Only 2.5 mn of 172 mn Pakistani’s pay taxes
Only 2.5 million of 172 million Pakistanis pay taxes. Of these, 1.8 million are paid and paid Rs.27.37 billion in taxes during the just ended fiscal 2008-09, the Senate was informed Thursday.
The figures were supplied by the minister of state for finance and economic affairs Hina Rabbani Khare, online news agency reported.
Responding to questions, said that the income resulted from the collection of taxes was only 9.6 percent of GDP.
Addition to extending the tax system to raise taxes, those taxes that were recorded – but not paying the tax paid would have to be persuaded to pay, the tax she added.
Responding to a question, Khare said, we must extend our hands to donor agencies, international lending to the search after two years as a tax on income targets are not found.
Pakistan ‘parliament on June 25 passed a budget of Rs.2.9 s one million for fiscal 2009-10 that began July 1 that focuses on sustainable development, the revival of industry and providing relief to the vulnerable and the millions of refugees by uprooting anti-Taliban offensive in the northwest.
Presenting the budget on June 13, Khare said that when the income during the fiscal was estimated at one million Rs.2.174, expenditure was estimated to be one million Rs.2.897.
The deficit of Rs.722.5 billion – 4.9 percent of GDP – would be found with the external loans of Rs.264.9 billion and loans of Rs.457.6 billion domestic.
It was the first time in Pakistan ’s in a history of 62 years that a woman had presented the budget.
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