Govt urged to reject IMF’s proposal to raise GST to 19%

• Farooq Tariq urged the government to reject the IMF proposal to raise GST from 18% to 19%.
• He said the increase would mainly hurt workers, peasants, salaried people, and low-income households by raising prices and inflation.
• Tariq called GST a regressive tax and warned it would make Pakistan the highest sales-taxed country in South Asia.
• He said major corporations still owe about Rs300 billion in unpaid super tax, while the government plans to collect Rs250 billion from the public through GST.
• He also opposed taxing hybrid and electric vehicles and demanded a fairer tax system targeting the wealthy and large corporations.

Source: thenews.pk

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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