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The government’s economic mismanagement came to light on Friday when Punjab and Khyber Pakhtunkhwa informed the federal government that they had imposed a 17 percent General Sales Tax (GST) on banking, insurance and telecommunication sectors in their budgets. At the same time, the federal government is levying the Federal Excise Duty (FED) on these three services, which is clearly double-taxation from these sectors, official sources informed.




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