Pakistan Tehreek-e-Insaf (PTI) leader and energy minister Hammad Azhar on Friday strongly criticised the coalition government’s decision to impose 10% super tax on large-scale industries.
Taking to Twitter, Hammad Azhar said, “Super tax will end up further squeezing the formal sector of the economy.
This means taxing the already taxed even more.”He went on to say that the country’s economy was nosediving and such a measure at this time will reverse the “industrialisation momentum that PTI generated”.
“Industry is already facing crippling costs due to rising prices of commodities and energy. This super tax will be priced in their balance sheets and passed on to the customers in many cases. Means even higher prices for the public,” he further wrote.
Prime Minister Shehbaz Sharif today announced a super-tax of 10 percent on large-scale manufacturers and industries in the country in order to address the economic woes.—INP
