bring the reports of FBR dear
and what about the exports from punjab ?? and what about the raw material which agriculture produces for the textile industry and textile counts highest number in total exports of pakistan its more then 65%
sindh got highest number of electricity losses in pakistan in form of theft and govt have to give subsidy to KESC every year of 70 billion rupees while KPK is on second number and highest utility bill payers are from punjab too
Karachi contributes 60-70pc of revenue
KARACHI -
Federal Board of Revenue Chairman Sohail Ahmad has said the Karachi contributes 60-70 per cent of the revenue to national exchequer.
At a discussion organized by the KCCI he announced that the committees for direct and indirect taxation and Customs will be formed.
The KCCI had organized a discussion, in which it was highlighted the budget anomalies, confusion and issues in the new taxes imposed in recent Budget.
FBR Chairman suggested KCCI to nominate representatives to discuss the budget anomalies. He said that previous tax policies would continue and assured them that no harassment would be done in future.
FBR chairman accepted the fact that business community is in confusion with GST and VAT. He elaborated that the Finance Minister Hafeez Sheikh is reviewing policies; very soon clarifications would be made public. He assured that nothing will be done without consultation of the stakeholders.
President Karachi Chamber of Commerce and Industry (KCCI) said that there were lot of expectations from this democratic Government but the policies were the same. The domestic industrial growth, self-reliance of business community and issues of businessmen and a commonman were not on Government priority. Business community is also waiting for the special committee to be addressed anomalies.
Zubair Motiwala, Advisor to Chief Minister, VC BMG and Former President KCCI suggested FBR to do consultative sessions with business community on VAT and remove confusions. There should be clear classification between services sector and manufacturing sector.
He said there should be no customs duty on these five sectors like Textiles, Leather, Surgical goods, etc as they are the main contributors to exports.
Giving the example of textile sector, Motiwala added that today textile industry is in crisis as the cost of yarn has been doubled; liquidity has been reduced to an alarming level. And at present when the burden is added with multiple taxes, Government should also give attention to the raise in tariffs of electricity and gas. In addition, Shipments usually takes 3-6 months that will dry up liquidity and it is like an interest free loan to the Government.
He also highlighted that WHT is imposed on service industry; the vending sector in automobile industry dont make that much to give that tax, hence proper classification needs to be done. Small refunds are pending from many years, even a small refund of 50-60,000 is still not released. Reference to ATTA, Motiwala added that he has forwarded Government suggestions on the list of 20 sensitive items which includes tea, dry milk, electronic goods, etc should be specially monitored, also the usage of these items in Afghanistan needs to be scrutinized. Moreover, the trade should be done through LCs and authorized banking channels. Motiwala also acknowledged the achievements of FBR particularly in Customs and various other departments. He suggested that opening of Letter of Credit in a bank would solve half the problems in ATTA. He also mentioned about proposal of using advance tracking and monitoring devices on shipments to Afghanistan. The number of Audits and notices has been increased seriously and I am a witness to it. Certain powers delegated to Commissioner level needs to be restored back to FBR.
The power of assessment and hearing should not remain with the same person. The attitude of FBR towards the taxpayer should be friendly and there is a drastic need for a positive change Motiwala added.
Karachi contributes 60-70pc of revenue | The Nation
@z9-ec No body can deny that when Karachi stand still than whole county bleeds, problem is when people start talking crap that only Karachiites are giving 70% taxes and feeding all Pakistan (specially Punjab) which is BS. It's like you ask your brother to collect money you earned on your behalf and after collecting money your brother start projecting that he is earning money and feeding you.
EDIT: Not all karachiities are same, there is majority of educated people, who understand this propaganda
The above statement is from Chairman FBR.
The fact remains Karachi LTU collects 70% of revenue which is spent all over Pakistan. Do some research on Lahore LTU.
Your analogy is incorrect. The reason I have repeatedly mentioned. Had that been the case then Karachi being at a standstill wouldn't make much of a difference right? according to you Punjab is the driving force then please answer why does PAKISTAN lose billions of dough as a result of disruption in Karachi? you have no answer to this question.
Only an idiot can deny that Punjab has largest pie in GDP among all the provinces because it has major share in agriculture and services sector, and also have considerable share in industrial sector, it's not just textile but other industries as well i.e. leather, chemical, cement, energy, fertilizer, auto, paint, food processing etc. and it's share is improving as new industries are being setup. but again our govt. policies are not balanced and short term because they are putting all pressure on Lahore and soon you will start listening same things from Lahories that they are feeding all Punjab.
There must be long-term strategy and every province must have multiple industrial bases to minimize it's vulnerability. We need more Port cities to have continuity plan and minimize the economical losses. God forbid if there a natural disaster happen on Karachi Port than what will happen to Pakistan?
Never denied Punjab's share. However, I know for a fact Karachi accounts for 30+% of national GDP.
." I found they still live in that age when, "if you say that Mr Jesus Christ didnt have father and he directly came from sky, 'believe' in it, Or, it make sense to think that he might also be one of the common western people of 'Single Mother' who aren't sure about their real father?" but from my side, I may say that, "when poor education level fall to a certain level, the only thing remains is, who believe in what, regardles how the things really work, the facts." like how we see too many publicity of bluffs by the Western media which aren't close to the facts/ reality. 
