Govt Weighs Mini-Budget as Deluge Drains Coffers

Govt weighs mini-budget as deluge drains coffers

The government is considering a mini-budget to raise funds for flood rehabilitation by imposing additional taxes on cars, cigarettes, electronic goods, and a levy on imported items equal to the reduction in regulatory duties made in June. Sources said the plan targets luxury items used by wealthy individuals as well as more than 1,100 imported goods, with revenue to be collected through a federal levy. If approved by Prime Minister Shehbaz Shari…

Govt plans mini-budget for flood relief and tax shortfall - Islamabad Post

ISLAMABAD, SEPT 17: The federal government is preparing to introduce a mini-budget aimed at raising at least Rs50 billion to support flood victims’ rehabilitation and address a widening tax shortfall. Officials confirmed that new levies on luxury items and cigarettes are under consideration. The proposed mini-budget seeks to impose additional taxes on luxury vehicles, cigarettes, and imported electronic goods. A levy equivalent to the regulatory…

Which items will get expensive in expected mini-budget?

The government is reportedly preparing a mini-budget that could make several everyday items a lot more expensive in an effort to generate funds for flood rehabilitation. According to a recent report from The Express Tribune, new levies are being considered for imported items, vehicles, cigarettes, and electronic goods. This move is seen as a solution to the government’s growing revenue shortfall, exacerbated by the recent floods. The proposed mi…