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Govt not getting sales tax on petroleum products: Muzzammil Aslam

Govt not getting sales tax on petroleum products: Muzzammil Aslam

ISLAMABAD: Spokesperson of Ministry of Finance Muzzammil Aslam has said that the government was getting zero percent sales tax on petroleum products.

He said that the increase of levy does not mean to increase the price of petroleum.

The government has increase the taxes on luxury goods not on the daily use item of general public.

A day earlier, Adviser to the Prime Minister on Finance Shaukat Tarin has said that misconceptions regarding an agreement with International Monetary Fund (IMF) were spread.

Talking to media, the adviser told that IMF wanted Pakistan to raise taxes but we refused. We will have to do something else if we will not provide re-finance, he added.

The adviser said that small and mid-size enterprises (SMEs) are playing important role in improving the economy of the country. We have to restore the trust of people on stock market, he stated.

Pakistan Tehreek-e-Insaf (PTI) government is taking steps to increase the value of rupee against US dollar. We are providing targeted subsidy for relief of the people, Tarin told.

The adviser said that the masses belonging to lower middle class are getting severely affected due to unstable economy. We are bringing Ehssas Ration Program to facilitate the poverty-stricken people, he announced.