Over 60% of the country's cabinet and two thirds of its federal lawmakers paid no tax last year, according to a report released by an investigative Pakistani journalist, Umar Cheema.
The report, prepared on the basis of information from the Federal Board of Revenue (FBR), reveals that President Asif Ali Zardari and 34 of the 55 cabinet members did not file a tax return in 2011, while Prime Minister Raja Pervez Ashraf and Foreign Minister Hina Rabbani Khar paid just 142,536 rupees (US$1,466) and 69,619 rupees as income tax.
Last year, the FBR identified 700,000 rich people who were enjoying a luxurious life but not paying tax. About 55,000 out of total identified wealthy people had been issued notices to pay taxes as they had cars, big houses and were enjoying foreign tours.
The government has taken out $13.07 billion in loans in the period from March 25, 2008 to July 1, 2012, according to the Economics Affairs Division (EAD). The country has obtained 58 different loans worth $3.81 billion from seven countries, while 167 loans amounting to $9.25 billion have been taken from eight donor agencies.
Interest payments on the country's domestic and foreign debt increased 132 billion rupees, or $1.4 billion, during the first quarter of the current fiscal year. Interest payment during the July-September period came to 312.87 billion rupees, with 299 billion rupees for domestic debt and 13 billion rupees going to service foreign debt, according to the Ministry of Finance.
http://www.atimes.com/atimes/South_Asia/NL22Df01.html
Change your leaders or they will even sell your underwears in next 5 years.
The report, prepared on the basis of information from the Federal Board of Revenue (FBR), reveals that President Asif Ali Zardari and 34 of the 55 cabinet members did not file a tax return in 2011, while Prime Minister Raja Pervez Ashraf and Foreign Minister Hina Rabbani Khar paid just 142,536 rupees (US$1,466) and 69,619 rupees as income tax.
Last year, the FBR identified 700,000 rich people who were enjoying a luxurious life but not paying tax. About 55,000 out of total identified wealthy people had been issued notices to pay taxes as they had cars, big houses and were enjoying foreign tours.
The government has taken out $13.07 billion in loans in the period from March 25, 2008 to July 1, 2012, according to the Economics Affairs Division (EAD). The country has obtained 58 different loans worth $3.81 billion from seven countries, while 167 loans amounting to $9.25 billion have been taken from eight donor agencies.
Interest payments on the country's domestic and foreign debt increased 132 billion rupees, or $1.4 billion, during the first quarter of the current fiscal year. Interest payment during the July-September period came to 312.87 billion rupees, with 299 billion rupees for domestic debt and 13 billion rupees going to service foreign debt, according to the Ministry of Finance.
http://www.atimes.com/atimes/South_Asia/NL22Df01.html
Change your leaders or they will even sell your underwears in next 5 years.
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