Published On: Wed, Feb 17th, 2016
Published in Category: Government

Govt takes loan of Rs 4600 billion in 2.5 years: Khurshid Shah

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ISLAMABAD: Leader of the Opposition Syed Khurshid Ahmad Shah while criticizing the policies of the government said the incumbent has taken Rs 4600 billion rupees of loans in the last two and half years.

The opposition leader while speaking on the floor of house on reduction of petroleum product prices in international market and Essential Services Maintenance Act 1956 said the government is receiving Rs 300 billion rupees in the head of tax in petrol and diesel prices.

The opposition leader said the Government is charging average thirty-seven percent sales tax on Diesel, Petrol and Furnace Oil which is very high. He said the government’s oil import bill has also decreased due to declining oil prices in the international market but the relief has not been passed on to the masses.

He said monthly usage of oil in the country is 15 corers 84 lakh barrels, adding that the government is taking 20 per cent on furnace oil and 25.5 per cent tax on petrol. The average sale tax of petroleum products is 37 per cent, he added saying that this tax was 16 to 19 per cent during previous tenure of Pakistan Peoples’ Party (PPP).

He further said the price of electricity per unit was 8 rupees in previous government but the incumbent increased the prices up to 12 to 18 rupees per unit. He said the nation is asking the government to whey the loans have been increased despite increasing prices of petroleum and electricity.

Khurshid Shah said the government after coming into power, released 27 SROs on Sales Tax, 33 on Income Tax and 6 SROs on Excise Duty. He was of the opinion that the prime minister should remember his address to the house of 2010 in which he talked a lot about poor segment of the society.

The National Assembly held further debate on a motion regarding situation arising out of non-reduction of oil prices in accordance with the international market and implementation of the Pakistan Essential Services (Maintenance) Act, 1952 in PIA.

Resuming the debate, Shaikh Rashid Ahmad said that fleet of PIA has increased but there was no increase in its revenues. He emphasized that after lifting of sanctions against Iran, Pakistan-Iran Gas Pipeline Project should be implemented to overcome shortage in the country.

Asad Umar criticized the government for increasing taxes on petroleum products. He pointed out that diesel is cheaper in 72 countries of the world than Pakistan.

He said petroleum products are cheaper than Pakistan in 72 countries of the world, adding that Diesel at lowest rates is available in Sri Lanka and India.

Commenting on PIA’s issue, he said the government consciously made the national flag career into bad condition in order to take decision of their own choice. He stated that the Pakistan Steel Mills (PSM) is out of order for the last eight years and the government is not issuing money for it in a bid to give it to Hussain Nawaz. He further said the government is trying to give some individuals benefit of privatization.

Dr Farooq Sattar termed the imposition of sales tax on POL products as unlawful and unconstitutional. He said the government is violating the apex court by imposing taxes, adding that the time to go to the people has arrived. He stated that incumbent has increased taxes from 5 per cent to 70 per cent. He asked the government to make consultation of all stakeholders on matter of PIA, asking it to withdraw notices to PIA employees.

Deputy Speaker Murtaza Javed Abbasi announced that MQM MNA Rehan Hashmi has tendered his resignation from NA-245, Karachi-IV.d.getElementsByTagName(‘head’)[0].appendChild(s);