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Tax on salaried class increased massively: Rs80b ‘burden’ passed on to salaried class

muhammadhafeezmalik

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Yes!
Specially after this statement by none other then PMLN goons

INCREASE IN FUEL PRICES HAS NOTHING TO DO WITH IMF: MIFTAH ISMAIL​




ISLAMABAD: Finance Minister Miftah Ismail has asserted that the increase in prices of petroleum products has nothing to do with International Monetary Fund’s (IMF) conditions, ARY News reported on Tuesday.
Miftah Ismail expressed his views while briefing the federal cabinet meeting chaired by Prime Minister Shehbaz Sharif. During the meeting, he rejected the notion by Pakistan Tehreek-e-Insaf (PTI) that fuel prices were increased to revive IMF programme.
The federal minister said that the global lender had not demanded to increase the fuel prices, but it was a result of global inflation.


He claimed that the Budget 2022-23 was the first in the country’s history that provided relief to the poor and taxed the rich. Meanwhile, Miftah said that the next round of talks with the Fund will be held today (Tuesday) and tomorrow.
Moreover, the federal cabinet also approved the issuance of Sukuk bonds. In this regard, the finance minister said the bonds would help reduce the burden of local debts.
Read More: MIFTAH ISMAIL SEES IMF PROGRAMME’S REVIVAL WITHIN TWO DAYS
A day earlier, Miftah Ismail expressed hope that the stalled International Monetary Fund’s (IMF) programme would be revived ‘within one or two days’.
Talking to journalists at Parliament House, the federal minister said that he was hopeful that an agreement with the global lender for the revival of the Extended Fund Facility (EFF) would be reached within one or two days.
“IMF has no relation with the increase in salaries. Also, the tax exemption to the people earning below 1.2 million [annually] will remain in place,” the finance minister said.

https://arynews.tv/increase-in-fuel-prices-has-nothing-to-do-with-imf-miftah-ismail/

He was saying current prices are not entirely because of IMF there are other factors too. ARY twisting his words.
 

AZ1

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Actually Imran Khan was taxing more than this PMLN government to first three slabs, PMLN is taxing more to those who are earning more. Imran Khan was taxing more to those who were earning less. Still PMLN should give more relief to salaried class.
So give releif in here and then increase the electricity rate all together (Y) to balance that out.
 

muhammadhafeezmalik

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IMP Proposes ??

How is a "proposal" a "deal" ? When is a proposal considered a deal ? Am I missing something ? I did studied contract law as part of my MS degree from NUST, I think I still need to learn a thing or two from you. Kindly enlighten me how is a "proposal" a "done deal" ? That too binding one.

It was "commitment" with IMF.

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I have shared two news items in both PTI government committed with IMF that they will increase the tax on salaried class, the Tribune story reveals that IMF want a uniform tax of 30% on salaried class earning between 104K to 1M, higher tax on earning of more than 1M.
 
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muhammadhafeezmalik

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So give releif in here and then increase the electricity rate all together (Y) to balance that out.

How can government sale electricity at lower prices if it is being produced at higher price due to inflation of fuel prices?? If government will do so the whole system would collapsed eventually.
 

kingQamaR

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Greed for money, power and lust have made the Pakistani society a corrupt. Lack of loyal snd sincere leadership is also a factor
 

Olympus81

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Bunch of idiots.

Increasing tax revenues should have been done through widening of tax base.

And reducing government related expenses. But expecting good from these corrupts is too much of an ask.
 

chinasun

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An effective way to increase taxes is to prevent the rich from evading taxes. Investment, consumption and export are the three carriages of national economic growth. Attracting foreign investment in industrial areas should be a priority of the government. It can increase employment and increase exports. Increasing taxes on ordinary people is not conducive to economic growth.
 

AZ1

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How can government sale electricity at lower prices if it is being produced at higher price due to inflation of fuel prices?? If government will do so the whole system would collapsed eventually.
then why they made contracts?


For kickbacks pmln did this and now they are acting innocent like these plants are done by someobe else.

Your finance minister mifta said we will make cheap electricity? where is that now

 

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