Ishaq Dar defends 1% increase in the GST

Briefing the Senate Standing Committee on Finance, Senator Ishaq Dar refuse to give in to the pressure from the opposition party to reduce GST to the prior level of 16%. In the new budget the government has proposed the GST to be 17%.

He said that Ministry of Defense sought Rs. 700 billion but a lower budget was allocated for it. He said that if salaries were increased by 1% it will incur an additional expense of Rs. 2.3 billion. He defended the proposed budget and expressed confidence that it will pass the lower and upper house. He also said that the revenue targets have not been met in the last few years which has aggravated the financial condition of the country.

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