Puray Mulk Ka Bojh Tankhwa Daar Tabqa Par kiyu? Sana Ullah Khan's Analysis

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#budget2024 #tax #imf #pmshehbazsharif #inflation #pakistaneconomy #sawalyehhai #mariamemon   Puray Mulk Ka Bojh Tankhwa Daar Tabqa Par kiyu? Sana Ullah Khan's Analysis

Transcript

00:00I have just read such a big verse that the people who are paid will bear the biggest

00:06burden of tax in this country.

00:08A country which is in a crisis, where there is no money, so is there no other option

00:15other than that the people who are paying taxes, who get their salary, they should pay

00:20taxes because it is a consistent source of income, so should they pay taxes?

00:25Unfortunately, if you look at the entire history of Pakistan, from Moeen Qureshi to

00:30Aurangzeb, they are people like bankers, and the kind of difficult environment Pakistan

00:35is in, they can do whatever they want.

00:3925 crore people live here, they are not dead people, they are not a bank or a company.

00:46They basically run the country's economy, the economy of 25 crore people, like a bank,

00:51like a company.

00:53They run the country's economy, the economy of 25 crore people, like a bank, like a company.

00:58They run the country's economy, the economy of 25 crore people, like a bank, like a company.

01:03They run the country's economy, the economy of 25 crore people, like a bank, like a company.

01:08They run the country's economy, the economy of 25 crore people, like a bank, like a company.

01:13They run the country's economy, the economy of 25 crore people, like a bank, like a company.

01:18They run the country's economy, the economy of 25 crore people, like a bank, like a company.

01:23They run the country's economy, the economy of 25 crore people, like a bank, like a company.

01:28They run the country's economy, the economy of 25 crore people, like a bank, like a company.

01:33They run the country's economy, the economy of 25 crore people, like a bank, like a company.

01:38They run the country's economy, the economy of 25 crore people, like a bank, like a company.

01:43They run the country's economy, the economy of 25 crore people, like a bank, like a company.

01:48They run the country's economy, the economy of 25 crore people, like a bank, like a company.

01:53They run the country's economy, the economy of 25 crore people, like a bank, like a company.

01:58They run the country's economy, the economy of 25 crore people, like a bank, like a company.

02:03They run the country's economy, the economy of 25 crore people, like a bank, like a company.

02:08They run the country's economy, the economy of 25 crore people, like a bank, like a company.

02:13They run the country's economy, the economy of 25 crore people, like a bank, like a company.

02:18They run the country's economy, the economy of 25 crore people, like a bank, like a company.

02:23They run the country's economy, the economy of 25 crore people, like a bank, like a company.

02:28They run the country's economy, the economy of 25 crore people, like a bank, like a company.

02:33They run the country's economy, the economy of 25 crore people, like a bank, like a company.

02:38They run the country's economy, the economy of 25 crore people, like a bank, like a company.

02:43They run the country's economy, the economy of 25 crore people, like a bank, like a company.

02:48They run the country's economy, the economy of 25 crore people, like a bank, like a company.

02:53They run the country's economy, the economy of 25 crore people, like a bank, like a company.

02:58In Pakistan, in the last 25-30 years, on average every year, 500, 600, 700 rupees tax is imposed.

03:03In Pakistan, in the last 25-30 years, on average every year, 500, 600, 700 rupees tax is imposed.

03:08This is the budget of Pakistan's history, if you take the numbers,

03:13this is 3.7, 3.8 trillion rupees more than last year.

03:18This year the target is 12,970 rupees.

03:23The revised target is 9,252 rupees.

03:28Where will this tax come from?

03:33If you look at the GDP growth and inflation numbers,

03:38If you look at the GDP growth and inflation numbers,

03:43it comes to 14-15 billion rupees.

03:48This is through additional taxes and enforcement.

03:53Now, the FBI believes that this tax is 15 billion rupees.

03:58Now, the FBI believes that this tax is 15 billion rupees.

04:03But I want to tell you the next thing,

04:08what will happen to this gap of 8 billion rupees?

04:13The mini-budget will come and you will have to take additional taxation measures.

04:18The mini-budget will come and you will have to take additional taxation measures.

04:23That is why when the question was asked that whether you will come with a mini-budget or not,

04:28they say that you have already decided, so I do not want to answer it.

04:33Where is the problem?

04:38You said that you will reduce the number of ministries.

04:43What is the justification for keeping the ministries of the devolved subjects after the 80th amendment?

04:48There is only one justification that you do not want to reduce the number of your ministers.

04:53You said that you will bring pension reforms.

04:58You said that you will bring pension reforms.

05:03You said that you will reduce subsidies.

05:08You said that you will reduce subsidies.

05:13You said that you will reduce subsidies.

05:18You said that you will reduce subsidies.

05:23You said that you will reduce subsidies.

05:28So am I right that the IMF has informed me that this is your budget and you will pass it.

05:33So am I right that the IMF has informed me that this is your budget and you will pass it.

05:38EMF was used to negotiate.

05:43PM will tell the reason later on.

05:48But apart from these two things, I don't think there are any other negotiations.

05:53If there is, tell us about it.

05:54I will ask you about it later.

05:55Shibaz, I will come to you.

05:56Because IMF demands from us that you have to improve your taxation, this is your target,

06:03you have to collect this much revenue.

06:05But then you have to decide how much tax we will impose on whom, how we will impose tax,

06:10which class we have to give exemption, which class we have to keep an eye on aggressively.

06:15These are the decisions of the government.

06:17Even if you think that IMF is twisting your arm, you have a structural space in it.

06:24But we have seen that it is an old formula that whoever is paying tax should be forced to pay more tax.

06:30What will that poor guy do?

06:31I was reading your tweet that either you get a salary in cash or you stay in the country.

06:38Thank you very much, Ms. Maria.

06:40Let me tell you a little about the numbers of this year, which you told in the beginning.

06:44Those were the numbers of last year.

06:45Yes, last year.

06:46Last year, you, me and people like us paid a tax of Rs. 264 billion.

06:52In the 11th month, it has become Rs. 326 billion.

06:56And by June, it will become Rs. 360 billion.

06:59That exporter, the richest class of Pakistan, who paid a tax of only Rs. 85 billion in the 11th month,

07:05and our retailer, Tajir, who paid a tax of only Rs. 15.5 billion in the 11th month.

07:11This is the debate in which you, me and all of us are talking right now.

07:15See, why do these people find difficult questions bad?

07:19Why do these people find this thing bad?

07:21Those who have run companies all their lives.

07:23If I take an example, our Minister of Treasury is not a finance minister and he is the president of HPL.

07:30So, he tells his investors that you put Rs. 100 billion in my company, in the bank.

07:36I will give you 10% dividend after a year.

07:39This is not my question.

07:40A friend of mine will say, ask the Minister of Treasury.

07:42So, if you don't give 10% dividend after a year, won't we be asked questions?

07:46When you ask for Rs. 100 billion for investment, won't you be asked whether you need more money after Rs. 100 billion or not?

07:54The thing is very simple.

07:56There is no rocket science.

07:58The problem is that you, me and all of us have never spoken for our rights.

08:02We are journalists.

08:03We always feel ashamed to speak for our rights.

08:06But we are citizens of this country.

08:07We have to feed our children.

08:09So, being journalists, we have to ask for our rights.

08:13What should we do?

08:14What should these people do?

08:15We will raise our voices.

08:17What should they do?

08:19They gave a budget of Rs. 1400 billion which makes no sense.

08:25That budget is against the decisions of the Special Investment Facilitation Council and the National Economic Council.

08:32If that budget was not for Rs. 1400 billion, if it was for Rs. 1000 billion,

08:37then there would have been no tax on milk, no tax on salad class, no tax on books, no tax on stationery.

08:44These people did not find it appropriate to make their 10-12 ministers unemployed.

08:50The Minister of Treasury himself, Mohammad Aurangzeb,

08:53in the National Economic Council meeting and the meetings with the Prime Minister,

08:57said that we should close 8-10 markets.

09:01And this goes on his credit.

09:03Yesterday, he admitted in the post-budget press conference

09:06that we should have closed some institutions and ministries, but we could not.

09:10So, if you failed, if you could not convince the Prime Minister on your point,

09:15then why are millions of people like you and me being punished through this budget?

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