PML-Nawaz demands cut in defence budget
ISLAMABAD: The Pakistan Muslim League-Nawaz (PML-N) on Sunday demanded a reduction in defence allocations in the upcoming federal budget and the setting up of a National Uplift Fund.
PML-N leader Mohammad Siddiqul Farooq said the expected Rs 25 billion increase in defence allocations was ââ¬Åutterly unnecessaryââ¬Â. ââ¬ÅMilitary generals have a habit of building golf courses, General Headquarters (GHQ), purchasing expensive cars and giving kickbacks in various defence deals,ââ¬Â he said. The federal government increased the defence budget by Rs 20 billion last year, he added. ââ¬ÅInstead of giving an additional Rs 25 billion to the armed forces, the government must withdraw the Rs 20 billion increase was made in the last budget.ââ¬Â Generalsââ¬â¢ defence policies have repeatedly failed, said the PML-N leader, citing the secession of Bangladesh, the Russian invasion of Afghanistan, Kargil and the operation in Waziristan. He said the parliament must debate and approve defence allocations.
ââ¬ÅThere was no need to build a new GHQ in Islamabad with billions of rupees. Instead, the same amount should be given to the uplift fund,ââ¬Â he said. The wealth tax must be re-imposed, he added. ââ¬ÅThe wealth tax has been waived at the behest of senior PML politicians because they are all billionaires.ââ¬Â Farooq said the countryââ¬â¢s trade deficit was $1.6 billion in 1999, and had reached $11.5 billion in 2006. He said the government reduced the National Saving Schemeââ¬â¢s interest rate from 14 percent to 8 percent. staff report
http://www.dailytimes.com.pk/default.asp?page=2006\05\22\story_22-5-2006_pg7_16
ISLAMABAD: The Pakistan Muslim League-Nawaz (PML-N) on Sunday demanded a reduction in defence allocations in the upcoming federal budget and the setting up of a National Uplift Fund.
PML-N leader Mohammad Siddiqul Farooq said the expected Rs 25 billion increase in defence allocations was ââ¬Åutterly unnecessaryââ¬Â. ââ¬ÅMilitary generals have a habit of building golf courses, General Headquarters (GHQ), purchasing expensive cars and giving kickbacks in various defence deals,ââ¬Â he said. The federal government increased the defence budget by Rs 20 billion last year, he added. ââ¬ÅInstead of giving an additional Rs 25 billion to the armed forces, the government must withdraw the Rs 20 billion increase was made in the last budget.ââ¬Â Generalsââ¬â¢ defence policies have repeatedly failed, said the PML-N leader, citing the secession of Bangladesh, the Russian invasion of Afghanistan, Kargil and the operation in Waziristan. He said the parliament must debate and approve defence allocations.
ââ¬ÅThere was no need to build a new GHQ in Islamabad with billions of rupees. Instead, the same amount should be given to the uplift fund,ââ¬Â he said. The wealth tax must be re-imposed, he added. ââ¬ÅThe wealth tax has been waived at the behest of senior PML politicians because they are all billionaires.ââ¬Â Farooq said the countryââ¬â¢s trade deficit was $1.6 billion in 1999, and had reached $11.5 billion in 2006. He said the government reduced the National Saving Schemeââ¬â¢s interest rate from 14 percent to 8 percent. staff report
http://www.dailytimes.com.pk/default.asp?page=2006\05\22\story_22-5-2006_pg7_16