1 percent of people in the country are tax filers, talks to Shehbaz Rana and Kamran Yusuf in The Review. Photo: Facebook
Islamabad: Renowned businessman and Chairman Nishat Group of Industries Mian Muhammad Mansha has said that the federal government has no funds.
Renowned businessman and Chairman of Nishat Group of Industries, Mian Mohammad Mansha said that having an IMF program is good for bringing discipline to our system, but the problem is what to do after that? This is the same question, you see that our federal government has no funds, they only collect money to pay salaries, we talk about raising taxes, but no one talks about reducing our spending. .
Also read: The agreement with the IMF is another opportunity to make necessary reforms, Miftah Ismail
Talking to analysts Shehbaz Rana and Kamran Yusuf in the Express News program The Review, they said that we should bring down the interest rates and they will come down only when all this privatization is done. The losses are in Hyderabad, Sukkur, Quetta and KPK they recover only 24%, there is scope for such huge improvement.
He said that we have taxed a bank 9.5 billion rupees this year, they have imposed many things including super tax on banks, if you do not keep the banks strong, the country’s economy will remain under pressure, 1% people in this country are tax filers. He said that the biggest problem for the economy in Pakistan is over-employment in government institutions.
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