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And where that payment gonna come? To run IPP at full capacity you need 200-300 Billion annually
I have posted the links that government has budgeted around 300 billion for clearing circular debt. Though it would increase the deficit but unless we dont put energy into the system, economy will remain paralyzed. And unless there is no growth, we would always be landing with higher and higher budget deficits since taxes growth (which is necessary to control deficit) depends upon economic growth. So its a trade off actually.
 
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Interesting news: Opposition in Punjab Assembly condemns the implementation of agricultural tax :)
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CM Sees off Toppers Going on Foreign Study Tour

40 brilliant students who had topped the Matriculation, FA/FSC and BA/BSC examinations took off for Europe last night.

CM Shahbaz Sharif since 2008 had decided that all Ministers, MNAs and MPAs including himself would pay for all foreign visits from their personal pockets, and the Government of Punjab would bear the expense of sending brilliant students to Europe to visit some of the top universities of the world.

Student delegation comprises toppers from Sindh, Balochistan, Khyber Pakhtunkhwa, Azad Jammu & Kashmir and Gilit Baltistan and they will be visiting prominent universities of Germany, Sweden and UK.

“Imparting training and education to the bright stars of the nation, enhancing information and providing resources for equipping them with modern knowledge is such a useful investment due to which country and the nation would be able to achieve the goals of development and prosperity“, said CM Shahbaz Sharif while talking to media. CM Shahbaz Sharif saw the students off at Allama Iqbal International Airport last night.

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Okey lets look at the break up we previously had
10% WHT (Adjustable against tax paid if One's already a registered tax payer)
5% Federal Excise Duty (Not adjustable)
19.5% sales tax
Now calculate this on 100 Balance
100*0.15= 15 RS
Then calculate sales tax on rest
85*.195=16.58
Total credit we used to get was 68.48 PKR
Now with Fed Abolished into WHT I can claim 15 rs paid on every 100 back instead of 10 previously. So its benefical for tax payers.

just need to ask a question as u know much more about taxes then me . u said u can claim 15 rs back now instead of 10 rs ..how did that work?have u gotten ur 10 rs back on every card u used ..and do u think the poor people know how to get their money back ???and how many of them actually ever got their 10 rs back?
 
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just need to ask a question as u know much more about taxes then me . u said u can claim 15 rs back now instead of 10 rs ..how did that work?have u gotten ur 10 rs back on every card u used ..and do u think the poor people know how to get their money back ???and how many of them actually ever got their 10 rs back?
Thats called adjustable withholding tax. Those who are registered taxpayers can claim it back. Those who are not, can not. Btw heavy mobile use and cars are used by rich, well off middle income class. Poor's mobile bill is hardly 300,400 per month. Those who spends thousands on mobile are certainly not the ones who dont have roti, bijli and pani. They have sufficient income so they should register for income tax.
 
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Thats called adjustable withholding tax. Those who are registered taxpayers can claim it back. Those who are not, can not. Btw heavy mobile use and cars are used by rich, well off middle income class. Poor's mobile bill is hardly 300,400 per month. Those who spends thousands on mobile are certainly not the ones who dont have roti, bijli and pani. They have sufficient income so they should register for income tax.

trust me, everyone use cell phns alot ..so if u say poor people use around 300 rs ..they use to get 220 on 300( approx.) ..now it will be one 180 .. so now they have to buy one more card ...so they can have a total of 400 now and they will get 240 out of it ... so if my driver was getting 10000 per month ..u just raise his expensive 1% ... we are not talking abt the students which need around 700-800 for routine stuff ... btw if my driver needs to claim his 15 % back which will be around 500 ... should he hire someone to get his taxes back? 300 tu bachay ka jama karnay aur wapis lnay mei laag jayain gay .. aur kon wapis leta ha tax ..hussian bhie ab haar cheez ko na defend karyain ...
 
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