The present budget has three negative points. First, the general sales tax has been increased from 16 to 17 percent. it is stated that the increase of tax will bring in Rs.60 billion. But this measure will affect the the working class and the poor. Instead of increasing it, the government should have introduced the new tax like capital gain tax on the real estate and the stock exchange.
second, the importing of tax free the hybrid cars is absolutely illogical and irrational at this moment. Mr. Dar's assertion is that if we import these cars, these will save 800 dollars annually as the cars are fuel efficient and environment friendly. however, the price of the cars is mind- boggling: 2 million rupees for the car which is the cheapest of all, whereas others are more than 3 million. now this what we call an elite class measure.
finally, no increase of salary for the government employees.
otherwise, i think it is a good budget for the hemorrhaging economy, if not a popular budget.............