Does anyone know where Raja Pervez Ashraf or Syed Naveed Qamar live?
Re: Address of Pakistani Minister for Water and Power
App nay kuch "Deliver" kerwana hay? :)
Re: Address of Pakistani Minister for Water and Power
no, just need to direct protests to a place where they can be effective and not destroy state assets.
Re: Address of Pakistani Minister for Water and Power
Raja Sahib ka Address and Contact detail
Contact Information in Islamabad House No. 8, Street 63, F-8/4
Islamabad
Phone No(off): 051-2276945/051-2872073
Fax No(off): 051-2276642
Phone No(res): 051-2262614/2853070
I would be surprised if any of the above number worked and if he can be found in his ISB resident, if i am not wrong he is from Gojar Khan and in ZalimooN nay anDay aur Tamatr bhi itnay mehngay ker diya haiN kay in per zaya nahi kiya ja saktay
Re: Address of Pakistani Minister for Water and Power
I am afraid power minister is irrelevant in this case.. we need to hear the finance minister.. because if they temporarily reduce the load shedding where are they going to find 400 billion rupees to finance it..
He is the one who can tell us how to finance the power deficit if we get rid load shedding. What plans do they have to finance the gap between cost and revenue of the power sector.. with less than 9% GDP to tax ratio:
Tax-to-GDP ratio at 8.58 percent in FY11
Tax-to-GDP ratio at 8.58 percent in FY11
Shahnawaz Akhter
Wednesday, October 05, 2011
KARACHI: The ratio of tax collection to Pakistan’s Gross Domestic Product (GDP) remained abysmally low at 8.58 percent in fiscal year 2010/11, official data shows.
As the GDP ballooned to Rs18,063 billion during the last fiscal year, the tax collected by the Federal Board of Revenue (FBR) was Rs1,550 billion, according to the figures released by the ministry of finance.
The overall federal tax revenue during the year was Rs1,634 billion or 9.4 percent of the GDP. That included petroleum development levy of Rs82.7 billion, airport tax Rs55 million, and other levies of Rs1.8 billion.
The country is in a desperate need to enhance its tax-to-GDP ratio to curtail fiscal deficit that remained 6.6 percent in the previous fiscal year. The deficit, however, was reported at 5.9 percent by the ministry after excluding arrear of electricity subsidies.
Pakistanís tax-to-GDP ratio remains lowest in the world due to rampant tax evasion and poor collection mechanism. The ministry does not foresee any significant improvement in the ratio till FY14, saying it will remain below double digits or 9.9 percent to be exact by 2013/2014.
The ministry had earlier estimated 8.8 percent tax to GDP ratio for FY11 considering revenue at Rs1,588 billion as shown by the FBR. The numbers, however, proved to be flawed and the actual revenue collection stood at Rs1,550 billion.
The tax to GDP ratio for FY12 and FY13 is seen by the ministry at 9.3 percent and 9.6 percent, in a sharp contrast to the revenue authorities’ wishful claim of 13 percent by 2015.
Analysts have already declared the Rs1,952 billion revenue target for FY12 as ‘extremely difficult’ in the given circumstances as it would require the FBR to collect Rs402 billion additionally over the last year. Economists, pushing for a broader tax base to avert fiscal pressure, seek reforms within the FBR.
The government has announced several measures to help out the FBR in broadening the tax base this year that include bringing potential taxpayers into the tax net.
The revenue body seems determined to achieve the target, but senior tax officials, upset with recent administrative changes in the FBR, see it as a dampener on hopes of better results this year.
Recently, the Member Inland Revenue sent a letter to the FBR chairman arguing the current policy and style of the management in achieving the desired results.
ìFBR must come up to the expectation of the people and achieve a tax-to-GDP ratio of at least 15 percent in the next three years,î according to the letter. ìThis is not possible with the current management and requires revolutionary steps,î it added.
The letter noted that good governance is possible only by setting good personal examples by the senior management officials. It stressed upon minimising corruption in the revenue body. “An intelligence system against corrupt officials needs to be evolved and delinquents may be immediately sidelined,î it suggested.
The letter also recommended that transfer and postings should be done on merit. “The exercise of extraneous influence in transfer/posting should be discouraged, and adverse note be made in personal files of such officers,” it said.
Re: Address of Pakistani Minister for Water and Power
Does anyone know where Raja Pervez Ashraf or Syed Naveed Qamar live?
I know what you mean :)
Re: Address of Pakistani Minister for Water and Power
I am afraid power minister is irrelevant in this case.. we need to hear the finance minister.. because if they temporarily reduce the load shedding where are they going to find 400 billion rupees to finance it..
He is the one who can tell us how to finance the power deficit if we get rid load shedding. What plans do they have to finance the gap between cost and revenue of the power sector.. with less than 9% GDP to tax ratio:...........
Well, I would like to somehow ask Mr. Raja to at least pay taxes on kick backs he received on rental power plants fraud with the country. Would at least improve tax-GDP ratio a little bit.
Need to start from somewhere.... no?
Re: Address of Pakistani Minister for Water and Power
Well, I would like to somehow ask Mr. Raja to at least pay taxes on kick backs he received on rental power plants fraud with the country. Would at least improve tax-GDP ratio a little bit.
Need to start from somewhere.... no?
oh God, The kick-back and fraud sectors are also under the tax-net?
Re: Address of Pakistani Minister for Water and Power
Watch 4:15 ahead.