#Just-In: PM has imposed 10% Super Tax on Large Scale Manufacturing Industries


Prime Minister Shahbaz Sharif on Friday said that the government has decided to impose a 10% super tax on large-scale manufacturers including oil, fertiliser, steel , sugar, automobile and textile.

The premier made the announcement after chairing a meeting of his economic team during which important decisions were taken related to budget 2022-23.

In a televised address, the prime minister said that he wants to take the nation into confidence over the government’s measures to stabilise the economy.

The PM said that the decisions, taken by the government, aimed at providing relief to the people due to record inflation and reviving the dwindling economy which was shattered due to the “incompetency and corruption” of the PTI government.