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President gives assent to Finance Bill 2014-15

ISLAMABAD: President Mamnoon Hussain has approved the Finance Act 2014-15, which will come into effect from today (Thursday), ARY News reported. All the suggestions mooted in the budget are to be implemented from today. The budget proposals included import and export duties, regulatory duty on luxurious items and imposition of 5% sales tax on different items. Under the finance act, the application of new taxes of Rs 246 billion will also start from today. The National Assembly on June 21 had approved the Finance Bill…