Pakistan will destroy without taxing elites: Miftah Ismail

Miftah Ismail

ISLAMABAD: Former finance minister Miftah Ismail said Sunday that the country will be destroyed without taxing the elites, ARY News reported.

While talking to the ARY News programme Sawal Yeh Hai, Miftah Ismail said that financial issues would not be resolved until elites go without taxes. He suggested the government to reduce expenses to improve the economy.

The former finance minister said that 40% inflation has not only destroyed the middle class people but it is now affected the upper class people.

He criticised that the leaders had not taken right decisions on the right time. “In 2017, the government increased the taxes on salaried persons by 15%, whereas, 261 billion are being taken from the salaried persons in terms of taxes today, whereas, only 61 billion of taxes are being received from big exporters.”

Ismail said that the government is not imposing property and agriculture taxes in provinces. He opposed the imposition of taxes on retailers and wholesalers.

Earlier, Miftah Ismail favoured the continuation of loadshedding in the summer season for conserving energy and the early closure of markets.

He also suggested to hike gas price in the winter season and shift the load to the electricity appliances. Ismail also favoured the closure of markets at 8pm under the energy conservation plan.

Related: Asad Umar opposes early closure of markets

While talking to the ARY News programme ‘Khabar’, Miftah Ismail said that there is no other option left for Pakistan than continuing loadshedding in summer season to reduce expenditures on generating expensive electricity.

Regarding the relief for electricity consumers, the former finance minister said that the IMF would definitely reject the recommendation for relief to the 90% of power consumers using 400 units

Ismail favoured the caretaker government’s decision to provide relief to the power consumers using 200 units.

“The IMF demands the privatisation of the loss-making national entities. We should definitely privatise the loss-making entities.”



from ARY NEWS https://ift.tt/CTkSYs0
https://ift.tt/h0fFbuC

Comments

Post a Comment

Popular posts from this blog

Punjab CM election case: Coalition govt decides to boycott Supreme Court bench

Image
ISLAMABAD: The coalition government on Monday decided to boycott the current three-member Supreme Court bench which is hearing the case pertaining to the Punjab CM. Chief of Pakistan Democratic Movement (PDM) and Jamiat Ulema e Islam-F (JUI-F) Maulana Fazlur Rehman said the PDM demanded full court hearing of the case related to Punjab CM election. […] The post Punjab CM election case: Coalition govt decides to boycott Supreme Court bench appeared first on BOL News . from BOL News https://ift.tt/Omq7tG2 https://ift.tt/9cFUoLG
Read more

Karachi police to probe DIG Azfar Mahesar’s son’s viral firing videos

Image
KARACHI: Sindh Home Minister Ziaul Hasan Lanjar ordered an inquiry after Deputy Inspector General of Police (DIG) East Azfar Mahesar’s son Asher’s aerial firing videos went viral on social media, ARY News reported. Earlier, video footage showed DIG Azfar Mahesar’s son brandishing different kinds of weapons and resorting to aerial firing in several videos posted on social media. Asher was seen in different locations, sometimes in a moving car, relentlessly conducting aerial firing. Speaking to ARY News, Lanjar said that he has ordered Karachi police to do a forensic examination of the videos and initiate action against DIG Mahesar if he is found guilty in the case. Read more: Caught on camera: Heavy aerial firing by ‘students’ near Seaview Soon after the videos circulated, Karachi police said that it had filed a complaint with the Federal Investigation Agency (FIA) to investigate the matter. According to police, some of the videos were old and were edited, however, an inquiry has
Read more

CJCSC addresses participants of 53rd PN Staff Course

Image
RAWALPINDI: Chairman Joint Chiefs of Staff Committee (CJCSC) General Sahir Shamshad Mirza on Thursday visited Pakistan Navy War College Lahore and addressed the participants of the 53rd PN Staff Course. According to a press statement issued by the Inter-Service Public Relations (ISPR), the CJCSC expressed his views on the armed forces’ efforts in confronting the multifaceted conventional and non-conventional challenges. General Sahir Shamshad Mirza said that the Pakistan Navy has always fulfilled the expectations for the protection of maritime borders. “The Pakistan Navy has a proud history of bravery and sacrifices for the motherland,” the CJCSC added. Earlier upon arrival, General Sahir Shamshad Mirzaki was welcomed by Commander Rear Admiral Azhar Mahmood. On the occasion, the CJCSC also laid floral wreaths and offered Fateha at the martyr’s monument. Read More: CJCSC, Turkish Army chief reaffirm expanding strategic ties Earlier on April 18, Chief of the Turkish General Staff
Read more