Govt must quickl­y come to grips with the enormi­ty of runnin­g the countr­y’s financ­esAmid protestations from the opposition parties, the government finally managed to have its second mini-budget passed by the National Assembly. In the process, the government has decided to reverse measures implemented by the previous government, of the PML-N, by giving greater favour to non-filers rather than forcing them to enter the tax net when buying vehicles. The second mini-budget of the incumbent government allows non-filers of the income tax returns to purchase cars of any engine capacity, down from the 1,300cc. Further, the government imposed a 10% federal excise duty on locally-manufactured motor vehicles of the engine capacity of 1700cc and above. Like Opinion & Editorial on Facebook, follow @ETOpEd on Twitter to receive all updates on all our daily pieces.

Source: The Express Tribune March 08, 2019 05:15 UTC