The government has decided to impose 18 percent sales tax on agriculture related items including tractors, pesticides and fertilizers in budget (2024-25).
The Federal Board of Revenue (FBR) to incorporate amendments in the Finance Bill 2024.
The government had to meet challenging target of Rs. 12,900 billion for 2024-25 for which we have to take tough revenue measures, sources added.
The agriculture sector in Pakistan witnessed robust growth in FY2024, with an overall increase of 6.25 percent.