Summary Ishaq increased the time limit of 4% withholding tax on bank term deposits
ISLAMABAD (Dunya News) – Federal Finance Minister Senator Ishaq Dar has announced Rs 1.5 increase in petrol and Rs 1.40 in diesel price on Thursday, reported Dunya News.
Dar added that Oil and Gas Regulatory Authority (OGRA) wanted the government to increase petroleum prices even more but government has agreed to increase prices upto 1 rupee.
He also said that OGRA had also recommended to increase high octane, light diesel and kerosene oil prices but they will remain same while the government will bear heavy losses.
The minister has also increased time limit of 4% withholding tax on bank term deposits and tax return file.
