Little Boxes of thoughts seperated and put in prospective

Little Boxes of thoughts seperated
and put in prospective

Wednesday, 12 June 2013

Pakistan Budget 2013

Interesting Budget indeed, Don't mind the extra taxes on luxury items, or direct taxation. Increase in VAT and increase in its scope(even to Milk) is indeed a BAD idea. It would effectively raise the price of Milk and related items like Butter cheese etc. by 16% by immediate effect for packaged ones and in the near future for Gawala Milk and products.
But again its hardly surprising as One can recall This team was the one which introduced VAT in Pakistan during the late 90s at the first place raising prices by 15% at the time. But where the hell is austerity? And NO I do not mean petty issues like PM house or Government house. Rs.500 something Billion Rs development budget at this point in time is outrageous Surely other more productive areas (industrialization anyone?) areas can provide employment instead of Bridges to nowhere...They would probably yield less kickbacks and commissions for Lohaar though

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