ISLAMABAD: The federal government has decided to revise base 12 months for ascertaining inflation charge and patron price index (CPI) to 2015-sixteen, updating it from the previous base year of 2005-2006.

The authorities has additionally decided to set a minimal indicative price for tobacco and impose extra customs duty on import of sports activities software car (SUVs) starting monetary
Yr 2019-20.

The sales department has forwarded summaries of the proposals to the monetary Coordination Committee (ECC) for review and approval, stated officers.

The proposals had been earlier scheduled for discussion in the ECC assembly to be held on Wednesday, but, it changed into postponed due to engagements of high Minister Imran Khan and Adviser to PM on Finance Abdul Hafeez Shaikh.

sources said that the federal authorities has introduced a brand new Pakistan Customs Tariff (PCT) code for SUVs and then they'll be problem to extra customs responsibility.

posted within the specific Tribune, July eleventh, 2019.

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