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Super tax will cause inflation storm, says Imran

Super tax will cause inflation storm, says Imran

 


Former Prime Minister and President of Pakistan Tehreek-e-Insaf (PTI), Imran Khan, said on Saturday that the 10% super tax imposed by the coalition government on 13 major large-scale industries will cause an inflation storm in the country.

At a press conference in Islamabad on Saturday, he said that with the imposition of a 10% super tax, the tax on 13 major industries would rise to 40%, which would lead to the closure of many factories. The former prime minister said industries started laying off workers after a super tax was imposed.

He said the increase in the price of diesel will affect farmers, adding that the incompetent government has also increased taxes on the working class. The salaried class had previously enjoyed tax exemption on income of Rs 100,000 but the incumbent government reduced the slab to Rs 50,000, he said. Imran Khan said his government had collected record tax revenues during his tenure, adding that his government was not charging those who paid taxes, while 43 million non-paying households were added to the tax net.

Regarding the NAB Act, the PTI President said he challenged the amendments in the Supreme Court, adding that he has faith in the judiciary as it will not allow oppression. If the incumbent rulers are successful, the country will not need enemies, he said and added that these NAB amendments will destroy Pakistan as grand thieves will be exempted under the NAB amendments.INP

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