ISLAMABAD: Federal government announced to impose new taxes on fruit, meat, flour, eggs and other agricultural products in Islamabad region.
Official sources said that these taxes will be collected from provisional stores, wholesales and agricultural productions mills. Government is optimistic to generate huge revenue through this measure.
Sources told this scribe that after levy of new taxes prices of bread, cooking oil, eggs, sugar and other utilities will definitely hike.
Government issued notification of section 4 of Islamabad territory procedure market ordinance 2002 (CXVIII 2002 ).
According to this notification oil mills, rice mills, flour mills, dairy, bread plants, fruit processing plants and other agricultural productions mills will pay Rs 48,000 license fee per annum. While Rs 24,000 license fee will be applied on vegetables, poultary dealers, mutton beep, fish, cotton seeds and other provisional stores.
Sources added that at least 50 thousand small shopkeepers are presently working in Islamabad if they pay these taxes then government will generate heavy revenue.
