z9-ec
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Again the debate of earning at source or at collection is being brought into the context. The debate is whether the tax revenue is generated by manufacturing plant who produces and sells but is located at a locality other than Karachi, or the head office which consolidates the revenues and deposits tax with government, and is located in Karachi. For example if a consumer loads the 100PKR card of U-Fone in Sukkur and pays 16 Rs tax on that but the Tax is deposited with government by U-Fone Office located in Karachi.The Revenue generation is done by Sukkur by collected at Karachi. And a lot of people don't understand this, even Dr Salman Shah once said that 70% of tax revenue is contributed by Karachi (which is actually collected and deposited).
You are to some extent correct. However, just to get an idea of how big Karachi's industry is search SITE and 4 other industrial zones in Karachi on google maps. Getz Pharma, GlaxoSmithKline, Merck, Adamjee, Waves, Dawlance and etc.
The fact remains Karachi contributes 70% of Pakistan's revenue yet we are deprived of developmet.
again nonsensical figure being used.
How is that not making sense? 80% are from Karachi and manufacture in Karachi and Sindh.
These numbers mentioned in the article are from FBR (Federal Board of Revenue).
how can i make you believe
Only textile industry of Faisalabad constitutes more than 70% of total textile exports of. Pakistan which have a share of 68% in total Pakistan exports. ... 50000 weaving units with more than 400000 weaving looms of different types.
http://www.google.com.pk/url?sa=t&rct=j&q=the%20textile%20industry%20of%20faisalabad%20constitutes%20more%20than%2070%25%20of%20the%20textile%20export%20market%20of%20pakistan%2C%20which%20itself%20forms%2068%25%20of%20total%20exports%20from%20pakistan&source=web&cd=6&ved=0CD0QFjAF&url=http%3A%2F%2Fwww.smeda.org%2Fdownloads%2FCluster_Profile_LightEngineering.pdf&ei=7z2DT7WGIsTrOf2_6JMH&usg=AFQjCNGET4S8Y_n3cX0wTRMl3cCpduovzg
read this report of SMEDA do you trust this source or not ???
Textiles are not GDP.
GDP = government spending + consumer spending + foreign investment + (exports - imports)
i am not saying khi is not important part of pakistan its the gateway of pakistan and financial capital but its not fair to say that karachi is feeding whole pakistan and rest of country is just enjoying on it . Karachi is hub of pakistan economy while Punjab is Engine of Pakistan's economy
IF that were the case then why does the 'engine' start to lose billions of rups a day when Karachi is at a standstill? this is not according to me but none other than FBR.