8.2 C
New York
Tuesday, September 27, 2022
HomeWorldPakistanThe government redistributes the economic burden on the poor by taxing the...

The government redistributes the economic burden on the poor by taxing the rich: Prime Minister Shehbaz – Pakistan

This was stated by Prime Minister Shahbaz Sharif. on tuesday that in in budget for fiscal year 2022-23, ruling coalition government decided to redistribute the economic burden on the poor while taxing the rich.

Talking to media in Islamabad after the meeting of federal cabinet, he said: policy we formulated in in budget that we decided to redistribute the burden on poor. We will tax rich citizens so that the poor can be sure of government helps them by taking various measures, and also taxation of the rich.”

prime minister hoped that those who were privileged, would “gladly” lend their support into the country into this critical connection and demonstrate the spirit of “victim”. ” government collect hundreds of billions of rupees in through taxes,” he said. added.

prime minister confirmed that government came to power during a call times and took a difficult decisions. However, he claimed that government would take more difficult decisions in in future if need to be.

“We will not hesitate to accept any step which could help strengthen economy.”

Prime Minister Shehbaz stated that government there was no other option than making tough decisions out at PTI for “violation” of the signed agreement with International Monetary Fund (IMF).

Premiere also said the country is suffering and witnessing a crisis due to careless economic policies of in former PTI government.

prime ministerStatement made as inflation soared in country and with in government high fuel and energy prices.

However, to compensate for the consequences of these trips, government partial relief in in budget for FY 23 on hard- pressed hired people by doubling basic threshold of taxable salary up to Rs 1.2 million per year year.

In the same time government tried to increase tax revenues, mainly through directly taxation of wealthy people and land holdings of rich.


Follow World Weekly News on

Derrick Santistevan
Derrick Santistevan
Derrick is the Researcher at World Weekly News. He tries to find the latest things going around in our world and share it with our readers.

Leave a Reply

Must Read