A disappointing budget : All the promises proved be bombast
Video     Photos     Pakistan     World     Islam     Health     Crime     Islamic News     Business     Society     India     Travel     Middle East     Sport     sci/tech      Contact      RSS
Search

Security council appointed panel says no missiles sent to Houthis, refuting Saudi Arabia claim

The conditional release of Saad al-Hariri; Saudi Arabia kept his two children in Riyadh

How has Islamophobia changed over the past 20 years?

Saudi: Palestinian Abbas must endorse US’ plan or leave

Egyptian authorities crack down on televised fatwas

Saudi Arabia’s empty trumpeting for war against Iran

Replacing Finance minister: Is PML-N going to make Ishaq Dar a perfect scapegoat?

Faizabad sit in: Is another model town like action in the offing?

Is Shahbaz Sharif deliberately weakening PML-N?

Would Nawaz seek a presidential pardon?

Senior Iranian official warns Macron against meddling in Iran’s internal affairs

Palestine to freeze ties with US if Trump admin closes mission in Washington

The Martyrdom of Imam Hassan (AS)

Lebanese PM Accepts France Invite: Will This End Crisis?

Arab media: Baghdad not ready to host Saudi Crown Prince

Barzani seeking to mend ties with Iran, worrying US

The series of the arrogant prince

US troops told to ignore child abuse in Afghanistan

Shafaqna special: Did PML-N launch Tehrik.e.Labaik?

Balochistan mass murder:  A terrorist activity or human trafficking?

TTP in Afghanistan: How does Abdullah Abdullah’s confession shift burden from Pakistan to US?

Free Balochistan posters: A new game plan against CPEC

Lebanon's Hariri leaves Saudi capital for France: Lebanese TV

Saudi siege of Yemen leaves three cities without clean water: Red Cross

Social Structure Founded by the Prophet (pbuh)

Death and Burial of the Prophet Muhammad (PBUH)

How has Islamophobia changed over the past 20 years?

West Eyes Nuclear Deal-Style Missile Pact with Iran

Saudi Arabia’s Desperate Moves against Hezbollah

International conference on lovers of Ahlul Bayt (as) and the Takfiri issue

3,000 more US troops deployed to Afghanistan: Pentagon

US Claims North Korea Behind FALLCHILL Malware

Saudi Arabia and Israel want to drag US into war against Iran: Former CIA officer

The story of a French woman who married four ISIS terrorists

'Saudi King Salman to step down next week'

Pakistan, US trade blame over cross-border terrorism

Delinking LeT from Haqqani network: Did US ditch India?

Is PTI backing Tehreek-e-Labbaik protests?

Israel ready to share intel on Iran with Saudi Arabia: Military chief

Saudi Arabia blackmailing detained princes to fill state coffers: Report

Netanyahu: Israel Will Act Alone to Force Iran Out of Syria

50,000 Yemeni children will die by end of the year, says Save the Children

Saudi storms home of detained cleric Salman Al-Ouda

Morsi tells lawyer of threats to his life

How Israel and Saudi Arabia Conspire to Seize Control of the Middle East?

How Trump’s CIA Used Bin Laden Files and a Neocon Think Tank to Escalate Tensions With Iran

Decline in terrorism: Has Pakistan won the proxy war led by Israel and India?

Is TTP returning to South Waziristan again?

Scapegoat: Is Supreme Court going to disqualify Jhangir Tareen?

Is this the end of Nawaz dynasty in Pakistan?

US president takes issue with ‘naïve’ Times op-ed on Xi-Trump ties

Yemeni hospitals will run out of fuel in three weeks: UN

Will new chairman review NAB’s in-house legal view on Musharraf?

How serious is Iraqi Kurdistan about reviewing ties with Washington?

Why Pakistan wants Afghanistan to join CPEC?

Lebanese Bankers Fear Qatar-Style Blockade by Saudis

Corruption in Israel is not just an Israeli issue

New constituency’s controversy: Is PML-N trying to delay the election?

Media Silent as 1 Million Protesters March in Spain to demand the release of Catalan political prisoners

Did Israel enforce Trump to renegotiate nuclear agreement with Iran?

Non-bailable arrest warrants: Has Nawaz Sharif abandoned Ishaq Dar?

Shafaqna Insight: Why India cannot sabotage CPEC?

Zimbabwe army deploys soldiers outside Harare

Sheikh Salman to be tried later this month on false espionage charges

Startling revelations: How politician used terrorists to target their rivals?

