MIFTAH ISMAIL GIVES INCENTIVES TO OWN INDUSTRY IN FEDERAL BUDGET

[Ghazwa-e-Hind]

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) leader and former federal minister Hammad Azhar pointed out that finance minister Miftah Ismail has given incentives to own industry in the federal budget for FY2022-23, ARY News reported on Friday.

Hammad Azhar said in a Twitter message that finance minister Miftah Ismail announced an increase in the sales tax on fertiliser from 2% to 10% and a hike of 5% to 10% was made on natural gas but there was a reduction of duties on the import of flavouring powders for food preparation for snacks manufacturers.

Ismail Industries Limited (اسماعیل انڈسٹریز لمٹیڈ) is a Pakistani confectionery and snack food manufacturer which owns AstroPack, CandyLand, Bisconni and SnackCity brands.

READ: Rs9.5 trillion budget presented for FY 2022-23

https://twitter.com/x/status/1535287238422155268

Commenting over his tweet, former federal minister Shireen Mazari wrote, “Miftah clearly guilty of conflict of interest!.”

https://twitter.com/x/status/1535295933356851200

FEDERAL BUDGET 2022-23​

The federal budget 2022-23 has a total outlay of 9502 billion rupees has been announced, encompassing measures for what the government termed ‘sustainable economic growth, industrial and agriculture development and relief for the poor people’.

READ: BUDGET 2022-23: FULL TEXT OF MIFTAH ISMAIL’S SPEECH

Major points and announcements

• Remittances target 33.2 billion PKR
• GDP growth target set at 5 per cent
• Inflation to be brought down at 11.5 per cent
• FBR Revenue Target at 7004 billion PKR
• Non-Tax revenue target at 2000 billion
• Import target at USD 70 billion
• Export target at USD 35 Billion
• End of 8 percent withholding tax on distributors, producers
• Advance tax will be increased on cars above 1600cc

Miftah Ismail gives incentives to own industry in federal budget

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) leader and former federal minister Hammad Azhar pointed out that finance minister Miftah Ismail has given

arynews.tv

 

[Clutch]

Of course... Why else did they struggle to come to power .. to rob and steal....

 

[IbnAbdullah]

Salaam


I think it's just a force of habit. Conflict of interest and such are foreign concepts for these people. They do this sort of thing all the time do even when the spot light is on them and the country is going through hard times, they do it despite the potential for scandal.

This guy is rich enough already but ... They are never rich enough, unfortunately.

 

[muhammadhafeezmalik]

Hammad Azhar gave incentives to housing sector to increase the sale of Afco Steel and gave incentives to steel multiple times, steel price shot up from Rs.100,000 to Rs.225,000 in just 3.8 years despite giving incentives to steel companies.

Come'on stop doing this, every person is doing something for living, except those who live on charity.

BTW Miftah also gave relief to Imran Khan's Shaukat Khanum Hospital in this budget.

Charitable hospitals’ supplies get ST relief

ISLAMABAD: The federal government has restored the exemption of general sales tax on local supplies to charitable...

www.brecorder.com

 

[Olympus81]

Muftah is doing the right thing.

He needs to give his own industry a 10 year tax break.

 

[SecularNationalist]

That's why they come to power.

 

[Olympus81]

Imran Khan gave life time tax break to his masters.

Govt frees AWT from income tax | The Express Tribune

The govt exempted income of the Army Welfare Trust by separately moving an amendment just before the approval of the finance bill by the national assembly.

tribune.com.pk

Guess I touched a raw nerve.

 

[El Sidd]

Conflict of interest is a form of corruption.

Government must ensure rule of law and rule of corruption. The populace may rebel soon.

 

[Catalystic]

So….how many cocomo in a packet it’s going to be ???
Kya ek packet mei phir se 5 cocomo hongi ?

 

[Jazzbot]

Hammad Azhar gave incentives to housing sector to increase the sale of Afco Steel and gave incentives to steel multiple times, steel price shot up from Rs.100,000 to Rs.225,000 in just 3.8 years despite giving incentives to steel companies.

View attachment 853129

View attachment 853130

Come'on stop doing this, every person is doing something for living, except those who live on charity.

BTW Miftah also gave relief to Imran Khan's Shaukat Khanum Hospital in this budget.

Charitable hospitals’ supplies get ST relief

ISLAMABAD: The federal government has restored the exemption of general sales tax on local supplies to charitable...

www.brecorder.com

Aa gaya bhikari apni aaj ki 2 biryani ki plates halal karne.

Did Hamad Azhar own any steel mil? How is it anywhere related to what Mifta did?

Imran Khan gave life time tax break to his masters.

Govt frees AWT from income tax | The Express Tribune

The govt exempted income of the Army Welfare Trust by separately moving an amendment just before the approval of the finance bill by the national assembly.

tribune.com.pk

Again, is this same as what Mifta did? Patwari's like you will post random sh!t but won't comment on the actual topic of the thread. Tell us about what Mifta has done, is it conflict of interest aka corruption or not?

 

[R Wing]

Salaam


I think it's just a force of habit. Conflict of interest and such are foreign concepts for these people. They do this sort of thing all the time do even when the spot light is on them and the country is going through hard times, they do it despite the potential for scandal.

This guy is rich enough already but ... They are never rich enough, unfortunately.

EXACTLY! They don't even care to avoid the bad optics, as the very public trip on the tax payer's dime to visit the absconder and former convict Nawaz Sharif in London demonstrated.

 

[General Dong]

Hammad Azhar gave incentives to housing sector to increase the sale of Afco Steel and gave incentives to steel multiple times, steel price shot up from Rs.100,000 to Rs.225,000 in just 3.8 years despite giving incentives to steel companies.

View attachment 853129

View attachment 853130

Come'on stop doing this, every person is doing something for living, except those who live on charity.

BTW Miftah also gave relief to Imran Khan's Shaukat Khanum Hospital in this budget.

Charitable hospitals’ supplies get ST relief

ISLAMABAD: The federal government has restored the exemption of general sales tax on local supplies to charitable...

www.brecorder.com

Your an imbecile. All you can do his give weak counterpoint you pull out of your ***. The fact one of your counterpoints his "he gave relief to a charitable hospital also"... that hospital serves the poor and sick. Something your leaders know nothing about. All they know is how to fill their own pocket.

Why do you neglect all the billions of dollars your beloved ganja stole? They live in foreign palaces and enjoy luxury we cannot even imagine while the common folk in pakistan struggle to earn a living and deal with loadshedding.

 

[HAIDER]

Every country gives incentives on food items.

PTI couldn't find anything else?

Food items, like wheat, etc, are daily consumption items .... not cookies and candies.

 

[HttpError]

OH Bhai, This is called ROI (Return on Investment) He spent millions on PMLN now it is time to get Billion in return.

 

[Black.Mamba]