Pakistan People's Party (PPP) senators Saeed Ghani, Ajiz Dhamra and Karim Khawaja criticised the federal government for presenting rich and elite-friendly budget-2014-15. In a joint statement issued from PPP Media Cell on Sunday, the PPP Senators said the federal government for the first time in history offered tax relaxation of Rs 477 billion to the elite class, which was Rs 239 billion in past fiscal year. Contrary to that huge tax relaxation, the federal government had claimed that it had cut the tax relaxation limit by reducing Rs 103 billion, which was a candid lie, they added.
The PPP Senators said the government had in its first year raised the tax relaxation limit with Rs 237 billion, which was a serious joke with the poverty-driven masses and its negative impacts on economy, would be devastating in near future.
They said that offering incentives to foreign investors was a good step toward boosting economy of the country but such incentives should not be at the cost of local investors as the federal government had suggested levying 20 percent tax on foreign investors while the local investors were already paying taxes at the rate of 33 percent.
The PPP Senators said that 200 percent increase in gas tariff for industrial, commercial and fertilizer sectors in terms of GIDC was an act of open enmity to the masses because the 200 percent increase would increase the cost of production by 30 percent and it would leave a heavy negative impact of agriculture.
They said that poverty level had already crossed all barriers while gas and electricity crises and prolonged loadshedding had caused small and cottage industry to vanish and millions had been rendered jobless.
They said the government had declined to offer any relief to the poor masses but had facilitated the rich by making a 10 percent reduction in federal excise duty on luxury cars while no reduction was made for small cars.
The PPP Senators had appealed to MNAS not to approve the elite-friendly and anti-masses federal budget-2014-15.
Comments
Comments are closed.