ISLAMABAD: International Monetary Fund (IMF) has proposed the levy of 15 percent sales tax on cement blocks and bricks, the primary raw materials for construction industry in Pakistan. Official sources disclosed that IMF has asked the government of Pakistan to levy 15 percent sales tax on cement blocks and bricks in the next financial budget 2004-05 to meet the already agreed conditions of IMF programme.
Imports into Philippines up 5%, industry calls for measures
Cement imports into the Philippines have increased by five per cent to 6.2Mt in the first 10 mon...