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Pakistani PM announces poverty alleviation tax on large industries

ISLAMABAD, June 24 (Xinhua) — Pakistani Prime Minister Shahbaz Sharif on Friday announced an imposition of 10 percent “poverty alleviation tax” on about 13 large-scale industries in the country.

The large industries include cement, fertilizers, steel, sugar, textile, oil and gas, liquefied natural gas terminals, banking, cigarette, chemicals and beverages, the prime minister said in a video message after chairi