Imposition of new taxes will not affect common man: Dar

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Finance Minister Ishaq Dar has said that imposition of additional taxes on the imported items would not affect the common man.

Talking to Pakistan Television, the minister said that the government took corrective measures to recover the shortfall of Rs 40 billion rupees revenue. He said additional duties were imposed only on the imported and luxury items which were not used by the common people.

Ishaq Dar pointed out the government had imposed the additional regulatory duty on 350 items which were only used by the rich. He said the introduction of additional taxes on the imported items would also help in saving the foreign exchange.

To a question, Ishaq Dar said the number of tax payers had been increased from 7,00,000 to one million in two years. He said in November this year the revenue collection recorded 28 percent increase which was a great achievement by the Federal Board of Revenue.

He said during next two years the government would focus on creating employment opportunities, and industrial and GDP growth in the country.