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PM Shehbaz announces 10pc 'super tax' on large-scale industries

Paitoo

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I agree with the sentiment that 'rich will have to do their part'
When the going gets tough, the tough get going. Time for the rich to prove they are tough.

They could have chosen a better name for the tax though
 

Wood

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So what fix is to **** companies

Look i knlw your sittingelse where but solution isnt to kill manfactutong but cut down the 1300 billion rupees development project

There is no major fiscal deficit problem the problem PMLN wants massive spending for election and in the process screwed up everything
If there is 'no major fiscal deficit', then why is IMF giving Pakistan such a difficult time?
 

MastanKhan

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During Zardari and Nawaz era, our Pak industrialists moved to Bangladesh and wealth moved to Dubai.... And now again we ll see a massive flight of capital from Pakistan.............. sad very sad ..

Hi,

And Zardari was brought over by Gen Kiyani---.

After Benazir died, Zardari approached the americans to become the president---. Collin Powell or Condy Rice called Gen Kiyani and asked if he would have any problem with Zardari.

Kiyani replied no---rest is history---. Gen Kiyani participated in destroying pakistan.
 

akramishaqkhan

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This move will drive more inflation.
Direct and indirect taxes will reduce consumption, thereby reducing consumption aligned taxes
Given Hyper-Inflation FDI will dry up completely and dollar will rise against the rupee due to CAD and import bills around energy.
Remittances might increase (in terms of rupee value - but might stay flat or even decrease given global economic slowdown) but will not offset recessionary and hyper-inflation pressures.
Tax receipts will shrink, as companies layoff, under revenue pressure due to overall slow down. Not to mention less corporate profits.
Companies like IT will build offshore billing entities, further reducing inflow of foreign currencies. Some might even move out completely.
Some exports might grow but with imports shrinking with cost of imported goods like machinery and other higher value inputs (into export products) will become more expensive balancing out any rupee|dollar advantage.
This is timed perfectly against a global recessionary cycle alongwith a commoditiy super cycle.

PAKISTAN's economy is about to go into a TAILSPIN!
The Bajwa team needs to understand what motion they have put this country to. THIS WILL NOT END WELL.
 

Cheepek

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Genghis khan1

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I agree with the sentiment that 'rich will have to do their part'
When the going gets tough, the tough get going. Time for the rich to prove they are tough.

They could have chosen a better name for the tax though
Large investors will pack their bags and take their money elsewhere with better return on their investment, whereas crooks elitist will evade Taxes. Only people left to prove their toughness will be average person like you and other small businesses that will end up with losing jobs created by large investors or running out of business. You will move from middle to lower middle class.

Hi,

Shehbaz govt was brought in to destroy pakistan's economy so that pakistan can go bankrupt and the powers to be can force pakistan to relinquish it nucs.
Spot on. Bajwa is totally compromised.
 

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