Only 4200 people to pay 35% income tax: Ishaq Dar

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Finance Minister Ishaq Dar on Thursday clarified the decision to deduct 35% taxes from the salaries of those earning Rs6 million annually by claiming that only 4200 people will be affected by this decision.

Dar said this minority group was nevertheless creating a lot of negative hype over this decision on Twitter. He had earlier said that people should support him in his attempt to tax the rich rather than creating hurdles.

The Rs3.4 trillion budget for the country was announced Wednesday evening.

“How could these 4200 persons play with fate of 180 million people. If they have been blessed with wealth, they should pay the taxes happily,” the minister retorted to the complaints that surfaced on Twitter.

Referring to imposing taxes on Hajj pilgirms, he made it clear that the tax was imposed on tour operators and not on pilgrims.

“The budget deficit will be taken to 04 percent by 2016,” he further said.

4 COMMENTS

  1. .
    This is the most ludicrous budget in Pakistan's history …
    .
    Projected revenue and GDP growth is a 'pie-in-the-sky' …
    Expense, inflation, development projects are 'unreal (or lie) to their teeth' …
    Allocation for public health and education, flood control and disaster recovery, are 'insults' …
    Army takes cuts from 'Communications budget' etc …
    .
    In less than six months, the economy would need 'life support' from US & Saudi aid,
    IMF borrowing and one-time public property sale …
    Capital market would be sucked dry by 'public sector borrowing' …
    .
    And the life after 2014 ???
    .
    Well, the Government would say: "There would be a miracle in sight" …
    .
    Thugs …
    .

    .

  2. The biggest problem of Pakistani people No one wants to Change .Most of the people are corrupt regardless of their work If they are busniess man they find a way if work for the Government they cheat Accept it we are corrupt nation . PEOPLE MAKES THE
    Government they have to change .Unless & Until we are going to chang nothing is going to happen If every start correcting them self We can be great country.Every day on these Pakistani channels We bring the cream of pakistan They discuss they fight but at the END nothing happens . Look Bangladesh less than forty year after their freedom
    they are one of the best country where are we going back forty years do not blame any one Blame on US

  3. Any one brings the money back to Pakistan NO QUESTION ASKED for the next 99 years regardless of any change
    in the Government their rights will be protected See where this great country goes We
    have the talent we have the resources but no one can do alone Look india from Indra Ghandi to today it is day & night difference Do most of the things PRIVATE but keep tight
    rules & regulation We have not done any thing positive since Ayub Khan

    NAWAZ SHRIF IMRAN KHAN SHABAZ SHRIF none of them can do Unless WE AS a
    nation are not motivated WE have to change if we want better life for ourself for our
    children

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