KARACHI: Government will increase taxes by 5 to 7 percent on power bills

Government will increase taxes by 5 to 7 percent on power bills on nearly a million small traders.

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The taxes have been imposed with enforcement of the new Finance Act.

An additional tax of five percent, apart from the 17 percent sales tax, will be read on small traders that pay upto Rs.20,000 per month  whereas s the businessmen whose power bills exceed Rs 20,000 will have to pay an extra tax of 7.5 per cent

The recuperation of the tax will commence with the peaks of the upcoming month.

Economic experts said that the additional tax may be a cause of hike in inflation rate in the country.

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