As the Budget 2021-2022 was presented in the National Assembly on Friday, one thing was clear: the government was aiming to please as much of the population as it could.
Earlier in the day, Prime Minister Imran Khan had said “everyone would be happy” with the budget and the reduction of taxes on several industries seemed to reflect that.
The budget included exemptions and relief measures for nearly all industries, and new businesses and products being brought into the tax net seemed far fewer in comparison. The automobile sector was a heavy beneficiary with tax exemptions for small cars and four-wheelers.
However, not all of it was good news for the average consumer, especially with the imposition of federal excise duty (FED) on cellular services and e-cigarettes.