Cabinet approves key recommendations under Economic Reforms Package: sources

Federal Cabinet of the Government of Pakistan in a meeting headed by Prime Minister Imran Khan has approved a number of recommendations as part of the new Economic Reforms package to be put forth in the parliament today ahead of the Mini-budget announcement today.

According to media reports, among other things, the Cabinet has approved an increase in customs and regulatory duties on over 500 items along with a decrease in duties of about 150 items.

Recommendations also include the removal of restrictions on non-filers for the purchase of 1300 CC vehicles.

Additionally, reforms include policies that would put the commercial and industrial sectors on the same footing by providing similar facilities to the two sectors.