Re: A critical look at the Pak economy
I am really surprised how you MQM guys call yourselves educated. Ignoring your English comprehension skills as well, which clearly show the kind of school you have attended....you don't know the difference between federal taxes namely income tax, sales tax, excise duties, and custom duties and port handling/transit charges...only a genius like you can suggest these federal taxes should be retained as port/transit charges...sincere advice...if you have no knowledge of the subject don't jump in to discussion....you are like Saleem just exposing your extremely low IQ level....
Yazdi: I do not know why you are putting so much strain {EDITed by Captain1}
Shame on you for spreading these MQM lies on this forum...{EDITED}
{EDIT}
You should feel ashamed of yourself and your mission of spreading blatant lies and not accepting the truth. You should know the truth that if Karachi get sneeze, than all development works in Pakistan stops.
I know that your ignorance is so deep that you would never change, that is why I stopped even caring to answer you, but your ignorance did not stopped there, as it has no limit. :)
You asked me to show from any other source than MQM that Karachi pays 70 percent of National revenue, and I showed you the statement of CBR chairman (who should know more than anyone in Pakistan, especially you) but your ignorance stopped you even accepting his words.
Aaab aap ka kiya kiya alaaj hay, except hospitalization? :p
Anyhow, here is accumulative figures of federal tax collections between 1997-2000, and how that get distributed:
Total taxes paid in 3 years (1997-2000):
Sindh = Rs 530 billion
Punjab = Rs 201 billion
NWFP = Rs 60.5 billion
Balochistan = Rs 23.2 billion
Total = Rs 814.7 billions during those 3 years.
[Today, Pakistan revenue in one year is more than 3 years of corrupt and choor period, because today we have honest man in power, not corrupt and choor NS. Sindh share during those years was 65 percent, that today (as CBR chairman mentioned) has increased to 70 percent, because people in Sindh are hard working and not lazy and choor :)]
Now how this collected revenue was distributed over those 3 years (through NFC award)?
Sindh = Rs 77.38 billion (14.5 percent of contribution).
Punjab = Rs 187 billion ((92,9 percent of contribution).
NWFP = Rs 49.5 billion (81 percent of contribution).
Balochistan = Rs 17.1 billion (73 percent of contribution).
Total re-distributed to provinces = Rs 331 billion
So, what each province contributed to Federation during those 3 years?
Sindh = Rs 452.62 billion (93.57 percent).
Punjab = Rs 14 billion ((2.89 percent of contribution).
NWFP = Rs 11 billion (2.27 percent of contribution).
Balochistan = Rs 6.1 billion (1.26 percent of contribution).
Total = Rs 483.7 billion (between 1997-2000).
This tax is not just custom duties, but it is from all type of taxes.
Sindh contributed 67.75 percent of 'Direct Taxes' and 68.32 percent of 'Indirect Taxes' to Federation collection of taxes from provinces during 1997-2000.
Sindh's share in different sectors of direct taxes:
Income Tax = 86.40 percent of total income tax collection
Wealth Tax = 63.21 percent
Capital gain Tax = 32.6 percent
Workers Welfare Fund = 45.53 percent
Sindh's share in different sectors of indirect taxes:
Customs = 83.75 percent of total income tax collection
Sales Tax = 62.10 percent
Federal Excise duty = 39.40 percent
[Now 86.4 percent of income tax tells a lot about tax culture in Sindh. As for customs duty, most goods destined for other provinces pay their taxes in that province, not in Karachi]
Today, situation is that contribution of Sindh has increased in proportion (now it is around 70 percent), and as ratio of NFC award has increased, I would not be surprised if Punjab, NWFP and Balochistan are getting more than they contribute to Federation whereas only Sindh is paying for federation as well as part of contribution to other provinces.
Unfortunately, Sindh is asking the federation to take into account revenue generation in NFC re-distribution equation, but Punjab and NWFP keep opposing that.
So, Pakistan got Rs 483.7 billion to run the country during 1997-2000, around 94 percent was paid by Sindh. From this money, government not only develop Pakistan infrastructure, but pay for armed forces and give extra grants to provinces if required.
