AGL 40.00 Decreased By ▼ -0.16 (-0.4%)
AIRLINK 129.53 Decreased By ▼ -2.20 (-1.67%)
BOP 6.68 Decreased By ▼ -0.01 (-0.15%)
CNERGY 4.63 Increased By ▲ 0.16 (3.58%)
DCL 8.94 Increased By ▲ 0.12 (1.36%)
DFML 41.69 Increased By ▲ 1.08 (2.66%)
DGKC 83.77 Decreased By ▼ -0.31 (-0.37%)
FCCL 32.77 Increased By ▲ 0.43 (1.33%)
FFBL 75.47 Increased By ▲ 6.86 (10%)
FFL 11.47 Increased By ▲ 0.12 (1.06%)
HUBC 110.55 Decreased By ▼ -1.21 (-1.08%)
HUMNL 14.56 Increased By ▲ 0.25 (1.75%)
KEL 5.39 Increased By ▲ 0.17 (3.26%)
KOSM 8.40 Decreased By ▼ -0.58 (-6.46%)
MLCF 39.79 Increased By ▲ 0.36 (0.91%)
NBP 60.29 No Change ▼ 0.00 (0%)
OGDC 199.66 Increased By ▲ 4.72 (2.42%)
PAEL 26.65 Decreased By ▼ -0.04 (-0.15%)
PIBTL 7.66 Increased By ▲ 0.18 (2.41%)
PPL 157.92 Increased By ▲ 2.15 (1.38%)
PRL 26.73 Increased By ▲ 0.05 (0.19%)
PTC 18.46 Increased By ▲ 0.16 (0.87%)
SEARL 82.44 Decreased By ▼ -0.58 (-0.7%)
TELE 8.31 Increased By ▲ 0.08 (0.97%)
TOMCL 34.51 Decreased By ▼ -0.04 (-0.12%)
TPLP 9.06 Increased By ▲ 0.25 (2.84%)
TREET 17.47 Increased By ▲ 0.77 (4.61%)
TRG 61.32 Decreased By ▼ -1.13 (-1.81%)
UNITY 27.43 Decreased By ▼ -0.01 (-0.04%)
WTL 1.38 Increased By ▲ 0.10 (7.81%)
BR100 10,407 Increased By 220 (2.16%)
BR30 31,713 Increased By 377.1 (1.2%)
KSE100 97,328 Increased By 1781.9 (1.86%)
KSE30 30,192 Increased By 614.4 (2.08%)

KARACHI: Jamaat-e-Islami on Friday rejected the Sindh budget for the next financial year, saying that the country's largest city failed to attract new uplift projects, despite paying 95 percent of tax revenues.

In reaction to the Sindh budget, Munem Zafar, JI Karachi Chief censured the ruling PPP for neglecting Karachi once again. Despite contributing 95 percent in tax revenues, the metropolis stands underdeveloped, he added.

"It is a matter of concern and sorrow that the PPP government failed to launch any new development project in the mega city," he said that the budget contains ambiguity in allocation of funds for the ongoing development schemes.

He proposed that the city's 60 percent revenues should be spared for the rehabilitation of its already deteriorated infrastructure. The budget ignores the K4 water supply and mass transit projects for Karachi, he added.

He called an allocation of mere Rs45 million for Karachi Circular Railway project a "joke" to the citizens of the metropolis, saying that the budget for the healthcare sector is also "insufficient".

Munem slammed the government for unclear budget figures for the education sector, saying that the allocation lacks details as how much portion will go for academic uplift.

He also questioned the government for its salaries increase policy as it augmented the public employees’ pay scale up to 30 percent but leaving private sector unattended in the budget.

He sought a procedure from the government as how it will ensure the provision of minimum wage for the labour class.

Disparity in taxation badly hurts the salaried class as the budget facilitates the feudal lords to pay less, he added.

Copyright Business Recorder, 2024

Comments

Comments are closed.