View Single Post
  #64  
Old Tuesday, June 18, 2013
feastomzy feastomzy is offline
Junior Member
 
Join Date: Jun 2013
Location: Lahore
Posts: 9
Thanks: 6
Thanked 1 Time in 1 Post
feastomzy is on a distinguished road
Default

Quote:
Originally Posted by talalz3 View Post
I have always said that N league is a group of industrialists and agriculturists who are only interested in their own revenue. They are transferring the burden of the nation on the salaried corporate class while they themselves dont file returns. Sad case really. Very poor budget presented
I was reading today in newspaper that many MNC's are still not happy with the budget - Federal Government has planned to increase revenue tax from 0.5 to 1% which will definitely have a significant effect and might even offset easily the reduction in corporate tax. Plus, the B2C implications of GST will reduce the buying power - might have a negative effect to their revenue figures. Plus, SBP is planning to cut down the KIBOR rates which will further cut down banks' profits which they have been bragging about - By cutting down KIBOR and printing further money to pay circular debt will pop in money to the economy which might result in increased inflation and there are speculations that rupee against dollar might fall so at this moment the scenario is not as planned things might get nasty soon.
Reply With Quote