would be provided by the provinces.
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