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Showing posts with label budget. Show all posts
Showing posts with label budget. Show all posts

Tuesday, June 8, 2010

Economic Survey: VAT in Pakistan





The parliament has finally announced the budget for this year. Some analysts have already started calling it "the IMF-budget". Certainly, it can't be called the people's or the trader's budget. Even though it appears people-friendly (for example the 50% increase in the salaries of government employees) and has indicated increases in pensions, it does not bear any good news for a common man who may be a labourer or a farmer or working in a private institution. The failure of government to provide relief to masses has dwindled their confidence in system.