ISLAMABAD: The government has decided to impose a ban on import of luxury Mercedes cars in the next budget.
Finance Minister Ishaq Dar will announce this decision in the upcoming budget 2013-14. Earlier, in his tenure, Ishaq Dar had imposed a similar ban but during the tenure of Pervez Musharrafthe ban was lifted and four chief ministers of the provinces had imported Mercedes vehicles paying no duty and taxes.
?Now the finance minister has again taken the decision to ban the import of Mercedes cars in the next budget,? a senior FBR official told The News.On income tax side, the government is going to propose increased tax rates for Association of Persons (AoPs) and high bracket income slabs.