Pakistan

The burden of only two billion rupees has been placed on the common man: Finance Minister

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The Pakistan Tehreek-e-Insaf (PTI) federal government on Thursday proposed to increase the prices of about 150 items through the Finance (Supplementary) Bill 2021 during the opposition riots.

Finance (Supplementary) Bill 2021 was introduced by Federal Minister for Finance Shaukat Tareen after the suspension of National Assembly rules.

Opposition parties, especially the Pakistan Muslim League-Nawaz (PML-N) and members of the Pakistan People’s Party (PPP) staged a protest in the House during the introduction of the supplementary bill.

Most members of the opposition parties stood up from their seats and chanted slogans in the House, while holding placards in their hands.

According to government estimates, the supplementary finance bill is expected to increase government revenue by Rs 350 billion in the event of new taxes and tax breaks.

The Supplementary Finance Bill proposes to abolish tax exemptions on imported food items, as well as General Sales Tax (GST) exemptions on bakery items and branded food items.

The bill proposes to withdraw tax exemptions on imported machinery for energy sector, raw materials used in the manufacture of medicines, imported pets, birds and eggs, and imported meat and poultry items. Are given.

Similarly, the bill also proposes to increase advance tax on services of mobile phone companies and income tax on mobile phones from 10% to 15%.

The Supplementary Finance Bill 2021 also proposes a 17% sales tax on vehicles larger than 850 cc, and a 17% sales tax on duty-free shops for the first time.

The supplementary bill proposes to increase the tax on machinery used in the poultry sector from 7% to 17%, and the tax rate on silver and gold from 1% to 17%.

Similarly, proposals to levy tax on computers and laptops are also part of the bill.

In addition, the Supplementary Finance Bill 2021 proposes to impose 17% GST on bread preparation in bakeries, restaurants and food chains while maintaining tax exemption on bread and chapatti in ordinary ovens.

Presidential ordinances, vehicle taxes

The supplementary finance bill also proposes to impose federal excise duty on vehicles with a capacity of more than 1,000 cc.

After the introduction of the Supplementary Finance Bill 2021, half a dozen resolutions were tabled by the government in the House, seeking approval of Presidential Ordinances which have expired or are about to expire.

Opposition members challenged the passage of almost all of the resolutions, demanding an end to the protests.

The members who stood for and against a resolution were counted, and Speaker Asad Qaiser, announcing the result, said that the resolution was passed by 145 votes to three.

Criticism of the opposition

PML-N leader Khawaja Asif said on the occasion: “The government is mortgaging the sovereignty of Pakistan, and the State Bank of Pakistan will remain a branch of the IMF.”

He said that the rights of 220 million people of Pakistan were also being surrendered and one could be ashamed of what was happening in the House at that time.

He further said that the government was re-enacting long overdue presidential ordinances through resolutions in violation of Assembly Rules and decisions of the Supreme Court of Pakistan.

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Pakistan Peoples Party leader Raja Pervez Ashraf said: “Government ministers are trying to make the Speaker of the Assembly controversial, because of their own incompetence, because they do not know how to run the government.”

He said that the federal ministers in the PTI government could not go to their constituencies today due to poor performance of the government.

Referring to Foreign Minister Makhdoom Shah Mehmood Qureshi in this regard, he said: “Shah Sahib can go to his followers, but not to the general public.”

Federal Minister Babar Awan said that the term of the ordinance was being extended as per law and constitution because the government had submitted these resolutions in the assembly a long time ago and they were being presented before the House when their number came up. ۔

Federal Minister Asad Omar said that the opposition talks of removing the government, but they managed to get only three of their members in favor of the resolution.

Addressing the house, Asad Mahmood, parliamentary leader of Jamiat Ulema-e-Islam (Fazl-ur-Rehman), termed the PTI’s failure in the recent local body elections in Khyber Pakhtunkhwa as a result of the party’s unpopularity among the people.

He alleged that the PTI government had tried to win the local body elections by using “money” in addition to force and coercion, but the people still rejected them.

On this, Speaker Asad Qaiser said: ‘There is no such thing. I challenge you to prove it.

Opposition leaders also criticized Speaker Asad Qaiser, saying he was supporting government benches in running the house, which was unconstitutional and against the law.

The Prime Minister of Pakistan Imran Khan had come to the Parliament House on Thursday but he did not come to the House while presenting the mini budget.

The National Assembly session has been adjourned till 11 am on Friday. Addressing a press conference after the meeting, Federal Minister for Finance Shaukat Tareen said that the talk of increasing the burden on the people with the supplementary finance bill was baseless.

He said that the IMF wants to impose sales tax on everyone. According to him, the IMF wants to get back the tax exemption of Rs 700 billion, we brought it to Rs 343 billion.

He said that a total of Rs 343 billion tax exemption has been abolished out of which Rs 112 billion tax exemption on machinery has been abolished, Rs 160 billion tax exemption on pharmaceuticals has been abolished and Rs 71 billion on import of remaining luxury items. Tax exemption has been abolished.

The Finance Minister further said that the tax revision of Rs. 343 billion has been revised in the bill out of which Rs. 71 billion tax exemption included luxury items. According to him, only 2 billion rupees are being imposed on the common man.

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Asad Malik

Asad is a journalist at UsamaSpeaks.com and he deals with Pakistan News, India News, and Lottery Sambad. Asad is a very professional and authentic news journalist.

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