ISLAMABAD – The finance minister Ishaq Dar said that government has decided to increase federal excise duty (FED) on cigarettes 63pc from 58pc.
Moreover, government has also increased sales tax on various categories of imported mobile phone with Rs150, Rs250 and Rs500 increasing to Rs300, Rs500 and Rs1,000, respectively. Due to this, Regulatory duty imposed on the import of mobile phones will be withdrawn.
For fiscal year 2015-16, the government has allocated a Rs100 billion out of the development budget for special development programs for temporarily displaced persons.
Another Rs20 billion has been allocated for the Prime Minister’s Youth Programs.These include provision of laptops, business loans and interest-free loans, among others.
Dar also announced that minimum wage has been increased for Rs12,000 per month to Rs13,000.
Dear TNT Reader,
At The News Tribe, our mission is to bring you free, independent, and unbiased news and content that keeps you informed and empowered. We are committed to upholding the highest standards of journalism, as we understand that we are a platform for truth.
Apart from independent global news coverage, we also commit our unique focus on the Muslim world. In an age marked by the troubling rise of Islamophobia and widespread misrepresentation of Muslims in Western media, we strive to provide accurate and fair coverage.
But to continue doing so, we need your support. Even a small donation of 1$ can make a big difference. Your contribution will help us maintain the quality of our news and counteract the negative narratives that are so prevalent.
Please consider donating today to ensure we can keep delivering the news that matters. Together, we can make a positive impact on the world, and work towards a more inclusive, informed global society.
Donate Monthly Subscription Annual Subscription
