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Petrol price escalation
While it is understandable that price of petrol and edible oil etc., is linked with what prevails in international market, it is the contradiction of low taxation on real estate profits and cigarette sales that does not conform to international practice, which is shocking. Even the IMF would have no objection to giving selective subsidies to the poor, if Pakistan raises enough revenues to meet expenditure.
There is no difference whether the government is dominated by PTI, PML-N, PPP, PML-Q etc., or a dictatorship, this Elite Capture is dominant and is reflected in every budget that has been passed for decades. The last balanced budget was presented by Khawaja Nazimuddin in 1953, but within days the GG dismissed his government, followed by dissolving the First Constituent Assembly and the judiciary complied using Doctrine of Necessity.
Pakistan has been subjected to various doctrines such as Ayub Doctrine, Zia Doctrine and Musharraf Doctrine, but has never adopted Jinnah Doctrine which was the basis for creation of a modern democratic welfare state. It is an internationally accepted practice to tax all sources of income and raise enough revenues to meet expenditure and invest in socio-economic...
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