Amendment to levy Rs 50 per liter on petroleum products approved Pi News

ISLAMABAD: The National Assembly has passed an amendment to impose a levy of Rs 50 per liter on petroleum products for the next financial year. The Finance Minister said that a lump sum of Rs 50 per liter will not be imposed.

According to details, the National Assembly is in the process of approving the Finance Bill 2223. An amendment to levy Rs 50 per liter on petroleum products has been approved.

Speaking in the National Assembly, Finance Minister Muftah Ismail said that the levy on petroleum products is zero at present, Rs 50 per liter will not be levied in one lump sum, the government has got approval to levy.

In the National Assembly session, Minister of State for Finance Ayesha Ghous Pasha said that the Finance Bill was not changed at the request of the IMF, 80% of the amendments were directly related to taxes, our aim is to impose rich practices and provide relief to the poor, IMF. The agreement of the previous government is being implemented.

MQM and GDA expressed reservations over the budget. Sabir Qaim Khani said that if the issues are not resolved, they spit on such a ministry. One person is not allowing our projects to be included in the budget.

Opposing the budget, GDA National Assembly member Dr Fehmida Mirza said that the budget has no meaning and neither is the finance bill. We know that a lot of money will come in the future.

The National Assembly passed a provision to levy sales tax on electricity cables and to impose 5% sales tax on services of software and IT consultants.

A provision was also passed to give the Speaker, Chairman Senate the power to grant additional privileges to the concerned Standing Committee on Finance.