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Heavy Taxes Imposed on Salaried Class | Shabbar Zaidi's Analysis
Heavy Taxes Imposed on Salaried Class | Shabbar Zaidi's Analysis
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00:00Welcome back. Salary class has been taxed, but if this tax could be justified, it wouldn't be so sad.
00:07But it is sad when we see that money is being taken out for entertainment and entertainment.
00:13Last week, the Minister of Treasury told us in his press conference that because there is no fiscal space,
00:17he cannot give relief to the salaried class. As soon as there is fiscal space, he will give relief.
00:23As soon as we get fiscal space, I am very clear that we will give relief to this segment first.
00:32If there is no fiscal space, then how has this fiscal space been created for these luxury cars in Punjab?
00:40Preparations to give luxury houses to the salaried officers after luxury cars.
00:44Great Peace is preparing to build luxury houses for the big bureaucrats of the 21st and 22nd.
00:49More than Rs. 2 billion will be spent on the project.
00:53So, you have fiscal space for the construction of houses for the officers of the 20th, 21st and 22nd grades.
00:58Let's move ahead. We saw that Rs. 29 crores is being spent for the construction of the Lahore Commissioner House.
01:04There is fiscal space in this budget for this as well.
01:07So, the money here will not be less, but you will be taxed and you will have to pay that tax so that these expenses can be done.
01:14It does not end here. The Minister's house, his garden, there are 60 gardens in it.
01:1960 gardens for which Rs. 3.6 crores has been kept in the budget annually.
01:24This is also fiscal space for such expenses.
01:27Let's move ahead. If we talk about the President's house, there is a lot of fiscal space for his employees as well.
01:35I saw that Rs. 41 crores has been spent on it. This is also fiscal space.
01:41If there is no fiscal space, then there is no fiscal space for the employees.
01:44Then the Minister of Treasury told us another great thing. He said that the ministers do not take salaries.
01:49The ministers are not taking salaries. I also want to assure you that we are also paying our utility bills.
01:57Because I have been in this job for about 4 months. I want to assure you this.
02:02So we are paying our utility bills, but the SAPMs that we are getting for Rs. 40 crores,
02:07we are telling you about this in this document.
02:10Then what account are these SAPMs getting for Rs. 40 crores?
02:14If they are not taking salaries, this is also fiscal space.
02:17No one will touch this fiscal space.
02:20Yes, where there is a tax to be imposed.
02:22The things that are useful to the common man, for example, the milk of children,
02:26a lot of tax has been imposed on it.
02:28And this is Bloomberg's report, which tells us a terrifying thing.
02:31It says that after the imposition of tax in Pakistan, prices have also increased in Australia and France.
02:36According to the Bloomberg report, the tax on milk in Pakistan has increased the price of milk by 5 times.
02:42Due to which dairy products have become expensive in France, Australia and some other developed countries.
02:48How expensive have they become? We will show you this chart.
02:51That is, the milk that is available in Karachi is 1.3 dollars, i.e. Rs. 370.
02:56In Amsterdam, it is 1.29 dollars.
03:00In Paris, it is 1.23 dollars.
03:03In Melbourne, it is 1.8 dollars.
03:06Karachi is one of the most developed countries in the world, where the most expensive milk is available.
03:12And sadly, this is a country where there is a food shortage among children.
03:17Marim Nawaz Sahiba has said in her 100 days of work,
03:20that she will provide free milk to schools for children.
03:24We will provide free milk.
03:25Take back the tax on milk, so that those people,
03:29who had milk in their pockets to feed their children,
03:32do not take it from their pockets.
03:34This is their plan to give milk to children in schools.
03:38We are going to start the plan of free milk, free milk, from kindergarten to class 5 in Punjab.
03:47Mr. Speaker, after the summer holidays,
03:50when the school opens on the first day,
03:52on behalf of the Government of Punjab,
03:55on behalf of your Prime Minister, Marim Nawaz,
03:58all children will get free milk, God willing.
04:02Gimmicks, gimmicks, gimmicks.
04:04It is a good thing that they are giving free milk to children.
04:07But there are so many children whose milk has been taxed.
04:10Australia and France have made their milk more expensive.
04:12Who will pay for their milk here?
04:14Mr. Shabbarzadeh is with us. Thank you very much.
04:16Mr. Shabbarzadeh, I keep following your talks.
04:19You also have the same problem that everyone in this country is not taxed.
04:22But the fiscal space that is not there,
04:25Mr. Treasurer,
04:26the expenses that I have calculated,
04:28may not be as big as they are,
04:30but optics matter, sir.
04:31If we tell that we are cutting our stomach in optics,
04:34then people may also stand with them.
04:36But is there really no fiscal space at the moment,
04:38so that we can give relief to the salary class?
04:42In the name of Allah, the Beneficent, the Merciful.
04:45First of all, I want to make it clear to you
04:49that I do not have any enthusiasm.
04:51I have a lot of conviction.
04:53And God willing, my messages will correct this country.
04:58Secondly, when you talk about fiscal space,
05:01you are a very innocent woman.
05:04Look, what he is saying, you understand his words
05:07and then convey it to the Pakistani people.
05:09He is saying that the IMF has hit us with a stick
05:13that you collect 13,000 billion.
05:16You are talking about expenses.
05:19He is talking about income.
05:21He is saying that we have to collect 13,000 billion.
05:25Whether we do it by starving people,
05:28not by milk,
05:29we have to complete the figure of 13,000 billion.
05:33This is our commitment.
05:35He does not talk on the expense side.
05:38By combining expenses and income,
05:41you are talking about innocence.
05:43So you are very innocent.
05:45You did not mix both things.
05:47The IMF has told him that...
05:49Yes, tell me.
05:50I wanted to say that
05:52I understand the difference between what you are saying
05:55about expenses and income.
05:57I am just saying that when I am told that there is no fiscal space,
06:00I just want to understand from you
06:02whether he is saying it accurately.
06:05Listen to me.
06:07He is misusing the word fiscal space.
06:10He is saying that I have to collect 13,000 billion.
06:14I do not have any other resources.
06:17So on the basis of that,
06:19I will collect 13,000 from this salary.
06:21You are understanding fiscal space.
06:23Expenses minus expenditure.
06:25He is not talking about that to the people.
06:28Yes, yes, yes.
06:30You are talking differently.
06:33He is trying to put the people on another track.
06:39If we have 13,000 billion from somewhere else,
06:42then we will reduce the tax on the salary.
06:44He is not talking about expenses.
06:46He cannot talk about expenses because
06:49he gives 9,700 billion rupees as interest.
06:55So now he does not have the ability to talk about expenses.
06:59When he collects all the revenue and gives it as interest,
07:04then the 1-2 billion that you are talking about,
07:07is a joke for the Pakistanis.
07:10Pakistan has a debt of 9,700 billion next year.
07:18This is the cost of our interest.
07:21In an Islamic country,
07:23which you say is Haram.
07:25Now let's move forward.
07:27You are talking about fiscal space.
07:29He is saying that if my revenue increases
07:33and my expenses remain the same,
07:35then if there is space,
07:37I will reduce your salary tax.
07:39You are innocent.
07:41He is putting you on another track.