{"id":94342,"date":"2023-07-26T16:47:29","date_gmt":"2023-07-26T11:47:29","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=94342"},"modified":"2023-07-26T16:47:31","modified_gmt":"2023-07-26T11:47:31","slug":"new-taxes-on-agriculture-construction","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/new-taxes-on-agriculture-construction.html","title":{"rendered":"FM refutes reports of new taxes on agriculture, construction"},"content":{"rendered":"\n<p>Islamabad: Finance Minister Ishaq Dar refuted reports of new taxes being imposed on the agriculture and construction sectors, contrary to claims that surfaced after the government&#8217;s recent USD 3 billion deal secured with the International Monetary Fund (IMF) last month, according to news published on July 21.<\/p>\n\n\n\n<p><strong>Read:\u00a0<\/strong><a href=\"https:\/\/www.zameen.com\/news\/fbr-impose-new-taxes-shortfall.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR ready to impose new taxes to bridge shortfall<\/a><\/p>\n\n\n\n<p>Minister Dar emphatically stated that no new taxes would be enforced on these sectors during his address to the National Assembly. His statement came after the IMF board approved a USD 3 billion stand-by agreement (SBA), offering relief to Pakistan amidst default risks.<br>To provide further transparency on the matter, Minister Dar presented three IMF-related documents to the National Assembly&#8217;s library, providing accessibility to all lawmakers. The documents included a letter of intent signed on June 30, a memorandum of economic and financial policies, and a technical memorandum of understanding. It was highlighted that the finance ministry&#8217;s website would make all these documents available online.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"twitter_widget_wrapper alia_embed_wrapper\"><div class=\"twitter_widget_border\"><!--ALIA start embed content--><blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"ur\" dir=\"rtl\">\u0632\u0631\u0627\u0639\u062a \u0627\u0648\u0631 \u062a\u0639\u0645\u06cc\u0631\u0627\u062a \u067e\u0631 \u06a9\u0633\u06cc \u0642\u0633\u0645 \u06a9\u0627 \u06a9\u0648\u0626\u06cc \u0679\u06cc\u06a9\u0633 \u0646\u06c1\u06cc\u06ba \u0644\u06af\u0627\u06cc\u0627 \u06af\u06cc\u0627 \u0627\u0648\u0631 \u0646\u06c1 \u06c1\u06cc \u0644\u06af\u0627\u06cc\u0627 \u062c\u0627\u0626\u06cc\u06af\u0627- <a href=\"https:\/\/t.co\/iIVGkM0R92\">https:\/\/t.co\/iIVGkM0R92<\/a><\/p>&mdash; Ishaq Dar (@MIshaqDar50) <a href=\"https:\/\/twitter.com\/MIshaqDar50\/status\/1682381680940646400?ref_src=twsrc%5Etfw\">July 21, 2023<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><!--AliA end embed content--><\/div><\/div>\n<\/div><\/figure>\n\n\n\n<p>Furthermore, the Finance Minister appreciated officials and the opposition for their contributions in finalising the IMF agreement. He explained that signing a new agreement was preferred over completing the ninth review to avoid losing USD 1.4 billion due in the 10th and 11th reviews. The government initially aimed for a USD 3.5 billion IMF pact but both parties agreed on USD 3 billion. The agreement&#8217;s duration is spread over nine months to allow the incoming government to make independent decisions in the future.<\/p>\n\n\n\n<p><strong>Read:\u00a0<\/strong><a href=\"https:\/\/www.zameen.com\/news\/immovable-property-tax.html\" target=\"_blank\" rel=\"noreferrer noopener\">IRIS system upgrade proposed to manage immovable property tax challenges<\/a><\/p>\n\n\n\n<p>Minister Dar highlighted that the recent payments of USD 2 billion from Saudi Arabia and USD 1 billion from the UAE have positively impacted the country&#8217;s financial situation.<\/p>\n\n\n\n<p>He reassured the agricultural community, particularly those in villages, that no new tax measures would be imposed. Dar expressed confidence that the government&#8217;s policies would lead to a calming down of inflation and shared the State Bank of Pakistan&#8217;s estimates of a 7% drop in consumer inflation over the coming two years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Finance Minister Ishaq Dar refuted reports of new taxes being imposed on the agriculture and construction sectors, contrary to claims that surfaced after the government&#8217;s recent USD 3 billion deal secured with the International Monetary Fund (IMF) last month, according to news published on July 21. Read:\u00a0FBR ready to impose new taxes to bridge shortfall Minister Dar emphatically stated that no new taxes would be enforced on these sectors during his address to the National Assembly. His statement came after the IMF board approved a USD 3 billion stand-by agreement (SBA), offering relief to Pakistan amidst default risks.To provide further transparency on the matter, Minister Dar presented three IMF-related documents to the National Assembly&#8217;s library, providing accessibility to all lawmakers. The documents included a letter of intent signed on June 30, a memorandum of economic and financial policies, and a technical memorandum of understanding. It was highlighted that the finance ministry&#8217;s website would make all these documents available online. Furthermore, the Finance Minister appreciated officials and the opposition for their contributions in finalising the IMF agreement. He explained that signing a new agreement was preferred over completing the ninth review to avoid losing USD 1.4 billion due in the&hellip;<\/p>\n","protected":false},"author":88,"featured_media":90300,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015,15017],"tags":[57254,19230],"persona":[],"class_list":{"0":"post-94342","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"category-notices-announcements","9":"tag-construction-taxes","10":"tag-federal-board-of-revenue-fbr","11":"cat-15015-id","12":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FM refutes reports of new taxes on construction - Zameen News<\/title>\n<meta name=\"description\" content=\"Finance Minister Ishaq Dar refuted reports of new taxes being imposed on the agriculture and construction sectors\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/new-taxes-on-agriculture-construction.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FM refutes reports of new taxes on construction - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Finance Minister Ishaq Dar refuted reports of new taxes being imposed on the agriculture and construction sectors\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/new-taxes-on-agriculture-construction.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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