Prime Minister Shehbaz Sharif has rejected all major budget proposals of the Federal Board of Revenue (FBR) having a direct inflationary impact on the general masses including increasing the withholding tax rate from 0.6 to 0.9 percent on cash withdrawals from banks by non-filers.
Four proposals of the FBR have been rejected by the Prime Minister.
These four revenue measures have an accumulative revenue impact of Rs. 150-200 billion:
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