Gold prices may fall as finance minister proposes withdrawal of import VAT
05:09 PM, June 11, 2020 / LAST MODIFIED: 05:30 PM, June 11, 2020

Gold prices may fall as finance minister proposes withdrawal of import VAT

The price of gold is likely to decline as Finance Minister AHM Mustafa Kamal today proposed withdrawal of VAT on import of gold.

The existing rate of VAT on gold import (unwrought) is 15 percent.

Finance Minister AHM Mustafa Kamal today placed the budget for fiscal 2020-21.

 

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