Pakistan Budget 2013 Some key points: 1. Increase in Sales tax by 1% - Indirect form of taxation which cripples the poor and middle class which the rich escape its ambit. 2. No increase in wages for employees - Rs. 15000 promise = Josh-E-Khitabat. 3. 15% increase in Defence Budget - So much for PMLN being anti-establishment. 4. No more Tax Relief for packaged milk and bottled water (among other things) - Again the poor will suffer. Now they will have to pay more to drink clean water and uncontaminated/impure milk. 5. Reduction in duty and tax on car importation - Again, a measure which assists upper-middle class and the rich. A poor man cannot afford a local car let alone an imported one. 6. Money allocated for Motorways - Really PMLN? Can Pakistan really afford to spend money on roads that only the elite will use? 7. Loans for graduates and small businesses - And what will be the interest rate? 8%? How do you expect them to pay this loan back without a job or if their business does not take off. Are you suggesting a 100% success rate with these loans? 8. Corporate tax reduced from 35% to 30% - Yes of course! those poor people, living below the poverty line, need our support so that their corporate businesses can grow. 9.Education budget 1-2%? So much about 5% Education budget. Liars! How can people bring these scums back is beyond me.
Posted on: Thu, 13 Jun 2013 09:47:18 +0000