Nawaz Sharif tasks Ismail with lowering taxes

Nawaz, Ismail

LAHORE: Pakistan Muslim League-Nawaz (PML-N) President Nawaz Sharif has instructed Prime Minister’s Adviser on Finance, Economic Affairs and Revenue Miftah Ismail to lower taxes.
Ismail called on PML-N chief in Raiwind on Monday, where the former premier directed him to implement tax reforms to strengthen the economy.
Nawaz instructed Ismail to refund 100% sales tax to exporters by February 15 this year, and to reduce individual tax rate immediately to provide relief to the public – not keeping the rate more than 15 percent.
Nawaz also asked the Finance Adviser to ensure no income tax is levied on monthly incomes of up to Rs 0.1 million.
The PML-N chief also shared concerns of industrialists, saying that they were worried about gas prices and Gas Infrastructure Development Cess (GIDC).
Nawaz Sharif asked Ismail to decrease the rates immediately so that Pakistani industrialists could compete effectively with those from rest of the world.


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