Pakistan: No new taxes, no power tariff hike in next budget, promises finance minister ...United Arab Emirates

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Pakistan: No new taxes, no power tariff hike in next budget, promises finance minister
source : Gulf News ( United Arab Emirates ) () 8
Islamabad: Pakistan’s finance minister Shaukat Tarin has promised there would be no additional tax burden on the salaried class and no more electricity tariff increase either in the upcoming budget. Pakistan government is likely to unveil the next budget on June 11. “We will not burden the people. Tariffs will not be increased. This is our promise,” Tarin vowed during a virtual press briefing on Sunday. The annual inflation rate in Pakistan increased to 11.1 per cent in April 2021 – the highest since February 2020. The country recently informed International Monetary Fund (IMF) that it could not currently raise its tariffs or taxes and renegotiated with the global lenders to secure breathin

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