PTI think tank believes govt failed to meet tax revenue targets, leading country downwards
The economic think tank of Pakistan Tehreek-e-Insaf (PTI) on Saturday presented the macroeconomic facts to the PTI leadership at a meeting convened by PTI provincial leadership and said that the Pakistan economy was on the brink of bankruptcy due to massive expenditure of the government with no increase in tax revenues.
The experts said that according to the IMF predictions, Pakistan will have the lowest growth rate in the region ranging between 2 and 3 percent which will be lower than Sri Lanka, India, Bangladesh and Nepal.
They also identified schemes meant to turn black money into white money and observed that such things were discouraging people to pay taxes and thus the tax collection targets have also failed in first 7 months.
PTI Punjab President Ejaz Chaudhry, General Secretary Dr Yasmin Rashid and Secretary Information Andleeb Abbas attended the meeting.
The provincial president of PTI, commenting on the state of affairs, said that the prime minister had put so much pressure on the State Bank of Pakistan (SBP) governor to hide these figures and project the growth rate at 5 percent that the governor had resigned. He said all honest and competent people like the NADRA chairman and attorney general had resigned because the government was forcing them to do ‘illegal and unethical’ acts.
He said that it was criminal to present wrong figures on the economy as the public was being deceived on the actual state of bankruptcy. He demanded that a thorough audit should be held to verify these economic figures presented by the state bank which are not matching state bank figures.