John Schneider stands against Beyoncé fan backlash: 'Not Racist,' insists clarification


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Dave Robb, Hollywood labour champion, passes away at 74

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IMF wants 18pc GST on top of PDL on petroleum products

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IMF wants 18pc GST on top of PDL on petroleum products IMF has also asked the FBR to progressively raise excises on domestically produced cars This file photo taken on January 26, 2022, shows the seal for the International Monetary Fund (IMF) in Washington, DC. — AFP ISLAMABAD: The IMF has recommended the government to apply the same rate of Federal Excise Duty (FED) on the locally manufactured cigarettes regardless of whether the manufacturer is local or foreign and slap Petroleum Development Levy (PDL) on machinery input polluting the environment. The IMF has also asked the FBR to progressively raise excises on domestically produced cars and on luxury goods such as yachts and increase border control to avoid smuggling of oil derivatives, especially from the sensitive areas. The Fund also recommended the FBR to tax e-cigarettes in a similar way to tobacco given equivalent internality. “In the medium term, once revenue has gone up then there is need to consider reducing number of ite...
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