Federal Finance Minister Senator Ishaq Dar said on Tuesday that no tax will be imposed on locally manufactured items which have been produced from the imported goods.
Addressing the inaugural ceremony of Language and Computer centre of Jamia Hajveria at the Data Darbar complex, he said that tax had been levied on the imported items only, adding that no tax would be imposed on the products prepared from imported goods.
The finance minister said the revenue generated from the regulatory tax would be spent on the development projects and welfare of the masses in all four provinces.
Dar said that prices of the daily commodities in Islamabad and other provinces had been evaluated in the daily meeting of the National Price Monitoring Committee, adding that the government had instructed the National Food Security and Research Ministry to review the prices so that the common man is not affected by the price hike.
