Dec 01 , 2015
News
Regulatory duty on imported goods only: govt
Minister says 2016 will be year of culmination of Zarb-e-Azb military operation
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LAHORE –Federal Minister for Finance and Economic Affairs Senator Ishaq Dar has said that no tax will be imposed on locally manufactured items which have been produced from the imported goods.
Addressing the inaugural ceremony of Language and Computer Centre of Jamia Hajveria at the Data Darbar Complex here on Tuesday, he said that tax had been levied on the imported items only, adding that no tax would be imposed on the products prepared from imported goods.
The minister said that the revenue generated from the regulatory tax would be spent on the development projects and welfare of the masses in all the four provinces. He said that prices of the daily commodities in Islamabad and other provinces had been evaluated in the daily meeting of the National Price Monitoring Committee.
He said that the government had instructed the National Food Security and Research Ministry to review the prices so that common man should not be affected by the price hike.Earlier, the minister inaugurated the celebrations of the 972nd Urs of the saint Hazrat Ali Bin Usman Alhajveri popularly known as Data Gunj Bakhsh by laying traditional “chadar” on the grave.
The minister also inaugurated the milk Sabeelon the occasion. Senator Dar was accompanied by provincial ministers Mian Ata Muhammad Maneka, Bilal Yasin, Pakistan People’s Party (PPP) leader Azizur Rehman Chan, Auqaf Department Secretary Nayyar Iqbal and other officials.
Courtesy www.dailytimes.com.pk