Budget 2024... Kya Awam Ke Liye Relief Ki Gunjaish Ho Gi ? Shabbar Zaidi
Budget 2024... Kya Awam Ke Liye Relief Ki Gunjaish Ho Gi ? Shabbar Zaidi
Category
🗞
NewsTranscript
00:00 The budget of a country is coming and there are many good and bad news in this budget.
00:05 Especially the bad news is about the increase of the tax.
00:08 And this time the budget will be as IMF wants.
00:13 So the government is not concerned.
00:15 The conditions of the IMF will have to be fulfilled.
00:18 We will talk to Mr. Shabbarzade.
00:19 He is the former chairman of FVR, a well-known economist as well.
00:22 Mr. Shabbarzade, thank you very much for joining me in the program.
00:24 Mr. Shabbarzade, what expectations should we have from this budget?
00:27 Or should we not have any expectations this time?
00:30 In the name of Allah, the most merciful, the most merciful.
00:32 Look, there are two things.
00:35 The first thing is that in the current economic situation of Pakistan,
00:40 if the tax collection in this budget is set at 12,900 billion,
00:49 and today it is 9,400 billion,
00:52 then the growth of business in Pakistan will be severely affected.
00:58 And this is not the right approach in my opinion.
01:04 But I would like to say that the IMF will not agree on less than 12,900 billion.
01:12 So we are in a very bad economic position.
01:18 We are stuck in a situation where we cannot reduce the taxes,
01:28 but we cannot reduce the unlawful taxes.
01:32 And we will stop growth.
01:35 So this is a macroeconomic position.
01:38 The second thing is that when there is no growth,
01:42 the problem of employment and youth in Pakistan will increase.
01:48 And the unlawful taxes that are imposed at the moment,
01:52 like 18% GST, super tax is imposed on almost everything,
01:58 and we will not be able to end these unlawful taxes.
02:04 So there is no way to reduce the difficulties of the people.
02:10 So my conclusion is that you should spend the budget.
02:17 And this is our fate,
02:21 because we have never tried to improve ourselves internally.
02:29 And the government, which is the current government and the previous governments,
02:35 are playing on the headings of the media or on the MOUs without any plan.
02:43 The country cannot run like this.
02:46 This is a very serious problem and we will have to think about it very carefully.
02:52 All stakeholders will have to sit together if Pakistan is removed from the path of democracy.
03:01 I am sorry, I am cutting you short.
03:05 But all political stakeholders will have to sit together.
03:08 And you know why.
03:09 The government in which you were the chairman of the FBR,
03:11 is not ready to sit with the other political parties.
03:14 So at this time, we will not get the unanimity of how to run the economy.
03:19 But you are saying that our fate is such that we will see after spending the budget.
03:25 But in the budget, the unfortunate thing is that once again the GST is increasing.
03:30 The taxes that are imposed on the poor are the same as those imposed on the rich.
03:36 GST will be equal for everyone.
03:38 We will pay according to what we buy.
03:40 Here is the agricultural sector, here is the property sector.
03:43 We are not paying attention to them.
03:45 There is a separate cartelization of retailers.
03:47 We are not able to collect taxes from there.
03:50 Mr. Ashraf, there should be a will too.
03:53 We cannot impose everything on our fate.
03:56 Look, my position on the retailer is clear throughout Pakistan.
04:05 What position I took in front of the retailer and what I did about it.
04:10 But let me tell you that even if we tax the retailer, real estate and agriculture completely,
04:18 we will not be able to collect more than 1000-1000-1000-1 billion from it.
04:24 We are shown a red light here.
04:27 You have taken three names that do not tax them.
04:31 That is why this is a tax problem.
04:33 This is not a tax problem.
04:35 The problem is that we have industries that if they kill 100 batteries,
04:43 they show 50 batteries.
04:45 We tried to put a track and trace.
04:48 After 5 years, we are saying that it has failed.
04:52 So, it is much more than that.
04:55 I am not talking about you.
04:58 I give thousands of interviews in a journal.
05:01 It is only about agriculture, income tax, retailer and real estate.
05:06 This is a red light in which Pakistan is put.
05:10 No one asks how many industrial collections are there in Pakistan and how many sales tax registers are there.
05:16 So, madam, you should not talk to me and go and see what is the ground reality of Pakistan's economy.
05:26 I have to talk to you because I need to have answers which the public is asking.
05:32 You said that whatever is happening...
05:34 No, no, no, I will tell you.
05:36 I will tell you the easy way.
05:38 Why are you going to rocket science?
05:40 There are 300,000 industrial collections in Pakistan.
05:45 There is an industrial connection of 300,000.
05:47 And there are 100,000 sales tax registers.
05:50 I have taken out my life to name 29 lakhs of collections.
05:55 You name 29 lakhs of collections tomorrow.
05:58 Pakistan will be fine.
05:59 So, why are we talking about rocket science?
06:02 We have not blindfolded ourselves, Mr. Shabbar.
06:04 Why do we need to name?
06:07 This is the job of the government to see who is paying taxes and who is not.
06:11 Is it so difficult?
06:12 You have shown the system inside out.
06:14 Which government are you talking about, BP?
06:20 One government is FBR and the other is Bijli Ki Kabni.
06:24 When I was chairman of FBR, I had the army with me.
06:28 Imran Khan was with me.
06:31 I told Bijli Ki Kabni to give me their consumer's name so that I can see if he is paying taxes or not.
06:38 They did not give.
06:39 The matter is over.
06:40 And I was told that you will not pursue this.
06:46 I came here 4 years ago.
06:48 You tell me, I am telling you today.
06:50 You leave everything.
06:52 Why are you talking so long?
06:54 You go and ask Bijli Ki Kabni that the people who have given you 30 lakhs of collections,
06:59 have you taken NTL from them?
07:01 I am talking simple.
07:03 I am not talking rocket science.
07:05 Very quick question, Mr. Shabbar.
07:06 Do people get scared of becoming registered tax payers?
07:11 If we become tax filers, then we will have more problems.
07:14 Non-filers are more at ease.
07:16 This is not the issue.
07:19 You are also putting the red flag behind.
07:21 I am not putting the red flag.
07:22 This is not the issue.
07:23 Listen to me.
07:25 I am listening to you.
07:26 I am saying that it is written in the law of Pakistan that
07:30 any person who is an industrial consumer of electricity and gas should be registered in the income tax.
07:37 I am asking why are the companies of electricity giving him electricity?
07:42 Today, Mr. Shabbar, give the order that from tomorrow, those people will not get electricity
07:48 who are not registered in the tax.
07:50 Pakistan will be fine.
07:52 Was there a possibility when you were watching the FBR?
07:57 I am saying that I wrote a letter to Imran Khan, Omar Ayub, and other soldiers
08:09 that this is the way of God.
08:12 When I saw that they are not following me, I became depressed and came home.
08:16 Why should I use the benefits of Islamabad?
08:20 I came home and sat down.
08:21 But I am telling you to remove my identity.
08:23 I have told you a very brief thing.
08:25 Watch your point.
08:26 Watch your point.
08:27 Watch your point.