ISLAMABAD - Opposition leader Syed Khurshid Shah asked the government on Tuesday to withdraw the additional taxes imposed in the next year's budget keeping in view the welfare of the masses.
Continuing debate on the budget, leader of the opposition Khurshid asked the government to withdraw the additional taxes imposed in the next year's budget keeping in view the welfare of the masses. He said that the government has violated fiscal responsibility act by taking loans over sixty per cent of the GDP. Khurshid said that the federation is stronger than ever before under the umbrella of democracy. He also said that the federation will continue to gain strength as more powers are delegated to the federating units. And the government has failed to achieve its targets set for the financial year 2013-14.
According to IMF, the growth rate remained 3.3 per cent as against the government's target of 4.4 per cent while the agriculture growth rate also witnessed a sharp decline. The prices of food items have risen by two hundred times against the government's target to reduce the inflation rate to eight per cent. He said that the government has also fallen short of achieving the revenue collection target despite revising the target downward twice. Criticizing the privatization policy of the government, khurshid said that the privatization of profitable institutions will be contrary to the interests of the country and destroy the economy.
He said that the opposition will strongly oppose the privatization of these institutions as it will render a large number of people jobless.