HIGHLIGHTS

Additional customs duty raised by 1%
-- Cigarettes to cost more
-- Produce Index units raised by Rs 1,000
-- Bonus shares not to be taxed
-- Income Tax rates slashed
-- Desalination plant for Karachi envisaged
-- Further income tax increased
-- Poultry to cost less
-- Tax rate on non-filers raised
-- Tax rate on non-cash paid transactions on non-filers reduced
-- Tax on dividend paid to REIT unit holders reduced
-- NPO''''''''s to get a tax break
-- Defence expenditure raised by 10%
-- Phased reduction in Super Tax