Total net receipts of Rs. 3,591 billion, out of which 975 billion will be bank borrowings. What is your analysis ?? Some key points: 1. No agricultural tax - 2. Increase in Sales tax by 1% - Indirect form of taxation which cripples the poor and middle class which the rich escape its ambit. 3. No increase in wages for employees - Rs. 15000 promise 4. 15% increase in Defence Budget 5. No more Tax Relief for packaged milk and bottled water (among other things) - Again the poor will suffer. Now they will have to pay more to drink clean water and uncontaminated/impure milk. 6. Reduction in duty and tax on car importation - Again, a measure which assists upper-middle class and the rich. A poor man cannot afford a local car let alone an imported one. 7. Money allocated for Motorways - Can Pakistan really afford to spend money on roads that only the elite will use? 8. Loans for graduates and small businesses - And what will be the interest rate? 8%? How do you expect them to pay this loan back without a job or if their business does not take off. Are you suggesting a 100% success rate with these loans? 9. Corporate tax reduced from 35% to 30% - those poor people, living below the poverty line, need our support so that their corporate businesses can grow. 10.Education budget 1-2%? So much about 5% Education budget ??? where is that promise 11. three billion for Laptop scheme !!! instead of spending it on education. 12. Continuation of benazir income support program ...to increase more beggars 13. More Tax on Hajjis
Posted on: Thu, 13 Jun 2013 06:26:35 +0000
Trending Topics
Recently Viewed Topics
© 2015