Pakistan’s enemy # 1 is neither India nor terrorism..!

Entire 22 crores rich and poor Pakistani population, pays indirect and direct taxes, without any exception, but people in authority have always been falsely spreading propaganda that only a handful Pakistanis pay taxes.

Maybe, since, only 1.2 million submit tax returns, there is a misconception that only these 1.2 million tax return filers pay taxes, out of 220 million population.

The issue is not that nobody pays taxes in Pakistan, but that due to the extremely lopsided ratio of indirect taxation vs the direct taxation, imposed over the country, its economic health, is virtually on a ventilator.

The ratio of direct taxes collection in Pakistan is very low at 11.21%, while Indirect-taxation generates 88.79% of the country’s revenues. [Link:- https://pakobserver.net/direct-tax-collection-ratio-low/ ]

Direct taxes with much higher rates, must be imposed on the 1-2 % super rich population of Pakistanis, who own all the luxuries of this world, in the four corners of the globe; which obviously, they have purchased from unlawful money, earned mostly from tax cheatings, under invoicing, misuse of SRO’s, corruption in international civil and military purchase contracts and mega construction contracts , selling of profitable roots of PIA, privatisations [remember one bank was purchased by a dollar billionaire with the deposits of the same bank and another bank was sold for Rs.1,000/- for which the auditors were paid Rs.2.5 crores to evaluate its worth as Rs.1000/- and then our State Bank gave the purchasing party a loan of ONLY Rs.20 billion, on world record interest rate of 0.01%] of national assets and bribes on sale and purchase permits, sale of Euro Bonds at world record interest rate [ just for media]  of 8.25% [but actually on a much higher rates than 8.25% if grant of exemptions of taxes are accounted for]  etc etc.

The fact is that these 1-2% rich and powerful looters and plunderers of Pakistani resources are solely responsible for mega corruption, which has now reached such a level that our black economy is almost double in size of our national budget of 2017-18 which is almost a little under Rs.5 trillion or $50 billion.

So, to conclude, if Pakistan has to stand up economically on its own feet, we don’t need accountability like the recent report of FIA, which says NO political person has invested in property business of Dubai,but like the  SELECTIVE and RUTHLESS accountability of only the super filthy rich persons, recently witnessed in the Kingdom of Saudi Arabia (KSA).

Remember, Pakistan’s enemy # 1 is neither India nor terrorism, but it is the CORRUPTION, which now has turned into an economic terrorism, against Pakistan.

PAKISTAN PAINDABAD.

... other posts by Syed Nayyar Uddin