Pakistan, June 24 -- Finance Minister Muhammad Aurangzeb unveiled new taxation measures, including levies on income generated from mutual funds and government securities, at the National Assembly on Monday.

Addressing the lower house, the finance minister presented three more budget proposals.

"The first of these is to increase the tax rate on income derived from the debt portion of mutual funds issued to companies from 25% to 29%. Secondly, it is proposed to impose a 20% tax on profits made by corporations and companies on investments in government securities," he said.

The government has also proposed to tax the poultry sector, said Aurangzeb.

"It is proposed that a Federal Excise Duty (FED) of Rs10 per day-old chick should be impos...