KPCCI Leaders, Civil Society Welcome Supplementary Budget, Terms It Leap Step Forward To Revive Economy, Enhance Tax Base

The leaders of Khyber Pakthunkhwa Chamber of Commerce and Industry (KPCCI), civil society and politicians here Wednesday welcomed Federal Government's amendments in the budget 2018-19 and termed a positive step forward to increase tax base and economic base of the country.

PESHAWAR, (UrduPoint / Pakistan Point News - 19th Sep, 2018 ) :The leaders of Khyber Pakthunkhwa Chamber of Commerce and Industry (KPCCI), civil society and politicians here Wednesday welcomed Federal Government's amendments in the budget 2018-19 and termed a positive step forward to increase tax base and economic base of the country.

Nasir Khan Musazai, Member National Assembly (MNA) welcomed Federal Govt. proposals regarding increasing taxes on luxury vehicles, cigarettes and expensive cell phones in the supplementary budget and termed it a major step forward to increase tax-base and revive economy of Pakistan.

"Prime Minister Imran Khan is the last hope for people of Pakistan as he has all the abilities to take the country out of existing challenges,' he told APP.

He said taxes were imposed on elite and upper class and maximum relief was provided to the common man in the supplementary budget.

Fawad Ishaq, former President KPCCI also welcomed increase in federal excise duties on imports of luxury vehicles, cigarettes and expensive cell phones.

He said Pakistan was a developing country with huge debt burden and can't afford massive spending on luxury items like import of expensive vehicles and expensive cell phones.

The KPCCI leader said amendments in budget 2018-19 would help enhance tax collection that can be used for development of mega projects including dams and water reservoirs inevitable for agriculture, industrial and people.

Fawad Ishaq said allowing non-filers to buy vehicles ad properties would help increase tax collection and expatriates Pakistanis would be largely benefited from it.

The KPCCI leader appreciated Prime Minister's austerity campaign including auction of an expensive vehicles of Prime Minister House.

Professor Dr Muhammad Naeem of Economics Department also welcomed proposals of increasing taxes on upper class that would help increase tax base and revival of economy of Pakistan.

He appreciated Federal Govt for not imposing any extra burden on middle and lower segment of the society and all the extra taxes were being levied on the upper income class in the supplementary budget announced by Finance Minister in the parliament.

Dr Naeem said no country can attain new heights of progress and status of developed country unless its people pay taxes on regular basis.

He said those people who purchases expensive imported vehicles like 1800cc engine cars and cell phones should pay some amount as taxes for development of the country.

Retired Information Officer Misal Khan has also welcomed different amendments proposed in the supplementary budget and termed it positive.

He said Govt has provided maximum relief to common man in the supplementary budget and no extra tax was imposed on them.

He said the past government has given sweeping relief to all kinds of people especially rich and avoid taxes on rich affected the country's tax base.

Khan lauded Federal Government's proposals to expand Insaf Sehat Card to Islamabad Capital Territory and former Fata to facilitate masses.

He said tribal people of erstwhile Fata had rendered great sacrifices for the country and extension of Insaf Sehat cards would help provide free treatment to them in major hospitals of Khyber Pakthunkhwa.

Nazim Bhadar Khan also welcomed new proposals announced in the supplementary budget and termed it a major step forward to restore the dwindling economy of the country.

He said increase in taxes on cigarettes would help discourage smoking especially among youth and help them in treatment of fatal diseases.