waraich66
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Pakistan juggles the IMF, debt and taxes - The National
Pakistan juggles the IMF, debt and taxes
Syed Fazl-e-Haider
May 23, 2011
The IMF has asked Pakistan either to implement a reformed general sales tax or withdraw exemptions in the general sales tax system. The two sides agreed to have a full review of the macroeconomic situation in July.
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That review is expected to lead to a formal revival of the $11.3bn standby programme.With a tax collection target of 1.9tn rupees for the next fiscal year, 2011-2012, nearly 1tn rupees will be taken up by debt servicing and more than 495bn rupees by defence, leaving about 457bn rupees, or about 23.4 per cent, of actual tax revenue to run the government's affairs.
Some analysts warn that the nuclear-armed nation may go bankrupt if the rich still avoid paying taxes and the government continues to allocate huge resources to subsidies and defence.
The deepening economic crisis may become a political crisis that would be difficult to handle, as the country is already facing a Taliban-led insurgency in its north-west and a Baluchi insurgency in its south-west.
IMF plan to make Pakistan country of baggers.IMF Financial slavery is worst than salvery of Britishers.Majority is living under poverty line.What is solution for financial independence of Pakistan?
Pakistan juggles the IMF, debt and taxes
Syed Fazl-e-Haider
May 23, 2011
The IMF has asked Pakistan either to implement a reformed general sales tax or withdraw exemptions in the general sales tax system. The two sides agreed to have a full review of the macroeconomic situation in July.
----------
----------
That review is expected to lead to a formal revival of the $11.3bn standby programme.With a tax collection target of 1.9tn rupees for the next fiscal year, 2011-2012, nearly 1tn rupees will be taken up by debt servicing and more than 495bn rupees by defence, leaving about 457bn rupees, or about 23.4 per cent, of actual tax revenue to run the government's affairs.
Some analysts warn that the nuclear-armed nation may go bankrupt if the rich still avoid paying taxes and the government continues to allocate huge resources to subsidies and defence.
The deepening economic crisis may become a political crisis that would be difficult to handle, as the country is already facing a Taliban-led insurgency in its north-west and a Baluchi insurgency in its south-west.
IMF plan to make Pakistan country of baggers.IMF Financial slavery is worst than salvery of Britishers.Majority is living under poverty line.What is solution for financial independence of Pakistan?
post a more recent one please.
Its sneaky but it will work 
