Prime Minister Shahbaz Sharif announced Friday that the coalition government plans to impose a 10% super tax on large-scale industries, and that “tough decisions” have been taken to protect the economy on budget 2022-23. The tax has been imposed on the industries like cement, steel and automobiles which increases inflation in the country. It also declines the value of rupee against dollar.

            According to a report, the government has imposed tax on the salaries of the public as someone who earns 50 thousand so no tax and one who earns more than 50 thousand to 1 lakh so he has to pay 2.5 pc tax. On the other hand, people earning 1 to 2 lakh then he has to pay 15 thousand tax, 2 to 3 lakh earners should pay 1 lakh and 65 thousand. Like the same, 3 to 5 lakh earners should be paying 4 lakhs and 5 thousand tax, 5 to 10 thousands earners should pay 10 lakhs and someone who earns more than 10 lakhs should pay 29 lakh tax to the government.

            This can cause increase in the rate of poverty and people would be getting unemployed due to paying tax to the government. I would like to request the government to reverse his decision to save the public from the coming problems.

 

By: Qamber Azeem

The writer belongs to HOPELA 

kech Balochistan