Re: Should Punjab carry Pakistan’s burden
This is sort of a myth that most of Tax is ‘raised’ from Karachi. Collected, yes, raised, no. Most of our income tax comes from corporations and salaried individuals and most headquarters of corporations are based in Karachi. Income tax paid by, for example, Engro would be ‘collected’ in Karachi, regardless where the plants are located. And, for example, income tax collected by MCB from all its employees would eventually be collected in Karachi where the head office is based, regardless where the employees are based.
Same is the case with import duties, sales tax on import/export, custom duties. Regardless where the industry is based, these taxes are collected at Karachi port.
Karachi contributes 20% of GDP of Pakistan… that is true. Karachi contributes 70% to revenues, that is BS. Sorry for being so blunt.