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Govt to finance high-yielding crop research - Newspaper

In this file photo, a farmer in Multan sprays pesticide in a field. APP/File ISLAMABAD: The federal government will allocate funds in the upcoming budget 2021-22 to develop high-yielding crops to meet growing domestic demand and reduce dependence on import of basic food items. Ahead of the budget, the National Price Monitoring Committee (NPMC) has constituted a two-member sub-committee comprising Minister for National Food Security Fakhar Imam and Industries Minister Khusro Bakhtyar to work out a lasting arrangement by exploring alternative options to reduce dependence on import of edible oil and other basic food items. The decision was reached at the NPMC meeting chaired by Finance Minister Shaukat Tarin. The panel was constituted owing to significant volatility in international prices of edible oil.

Cash-strapped Pak considering imposing income tax on pensions amid IMF pressure

Cash-strapped Pak considering imposing income tax on pensions amid IMF pressure ANI | Updated: May 21, 2021 19:07 IST Islamabad [Pakistan], May 21 (ANI): The cash-strapped Pakistan government is considering the imposition of income tax on monthly pensions in a bid to recover heavy tax losses amounting to Rs 1.4 trillion, amid pressure from the International Monetary Fund (IMF) to reconsider its tax laws. The fine-tuning of tax proposals is being carried out ahead of a meeting with IMF, who will begin vetting the government s budgetary proposals for the fiscal year 2021-22 from next week, The Express Tribune citing sources from Pakistan s Ministry of Finance. One of the proposals is to place a limit on income tax-free pensions being received by the retired civil servants, judges and generals, informed sources.

Pak considering imposing income tax on pensions

Pak considering imposing income tax on pensions ANI 22 May 2021, 00:19 GMT+10 Islamabad [Pakistan], May 21 (ANI): The cash-strapped Pakistan government is considering the imposition of income tax on monthly pensions in a bid to recover heavy tax losses amounting to Rs 1.4 trillion, amid pressure from the International Monetary Fund (IMF) to reconsider its tax laws. The fine-tuning of tax proposals is being carried out ahead of a meeting with IMF, who will begin vetting the government s budgetary proposals for the fiscal year 2021-22 from next week, The Express Tribune citing sources from Pakistan s Ministry of Finance. One of the proposals is to place a limit on income tax-free pensions being received by the retired civil servants, judges and generals, informed sources.

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