Prime Minister Imran Khan addressing the assembly of the federal cupboard. 

ISLAMABAD: The federal authorities on Friday stated that it has determined to introduce an ordinance that can abolish the earnings tax exemptions given to varied sectors, Geo.television reported.

In accordance with sources, a presidential ordinance to rescind the earnings tax exemption of Rs140 billion has been drafted and the federal cupboard has authorized its abstract.

Sources additional stated that the approval of the ordinance was granted via a abstract circulation, including that the invoice was not submitted to the Parliament for approval as a result of lack of time.

The federal authorities has to tell the Worldwide Financial Fund (IMF) earlier than March 24 concerning the abolition of earnings tax exemption, sources added.

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