The taxes are the vital sources of the government whether they are imposed on buyer or seller, accordingly economics, through which the government pays its labour or invest them on the development projects of the country. The taxes, on each material, is taken, even graves are included in some cities of Pakistan. The Prime Minister of Pakistan (Imran Khan) has been stressing the need to ramp up the great of Pakistani currency by implementing collaboration with progressed countries as well taking debt from them to build up a wealthy economy for the country. Sometimes the prime minister gets live to have a discussion with the people who are in hot water to solve their problems.
However, most of the lodged complaints were about the eminent poverty of the nation. Some people have taken loans to get just a little utility, some don’t have three times food, and many more.
This is caused due to the high-level taxes on each material. The essentials are too expensive that a middle-class family is ranked in the poverty, which comes in the category of fewer than two dollars per day income.
If the government prints too much money, then there will be inflation, a principle of economics, however today there is no money, but still, inflation is at its peak. This is because taxes are charged for the essentials with demand. One more reason is the country is being more indebted day by day as the dollar increases, not decreases. This is wholly wrong that the taxes will build up a great economy for the country. The reason is the people don’t have money to take three times food then how they buy their essentials and invest. Technically it is right although it is just an injustice being with the nation.
The only business which surely helps the country to progress rather than taking taxes from penurious people and business the people are unable due to the current taxes. Everybody would like to have a developed country. However, the government itself made the people and the country limited.
According to economics, the event that leads towards cost-push inflation and therefore stagflation when there is takes on an individual. That’s completely right if there is no investment and earning profits, then obviously the economy remains stagnant.
The government sometimes can improve the market outcomes. The stamina is handed over to the government always in Pakistan which has made the people confused. There is no doubt that the country is in a state of poverty and getting worse. This condition for Pakistan is really serious which may cause the people to strive to change the government by voting a corrupt or better leader to lead the country. The Prime Minister need to decrease the taxes at least of essentials otherwise the people will have no option to do something right, but illicit works to survive from this worsening situation.
MUDASIR KARIM
Turbat
