Islamabad [Pakistan], June 17 (ANI): The recent federal budget passed by the Government of Pakistan, led by Imran Khan, does not provide relief to the common people, with no incentives, no room for job creation and income generation. Zahid Khan Shinwari wrote in the Frontier Post that the federal budget presented by Finance Minister Shokat
Islamabad [Pakistan], June 17 (ANI): The recent federal budget passed by the Government of Pakistan, led by Imran Khan, does not provide relief to the common people, with no incentives, no room for job creation and income generation.
Zahid Khan Shinwari wrote in the Frontier Post that the federal budget presented by Finance Minister Shokat Tallinn shows a huge budget deficit of Rs 3.9 trillion. He questioned why the federal government could not reduce non-development spending by reducing and reducing the overly inflated but inefficient scale of government ministries.
“When introducing the smart government concept adopted in many countries around the world, why not negotiate and reduce your defense budget? Rescheduling and restructuring your creditors and debt to free up breathing space. Would you like to make and offer a historic surplus budget? “He asked.
He also said that Pakistan’s tax revenue target (Rs 5.5 billion this year) was once lowered to Rs 5,000 and Rs 4,800, but nevertheless failed despite high past revenue collection claims by the Federal Revenue Commission. Was emphasized. (FBR).
Mr Shinwari further said that Pakistan’s indirect tax ratio is very high, putting a burden on the common people and the poor. In addition, no incentives for domestic or foreign investment, which are essential for job creation and revenue generation, have been announced.
Moreover, there are no policy changes to restore and revive the economies of the country’s rear regions.
“Clearly, the people of Khyber Pakhtunkhwa and Balochistan have always been backwards, reconciled with the fact that industry and trade activities are only available in Punjab and Karachi,” Shinwari wrote in the Frontier Post.
He also emphasized that inflation and price increases are some other major challenges that have caused havoc in the lives of men in general, as current budgets do not reflect policies that provide them with relief. did. In addition, state-owned enterprises (SOEs) are still bleeding, causing losses of up to Rs 700 billion annually.
Despite the highly hyped federal budget, some have expressed dissatisfaction with the increase in salaries for civil servants.
Former Prime Minister and Pakistan Muslim League-Nawaz (PML-N) leader Shahid Khaqan Abbasi said on Sunday that the 2021-22 national budget is “fake” and will provide Pakistani citizens with a new tax worth 343 billion rupees. I warned.
“The budget is based on lies. It’s a fake budget and the government will encourage people to reach that goal,” he said.
Earlier, Tarin was greeted by opposition bench cheers, members shouted slogans, and loudly cursed the Minister of Finance, praising Prime Minister Imran Khan’s economic initiatives while presenting a budget for fiscal year 2021-22. (ANI)