Kathmandu, April 7 (IANS) The new government in Nepal on Tuesday decided to provide partial tax exemptions on petroleum products in a move to ease the financial burden on consumers, mirroring a similar decision by the Indian government. A Cabinet meeting held on Tuesday approved a 50 per cent exemption on customs duties and infrastructure tax imposed on petrol, diesel, and kerosene, Minister for Federal Affairs and General Administration Pratibha Rawal told journalists. “The decision will be p…
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New Delhi, April 6 (IANS) The International Monetary Fund (IMF) has asked Pakistan to eliminate, at the earliest, distortions in the pricing of petroleum products due to the subsidy extended by the federal government to consumers amid the surge in global prices triggered by the Iran war, local media reports said on Monday.A senior government official has confirmed that the IMF remains concerned about existing distortions, particularly in diesel pricing, and is pushing for their early removal, th…