SEAL
SENIOR MEMBER
- Joined
- Mar 23, 2009
- Messages
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An economist said very interesting thing about GST on Capital Tv. Opposition is doing propaganda that 1% increase will increase inflation and it will affect poor people but reality is opposite.
The basic necessities of 90% Pakistani's especially lower salaried class and poor have no tax at all.
Flour: No tax in-fact government providing subsidy on it.
Milk: No GST you can ask your milkman.
Vegetables: absolutely no tax.
Chicken: No
Split Pulses/Daals: No
Eggs: No
Fruits: No
Cooking oil and Tea are also available in open but you won't die paying 5,6 Rs extra for quality product.
The price of these products may fluctuate with the factors of supply/demand and price of oil in international market. So bottom line is increase in GST will affect companies with big profits, elite and burger class, paid journalists, and leaders of few political parties who eat K&N's, drink tetra pack milk, and take bath with mineral water.
This government is not relying on printing of notes for day to day expenditures, they have cut down useless spending, tax net and revenue will be increased so gradually inflation will decrease.
The basic necessities of 90% Pakistani's especially lower salaried class and poor have no tax at all.
Flour: No tax in-fact government providing subsidy on it.
Milk: No GST you can ask your milkman.
Vegetables: absolutely no tax.
Chicken: No
Split Pulses/Daals: No
Eggs: No
Fruits: No
Cooking oil and Tea are also available in open but you won't die paying 5,6 Rs extra for quality product.
The price of these products may fluctuate with the factors of supply/demand and price of oil in international market. So bottom line is increase in GST will affect companies with big profits, elite and burger class, paid journalists, and leaders of few political parties who eat K&N's, drink tetra pack milk, and take bath with mineral water.
This government is not relying on printing of notes for day to day expenditures, they have cut down useless spending, tax net and revenue will be increased so gradually inflation will decrease.