Tuesday, 25 June 2019, 07:27:04 pm
Huge chunk of budget allocated for protection of vulnerable segments, and development projects: Analysts
June 12, 2019

Hamayun Iqbal Shami (Chairman, Pakistan Economic Forum): 

The landmark of the budget is related to the idea of social protection for which the government has allocated over 200 billion rupees. The political parties should avoid playing politics on this great initiative taken by the government. Another good development is that the government has encouraged direct taxes and discouraged indirect taxes. The government has removed tax relief that was introduced by the previous governments for the salaried class and increased the maximum rate of income tax to 35 per cent. No one can deny the reality that the tax revenues enable governments to build infrastructure, deliver public services, and enforce law and order which is essential for economic growth.

Dr. Noor Fatima (Economist): 

Paying taxes is our national duty. Prime Minister Imran Khan constituted a commission to probe unprecedented borrowing of 24000 billion dollars. Such commission was required for confidence building of the tax payers. A country can never serve people unless its people pay taxes. The Prime Minister has already assured the nation that the collected tax will be utilized for their welfare only. It is for the first time in the country’s history when its cabinet members voluntarily decided ten per cent reduction in their salaries. It is also a positive development that the military had voluntarily agreed upon to cut its expenditures due to critical financial situation. Dr. Saboor Ghayur (Economist):

 The loan taken by the previous governments have a major role in current economic condition of the country. The Prime Minister has taken a good initiative of constituting a commission comprising FIA, IB, ISI, FBR and SECP.  The nation definitely wants to know that if the loan had been taken then where it is utilized.  The elements involved in borrowing should be accountable. The plunderers in the country possess precious property in the country and abroad besides having billions of rupees and the government is determined to bring back the looted money.

Abdullah Yousaf (Former Chairman, FBR):

 It is a good initiative taken by the government to constitute a commission that will probe the borrowing and its utilization during last ten years. The people have right to know the purpose of borrowing money and its utilization. The elements that are in helm of affairs during last 10 years should not be spared. The commission should thoroughly investigate the whole issue and bring the results in front of the nation.