Shaikh insisted that “rich people in other countries pay higher taxes” as compared to the upper class in Pakistan. Pakistan’s people, especially the rich, will have to be sincere with the country and will have to pay taxes.”“We cannot allow businesses and industries to continue earning here and not pay taxes. Responding to questions regarding the measures taken to ensure that the tax target is achieved, Shaikh said: “This is not an easy target for us. We have set a daunting revenue target to address this issue. On the development budget, the adviser said the annual development plan for the next fiscal year envisages allocation of Rs950 billion as opposed to the Rs550 billion allocated for the current fiscal year.

Source: Pakistan Today June 12, 2019 15:29 UTC