Super tax will bring storm of inflation, says Imran

PTI Swat by-poll ANP

Former prime minister and Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan said on Saturday that the 10 percent super tax imposed by the coalition government on 13 major large-scale industries will bring a storm of inflation in the country.

Addressing a press conference in Islamabad on Saturday, he said that with the imposition of 10 percent super tax, the tax on 13 major large-scale industries will reach 40 percent that would led to the shutting down of many factories. The former PM said that the industries have started laying off employees after the imposition of super tax.

He said that the increase in diesel price would affect farmers, adding that the incompetent government has also increased tax on salaried class. The salaried class was earlier given a tax exemption on an income of Rs100,000 but the incumbent government has decreased the slab to Rs 50,000, he said. Imran Khan said that his government collected record tax revenue during its tenure, adding that his government didn’t burden those who were paying taxes, while 43 million non-paying households were added in the tax net.

Regarding NAB law, the PTI chairman said that he has challenged the amendments in the Supreme Court, adding that he has confidence in the judiciary as it will not allow oppression. “If they incumbent rulers succeeds, the country wouldn’t need enemies,” he said and added these NAB amendments are going to destroy Pakistan as the big robbers will be exempted under NAB amendments.—INP


Previous articleGovt committed to transform Pak into knowledge-based society: Governor
Next articlePM expresses condolence with Zardari on demise of his mother