The government has decided to impose a ban on import of luxury Mercedes cars in the next budget, it was revealed on Sunday.
Finance Minister Ishaq Dar will announce this decision in the upcoming budget 2013-14. Ishaq Dar had imposed a similar ban during his previous term in office, but the ban was lifted during the tenure of Pervez Musharraf and four chief ministers of the provinces had imported Mercedes vehicles paying no duty and taxes.
“Now the finance minister has again taken the decision to ban the import of Mercedes cars in the next budget,” a senior FBR official told local media. The government is also going to propose increased income tax rates for Association of Persons (AoPs) and high bracket income slabs.