Turkish President slams Saudi Crown prince over ’Moderate Islam’

Islamic Jihad vows retaliation for Israeli attack

Don’t get ‘too close’ to Iran: US warning to Pakistan

Re-opening of Hudabiya case: What is the game behind the curtains?

UK Hindu minister urges military aid to Israel

iPhone X owners complain of ‘green line of death’ on screen of $999 device

Rapprochement with Israel carries a heavy price tag for Riyadh

MMA revival: Is it an attempt to induct extremist religious parties into politics?

Shafaqna analysis: Why Pakistan cannot bring Altaf Hussain back?

Strong earthquake hits Iran-Iraq border, kills about 450

US envoy assures Israel that US will move embassy to Jerusalem

The untold story: why Priti Patel’s departure is ‘a great loss for Israel’

Policy flaws: How the electoral endorsement powered a terrorist organization

Mounting debt: Would Nawaz Govt leave a huge economic crisis behind?

Tillerson Warns Against Using Lebanon as Proxy for Mideast Conflict

How Saudi Crown Prince purged royal family rivals

South Sudan using food as weapon of war -UN report

Is Lebanese PM Hariri a Prisoner of Saudi Arabia?

What the Mossad’s female agents do — and don’t do — for the sake of Israel

Revival of MMA: Mullahs on the same page

Tightening noose around Sharifs: The awakening of NAB in Pakistan

Trump’s tweets, thin skin may cause nuclear war: Analyst

130 people killed in Iran’s Kermanshah as quake hits region

Spilling the beans: Karzai’s more revelations about US and Daesh collusion in Afghanistan

Leak: UAE planned financial war against Qatar

Did Trump beg for a war during his Asia trip?

Senior Saudi Princes tortured, beaten in royal purge

Pakistan Awami Itehad:  Who is behind Musharraf’s political gimmick?

When a Hindu devotee went to Karbala

World’s criminal silence on Collapsing Yemen

Wooing Pakistan back: The fodder of CSF for Pakistan

The Saudi-Iran conflict and us

Merger of adversaries: Who is pulling the strings?

Yemenis to give 'unprecedented' response to Saudi possible attack on Hudaydah

China urges South Korea to resume talks with North

2016-06-05 04:01:36

A disappointing budget : All the promises proved be bombast

 

Finance Minister Ishaq Dar unveiled a Rs4.4 trillion budget on June 3, kicking off his speech by praising the government’s achievements. The platitudes he indulged in are the same that we have been hearing ever since the PML-N took office and this was no different. It was interesting to note that for the first half hour, the Economic Survey 2015-16 press conference and the budget speech had the same tone, recalling all ‘achievements’ — most of which were not directly attributable to the government, but were owed to external factors that went in Pakistan’s favour. A more detailed examination of the new tax measures will show where the incremental revenue from next year will come from. But the budget speech left little doubt that the government has comprehensively run out of ideas on tax reforms, and broadening the tax base has been lost as a priority. No vision is now at play. In the last full fiscal year of its term, the government intends to tread water and fight fires, buying little more time to make it past the finish line. The PML-N began its term with loud promises to reform the power sector, to broaden the base of taxation, to bring more taxpayers into the net, and to stop the bleeding of public-sector enterprises. All that proved to be bombast, and in the closing years of its rule, the party presents a haggard look. That itself would not be a problem if it weren’t for the fact that it feeds into an inherent contradiction. Faced with a daunting challenge to address the collapse in exports and agriculture, the government came up with nothing more than more price inducements in the form of reduction in fertiliser prices or incentives in the form of zero rating of sales tax on textile exports. One can only hope that these measures help to lift these vital sectors from the doldrums, but doubts hang heavy in the air. The contradiction is that the revenue measures they are resorting to weigh down growth by squeezing existing taxpayers more, so whatever energy the price inducements can inject into these moribund sectors might be negated with the deleterious effects of the measures. It is fair to hope that this will not happen, but we cannot build our future on such hopes. And that is where the PML-N has brought us all in the twilight of its term: it hopes that muddling through is enough, that CPEC will save us all. It would have been easier to swallow this reality had we seen the government at least try to undertake some serious reform.

 

pk.shafaqna.com

 

Categories:  
Tags:   pakistan ، CPEC ، PML-N ، Ishaq Dar ،
From other agencies (RSS Reader)

Press agenda on November 20

- worldbulletin.net

Of egos and Dar

- brecorder

Chaos in capital

- brecorder

What has gone down in Zimbabwe?

- http://www.geo.tv/