Govt ready to increase taxes on salaried class: economic expert

salaried class taxes, economic expert, khurram shehzad, bakhabar savera

Economic expert Khurram Shehzad said that the federal government has prepared to further increase taxes on the salaried class for expanding the tax net amid the high inflation rate, ARY News reported on Tuesday.

While talking to the ARY News programme ‘Bakhabar Savera’, economic expert Khurram Shehzad said that the government made the salaried class scapegoat once again for expanding the tax net.

He criticised that the nationals have always borne the consequences of politicians’ mistakes and the financial burden was always imposed on the common people. “The burden of the political mistakes will be borne by the nation and the corporate sector due to vague financial decisions.”

Shehzad admitted that the issue of the stalled International Monetary Fund (IMF) loan programme is quite serious but the global institution has never pushed the government to do injustice to the poor nation and the corporate sector but to improve the financial matters.

“The financial issues will not be resolved through only imposing taxes on the salaried class or the corporate sector which are already paying taxes.”

The economic expert said that the salaried class is already paying 40% to 45% of their earnings in terms of taxes i.e. withdrawal of salaries from banks, payments of utility bills and 18% GST on grocery purchases.

He added that unfortunately, the citizens are not getting anything in return despite paying higher taxes as they have to resolve other issues like security, children’s education and health. He said that the injustices raised several questions over the imposition of higher taxes when the government has failed to fulfil the basic needs of its citizens.

from Latest Pakistan News and Breaking News from All over Pakistan https://ift.tt/vfIxnkP

Comments

Elevate Your Style with a Men's Leather Jacket with Fur Collar

When it comes to timeless fashion, the allure of an original leather jacket is undeniable. These iconic pieces have transcended generations, exuding rugged sophistication and individuality. However, if you're seeking to take your style to the next level, consider a distinctive choice: the Men's leather jacket with fur collar . The Appeal of Original Leather Jackets Original leather jackets have long been celebrated for their durability, versatility, and timeless appeal. These jackets are something beyond clothing; they are an assertion of style, an encapsulation of disobedience, and an image of exemplary cool. Whether you're riding a motorcycle, strolling through the city, or attending a casual gathering, an original leather jacket elevates your look. The Allure of a Fur Collar What sets the Men's leather jacket with fur collar apart is its exquisite detailing.The option of a fur collar not just gives an additional layer of warmth during colder months yet in addition

Shahid Khaqan Abbasi criticises Imran Khan

Former premier and Pakistan Muslim League Nawaz (PML-N) central leader Shahid Khaqan Abbasi criticised the PTI chief and said that the country’s situation would be worse if Imran Khan stays in power today, ARY News reported on Friday. Shahid Khaqan Abbasi said in a statement that the citizens of Pakistan are aware of the prevailing situation in the country. He added with each passing day, those politicians are exposed who brought instability to the country. The former premier alleged that the PTI chairman Imran Khan was bought to power by rigging the general elections. He added that those who brought Khan also admit their mistake, adding that if Imran Khan was in power today, the situation would be worse. Shahid Khaqan Abbasi said that the PML-N handed over Pakistan to the caretaker government in a developed status back in 2018. He added, “After staying in power for 3.5 years, Imran Khan should tell the nation about at least one achievement of his government.” He said that the PML

NEPRA releases report on January 23 power breakdown

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has released an inquiry report on a major power breakdown in the country that took place earlier this year, ARY News reported. On January 23, several parts of the country including Islamabad, Karachi, Lahore and Quetta had plunged into darkness as a high-tension electricity supply line between Quetta and Guddu caused a major power breakdown. As per the report, NTDC, Jinco Two Port Qasim Electric Power Company have been held responsible for the countrywide blackout. The Inquiry committee while highlighting the flaws in the power system said electricity generation was increased from wind power plants in the South, while in the North, hydel power generation was decreased. Read more: NEPRA forms probe committee on countrywide power breakdown The power system got affected due to the over supply of electricity in transmission lines, as a result, three plants of K-2 were tripped and 1,940mw electricity disappeared from

News Point

Search This Blog