The fixed tax on traders that was included in the budget has been scrapped, and millions of consumers will no longer be subject to fuel adjustment costs (FCA) on their energy bills, according to Prime Minister Shehbaz Sharif. On Tuesday, while on a two-day official visit to Doha, Prime Minister Shehbaz declared, "The economy was on the verge of default... but now thanks to the efforts of coalition partners we have averted this danger."The premier acknowledged that the fixed tax that had been placed on dealers was flawed, but he denied wanting or ordering the finance ministry to do so. The fixed tax was implemented in opposition to our vision. I've established a committee to determine who is responsible for this, he continued. "[Waiver] will result in a Rs42 billion tax revenue shortfall." Traders, transporters, and Pakistani diplomats stationed overseas were all offered concessions by a relief-loaded law that President Arif Alvi issued on Monday, but smokers ...