BB sold Surrey Palace, NA told

[Reza_Pahlavi]

Re: BB sold Surrey Palace, NA told

@Sa1eem

Well, you do not see at inflation in isolation. You have to see how wages have done. You can check how wages have done from increase in Tax. Tax increases much lower than wage increase, as allowances also increases, plus there are many people that earn lower than what income is needed to become illegible for tax.

**In Pakistan direct tax has increased more than 3 times (110 billion rupees in 1999 to today 333 billion rupees in 2007) and so did overall federal tax collection that was 308 billion rupees in 1999 is over 846 billion rupees in 2007 (even though import duty got decreased substantially during last 8 years). Actually this year it would be over 1000 billion rupees. Sales tax that shows how people are spending increased from 72 billion rupees in 1999 to 309 billion rupees in 2007 (around 3.5 times).. **

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Pakistan minimum wages have gone up from around Rs 1200 – Rs 1300 a month in 1999 to Rs 4600 a month today (increase of over 350 percent).

But overall, prices have increased by less than 60 percent in last 8 years. So, obviously people’s purchasing power has increased substantially even if one takes into account price increase.

Yup, facts speak for themselves. :k: