Prime Minister Shehbaz Sharif-led federal cabinet on Tuesday approved the imposition of 25 per cent sales tax on luxury items

Prime Minister Shehbaz Sharif-led federal cabinet on Tuesday approved the imposition of 25 per cent sales tax on luxury items

Prime Minister Shehbaz Sharif-led federal cabinet on Tuesday approved the imposition of 25 per cent sales tax on luxury items, fulfilling another condition set by the International Monetary Fund (IMF) for the revival $7 billion Extended Fund Facility (EFF) stalled for months. The cabinet approved 25pc general sales tax (GST) on luxury items through a circulation summary. The formal notification will be issued by the Federal Board of Revenue in the coming days.

Editor: Raja kamran